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2 Stocks Soaring on Blockchain Technology Buzz

January 10, 2018 / www.schaeffersresearch.com

Blockchain buzz has taken Wall Street by storm in recent months, with IT issue Ameri Holdings Inc (NASDAQ:AMRH) and photography icon Eastman Kodak Company (NYSE:KODK) the latest stocks rallying on new cryptocurrency ventures. Here's a closer look at the news that's boosting shares of AMRH and KODK today.Ameri Holdings Stock Hits New HighsAmeri Holdings stock has nearly tripled out of the gate -- l...Read More

Gold: The Slight Correction Is Over

January 10, 2018 / seekingalpha.com

Precious metals seem to have bottomed. We should see rising prices over the next month or so.Long term sentiment is neutral. No need to take profits.Miners and silver should now begin again to outperform gold.Gold (NYSEARCA:GLD) is bouncing this morning which could possibly mean that the complex has just printed a half-cycle low. The yellow metal has actually remained quite strong since the start...Read More

Optimism Begins to Unwind On Struggling IMAX Stock

January 10, 2018 / www.schaeffersresearch.com

Earlier this week, brokerage firm Wedbush cut its price target on IMAX Corp (NYSE:IMAX) to $30 from $31. Piper Jaffray followed this up by downgrading the stock to "neutral" from "overweight" this morning, and slashed its price target to $21 from $28. The analyst in coverage said moviegoers are becoming less likely to pay the higher prices for IMAX movies, and that the market in China is becoming...Read More

Analysts See Clear Skies Ahead For These 2 Airline Stocks

January 10, 2018 / www.schaeffersresearch.com

Two airline stocks arehigher this morning, after analysts issued some lofty price-target hikes. Southwest Airlines Co (NYSE:LUV) receivedprice-target hikes to $74 from both Raymond James and Barclays. Not to be left out, United Continental Holdings Inc (NYSE: UAL) also received a price-target hike to $74from Cowen and Company, after the airline reported well-received December traffic metrics....Read More

7 Secrets Behind This Undefeated Options Strategy

January 10, 2018 / www.schaeffersresearch.com

Following suit with the record-breaking performance by stocks, many of our subscription trading services finished strong in 2017. In particular, though, our credit spread-focused Wealthbuilder program actually wrapped up the year with a perfect record, as every single trade recommended during the 12-month stretch expired a winner. To find out more about this remarkable 100% win rate, we spoke with...Read More

Trump says open to talks with North Korea: South Korea

January 10, 2018 / www.kitco.com

SEOUL (Reuters) - U.S. President Donald Trump told his South Korean counterpart Moon Jae-in he is open to talking with North Korea, the South's presidential office said on Wednesday after they had spoken by telephone.A day after North and South Korea held their first talks in more than two years, Trump said there would be no military action while talks are ongoing, the Blue House said in a stateme...Read More

3 Gold Stocks With Above Average Valuation Multiples

January 10, 2018 / seekingalpha.com

Gold stocks having EV/EBITDA equivalent to global peer average of 9.4X or higher.Gold stocks having stable fundamentals and a strong position despite lower gold prices and forex.Sound market valuation due to substantial organic growth opportunities in project pipeline. Source: The Balance Investment Thesis Enterprise Value to Earnings before Interest Depreciation and Amortization ((EV/EBITDA)): Th...Read More

Fed's Evans Says Wanted to Wait Until Midyear for Rate Hike

January 10, 2018 / www.kitco.com

(Reuters) - Chicago Federal Reserve Bank President Charles Evans on Wednesday said that in late 2017 when the rest of his Fed colleagues decided to raise interest rates for a third time, he wanted to wait until mid-2018 for another rate hike.“I’d feel a lot more confident if I saw those transitory reductions in the inflation rate go away,” he said, explaining his dissent in his f...Read More

South Korea's Moon says Trump deserves 'big' credit for North Korea talks

January 10, 2018 / www.kitco.com

SEOUL (Reuters) - South Korean President Moon Jae-in credited U.S. President Donald Trump on Wednesday for helping to spark the first inter-Korean talks in more than two years, and warned that Pyongyang would face stronger sanctions if provocations continued.The talks were held on Tuesday on the South Korean side of the demilitarized zone, which has divided the two Koreas since 1953, after a prolo...Read More

Klondike Halted at Management's Request

January 10, 2018 / www.stockwatch.com

Klondike Gold Corp. has been halted at 6:25 a.m. PT on Jan. 10, 2018, at the company's request, pending news.© 2018 Canjex Publishing Ltd. All rights reserved.Read More

