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Gold, Silver Succumb To Follow-Through Selling Pressure

January 30, 2018 / www.kitco.com

(Kitco News) - Gold and silver markets could not hold modest early gains and were ending the U.S.day session weaker Tuesday, on some follow-through selling from Monday's losses.A weaker U.S. dollar index limited selling pressure in the metals. However, theUSDX was well up from its overnight low during the U.S. day session. Lowercrude oil prices today also weighed on the precious metals markets. Ap...Read More

Gold, Silver Succumb To Follow-Through Selling Pressure

January 30, 2018 / www.kitco.com

(Kitco News) - Gold and silver markets could not hold modest early gains and were ending the U.S. day session weaker Tuesday, on some follow-through selling from Monday's losses. A weaker U.S. dollar index limited selling pressure in the metals. However, the USDX was well up from its overnight low during the U.S. day session. Lower crude oil prices today also weighed on the precious metals market...Read More

EU bank rescue agency seeks help to improve image

January 30, 2018 / www.kitco.com

By Francesco CanepaFRANKFURT, Jan 30 (Reuters) - The European Union agency in charge of winding down failing banks is seeking external help to improve its image, tarnished by criticism of its handling of three collapsing lenders and of its preparedness for the task.Launched in 2014 to end an era of bank bailouts, the Single Resolution Board came under fire last year for deciding not to intervene i...Read More

WRAPUP 1-U.S. consumer confidence rebounds; house prices march higher

January 30, 2018 / www.kitco.com

* U.S. consumer confidence increases 2.3 points in January* House prices rise 6.4 percent in November from year ago WASHINGTON, Jan 30 (Reuters) - U.S consumer confidence rebounded in January and house prices increased further in November, suggesting that a recent acceleration in consumer spending was likely to be sustained despite sluggish wage growth.Robust consumer confidence and rising househ...Read More

US STOCKS-Wall St succumbs to rising bond yields, sinking health stocks

January 30, 2018 / www.kitco.com

* Dow posts biggest intraday point drop since May 17* Rising bond yields weigh; Fed meet, Trump speech eyed* Health stocks hit by Amazon, JPMorgan, Berkshire team-up* VIX hits highest level since August 2017* Indexes down: Dow 1.26 pct, S&P 0.97 pct, Nasdaq 0.81 pct (Updates to early afternoon)By Tanya AgrawalJan 30 (Reuters) - Rising bond yields and a sell-off in healthcare shares sent the U....Read More

UPDATE 1-Bank of England turning sights to tackling inflation -Carney

January 30, 2018 / www.kitco.com

(Adds detail from news conference)By David MillikenLONDON, Jan 30 (Reuters) - The Bank of England is turning its focus back to the more conventional business of bringing down inflation as Britain's economy showed it was getting over the damage wrought by the 2007-09 financial crisis, Governor Mark Carney said on Tuesday.Little more than a week before the BoE gives its latest assessment of the eco...Read More

RPT-We won't get our way, AfD candidate for German budget committee says

January 30, 2018 / www.kitco.com

(Repeats to additional clients; no change in text.)By Michelle MartinBERLIN, Jan 30 (Reuters) - The far-right Alternative for Germany (AfD) won't be able to thwart government plans to spend on refugees or possible euro zone bailouts, even if it holds the chair of the powerful parliamentary budget committee, its candidate for that position said.The AfD has nominated Peter Boehringer, a critic of e...Read More

UPDATE 4-McDonald's robust U.S. sales fail to impress, shares fall

January 30, 2018 / www.kitco.com

(Adds executive comment on competition, tax savings)By Lisa Baertlein and Siddharth CavaleJan 30 (Reuters) - McDonald's Corp on Tuesday reported robust U.S. fourth-quarter restaurant sales, boosted by new buttermilk chicken tenders and low-price food, but that was not enough to match Wall Street's increasing appetite for growth.Investor expectations are high three years into a turnaround led by C...Read More

British venture capital firm Augmentum seeks London listing- source

January 30, 2018 / www.kitco.com

By Ben MartinLONDON, Jan 30 (Reuters) - Augmentum Management, a Lord Rothschild-backed British venture capital firm, is planning to raise as much as 125 million pounds ($176.75 million) from a London stock market listing to put towards a new fund, according to a person familiar with the matter.The fintech-focused business is working with Fidante Capital on the listing that could take place as soon...Read More

Bidders for $500m Canada streaming deal as cobalt price surges-report

January 30, 2018 / www.mining.com

Cobalt prices have been one of the main beneficiaries of the scramble for battery materials by auto manufacturers.The metal quoted on the LME recently topped $80,000 a tonne, a gain of 140% since the beginning of last year. Measured from its record low hit in February 2016, the metal is more than $50,000 more expensive.Negotiating a price for a streaming deal could be complicated by the limited si...Read More

