Philadelphia Fed Manufacturing Index Falls To 5.2 In February
(Kitco News) – The headline index for a survey of manufacturers in the Philadelphia area weakened in February, adding to the weakness in January, according to the latest report from the Philadelphia Federal Reserve.
Read morePan American Silver Reports 4Q, FY Net Loss On Impairment Charges
Pan American Silver Corp. (TSX:PAA)(NASDAQ:PAAS) reports a net loss of $525.7 million, or $3.48 per share, in the fourth quarter, compared to a net loss of $293.1 million, or $1.94 per share, during the fourth quarter of 2013 mostly due to impairment c…
Read moreU.S. Weekly Jobless Claims Fall To 283K
(Kitco News) – First-time weekly jobless claims in the U.S. fell by 21,000 to a seasonally adjusted 283,000 during the week to Saturday, the Labor Department said Thursday.
Read moreGold Solidly Higher on Bargain Hunting, Short Covering in Wake of Dovish FOMC Minutes
Gold prices are posting good gains in early U.S. trading Thursday.
Read moreThe Pound And The Fed
The surprise winner today in the markets was – drum roll – Great Britain
Coeur Mining Reports 4Q Loss On Impairment Charge
(Kitco News) – Coeur Mining Inc. (NYSE:CDE) reported a net loss of $1.079 billion in the fourth quarter, or $10.53 per share, largely due to an after-tax non-cash impairment charge of $1.022 billion.
Read moreInvestor Demand For Gold Remains Key Ingredient For Bull Market – BofA Merrill Lynch
As gold prices fell below key support levels this week, Bank of America Merrill Lynch (BAML) said that investor demand, especially in jewelry, remains the critical ingredient for a gold bull market.
Read moreGold Moves Well Up from Daily Low Following Dovish FOMC Minutes
Gold prices moved well up from lower levels, on short covering and bargain hunting, in the aftermath of Wednesday afternoon’s release of the FOMC minutes, which the market place deemed a bit dovish.
Paulson Holds On To GLD Position In 4Q – SEC Filings
Although there appears to be some profit taking in gold-backed exchange-traded products (ETP), one major investor is holding on to his position.
Read moreTSXV Financing Activity Up In January – Morgans
Toronto stock exchange financing activity was up in January, showing more action for the heavily weighted resource exploration companies, according to Australian-based research firm Morgans.
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