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Kitco News Gold Survey: Dollar's Pain To Mean Gold's Gain

January 12, 2018 / www.kitco.com

(Kitco News) - Traders and analysts who take part in the weekly Kitco News gold survey look for the recent weakness in the U.S. dollar to continue underpinning gold in the next week. Wall Street Bullish Bearish Neutral VS Main Street Bullish Bearish Neutral Those who disagree suggest the greenback’s slide may be due for a pause, which in turn could take away...Read More

CANADA STOCKS-TSX little changed; rise in lumber offsets drop in pot stocks

January 12, 2018 / www.kitco.com

* TSX up 1.42 points, or 0.01 percent, to 16,288.36* Six of the TSX's 10 main groups move lower* Index on track for 0.3 percent fall on week TORONTO, Jan 12 (Reuters) - Canadian lumber companies jumped and the country's marijuana producers fell on Friday, while heavyweight resource and financial stocks also moved in different directions, leaving the main Toronto equity index little changed in mor...Read More

EU exchanges align with Zurich after MiFID II tick size mismatch

January 12, 2018 / www.kitco.com

By Helen BartholomewLONDON, Jan 12 (IFR) - European stock exchanges, including Cboe Europe and Aquis Exchange, have aligned minimum pricing increments for Swiss share trading with Zurich's SIX Swiss Exchange, which some believe may have been granted an unintended competitive advantage by MiFID II. The Swiss bourse saw its market share in domestic securities jump to 75% at the start of 2018 - up 10...Read More

FOREX-Euro surges to 3-year high on ECB tapering hopes

January 12, 2018 / www.kitco.com

* Euro trades at highest since late 2014* Dollar index hits 4-month low* Bitcoin bounces after 11 pct fall (Updates prices and market activity to U.S. market open, changes dateline; previous LONDON)By Saqib Iqbal AhmedNEW YORK, Jan 12 (Reuters) - The dollar slumped to a more than three-year low against the euro on Friday, as the common currency extended its gains on hopes that European Central Ban...Read More

3 Gold Stocks Popping on Bullish Brokerage Notes

January 12, 2018 / www.schaeffersresearch.com

News of a political breakthrough for German Chancellor Angela Merkel has the U.S. dollar cooling against the euro. In turn, February gold futures are flirting with four-month highs, while a fresh round of bullish brokerage notes is also drawing attention to gold stocks. Among those in focus are Agnico Eagle Mines Ltd (NYSE:AEM), Barrick Gold Corp (NYSE:ABX), and Yamana Gold Inc. (NYSE:AUY). Here'...Read More

Twitter Stock Just Hit a 2-Year High, and One Analyst Thinks the Rally's Just Begun

January 12, 2018 / www.schaeffersresearch.com

Twitter Inc (NYSE:TWTR) has been a long-time punching bag for Wall Street, but the social media stock has been a technical outperformer since bottoming at $14.12 last April. In fact, it just surged 42.3% in the fourth quarter. This technical strength is continuing today, with the shares last seen trading at a two-year high of $25.70, as a bullish analyst note has lifted TWTR stock 5.8% this mornin...Read More

EURO DEBT SUPPLY-Four euro zone countries to sell bonds next week

January 12, 2018 / www.kitco.com

LONDON, Jan 12 (Reuters) - Four euro zone countries are scheduled to sell bonds in the coming week via auction. * On Monday, Slovakia will reopen bonds maturing in January 2027 and March 2037 and is expected to raise up to 300 million euros, according to analysts. * On Wednesday, Germany is to sell 1.5 billion euros of 30-year bonds. * On Thursday, France plans to sell 6.5-7.5 billion euros of thr...Read More

US STOCKS-Wall Street higher as consumer and bank stocks gain

January 12, 2018 / www.kitco.com

* Consumer prices rise 0.3 pct in Dec. vs est. rise of 0.2 pct* Retail sales up 0.4 pct vs est increase of 0.4 pct* Facebook falls after making changes to News Feed* Indexes up: Dow 0.42 pct, S&P 0.19 pct, Nasdaq 0.07 pct (Updates to open)By Sruthi ShankarJan 12 (Reuters) - Wall Street's main indexes were higher on Friday as strongDecember retail sales data drove gains in consumer stocks and b...Read More

German coalition blueprint aims for higher renewable quota

January 12, 2018 / www.kitco.com

FRANKFURT, Jan 12 (Reuters) - A blueprint for talks on Germany's next coalition governmentcirculated on Friday spelled out measures to achieve a renewable quota of 65 percent in the power mix by 2030.* Negotiators said they plan tenders for 4 gigawatts (GW) of photovoltaics and 4 GW onshore wind as well as an unspecified offshore wind energy contribution for 2019 and 2020* This will help achieve t...Read More

Analyst Downgrades EA Stock Amid Star Wars Troubles

January 12, 2018 / www.schaeffersresearch.com

Electronic Arts Inc. (NASDAQ:EA) is down 0.8% to trade at $111.00 this morning, after Morgan Stanley downgraded the video game stock to "equal weight" from "overweight," while issuing a price-target cut to $120 from $126. Morgan Stanley cited weak digital revenue for its "Star Wars" game, as well as the company's conservative stance on upcoming titles, as reasons for the downgrade. SunTrust Robins...Read More

