Recent News

Merkel has dominated European politics in 13 years as German leader

October 29, 2018 / www.kitco.com

BERLIN (Reuters) - Angela Merkel heralded on Monday the end of a 13-year era in which she has dominated German and European politics, saying she would not seek re-election as head of her ruling conservatives and that this would be her last term as chancellor.Merkel, 64, has been chairwoman of Germany's Christian Democrats (CDU) since 2000 and chancellor since 2005, making her one of the longest se...Read More

One "Backdoor" Stock for the Marijuana Boom

October 29, 2018 / www.schaeffersresearch.com

This company could give savvy investors a "backdoor" to cash in on the $50 billion marijuana boom.Any investor interested in the opportunities in the marijuana industry need to get involved as soon as possible.Financial experts from all over the world agree: a marijuana boom is coming. To the tune of an estimated $50 billion.Anda little-known Canadian company might have just unlocked the key to pr...Read More

Barrick Continues Drilling on Coral Gold's Robertson Royalty

October 29, 2018 / www.stockwatch.com

Mr. David Wolfin reportsCORAL GOLD PROVIDES 3RD QUARTER 2018 EXPLORATION UPDATE ON ROBERTSONCoral Gold Resources Ltd. and Barrick Cortez Inc. have provided an update on their continuing work at the Robertson property in Nevada during the third quarter of 2018. The update includes the following: The Robertson Minex, PFS Engineering and Permitting Stage II AFE was approved. Work completed or in prog...Read More

Barrick Continues Drilling on Coral Gold's Robertson Royalty

October 29, 2018 / www.stockwatch.com

Mr. David Wolfin reportsCORAL GOLD PROVIDES 3RD QUARTER 2018 EXPLORATION UPDATE ON ROBERTSONCoral Gold Resources Ltd. and Barrick Cortez Inc. have provided an update on their continuing work at the Robertson property in Nevada during the third quarter of 2018. The update includes the following: The Robertson Minex, PFS Engineering and Permitting Stage II AFE was approved. Work completed or in prog...Read More

Pre-Earnings Facebook Bulls Bet Against the Odds

October 29, 2018 / www.schaeffersresearch.com

FB stock has a history of negative earnings reactionsFAANG earnings will wrap up this week when Apple (AAPL) unveils its quarterly results after the close on Thursday, Nov. 1. Ahead of this are earnings from Facebook, Inc. (NASDAQ:FB), with the social media giant set to report its third-quarter numbers after the close tomorrow, Oct. 30. FB stock was last seen trading up 1.2% at $147.06, and option...Read More

Metals Focus: Gold 'Relief Rally' Not Over But Headwinds Persist

October 29, 2018 / www.kitco.com

(Kitco News) - Theconsultancy Metals Focus says gold’s recent “relief rally” has more room to runand could carry the metal over $1,300 an ounce in the months ahead, yetanalysts also do not project a sustained rally over the next year due to anumber of potential headwinds.Spot gold hit a three-month high just below $1,242 an ounce Friday, continuing a rallyfrom a series of daily l...Read More

Metals Focus: Gold 'Relief Rally' Not Over But Headwinds Persist

October 29, 2018 / www.kitco.com

(Kitco News) - The consultancy Metals Focus says gold’s recent “relief rally” has more room to run and could carry the metal over $1,300 an ounce in the months ahead, yet analysts also do not project a sustained rally over the next year due to a number of potential headwinds.Spot gold hit a three-month high just below $1,242 an ounce Friday, continuing a rally from a series of da...Read More

Dollar up versus euro on Merkel exit news, U.S. data supports

October 29, 2018 / www.kitco.com

NEW YORK (Reuters) - The dollar edged higher against the euro, on Monday, close to a 10-week high hit last week, on news German Chancellor Angela Merkel would not seek re-election as head of her CDU party.More broadly, the dollar added to recent gains against other major currencies, supported by robust U.S. consumer spending data on Monday.Merkel said she would not seek re-election as party chairw...Read More

TREASURIES-Yields rise modestly as U.S. equities recover

October 29, 2018 / www.kitco.com

NEW YORK, Oct 29 (Reuters) - Yields on U.S. Treasury bonds rose modestly on Monday morning as Wall Street recovered from a dramatic sell-off last week that drove demand for the safe-haven debt.U.S. equities have been rocked in October as companies reported that tariffs, rising borrowing costs and a slowdown in China hurt earnings in the third quarter and are expected to do the same in the fourth.T...Read More

U.S. cannabis firm Curaleaf falls in Canada trading debut

October 29, 2018 / www.kitco.com

TORONTO (Reuters) - U.S. cannabis retailer Curaleaf Holdings Inc CURA.CD opened lower in its trading debut in Toronto on Monday after amassing $400 million in the biggest equity raising in Canada’s marijuana industry.Curaleaf opened at C$8.70 on the Canadian Securities Exchange (CSE), compared with the offer price of C$11.45, which was near the top end of a previously disclosed range of C$8....Read More

