BOSTON (Reuters) - TIG Advisors on Wednesday said it has bought a piece of Canadian mortgage investor Romspen Investment Corporation, marking the first time it has taken a stake in another hedge fund.Romspen, a Toronto-based credit manager, invests C$2.5 billion in assets, providing first mortgage bridge lending to commercial real estate projects in North America.“We invested with Romspen be...Read More
"Richard Savage, CEO of Crystal Lake Mining Corp (TSXV: $CLM ) will be joiningDr. Peter Lightfoot to discuss their Ontario Nicobat property and their recent Newmont Lake acquisition in the Golden Triangle! --Watch it live from 1pm-3pm: https://t.co/zMRsGmZKG4"Read full newsRead More
NEW YORK (Reuters) - U.S. stocks rebounded for a second day on Wednesday, as investors snapped up beaten-down technology and internet favorites and strong company results lifted spirits after equities had been spooked this month.Shares of Facebook Inc (FB.O) gained 4.6 percent after the social media giant said margins would stop shrinking after 2019 as costs from scandals ease. [nL2N1XA27I]The S&a...Read More
LONDON (Reuters) - Prime Minster Theresa May’s spokesman declined to say whether an EU exit deal was expected by Nov. 21, as indicated in a letter by her Brexit minister Dominic Raab earlier on Wednesday, but said government was working to get a deal as soon as possible.Asked about Raab’s letter, the spokesman said: “I can’t go beyond repeating, as I have done many times, t...Read More
The world's fastest-growing vertically integrated global cannabis company could net investors a huge return in the months to come.The worldwide trend toward marijuana legalization has triggered a wave of growth opportunities for investors around the globe.Beyond the explosive Canadian market - this diversified cannabis operator maintains production, processing, and distribution facilities worldwid...Read More
(Kitco News) - Gold’s tight negative correlation with the U.S. dollar will help prices go higher within the next 12 months, according to Wells Fargo, which forecasts weaker greenback to come.“We see higher gold prices ahead as we expect commodity prices in general to increase and the U.S. dollar to weaken. Our rolling 12-month target price for gold remains $1,250 - $1,350 per ounce,&rd...Read More
(Kitco News) - Gold’s tight negative correlation with the U.S. dollar will help prices go higher within the next 12 months, according to Wells Fargo, which forecasts weaker greenback to come.“We see higher gold prices ahead as we expect commodity prices in general to increase and the U.S. dollar to weaken. Our rolling 12-month target price for gold remains $1,250 - $1,350 per ounce,&rd...Read More
MOSCOW, Oct 31 - Production at Russia's Norilsk Nickel (Nornickel) Bystrinsky copper project near the Chinese border surged in the third quarter, the company said on Wednesday, indicating that it was making progress fixing a problem with equipment.Nornickel, controlled by Russian billionaire Vladimir Potanin and aluminium giant Rusal, launched the mine a year ago with an aim to export its producti...Read More
MOSCOW, Oct 31 - Production at Russia's Norilsk Nickel (Nornickel) Bystrinsky copper project near the Chinese border surged in the third quarter, the company said on Wednesday, indicating that it was making progress fixing a problem with equipment.Nornickel, controlled by Russian billionaire Vladimir Potanin and aluminium giant Rusal, launched the mine a year ago with an aim to export its producti...Read More
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Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
LONDON/NEW YORK (Reuters) - Bitcoin, the world’s first and most famous cryptocurrency, celebrates its tenth birthday on Wednesday.Its emergence has spawned a multitude of other digital currencies, brought blockchain technology to global attention, and vexed regulators worried about its crime misuse and weakness to hacking.The following are some major milestones in bitcoin’s first decad...Read More
LONDON/NEW YORK (Reuters) - Bitcoin, the world’s first and most famous cryptocurrency, celebrates its tenth birthday on Wednesday.Its emergence has spawned a multitude of other digital currencies, brought blockchain technology to global attention, and vexed regulators worried about its crime misuse and weakness to hacking.The following are some major milestones in bitcoin’s first decad...Read More
LONDON (Reuters) - Bitcoin was heading toward a year-on-year loss on Wednesday, its 10th birthday, the first loss since last year’s bull market, when the original and biggest digital coin muscled its way to worldwide attention with months of frenzied buying.By 1300 GMT, bitcoin BTC=BTSP was trading at $6,263 on the BitStamp exchange, leaving investors who had bought it on Halloween 2017 fa...Read More
The cybersecurity firm posted impressive third-quarter earningsThe shares of FireEye Inc (NASDAQ:FEYE) are up 10.8% to trade at $18.88 -- headed toward their best day since May 2017 -- after the cybersecurity company reported third-quarter adjusted earnings of 6 cents per share on $211.65 million in revenue, more than analysts were expecting. The impressive results came as FireEye shifted to a sub...Read More
(All figures are in US dollars unless otherwise indicated) TORONTO, Oct. 30, 2018 /PRNewswire/ - New Gold Inc. ('New Gold' or the 'Company') (TSX:NGD) (NYSE American:NGD) today announces that it has completed the previously announced sale of the Mesquite Mine located in California to Equinox Gold Corp. for gross proceeds of $158 million, subject to certain post-closing adjustme...Read More
Inside the muted earnings of gold mining companies and its impact on related ETFs.Read full newsRead More
Ravenswood may not quite be a ghost town, but every year its population of 300 more than doubles for entirely ghoulish reasons. Far from beingRead full newsRead More
Arizona prospector John Waddell realizes he's lucky to be alive after surviving a days-long ordeal at the bottom of an old abandoned mine shaft in the desertRead full newsRead More
ZURICH (Reuters) - Rising global trade tensions could buffet the Swiss franc, Swiss National Bank Chairman Thomas Jordan warned on Wednesday, adding Switzerland would be among the countries hardest hit if full-scale trade war broke out.If higher tariffs made consumers and producers expect steadily rising prices, this could force central banks to tighten monetary policy to head off inflationary ris...Read More