The gold price was on the rise this week, breaking US$2,700 per ounce on Wednesday (December 11).
CPI was up 0.3 percent month-on-month, again higher than October’s 0.2 percent rise. Core CPI, which excludes the more volatile food and energy categories, was up 3.3 percent year-on-year and 0.3 percent from the previous month.
I heard recently from Chris Temple of the National Investor, who emphasized the importance of Burgum’s appointment. Here’s how he explained it:
The deal was structured as a tender offer due to an ongoing Canada Post strike, meaning it doesn’t require a shareholder vote at O3. Shares of O3 climbed substantially after the news and were up about 60 percent for the week.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Leave a Reply