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When Norway decided a decade ago to pay Guyana, a small jungle-covered country in South America, to reduce its rate of deforestation, no one was sure how much effect the move would have. This type of international program -- money for forests -- has appeared in numerous forms since 2000, and is generally known by the acronym REDD+, standing for Reducing Emissions from Deforestation and Forest Degradation. Since forests are carbon sinks, owing to the process of photosynthesis, cutting down a tree is the equivalent of emitting harmful greenhouse gases.
Some of the top gold mining operations include companies like Barrick Gold Corp. (ABX) and Newmont Goldcorp Corp. (NEM). As represented by the VanEck Vectors Gold Miners ETF (GDX), gold stocks have dramatically outperformed the S&P 500, returning 42.6% in the trailing 12-month period as compared with 17.0% for the S&P. All figures are as of November 15, 2019. Here are the gold stocks in the S&P 500 with the lowest 12-month trailing price-to-earnings (P/E) ratio in the sector.
Investing.com – Gold was back on track to being a hedge to the trade war on Monday after talk of Beijing’s anxiety over President Donald Trump’s impeachment proceedings pricked the prospective U.S.-China trade bubble.
The GBP/USD is building a flag chart pattern (red/blue lines), which typically indicates continuation. What is the main target of the uptrend?
Barrick Gold has kicked off its asset disposal programme with the sale of a stake in one of Australia’s biggest gold mines. The Toronto-listed company has agreed to sell its 50 per cent share in the Kalgoorlie “super pit” to Saracen Mineral for $750m. Barrick is looking to sell non-core assets following a flurry of deals over the past year, including the $6bn purchase of Randgold Resources.
If Facebook’s Libra project truly aims to serve the globe’s 1.7 billion unbanked, Hong Kong-based Bitspark might offer some insights.
Based on the early price action and the current price at .6815, the direction of the AUD/USD the rest of the session on Monday is likely to be determined by trader reaction to the downtrending Gann angle at .6810.
The early price action on Monday suggests the downside momentum is building. This could lead to a test of the short-term 50% level at 97.630. Watch for a technical bounce on the first test of this level.
Based on the early price action and the current price at 108.815, the direction of the USD/JPY is likely to be determined by trader reaction to the minor pivot at 108.866.
Based on last week’s price action and the current price at .6400, the direction of the NZD/USD on Monday is likely to be determined by trader reaction to the short-term 50% level at .6394.
The Pound makes an early move, supported by the latest opinion polls. The ECB Financial Stability Review and Trade will also influence.
The U.S. stock markets at record highs and positive comments from U.S. officials that progress is being made on the “phase one” trade agreement with China are likely to continue to keep a lid on gold prices and could even drive prices through recent lows.
South African miner AngloGold Ashanti suspended its gold mining operations in Guinea after a community protested on its Siguiri mining site, its Guinea subsidiary Societe Aurifère de Guinee (SAG) said in a statement. SAG had to suspend its operations to safeguard its staff and property, the company said. "There is a tacit agreement between SAG and the villagers [...] to tar this road," resident Moussa Condé told Reuters by telephone.
Emmanuel Goh, CEO of skew.com, looks at the evolution of the crypto derivatives market, and what that says about the market overall.
Two more governments have taken action against entities in the Karatbars ecosystem over sales of a purportedly gold-backed cryptocurrency.
Bitcoin is at risk of another sell-off after its price fell beneath a key moving average on Nov. 15, while traditional markets hit record highs.
Gold markets went back and forth during the week, testing a crucial level underneath at the $1450 level. At this point, the market then bounced to show signs of life again.