Ferrum Crescent announces maiden JORC resource at Toral

January 30, 2018 / www.proactiveinvestors.co.uk

Miles Campion and Laurence Read, executive directors at Ferrum Crescent Ltd (LON:FCR), discuss with Proactive's Andrew Scott the maiden JORC resource at their Toral zinc-lead project in Spain.The resource comes in at 16mln tonnes of ore grading 6.9% zinc equivalent, including lead credits, and 25 grams per tonne silver.In terms of metal that amounts to 670,000 tonnes of zinc, 540,000 tonnes of lea...Read More

Foreign fund managers untroubled by Russian "oligarch list"

January 30, 2018 / www.kitco.com

By Karin StroheckerLONDON, Jan 30 (Reuters) - International asset managers appear unfazed by Washington's move to name a group of business "oligarchs" as close to the Kremlin, with many saying on Tuesday that they were seeking an opportunity to add to their Russia exposure.The list compiled as part of a sanctions package signed intolaw in August named 210 people close to the Kremlin. The...Read More

2 Reasons to Buy ATVI Stock This Week

January 30, 2018 / www.schaeffersresearch.com

Activision Blizzard, Inc. (NASDAQ:ATVI) has had a solid start to the new year, boosted by the inaugural season of the Overwatch League. If past is precedent, ATVI could have even more room to run in the short term. Heading into Super Bowl weekend and a new month, we looked at the video game stock throwing up two significant "buy" signals. ATVI Stock Historically Hot After Super Bowl According...Read More

U.S. import tariffs risked setting off trade war - Bundesbank

January 30, 2018 / www.kitco.com

FRANKFURT, Jan 30 (Reuters) - Punitive tariffs imposed recently by the United States risk setting off a trade war that would only produce losers, Jens Weidmann, the president of Germany's central bank said on Tuesday.The U.S. imposed steep import tariffs on washing machines and solar panels earlier this month, and President Donald Trump threatened to confront the European Union over what he called...Read More

Options Traders See Bigger-Than-Normal Post-Earnings Move For Boeing Stock

January 30, 2018 / www.schaeffersresearch.com

Earnings season is well underway, and aerospace giant Boeing (NYSE:BA) is expected to report its fourth-quarter results before tomorrow's opening bell. Below, we will take a look into how BA has performed on the charts of late, and what the options market is pricing in for the stock's post-earnings action.As an overview, Boeing stock has outperformed on the charts this past year, more than doublin...Read More

Dow Decked by UnitedHealth Stock

January 30, 2018 / www.schaeffersresearch.com

Stocks are getting battered for a second straight day. The S&P 500 Index (SPX), Nasdaq Composite (IXIC), and Dow Jones Industrial Average (DJIA) are all sharply lower, with the blue-chip index pacing for its worst daily percentage decline since August. A big pullback from insurance giant UnitedHealth Group (UNH) following this morning's announcement from Amazon (AMZN), Berkshire Hathaway (BRK.A),...Read More

BRIEF - Chile's Salmones Camanchaca IPO set for Feb. 2

January 30, 2018 / www.kitco.com

SALMONES CAMANCHACA SA :* Chile's Salmones Camanchaca will hold an initial public offering on the Santiago stock exchange on Feb. 2, the company said on Tuesday. It will also issue deposit certifictes (Norweegian Depositary Receipts)in Oslo. * The company's controller, Pesquera Camanchaca will hold a secondary share offering. Source text for Eikon: Further company coverage: Further company coverag...Read More

Gold Prices: LBMA Analysts See Dramatic Divergence In Precious Metals Forecasts

January 30, 2018 / www.kitco.com

(Kitco News)- It could be a dramatic year for the precious metals marketas there is a significant divergence in price forecasts for 2018, according tothe London Bullion Market Association.Tuesday, the LBMA released its forecast of 34 preciousmetals analysts, noting that there is a $390 trading range between the lowestend of the estimates and the highest prediction.The average gold prices among LBM...Read More

Gold Prices: LBMA Analysts See Dramatic Divergence In Precious Metals Forecasts

January 30, 2018 / www.kitco.com

(Kitco News) - It could be a dramatic year for the precious metals market as there is a significant divergence in price forecasts for 2018, according to the London Bullion Market Association.Tuesday, the LBMA released its forecast of 34 precious metals analysts, noting that there is a $390 trading range between the lowest end of the estimates and the highest prediction.The average gold prices amon...Read More

Bank of England's Carney says he "appreciated" Trump's dollar comments

January 30, 2018 / www.kitco.com

LONDON, Jan 30 (Reuters) - Bank of England Governor Mark Carney said on Tuesday he appreciated U.S. President Donald Trump's comments in favour of a strong dollar and said the U.S. economy continued to look strong even if other economies had also recently shown strength."I appreciated the president's comments of last Friday on the dollar," Carney told members of the upper house of Britai...Read More

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