Recent News

Out with the #gold: The big #data, AI #mining revolution

June 20, 2018 / ow.ly

At the recent Big Data and AI conference held in Toronto, the topic of mining disruption through technology was front and center. Speaker Denis Laviolette, president and CEO of Gold Spot Discovery, highlighted the need for the mining sector to embrace recent advancements.Read full newsRead More

What are indicator and pathfinder minerals, and how do explorers use them? We break down the basics here:

June 20, 2018 / ow.ly

Indicator and pathfinder minerals help explorers narrow down the search area for many different types of ore deposits, including gold.Read full newsRead More

Dow Extends Slide as Nasdaq, Russell 2000 Nab Record Highs

June 20, 2018 / www.schaeffersresearch.com

FAANG stocks helped the Nasdaq outperformAfter starting the session with a triple-digit gain, the Dow ultimately finished in the red, marking its seventh straight daily loss. Lingering concerns about a global trade war weighed on the index -- which is booting General Electric (GE) in favor of Walgreens Boots Alliance (WBA). In sunnier news, the S&P 500 and Nasdaq broke out of their slumps, with th...Read More

Nasdaq hits record high; Dow remains under pressure

June 20, 2018 / www.kitco.com

(Reuters) - The Nasdaq touched a record on Wednesday, lifted by a climb in large-cap tech and consumer discretionary names, while the Dow and S&P 500 were hemmed in as concerns over an escalation in the U.S.-China trade spat simmered.Twenty-First Century Fox Inc climbed 7.8 percent after Walt Disney Co, up 0.7 percent, sweetened its offer for some of the company’s assets to $71.3 billion...Read More

U.S. money market assets decreased in latest week: iMoneyNet

June 20, 2018 / www.kitco.com

NEW YORK (Reuters) - U.S. money market fund assets decreased by $65.25 billion to $2.762 trillion in the week ended June 19, the Money Fund Report said on Wednesday.Taxable money market fund assets decreased by $63.62 billion to $2.626 trillion, while tax-free assets decreased by $1.63 billion to $136.06 billion, according to the report, published by iMoneyNet.The iMoneyNet Money Fund Average 7-Da...Read More

Nasdaq hits record high; Dow remains under pressure

June 20, 2018 / www.kitco.com

(Reuters) - The Nasdaq touched a record on Wednesday, lifted by a climb in large-cap tech and consumer discretionary names, while the Dow and S&P 500 were hemmed in as concerns over an escalation in the U.S.-China trade spat simmered.Twenty-First Century Fox Inc climbed 7.8 percent after Walt Disney Co, up 0.7 percent, sweetened its offer for some of the company’s assets to $71.3 billion...Read More

U.S. lawmakers want Google to reconsider links to China's Huawei

June 20, 2018 / www.kitco.com

WASHINGTON (Reuters) - A group of Republican and Democratic U.S. lawmakers asked Alphabet Inc’s (GOOGL.O) Google on Wednesday to reconsider its work with Chinese telecommunications firm Huawei Technologies Co Ltd [HWT.UL], which they described as a security threat.In a letter to Google Chief Executive Sundar Pichai, the lawmakers said Google recently decided not to renew “Project Maven...Read More

UK's upper house of parliament approves government's Brexit law

June 20, 2018 / www.kitco.com

LONDON (Reuters) - Britain’s upper house of parliament approved Prime Minister Theresa May’s Brexit bill on Wednesday, ending months of parliamentary debate over the legislation that will formally end the country’s European Union membership.Lords approved the government’s plan without a vote after a rebellion by those who wanted parliament to have a greater influence over t...Read More

U.S. crude jumps on stock draw; Brent slips ahead of OPEC meet

June 20, 2018 / www.kitco.com

NEW YORK (Reuters) - U.S. crude futures rose nearly 2 percent on Wednesday, supported by a drop in domestic inventories, while Brent edged down ahead of an OPEC meeting later this week that may result in increased global production.U.S. crude inventories USOILC=ECI fell 5.9 million barrels last week, the largest one-week decline since January, the Energy Information Administration said on Wednesda...Read More

Trump signs executive order to keep immigrant families together

June 20, 2018 / www.kitco.com

WASHINGTON (Reuters) - President Donald Trump, addressing what his administration has characterized as an unwanted side effect of his zero-tolerance policy on illegal immigration, signed an executive order on Wednesday to keep families who illegally cross the U.S. southern border together as they await immigration proceedings.“It’s about keeping families together while at the same time...Read More

