Recent News

California Gold drills 19.3 m of 2.06 g/t Au at Fremont

May 02, 2018 / www.stockwatch.com

Mr. Vishal Gupta reportsCALIFORNIA GOLD ANNOUNCES NEW HIGH-GRADE ASSAYS FROM THE QUEEN SPECIMEN ZONE - INTERSECTS 2.06 G/T AU ACROSS 19.3 M, INCLUDING 9.14 G/T AU ACROSS 0.5 M AND 5.11 G/T AU ACROSS 3.4 M AT FREMONT (TRUE WIDTHS ARE APPROXIMATELY 91% OF REPORTED INTERVALCalifornia Gold Mining Inc. has releasednew assay results from the continuing resource drilling program at the Queen Specimen zo...Read More

California Gold drills 19.3 m of 2.06 g/t Au at Fremont

May 02, 2018 / www.stockwatch.com

Mr. Vishal Gupta reportsCALIFORNIA GOLD ANNOUNCES NEW HIGH-GRADE ASSAYS FROM THE QUEEN SPECIMEN ZONE - INTERSECTS 2.06 G/T AU ACROSS 19.3 M, INCLUDING 9.14 G/T AU ACROSS 0.5 M AND 5.11 G/T AU ACROSS 3.4 M AT FREMONT (TRUE WIDTHS ARE APPROXIMATELY 91% OF REPORTED INTERVALCalifornia Gold Mining Inc. has releasednew assay results from the continuing resource drilling program at the Queen Specimen zo...Read More

Oil steady; surprise U.S. crude build seen focused on West Coast

May 02, 2018 / www.kitco.com

NEW YORK (Reuters) - Oil prices were flat on Wednesday, with U.S. crude up slightly as the market shrugged off a surprise build in U.S. crude inventories because the move was largely concentrated on the U.S. West Coast.Crude stockpiles posted a surprise build of 6.2 million barrels in the week, according to the U.S. Energy Information Administration. [EIA/S]. Nearly 5 million barrels were concentr...Read More

Tesla Options Traders Eye Inflated Premiums Ahead of Earnings

May 02, 2018 / www.schaeffersresearch.com

Call writers may be hoping to profit on a post-earnings volatility crushShort-term volatility expectations are elevated on Tesla Inc (NASDAQ:TSLA) ahead of the electric carmaker's first-quarter earnings report, due out after tonight's close, per the stock's 30-day at-the-money implied volatility of 54% -- in the 90th percentile of its annual range. And while this isn't too surprising given the unc...Read More

China reiterates call to continue upholding Iran nuclear deal

May 02, 2018 / www.kitco.com

BEIJING (Reuters) - China's foreign ministry on Wednesday reiterated that all sides should continue to uphold the Iran nuclear agreement, and that the International Atomic Energy Agency (IAEA) has said many times Iran is in compliance with the deal.Speaking at a daily news briefing, ministry spokeswoman Hua Chunying said China had noted reports about Israeli Prime Minister Benjamin Netanyahu unvei...Read More

FREE MCX TIPS Zinc Intraday – BUY Zinc at CMP 207.50 Add more at price 206.60 with SL 206 for Target 209 – 209.90

May 02, 2018 / mcx.freetips.tips

Zinc Intraday – BUY Zinc at CMP 207.50 Add more at price 206.60 with SL 206 for Target 209 – 209.90AFTER POST CONTENT Read More

Gold consolidated near $1310 area, FOMC awaited

May 02, 2018 / www.fxstreet.com

   •  A follow-through pickup in the US bond yields helps limit USD slide and cap gains.   •  Fading safe-haven demand also does little to provide any additional boost.    •  The highly anticipated FOMC statement would help determine the near-term trajectory. Gold held on to its recovery gains and now seems to have entered a bullish...Read More

Trump claims immunity, asks court to toss foreign payments suit

May 02, 2018 / www.kitco.com

WASHINGTON (Reuters) - President Donald Trump has again asked a U.S. court to dismiss a suit accusing him of flouting constitutional safeguards against corruption by refusing to separate himself from his business empire while in office, claiming “absolute immunity.”The lawsuit, filed by the state of Maryland and the District of Columbia, accused Trump of violating the U.S. Constitution...Read More

Buffett draws them in even as Berkshire comes up short

May 02, 2018 / www.kitco.com

(Reuters) - He thinks of himself as a teacher, and to many he is an icon. But to Wall Street, Warren Buffett is something quite different.A disappointment.Tens of thousands of Berkshire Hathaway Inc (BRKa.N) shareholders and fans may think otherwise as they flock to Omaha, Nebraska, this weekend to see Buffett, 87, and his longtime partner and fellow billionaire Charlie Munger, 94.The weekend will...Read More

Ron Paul: Buy Gold To Protect Against 50% Equity Correction

May 02, 2018 / www.kitco.com

(Kitco News)- Former Congressman and Presidential candidate Ron Paul is recommending investors look to gold to protect themselves from a correction in equity market.Tuesday, in an interview with CNBC, Paul said that he could see lower equity markets as the U.S. struggles with burgeoning debt."The deficit is skyrocketing like never before," Paul said in the interview. "The market is...Read More

