(Kitco News)-Investors appear to be the clear winners in the ongoing fee waramong gold-backed exchange traded funds.This past month has been a milestone for two low-cost gold-backETFs. Last month, after celebrating its one-year anniversary, GraniteSharessaid its ETF (NYSE: BAR) has seen its assets under management surpass $350million.The ETF offers the lowest cost investment product in the goldmar...Read More
Today, Americans are choosing new members of Congress. Will there be a blue wave? Or maybe red? Some people say that hot economy will help Republicans – is that true? Let's read out today's article about the latest US nonfarm payrolls and find out how could they affect the mid-term elections and the gold market. Hourly Earnings Jump Above 3 Percent U.S. nonfarm payrolls accelerated i...Read More
Seequent, a developer of visual data science software and IMDEX, specializing in subsurface intelligence solutions, today announced an partnership to deliver a real-time 3D visualisation solution for the mining and exploration industry, aimed to improve the speed and accuracy of decision-making for drilling projects.Seequent and IMDEX are collaborating to integrate IMDEX HUB-IQ, which provides...Read More
WASHINGTON/ATLANTA (Reuters) - Problems with voting machines were preventing some Americans from casting ballots in a dozen states in Tuesday’s congressional elections, U.S. rights advocates said, following complaints about registration problems, faulty equipment and intimidation they have received throughout early balloting.Democrats and advocacy groups said they have been grappling with a...Read More
LONDON (Reuters) - Britain wants a Brexit agreement by the end of November and Prime Minister Theresa May would give a speech on Nov. 19 saying she had delivered on the referendum with a deal which brings the country back together, the BBC reported on Tuesday.However, a spokesman at May’s Downing Street office dismissed the report which outlines a detailed timetable in which the BBC cited a...Read More
Job openings edged lower in September to just over 7 million from a record 7.3 million the previous month.Vacancies remain well above the total level of 6.08 million workers counted as unemployed, according to the Labor Department's JOLTS survey.Jeff Cox| @JeffCoxCNBCcomPublished 10 Hours AgoUpdated8 Hours AgoCNBC.com show chapters September JOLTS report 7 million job openings ...Read More
ANKARA (Reuters) - President Tayyip Erdogan said on Tuesday Turkey would not abide by the renewed U.S. sanctions on Iran’s oil and shipping industries, adding that they were aimed at “unbalancing the world”.The comments came a day after Washington reimposed sanctions on Iran, abandoning a 2015 deal between world powers and Iran over its nuclear program. The U.S. measures temporar...Read More
AMD stock is also rallying todayTech stocks are boosting the broader stock market on Election Day. Among individual names making notable moves are chipmaker Advanced Micro Devices, Inc. (NASDAQ:AMD), and cybersecurity names Symantec Corporation (NASDAQ:SYMC) and FireEye Inc (NASDAQ:FEYE). Here's a quick look at what's moving shares of AMD, SYMC, and FEYE.AMD Stock Pops on EPYC Processor AWS Availa...Read More
Cowen cheered Calix's recent earnings reportThe shares of Calix Inc (NYSE:CALX) are up 23.6% to trade at $9.25, near the top of the New York Stock Exchange (NYSE) today. Powering the surge is the company's better-than-expected third-quarter earnings release, which came through last evening. Also helping is an upgrade out of Cowen to "outperform" from "market perform" anda price-target hike to $14...Read More
After the Democrats took control of the House in 2006, the housing ETF rocketed higherMidterm elections are taking place across the U.S. today, as you're likely well aware. Last week, we took a broader look at the impact of these mid-cycle votes on stocks. This week, with expectations calling for the House of Representatives to shift from red to blue, we'll take a look at which sectors won and los...Read More
WASHINGTON (Reuters) - Americans voted on Tuesday to decide whether Donald Trump’s Republicans maintain their grip on the U.S. Congress, or if Democrats can slow the president’s agenda after a divisive campaign marked by clashes over race, immigration and trade.The first national elections since Trump captured the White House in a stunning 2016 upset is a referendum on the polarizing p...Read More
NEW YORK, Nov 6 (Reuters) - U.S. Treasury yields briefly pared their rise on Tuesday following solid demand for a record amount of 10-year government notes, the second leg of this week's $83 billion quarterly refunding.At 1:22 p.m. (1822 GMT), the yield on benchmark 10-year Treasury notes was 3.212 percent, up 1.3 basis points from late on Monday. (Reporting by Richard Leong; Editing by Chris Rees...Read More
The amount of energy required to mine bitcoin, or digital gold as some proponents like to call it, is considerably higher than that of physical gold, a research study has found. In a research paper for The Nature International Journal of Science, Max Krause, a research engineer at the Oak Ridge Institute for Science and Education, and Thabet Tolaymat of the Environmental Protection Agency found t...Read More
Workday may have closed a contract with DisneyWorkday Inc (NASDAQ:WDAY) is trading up 3.8% today at $135.25, thanks to rumors the software company landed a few major contracts during the third quarter, including one with Walt Disney (DIS). While nothing will be confirmed until Workday reports earnings -- tentatively scheduled for later this month -- options traders are seemingly betting on more up...Read More
Gold futures ended Tuesday with a loss, at their lowest settlement in nearly a week, with traders focused on the outcome of Tuesday's midterm elections that will determine control of Congress. December gold GCZ8, -0.16% lost $6, or 0.5%, to settle at $1,226.30 an ounce on Comex. That was the lowest finish since Halloween. December silver SIZ8, -0.06% settled 14.7 cents, or 1%, lower at $14.50 an...Read More
CanmetMINING and COREM have signed a co-operation agreement to meet the needs of Canada's mining industry as it embraces innovation. The aim is to reduce the risks associated with adopting new technology that supports sustainability and competitiveness.The two hope to leverage their joint expertise and capability on projects of importance to the mining sector.CanmetMINING is part of Natural Res...Read More
NEW YORK (LPC) - Elon Musk's Space Exploration Technologies Corp, known as SpaceX, is looking to line up a $750 million leveraged loan, sources said.Bank of America Merrill Lynch is leading the transaction. A lenders presentation will be held by the SpaceX management team on November 7.SpaceX makes rockets and spacecraft. The company was founded by Elon Musk in 2002 as a way to help humans live on...Read More
Different ways the gold to silver ratio will affect precious metals.Inverse head and shoulders technical analysis of the gold to silver ratio.Future possibilities of the gold to silver ratios.The gold to silver ratio, or the number of ounces of silver required to purchase one ounce of gold, is within a window of approximately 6 to 9 months whereby it will either strongly confirm or strongly deny t...Read More
PARIS (Reuters) - The decline of diesel engines will support the growing use of aluminum in vehicles as the auto industry pursues lighter models to meet emissions targets, the head of aluminum parts maker Constellium (CSTM.N) said on Tuesday.As a lighter but costlier alternative to steel, aluminum has become a significant part of premium car models and efforts to bring electric-powered vehicles to...Read More
Nov 6 (Reuters) - Canada's main stock index rose on Tuesday, driven by gains in shares of healthcare and material companies.* Better results announced by drugmaker Bausch Health lifted healthcare stocks, while materials companies rose on the back of higher metal and gold prices.* At 9:36 a.m. ET (1436 GMT), the Toronto Stock Exchange's S&P/TSX Composite index was up 60.65 points, or 0.4 percen...Read More