The drug stock is heavily shortedThe shares of Pain Therapeutics, Inc. (NASDAQ:PTIE) are trading up 5.6% at $1.21, after the biopharm said it is appealing the Food and Drug Administration's (FDA) decision on its pain drug, Remoxy. Back in August, the regulatory agency failed to approve Remoxy, after an advisory panel voted overwhelmingly against the treatment, citing potential abuse risks. A meeti...Read More

LONDON (Reuters) - The dollar surged to nearly 17-month highs on Monday against a basket of major currencies as investors sought out the liquid and high-yielding asset against a backdrop of global growth worries and rising political risk in Italy and Britain.World stocks fell 0.3 percent for a third straight day in the red, receiving no respite from a rise in oil prices, while initial European equ...Read More

LONDON (Reuters) - Prime Minister Theresa May is trying to clinch a Brexit divorce deal with the European Union but the bigger challenge may be to get any agreement approved by the British parliament.With less than five months until the United Kingdom is due to leave the EU on March 29, how might the Brexit finale play out?Following are possible scenarios:1) DISORDERLY BREXIT- DEAL REJECTEDAny dea...Read More

LONDON (Reuters) - Britain’s big banks, long able to shrug off competition from start-ups, have been spooked by an account launched just six weeks ago by Goldman Sachs (GS.N) that pays savers more.One of the banks admitted privately that it has seen a spike in savers switching, while others have launched new accounts or raised rates to try to nip “Marcus” in the bud.British saver...Read More

Mr. Jean Martineau reportsQ3 2018: DYNACOR REPORTS SALES OF US $24.4 M AND NET INCOME OF US $0.7 M Dynacor Gold Mines Inc. has released its unaudited condensed consolidated financial statements and management's discussion and analysis for the three-month and nine-month periods ended Sept. 30, 2018.These documents have been filed electronically with SEDAR atwww.sedar.com and will be available on th...Read More

Mr. Jean Martineau reportsQ3 2018: DYNACOR REPORTS SALES OF US $24.4 M AND NET INCOME OF US $0.7 M Dynacor Gold Mines Inc. has released its unaudited condensed consolidated financial statements and management's discussion and analysis for the three-month and nine-month periods ended Sept. 30, 2018.These documents have been filed electronically with SEDAR atwww.sedar.com and will be available on th...Read More

Home Depot reports earnings tomorrow morningBrokerage firm RBC this morning cut its price target on Home Depot Inc (NYSE:HD) and Lowe's Companies, Inc. (NYSE:LOW) stocks to $208 and $110, respectively, saying there's concern a decline in home prices could weigh on shares of both companies -- though it admitted this threat has yet to materialize. An analyst at J.P. Morgan Securities followed suit b...Read More

Oil futures are set to snap a 10-day losing streakFutures on the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq-100 Index (NDX) are lower today, ahead of a likely a low-volume session, with bond markets and banks closed as the U.S. marks Veterans Day. However, investors are still eyeing a rebound in oil prices, after Saudi Arabia announced it would cut its output in Decembe...Read More

Mr. Jeff Chisholm reportsPAN ORIENT ENERGY CORP.: THAILAND SUCCESSFUL APPRAISAL WELL L53-DD2Pan Orient Energy Corp.'s L53-DD2 appraisal well has encountered an interpreted combined approximately 32 metres of net oil pay within four separate sandstone reservoirs between a true vertical depth of 1,044 metresto 1,105 metres. This interpretation was based on conventional open hole wire line logs, hydr...Read More

Mr. Jeff Chisholm reportsPAN ORIENT ENERGY CORP.: THAILAND SUCCESSFUL APPRAISAL WELL L53-DD2Pan Orient Energy Corp.'s L53-DD2 appraisal well has encountered an interpreted combined approximately 32 metres of net oil pay within four separate sandstone reservoirs between a true vertical depth of 1,044 metresto 1,105 metres. This interpretation was based on conventional open hole wire line logs, hydr...Read More

LONDON (Reuters) - Oil rose by more than 1 percent on Monday, set for its largest one-day increase in a month after Saudi Arabia said OPEC and its partners believed demand was softening enough to warrant an output cut of 1 million barrels per day.Saudi Arabia, the world’s largest oil exporter, said on Sunday it would cut its shipments by half a million barrels per day in December due to seas...Read More

NEW YORK/HOUSTON (Reuters) - Bakken crude prices are set to weaken from already low levels in coming months, with the frigid winter in North Dakota likely to disrupt rail loadings and worsen bottlenecks as production soars, traders and executives said.U.S. oil producers ramped up production in the nation's third-largest oilpatch, boosting crude output to a record 1.3 million barrels per day (bpd)...Read More

WASHINGTON (Reuters) - When Democrats take control of the U.S. House they plan to investigate the Trump administration’s attempt to block AT&T Inc (T.N) from acquiring Time Warner, and whether officials sought to punish Amazon.com Inc (AMZN.O) by prodding the U.S. Post Office to hike shipping prices for the world’s largest e-commerce company, a senior Democrat and a congressional a...Read More

LONDON (Reuters) - The pound held near a 10-day low on Monday as the twin forces of a resurgent dollar and reduced expectations of a Brexit deal fuelled a selloff.In volatile trading, sterling fell to a 1-1/2 week low of $1.2827 as negative headlines over the last 48 hours punctured growing optimism last week that an agreement between Britain and the European Commission was imminent.“While s...Read More

* Italian yields edge higher as Banca Carige preps cash call* Italy defiant before Tuesday deadline for revised budget* German bond yields hit new lows on Italy, Brexit uncertainties* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Adds detail on Banca Carige, industrial output data)By Abhinav RamnarayanLONDON, Nov 12 (Reuters) - Italy’s government bond yields inched up on Monday a...Read More

SINGAPORE/MANILA (Reuters) - China will further open its economy in the face of rising protectionism, Premier Li Keqiang said as he arrived in Singapore on Monday for meetings with Asia-Pacific leaders that will focus on speeding up work on a major new trade pact.Li’s remarks in an article in Singapore’s Straits Times newspaper came as Singapore’s Prime Minister Lee Hsien Loong c...Read More

Bulls should seek a move back above SPY $280 before getting aggressive"[W]e prefer to see a roll-over in the equity-only, buy-to-open put/call volume ratio before declaring the risk-reward scenario is favoring the bulls. Such patience likely means you will not catch the exact bottom, but it will also keep you out of situations like last week, in which bounces prove only temporary. Coincident with...Read More

Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More

Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More

The U.S. dollar rally has resumed in the wake of last week’s meeting ofthe Federal Open Market Committee, says Brown Brothers Harriman. “U.S. rates are headedhigher, while event risk in the euro zone and the U.K. remain in place,” BBHsays. Analysts say the news flow this week is expected to be dollar-supportive. Consensusestimates call for the October U.S. Consumer Price Ind...Read More