As a general rule, the most successful man in life is the man who has the best informationA decision by the Chinese government to slash production of rare earth elements (REEs) has spooked customers of the materials used in everything from cell phones to electric vehicles to smart bombs. And for those who follow the rare earths market, it's like deja vu back to 2009, when China suddenly reduced it...Read More
(Kitco News) - Gold prices aremoderately lower in early-afternoon U.S. trading Monday. Some profit takingfrom the shorter-term futures traders is featured. The stronger U.S. dollar index today that is hovering near last week’s nine-week high also workedagainst the precious metals market bulls today. There is also less riskaversion in the marketplace early this week as world stock markets hav...Read More
(Kitco News) - Gold prices are moderately lower in early-afternoon U.S. trading Monday. Some profit taking from the shorter-term futures traders is featured. The stronger U.S. dollar index today that is hovering near last week’s nine-week high also worked against the precious metals market bulls today. There is also less risk aversion in the marketplace early this week as world stock markets...Read More
(Adds graphic, no change to text)By Richard LeongNEW YORK, Oct 29 (Reuters) - The increase in a key gauge of interbank borrowing costs for dollars slowed on Monday, while another measure of what banks borrow from each other remained elevated, raising speculation on what steps the Federal Reserve would take.The London interbank offered rate for banks to borrow three-month dollars from each other ro...Read More
NEW YORK (Reuters) - Former U.S. President Jimmy Carter waded into the heated governor’s race in his home state of Georgia on Monday, asking the Republican candidate to step down from his role as the state’s top elections official.Carter said he was concerned that popular confidence in Georgia’s gubernatorial election would be threatened if the candidate, Brian Kemp, were to rema...Read More
Shares in Horizonte Minerals saw their biggest one-day drop in over two years on Monday after the company said the nickel mine it plans to build will be less profitable than previous estimated.London-listed shares in the nickel development company closed 9.7 percent at 3.3 pence, its biggest one-day fall since June 2016. The stock is also listed in Toronto.The feasibility study on Monday showed th...Read More
U.S. cannabis producer Curaleaf Holdings Inc. started trading on the Canadian Securities Exchange Monday with a nearly $6-billion valuation, after completing a reverse takeover of Canada's Lead Ventures Inc. last week.Read full newsRead More
"The world's biggest emerald miner has found a gem that weighs more than 1.1 kilograms at its mine in #Zambia https://t.co/APBceSPNKD via @markets"Read full newsRead More
(Reuters) - U.S. stocks gained on Monday, helped by relief over Italy maintaining its debt rating, as equities clawed back from a sharp sell off last week.Financials .SPNY led broad gains among sectors as the benchmark S&P 500 rose more than 1 percent.Shares of software maker Red Hat Inc (RHT.N) gave among the biggest boosts to the S&P 500, surging 45.3 percent after the company agreed to...Read More
Merkel, 64, has been chairwoman of her conservative Christian Democrats (CDU) since 2000 and chancellor since 2005. Her decision to step down as chairwoman comes after her party suffered its second regional election setback in as many weeks.Merkel made the announcement a day after Sunday’s vote in the state of Hesse, at which the CDU came first but suffered a slump in support from the last e...Read More
Signature Resources Ltd. (TSXV:SGU, OTCQB:SGGTF) (Read full newsRead More
"On this day in 2010: Tesla opens first factory (a former GM-Toyota factory)Valuation (Oct 2010):GM: $46 billion Tesla: $1 billion Valuation (Oct 2018):Tesla: $56 billionGM:$46 billion"Read full newsRead More
"Enforcer Gold Announces Red Lake Property Acquisition, $1.5 Million Private Placement Financing and Concurrent 3:1 Share Consolidation @EnforcerGold https://t.co/l4YH5aWmdd"Read full newsRead More
LONDON (Reuters) - As global stock markets head for one of their worst months in a decade and bond market volatility surges to more than four-month highs, the stampede out of risk has left the foreign exchange market largely unmoved.Riskier currencies - from emerging markets or linked to commodity prices - have not suffered the sharp selloffs that would normally be expected when panicked investors...Read More
LONDON (Reuters) - Britain has raised its official forecast for economic growth in 2019 while the outlook for subsequent years was unchanged or slightly higher, finance minister Philip Hammond said on Monday as he outlined his annual budget.The country's official budget forecasters now expect gross domestic product will grow by 1.6 percent in 2019, compared with a forecast of 1.3 percent made in M...Read More
BEIJING, Oct 29 - Jiangxi Copper Co, one of China's leading copper producers, lifted third-quarter net profit by 2.3 percent year on year to its highest since 2014 as bumper treatment charges offset falling copper prices.The Nanchang-based company, which is still without a general manager after the departure of Wu Yuneng in July, earned net income of 767.3 million yuan ($110.31 million) in the thr...Read More
BEIJING, Oct 29 - Jiangxi Copper Co, one of China's leading copper producers, lifted third-quarter net profit by 2.3 percent year on year to its highest since 2014 as bumper treatment charges offset falling copper prices.The Nanchang-based company, which is still without a general manager after the departure of Wu Yuneng in July, earned net income of 767.3 million yuan ($110.31 million) in the thr...Read More
Booming FAANG stocks are lifting the S&P and NasdaqThe Dow Jones Industrial Average (DJI) is kicking off the new week with a bang, up more than 250 points at midday. Auto stocks in particular are booming today, thanks to a Bloomberg report that China is considering a significant cut in an auto tax. A big M&A announcement in the tech sector is stoking the bullish flames, too. As such, the S&P 50...Read More
HARARE, Oct 29 (Reuters) - Zimbabwe Lithium Company (ZLC) expects to complete a pilot plant and start production of lithium concentrates in the second quarter of 2019 after a legal dispute delayed work on the project, its chief executive said on Monday. ZLC expects to produce its first concentrates of 4,000 tonnes per month in the second quarter of next year.John McTaggart said ZLC was in discussi...Read More
Markets Gold and Oil Merkel US futures get week off to a positive start Risk appetite is gradually improving throughout the morning in Europe and the US is following in its lead with futures comfortably higher ahead of the open on Wall Street. I’m still far from confident that we’re through the other side of this particular storm and the coming week could be just as turbulent a...Read More