Aston Bay Holdings (TSX-V: BAY) has just completed the transaction to acquire all of the issued and outstanding stock of Jack's Fork Exploration (JFE). The acquisition was completed by way of a reverse triangular merger of Blue Ridge Mining, a wholly owned subsidiary of the company, into JFE, resulting in JFE being renamed "Blue Ridge Mining" and becoming a direct and wholly-owned subsidiary of As...Read More
(Updates prices) * Gold edges down for a fifth straight session * Fed policy statement due at 1900 GMT * Platinum near more than 4-month highsBy Swati VermaBENGALURU, Nov 8 (Reuters) - Gold slid to a one-week low onThursday as the dollar firmed in the wake of the U.S. midtermelections, with market participants now awaiting clues on thepace of interest rate hikes from the U.S. Federal Reserve.The m...Read More
* Dollar extends recovery on post-election relief* China October copper imports fell, data shows (Recasts, adds detail, closing prices)By Maytaal AngelLONDON, Nov 8 (Reuters) - Copper steadied on Thursday astraders weighed an uptick in the dollar and a drop in China'simports of the metal against improved Chinese growth prospects.China, which consumes nearly half the world's copper,registered a 19...Read More
LONDON, Nov 8 (Reuters) - Credit rating agency Moody'swarned on Thursday that global economic growth was likely toslow in the next two years and that it expected the trade warbetween the United States and China to escalate further."We expect global growth to slow to under 3.0 percent in2019 and 2020, from an estimated 3.3 percent in 2017-18," theagency said in a new report.It added that...Read More
LONDON, Nov 8 (Reuters) - Italian government bond yieldsrose to a session high on Thursday, while the euro dipped afterthe European Commission cut Italy's growth forecast and said itanticipated a jump in the country's structural budget deficit.Italy's 10-year bond yield rose to 3.404 percent, up sixbasis points on the day . The euro turnednegative, slipping 0.1 percent to $1.1412 but remaining abo...Read More
Published 22 Hours AgoUpdated5 Hours AgoReuters Gold eased to a one-week low on Thursday, as a recovery in the dollar and improved appetite for riskier assets pushed investors away from bullion.Spot gold fell 0.13 percent to $1,224.09 per ounce, after touching its lowest since Nov. 1 at $1,219.59 earlier in the session.U.S. gold futures for December delivery settled down $3.60 at $1,225.10 per oun...Read More
Casa Berardi has record low costsCompany Website: http://www.hecla-mining.comCOEUR D'ALENE, Idaho -- (Business Wire)Hecla Mining Company (NYSE:HL) today announced third quarter financial and operating results.HIGHLIGHTSNet loss applicable to common shareholders of $23.3 million, or $0.05 per share on lower prices of all four metals.Cost of sales and other direct production costs and depreciation,...Read More
Gold is on the defensive, possibly due to gains in the greenback. The metal may suffer deeper losses below key rising trendline support. China trade data could influence the dollar index and gold. Gold is flashing red in Asia, possibly due to gains in the US dollar - gold's biggest nemesis. At press time, the yellow metal is trading at $1,225 - down 0.25 percent on the day - and the dollar i...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Stocks rallied Wednesday to close near their highs of the day after Democrats won back control of the House of Representatives for the first time since since 2010.Twilio Inc. (TWLO) jumped 36% after the cloud communications company topped third-quarter earnings forecasts and raised its sales guidance.Michael Kors Holdings Ltd....Read More
Gwen PrestonPosted Nov 7, 2018The following is an extract of The Maven Letter: October 31, 2018Zinc bucked the downtrend for metals last week by rising to a three-week high. The benchmark price on the London Metal Exchange (LME) was US$2,700 a tonne, rising 18% from a 22-month low in August, but still down significantly from the 52-week high of US$3,610.54 per tonne. (Click on images to enlarge)Th...Read More
The Wednesday Market Minute Global stocks build gains as polls project that Democrats will take control of the House of Representatives for the first time since 2010 while Republicans extend their Senate majority.U.S. dollar slides in overnight trading as "split" Congress suggests some of President Donald Trump's expansionary fiscal policies could be shut down by rival lawmakers.Asia stocks book...Read More
CloseGain/LossGold $1223.90-$2.40Silver$14.43-$0.13XAU65.39-0.30%HUI145.76-0.07%GDM536.92-0.35%JSE Gold1121.61+7.77USD96.68+0.56Euro113.61-0.81Yen87.97+0.70Oil$60.67-$1.0010-Year3.240%+0.018T-Bond137.25-0.125Dow26191.22+0.04%Nasdaq7530.88-0.53%S&P2806.83-0.25% The Metals: Gold dropped $6.10 to $1220.20 at about 8:45AM EST before it popped up to $1226.90 shortly after the...Read More
By RambusTonight I would like to update some of the charts we've been following for some of the SPX that had a wild October to say the least. For whatever reasons October has a lot of volatility which can lead to some important lows and in a few cases a crash which is rare. This past October shaped up similar to many of the previous Octobers we've seen since the bull market began in 2009.This we...Read More
As part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value to your own...Read More
US mid-term elections are behind us. Surprisingly, both parties won! How is it possible? Let's read our article and find out! We will also explain what the election results imply for the world and the gold market. Democrats Win The elections were very interesting. We provide you with the key takeaways, focusing on the possible implications for the precious metals. First, Democrats took control...Read More
In today's update we look at yet another 'Punch and Judy' American election farce which once again ignored the 'Elephant in the room' - the inevitable U.S. $121.7 trillion debt crisis and the coming global $250 trillion debt crisis.We briefly look at the outcome of the elections, how markets have reacted in the short term and more importantly the long term outlook for markets and the dollarWe ex...Read More
TOPICS IN THIS INTERVIEW:01:15 Crushed pensions and crushed millennials06:35 Working with Donald Trump, is the media accurate?10:30 Fake economy, fake wealth and fake assets14:15 The liability of overpriced real estate16:15 What happens when Mommy & Daddy lose their job and pension?17:35 Can being a millionaire make you happy?Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1...Read More
Axel Merk is the Founder, President, Portfolio Manager, and CIO at Merk Investments LLC. He is an expert on qualitative research and macroeconomic trends. Mr. Merk is also an expert on macro trends, hard money, international investing, and on building sustainable wealth, and he is a pioneer in the use of strategic currency investing to seek diversification. He is a speaker and author on topics ran...Read More
The races are so razer-thin showing that the nation is deeply divided that we are still waiting on some seats to be declared - namely three in the Senate. This is extremely Continue...Read More