(Kitco News) - The “proverbial perfect storm” of underperformance in the natural resource sector peaked in the third quarter, with the market now looking historically attractive, according to investment management firm VanEck.“Whether it be the concerns around … trade-war-induced slowdown in global growth and associated metals weakness …, [or] presumed dilutive acqu...Read More
SHANGHAI (Reuters) - The U.S.-China trade war is the “most stupid thing in this world,” Jack Ma, the chief of Asia’s most valuable public company, Alibaba Group Holding Ltd (BABA.N), said on Monday.The two countries have set tariffs on hundreds of billions of dollars of each other’s goods and U.S. President Donald Trump has threatened to slap tariffs on the remainder of Chi...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump said on Monday that China has hurt the United States economically but was ready to make a deal on trade and he was open to a fair agreement.“We’ve tariffed $250 billion, taxed them, of their product coming into the United States and we have plenty more to go, but they want to make a deal and if we can make the right deal, a deal that&r...Read More
SEATTLE - As the commercial fishermen who ply salmon-rich, southwestern Alaska pack away their fishing gear for the winter, many are watching anxiously as a controversial mine proposal moves through the federal permitting process.On Tuesday, Alaskans will vote on an initiative that, if passed, would set stricter regulations for proposed infrastructure projects that affect salmon habitats.Advocates...Read More
SEATTLE - As the commercial fishermen who ply salmon-rich, southwestern Alaska pack away their fishing gear for the winter, many are watching anxiously as a controversial mine proposal moves through the federal permitting process.On Tuesday, Alaskans will vote on an initiative that, if passed, would set stricter regulations for proposed infrastructure projects that affect salmon habitats.Advocates...Read More
SEATTLE - As the commercial fishermen who ply salmon-rich, southwestern Alaska pack away their fishing gear for the winter, many are watching anxiously as a controversial mine proposal moves through the federal permitting process.On Tuesday, Alaskans will vote on an initiative that, if passed, would set stricter regulations for proposed infrastructure projects that affect salmon habitats.Advocates...Read More
(Reuters) - Amazon.com Inc (AMZN.O) said on Monday it would offer free shipping with no purchase minimum for the first time this holiday season, heating up the competition with Walmart Inc (WMT.N) and other rivals vying for customers’ Christmas shopping sprees.The U.S.-only promotion, effective from Nov. 5, waives the $25 minimum that customers outside Amazon’s loyalty club Prime must...Read More
WASHINGTON (Reuters) - The United States reimposes oil and financial sanctions against Iran on Monday, significantly turning up the pressure on Tehran in order to curb its missile and nuclear programs and counter its growing military and political influence in the Middle East.The move will restore U.S. sanctions that were lifted under a 2015 nuclear deal negotiated by the administration of Preside...Read More
The Dow is higher with Chevron, howeverAhead of midterm elections, U.S. stocks are trading mixed at midday. Specifically, the S&P 500 Index (SPX) is modestly higher, while the Dow Jones Industrial Average (DJI) is up triple digits, with outperforming Chevron (CVX) leading the surge. On the flip side, the Nasdaq Composite (IXIC) is in the red, as FAANG stocks tumble. Amazon (AMZN), Facebook (...Read More
(Kitco News)- While the world continues toreact to the election of Brazilian populist president Jair Bolsonaro, somegovernment officials don’t expect this to have much impact on the nation’s planto develop its national resource.In an exclusive interview withKitco News ahead of the October runoff election, Pedro Bruno Barros De Souza,secretary of public policy coordination, said that th...Read More
Options bears have been loading up on puts ahead of Match Group's third-quarter resultsAs earnings season chugs along, dating app service Match Group Inc (NASDAQ:MTCH) is set to release its third-quarter report after the market closes this Tuesday, Nov. 6. Ahead of the event, the stock is down 2.3% today to trade at $50.98, despite receiving a price-target hike to $61 from $56 at Deutsche Bank. M...Read More
(Kitco News) - While the world continues to react to the election of Brazilian populist president Jair Bolsonaro, some government officials don’t expect this to have much impact on the nation’s plan to develop its national resource.In an exclusive interview with Kitco News ahead of the October runoff election, Pedro Bruno Barros De Souza, secretary of public policy coordination, said t...Read More
The Gold Forecaster index predicts the price of gold.The index is comprised of economic indicators that are bullish gold.The index looks at the change in sentiment.Price movements in gold are predicted 1-year upfront.I created my Correlation Economics website back in 2011 to gather a huge database of economic indicators. This is what they call "data mining". By amassing large data sets, you can fi...Read More
LOS CEDROS, Ecuador, Nov 5 - Ecuador is facing a lawsuit this week for giving mining companies exploration rights to a protected forest in one of the country's most biodiverse regions without local consultation.Brought by the local Cotacachi government, the lawsuit requests the regional court place an injunction on all mining activity within Los Cedros in the Intag Valley, a lush area of rivers an...Read More
What is the outlook for gold? Risk Warning for Financial Promotions Hantec Markets' various market reports and commentary are issued by Hantec Markets Limited, who is authorised and regulated by the Financial Conduct Authority (FCA) in the UK, No. 502635. The reports are prepared and distributed for information purposes only. Trading in Foreign Exchange (FX), Bullion and Contr...Read More
TOKYO (Reuters) - SoftBank Group Corp (9984.T) CEO Masayoshi Son on Monday condemned the killing of a journalist by Saudi security personnel, and said his firm must carry out its responsibility to the kingdom’s citizens whose money is invested in its Vision Fund.Saudi Arabia is the largest investor in the fund which was launched last year with over $90 billion in capital, giving Son firepowe...Read More
HARARE, Nov 5 - Zimbabwe will announce in two weeks the successful bidders for assets owned by state-owned mining company ZMDC, including gold mines, the mines minister said on Monday, adding more companies would be put on sale at the end of November.Selling struggling state-owned companies, known locally as parastatals, is part of President Emmerson Mnangagwa's wider reforms to cut government exp...Read More
HARARE, Nov 5 - Zimbabwe will announce in two weeks the successful bidders for assets owned by state-owned mining company ZMDC, including gold mines, the mines minister said on Monday, adding more companies would be put on sale at the end of November.Selling struggling state-owned companies, known locally as parastatals, is part of President Emmerson Mnangagwa's wider reforms to cut government exp...Read More
Mr. Darrell Rader reportsMINAURUM DISCOVERS 3 KM-LONG VEIN AT ALAMOS RETURNING UP TO 1995 G/T SILVER AND 2.46% COPPER; PROVIDES DRILLING UPDATEMinaurum Gold Inc. has discovered two new vein zones, the San Jose and the Santa Rosa, through its continuing district-scale reconnaissance program. San Jose returned assays ranging from anomalous up to 1,995 grams per tonne silver, 2.46 per cent copper and...Read More
Mr. Darrell Rader reportsMINAURUM DISCOVERS 3 KM-LONG VEIN AT ALAMOS RETURNING UP TO 1995 G/T SILVER AND 2.46% COPPER; PROVIDES DRILLING UPDATEMinaurum Gold Inc. has discovered two new vein zones, the San Jose and the Santa Rosa, through its continuing district-scale reconnaissance program. San Jose returned assays ranging from anomalous up to 1,995 grams per tonne silver, 2.46 per cent copper and...Read More