Recent News

Baffinland Iron Mines sets 5 million tonne shipping record

November 08, 2018 / www.mining.com

Baffinland Iron Mines Corporation today announced the results of its 2018 shipping program. From July 24 to October 17, Baffinland shipped approximately 5.1million tonnes of iron ore from its Milne Inlet Port to markets in Europe, the United Kingdom, Taiwan, and Japan. Baffinland also carried out two Northern Sea Route transits to Asia, a first for iron ore bulk carriage71 shipments carried an ave...Read More

Baffinland Iron Mines sets 5 million tonne shipping record

November 08, 2018 / www.mining.com

Baffinland Iron Mines Corporation today announced the results of its 2018 shipping program. From July 24 to October 17, Baffinland shipped approximately 5.1million tonnes of iron ore from its Milne Inlet Port to markets in Europe, the United Kingdom, Taiwan, and Japan. Baffinland also carried out two Northern Sea Route transits to Asia, a first for iron ore bulk carriage71 shipments carried an ave...Read More

UK PM May dives into diplomacy in bid to clinch Brexit deal

November 08, 2018 / www.kitco.com

LONDON/BRUSSELS (Reuters) - Prime Minister Theresa May steps up attempts to court European support for a Brexit deal on Thursday as negotiations on securing a smooth British divorce from the world’s biggest trading bloc enter their final stages.She will meet three other EU leaders in Brussels at a NATO dinner on Thursday and have lunch with French President Emmanuel Macron on Friday.EU offic...Read More

Gold Slides After Hitting Resistance Near 1237

November 08, 2018 / www.fxstreet.com

Gold traded lower after it hit resistance fractionally below the 1237 barrier. Although the metal continues to trade above the medium-term downside line drawn from the peak of the 11th of April, as well as above the upside support line taken from the low of the 16th of August, in the short run, it remains stuck within the range that has been containing most of the price action since the 15th of Oc...Read More

Crocs Options Bulls Just Won Big After Earnings

November 08, 2018 / www.schaeffersresearch.com

At the time of our recommendation, CROX was well overdue for upgradesSubscribers to Schaeffer's Weekend Trader Alert service just scored a 153% profit in five weeks with the Crocs, Inc. (NASDAQ:CROX) December 17 call. Below, we're going to take a look back at why we were bullish on the footwear concern, and how CROX performed after we recommended the call option. When we entered the position...Read More

Democrat-led House seen backing Trump's China trade war, scrutinizing talks with allies

November 08, 2018 / www.kitco.com

David LawderWASHINGTON (Reuters) - The new Democrat majority in the U.S. House of Representatives is likely to back President Donald Trump’s trade war with China and could even egg him on, but will offer tougher scrutiny of his negotiations with allies, trade experts and lawmakers say.Trump has imposed tariffs on $250 billion of Chinese goods to pressure Beijing to stop intellectual property...Read More

Euro zone wage rises becoming more and more permanent: ECB's Draghi

November 08, 2018 / www.kitco.com

DUBLIN (Reuters) - Nominal wage growth, the best predictor of inflation in the euro zone, is gradually improving and increasing so as a result of permanent features, the head of the European Central Bank said on Thursday.“Recent data, the last say six to 12 months’ data, shows that wages are gradually going up. They’re going up now because of temporary effects but more and more b...Read More

French prosecutors call for 3.7 billion euro fine against UBS

November 08, 2018 / www.kitco.com

PARIS (Reuters) - French prosecutors argued in a Paris court on Thursday for Swiss bank UBS AG (UBSG.S) to be fined 3.7 billion euros for helping wealthy French people evade taxes.After a seven-year investigation and aborted settlement negotiations, UBS faces accusations of laundering the proceeds of tax fraud and illegally soliciting clients in France.“Tax evasion is nothing more than theft...Read More

Wall Street rallies on U.S. elections; tech, health stocks lead

November 08, 2018 / www.kitco.com

(This Nov. 7 story corrects paragraph 8 to read “Brian Nick, chief investment strategist for Nuveen in New York,” instead of “Nuveen Asset Management”)By Sin?(C)ad CarewNEW YORK (Reuters) - Wall Street rose 2 percent on Wednesday, led by the technology and healthcare sectors as investors breathed a sigh of relief following the U.S. midterm elections and made bets that a div...Read More

Don't Bet On A Rollback From Walmart Stock This Holiday Season

November 08, 2018 / www.schaeffersresearch.com

WMT stock has historically done well during the holiday seasonEarnings season is in full swing, which is big for retail names because it runs right into the upcoming holiday season. Retail giant Walmart Inc (NYSE:WMT) is already putting in the work, announcing its earliest Black Friday opening in history. What's more, the company will report third-quarter earnings before the open next Thursday, No...Read More

