Recent News

US wholesale prices jump 0.6% in Oct, the most in 6 years

November 09, 2018 / www.cnbc.com

Published 11 Hours AgoUpdated11 Hours AgoThe Associated Press show chapters Producer price index up 0.6% in October   9 Hours Ago |04:49 U.S. wholesale prices rose by the most in six years last month, led higher by more expensive gas, food, and chemicals.The Labor Department said Friday that the producer price index - which measures price increases before they reach the consumer...Read More

Nexus Gold Acquires Dakouli 2 Project on the Boromo-Goren Greenstone Belt, Burkina Faso, West Africa @NexusGoldCorp...

November 09, 2018 / twitter.com

"Nexus Gold Acquires Dakouli 2 Project on the Boromo-Goren Greenstone Belt, Burkina Faso, West Africa @NexusGoldCorp https://t.co/7QzWFovBch"Read full newsRead More

Hedging Bets With Protective Puts

November 09, 2018 / www.schaeffersresearch.com

Bullish traders can purchase long puts to hedge a stock positionDuring times of market volatility, even the most bullish of traders may become nervous about a stock's health. What's more, earnings season can leave stocks vulnerable to major downside moves. A "vanilla" option trader may buy puts to bet bearishly during these periods. Long puts, however, can also be purchasedas a sort of insurance p...Read More

White House adviser Navarro says Wall Street should stay out of U.S.-China trade talks

November 09, 2018 / www.kitco.com

WASHINGTON (Reuters) - White House adviser Peter Navarro on Friday sharply criticized efforts by current and former Wall Street executives to urge the United States and China to resolve their trade dispute, calling them “unregistered foreign agents” who were trying to pressure President Donald Trump into a deal.“When these unpaid foreign agents engage in this kind of diplomacy, s...Read More

Democrats dig in for Florida recount battle, Trump sends lawyers

November 09, 2018 / www.kitco.com

TAMPA, Fla. (Reuters) - Florida’s bitter races for the U.S. Senate and governor appeared headed to recounts on Friday as Republican margins of victory narrowed and President Donald Trump vowed to send in lawyers in a scene reminiscent of the state’s dramatic 2000 presidential recount.With his lead dwindling in Florida’s Senate race, Republican Governor Rick Scott filed lawsuits l...Read More

Best Retail Stock to Buy Before the Holidays

November 09, 2018 / www.schaeffersresearch.com

SBH could reach another fresh annual high before the end of the yearAnother specialty retailer to keep an eye on during the upcoming holiday season is Sally Beauty Holdings, Inc. (NYSE:SBH), which made the top spot on Schaeffer's Senior Quantitative Analyst Rocky White's list of the 25 best retail stocks to own before Black Friday. Below, we will dive into why history says its a good time to hop...Read More

Oil extends plunge, U.S. crude set for longest losing streak since 1984

November 09, 2018 / www.kitco.com

NEW YORK (Reuters) - Oil prices fell more than one percent on Friday, with U.S. crude on track for its longest losing streak since 1984 as global supply increased and investors worried about the impact of lower economic growth and trade disputes on fuel demand.Benchmark Brent crude LCOc1 fell below $70 a barrel for the first time since early April, and was down nearly 20 percent since reaching fou...Read More

China car market on verge of rare annual contraction after October sales slide

November 09, 2018 / www.kitco.com

BEIJING (Reuters) - China’s automobile sales fell 11.7 percent in October, bringing the world’s biggest car market closer to an annual contraction not seen since at least 1990.Data from the country’s top auto industry association released on Friday showed 10-month cumulative sales falling, amid broader slowing economic growth and a biting trade war between China and the United St...Read More

Permitting delayed at Black Butte in Montana

November 09, 2018 / www.mining.com

Permitting at Sandfire Resources' (TSXV: SFR; US-OTC: SRAFF) Black Butte copper project in Montana has been delayed by a new statewide standard for nitrogen during the growing season.The company says it will expand its mine plan to include a treated water reservoir that can meet Montana's new pollution standards year round. It has to add the information to its draft environmental impact statement...Read More

Permitting delayed at Black Butte in Montana

November 09, 2018 / www.mining.com

Permitting at Sandfire Resources' (TSXV: SFR; US-OTC: SRAFF) Black Butte copper project in Montana has been delayed by a new statewide standard for nitrogen during the growing season.The company says it will expand its mine plan to include a treated water reservoir that can meet Montana's new pollution standards year round. It has to add the information to its draft environmental impact statement...Read More

