General Electric stock fell to a new nine-year low out of the gateThe hits keep coming for General Electric Company (NYSE:GE), which saw its price target slashed to $6 from $10 at J.P. Morgan Securities -- the lowest on Wall Street, and a 34% discount to last night's close. This comes in response to GE's dismal third-quarter earnings report from late October, which the brokerage firm said signaled...Read More
WASHINGTON (Reuters) - Randal Quarles, head of supervision at the Federal Reserve, said on Friday the central bank would re-propose aspects of a capital rule known as the “stress capital buffer” due to industry concerns.Speaking at a conference in Washington, Quarles said the regulator should also ease a key element of its annual stress tests that allows the regulator to fail firms on...Read More
WASHINGTON (Reuters) - The U.S. Department of Justice has moved to sharply curtail federal authority aimed at curtailing abuse and civil rights violations at local police departments across the country by directing U.S. attorneys to limit the use of consent decrees and settlement agreements.Attorney General Jeff Sessions, in one of his final acts before President Donald Trump ousted him, said the...Read More
Mr. Rudi Fronk reportsSEABRIDGE GOLD SECURES $14.0 MILLION PRIVATE PLACEMENTSeabridge Gold Inc. has secured a non-brokered private placement of one million common shares of the company at a price of $14 per share for gross proceeds of $14-million. No commissions are payable on this transaction. The proceeds from the financing will be used to finance general working capital requirements and a 2019...Read More
ROME/HELSINKI (Reuters) - Italy stood by the main pillars of its 2019 budget on Friday, as a deadline neared for it to change what Brussels called overly optimistic economic assumptions or face penalties for breaking EU fiscal rules.Deputy Prime Minister Luigi Di Maio and Economy Minister Giovanni Tria said they were committed to respecting a maximum budget deficit of 2.4 percent of economic outpu...Read More
(Reuters) - U.S. stocks were set to fall at the open on Friday, as a batch of weak Chinese data raised concerns about global growth a day after the Federal Reserve hinted at gradual tightening of borrowing costs.The news gave investors a reason to keep away from riskier assets, with worries about rising interest rates and effects of the U.S.-China trade war taking the shine off a decade-long bull...Read More
The Dow isset to snap a four-day winning streakDespite well-received earnings for Walt Disney (DIS), futures on the Dow Jones Industrial Average (DJI) are lower to finish the week. The index is set to snap a four-day winning streak, as oil prices wade deeper into bear market territory. At last check, December-dated crude futures were down $1, or 1.7%, at $59.64 per barrel. S&P 500 Index (SPX)...Read More
ALB stock is trading above its 50-day moving averageAlbemarle Corporation (NYSE:ALB) just announced it's postponing two lithium production projects in Chile, and brokerage firm Berenberg responded by lowering its price target on ALB stock to $130 from $150. This still represents major upside -- nearly 23% to be exact -- from the shares' Thursday closing price of $105.87.Looking back further, the e...Read More
JOHANNESBURG - Gold Fields said on Friday third quarter production was down 3 percent, with its last South African asset, South Deep, weighing on total output.Gold production for the quarter ended Sept. 30 from continuing operations dropped to 533,000 ounces from 552,000 in the same period last year, with the struggling mine producing 50,000 ounces during the quarter.South Deep has faced numerous...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
Mr. Eric Edwards reportsTRIMETALS MINING PROVIDES UPDATE ON BOLIVIAN ARBITRATION Trimetals Mining Inc. has received correspondence from the Permanent Court of Arbitration advising that the arbitration tribunal will issue the arbitration award on a date prior to the end of November, 2018.© 2018 Canjex Publishing Ltd. All rights reserved.Read More
The U.S.Midterm Election ending without any surprises, and had stock prices soaringhigher on Wednesday, while gold was essentially unchanged. With equitiesbeing bid higher, gold is losing an important safety-related support with thereturn of “risk-on” among equity investors. Although theexpected results saw just a 0.12% lift in gold, the GDX sold off into the closeas most traders...Read More
MUMBAI/BENGALURU - Demand for physical gold gathered steam during a key festival week, shrugging off a recent downtrend going into the traditional busy wedding season, while other major Asian hubs saw limited activity.India, the second biggest bullion consumer after China, celebrated the Dhanteras and Diwali festivals this week, when buying gold is considered auspicious."We were initially skeptica...Read More
(Kitco News) - Gold andsilver prices aresolidly lower in early U.S. trading Friday. Bearish outside market forces areworking against the precious metals markets today, as the crude oil market iscareening lower and the U.S. dollar index is not far below last week’s 16-monthhigh. Gold prices hit a four-week low overnight, while silver dropped to asix-week low. December gold futures were last...Read More
Gold has come under pressure thelast few days, but from a long-term perspective, the pattern has held up andall signs point to higher prices. We can look at the trade in gold a couple ofways -- we can panic because it's down 2% from its recent highs or rejoice thatit's still 5% higher than the lows.In other words, is the glass halfempty or half full? We will choose to look at the glass half full....Read More
(Kitco News)- Goldprices remain under pressure, and are trading at session lows after producerprice inflation came in much hotter than expected last month.Friday,the U.S. Labor Department said its Producer Price Index (PPI) rose 0.6% in Octoberfollowing an increase of 0.2% in September; the data was stronger than expectedwith economists' forecasting an increase of 0.2%.CorePPI, which strips out vo...Read More
Could this be 9 times more valuable than Google, Facebook, and Amazon combined?It's a gadget you could conceal in the palm of your hand. A gadget that could easily pass through airport security. A gadget that could be mass produced quickly.And a gadget that holds the technology set to blow the lid off a breakthrough $15 trillion tech revolution...Of course, this gadget could stand to make a lot of...Read More
Gold spot ($) The downside prevails. Stay on top of the markets with Swissquote’s News & Analysis Pivot (invalidation): 1224.00 Our preference Short positions below 1224.00 with targets at 1212.00 & 1209.00 in extension. Alternative scenarioAbove 1224.00 look for further upside with 1227.00 & 1230.00 as targets. Comment The RSI advocates for further decline. Silver s...Read More
PretiumResources Inc. (TSX, NYSE: PVG), which operates the Brucejack Mine in BritishColumbia that began commercial production in July 2017, reports adjustedearnings rose to $26.3 million, or 14 cents per share, in the third quarter, upfrom $14 million, or 8 cents, in the same period a year ago. Net earnings were$10.7 million, or 6 cents per share, compared to a net loss of $7 million, or 4cents, a...Read More
LONDON (Reuters) - Global stocks are on track for their biggest drop in two weeks while oil prices held near six-month lows on Friday as a confident U.S. central bank and weak Chinese data hit demand for risky assets.While the decision to hold interest rates by the U.S. Federal Reserve was anticipated by markets, some participants had expected a more cautious approach from the central bank after a...Read More