Top Story
Fri 3:08 pm
U.S. stocks on pace for fourth week of gains; Dow up almost 17% so far this year
U.S. markets rose on Friday after positive economic reports that boosted investor sentiment to recover losses from the previous session, with benchmark indexes set to record their fourth straight week of gains and close at another set of record highs.
Breaking News
Friday, May 17, 4:24 pm
Tesoro gets approval for refinery purchase
International
Sun 6:47 pm
Dow Jones and S&P 500 continue record breaking run
Articles
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Gold prices on the Comex continued to slide Friday, with the yellow metal trading down for the seventh consecutive session, the commodity’s most protracted series of losses since early 2009. The most active market, gold for June delivery, dropped as low as $1357.60 per ounce in intraday trading, from an open of $1385.20, shedding almost two per cent.
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Notwithstanding the controversy, the IPO was the biggest in Internet history. Facebook raised $16 billion, also ranking it as the third highest IPO in U.S. history. It's a feat beyond what Zuckerberg, who claims he never wanted to actually run a company in the first place, ever dreamed.
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Canadian shares gained a second day as energy producers climbed after positive economic reports from the U.S., the country's largest trading partner, indicated economic growth is gaining momentum, outweighing declines in mining stocks. The resource-heavy benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) added 0.4 percent to 12,557.31 at 12:33 p.m. in Toronto on Friday. Nine of ten groups gained.
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Fri 10:17 am
Massive physical buying not enough to compensate for sizable net outflows from gold ETFs
The World Gold Council says in its most recent report that a global spike in gold jewelry buying over the first three months of the year was insufficient to compensate for sizable net outflows from gold exchange traded funds in the same period.
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Amid declining gold prices, several miners are struggling to keep costs down, but Sacre-Coeur Minerals (CVE:SCM) (OTC:SCRMF) is not one of them. The company boasts all-in cash production costs of less than $500 an ounce at its alluvial/elluvial operations in Guyana.
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Thu 6:02 pm
Bargains are on the way, says Rick Rule
If you think the pain in the resource sector is over, Rick Rule will gladly give you a reality check. But, the chairman of Sprott U.S. Holdings says being brash in a bear market where there is no competition will pay off.
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Thu 1:56 pm
Pressure BioSciences rallies on potential new method for screening GI system using core PCT technology
Pressure BioSciences, (OTCQB: PBIO), a company focused on developing its pressure cycling technology (PCT), says that researchers at Harvard Medical School have published a scientific paper describing a non-invasive method that could potentially screen for multiple diseases by gaining information about the gastrointestinal (GI) system using PCT and certain chemicals.
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Thu 11:52 am
Sunridge Gold succeeds in lowering capex at Asmara project, production fast-tracked by almost a year
Sunridge Gold Corp. (CVE:SGC)(OTCQX:SGCNF) has done exactly what it set out to do last year in releasing a feasibility study for its Asmara project in Eritrea that minimizes the capital exposure in a challenging time for Canadian juniors, with the company now having a plan to start initial production almost one year earlier than the preliminary report.
Breaking News
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Fri 3:24 pmOtis Gold's CEO buys company shares -
Fri 2:50 pmGold slides a 7th day, oil gains on positive U.S. data -
Fri 2:47 pmAruba Networks swings to loss as competition bites -
Fri 2:22 pmFriday's most followed in Canada including Bankers, Prophecy Coal, OceanaGold, Marengo Mining and Copper Mountain Mining -
Fri 2:09 pmPetrominerales wins 3 blocks in Brazil, boosting land position -
Fri 1:41 pmMullen's acquisition in trucking/logistics a step in the right direction: Stifel Nicolaus -
Fri 1:24 pmNorthrop Grumman's stock up on additional $4 bln in share buybacks -
Fri 12:20 pmProphecy Coal shares surge on 25-year power tariff agreement with Mongolian government -
Fri 12:19 pmOceanaGold declares production at new mine in the Philippines -
Fri 11:58 amMarengo slides after power provider withdraws from Yandera agreement; detailed review necessary ahead of feasibility study -
Fri 11:22 amFriday's most followed in U.S. including J.C. Penney, Nordstrom, Autodesk, Brocade Communications, Yahoo, Aruba Networks and Tesla Motors -
Fri 10:41 amNordstrom falls after Q1 results disappoint -
Fri 9:58 amAutodesk erases year gain on Q1 miss, downbeat Q2 forecast -
Fri 9:44 amPalliser Oil & Gas trades "substantially below" 2012 1P reserves, says analyst -
Fri 9:17 amJ.C. Penney skids on wider-than-expected Q1 loss -
Fri 6:10 amVerde Potash BFS delay has some positives, says Ocean -
Thu 4:17 pmDell Q1 profit misses, sales top views
International
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Fri 12:00 pmBerkeley saga
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Fri 10:18 amMotive Television makes 'big move' in its home market
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Fri 9:27 amThe strategic importance of farm-outs – part 3
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Fri 9:00 amMotive Television Presentation - May 2013
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Fri 8:00 amSimba Energy, Falcon Oil & Gas, Europa Oil & Gas, Goldplat and Mariana Resources to present next week
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Fri 7:01 amAfriag: Lenigas says it is time for Lonrho mark II
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Fri 4:28 amSeaEnergy makes progress in implementing its growth strategy
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Fri 3:54 ame-Therapeutics' trials 'on course'
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Fri 3:33 amMorrisons strikes delivery deal with Ocado
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Fri 3:20 amUS Oil and Gas has enough funds for more drilling
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Fri 2:55 amCentury Iron Mines looking for C$60mln cash flow a year from 2015
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Fri 2:37 amPetroceltic International close to second Algerian farm-out
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Thu 8:07 pmIkwezi Mining upgrades Ntendeka Colliery resources by over 33%
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Thu 7:50 pmRange Resources targets Trinidad oil production growth
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Thu 7:07 pmHighfield Resources banks $5.1M from EMR Capital for potash projects
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Thu 10:54 amUPDATE: Sound Oil’s Rapagnano acheivement should not be overlooked
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Thu 6:29 amDonner Metals looks at "next generation of exploration" as production starts













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