Permitting delayed at Black Butte in Montana

November 09, 2018 / www.mining.com

Permitting at Sandfire Resources' (TSXV: SFR; US-OTC: SRAFF) Black Butte copper project in Montana has been delayed by a new statewide standard for nitrogen during the growing season.The company says it will expand its mine plan to include a treated water reservoir that can meet Montana's new pollution standards year round. It has to add the information to its draft environmental impact statement...Read More

Sanjeev Gupta's Liberty gets financing for Dunkirk aluminium smelter

November 09, 2018 / www.mining.com

PARIS - Industralist Sanjeev Gupta's Liberty steel company has secured the financing for its acquisition of a Dunkirk aluminum smelter from Rio Tinto .The Liberty company said on Friday that it had entered into a committed financing agreement with a syndicate of major international banks. It said the term loan, secured on standard financial terms, provided for five years of committed funds.Liberty...Read More

Big US stocks' Q3'18 fundamentals

November 09, 2018 / www.mining.com

The widely-held mega-cap stocks that dominate the US markets are just wrapping up another blockbuster earnings season. Sales and profits soared largely due to Republicans' massive corporate tax cuts. Still these lofty stock markets are vulnerable to serious downside, as October's brutal plunge proved. Such extreme revenue and earnings growth cannot persist, and valuations remain in dangerous bubbl...Read More

Netflix Stock Lower Amid A Stream Of Negative Headlines

November 09, 2018 / www.schaeffersresearch.com

NFLX has struggled to recover from a rough OctoberThe shares of Netflix, Inc. (NASDAQ:NFLX) are down 3% to trade at $309.33 amid a flurry of headlines. First, Walt Disney (DIS) unveiled the details of its service that will be a direct competitor to Netflix. Plus, Nintendo said its Wii device won't be supporting the Netflix app next year. And to top it all off, the FAANG name is being sued by the...Read More

Federal court asks how Sessions' ouster impacts lawsuit challenging Mueller

November 09, 2018 / www.kitco.com

WASHINGTON (Reuters) - A federal appeals court that is weighing a legal challenge to Special Counsel Robert Mueller’s authority said Friday it wanted to know whether the sudden ouster of Attorney General Jeff Sessions could impact or change the outcome of how it should rule.The court’s order directed each party in the case to file briefs by Nov. 19 outlining, “what, if any effect...Read More

Dow Sinks as Oil Heads Toward 10th Straight Loss

November 09, 2018 / www.schaeffersresearch.com

December crude futures briefly breached the $60-per-barrel mark earlierThe Dow Jones Industrial Average (DJI) is cutting into its impressive weekly gain today, as traders digest this morning's inflation data. Wall Street is also watching as oil prices sink further into bear market territory, with December-dated crude futures down 0.8% at $60.19 per barrel -- on track for their 10th straight declin...Read More

GE says liquidity is 'sound' after analyst cuts target, stock falls

November 09, 2018 / www.kitco.com

NEW YORK (Reuters) - General Electric Co (GE.N) said on Friday that it has “sound liquidity” after a JPMorgan analyst slashed his stock price target, sending shares down 9 percent.“GE is a fundamentally strong company with a sound liquidity position,” GE spokeswoman Jennifer Erickson said in a statement. “We are taking aggressive action to strengthen our balance sheet...Read More

Gold Extends Earlier Losses To Trade Sharply Lower

November 09, 2018 / www.kitco.com

(Kitco News) - Gold prices are trading solidly down and at a four-week low inlate-morning action Friday. Early losses have been extended on technicalselling pressure, including sell stop orders being triggered when key chartsupport levels were breached. Bearish "outside markets" today thatinclude a higher U.S. dollar index and lower crude oil prices are pressuringthe precious metals mar...Read More

Gold Extends Earlier Losses To Trade Sharply Lower

November 09, 2018 / www.kitco.com

(Kitco News) - Gold prices are trading solidly down and at a four-week low in late-morning action Friday. Early losses have been extended on technical selling pressure, including sell stop orders being triggered when key chart support levels were breached. Bearish "outside markets" today that include a higher U.S. dollar index and lower crude oil prices are pressuring the precious metal...Read More

U.S. postpones sanctions deadline on Russian tycoon's firms

November 09, 2018 / www.mining.com

WASHINGTON - The United States on Friday said it was postponing the enforcement of sanctions on Russian companies, Rusal and Gaz PAO for nearly four weeks as their top shareholder works on a plan to cut his stakes.U.S. authorities had given Russian tycoon Oleg Deripaska until Dec. 12 to reduce his holdings in the three companies but said in a statement that the deadline had been moved to Jan. 7, 2...Read More

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