Recent News

BUZZ-COMMENT-Yen surge puts high-beta FX in firing line

March 02, 2018 / www.kitco.com

Fears of a trade war have given new fuel to the yen's risk-aversion rally, andhigh-beta currencies with the most to lose from disruptions to cross-boardcommerce will suffer the most -- with CAD and AUD topping the list. Also gettingtrampled are GBP/JPY longs who have been underwhelmed by PM May's latest attemptto reach a workable Brexit compromise. Of course, all the JPY crosses are alsoclosely ti...Read More

BUZZ-Xerox: Falls after Darwin Deason sues company

March 02, 2018 / www.kitco.com

** Photocopier's shares down 2 pct at $29.95 inearly trade after activist investor Darwin Deason files newlawsuit** Investor sues XRX as company refuses to let him makenominations to its board after a deadline ** Darwin Deason, who is the 5th biggest stake holder inXRX, holds 3.4 pct of company's shares, per TR data ** On Monday, Deason said he had the right to nominatedirectors, despite missing t...Read More

BUZZ-Investors chipper on Ambarella after Q4 results

March 02, 2018 / www.kitco.com

** Shares of chipmaker Ambarella Inc up 10.2 pct at$50.33 on Fri after co reported Q4 results after the bell onThurs ; trading volume brisk, already 2.8 x 10-DMA** Ambarella reported $0.45 adj EPS, beating avg analystestimate of $0.37. Co rev of $70.6 mln in line with avg analystestimate of $70.3 mln. AMBA has matched or beaten rev, adj EPSestimates over last 8 qtrs (Thomson Reuters I/B/E/S)** Q4...Read More

PDAC 2018 Descends On Toronto This Weekend; Here Is What To Expect

March 02, 2018 / www.kitco.com

Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More

PDAC 2018 Descends On Toronto This Weekend; Here Is What To Expect

March 02, 2018 / www.kitco.com

Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More

Angola offers former dos Santos diamond rights to investors

March 02, 2018 / www.mining.com

LUANDA (Reuters) - Angola has offered investors diamond exploration licenses that previously belonged to Isabel dos Santos, daughter of the former president, according to a video clip of a closed-door meeting with mining companies seen by Reuters.During the meeting at a mining conference in Cape Town last month, president of state diamond company Endiama, Jos?(C) Manuel Ganga J??nior, said the lic...Read More

Angola offers former dos Santos diamond rights to investors

March 02, 2018 / www.mining.com

LUANDA (Reuters) - Angola has offered investors diamond exploration licenses that previously belonged to Isabel dos Santos, daughter of the former president, according to a video clip of a closed-door meeting with mining companies seen by Reuters.During the meeting at a mining conference in Cape Town last month, president of state diamond company Endiama, Jos?(C) Manuel Ganga J??nior, said the lic...Read More

McDonald's Stock Is Pacing For One of Its Worst Weeks In Years

March 02, 2018 / www.schaeffersresearch.com

Shares of McDonald's Corporation (NYSE:MCD) are down 4.1% this morning at $149.31, as they continue to pull back from their Jan. 29 record high of $178.70. Sparking today's sell-off is a price-target cut to $170 from $190 at RBC, which cited lackluster early sales data for the fast food company's new dollar menu. As such, MCD stock is pacing for its lowest weekly settlement since May, down 8.1% fo...Read More

UPDATE 1-South African markets weak on threat of a global trade war

March 02, 2018 / www.kitco.com

* Trump's tariff plan on steel risks trade war* Rand falls more than 1 pct* Naspers falls in line with China's Tencent (Adds stocks, updates levels)JOHANNESBURG, March 2 (Reuters) - South African marketsweakened on Friday as investors dropped riskier assets for saferinvestments on the back of the threat of a global trade warsparked by U.S. President Donald Trump's tariff plan on steel.Trump's plan...Read More

2 Retailers Plummeting After Earnings

March 02, 2018 / www.schaeffersresearch.com

Among the stocks moving after earnings are retailers J C Penney Company Inc (NYSE:JCP) and Foot Locker, Inc. (NYSE:FL). Both companies reported lackluster same-store sales, much to the delight of remaining shorts. Below, we will take a look at how the clothing and footwear concerns are faring on the charts.JCP Plummets on Profit ForecastShares of J C Penney stock are trading lower, after the comp...Read More

Trump's steel tariffs to have 'serious international knock-ons'

March 02, 2018 / www.proactiveinvestors.co.uk

Mining Capital's Alastair Ford discusses plans by US President Donald Trump to introduce tariffs on steel and aluminium imports.''There's quite a lot of plates spinning in this equation'', Ford says.''Trump's really playing to his core audience here .. he's got a lot of voters in the industrial heartlands that have suffered from anti-competitive dumping practises from the Chinese''.''If these tari...Read More

