Don't miss out on the multi-billion-dollar "Marijuana Buyout Boom."One Fortune 500 company is betting over $4 BILLION on "legal weed."Constellation Brands already owns Corona, Robert Mondavi, Canadian Whiskey, and Svedka.And now they're getting into cannabis.They recently made a HUGE investment in major pot company called Canopy Growth.Why?Because they anticipate massive growth and profits once...Read More
Oil prices rose on reports the EU will back French sanctions on IranThe Dowdropped out of the gate and didn't look back, ending with a loss ofnearly 400 points. FAANG stocks continued to drag down the market, withFacebook (FB) and Apple (AAPL) among the worst hit. The former touched an annual low on more negative media attention, while the latter plummeted amid renewed concerns about iPhone deman...Read More
NEW YORK (Reuters) - The dollar dropped to two-week lows on Monday, pressured by cautious comments about the U.S. economy from Federal Reserve officials suggesting the central bank may be nearing the end of its tightening cycle.Against a basket of six major currencies, the greenback fell to 96.120, its lowest since Nov. 8, after falling nearly half a percent last week, its biggest weekly drop sinc...Read More
FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) processed payments for Danske Bank (DANSKE.CO) in Estonia but ended the relationship in 2015 after it found suspicious activity, a spokesman for the German lender said on Monday.“Our role was to process payments for Danske Bank,” he said. “We terminated the relationship in 2015 after identifying suspicious activity.”Reporting b...Read More
WASHINGTON (Reuters) - CNN on Monday called on a federal court to hold emergency proceedings after the White House said it would again revoke press access to correspondent Jim Acosta despite a temporary restraining order on Friday to reinstate him.Acosta’s credentials were revoked after Trump denounced him as a “rude, terrible person” during a Nov. 7 news conference. CNN challeng...Read More
(Kitco News)- Although optimism is starting to grow among gold traders,one technical analyst warns that it is still a little too early to turn overlybullish on the precious metal.In a recent interview with Kitco News, Greg Harmon, founderof Dragonfly Capital, said while gold has bounced off recent support at $1,220an ounce, prices need to push past their October highs above $1,246 an ounce,before...Read More
(Reuters) - Apple Inc (AAPL.O) has cut production orders in recent weeks for all three iPhone models launched in September, the Wall Street Journal reported on Monday, citing sources.A lower-than-expected demand for the new iPhones and Apple's decision to offer more models has made it difficult to anticipate the number of components and handsets the company needs, according to the WSJ report here...Read More
RIYADH (Reuters) - Saudi Arabia's King Salman will inaugurate the Waad Al-Shamaal mining project on Thursday, Alarabiya TV said on Twitter, quoting energy minister Khalid al-Falih.The project will cost 85 billion riyals ($22.7 billion) and will create 10,000 jobs, according to Falih. It is part of an industrial scheme aimed at opening up Saudi's north to development that will boost job creation.Sa...Read More
Strong words, aren't they? And yet, we are not afraid to put them right in the title. The number of factors (and their importance) that point to a nearby reversal and continuation of the major decline is too significant to believe in the bullish case, even though gold, silver, and mining stocks moved higher in the last few days. We emphasized it many times and we will continue to do so, as it&...Read More
NORTHWEST TERRITORIES - Toronto-based Nighthawk Gold completed almost 16,000 metres of drilling this summer at its Colomac gold project 220 km northwest of Yellowknife in the Indin Lake greenstone belt. The company says it continues to intersect broad zones of mineralization with higher grade centres.This year rather than focus on the northern half of the sill, Nighthawk tested several prospective...Read More
YOKOHAMA, Japan (Reuters) - Nissan Motor Co (7201.T) Chairman Carlos Ghosn was arrested on Monday for alleged financial misconduct and will be fired from the board this week, a dramatic fall for a leader hailed for rescuing the Japanese carmaker from close to bankruptcy.Ghosn is also chairman and chief executive of Nissan’s French partner Renault (RENA.PA) and his departure will raise questi...Read More
NEW YORK (Reuters) - U.S. stocks tumbled on Monday, with the S&P 500 and Dow Jones industrial Average shedding about 2 percent and the Nasdaq down more than 3 percent.A slide in Apple’s shares to their lowest since July 6 battered the technology sector on concerns about iPhone demand, with mixed signals over the state of play between the United States and China on their trade dispute add...Read More
WASHINGTON (Reuters) - Federal Reserve governor Randal Quarles is to become the new head of the Financial Stability Board, the international body that helps monitor and safeguard financial stability globally, two people familiar with the process said.He will replace Mark Carney, the Bank of England governor whose term ends this year. Klaas Knot, president of the Dutch Central Bank, is expected to...Read More
(Reuters) - President Donald Trump’s appointment of Matthew Whitaker as acting U.S. attorney general on Nov. 7 drew another legal challenge on Monday, this time by three Democratic senators.Senators Richard Blumenthal, Sheldon Whitehouse and Mazie Hirono sued Whitaker and Trump, asking for a court order stating the appointment violated the U.S. Constitution by denying the Senate its right to...Read More
YUKON - ATAC Resources of Vancouver continues to drill on that part of the Rackla gold project not optioned to Barrick, and has made high grade gold discovery at surface at the Osiris property.Two rotary air blast (RAB) holes 1,000 metres southwest of the Conrad zone and 800 metres east of the Ibis zone returned 1.5 metres of 3.05 g/t gold and 6.1 metres of 3.39 g/t.Step-out drilling at the Osiris...Read More
YUKON - Vancouver-based Golden Predator Mining reports that it has discovered an important new style of disseminated gold mineralization in the Sprogge area of its 3 Aces project. This is a potentially large gold bearing intrusive system not previous known at 3 Aces.A total of 27 shallow diamond drill holes tested six zones within a 1.4 by 1.0 km at Sprogge, and will be followed up next year. The...Read More
The WSJ is the latest media outlet to report on leadership trouble at FBThe shares of Facebook, Inc. (NASDAQ:FB) are down 5.8% today to trade at $131.40, fresh off a 22-month low of $131.27. In addition to a broader FAANG stock sell-off, the social media name could be reacting to another PR disaster, with the Wall Street Journal the latest media outlet to weigh in on CEO Mark Zuckerberg's leadersh...Read More
Friday's trading session was mixed, as investors continued to hesitate following the recent decline. The S&P 500 index extends its month-long fluctuations along the level of 2,700. Is this some medium-term bottoming pattern?The U.S. stock market indexes were mixed between -0.2% and +0.5% on Friday, extending their short-term fluctuations, as investors continued to hesitate following last week'...Read More
Gold futures settled at a more than one-week high on Monday, with geopolitical uncertainty helping the precious metal tally a fourth straight session gain. "The fact that investors have revisited gold as a major safe haven will keep it to top of mind as the year ends," said Alfonso Esparza, senior market analyst at Oanda. "The U.S. dollar has appreciated against all major pairs year to date but as...Read More
Superior Gold (TSXV: SGI; US-OTC: SUPGF) has announced results for 9,700 metres drilled across 51 holes aimed at expanding the reserves and resources at the Indian zone on its 100% owned Plutonic gold mine in Western Australia.The company currently has three diamond drills operating underground at the project. It has focused two on grade control and infill drilling and the third on resource and r...Read More