The Dow and S&P also racked up big weekly lossesIt was a sharply lower session on Wall Street, with the Dow off more than 500 points at its intraday low. Negative FAANG earnings reactions from Amazon (AMZN) and Alphabet (GOOGL) sparked the heavy selling, and had the S&P 500 flirting with correction territory. While the major benchmarks came off their earlier lows by the close, they all ended the w...Read More
Ginger Zee joined the stars of the hit Discovery showRead full newsRead More
BUDAPEST (Reuters) - Thousands rallied in Budapest on Friday on behalf of a university founded by U.S. financier George Soros which says it is being forced out of Hungary by the nationalist government of Prime Minister Viktor Orban.Orban, who believes that European culture is under threat from migration and multiculturalism, has for years vilified the liberal Soros, who was born in Hungary and bac...Read More
PLANTATION, Fl. (Reuters) - FBI agents arrested a 56-year-old man in Florida on Friday suspected of sending more than a dozen parcel bombs to high-profile critics of U.S. President Donald Trump days ahead of congressional elections, authorities said.Agents who took Cesar Sayoc into custody in Plantation, near Fort Lauderdale, also hauled away a white van that was plastered with pro-Trump stickers,...Read More
"For those watching Gold today,if gold is to sustain,the 2nd shoe needs to drop & that means silver has to fess up..........& push over that resistance line."Read full newsRead More
NEW YORK (Reuters) - Stock markets around the world fell on Friday on track for the longest weekly losing streak since 2013 while U.S. Treasury prices rose along with demand for safer bets as better than expected U.S. economic data did little to assuage anxiety over disappointing corporate profits and trade wars.Wall Street fell after earnings reports from Amazon.com and Alphabet rekindled a rush...Read More
Trillion dollar bye bye...Read full newsRead More
BERLIN, Oct 26 (Reuters) - A majority of euro zone countries favour the single currency area adopting a fiscal capacity, or common budget, French Finance Minister Brune Le Maire said on Friday.“There is a real change in the eurogroup and within the EU. A clear majority now support such a capacity,” he said after meeting German Finance Minister Olaf Scholz in Berlin. “Call it a fi...Read More
NEW YORK (LPC) - Leveraged loans are standing out as the best-performing asset class in an otherwise brutal October as rising volatility in global equities has rippled across the capital markets. While investors pulled US$7.4m from loan funds in the week ending October 24, the first week of outflows in four months, the asset class has been largely unfazed by the risk-off sentiment created by t...Read More
WASHINGTON (Reuters) - U.S. Attorney General Jeff Sessions said on Friday that Cesar Sayoc, the suspect in a raft of suspicious packages sent to prominent Democrats and others, is in the custody of the FBI and has been charged with five federal crimes.Sayoc faces up to 58 years in prison if found guilty, Sessions said at a press conference announcing the charges.“We will not tolerate such la...Read More
(Kitco News)- The amount of gold transferred between accounts of London Bullion Market Association members was steady during September while the silver volume increased, the organization reported Friday.The LBMA releases clearing statistics each month showing the net volume of gold and silver transferred between accounts of members, essentially providing a snapshot of the amount of trading activit...Read More
"Crystal Lake Mining (CLM-V) -- Drilling Starts at Burgundy Ridge... DR. Peter Lightfoot quotes:Read full newsRead More
The gold rush is only four months old in Nathenje, Malawi, but already there are thousands of prospectors digging, shovelling and sifting soil in the age-old search for a nugget that will transform their lives.The miners -- many of them women -- head back down the deep holes dug on the riverbanks ofRead full newsRead More
Local authorities close down school in Kokoyah Reports emanating from the gold-rich area of Sayeweh Town in Kokoyah Statutory District in Bong County, say 19 students at the Sayeweh Town Public School are allegedly suffering from chemical waste infection reportedly dumped near the school by MNG-Gold. Administrators of the government-run elementary school, which is located...Read full newsRead More
Separately, the Company has agreed to grant Mineros an option to acquire up to a 51% interest in the La Pepa project, located in the Maricunga gold belt, Chile, over an earn in period of four years (subject to extension for certain unexpected contingencies), and then the remaining 49% interest pursuantRead full newsRead More
Colorado-based Newmont Mining Corp reported lower third-quarter profit and reven...Read full newsRead More
Ginger Zee joined the stars of the hit Discovery showRead full newsRead More
(Adds market reaction, background)WASHINGTON/BUENOS AIRES, Oct 26 (Reuters) - The International Monetary Fund on Friday increased the size of a standby financing agreement for Argentina to about $56.3 billion, closing a deal the country has said would come with tougher fiscal measures.Argentina's President Mauricio Macri agreed to a $50 billion IMF deal in June, hoping it would stop a run on the c...Read More
Mineros S.A. (BVC: MINEROS) has entered into a binding agreement with Yamana Gold (TSE: YRI) to acquire the Gualcamayo gold mine in Argentina, and has an earn-in agreement for the La Pepa gold exploration project in Chile.Gualcamayo is an established producing mine with a long operating history. The mine is on track to achieve Yamana's 2018 gold production guidance of 100,000 ounces.The Gualcamayo...Read More
Mineros S.A. (BVC: MINEROS) has entered into a binding agreement with Yamana Gold (TSE: YRI) to acquire the Gualcamayo gold mine in Argentina, and has an earn-in agreement for the La Pepa gold exploration project in Chile.Gualcamayo is an established producing mine with a long operating history. The mine is on track to achieve Yamana's 2018 gold production guidance of 100,000 ounces.The Gualcamayo...Read More