Recent News

Trump Sets China Tariff Plan, Edges Away From Global Trade War

March 22, 2018 / www.kitco.com

WASHINGTON (Reuters) - U.S. President Donald Trump signed a presidential memorandum on Thursday that could impose tariffs on up to $60 billion of imports from China, although his action was far removed from threats that could have ignited a global trade war.Under the terms of the memorandum, Trump will target the Chinese imports only after a consultation period, a measure that will give industry l...Read More

Filo Mining Reports 2017 Results

March 22, 2018 / bit.ly

Filo Mining Corporation (TSXV:FIL) (Nasdaq First North:FIL) ('Filo Mining' or the 'Company') is pleased to announce its results for year ended December 31, 2017.Read full newsRead More

Investors, lawmakers, advertisers pressure Facebook over data

March 22, 2018 / www.kitco.com

WASHINGTON/LONDON (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg’s apology for how his company handled 50 million users’ data did little on Thursday to ease investor worries about the cost to fix mistakes and lawmakers’ dismay that his response did not go far enough.Germany’s second-largest bank Commerzbank AG has suspended advertising on Facebook until further no...Read More

How Chart Support Helped Options Traders Score Big On NetApp Calls

March 22, 2018 / www.schaeffersresearch.com

NTAP shares found support just above their year-to-date breakevenSubscribers to Schaeffer's Event Trader service recently scored a 167% profit with the NetApp Inc. (NASDAQ:NTAP) March 55 call. We're going to take a look back to see why we were initially bullish on NTAP when we recommended the call, and how the options trade unfolded. We entered our bullish NTAP position on Monday, Feb. 12, two...Read More

CFTC 'astounded' as Congress prepares to cut budget

March 22, 2018 / www.kitco.com

WASHINGTON (Reuters) - The U.S. Commodity Futures Trading Commission (CFTC), which has pushed for a budget increase to fund its job of overseeing the multitrillion-dollar derivatives market, said on Thursday it was “absolutely astounded” that the U.S. Congress is preparing to cut its funding.The CFTC would receive $249 million in a recently released government funding bill that Congres...Read More

Instant View: U.S. stocks accelerate lower on trade worries

March 22, 2018 / www.kitco.com

NEW YORK (Reuters) - Major U.S. stock indexes fell as much as 2 percent on Thursday, where they were on track for the steepest drop since a Wall Street rout six weeks ago, gripped by the growing threat of a global trade war.U.S. President Donald Trump will sign a presidential memorandum on Thursday to potentially slap tariffs on $50 billion in Chinese imports over forced transfer of intellectual p...Read More

Gold Futures Firmer, But Off Highs As U.S. Dollar Index Rebounds

March 22, 2018 / www.kitco.com

(Kitco News) - Gold futuresprices were ending the Thursday U.S. day session modestly up but well down fromdaily highs. Meantime, the cash gold market was weaker today following its bigafternoon gains on Wednesday. A firming U.S. dollar index today somewhatlimited buying interest in the precious metals markets. April Comex gold futures were last up $3.90 an ounce at $1,325.40. May Comex silver was...Read More

Gold Futures Firmer, But Off Highs As U.S. Dollar Index Rebounds

March 22, 2018 / www.kitco.com

(Kitco News) - Gold futures prices were ending the Thursday U.S. day session modestly up but well down from daily highs. Meantime, the cash gold market was weaker today following its big afternoon gains on Wednesday. A firming U.S. dollar index today somewhat limited buying interest in the precious metals markets. April Comex gold futures were last up $3.90 an ounce at $1,325.40. May Comex silver...Read More

Verisign Looks to Extend Pre-Holiday Win Streak

March 22, 2018 / www.schaeffersresearch.com

VRSN is the top-performing S&P stock in the week leading up to EasterDomain name giant Verisign, Inc. (NASDAQ:VRSN) looks set to pop next week, if history is any indication. According to Schaeffer's Senior Quantitative Analyst Rocky White, VRSN is one of only three S&P 500 Index (SPX) stocks that boasts a 100% win rate during the holiday-shortened Good Friday week, looking at returns from the past...Read More

Landmark funding announced for Canada's largest First Nations led infrastructure project

March 22, 2018 / www.mining.com

THUNDER BAY, Ontario, March 22, 2018 (GLOBE NEWSWIRE) - One of the most ambitious and transformative infrastructure projects in Canada's history got the green light today with the Government of Canada and the Government of Ontario announcing funding for the Wataynikaneyap Power Transmission Line Project ("the Project") in the aggregate amount of $1.6 billion. The funding framework allows for a v...Read More

