Recent News

Equinox Gold to start full-scale construction at Brazilian mine

January 08, 2018 / www.mining.com

Recently formed Equinox Gold (TSX-V:EQX) announced that its board of directors approved $146 million for the full-scale construction at the Aurizona Gold mine, located in the Maranh??o state of north-eastern Brazil.With the idea of pouring gold in late 2018, the company says it has already spent $25 million advancing detailed engineering work, raising the existing tailings facility, refurbishing e...Read More

CANADA STOCKS-TSX slips as materials, financials weigh; pot stocks bounce

January 08, 2018 / www.kitco.com

TORONTO, Jan 8 (Reuters) - Canada's main stock index retreated on Monday as shares of some materials and financial services companies weighed, offset by gains for marijuana producers.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 31.79 points, or 0.19 percent, at 16,317.65. Seven of the index's 10 main groups ended lower. (Reporting by Fergal Smith; Editing by Ja...Read More

US STOCKS SNAPSHOT-Wall St rally eases up as healthcare, banks weigh

January 08, 2018 / www.kitco.com

NEW YORK, Jan 8 (Reuters) - The S&P 500 barely rose on Monday while the healthcare and financial sectors weighed and investors took a breather ahead of earnings season and after the strong rally that marked the start of 2018.The Dow Jones Industrial Average fell 12.94 points, or 0.05 percent, to 25,282.93, the S&P 500 gained 4.55 points, or 0.17 percent, to 2,747.7 and the Nasdaq Composite...Read More

DIARY - Today in Washington - Jan 9

January 08, 2018 / www.kitco.com

ALL TIMES IN EST/GMT -------------------------------------------------------0600/1100: The National Federation of Independent Business issues Small Business Optimism Index for December.1130/1630: The Labor Dept. issues Job Openings and Labor Turnover Survey for November.1130/1630: The Treasury Dept. holds weekly sale of 4-week bills.1300/1800: The Treasury Dept. sells 3-year notes.1630/2130: The A...Read More

Enforcer Gold Appoints Vice President of Exploration

January 08, 2018 / bit.ly

Enforcer Gold Corp (TSXV:VEIN,FSE:N071) is pleased to announce the appointment of Antoine Fournier as Vice President of Exploration. President & CEO, Steve Roebuck, comments: 'We are very pleased to welcome Antoine Fournier to the Enforcer team. Antoine is a highly skilled geologist and mining executive with a diverse background in exploration in northern Ontario and Quebec. He is pa...Read More

H&T sees wallet bulge on personal loan surge

January 08, 2018 / www.proactiveinvestors.co.uk

H&T Group (LON:HAT) boss John Nichols tells Proactive how profit expectations have risen again after a surge in the personal loansmarket meant the book has shot up by 94.7% to ?18.3M from ?9.4M at the end of 2017. John tells us how the company's new unsecured loan products are flying off the shelves adding that recruitment has been key to the strength of their high street presence. News here...Read More

TREASURIES-Treasuries steady, Fed's Bostic slightly dovish

January 08, 2018 / www.kitco.com

(Updates market action after Fed speeches)* Treasury to sell $56 bln supply this week* Stronger German debt helps U.S. bonds firm* Fed's Bostic indicates doubt about three rate hikes this year By Kate DuguidNEW YORK, Jan 8 - U.S. bond yields were little changed on Monday after a boost from stronger German government debt and a Federal Reserve official's remarks that the U.S. central bank may only...Read More

Weather Disasters Cost U.S. Record $306 Billion In 2017: NOAA

January 08, 2018 / www.kitco.com

Blake BrittainWASHINGTON (Reuters) - Weather and climate-related disasters cost the United States a record $306 billion in 2017, the third-warmest year on record, the U.S. National Oceanic and Atmospheric Administration said on Monday.The federal agency’s report underscores the economic risks of such disasters even as President Donald Trump’s administration casts doubts on their causes...Read More

Fed's Bostic Says Three Rate Hikes In 2018 May Be Too Much

January 08, 2018 / www.kitco.com

Howard SchneiderATLANTA (Reuters) - The Federal Reserve may only need to raise interest rates two times in 2018 given weak price pressures and possible loss of public confidence in the central bank’s ability to hit a 2 percent inflation target, Atlanta Fed President Raphael Bostic said on Monday.Bostic, a voter on interest rate policy this year, also added his voice to a group of Fed officia...Read More

Universal Display Stock Burns Skeptics with Another Record High

January 08, 2018 / www.schaeffersresearch.com

Universal Display Corporation (NASDAQ:OLED) had a huge year in 2017 and that momentum is carrying over to the new year, with the shares adding 8.7% today to trade at $194.90, earlier tapping a record high of $196.90. This move comes after Susquehanna earlier lifted its price target to $215 from $195. OLED stock could also be feeling tailwinds fromCES, where a number of new products have featured O...Read More