Eldorado Gold: A Troubling 3rd Quarter Results Review

October 29, 2018 / seekingalpha.com

The company produced an upgrade to 2018 gold production. This was the only good news in the report.I review the release's negative points.The company is playing fast and loose with the solvency issue.Eldorado gold (EGO) produced third quarter results on the 25th October and held its conference call on the 26th October. All information in this review comes from the release and the conference ca...Read More

2 Construction Stocks to Buy This Week

October 29, 2018 / www.schaeffersresearch.com

A look at the best stocks to own in November, historicallyIt's been a rough October for the stock market, with the S&P 500 on pace for its worst month since May 2010. However, if recent history is any indicator, a pair of construction & materials stocks could be on the verge of a big November rebound: Vulcan Materials Company (NYSE:VMC) and A. O. Smith Corp (NYSE:AOS). Below we take a closer look...Read More

Ascot Resources completes Silver Coin property acquisition

October 29, 2018 / www.stockwatch.com

Mr. Derek White of Ascot reports ASCOT COMPLETES ACQUISITION OF THE ADJACENT SILVER COIN PROPERTY IN NORTHWESTERN BRITISH COLUMBIAAscot Resources Ltd.has completed the previously announced purchase of the Silver Coin propertylocated immediately adjacent to Ascot's Big Missouri project in northwestern British Columbia held by Jayden Resources Inc. and Mountain Boy Minerals Ltd. Derek White, presid...Read More

Ascot Resources completes Silver Coin property acquisition

October 29, 2018 / www.stockwatch.com

Mr. Derek White of Ascot reports ASCOT COMPLETES ACQUISITION OF THE ADJACENT SILVER COIN PROPERTY IN NORTHWESTERN BRITISH COLUMBIAAscot Resources Ltd.has completed the previously announced purchase of the Silver Coin propertylocated immediately adjacent to Ascot's Big Missouri project in northwestern British Columbia held by Jayden Resources Inc. and Mountain Boy Minerals Ltd. Derek White, presid...Read More

Fed's Evans does not comment on economic, policy outlook

October 29, 2018 / www.kitco.com

Oct 29 (Reuters) - Chicago Federal Reserve Bank President Charles Evans on Monday did not touch on monetary policy or the U.S. economic outlook in prepared remarks to an annual summit on regional competitiveness in Chicago, in which he called for local leaders to expand work opportunities amid a tight labor market. (Writing by Ann Saphir Editing by Chizu Nomiyama) Disclaimer: The views expressed...Read More

Rio Tinto sees new-style partnerships as the future

October 29, 2018 / www.mining.com

LONDON, Oct 29 (Reuters) - Mining companies must forge new ties with partners from customers to governments as they pursue innovation and compete for talent with technology giants, Rio Tinto's chief executive said in a speech to be delivered on Tuesday.The mining industry has recovered from the deep commodity crash of 2015-16, but faces headwinds from U.S.-China trade tensions, which have dented t...Read More

Rio Tinto sees new-style partnerships as the future

October 29, 2018 / www.mining.com

LONDON, Oct 29 (Reuters) - Mining companies must forge new ties with partners from customers to governments as they pursue innovation and compete for talent with technology giants, Rio Tinto's chief executive said in a speech to be delivered on Tuesday.The mining industry has recovered from the deep commodity crash of 2015-16, but faces headwinds from U.S.-China trade tensions, which have dented t...Read More

Rio Tinto sees new-style partnerships as the future

October 29, 2018 / www.mining.com

LONDON, Oct 29 (Reuters) - Mining companies must forge new ties with partners from customers to governments as they pursue innovation and compete for talent with technology giants, Rio Tinto's chief executive said in a speech to be delivered on Tuesday.The mining industry has recovered from the deep commodity crash of 2015-16, but faces headwinds from U.S.-China trade tensions, which have dented t...Read More

Signs of the times. #merkel

October 29, 2018 / twitter.com

"Merkel To Step Down As CDU Leader After Disastrous Election Results https://t.co/9C9m1a2oSW"Read full newsRead More

Rio says Chinalco pact for $1B Simandou stake has lapsed

October 29, 2018 / www.mining.com

Rio Tinto Group, the world's second-biggest miner, said a pact to offload its stake in the $20 billion Simandou iron ore project in Guinea to its Chinese partner, Aluminum Corp. of China, has lapsed. Rio holds about 45% of the project, while Chinalco has about 40 percent and Guinea's government owns a 15 percent stakeThe parties had struck a non-binding agreement two years ago, when Rio said it c...Read More

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