Carl Icahn came out swinging against the AmTrust Financial boardStocks are a mixed bag this afternoon, as traders weigh some lackluster big-cap earnings against renewed trade concerns with China. Among stocks making particular noise today, Google parent Alphabet Inc (NASDAQ:GOOGL) and retailer Nordstrom, Inc. (NYSE:JWN) are headed lower, while banking concern AmTrust Financial (NASDAQ:AFSI) is...Read More
The World Gold Council today launched a one-off essay collection, Gold 2048, bringing together industry-leading experts from across the globe to analyse how the gold market is set to evolve in the next 30 years.Key conclusions emerging from authors such as George Magnus, senior economist; Rick Lacaille, Global Chief Investment Officer of State Street Global Advisors; and Michelle Ash, Chief Innova...Read More
The World Gold Council today launched a one-off essay collection, Gold 2048, bringing together industry-leading experts from across the globe to analyse how the gold market is set to evolve in the next 30 years.Key conclusions emerging from authors such as George Magnus, senior economist; Rick Lacaille, Global Chief Investment Officer of State Street Global Advisors; and Michelle Ash, Chief Innova...Read More
--Glencore PLC may face a formal bribery investigation in the U.K. over its dealings in the Congo, Bloomberg reports, citing unnamed sources. --The U.K.'s Serious Fraud Office is planning to seek formal approval for a probe into Glencore's dealings in the Congo, including its work with Israeli billionaire Dan Gertler, says Bloomberg. --Glencore shares fell over 8% following the report. Glencore de...Read More
Plus, 5 tips for choosing short-term optionsOne of the major factors that influences the price of an option is implied volatility (IV). In simplest terms, implied volatility is the anticipated movement of an underlying equity over a certain time frame. For options traders, its important to be aware of implied volatility and any fluctuations, because this metric plays a substantial role in determi...Read More
Gold finished a withering week with a slight gain on Friday, as a pickup in a benchmark Treasury yield to its highest level since 2011 and a resurgence in the U.S. dollar moderated somewhat. Those factors throughout the week combined to decisively knock the commodity in to a downtrend and its worst weekly decline in five months. June gold GCM8, +0.18% rose $1.90, or nearly 0.2%, to settle at $1,2...Read More
Prince Harry and Meghan Markle will marry on SaturdayUnless you've been living under a rock, you're probably aware that Britain's Prince Harry and American actress Meghan Markle are getting married at Windsor Castle this weekend. The couple's nuptials are expected to inject more than $1.4 billion into the U.K. economy, with much of that stemming from tourism -- a possible boon for travel stock Tri...Read More
(Kitco News) - After the biggest weekly drop in five months, gold bulls are not ready to give up their tug of war against the bears just yet, according to analysts.As gold gets ready to close the week below $1,300 an ounce for the first time this year, analysts are scrambling to project where the yellow metal might head next when the dust finally settles.After posting the largest decline since Dec...Read More
Several tech stocks made outsized moves this weekAlthough the Dow is on track to eke out a win today, it was a relatively quiet week on Wall Street. Continued trade talks with China dulled investor confidence toward the end of the week, as President Donald Trump made it clear that he was doubtful a successful agreement would be made. The blue-chip index snapped its eight-day winning streak on Tu...Read More
Today LME Data – Metal Stock Inventory : 18/05/2018 ALUMINIUM -5600 MT,COPPER +1275 MT,NICKEL -306 MT,LEAD +1700 MT,TIN +5 MT ANDZINC -175 MTAFTER POST CONTENT Read More
Copper Call – SELL 2 lot Copper at CMP 462.70 for Target 460 – 459 with SL Above price 465AFTER POST CONTENT Read More
FREE MCX LEAD TIPS TODAYMcx Lead Tips Today – SELL Lead at CMP 160.10 for Target 159.10 – 158.70 with SL Above price 161.05. RISK taker trade 2 lotsAFTER POST CONTENT Read More
A massive put spread was initiated on XBIMany of the top losers on the Nasdaq today are biotech stocks, and options data on the SPDR S&P Biotech ETF (XBI) suggests at least one trader is confident more downside is ahead in the coming weeks. Specifically, someone seemingly initiated a long put spread by buying to open 9,700 June 92 puts and selling a same-sized block of the June 82 puts. Subtracti...Read More
HONG KONG (Reuters) - Rising demand for battery materials cobalt and lithium infused some optimism into an otherwise cautious London Metal Exchange (LME) Asia Week, amid a backdrop of slowing growth in China and escalating trade tensions between it and the United States.In the event's first ever session on battery materials in Hong Kong, Chinese cobalt producers such as Jinchuan Group Internationa...Read More
LONDON (Reuters) - Glencore (GLEN.L) on Friday said it could not comment on a report by Bloomberg that it may face an enquiry from Britain’s Serious Fraud Office into allegations of bribery linked to its operations in Democratic Republic of Congo.Glencore’s share price traded around 6 percent lower after the Bloomberg report.No-one at the SFO was immediately available for comment.Repor...Read More
(Bloomberg) - China tightened its grip on the global supply chain for battery raw materials as Tianqi Lithium Corp. struck a deal to take a $4.1 billion stake in Chilean rival SQM, the second-largest lithium producer.Chengdu-based Tianqi is seeking to almost triple production capacity through 2020, part of an aggressive expansion by Chinese companies to tie up sources of the metals and chemicals...Read More
China denied reports it offered the U.S. a $200 billion surplus cutStocks are trading mixed at midday, with the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) lower, as tech stocks slip and amid concerns about China and U.S. trade talks. President Donald Trump yesterday made it clear that he was doubtful a successful agreement would be made. Today, China denied reports that it offered the U.S....Read More
(Bloomberg) - The new era of big batteries has already drawn scrutiny after fiery electric-car crashes across America and Europe. Now, U.S. city planners are worried about the same risk of hard-to-control blazes as these power-storage units make their way into basements and onto rooftops."You can have these things go on fire, and then hours or days later, they can reignite," presenting a new chal...Read More
Free Nickel Trading Tips – Nickel BUY Call 907 Advised at 989.30 Achieved 1st Target 999. CMP 1000.30. Total profit of 11 x 2 lot = 22 PointsTIPS ID 907 : Nickel Tips - BUY 2 lot Nickel Today at between 989.30 - 990.30 (CMP 989.30) for Tomorrow Target Level 999 - 1006 with SL below price 979AFTER POST CONTENT Read More
Eight years after the adoption of the world's first Glacier Protection Law, Argentina's Glacier Institute (the IANIGLA) finally released the official version of Argentina's first complete glacier inventory. The IANIGLA has registered 16,968 glaciers, which are now precisely identified and fully protected by Argentina's Glacier Law, the first of its kind anywhere on the planet. The results of this...Read More