The retailer also upped its full-year guidanceThe shares of Dick's Sporting Goods, Inc. (NYSE:DKS) are up 3% to trade at $37.48 this morning, after the athletic goods retailer reported stronger-than-expected third-quarter adjusted profit of 30 cents per share, greater than the 26 cents per-share estimate from analysts. While revenue was in-line with expectations, the company also upped its full-...Read More
Both names are on track to snap lengthy monthly losing streaksThe shares of Weibo Corp (NASDAQ:WB) are trading up 6.2% at $62.76, after the China-based social media name reported third-quarter adjusted earnings of 75 cents per share on $460.2 million in revenue. This was more than analysts were expecting, while advertising and marketing revenues also jumped more than forecast. On the charts, WB st...Read More
LONDON - The World Gold Council (WGC) said on Wednesday it would appoint David Tait, an investment banker and member of the Bank of England's market standards board, as chief executive from next year.Tait will take over in February from Aram Shishmanian, the council's CEO for the last decade, the WGC said.Tait's career in banking has included stints at Credit Suisse, UBS and Goldman Sachs as well...Read More
A coalition of gold investors, including firms backed by billionaires John Paulson and Naguib Sawiris, is taking aim at mining executives who don't have enough skin in the game.Businesses tend to perform better when top managers have a high ownership-to-pay ratio, according to the inaugural report of the newly launched Shareholders' Gold Council, which tracked 17 gold companies."You have a much bi...Read More
How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More
Third-quarter GDP grew by 3.5%, on par with estimatesDow Jones Industrial Average (DJIA) futures are more than 150 points higher, amid easing concerns abouttrade tensions with China. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also confidently higher, powered by a rebound in the tech sector. Investors are also eager to digest comments from Fed Chair Jerome Powell, who will spea...Read More
Salesforce.com and Nutanix are eyeing huge sessions Salesforce.com, Inc. (NYSE:CRM) shares are set to rise after earnings, trading up 8.5% in pre-market action. The enterprise software specialist reported third-quarter earnings that were well above estimates, driven by better-than-expected revenue for the period. Salesforce also raised its full-year outlook. The robust report sparked a handful of...Read More
Emgold Mining (TSXV: EMR) just signed an agreement to sell its 100%-owned Troilus North property to Troilus Gold (TSE: TLG) for 3,750,000 Troilus Gold common shares and C$250,000 in cash.The sale is expected to be finalized the first week of December and upon its completion, Emgold will keep approximately 7.1% of Troilus Gold's issued and outstanding share capital."Emgold is very excited to have b...Read More
Emgold Mining (TSXV: EMR) just signed an agreement to sell its 100%-owned Troilus North property to Troilus Gold (TSE: TLG) for 3,750,000 Troilus Gold common shares and C$250,000 in cash.The sale is expected to be finalized the first week of December and upon its completion, Emgold will keep approximately 7.1% of Troilus Gold's issued and outstanding share capital."Emgold is very excited to have b...Read More
(Updates with closing prices)By Peter HobsonLONDON, Nov 28 (Reuters) - Zinc prices rose on Wednesday asfalling stockpiles and rising premiums for nearby metalhighlighted a short-term supply squeeze, halting a slide to10-week lows.The metal, used to galvanise steel, had tumbled more than 7percent from last Thursday's close as traders anticipated anincrease in supply and weakening demand from steelm...Read More
Shares in Condor Gold (LON:CNR) jumped Wednesday after the miner announced it had extended known targets and discovered new high-grade vein systems at its La India project in Nicaragua.The company said it was working to prove a 5-million-ounce gold district, adding it had already applied to the Ministry of Energy and Mines for two adjacent concessions that will expand the La India land package f...Read More
Shares in Condor Gold (LON:CNR) jumped Wednesday after the miner announced it had extended known targets and discovered new high-grade vein systems at its La India project in Nicaragua.The company said it was working to prove a 5-million-ounce gold district, adding it had already applied to the Ministry of Energy and Mines for two adjacent concessions that will expand the La India land package f...Read More
Tanzania's Acacia Mining (LON: ACA) has ended an earn-in agreement with Canada's Sarama Resources (CVE: SWA) over the South Hound?(C) gold project in Burkina Faso to focus on core projects.Acacia and Sarama had originally agreed to a deal which could have seen the Tanzanian miner earn up to a 70% stake in South Hound?(C) after funding $14 million in exploration costs over a four-year period.Acaci...Read More
Falyn Page| @falynspagePublished 22 Hours AgoUpdated4 Hours AgoCNBC.com Gold jumped from near a two-week low on Wednesday after U.S. Federal Reserve Chair Jerome Powell said interest rates were "just below" neutral, soothing investor worries over the pace of rate hikes.U.S. gold futures settled up $10.20, or 0.8 percent, at $1,223.60."Interest rates are still low by historical standards, and they...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed higher Tuesday afternoon, shaking off the latest Trump comment that he expects to press ahead with higher tariffs on China-made goods.Apple Inc. (AAPL) declined 0.4% after Donald Trump hinted at new tariffs on iPhones.United Technologies Inc. (UTX) slid 4% after the industrial...Read More
The Tuesday Market Minute Global stocks drift lower as Trump appears to dismiss chances of a breakthrough on trade talks with China later this week in Argentina.European currencies slide as ECB President Draghi warns on global trade, investors question Theresa May's Brexit deal, sending both the euro and the pound lower against a firming U.S. dollar.Oil prices give back Monday's gains, sending B...Read More
Investing.com - Gold prices dropped on Tuesday in Asia while the dollar also slid. Traders will take cues from Federal Reserve Chairman Jerome Powell’s speech on Wednesday to see which direction the precious metal will go.Gold futures for February delivery on the?EUR?Comex?EUR?division of the New York Mercantile?EUR?Exchange traded 0.05% lower at?EUR?$1,228.2?EUR?a troy ounce by?EUR?10:29 PM...Read More
Bob Moriarty ArchivesNov 28, 2018The US Department of the Interior recently released a list of35 “Critical Minerals” includingtellurium. With China producing over two thirds of the world’s consumption of the metal today certainly the mineral would be in serious shortage should the current trade war between the US and China get even more stupid.I’m not sure exactly what putt...Read More
CloseGain/LossGold $1220.20+$5.20Silver$14.31+$0.17XAU65.52+3.10%HUI147.88+2.90%GDM537.36+2.07%JSE Gold1107.10+1.32USD96.83-0.53Euro113.71+0.76Yen88.13+0.11Oil$50.29-$1.2710-Year3.061%+0.008T-Bond139.625-0.28125Dow25366.43+2.50%Nasdaq7291.59+2.95%S&P2743.78+2.30% The Metals: Gold dropped back to $1211.20 by a little after 9AM EST before it jumped up to $1226.30 in early a...Read More
Looks like we just hit an inflection point. So far this morning:U.S. new home sales drop to more than 2-1/2-year low(Reuters) - Sales of new U.S. single-family homes tumbled to a more than 2-1/2-year low in October amid sharp declines in all four regions, further evidence that higher mortgage rates were hurting the housing market.The Commerce Department said on Wednesday new home sales dropped 8...Read More