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GOLD (MSM)

Goldcorp announces work stoppage at its Cerro Negro mine

[PR Newswire] – VANCOUVER, Oct. 2, 2015 /PRNewswire/ – GOLDCORP INC. (TSX: G, NYSE: GG) announced today a work stoppage by miners represented by the Asociacion Obrera Minera Argentina, Province of Santa Cruz delegation at the Cerro Negro mine. A comprehensive contingency plan is in place during this shutdown of operations that will enable mining and processing to be restarted immediately following the return of the workforce. Our focus is

SILVER (MSM)

Friday, May 22: Today in Gold and Silver

NEW YORK (TheStreet) — The gold price chopped around slightly above the unchanged mark until just after 1 p.m. in Hong Kong and then began to head lower, with the low tick coming minutes after 9 a.m. EDT.  It rallied a bit going into the London p.m. gold ‘fix’—and from there it didn’t do a lot. The high and lows were reported by the CME Group as $1,212.40 and $1,200.80

Thursday, May 21: Today in Gold and Silver

NEW YORK (TheStreet) — After the the two hour sell-off going into the London open, the gold priced inched higher until shortly after the p.m. gold fix was in at 10 a.m. EDT in New York.  After that it chopped quietly sideways into the close. Once again the high and low ticks aren’t worth my effort to look up. … Click to view a price quote on GLD. Click to

Wednesday, May 20: Today in Gold and Silver

NEW YORK (TheStreet) — The gold price was under choppy selling pressure up until ten minutes after the COMEX open in New York yesterday morning—and at that point the HFT boyz and their algorithms went to work, with most of the damage done by around 10:35 a.m. EDT.  The gold price traded flat after that, but the absolute low tick was a quick down/up spike minutes before 11:30 a.m. The

ENERGY (MSM)

Not Just For Greens Anymore: More Big Corporations Are Backing Clean Energy

Next week, the Environmental Protection Agency is expected to outline what could be the Obama Administration’s most influential policy on climate change. Called the Clean Power Plan, the rule is aimed at reducing harmful emissions from existing electric power plants—the country’s largest source of carbon dioxide, the most significant greenhouse gas. The plan will task each state with coming up with a strategy and take action to reduce its carbon

Not Just For Greens Anymore: More Big Corporations Are Backing Clean Energy

Next week, the Environmental Protection Agency is expected to outline what could be the Obama Administration’s most influential policy on climate change. Called the Clean Power Plan, the rule is aimed at reducing harmful emissions from existing electric power plants—the country’s largest source of carbon dioxide, the most significant greenhouse gas. The plan will task each state with coming up with a strategy and take action to reduce its carbon

More belt-tightening ahead as Exxon, Chevron profits dive

US oil giants Chevron and ExxonMobil signaled Friday further belt-tightening ahead as the industry responds to lower oil prices that slammed earnings in the second quarter. Chevron said it was trimming 1,500 jobs as it cuts 2015 capital spending about $5 billion compared with last year. “We’re getting our cost structure down, through renegotiations across the supply chain and by sizing our contractor and employee workforce to reflect lower activity

Wall Street mixed; weak results drag on energy stocks

Exxon Mobil shares fell 3.5 percent while Chevron was down 3.9 percent after reporting poor quarterly earnings due to weak oil prices. This definitely puts a lower probability on that,” said Stanley Sun, interest rate strategist at Nomura Securities International in New York. The S&P 500 was down a marginal 0.02 percent at 2,108.13 and the Nasdaq Composite added 0.18 percent to 5,138.08.

Oil slump pounds ExxonMobil, Chevron earnings

Lower oil prices hammered earnings of US petroleum giants ExxonMobil and Chevron Friday, adding to the industry’s woes amid its worst downturn since the late 1990s. ExxonMobil, the biggest US oil company, said second-quarter profits fell by 52.3 percent year-over-year to $4.2 billion as it reported a loss in its US exploration and production division. The carnage was even worse at Chevron, which reported about a 90 percent drop in