U.S. crude jumps on stock draw; Brent slips ahead of OPEC meet

June 20, 2018 / www.kitco.com

NEW YORK (Reuters) - U.S. crude futures rose nearly 2 percent on Wednesday, supported by a drop in domestic inventories, while Brent edged down ahead of an OPEC meeting later this week that may result in increased global production.U.S. crude inventories USOILC=ECI fell 5.9 million barrels last week, the largest one-week decline since January, the Energy Information Administration said on Wednesda...Read More

Global stocks recover from selloff; yields rise on Powell comments

June 20, 2018 / www.kitco.com

NEW YORK (Reuters) - Stocks on world markets edged higher on Wednesday, recovering from a recent selloff on rapidly escalating China-U.S. trade tensions, while Treasury yields rose after the Federal Reserve chairman said the U.S. central bank should continue with a gradual pace of interest rate increases.Fed Chairman Jerome Powell said the pace should stay the same given that the labor market does...Read More

Deutsche Bank to pay $205 mln to settle NY currency rigging charges

June 20, 2018 / www.kitco.com

June 20 (Reuters) - Deutsche Bank AG has agreed to pay a fine of $205 million for violations of New York’s banking laws, the state’s department of financial Services said on Wednesday.Violations, that took place between 2007 and 2013, include efforts to improperly coordinate trading activity through online chat rooms, sharing confidential customer information, trading aggressively to r...Read More

Global stocks recover from selloff; yields rise on Powell comments

June 20, 2018 / www.kitco.com

NEW YORK (Reuters) - Stocks on world markets edged higher on Wednesday, recovering from a recent selloff on rapidly escalating China-U.S. trade tensions, while Treasury yields rose after the Federal Reserve chairman said the U.S. central bank should continue with a gradual pace of interest rate increases.Fed Chairman Jerome Powell said the pace should stay the same given that the labor market does...Read More

Azincourt Energy has the biggest stake in a promising lithium district

June 20, 2018 / www.mining.com

In the Earth full of metals and minerals, not all lithium is created equal. Much of the world's current lithium production is derived from lithium-containing brine extracted from underground pools and concentrated by solar evaporation, the majority of which occurs in South America. Extracting economic lithium concentrate from brine waters involves evaporation in large ponds, is weather dependent,...Read More

2 Stocks Hitting Record Highs Today

June 20, 2018 / www.schaeffersresearch.com

One is soaring on buyout buzz, and the other on a nod from the FDAStocks are trading mixed this afternoon, with the Dow giving up this morning's gains -- pacing for its seventh straight loss. Three individual stocks making noteworthy moves are drugmaker Anika Therapeutics Inc (NASDAQ:ANIK), implantable eye lens maker STAAR Surgical Company (NASDAQ:STAA), and online payment platform PayPal Ho...Read More

Call Buyers Blast Stitch Fix Stock Amid Oprah Rumors

June 20, 2018 / www.schaeffersresearch.com

SFIX shares again topped out near the $30 markStitch Fix Inc (NASDAQ:SFIX) stock traded as high as $29.93 earlier, thanks to rumors that Oprah Winfrey was considering taking a stake in the company -- rumors that have since been denied. Nonetheless, SFIX stock is still up 4.1% to trade at $27.34, and options are trading at a blistering pace, as a number of traders bet on more upside from the shares...Read More

Analyst: Buy Shares of This FAANG Competitor

June 20, 2018 / www.schaeffersresearch.com

The brokerage firm also set a $207 price targetGoldman Sachs upgraded Ansys, Inc. (NASDAQ:ANSS) to "buy" from "neutral," and boosted its price target on the stock to $207 -- a 13% premium to current trading levels. The analyst in coverage said the engineering simulation software firm is well-positioned to withstand competition from big-cap tech companies like Amazon (AMZN) and Alphabet (GOOGL). At...Read More

.@brixtonmetals Announces Intention to Spin-out its #Cobalt Assets

June 20, 2018 / bit.ly

Brixton Metals Corporation (TSXV:BBB) (the "Company" or "Brixton") is pleased to announce the intention to spin-out its Cobalt assets located in the Cobalt Camp, Ontario into a standalone public company.Read full newsRead More

Nevada Copper continues to expand open-pit mineralization and provides positive project update

June 20, 2018 / www.mining.com

June 19, 2018 - Nevada Copper Corp. (TSX: NCU) ("Nevada Copper" or the "Company") is pleased to provide an operations and drill results update regarding the Underground and Open Pit projects at its 100%-owned, fully-permitted Pumpkin Hollow Project in Nevada.HighlightsEarly Underground construction works ramping up:Early construction works continue to ramp-up at the Pumpkin Hollow Underground pro...Read More

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