Editorial: Gold’s time to shine
Breathe a sigh of relief: Gold’s up over US$1,400 an ounce again … at least for now.
Stock Markets/Investing
TSX and TSX Venture Exchange warrants
The following are the mining-related warrants now trading on the Toronto Stock Exchange and the TSX Venture Exchange:
U.S. markets, Aug. 12-16
Rising borrowing rates dampened consumer sentiment and the major U.S. stock indexes fell for the second week. The Dow Jones Industrial Average sank 2.23% — or 344.04 points to 15,081.47, its sharpest decline in a year — and the…
Toronto Stock Exchange, Aug. 12-16
The S&P/TSX Composite Index shook off the bad performance of markets south of the border, as stronger commodity prices bolstered the resource-weighted index.
TSX Venture Exchange, Aug. 12-16
The S&P/TSX Venture Composite Index was back in the green during the trading sessions — following two straight weeks of losses — after posting a 2.2%, or 20.14-point gain, en route to a 940.23-point weekly close. Strong…
Kinross protects cash as writedowns persist
VANCOUVER — It has become a game of margins for Kinross Gold (TSX: K; NYSE: KGC). A steep drop in gold prices has sent the company scrambling to identify cost-saving measures, while the ill-fated, US$7.1-billion acquisition of Red Back…
Making sense of copper’s perplexing price movements
In early August the price for copper hit US$3.04 per lb. and seemed to be heading into a tailspin. But after several days, the price stabilized and reached a US$3.32 high before closing at US$3.31 per lb. What is going on?
Investment commentary: Searching for value amidst a wave of writedowns, pt. 1
There is little arguing that it has been a rough year for investors in gold mining stocks. But just how bad it has been may come as a surprise: not since the financial crisis of 2008 have investors seen so much of their wealth demolished in…
Letter to the editor: OTC Markets Group helps investors, regulators discern treasure from ‘trash’
I am writing in response to last week’s editorial, “Thoughts for your penny stock,” to correct some errors and misconceptions.
Short Position Report
TSX Short Positions Short positions outstanding at Aug 15/13 (with changes from July…
U.S. markets, Aug. 5-9
U.S. stocks ended the Aug. 5–9 trading week lower with the Dow Jones Industrial Average slipping 1.5% or 232.85 points to 15,425.51 amid ongoing speculation about when the Federal Reserve will start tapering off its stimulus program.
Toronto Stock Exchange, Aug. 6-9
The holiday-shortened trading period wasn’t a typical one for the S&P/TSX Composite Index. While often the index will trend in line with the resource sector that makes up a large part of it, for this period the two moved in opposite…