All three financial stocks sport attractively priced optionsBank stocks could be in focus this week, with the Fed expected to raise interest rates at its meeting. Ahead of the event, a pair of American financial stocks are flashing "buy" signals: Huntington Bancshares Incorporated (NASDAQ:HBAN) and Zions Bancorp (NASDAQ:ZION). What's more, British-backed financial concern Royal Bank of Scotland Gr...Read More
Stocks extended their short-term consolidation on Friday, as investors continued to hesitate following Tuesday-Wednesday move down. The broad stock market failed to continue its rebound from February 9 low last week despite technology stocks reaching new record highs. There are still two possible future scenarios. Or maybe three, but the third one is the worst.The U.S. stock market indexes were mi...Read More
(Reuters) - U.S. stocks slid about 1 percent on Monday, with volatility spiking, as Facebook’s shares sank after reports that its user data was misused led to concerns over broader privacy violations and sparked a selloff in technology stocks.Facebook shares 6 percent and were on track for their worst day in more than three years on reports that a political consultancy that worked on Preside...Read More
WASHINGTON (Reuters) - White House lawyer Ty Cobb said on Sunday that President Donald Trump was not considering or discussing firing Special Counsel Robert Mueller.Cobb’s statement came after Trump earlier in the day criticized Mueller’s probe into Russian meddling in the 2016 presidential election.“In response to media speculation and related questions being posed to the admini...Read More
(Kitco News) - Gold prices weremoderately higher in early-afternoon trading Monday, boosted by a drop in theU.S. dollar index and the U.S. stock market. Gold had seen modest losses inovernight trading, based on some technical selling. April Comex gold futureswere last up $6.00 an ounce at $1,318.30.May Comex silver was last up $0.043at $16.315 an ounce.Worldstock markets were mostly lower Monday....Read More
(Kitco News)- Gold fever has hit Pennsylvania following news that the FBI,following a tip from a treasure hunting group, scoured the state land over theweekend looking for lost civil war gold bullion.According to reports, dozens of federal agents and membersof the treasure-hunting group Finders Keepers were trekking through the forestnear Dents Run, four hours northeast of Pittsburg, looking for u...Read More
(Bloomberg) - Turns out, it may be easier to strike gold by growing green.Just ask Jay Wilgar, a former wind power developer who started a medical marijuana company with friend Travis Kanellos after hatching the idea while lifting weights at a gym. When they began looking at ways to take their startup public, advisers suggested partnering with Newstrike Resources Inc., a Toronto-based firm that h...Read More
BEIJING (Reuters) - China elevated a key confidante of President Xi Jinping to one of the top positions in government on Monday as Beijing cracks down on riskier financing and a debt build-up that may pose systemic risks to the world’s second-largest economy.The endorsement of Liu He as a vice premier by the country’s largely rubber-stamp parliament also comes as the United States pres...Read More
ZURICH (Reuters) - Switzerland's highest court has upheld the seizure of $1.85 million in Swiss bank accounts, part of a corruption probe linked to a former Mongolian finance minister who helped clear the way for a disputed Rio Tinto mining project, a ruling showed.The Swiss Office of the Attorney General (OAG) also confirmed it has an ongoing criminal investigation in which prosecutors contend on...Read More
The stock's short-term options are attractively priced at the momentTapestry Inc (NYSE:TPR) stock has been on a tear lately, racing to a four-year high of $53.50 last Tuesday. If past is precedent, shares of the retail name -- which changed its name from Coach after its purchase of Kate Spade in October -- could be gearing up for their next leg higher in the coming months. In today's trading, Tap...Read More
Japan central bank head says G20 to reaffirm need for free trade Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. I...Read More
FB stock is pacing for its biggest one-day drop in yearsThe U.S. stock market is spiraling today, with sharp drops in the tech sector fueling the risk-off session. FAANG stocks are bringing the most heat, with Facebook (FB) pacing for its biggest one-day loss since March 2014 on reports of data harvesting, while Apple (AAPL) is selling off after Nomura Instinet expressed concern over iPhone demand...Read More
GENEVA (Reuters) - The United States’ nominee to lead the United Nations migration agency denied on Monday that he was anti-Islam while acknowledging a controversy over some of his social media posts and retweets in the past.“I have never shown discrimination against anybody or anything, period, other than if they need help. If they need help I always help them,” said Ken Isaacs,...Read More
NEW YORK (Reuters) - Luke Thomas, 44, an information technology field manager who lives in Miami, began investing in the U.S. stock market in his early 20s, attracted by the prospect of learning “how to grow a little bit of money into a lot,” he said.At the time, he put most of his money into a handful of small-cap and over-the-counter stocks. Yet watching the Russell 2000 index of sma...Read More
Mr. Brett Heath reportsMETALLA RAISES MONTHLY DIVIDEND BY 50% AND ANNOUNCES FISCAL 2018 Q3 PRODUCTION Metalla Royalty and Streaming Ltd. had preliminary production results for the three months ended Feb. 28, 2018, of 96,542 ounces of silver sold and provisionally invoiced. In addition, Metalla held 35,473 ounces silver of attributable inventory to be realized in the subsequent quarter. Metalla ex...Read More
ABIDJAN, March 19 (Reuters) - Renewable energy company Total Eren said on Monday it had opened the world's largest solar-thermal hybrid plant in Burkina Faso, the first of what it hopes will be many projects supplying the African mining industry's growing need for power.Total Eren and Africa-focused independent power producer AEMP inaugurated Essakane Solar over the weekend, adding 15 megawatts (M...Read More
Mr. Peter Tallman reportsKLONDIKE GOLD ANNOUNCES $2,500,000 EXPLORATION PROGRAM FOR 2018 Klondike Gold Corp.'s board has approved a $2.5-million exploration program for 2018 within the company's Klondike district property in Yukon.Summary: $2.5-million exploration budget for 2018, which includes: 5,000 to 7,000 metres of drilling; 3,000 to 5,000 new soil samples; 300to 500 line kilometres of groun...Read More
(Kitco News)- The latest trade data from theCommodity Futures Trading Commission revealed that hedge funds continued toreduce their exposure to gold because of an increased the risk of aggressiveaction from the Federal Reserve, according to some analysts.The Commodity Futures TradingCommission’s disaggregated Commitments of Traders report for the week endingMarch 13 showed money managers dro...Read More
LONDON (Reuters) - Oil prices eased on Monday after rallying at the end of last week, but tensions between Saudi Arabia and Iran helped limit losses.Prices had climbed on Friday after Saudi Crown Prince Mohammed bin Salman said the kingdom would develop nuclear weapons if arch-rival Iran did.Petromatrix analyst Olivier Jakob said prices were “really giving back some of Friday’s short-c...Read More
(Bloomberg) - Miners in the Democratic Republic of Congo won't secure substantial concessions in talks with the government about changes to the industry code, the head of the state mining company said.The operators, including Glencore Plc and Randgold Resources Ltd., are pressing the government to row back on some of the reforms President Joseph Kabila signed into law this month. The modification...Read More