Gold Weekly: Speculative Buying Frenzy Begins

January 08, 2018 / seekingalpha.com

Gold shines at the start of 2018 (+1.5% YTD).Speculators bought a lot of gold over December 26, 2017-January 2, 2018, the CFTC shows.ETF investors remained quiet over December 29, 2017-January 5, 2018, according to FastMarkets' estimates.The US jobs report for December disappointed slightly though gold was under downward pressure. Some charts.I remain long GLD for 2018. Introduction Welcome to...Read More

Apple Supplier Downgraded Amid iPhone X Concerns

January 08, 2018 / www.schaeffersresearch.com

Cirrus Logic, Inc. (NASDAQ:CRUS) stock was downgraded this morning by KeyBanc to "sector weight" from "overweight." The firm cited Apple (AAPL) as the reason for the downgrade, due to fears that the iPhone X sales may be "worse than expected." The news has CRUS stock down 0.5% today at $53.60. CRUS shares have lost 16% during the past six months, and fell to an annual low of $48.61 on Dec 6. A mi...Read More

Trump close to decision on Fed vice chair pick -administration official

January 08, 2018 / www.kitco.com

NASHVILLE, Jan 8 (Reuters) - U.S. President Donald Trump is close to making a decision on who to nominate as vice chair of the Federal Reserve, an administration official said on Monday.The position became vacant in October after veteran central banker Stanley Fischer stepped down for personal reasons. (Reporting by Jeff Mason, writing by Roberta Rampton; editing by Diane Craft) Disclaimer: The v...Read More

Falco Strengthens Management Team

January 08, 2018 / bit.ly

Falco Resources Ltd. (TSXV:FPC) ('Falco' or the 'Company') is pleased to announce the appointment of Mr. Ronald Bougie to the position of Vice President Engineering and Construction and Mr. Guy Belleau to Mine General Manager for the Horne 5 Project. Mr. Bougie has over 25 years of construction and project development experience gained throughout the construction of several suc...Read More

FOREX-Dollar gains as euro rally falters

January 08, 2018 / www.kitco.com

* Euro down as investors take profits* Bitcoin slips as website drops S.Korea prices (Updates prices, market activity, comment)By Saqib Iqbal AhmedNEW YORK, Jan 8 (Reuters) - The dollar rose to a more than one-week high against a basket of other major currencies on Monday, helped by a pullback in the euro as investors took profits after the common currency's recent rally.The dollar index , which m...Read More

Tesla Stock Pops After Chinese Rival Unveils Electric SUV at CES 2018

January 08, 2018 / www.schaeffersresearch.com

It's another record-setting day on Wall Street, with the Dow, S&P 500 Index (SPX), and Nasdaq Composite (IXIC) fresh off all-time peaks. While the major market indexes are trading in a tight range, however, several individual stocks are making big moves, including electric car maker Tesla Inc (NASDAQ:TSLA), Snapchat parent Snap Inc (NYSE:SNAP), and gene-editing name Intellia Therapeutics Inc (NASD...Read More

UPDATE 1-Fed's Bostic says three rate hikes in 2018 may be too much

January 08, 2018 / www.kitco.com

(Adds discussion of yield curve; further rate comments)By Howard SchneiderATLANTA, Jan 8 (Reuters) - The Federal Reserve may only need to raise interest rates two times in 2018 given weak price pressures and possible loss of public confidence in the central bank's ability to hit a 2 percent inflation target, Atlanta Fed President Raphael Bostic said on Monday.Bostic, a voter on interest rate poli...Read More

CORRECTED-U.S. rivers getting saltier, drinking water at risk -study

January 08, 2018 / www.kitco.com

(In paragraph six corrects to say higher salt levels of river caused water problems in Flint)By Timothy GardnerWASHINGTON, Jan 8 (Reuters) - U.S. rivers and streams have become saltier and more alkaline over the last 50 years, posing risks to drinking water by damaging pipelines and other infrastructure, according to a study released on Monday.As municipal workers dump salt on roads to combat ice...Read More

COLUMN-New year, new highs for zinc as market tightens further: Andy Home

January 08, 2018 / uk.reuters.com

(The opinions expressed here are those of the author, a columnist for Reuters)Read full newsRead More

GoPro Options Red-Hot as Stock Gets Iced

January 08, 2018 / www.schaeffersresearch.com

GoPro Inc (NASDAQ:GPRO) stock fell to a record low of $5.04 today, after the firm cutits fourth-quarter sales forecast, announced plans to cut its workforce, and said it will exit the drone business. In addition, the firm slashed the price of its Hero6 cameras, and announced the departure of two high-level executives. However, GPRO stock is off its session lows, at last check, amid reports the fir...Read More

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