Klondike Halted at Management's Request

January 10, 2018 / www.stockwatch.com

Klondike Gold Corp. has been halted at 6:25 a.m. PT on Jan. 10, 2018, at the company's request, pending news.© 2018 Canjex Publishing Ltd. All rights reserved.Read More

Speculative Players Still Not Complacent on the VIX

January 10, 2018 / www.schaeffersresearch.com

The calendar year 2017 was a remarkable one for the CBOE Volatility Index (VIX) in more than one regard. VIX registered an all-time low of 8.56, and rose only as high as 17.28 -- its lowest annual high of the past 20 years. It also marked the fourth consecutive year where VIX declined, which last occurred during the stretch from January 2003 to December 2006.The average daily VIX reading last year...Read More

Minneapolis Fed says largest banks still 'too big to fail'

January 10, 2018 / www.kitco.com

WASHINGTON (Reuters) - The Federal Reserve Bank of Minneapolis on Wednesday called for U.S. regulators to raise capital requirements for the largest U.S. banks, saying they are still ‘too big to fail’ despite a slew of reforms introduced following the 2008 financial crisis.The academic study estimates there is still a 67 percent chance of a tax-payer funded bail out over the next 100 y...Read More

Stock Futures Plunge on Chinese Bond-Buying Warning

January 10, 2018 / www.schaeffersresearch.com

The U.S. stock rally may have finally hit a wall, with futures trading below fair value this morning. The bond market is in focus today, with 10-year Treasury yields climbing north of the key 2.5% level after Bloomberg reported China may slow or stop the purchase of U.S. bonds. While the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq-100 Index (NDX) appear ready to retreat aft...Read More

Oil prices hit fresh highs, but worries grow of overheated market

January 10, 2018 / www.kitco.com

LONDON (Reuters) - Crude oil prices hit new multi-year highs on Wednesday as OPEC-led production cuts and healthy demand helped to balance the market, but analysts warned of possible overheating.A broad, global market rally, including stocks, has also been fuelling investment into crude oil futures. [MKTS/GLOB]U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $63.60 a barrel, up 64 cen...Read More

U.S. import prices climb 3% in 2017 - biggest increase in six years

January 10, 2018 / www.marketwatch.com

Getty ImagesThe cost of goods imported into the U.S. rose 3% in 2017, up sharply from the year before. The numbers: The cost of goods imported into the U.S. rose slightly in December and finished the year with a 3% increase - the biggest gain in six years. Although that's much higher than the 1.9% gain in 2016, it still reflects a generally low level of inflation. In December, import prices edged...Read More

China Officials Recommend Slowing or Halting U.S. Bond Purchases - Bloomberg

January 10, 2018 / www.kitco.com

LONDON, Jan 10 (Reuters) - Officials reviewing China's foreign-exchange holdings have recommended slowing or halting purchases of U.S. Treasuries, Bloomberg News reported on Wednesday, citing people familiar with the matter.China has the world's biggest currency reserves and is the biggest foreign holder of U.S. government debt.According to the Bloomberg report, the sources said the market for U.S...Read More

Klondex To Reduce Underground Mining At True North

January 10, 2018 / www.kitco.com

Klondex Mines Ltd.(TSX: KDX; NYSE American: KLDX) says it is scaling backoperations at its True North mine in Manitoba, with plans to eventually haltmining. After study, Klondex says it will limit underground mining to areasalready developed, and once these are depleted, underground mining will besuspended. Officials say the decision was largely based on the site’s inabilityto achieve p...Read More

Gold regains poise amid losses in European equities

January 10, 2018 / www.fxstreet.com

Gold regains bid tone in Europe. Equities drop in early trade. Gold is mildly bid in Europe, possibly due to moderate losses in the European equities. As of writing, the metal (XAU/USD) is trading at $1314/Oz levels; up 0.23 percent on the day. Prices hit a one-week low of $1308.22 in Asia, tracking the rise in the US 10-year treasury yield to 2.57 percent (highest level since March). The recove...Read More

Bulls Take The Lead

January 10, 2018 / www.kitco.com

Bears thought they had control of the gold markets onTuesday, taking the precious metal down over $10 before a late-day rally cutthose losses in half. In overnight trading, the bears were once again incontrol until 1:30 a.m. EST. Out of nowhere, the bulls showed up and goldrallied $18 from the lows, putting in a new three-month high. Once again, the bears got run over by the bulls on heavyvolume....Read More

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