Commodities king Dennis Gartman says the crude crush is far from over.
That’s $10,000 with 15 zeroes after it. Scientists are interested in the metallic composition of the 16 Psyche asteroid.
Gold hit a six-week high on Monday, buoyed by disappointing U.S. jobs data on Friday that dimmed the prospects for an aggressive run of interest rate increases in the world’s biggest economy. U.S. job growth slowed in May and employment gains in the prior two months were not as strong as previously reported, suggesting the […]
That plain matte black PlayStation 4 you’ve got? It’s old hat. It’s not nearly gold enough. What…
On May 29, we issued an updated research report on the mining and equipment behemoth, Caterpillar Inc. (CAT).
Gold hit its highest since May 1 on Friday at $1,269.50 an ounce, as nervousness over U.S. President Donald Trump’s negotiations with other world leaders at the G7 summit prompted investors to buy bullion as an alternative to nominally higher-risk assets such as shares. Spot gold was up 0.1 percent at $1,267.74 an ounce at […]
CANBERRA, Australia (AP) — Iron ore mining magnate Andrew Forrest said Monday he was donating 400 million Australian dollars ($300 million) to charities in what has been described as a new record in Australian philanthropy.
U.S. technology and engineering conglomerate GE said on Saturday it had signed $15 billion of business deals with Saudi Arabia as part of the kingdom’s drive to diversify its economy beyond oil. It came as dozens of senior U.S. business executives met Saudi counterparts at a conference coinciding with the visit of President Donald Trump […]
JUNEAU, Alaska (AP) — In a sharp reversal, the U.S. Environmental Protection Agency has cleared a way for a company to seek permits to develop a massive copper and gold deposit near the headwaters of a world-class salmon fishery in southwest Alaska.
This little known junior explorer has managed to land the type of massive exploration concession normally reserved for major miners, and it is taking advantage of it
As the earnings season wraps up for North American gold miners, the biggest surprise has been out-sized market reactions, with Kinross Gold Corp. surging the most in almost a year and Barrick Gold Corp. tumbling. Barrick, the world’s biggest bullion producer, lost 11 percent on April 25 in more than double average trading volume after missing analysts’ estimates […]
Three of the world's biggest miners are hunting for new leaders for their boards at a time when the industry faces questions from investors about its conventional diversified business operations and strategies for growth. BHP Billiton (BHP.AX) (BLT.L), Rio Tinto (RIO.AX) (RIO.L) and Anglo American (AAL.L), whose chairmen have all announced their intention to step […]
BSGR, which is controlled by Israeli billionaire businessman Beny Steinmetz, accused Soros and his controlled entities of manipulating the government of Guinea and elected officials and other misconduct to strip BSGR of mining contracts in Guinea in 2014. Israeli authorities put Steinmetz under house arrest on Dec. 19 after accusations that he paid tens of […]
Investors ducked for cover on Wednesday as a drumbeat of alarming geopolitical news sent the safe-haven yen and gold to five-month highs and yields on top-rated sovereign bonds to their lowest for the year so far. Japan's Nikkei (.N225) slid 1 percent in early trade, while MSCI's broadest index of Asia-Pacific shares outside Japan was […]
Safe-haven bonds and the yen jumped in Asia on Friday as stocks slipped after the United States launched cruise missiles against an air base in Syria, raising the risk of confrontation with Syrian backers Russia and Iran. The U.S. dollar dropped half a yen, while gold and oil prices rallied hard, though dealers said the […]
U.S. private equity firm Silver Lake Partners LP [SILAK.UL] and U.S. chipmaker Broadcom Ltd have offered Toshiba Corp about 2 trillion yen ($17.9 billion) for its chip unit, the Nikkei business daily reported on Friday. Suitors include Western Digital Corp which operates a chip plant with Toshiba in Japan, Micron Technology Inc, South Korean chipmaker […]
BlackRock Inc on Tuesday said it would overhaul its actively managed equities business, cutting jobs, dropping fees and relying more on computers to pick stocks in a move that highlights how difficult it has become for humans to beat the market. Last May, BlackRock said it had recruited Mark Wiseman, the head of Canada's biggest […]
Shares in Turkish state lender Halkbank plunged as much as 16 percent on Wednesday after U.S. prosecutors charged one of its senior executives with participating in a multi-year scheme to violate U.S. sanctions against Iran. Halkbank (HALKB.IS) confirmed Mehmet Hakan Atilla, its deputy general manager, had been detained in the United States and said it […]
U.S. President Donald Trump's administration has billed his move to re-open federal lands to new coal leases as a win for miners seeking to expand production. Trump will sign a decree on Tuesday to reverse former President Barack Obama's 2016 ban on new federal coal leases, part of a wide-ranging executive order to sweep away […]
If the U.S. healthcare legislation overhaul is not passed, or is postponed, it will put "a lot of doubt" on the "Trump trades," which include higher U.S. equities and bond yields, DoubleLine Capital Chief Executive Jeffrey Gundlach said on Wednesday. "Surveys show that people believe the (Obamacare) repeal is the most likely part of Trump’s […]
Asian stocks posted their biggest drop in two weeks on Wednesday as growing doubts about Donald Trump's economic growth agenda prompted investors to dump risky assets and rush to safe havens such as gold and government debt. "Asian stocks have had a good run so this is a good excuse to take some money off […]