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South Africa’s Caster Semenya will face a tough decision if she chooses to compete at another international sports meet. New rules issued by the International Association of Athletics Federations (IAAF) state that female athletes with high levels of testosterone will be required to take medication to reduce and maintain lower levels of the hormone to…
(Reuters) - Canada's main index rose higher on Thursday as financial stocks were lifted by Bank of Canada chief's positive comments on the economy, while rising oil prices buoyed the energy sector. * At 9:38 a.m. ET (1338 GMT), the Toronto Stock Exchange's S&P/TSX Composite Index rose 34.42 points, or 0.22 percent, to 15,544.17. * Bank of Canada Chief Stephen Poloz on Wednesday said the economy was "finally positive" after a long adjustment to a sharp fall in oil prices.
Canada's main index rose higher on Thursday as financial stocks were lifted by Bank of Canada chief's positive comments on the economy, while rising oil prices buoyed the energy sector. * At 9:38 a.m. ET (1338 GMT), the Toronto Stock Exchange's S&P/TSX Composite Index rose 34.42 points, or 0.22 percent, to 15,544.17. * Bank of Canada Chief Stephen Poloz on Wednesday said the economy was "finally positive" after a long adjustment to a sharp fall in oil prices.
Every morning I wake up to the same routine. I log into the Tinder account of a 45-year-old man from Texas—a client. I flirt with every woman in his queue for 10 minutes, sending their photos and locations to a central database of potential “Opportunities.” For every phone number I get, I make $1.75. I’m…
Investors have been punishing Barrick Gold (ABX) and other gold miners for a long time due to their high debt, especially when precious metal prices (GLD) (SLV) were in a downslide. You might recall that Barrick, Newmont Mining (NEM), and Kinross Gold (KGC) invested heavily at the peak of the cycle. Most of those assets were subsequently written off due to poor economics, infrastructure issues, and weaker precious metal prices.
Gold is trading higher early Thursday in reaction to slight weakness in the U.S. Dollar. Short-covering in the Euro ahead of today’s European Central Bank interest rate decision and monetary policy announcement is helping to weaken the dollar. The ECB could fuel a rally in gold if its monetary policy announcement comes out on the hawkish side.
Seventy years ago, at the 1948 London Olympics, Fanny Blankers-Koen emerged as an unlikely athletic star. The six-foot-tall, 30-year-old Dutch track athlete and mother of two became the first woman ever to win four gold medals in a single Olympics. She also won the 200m by 0.7 second—the highest margin in Olympic 200m history and…
By Fergal Smith TORONTO (Reuters) - Canada's main stock index rose on Wednesday as higher oil prices boosted energy shares, offsetting investor worries about higher bond yields. The Toronto Stock Exchange's S&P/TSX composite index closed up 32.75 points, or 0.21 percent, at 15,509.75. Some investors have worried about the prospect of higher global borrowing costs after the U.S. 10-year Treasury note yield reached 3 percent on Tuesday for the first time in four years. The energy group rose 1.5 percent on Wednesday as oil prices climbed. U.S. crude oil futures settled 0. ...
Usually, precious metal mining companies follow precious metals. Precious metals have risen over the past few days, supporting mining companies.
In this part of our series, we’ll look at the correlation between gold and four mining stocks: B2Gold (BTG), Royal Gold (RGLD), New Gold (NGD), and Newmont Mining (NEM). Mining stocks mostly move with gold prices, but not always. Among these four miners, Newmont has shown the highest correlation with gold this year, while B2Gold has seen a negative correlation.
The last few days have been choppy for precious metals. On Monday, April 23, gold futures for April expiration fell 1.1% and closed at $1,322.50 per ounce. Its RSI (relative strength index) level fell to 45, and its implied volatility was 11.2%. Silver slumped more than gold, falling a whopping 3.4% and ending the day at $16.60 per ounce. The RSI for silver was 54.6, and its implied volatility was 20.2%.
Canada's main stock index edged lower on Wednesday, as worries over rising U.S. yields weighed on materials stocks. * At 9:47 a.m. ET , the Toronto Stock Exchange's S&P/TSX Composite Index fell 16.22 points, ...
Imagine for a moment that your workplace functioned with the same dynamics and incentives as a social network like Instagram. In that world, an ordinary act—let’s say submitting your expense report to your boss—would be met with some pretty extraordinary validation. Within seconds of hitting “Send,” you would receive dozens of comments from colleagues saying…
Production growth is an important variable for miners. Barrick Gold (ABX) produced ~1.1 million ounces of gold in 1Q18, which reflects a decline of ~20% YoY (year-over-year). Barrick Gold has maintained its production guidance of 4.5 million–5 million ounces of gold in 2018, which implies a decline of ~11% compared to actual production in 2017 as measured at the midpoint.
Global equities are becoming increasingly cautious as the U.S Dollar surge continues. US futures follow global sentiment, aiming for a lower opening.
Companies know by now that diversity in the boardroom leads to better decision making, and a business that’s more in touch with all of its potential customers. As a result, companies are charging headhunters with identifying women and people of color as potential board candidates. Progress on those fronts has been achingly slow. Even more…
Kyrgyz gold miner Kyrgyzaltyn has not yet seen or studied an offer by Chaarat Gold Holdings to take over the Kumtor gold mine, its deputy chief executive, Bektur Sagynov, said on Wednesday. Chaarat Gold on Tuesday made a proposal to buy Kyrgyzstan's largest gold mine, Kumtor, from Canada's Centerra Gold for an undisclosed cash sum, in a deal that would also involve Kyrgyz state firm Kyrgyzaltyn.
Gold prices are trading sharply lower early Wednesday and the market has nearly erased all of yesterday’s gains. All it took was a recovery in the U.S. Dollar and an upturn in U.S. stock index futures to attract sellers.
The U.S Dollar’s surge was halted on Tuesday as the Yen, Euro and Pound held their ground after three straight sessions of downward pressure in forex.
The divergence yesterday between WTI and Brent crude suggests the fundamental traders may be ahead of the market. This could also be a sign that a correction is coming.
Investing.com - Oil prices were flat on Wednesday morning in Asia after sliding below recent three-year highs, as rising U.S. crude inventories and production dragged on an otherwise bullish market.
Crude oil markets were very choppy during training on Tuesday, as we continue to grind overall. Ultimately, the market is testing the highs again, and that of course comes into play, but I think that we will continue to see a lot of headline risk when it comes to the crude oil markets.
Gold markets rallied a bit during the trading session on Tuesday, as the $1320 level continues to offer a bit of support. It looks as if we could try to grind higher from here, but it is going to take some work to build up the momentum necessary to go higher. I believe the pullbacks continue to be buying opportunities, as this is a market that has plenty of support underneath.