Oil retreats after failing to hit $70 a barrel

March 22, 2018 / www.kitco.com

LONDON (Reuters) - Oil prices fell on Thursday as investors booked profits after this week’s rally, but losses were limited by the continuing efforts of OPEC and its allies to curb supplies.Brent crude futures LCOc1 were down 66 cents at $68.81 a barrel by 1410 GMT, having retreated from a session peak of $69.70, close to its highest level since early February. U.S. West Texas Intermediate (...Read More

Look For Gold To Test $1,400 As Fed Risk Leaves The Market - State Street

March 22, 2018 / www.kitco.com

(Kitco News)- A weight has been lifted from the gold market after the Federal Reservesignaled Wednesday that it is in no hurry to raise rates faster than it wasalready expecting this year, according to one gold analyst.In a telephone interview with Kitco News, George Milling-Stanley, headof gold investments at State Street Global Advisors said that he now expectsgold prices to eventually retest th...Read More

Look For Gold To Test $1,400 As Fed Risk Leaves The Market - State Street

March 22, 2018 / www.kitco.com

(Kitco News) - A weight has been lifted from the gold market after the Federal Reserve signaled Wednesday that it is in no hurry to raise rates faster than it was already expecting this year, according to one gold analyst.In a telephone interview with Kitco News, George Milling-Stanley, head of gold investments at State Street Global Advisors said that he now expects gold prices to eventually rete...Read More

BHP sees limited impact on steel market from US new tariffs -exec

March 22, 2018 / www.mining.com

TOKYO, March 22 (Reuters) - Global miner BHP anticipates planned new U.S. steel import tariffs will have a limited impact on both the steel market and the firm, and doesn't foresee a chain reaction from other countries, a senior official said on Thursday."I think direct impact on steel is quite marginal because the United States is not such a big steel producer," Arnoud Balhuizen, chief commercial...Read More

BHP sees limited impact on steel market from US new tariffs -exec

March 22, 2018 / www.mining.com

TOKYO, March 22 (Reuters) - Global miner BHP anticipates planned new U.S. steel import tariffs will have a limited impact on both the steel market and the firm, and doesn't foresee a chain reaction from other countries, a senior official said on Thursday."I think direct impact on steel is quite marginal because the United States is not such a big steel producer," Arnoud Balhuizen, chief commercial...Read More

Congress rushes to pass funding bill before Friday deadline

March 22, 2018 / www.kitco.com

WASHINGTON (Reuters) - The U.S. Congress raced on Thursday to approve a massive spending bill and send it to President Donald Trump before a midnight Friday government shutdown deadline, in a move that would significantly boost defense and non-military funding through Sept. 30.The House of Representatives cleared the way for a vote on the measure later on Thursday, voting 211-207 to open debate. I...Read More

Can Theresa May crack Europe on Brexit trade? Not yet

March 22, 2018 / www.kitco.com

BRUSSELS (Reuters) - Signs of cracking in the European Union’s common front on Brexit may encourage hopes in London that Prime Minister Theresa May can exploit continental divisions to secure British advantage.But EU leaders and diplomats, as well as some British Brexit experts, argue that May risks disappointment in that quest, as Germany leads a push to prevent London unraveling the EU sin...Read More

As commodities roar, Africa wants bigger slice of mining pie

March 22, 2018 / www.mining.com

(Bloomberg) - One by one, the biggest names in African mining are getting squeezed. The tactics might be blunt, but the message is clear: the countries where they operate want a bigger share of the proceeds.The collapse in commodities through 2015 hobbled some of Africa's biggest resource economies, stunting growth and leaving budgets short. Since then a recovery in prices has sent the continent'...Read More

As commodities roar, Africa wants bigger slice of mining pie

March 22, 2018 / www.mining.com

(Bloomberg) - One by one, the biggest names in African mining are getting squeezed. The tactics might be blunt, but the message is clear: the countries where they operate want a bigger share of the proceeds.The collapse in commodities through 2015 hobbled some of Africa's biggest resource economies, stunting growth and leaving budgets short. Since then a recovery in prices has sent the continent'...Read More

As commodities roar, Africa wants bigger slice of mining pie

March 22, 2018 / www.mining.com

(Bloomberg) - One by one, the biggest names in African mining are getting squeezed. The tactics might be blunt, but the message is clear: the countries where they operate want a bigger share of the proceeds.The collapse in commodities through 2015 hobbled some of Africa's biggest resource economies, stunting growth and leaving budgets short. Since then a recovery in prices has sent the continent'...Read More

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