GENEVA (Reuters) - Statements by the United States that it would reduce Iran’s oil exports to zero are a “political bluff”, the head of state-run National Iranian Oil Company (NIOC) said, according to a report published by Tasnim news agency on Wednesday.Iran’s Foreign Ministry also criticized U.S. sanctions imposed on Tuesday on several Iranian banks and other companies, s...Read More
This Canadian company released the results from two more drill holes. Dark Star with Sentinel in the backgroundGold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) reported that one core hole and one reverse circulation hole drilled in the northern portion of Dark Star at its Railroad-Pinion project intersected vertically continuous zones of oxidized gold mineralization. Intercepts from core drill...Read More
Drill results from this Golden Triangle project continue highlighting further exploration potential. Aben's Forrest Kerr Gold ProjectAben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) reported that the first three drill holes from the South Boundary zone at its Forrest Kerr project "intersected numerous broad horizons of mineralized veins containing abundant pyrite and variable amounts of chalcopyrite,...Read More
The new findings will be incorporated into this Canadian company's 2018-2019 drill program. Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC) announced the results of its recent geological mapping, which revealed a new geological discovery at its flagship Dixie project in Ontario. The company identified a "critical ultramafic rock unit in outcrop" with a strike length of at least 2 kilometers," no...Read More
Technical analyst Clive Maund charts a relatively unknown gold stock that he believes is positioned to break out. Casa Minerals Inc. (CASA:TSX.V) is a relatively unknown gold stock that is likely to get more known and more appreciated as the sector comes back into favor again after years in the wilderness. Yesterday, the company's stock gapped higher on very strong record volume on news of a gold...Read More
Precious metals expert Michael Ballanger discusses the bullish set-up for gold and why he believes this time is different. For the first time in months, Fido the Wonder Dog has been in my office and at the foot of my bed 24/7 for the past few days giving me great solace that the current advance in precious metals prices is here to stay. Gone are his nervous tics every time my chair squeaks or whe...Read More
China's domestic rebar prices bounced back on Wednesday October 17 on a pick-up in trading activity following gains in the futures market, erasing the losses incurred a day earlier.Domestic Eastern China (Shanghai): 4,550-4,590 yuan ($658-664) per tonne, up 10-20 yuan per tonneNorthern China (Beijing): 4,340-4,380 yuan per tonne, up 10 yuan per tonneA few end users raised procurement rates on the...Read More
MOSCOW, Oct 17 (Reuters) - The Russian rouble eased onWednesday as strong U.S. industrial production data boosted theU.S. dollar and investors' confidence in dollar assets.At 0743 GMT, the rouble was 0.2 percent weaker against thedollar at 65.45 and had lost 0.06 percent totrade at 75.66 versus the euro.As data showed that U.S. industrial production increased fora fourth straight month in Septembe...Read More
JOHANNESBURG, Oct 17 (Reuters) - South Africa's randweakened in early trade on Wednesday as the dollar strengthenedagainst most major peers, with the market awaiting domesticretail sales figures and minutes from the U.S. Federal Reserve'slatest policy meeting. * At 0614 GMT, the rand traded at 14.2150 perdollar,0.32 percent weaker than its New York close on Tuesday. * "Current levels are like...Read More
By Liz HamptonHOUSTON, Oct 17 (Reuters) - Even as crude prices hover nearfour-year highs, U.S. oilfield service firms' third-quarterresults due out in coming days will reflect a shaky recovery, astheir customers face drilling constraints and pressure to holddown spending.Oil producers are holding off finishing new wells, and costpressures from tight labor markets and U.S. tariffs on importedsteel...Read More
Key data from the Wednesday October 17 pricing session in Europe. Key drivers The European ferro-titanium price range dropped again, extending price losses from the previous week on persistently low demand, which is encouraging cheaper offer prices. Some dealers are away due to holidays in Europe, which has cooled trading activity. Reported trades...Read More
This could soon be the backbone of America's electrical grid.What would the perfect mining stock for this market look like?First, it would be an incredibly rare element... one with limited supply.Second, it would be an element now under the radar... but about to break out with predictable demand.Third, there should be a company working toward a virtual monopoly on this element...And these three th...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis.Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2018 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intelligen...Read More
The Dow traded in a 330-point range todayU.S. stocks closed lower today, as investors digested the newly released September Fed minutes -- temporarily pushing corporate earnings to the back burner. A majority of Fed officials now support a shift toward a more restrictive monetary policy, though central bankers differ over how long rates should remain high enough to constrain economic growth. In an...Read More
Caesars stock has struggled in 2018Stocks are trading lower today, pulling back some from yesterday's impressive rally. Meanwhile, casino concern Caesars Entertainment Corporation (NASDAQ:CZR) and biopharma name Axsome Therapeutics Inc (NASDAQ:AXSM) are trading higher, while construction stock Installed Building Products Inc (NYSE:IBP) sinks. Let's look closer to see what's moving shares of CZR, A...Read More
Express Scripts excluded Teva's migraine drug from coverage Drugmaker Teva Pharmaceutical Industries Ltd (NYSE:TEVA) is lower today, down 4.7% to trade at $21.24, amid reports that Express Scripts (ESRX) excluded Teva's migraine drug from coverage. In addition to the drop today, TEVA recently flashed a bearish signal, indicating the slide may be far from over.Teva stock, for the second time with...Read More
The S&P 500 could outperform, if recent history is any indicatorThe S&P 500 Index (SPX) last week suffered its worst five-day stretch since March, giving up more than 4% to continue its stretch of selling off after Fed rate hikes. What's more, last week we saw the most 52-week lows since February 2016. However, this could be a bullish signal for the stock market, if recent history is any indicator...Read More
CloseGain/LossGold $1223.80-$1.10Silver$14.63-$0.03XAU69.86-0.35%HUI155.23-0.06%GDM554.76-0.52%JSE Gold1190.39-23.73USD95.58+0.52Euro115.05-0.76Yen89.35-0.03Oil$69.75-$2.1710-Year3.191%+0.034T-Bond137.90625-0.59375Dow25706.68-0.36%Nasdaq7642.70-0.04%S&P2809.21-0.03% The Metals: Gold dipped $4.20 to $1220.70 in Asia before it climbed up to $1229.50 by late morning in New Y...Read More
Oppenheimer expects one penny stock to more than doublePenny stock AzurRx BioPharma Inc (NASDAQ:AZRX) is higher today, after analysts predicted the stock will more than double. Specifically, Oppenheimer initiated coverage of AZRX with an "outperform" rating and a $6 price target -- a premium of 140% to yesterday's close, and in record-high territory. Similarly, the shares of generic drugmaker Akor...Read More