Although global stock markets had moderate gains today, U.S. equities were once again under dynamic pressure which resulted in a 600+ decline in the Dow Jones Industrial Average. The Dow lost 608 points (-2.41%) in trading and is currently fixed at 24,583.42. The NASDAQ composite also had substantial losses in trading today, and after giving up almost 4 1/2 %, today's 321-point decline takes the...Read More
Although global stock markets had moderate gains today, U.S. equities were once again under dynamic pressure which resulted in a 600+ decline in the Dow Jones Industrial Average. The Dow lost 608 points (-2.41%) in trading and is currently fixed at 24,583.42. The NASDAQ composite also had substantial losses in trading today, and after giving up almost 4 1/2 %, today's 321-point decline takes the...Read More
Volkswagen shares tumbled as much as 6% on Wednesday, after the President and CEO of Volkswagen China told Nikkei that the company will likely end the year with flat or lower sales volume in China compared to last yearRead full newsRead More
Evidence of a looming financial crisis may be growing, according to Harry Dent.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and China's recent stock market decline - years before they happened - has issued a new earth-shattering statement:"The Dow is set to embark on a catastrophic plunge...all the way down to 6,000."Harry Dent recently explained: "Nations are...Read More
"$CCW Canada Cobalt Works has a process (Re-20x) that could potentially extract #cobalt, #lithium and other #metals from phones and computers! Check them out today! #Mining #SmallCaps #Momentumstockshttps://t.co/uuBwoOMdkJhttps://t.co/MLyVUHMCTphttps://t.co/8NCcSFaxOC"Read full newsRead More
Learn what factors could drive the gold price over the next 12 months, and explore three gold ETF trading ideas.Read full newsRead More
A December rate hike is still on the table after the latest Beige Book reportStocks extended yesterday's sell-off, with major U.S. equity benchmarks closing deep in the red. Early enthusiasm over Boeing's (BA) post-earnings surge evaporated after disappointing housing data -- and selling intensified in the afternoon, as the Fed's Beige Book release appeared to bolster the case for a December rate...Read More
(Kitco News) - If the Fed continues to steadily raise interest rates higher, gold will replace U.S. Treasuries as the “ultimate risk-off asset,” according to the New York-based INTL FCStone.“If, as I expect, rates will go higher for longer, much higher for much longer, gold will replace Treasuries as the ultimate risk-off asset, and investors should own it as an insurance against...Read More
(Kitco News) - If the Fed continues to steadily raise interest rates higher, gold will replace U.S. Treasuries as the “ultimate risk-off asset,” according to the New York-based INTL FCStone.“If, as I expect, rates will go higher for longer, much higher for much longer, gold will replace Treasuries as the ultimate risk-off asset, and investors should own it as an insurance against...Read More
"We suggested Monday that Gold would have strong resistance at 1238-1242 on the charts & so far the pullback in $gold & the jump higher in USD seems due to Euro (50% USD INDEX). Down 150 pips in last 36 hrs. Odds high that Europe is where the Global Debt Implosion begins & spreads"Read full newsRead More
WASHINGTON, (Reuters) - U.S. factories have raised their prices because of tariffs, although inflation has appeared modest or moderate in most parts of the country, the Federal Reserve said on Wednesday in its latest report on the economy.The U.S. central bank also said in its latest “Beige Book” report that the economy appeared to be growing modestly to moderately and that businesses...Read More
Barrick Gold's acquisition of Randgold Resources will create the world's largest gold miner, but investors may be getting too excited, warns Macquarie.Read full newsRead More
The world's No. 4 iron ore miner Fortescue Metals on Thursday reported an 8.6 percent fall in first-quarter iron ore shipments as pollution curbs in China reduced demand for its lower grade ore.Fortescue shipped 40.2 million tonnes in the September quarter, down from 44 million tonnes a year ago, the company said in a statement.It maintained its fiscal 2019 production guidance at 165 million to 17...Read More
Investors removed an estimated $14.72 billion from hedge funds in September pushing Q3 net flows into negative territory with an estimated $5.71 billion leaving the industry in Q3, and year to date flows to unchanged.Read full newsRead More
"@TheBubbleBubble Just to confirm your statement -chart 1. The biggest bubble in your bubble-bubble (Gov Debt) is on the verge of popping (Chrt 2). People have forgotten the COST OF MONEY (borrowing) is single biggest driver of everything else. The coming rate rise will be FEAR driven not economic"Read full newsRead More
WASHINGTON (Reuters) - Medical treatment will be more widely available to opioid abusers while mailing illicit drugs will be more difficult under a measure to fight drug addiction that was signed into law on Wednesday by U.S. President Donald Trump.In a year more typically marked by partisan gridlock, Trump signed the rare bipartisan package passed by Congress earlier this month to tackle a proble...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday that threats of political violence have no place in the United States, promising a full investigation into suspicious packages that were mailed to prominent Democrats and others.“The full weight of our government is being deployed to conduct this investigation and bring those responsible for these despicable acts to justice...Read More
"Did you know that Canada Cobalt Works created a premium grade end product (cobalt sulphate) without a smelting process? Check them out now. #CCW $CCW @CanadaCobalt #Cobalt #Mining #CCW.V #TSXV #SmallCaps #batterymetalsRead more here: https://t.co/1aGISH81te"Read full newsRead More
LONDON (Reuters) - British Prime Minister Theresa May received a show of support from her Conservative Party on Wednesday at a meeting in parliament, shifting the focus away from talk of an imminent leadership challenge over her Brexit strategy.May has angered both supporters of Brexit and pro-EU lawmakers since failing to clinch a deal at an EU summit last week by raising the possibility of exten...Read More
(Kitco News)- There appears to be light at the end of the miningsector’s very long and very dark tunnel, according to one research firm.In an interviewwith Kitco News on the sidelines of the Mines and Money conference in Toronto,Michael Curran, managing director with Beacon Securities, said that his firm isstarting to see improving sentiment within the mining sector. “We are seeingjuni...Read More