USDX’s Friday’s close was its highest weekly closingprices of 2018. This is an extremely significant confirmation of the bullishoutlook for the US currency that followed the verification of the breakoutabove the inverse head-and-shoulders pattern. The implications are clearly bullishfor the US dollar. But are they clearly bearish for gold? The yellow metalended the week close to its Oc...Read More
WASHINGTON (Reuters) - Democrats rode a wave of dissatisfaction with President Donald Trump to win control of the U.S. House of Representatives on Tuesday, Fox News and NBC News projected, giving Democrats the opportunity to block Trump's agenda and open his administration to intense scrutiny.In midterm elections two years after he won the White House, Trump and his fellow Republicans were set to...Read More
(Kitco News)- B2Gold Corp. (TSX: BTO,NYSE American: BTG, NSX: B2G), which bills itself as the newest senior goldproducer, late Tuesday reported a sharply higher adjusted profit in the thirdquarter as output soared from a year ago after the opening of the Fekola Minein Mali in 2017.The company generatedadjusted net income of $45 million, or a nickel per share, compared to $14million, or a penny, a...Read More
(Kitco News)- Pan American Silver Corp.(Nasdaq: PAAS, TSX: PAAS), the world’s second-largest primary silver producer,late Tuesday reported that it flipped to a loss in the third quarter, hurt bylower metals prices and their impact on “net realizable value” inventory adjustments.The adjusted loss was listedat $4.7 million, or 3 cents per share, impacted by approximately $23.4 mill...Read More
(Kitco News)- IamgoldCorp. (TSX: IMG; NYSE: IAG) late Tuesday reported a loss for the third quarteras revenues came in lower than in the same period a year ago, with bothproduction and gold prices weaker but costs higher.Thecompany listed an adjusted net loss $6.9 million, or a penny per share,compared to adjusted net earnings of $33.7 million, or 7 cents, in the sameperiod of 2017. The net loss w...Read More
John Edmonds, 36, pleaded guilty to one count of commodities fraud and one count of conspiracy to commit wire fraud, price manipulation and spoofing.Edmonds, a 13-year J.P. Morgan veteran, said that he learned how to manipulate prices from more senior traders and that his supervisors at the firm knew of his actions.Hugh Son | Dan ManganPublished 4 Hours AgoUpdated4 Hours AgoCNBC.com Scott Mlyn...Read More
John Edmonds, 36, pleaded guilty to one count of commodities fraud and one count of conspiracy to commit wire fraud, price manipulation and spoofing.Edmonds, a 13-year J.P. Morgan veteran, said that he learned how to manipulate prices from more senior traders and that his supervisors at the firm knew of his actions.Hugh Son | Dan ManganPublished3:30PM ET Tue,6 Nov 2018Updated9 Hours AgoCNBC.com...Read More
CARACAS (Reuters) - Venezuela is seeking to repatriate about $550 million in gold bars from the Bank of England because of fears it could be caught up in international sanctions on the country, two sources with direct knowledge of the effort told Reuters.Source: ZeroHedgeVenezuela's hard currency holdings have dwindled as existing U.S. financial sanctions have effectively blocked President Nicol...Read More
COMEX FUTURES REPORT - Happy Kali PujaGold and silver should break free from the recent consolidation phase and form a new range. Copper and crude oil will be very volatile. I prefer to stay away from intraday trades in crude oil. No one knows what will be the effect on crude prices due to Iran sanctions. Risk traders should invest in crude oil for the year end with a stop loss below $58.30. T...Read More
Mr. Sean Roosen reportsOSISKO REPORTS THIRD QUARTER 2018 RESULTSOsisko Gold Royalties Ltd. has released its consolidated financial results for the third quarter ended Sept. 30, 2018, and provided an update on matters following quarter-end. HighlightsEarned 20,006 gold equivalent ounces1 ("GEOs"), for year to date total GEOs of 60,548. Total 2018 annual GEOs is forecast to be in-line with the previ...Read More
Mr. Sean Roosen reportsOSISKO DECLARES 17TH CONSECUTIVE QUARTERLY DIVIDENDOsisko Gold Royalties Ltd. will pay a fourth quarter 2018 dividend of five cents per common share. The dividend will be paid on Jan. 15, 2019, to shareholders of record as of the close of business on Dec. 31, 2018. For shareholders residing in the United States, the U.S.-dollar equivalent will be determined based on the dail...Read More
DUESSELDORF, Germany (Reuters) - Friedrich Merz, chairman of the German arm of BlackRock (BLK.N), the world’s biggest fund manager, said he had ordered the fund’s management board to fully investigate all incidents involving so-called cum ex transactions and cooperate with prosecutors.Merz spoke at a political event in the northwestern German city of Duesseldorf, hours after a source f...Read More
Gold is the metal of kings, the ultimate money, an eternal store of value, an untarnishable embodiment of beauty. Gold is all those things. But it is not the most valuable metal you can own on a cost-per-ounce basis. Often, platinum commands a higher price than gold. Lately, platinum has traded at an abnormally large discount to the yellow metal. Metals investors who want to hold the most concentr...Read More
Traders and market participants are quietly waiting to hear results from today's midterm elections. In possibly one of the most important midterm elections held in recent history, the net results could have a profound impact. This election will determine whether or not the current administration and the Republican-led House and Senate will continue to have total control resulting in the ability to...Read More
There were broad gains throughout the tech sectorU.S. stocks managed gains today, as Wall Street kept a close eye on the start of U.S. midterm elections. Powered by a rally in IBM shares, it was a steady climb higher for the Dow, with the index rallying into the close to grab a second straight win. The Nasdaq and S&P 500 also had solid sessions, thanks mostly to broad strength out of the tech sect...Read More
NEW YORK (Reuters) - Stock markets edged up on Tuesday, with trading thin in the United States, while the dollar and Treasury yields held steady as Americans went to the polls in pivotal midterm elections that could shift the balance of power in Congress.MSCI’s gauge of stocks across the globe .MIWD00000PUS gained 0.12 percent.The elections mark the first major test of President Donald Trump...Read More
(Reuters) - A U.S. federal judge ruled on Tuesday that chip seller Qualcomm Inc (QCOM.O) must license some of its technology to competitors such as Intel Corp (INTC.O).The preliminary ruling came in an antitrust lawsuit against Qualcomm brought by the U.S. Federal Trade Commission in early 2017 and that is scheduled to go to trial next year.The preliminary ruling by Judge Lucy Koh in the U.S. Dist...Read More
(Reuters) - American International Group Inc (AIG.N) is exiting business activities in Iran that came with a subsidiary it acquired and which now butt up against the sanctions against Iran that have been reimposed by the Trump administration, according to a filing.Validus Holdings Ltd, a Bermuda-based reinsurer that AIG acquired for $5.56 billion in July, is winding down insurance coverage it prov...Read More
NEW YORK (Reuters) - The dollar was essentially unchanged on Tuesday as Americans headed to the polls, its moves limited by investor caution about the U.S. midterm elections and any fallout for the world’s largest economy.The greenback has outperformed most major currencies this year, benefiting from the robust U.S. economy and rising interest rates. Investors are focused on whether congress...Read More
(Reuters) - Amazon.com Inc is planning to split its second headquarters evenly between two cities, people familiar with the matter said Monday, in a twist to a more than year-long contest that has drawn overtures from locales across North America.Dallas, Long Island City in New York and Arlington near Washington, D.C. are all among the finalists with which Amazon is holding advanced talks, one of...Read More