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CANADA STOCKS-TSX slips as resource stocks retreat, pot stocks gain

1h reuters
TORONTO, Jan 16 (Reuters) - Canada’s main stock index edged lower in morning trading on Tuesday as gold miners weighed down heavyweight resource stocks amid a commodity price retreat, even as marijuana producers extended a recent rally. (111-0)

CANADA STOCKS-Gold miners and pot stocks push TSX higher

19h reuters
TORONTO, Jan 15 (Reuters) - Canada’s main stock index gained on Monday, boosted by a bounce-back in shares of cannabis producers and sharp gains for gold miners as bullion prices hit a four-month high. (96-0)

Osisko Intersects 2.65 g/t Au Over 70.1 Metres at Garrison

19h marketwired
TORONTO, ONTARIO--(Marketwired - Jan. 15, 2018) - Osisko Mining Inc. (TSX:OSK) ("Osisko" or the "Corporation") is pleased to announce new results from the 2017 drill program at its 100% owned Garrison gold project located in Garrison Township, Ontario. Over 85,000 metres of new drilling have been conducted by Osisko at the Garrison Project since its acquisition in late 2015. A total of fifty-four new intercepts in twenty-eight holes are reported in this release, with significant assay results presented in the table below. (30-0)

A Positive Weekly Chart For Gold Reminds Investors To Own Gold Mining Stocks

20h seekingalpha
The Comex gold futures contract has a positive weekly chart and is above its 200-week simple moving average, or ‘reversion to the mean’. (48-0)

Options Traders Expect Huge Moves in Barrick Gold (ABX) Stock

2018-01-15 zacks
Investors in Barrick Gold Corporation (ABX - Free Report)    need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 19th 2018 $3.0 Put had some of the highest implied volatility of all equity options today. (77-0)

CANADA STOCKS-Lumber and gold stocks boost TSX, offset drop in pot stocks

2018-01-12 reuters
TORONTO, Jan 12 (Reuters) - Canadian lumber companies and gold miners gained and the country’s biggest marijuana producers fell sharply on Friday, leaving the main Toronto equity index slightly higher on the day but down for the week. (51-1)

2 Gold Stocks With High Discretionary Cash And Greater Debt Capacity

2018-01-12 seekingalpha
Discretionary cash is critical to Barrick Gold and Kinross Gold to sustain their growth capex and debt capacity. (41-0)

Tanzania rules that Bharti Airtel operations were privatised illegally

2018-01-12 business-standard
A Tanzanian probe found that the local unit of Indian mobile-phone company Bharti Airtel Ltd was originally transferred from the state illegally and the government will start talks to retake what it says is its rightful share of the business. The investigation discovered that the initial privatization of Tanzania Telecommunications Corp. “broke the law, regulations and procedure,” according to a statement from President John Magufuli’s office that quoted Finance Minister Philip Mpango. (33-0)

Is Analyst Sentiment for Barrick Gold Turning Bearish?

In this series, we’ll discuss analyst ratings and recommendations for gold miners, starting with Barrick Gold. Of the 24 analysts covering Barrick Gold (ABX), only 29% have “buy” recommendations on the stock. Among the senior miner stocks (GDX), Barrick has the lowest percentage of “buy” recommendations. 63% of the analysts rate the stock as a “hold.” The remaining 8% recommend a “sell” for Barrick’s stock. (40-0)

Gold and Silver Retreat, Taking Down Miners and Funds

On Tuesday, January 9, 2018, the price of gold declined again. Gold futures for January expiration fell 0.52%, and gold ended the day at $1,311.70 per ounce. The RSI (relative strength index) level also fell with the decline in the price of gold. The RSI level was 86.3. (40-0)

Will Gold Move with US Interest Rates?

Though precious metal prices have been on an upswing over the past few weeks, the streak could end due to the increased probability of Fed rate hikes in 2018. Precious metals are highly reactive to fluctuations in US interest rates. The higher the interest rates on Treasuries, the lower the demand for non-yield-bearing assets like precious metals. If the Fed hikes rates soon, gold and silver could slide. (49-0)

CANADA STOCKS-TSX steady as energy stocks gain, materials fall

2018-01-09 reuters
TORONTO, Jan 9 (Reuters) - Canada’s main stock index ended flat on Tuesday, as shares of energy and marijuana producers rose and a real estate trust surged on a buyout offer, balancing a dip in the materials group which was pressured by a drop in gold prices. (96-0)

A Quick Look at the Technicals for Gold and Silver as 2018 Begins

Gold and silver rose marginally on Wednesday, January 3, 2018. Gold futures for January expiration reported a five-day price rise of 2.3%, and gold closed at $1,316.20 per ounce. This is the highest close for gold since mid-September 2017. (55-0)

Can Gold’s Safe-Haven Status Come into Play in 2018?

A few scattered protests in Iran on December 8 over the cost of eggs quickly escalated into a countrywide movement. Iranians are now protesting in large numbers, calling for an end to corruption, unemployment, high inflation, and oppressive government. (50-0)

Reading the Technical Details of Mining Shares in 2018

Precious metals, especially gold, reported a good 2017. However, the year was a roller coaster ride due to global political unrest. However, most miners did not report a substantial price rise. (53-0)