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Newrange Gold Corp. (OTCMKTS:NRGOF) Sees Large Drop in Short Interest
Newrange Gold Corp. (OTCMKTS:NRGOF – Get Rating) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 100 shares,
Newrange Gold Announces Private Placement for C$10.1M
Newrange Gold Corp. (OTCMKTS:NRGOF) Short Interest Update
Newrange Gold Corp. (OTCMKTS:NRGOF – Get Rating) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 6,800 shares, an
Gold prices hit the biggest drop in seven weeks because US employment growth was higher than expected
Gold recorded its biggest decline in seven weeks. The US employment data released earlier was stronger than expected, triggering predictions that the Federal Reserve may soon begin to reduce monetary stimulus. Employment growth in the US in July recorded the biggest increase in nearly a year, and the unemployment rate fell faster than expected. After the report was released, the US dollar rose, and 10-year treasury bond yields rose. Gold fell because investors feared that the improvement in the US economy and rising inflation would prompt the central bank to withdraw its unprecedented economic support. Low interest rates help make gold more competitive with interest-bearing assets. The price of gold is likely to record its biggest weekly decline since mid-June. The employment data “drove the price of gold to a sharp drop,
What is the fund manager's favorite stock now? It's all in this table
While hedge fund managers withdrew from economically sensitive stocks this month, they began investing in growth stocks again. This successful tactic helped them beat the return rate of the S&P 500. According to Jefferies data, hedge funds actively increased their holdings of growth stocks in July, reaching an increase rate of 12.8%. This is the increase in holdings of this type of stock since April 2020. Meanwhile, the Wall Street company said that after being optimistic about cyclical stocks since July last year, the industry has now reduced its risk appetite to a reduction in holdings. Jefferies stock strategist Steven DeSanct
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