Facebook Stock Tests Key Support After Rare Downgrade

January 12, 2018 / www.schaeffersresearch.com

Facebook, Inc. (NASDAQ:FB) is falling in early trading, after CEO Mark Zuckerberg, announced that the social media platform will be filtering its News Feed to prioritize what's been shared by a user's family and friends, as opposed to non-advertising content produced by publishers and other businesses. Zuckerberg said he expects the shift to have a negative impact on user engagement and time spent...Read More

Norway central bank awards NOK 73 bln in F-deposits

January 12, 2018 / www.kitco.com

OSLO, Jan 12 (Reuters) - Norway's central bank has awarded 73 billion Norwegian crowns ($9.17 billion) in an F-deposit for Jan 12-15, with a highest rate of 0.50 percent, it said on Friday.Overall demand in the auction was for 79.82 billion crowns.Allocation at the highest rate was 88.86 percent, the central bank added.($1 = 7.9611 Norwegian crowns) (Reporting by Oslo newsroom) Disclaimer: The vi...Read More

CANADA STOCKS-TSX flat as resource stock losses offset lumber jump

January 12, 2018 / www.kitco.com

TORONTO, Jan 12 (Reuters) - Canada's main stock index opened flat on Friday, as resources stocks and marijuana producers weighed, lumber companies bounced higher and an oil and gas explorer jumped after announcing a reduced capital spending plan. The Toronto Stock Exchange's S&P/TSX composite index was up 17.49 points, or 0.11 percent, to 16,304.43 shortly after the open. It is heading for a 0...Read More

Planetary Resources a step closer to mining asteroids with spacecraft launch

January 12, 2018 / www.mining.com

US-based Planetary Resources is now a step closer to begin mining asteroids as it successfully launched Thursday night its Arkyd-6 spacecraft, the company's second technology for celestial bodies-observing tests.The Redmond, Washington-based firm had been working on its Arkyd-6 imaging satellite for years with the goal of developing a tool able to deliver affordable, on-demand intelligence of n...Read More

Terrax to buy Ptarmigan mine for $5K, 40,000 shares

January 12, 2018 / www.stockwatch.com

Mr. Joseph Campbell reportsTERRAX ACQUIRES PTARMIGAN MINE PROPERTY ON EASTBELT, YELLOWKNIFE CITY GOLDTerrax Minerals Inc. has entered into an agreement to acquire the Ptarmigan mine property, located within its Eastbelt property at the Yellowknife City gold project.The Ptarmigan mine was a gold producer in the Yellowknife gold district from 1941 to 1942, in 1983, and from 1985 to 1997.The main Pta...Read More

Terrax to buy Ptarmigan mine for $5K, 40,000 shares

January 12, 2018 / www.stockwatch.com

Mr. Joseph Campbell reportsTERRAX ACQUIRES PTARMIGAN MINE PROPERTY ON EASTBELT, YELLOWKNIFE CITY GOLDTerrax Minerals Inc. has entered into an agreement to acquire the Ptarmigan mine property, located within its Eastbelt property at the Yellowknife City gold project.The Ptarmigan mine was a gold producer in the Yellowknife gold district from 1941 to 1942, in 1983, and from 1985 to 1997.The main Pta...Read More

Dow Signals Another Record High as Tech Futures Lag

January 12, 2018 / www.schaeffersresearch.com

Futures on the Dow Jones Industrial Average (DJI) are trading well above fair value, after the blue-chip index closed at a fresh record high on Thursday. Traders are cheering signs of political stabilization in Germany -- where Chancellor Angela Merkel's CDU party and Martin Schulz's Social Democratic party have reportedly agreed to an outline to begin formal coalition negotiations -- as well as d...Read More

Markets Are Crazy; Gold Trying To Break Out To Upside

January 12, 2018 / www.kitco.com

The equity markets have been as crazy as I have seen since the Internet bubble of the 1990s with one major difference -- they never go down. The dot.com craze was wild in both directions; stocks always ended up higher but had major swings of 3% to 5%. Today's market has not seen a down move of 3% in two years, which is the longest such period in history. For the last month, the gold market has bee...Read More

Markets Are Crazy; Gold Trying To Break Out To Upside

January 12, 2018 / www.kitco.com

The equity markets have been ascrazy as I have seen since the Internet bubble of the 1990s with one majordifference -- they never go down. The dot.com craze was wild in bothdirections; stocks always ended up higher but had major swings of 3% to 5%.Today's market has not seen a down move of 3% in two years, which is thelongest such period in history.For the last month, the gold market has been acti...Read More

Indonesia Inalum Receives Mandate to Buy Freeport Stake

January 12, 2018 / www.4-traders.com

By I Made SentanaJAKARTA-PT Indonesia Asahan Aluminium, or Inalum, got the mandate Friday to buy a 41.64% stake in the local unit of Freeport-McMoRan Inc., but the two parties haven't reached an agreement on the value of the stake. The move will increase the state-owned company's ownership to 51% from 9.36%, which is currently held by the government. After years of negotiation, the U.S. mining com...Read More

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