Tech shares bask in Apple glow despite Fed trepidation

May 02, 2018 / www.kitco.com

LONDON (Reuters) - Forecast-beating results from the world’s biggest company, Apple, lifted tech shares on Wednesday, putting Wall Street on track for a firmer session despite some trepidation over a Fed meeting later in the day.Expectations the U.S. Federal Reserve will signal more policy tightening ahead kept investors wary of big market moves, especially after currency markets were roiled...Read More

FREE MCX TIPS Tips for nickel – SELL nickel if price below 924 (CMP 927.50) for Target 916 – 911 with SL Above price 931.5

May 02, 2018 / mcx.freetips.tips

Tips for nickel – SELL nickel if price below 924 (CMP 927.50) for Target 916 – 911 with SL Above price 931.5AFTER POST CONTENT Read More

Glencore is said to take Congo rift with Gertler to London court

May 02, 2018 / www.mining.com

Glencore Plc's clash with former partner Dan Gertler over unpaid royalties at a key Congolese copper mine deepened as the legal battle spread to a London court.The Swiss miner was on Tuesday granted a temporary injunction against the Israeli billionaire after petitioning the London court to rule against a Congolese judge's decision last week to freeze assets at its Kamoto Copper project, people fa...Read More

Wall Street edges lower on Fed nerves, Apple limits loss

May 02, 2018 / www.kitco.com

(Reuters) - U.S. stocks fell on Wednesday as caution set in ahead of the Federal Reserve’s regular policy statement, while strong results from Apple kept losses in check.Expectations the U.S. central bank will sound more hawkish on policy tightening kept investors wary of big market moves, especially after currency markets were roiled this week by the dollar’s surge to 3-1/2-month high...Read More

Glencore Secures Temporary Injunction Against Dan Gertler -FT

May 02, 2018 / www.4-traders.com

--Glencore won a temporary injunction against mining magnate Dan Gertler over $2.28 billion worth of royalties the Israeli businessman says he is owed by the Anglo-Swiss commodities trader, the Financial Times reports. --The FT says a London court granted the injunction after Mr. Gertler took legal action to freeze the company's Kamoto Copper Company mine in the Democratic Republic of Congo over t...Read More

Snap Stock Hits Record Low After Earnings, Downgrades

May 02, 2018 / www.schaeffersresearch.com

Shares of the Snapchat parent are on track for their worst day in nearly a yearSnap Inc (NYSE:SNAP) shares are down 20.4% to trade at $11.25, fresh off a new record low of $10.96, and the worst stock on the New York Stock Exchange (NYSE) today. Weighing on the equity is the company's lower-than-anticipated first-quarter revenue and daily active user growth, as well as a dismal current-quarter rev...Read More

EU proposes jump in crisis funding as U.S. steps back

May 02, 2018 / www.kitco.com

BRUSSELS (Reuters) - The European Union on Wednesday proposed a 26 percent rise in its foreign aid budget to 123 billion euros ($148 billion) and far larger defense spending for 2021-2027, as the bloc seeks to deepen its global influence while the United States pulls back.From Mexico to Myanmar, the economically powerful bloc’s foreign aid and development budget is a large part of the &ldquo...Read More

Bullish Options Prices Pop as Apple Stock Soars

May 02, 2018 / www.schaeffersresearch.com

Citigroup thinks the skepticism surrounding Apple is "overdone"Shares of Apple Inc. (NASDAQ:AAPL) are trading up 4% at $175.91, after the tech giant reported fiscal second-quarter profit of $2.73 per share on $61.14 billion in revenue, more than analysts were expecting. And while iPhone sales came in just below the forecast -- echoing recent concerns on Wall Street -- Apple gave upbeat current-qua...Read More

Apple Supplier Gets Much-Needed Bump Before Earnings

May 02, 2018 / www.schaeffersresearch.com

Apple suppliers are benefiting from the blue chip's earnings releaseOLED screen manufacturer and iPhone X supplier Universal Display Corporation (NASDAQ:OLED) is trading higher this morning, thanks to Apple's upbeatearnings. At last glance, Universal Display stock was up 1.8% at $91.40, even after Deutsche Bank slashed its price target to $135 from $170. Of course, this is just a drop in the bucke...Read More

Oil falls as U.S. production outweighs concerns over Iran nuclear deal

May 02, 2018 / www.kitco.com

LONDON (Reuters) - Oil fell for a second day on Wednesday, surrendering early gains after evidence of further increases in U.S. shale supply and a rise in Iranian exports ahead of a possible renewal of U.S. sanctions on Tehran.July Brent futures LCOc1 were down 43 cents at $72.70 a barrel by 1352 GMT, after falling nearly 3 percent on Tuesday to their lowest in two weeks.U.S. West Texas Intermedia...Read More

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