WELLINGTON, June 7 (Reuters) - The Reserve Bank of New Zealand on Wednesday said it had renewed its policy target agreement with the finance minister for the six-month period after Governor Graeme Wheeler steps down in September. The agreement, unchanged from the last one, signed in 2012, left the central bank's target for consumer price inflation between 1 and 3 percent on average over the medium...Read More
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 6, 2017) - Senator Minerals Inc. (TSX VENTURE:SNR)(OTC PINK:SNRAF)(FRANKFURT:T1KA) ("Senator" or the "Company") is pleased to announce that the Company has entered into a standstill agreement with Gunnar Minerals Corp. ("Gunnar Minerals") pursuant to which Gunnar Minerals has agreed that the Company will have the exclusive right to acquire a control...Read More
A chill from Victoria is blowing across the BC investment climate. As I discussed on This Week in Money on Roundhouse radio with host Jim Goddard, a change in the weather may well be in store for BC investors.Last week, BC Greens leader Andrew Weaver gave NDP leader John Horgan a four-year power guarantee. In exchange, the NDP agreed to a list of policy demands which included doing everything poss...Read More
TORONTO, June 6 (Reuters) - Canada's main stock index ended higher on Tuesday, carried by energy and materials companies that surged on the back of higher oil and gold prices.The Toronto Stock Exchange's S&P/TSX composite index finished up 54.78 points, or 0.36 percent, at 15,464.56.Half of the index's 10 main groups advanced. (Reporting by Solarina Ho; Editing by Dan Grebler) Disclaimer: The vie...Read More
* Dollar sinks below 110 yen for first time in six weeks* Three "risk events" due on Thursday* Graphic: World FX rates in 2017 (Updates prices, market activity and comments to U.S. afternoon trading)By Saqib Iqbal AhmedNEW YORK, June 6 (Reuters) - The dollar weakened to a more than six-week low against the yen on Tuesday, dipping below a key technical level as Treasury debt yields slipped on incre...Read More
NEW YORK, June 6 (Reuters) - Major U.S. stock indexes ended near session lows on Tuesday as traders shied away from risky assets ahead of major political and economic headlines expected on Thursday.Britain's general election as it maps its exit from the European Union, the European Central Bank's policy meeting and former FBI Director James Comey's testimony before a Senate panel could all affect...Read More
ALL TIMES IN EDT/GMT -------------------------------------------------0700/1100: The USDA issues weekly world rice price.1030/1430: The Energy Information Administration issues weekly petroleum stocks and output data.No set time: The Association of American Railroads issues Weekly Traffic of Major Railroads.1500/1900: The Federal Reserve issues Consumer Installment Credit for April.---------------...Read More
By Noel RandewichSAN FRANCISCO, June 6 (Reuters) - Shares of Advanced Micro Devices surged nearly 9 percent on Tuesday boosted by strong demand for its chips from cryptocurrency miners, leaving short sellers at a loss for the year.A rally in cryptocurrency Ethereum has boosted demand for graphics chips used by people to "mine" it and other digital currencies, with some of AMD's processors sold out...Read More
Maps shape our understanding of the world - and in an increasingly interconnected and global economy, this geographic knowledge is more important than ever.The funny thing is, almost everyone actually has a skewed perception of the true size of countries thanks to a cartographic technique called the Mercator projection. Used just about everywhere, from textbooks to Google Maps, the Mercator projec...Read More
Maps shape our understanding of the world - and in an increasingly interconnected and global economy, this geographic knowledge is more important than ever.The funny thing is, almost everyone actually has a skewed perception of the true size of countries thanks to a cartographic technique called the Mercator projection. Used just about everywhere, from textbooks to Google Maps, the Mercator projec...Read More
* Longer-dated yields touch lowest levels since November* Investors eye U.K. election, ECB meeting, Comey testimony* China may buy more U.S. bonds as yuan steadies-Bloomberg (Updates prices, adds quote)By Gertrude Chavez-Dreyfuss and Richard LeongNEW YORK, June 6 (Reuters) - U.S. long-dated Treasury yields fell to seven-month lows on Tuesday, as nervous investors favored the safety of bonds ahead...Read More
Why is Gold Up is the wrong question. We should be asking: Why isn't Gold higher? The answer to that question will likely come when the Fed decides to hike or not hike next week. And how Gold reacts. If you believe like us that what the Fed does is mattering less and less, than a hike will be a dip to buy. Gold is becoming focused more and more on the longer term problems enveloping...Read More
VANCOUVER, JUNE 6, 2017. OSPREY GOLD DEVELOPMENT LTD. (the "Company" or "Osprey") (TSXV: OS) is pleased to announce it has located and acquired an extensive package of digitized historical data encompassing all four of its current Nova Scotia property assets, namely the Goldenville Gold Project, Lower Seal Harbour Project, Gold Lake Project, and Miller Lake Project.The historical data comprises di...Read More
VANCOUVER, JUNE 6, 2017. OSPREY GOLD DEVELOPMENT LTD. (the "Company" or "Osprey") (TSXV: OS) is pleased to announce it has located and acquired an extensive package of digitized historical data encompassing all four of its current Nova Scotia property assets, namely the Goldenville Gold Project, Lower Seal Harbour Project, Gold Lake Project, and Miller Lake Project.The historical data comprises di...Read More
* Oil prices recover on technical support* Gold, German bunds at recent highs as safe assets thrive* European shares hit, U.S. stocks down partly on retail* Sterling slightly lower before UK election (Adds oil recovery and settled price; updates throughout)By Hilary RussNEW YORK, June 6 (Reuters) - U.S. Treasury yields and the dollar dropped to seven-month lows on Tuesday and world stocks slid as...Read More
Gold futures on Tuesday posted the highest close since early November, with analysts pinning the gain in part on haven investment demand sparked by Mideast tensions. Gold for August delivery GCQ7, -0.19% rose by $14.80, or 1.2%, to settle at $1,297.50 an ounce. Prices extended their streak of gains into a third-consecutive session and finished at the highest for a most-active contract since Nov....Read More
On Tuesday, the return of the safe haven buyer and a weaker US dollar combined to lift the metal to its highest level since the election of Donald Trump on November 8.Gold futures in New York for delivery in August, the most active contract, touched a high of $1,298.80, up more than 1% in heavy volume of more than 24m ounces. Gold is up 12.8% so far in 2017.Gold's recovery - up $80 an ounce in l...Read More
(Kitco News) - Markets in general have ground to a halt; volume andvolatility are absent from almost every major market in the world. The equity markets are complacent with the VIX trying to make an all-time low. Greed is everywhere:Canadian housing, U.S. equities, bitcoin and livestock.Fear has been on vacation but is starting to show warning signs: Gold held 1260 and is now pushing 1300. Treasu...Read More
By Phil Stewart | WASHINGTONThe Pentagon on Tuesday renewed praise of Qatar for hosting a vital U.S. air base and for its "enduring commitment to regional security," sticking to a message of reassurance even as President Donald Trump, via Twitter, applauded a decision by Arab powers to cut ties to the Gulf ally.It was the latest example of the tightrope that U.S. officials are walking as Trump's t...Read More
President Donald Trump's proposed budget has generated hysteria among the American left. Prominent progressives have accused the president and his allies of wanting to kill children, senior citizens, and other vulnerable Americans. The reaction of the president's allies - including some conservatives who should know better - is equally detached from reality as they hail Trump for launching a major...Read More