Recent News

Oil prices find support in trade talks and Mideast tensions

March 26, 2018 / www.kitco.com

LONDON (Reuters) - Crude oil futures slipped on Monday, but a rebound in stock markets and escalating Saudi-Iran tensions capped losses.Global stocks came off six-week lows on optimism that the United States and China are set to begin trade talks, easing fears about a trade war between the world’s two largest economies.The possibility of a full-blown trade war had weighed on the energy compl...Read More

U.S. and EU expel scores of Russian diplomats in response to nerve attack in UK

March 26, 2018 / www.kitco.com

LONDON/WASHINGTON (Reuters) - The United States said on Monday it would expel 60 Russian diplomats, joining governments across Europe in taking action against the Kremlin for a nerve agent attack on a former Russian spy in Britain that they have blamed on Moscow.It was the toughest action that U.S. President Donald Trump had taken against Russia since coming to office.British Foreign Secretary Bor...Read More

AMD Stock Downgraded on Crypto-Mining Competition Concerns

March 26, 2018 / www.schaeffersresearch.com

Advanced Micro Devices is sitting out today's chip stock surgeChip stocks sold off late last week on concerns over a possible trade war with China, and after Citigroup downgraded Micron (MU) on concerns over falling NAND prices. The sector is on the mend today, though, with Beijing reportedly willing to ramp up its purchase of U.S. semiconductors -- sending the VanEck Vectors Semiconductor ETF (SM...Read More

Analysts Remain Bullish On Facebook Stock Amid Data Backlash

March 26, 2018 / www.schaeffersresearch.com

Facebook's p/e ratio is the lowest it's ever beenFacebook Inc (NASDAQ:FB) stock got crushed last week, but Canaccord Genuity is saying this pullback is a buying opportunity. The brokerage firm reiterated its "buy" rating and $240 price target, saying it doesn't believe advertisers will shun the platform in a meaningful way. However, this preceded news that Pep Boys is temporarily pulling its ads f...Read More

Lundin closes $400-million financing to complete Ecuador gold project

March 26, 2018 / www.mining.com

Canada's Lundin Gold (TSX:LUG) has closed a $400-million financing that will help it complete the construction of its flagship Fruta del Norte gold project in Ecuador, expected to begin production in late 2019.The Vancouver-based company, which last month secured a $250-million investment from Newcrest Mining, which is part of the total announced today, said the Australian miner now owned 27.1%...Read More

Lundin closes $400-million financing to complete Ecuador gold project

March 26, 2018 / www.mining.com

Canada's Lundin Gold (TSX:LUG) has closed a $400-million financing that will help it complete the construction of its flagship Fruta del Norte gold project in Ecuador, expected to begin production in late 2019.The Vancouver-based company, which last month secured a $250-million investment from Newcrest Mining, which is part of the total announced today, said the Australian miner now owned 27.1%...Read More

Lundin closes $400-million financing to complete Ecuador gold project

March 26, 2018 / www.mining.com

Canada's Lundin Gold (TSX:LUG) has closed a $400-million financing that will help it complete the construction of its flagship Fruta del Norte gold project in Ecuador, expected to begin production in late 2019.The Vancouver-based company, which last month secured a $250-million investment from Newcrest Mining, which is part of the total announced today, said the Australian miner now owned 27.1%...Read More

What to Make of the Unprecedented VXX Action in 2018

March 26, 2018 / www.schaeffersresearch.com

Traders should watch the chart pattern taking shape for VXXThe following is a reprint of the market commentary from the April 2018 edition of The Option Advisor, published on March 23. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.We haven't quite put a full calendar quarter in the books yet for 2018, but it's...Read More

Trump-Induced Bull Run In Gold Continues Unabated

March 26, 2018 / seekingalpha.com

Gold continues upward on the trend reversal following the 2016 election.The outlook for increasing deficits and debt is bullish for the precious metal.Geopolitical risks are rising as Trump replaces administration diplomats with "hard-liners".Meantime, China's new yuan based oil futures contract could put more pressure on the American "petrodollar". Source: APMEX The outloo...Read More

Gold Broke Out Of Its Range; Is $1,484 Next?

