Eike Batista’s boom and bust
VANCOUVER — How do you turn US$35 billion into less than US$400 million in 18 months?
Stock Markets/Investing
TSX Venture Exchange, Dec. 16-20
The S&P/TSX Venture Composite Index dropped 6.29 points during the trading sessions en route to closing at 888.18. Markets reacted positively late in the trading period after the U.S. Federal Reserve opted to modestly cut its bond-buying…
Toronto Stock Exchange, Dec. 16-20
The S&P/TSX Composite Index jumped 273.90 points, or 2%, to 13,399.60 during the trading week after the U.S. Federal Reserve said it would trim its monthly bond-buying program by US$10 billion to US$75 billion, starting in January….
U.S. markets, Dec. 16-20
American markets continued their historic march for the period, with year-end selling not yet taking hold. The Dow Jones Industrial Average was up 462 points to 16,221.14 points, The S&P 500 was up 41 points to 1,818.32 and the Nasdaq…
Editorial: Silvercorp’s short-seller headache
The murky and often frivolous world of financial blogs showed its serious side in mid-December.
Record Chinese demand could fuel optimism around gold price
News that the Federal Reserve was tapering its bond buyback program was just the signal that gold bears were looking for.
Short Position Report
TSX Short Positions Short positions outstanding at Dec. 15/13 (with changes from Nov….
Toronto Stock Exchange, Dec. 9-13
The S&P/TSX Composite Index fell 155.02 points, or 1.17% to 13,125.70, while the S&P/TSX Capped Diversified Metals & Mining Index shed 13.54 points, or 1.86%, to 715.01 points during the trading week. Gold moved in the opposite…
U.S. markets, Dec. 9-13
U.S. markets took a hit during the week, with the Dow Jones Industrial Average falling 264.84 points, or 1.6% to 15,755.36. The broader S&P 500 Index tumbled nearly 30 points to 1,775.32. The Nasdaq Composite Index slipped 61.54 points to…
TSX Venture Exchange, Dec. 9-13
The S&P/TSX Venture Composite Index declined for a second straight week during the trading sessions, with a sell-off heading into the holiday season resulting in a 2.4%, or 22.18-point loss, en route to a 894.47-point close. Word on the…
Centamin eyes big African land position with Ampella bid
VANCOUVER — Gold producer Centamin (TSX: CEE; LSE: CEY; US-OTC: CELTF) has been searching for exploration upside in West Africa, and it looks like the company found a fit in Australian junior Ampella Mining (ASX: AMX; US-OTC: APMZF)…
Trafigura offers glimpse into inner workings
Privately held Trafigura Beheer B.V. surprised investors by offering a peek into its books.