CANADA FX DEBT-C$ hits 10-week low on trade worries, GDP miss

March 02, 2018 / www.kitco.com

* Canadian dollar at C$1.2874, or 77.68 U.S. cents* Loonie touches its weakest since Dec. 19 at C$1.2897* Bond prices lower across the yield curve* 10-year yield touches lowest intraday since Jan. 17 By Fergal SmithTORONTO, March 2 (Reuters) - The Canadian dollar weakenedagainst its U.S. counterpart on Friday, adding to 10-week lowsas data showed slower-than-expected growth in the domesticeconomy...Read More

Mirasol samples 5.73 g/t Au, 528 g/t Ag at Resolution

March 02, 2018 / www.stockwatch.com

Mr. Stephen Nano reports MIRASOL UPGRADES RESOLUTION TREND AND IDENTIFIES NEW VITTORIA VEIN TREND AT THE NICO SILVER GOLD PROJECT, SANTA CRUZ, ARGENTINA Mirasol Resources Ltd. has made significant developments at the company's 100-per-cent-owned Nico project, Santa Cruz province, Argentina, including: The receipt of additional gold-silver rock chip assay results which upgrade the Resolution Trend...Read More

Mirasol samples 5.73 g/t Au, 528 g/t Ag at Resolution

March 02, 2018 / www.stockwatch.com

Mr. Stephen Nano reports MIRASOL UPGRADES RESOLUTION TREND AND IDENTIFIES NEW VITTORIA VEIN TREND AT THE NICO SILVER GOLD PROJECT, SANTA CRUZ, ARGENTINA Mirasol Resources Ltd. has made significant developments at the company's 100-per-cent-owned Nico project, Santa Cruz province, Argentina, including: The receipt of additional gold-silver rock chip assay results which upgrade the Resolution Trend...Read More

Norway central bank awards NOK 9.5 bln in F-deposits

March 02, 2018 / www.kitco.com

OSLO, March 2 (Reuters) - Norway's central bank has awarded9.5 billion Norwegian crowns($1.21 billion) in an F-depositfor March 2-7, with a highest rate of 0.50 percent, it said onFriday.Overall demand in the auction was for 16.5 billion crowns.Allocation at the highest rate was 32 percent, the centralbank added.($1 = 7.8205 Norwegian crowns) (Reporting by Oslo newsroom) Messaging: camilla.knudsen...Read More

Morgan Stanley Sees Quick Return to Record Levels For Caterpillar Stock

March 02, 2018 / www.schaeffersresearch.com

Caterpillar Inc. (NYSE:CAT) stock is lower today with the broader market,despite bullish attention from Morgan Stanley. Specifically, analysts there initiated coverage on the Dow component with an "overweight" rating and price target of $185, a 20% increase from the shares' current perch of $147.79.Caterpillar stock carved out an impressive channel of higher highs in 2017 that culminated in a rec...Read More

Chile to attract $60 billion in mining investments by 2038 - minister

March 02, 2018 / www.mining.com

Chile, the world's No. 1 copper producer and one of the top lithium suppliers, is expected to attract about $60 billion in new mines and expansions over the next 20 years, the country's minister of mining says.According to Aurora Williams, miners with operations in the country currently spend $15 billion on support services a year, so the government has set an ambitious goal of helping locals to...Read More

Chile to attract $60 billion in mining investments by 2038 - minister

March 02, 2018 / www.mining.com

Chile, the world's No. 1 copper producer and one of the top lithium suppliers, is expected to attract about $60 billion in new mines and expansions over the next 20 years, the country's minister of mining says.According to Aurora Williams, miners with operations in the country currently spend $15 billion on support services a year, so the government has set an ambitious goal of helping locals to...Read More

DynaCERT responds to demand for particulars in lawsuit

March 02, 2018 / www.stockwatch.com

Mr. Jim Payne reportsDYNACERT PROVIDES INDIA, EUROPE AND CORPORATE UPDATEDynaCERT Inc. has provided the following update.Testing by Automotive Research Association of IndiaThe India trucking industry participants realize that there is a potential performance difference between testing and use of the HydraGEN technology in North America as compared with the environmental and operational conditions...Read More

DynaCERT responds to demand for particulars in lawsuit

March 02, 2018 / www.stockwatch.com

Mr. Jim Payne reportsDYNACERT PROVIDES INDIA, EUROPE AND CORPORATE UPDATEDynaCERT Inc. has provided the following update.Testing by Automotive Research Association of IndiaThe India trucking industry participants realize that there is a potential performance difference between testing and use of the HydraGEN technology in North America as compared with the environmental and operational conditions...Read More

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