March 26, 2018 / seekingalpha.com

The forecast that we made on September 28, 2017, indicated that the targets for gold in 2018 were bullish and were in the $1,386 to $1,484 range.If we look at the gold market, we have been in a trading range until recently of about $50, and we recently broke out of this trading range.The VC PMI is identifying that we have entered a level of supply and overbought conditions short term.Looking Back?...Read More

FREE MCX TIPS Mcx Lead Tips – SELL Lead Mini at CMP 152.20 for Target 151.10 – 150.50 with SL Above price 153.25

March 26, 2018 / mcx.freetips.tips

MCX LEAD TIPS TODAYMcx Lead Tips – SELL Lead Mini at CMP 152.20 for Target 151.10 – 150.50 with SL Above price 153.25AFTER POST CONTENT Read More

Copper Hold Positional Call 1da Suggested SELL at Price 446 Achieved 1st Target 430. CMP 428. Total Profit made 18 Point x 2 lot = 36 Points / Rs 36000

March 26, 2018 / mcx.freetips.tips

COPPER HOLD POSITIONAL CALLCopper Hold Positional Call 1da Suggested SELL at Price 446 Achieved 1st Target 430. CMP 428. Total Profit made 18 Point x 2 lot = 36 Points / Rs 36000TIPS ID 1da : Copper Positional Call - SELL Copper Mcx April at CMP 446 for Target 430 - 425 with SL Above price 453. Trade Multi lotsAFTER POST CONTENT Read More

Gold Pushes To 5-Wk. High As Traders "Buy The Dip"

March 26, 2018 / www.kitco.com

(Kitco News) - Gold pricesare modestly up and hit a five-week high in mid-morningtrading Monday. After some overnight weakness, traders stepped in to buy thedip in prices. The gold market is also getting a lift from a weaker U.S. dollartoday, as the U.S. dollar index has dropped to a five-week low. Aprilgold waslast up $2.60 an ounce at $1,352.60. By Jim Wyckoff For Kitco NewsFollow @jimwyckoffjwy...Read More

China's premier pledges market opening in bid to avert U.S. trade war

March 26, 2018 / www.kitco.com

BEIJING (Reuters) - Premier Li Keqiang said on Monday China and the United States should maintain negotiations and he reiterated pledges to ease access for American businesses, as China scrambles to avert a trade war.Li told a conference that included global chief executives that China would treat foreign and domestic firms equally, would not force foreign firms to transfer technology and would st...Read More

Morgan Stanley Targets $1 Trillion Market Cap for Microsoft

March 26, 2018 / www.schaeffersresearch.com

Analysts aren't the only ones who are upbeat toward the Dow stockShares of Microsoft Corporation (NASDAQ:MSFT) are 4.6% higher to trade at $91.21, after the Dow stock received price-target hikes from Morgan Stanley to $130 from $110, and Evercore ISI to $110 from $108. While both stand in record-high territory, the former bull note represents expected upside of 49% to last Friday's close, with t...Read More

JD Sports Buyout Crushes Finish Line Short Sellers

March 26, 2018 / www.schaeffersresearch.com

Finish Line stock was heavily shorted coming into todayFinish Line Inc (NASDAQ:FINL) stock is surging today, up 29% at $13.62,after British sportswear retailer JD Sports agreed to buy the company for $558 million -- or $13.50 per share -- in an all-cash deal. The news has FINL stock on track for its best day since at least 2008. Prior to today's jump, Finish Line stock had desperately needed a sh...Read More

This New Blockchain Platform Aims to Give Gold a Digital Edge

March 26, 2018 / www.bloomberg.com

TradeWind Markets system also backed by IEX, Goldcorp'Most important thing' to hit gold market in decades: SprottBitcoin: What's Coming in the Year AheadCryptocurrencies and the blockchain were thought by some to replace gold as the ultimate haven against financial calamity. Now the gold market is using blockchain to kick back at crypto and bring precious metals into the digital age.TradeWind Mark...Read More

Wall Street jumps at open as trade war fears cool

March 26, 2018 / www.kitco.com

(Reuters) - Wall Street's main indexes surged 1.5 percent at the open on Monday after reports that the United States and China were willing to negotiate tariffs and trade imbalances to avert a trade war.The Dow Jones Industrial Average .DJI rose 394.94 points, or 1.68 percent, to 23,928.14. The S&P 500 .SPXgained 40.73 points, or 1.58 percent, to 2,628.99. The Nasdaq Composite .IXIC added...Read More

RT @alex_hamer: EY wants miners to realise they're in grave danger from the scary world of cyber attacks:

March 26, 2018 / bit.ly

Recent industrial closure shows automation vulnerabilitiesRead full newsRead More

UK says world's patience is wearing thin with Russia's Putin after chemical attack

March 26, 2018 / www.kitco.com

FRANKFURT (Reuters) - European Central Bank inspectors found shortcomings and miscalculations worth more than 10 billion euros when going through euro zone banks’ loan books last year, the ECB said on Monday.The ECB’s annual report on its work as the euro zone’s top banking watchdog shows some banks were found to be deficient in the way they identify problem customers and loans,...Read More

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