The BoE Refuses To Release Venezuela's Gold Worth $550 Million - Reports

November 08, 2018 / www.kitco.com

(Kitco News) - The Bank of England (BoE) is reportedly refusing to release gold bars worth just over $550 million to President Nicolas Maduro, who fears that U.S. sanctions against Venezuela would restrict access to that gold in the future, according to media reports.Maduro is attempting to repatriate at least 14 tonnes of gold the BoE is currently storing, the British newspaper The Times and Reut...Read More

The BoE Refuses To Release Venezuela's Gold Worth $550 Million - Reports

November 08, 2018 / www.kitco.com

(Kitco News) - The Bank of England (BoE) is reportedly refusing to release gold bars worth just over $550 million to President Nicolas Maduro, who fears that U.S. sanctions against Venezuela would restrict access to that gold in the future, according to media reports.Maduro is attempting to repatriate at least 14 tonnes of gold the BoE is currently storing, the British newspaper The Times and Reut...Read More

Stocks Mixed With Oil, Fed in Focus

November 08, 2018 / www.schaeffersresearch.com

The Fed isn't expected to raise rates this afternoonThe U.S. stock market is mixed ahead of this afternoon's policy update from the Fed, due at 2 p.m. ET. Although no action is anticipated this time around, Wall Street will be looking for hints of an expected December rate hike and the central bank's 2019 policy timeline. Oil prices are also in focus, with December-dated crude futures down 0.9% at...Read More

SEC, EtherDelta founder settle charges over operating unregistered exchange

November 08, 2018 / www.kitco.com

(Reuters) - The U.S. Securities and Exchange Commission (SEC) said on Thursday it settled charges against Zachary Coburn, the founder of cryptocurrency token trading platform EtherDelta, over operating an unregistered securities exchange.EtherDelta users executed more than 3.6 million orders for ERC20 tokens over a period of 18 months, including tokens that are securities under the Federal Securit...Read More

VW plans Tesla rival electric car for less than 20,000 euros: source

November 08, 2018 / www.kitco.com

FRANKFURT (Reuters) - Volkswagen (VOWG_p.DE) will offer a Tesla-rivalling electric car costing below 20,000 euros ($22,836) and convert three of its factories into electric car plants as part of a far-reaching overhaul, a source familiar with the deliberations told Reuters.The electric car, known as “MEB entry” is being readied for a production volume of 200,000 vehicles, while a mid s...Read More

This Could Be the Biggest IPO Since Facebook

November 08, 2018 / www.schaeffersresearch.com

One private company has been minting millionaires, and it's about to go public.Sensitive details about a potential new IPO have been "leaked" from this secure facility in Pittsburgh, PA...40 of the world's top researchers are working on a breakthrough that could be worth $15 TRILLION. So for anyone who missed out on Google, Facebook or even Alibaba - this is thebest chance to cash in right now....Read More

Integra hits highest grade results to date at Florida Mountain

November 08, 2018 / www.mining.com

The first exploration program in over 25 years at Integra Resource Corp.'s (TSXV: ITR) DeLamar project in southern Idaho is turning up some high-grade results.The company is drilling more than 20,000 metres this year at the project's DeLamar and Florida Mountain gold and silver deposits, which sit about 5 km apart in the historic Oowyhee County mining district about 80 km south of Boise, the stat...Read More

Integra hits highest grade results to date at Florida Mountain

November 08, 2018 / www.mining.com

The first exploration program in over 25 years at Integra Resource Corp.'s (TSXV: ITR) DeLamar project in southern Idaho is turning up some high-grade results.The company is drilling more than 20,000 metres this year at the project's DeLamar and Florida Mountain gold and silver deposits, which sit about 5 km apart in the historic Oowyhee County mining district about 80 km south of Boise, the stat...Read More

Respect our choices, China's Xi says ahead of Trump G20 meeting

November 08, 2018 / www.kitco.com

BEIJING (Reuters) - China wants to resolve problems with the United States through talks but it must respect China’s choice of development path and interests, President Xi Jinping said on Thursday ahead of a meeting with the U.S. leader in Argentina.China and the United States have put tariffs on hundreds of billions of dollars of each other’s goods and U.S. President Donald Trump has...Read More

Trump ousts Sessions, vows to fight Democrats if they launch probes

November 08, 2018 / www.kitco.com

WASHINGTON (Reuters) - President Donald Trump forced out his attorney general on Wednesday and threatened to fight back if Democrats use their new majority in the U.S. House of Representatives to launch investigations into his administration and finances.Trump came out swinging a day after his Republicans lost control of the House, and followed through on repeated threats to remove Attorney Genera...Read More

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