Recent News

UPDATE 1-Twitter's CEO downplays chatter about possible acquisition

February 13, 2018 / www.kitco.com

(Adds background and stock price)By David IngramSAN FRANCISCO, Feb 13 (Reuters) - Twitter Inc Chief Executive Jack Dorsey said on Tuesday that he saw value in the social media network remaining an independent company, downplaying recent speculation by analysts that it could be an acquisition target. "I've always thought that there's a lot of strength to our independence. We can work on every...Read More

Dow Edges Higher; Wall Street on Egg Shells Ahead of CPI

February 13, 2018 / www.schaeffersresearch.com

After two strong up days, the Dow, S&P 500, and Nasdaq struggled to pick a direction today, but ultimately ended higher. Although the Dow explored a range of nearly 285 points on both sides of breakeven, it was the index's least volatile session since Jan. 30. While tech and bank stocks rallied, many traders exercised caution ahead of a round of crucial inflation data set for release tomorrow. Spe...Read More

US STOCKS-Wall St advances; investors lock on inflation data

February 13, 2018 / www.kitco.com

* U.S. consumer prices and retail sales data due Wednesday* Market rout not impacting economic outlook - Fed's Mester* Under Armour climbs after posting upbeat revenue* Indexes rise: Dow 0.16 pct, S&P 500 0.26 pct, Nasdaq 0.45 pct (Updates to close)By Noel RandewichFeb 13 (Reuters) - Wall Street climbed on Tuesday for a third straight session, buoyed by Amazon.com and Apple, while investors fo...Read More

CANADA STOCKS-TSX slips as energy, industrial shares fall

February 13, 2018 / www.kitco.com

Feb 13 (Reuters) - Canada's main stock index ended slightly lower on Tuesday, weighed by the industrial and energy sectors as oil prices fell and appetite for global stocks faltered. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 25.41 points, or 0.17 percent, at 15,216.47. (Reporting by Leah Schnurr; editing by Diane Craft) Disclaimer: The views expressed in th...Read More

FOREX-Dollar extends fall as yen hits five-month high

February 13, 2018 / www.kitco.com

(Updates quotes, table, prices)By Kate DuguidNEW YORK, Feb 13 (Reuters) - The Japanese yen rose to a five-month high on Tuesday on the back of broad-based selling of the dollar and speculation the Bank of Japan could be close to dialing back record levels of monetary stimulus.The yen has gained 1.5 percent against the dollar this month, benefiting last week from a rush by investors into currencies...Read More

UPDATE 1-Asia Morning Call-Global Markets

February 13, 2018 / www.kitco.com

Feb 14 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,855.90035.20 NZX 50**8,122.22 63.160DJIA**24,674.5 73.23 NIKKEI**21,244.68-137.94Nasdaq**7,016.83036.866FTSE**7,168.01 -9.05S&P 500** 2,665.52 9.52Hang Seng** 29,839.53379.90SPI 200 Fut 5,80815.00 STI** 3,415.07 30.09SSEC**3,185.5964 31.47 KOSPI** 2,395.19 9.81------------------------------------------------------...Read More

UPDATE 1-Bill aims to restore U.S. tax break for advance refunding muni bonds

February 13, 2018 / www.kitco.com

(Adds comment from official at the Government Finance Officers Association, paragraphs 6-7)By Karen PierogCHICAGO, Feb 13 (Reuters) - The federal tax exemption for a type of debt refunding used by U.S. states, cities, schools and other issuers to lower borrowing costs would be restored under a new bipartisan bill in Congress, two of its sponsors said on Tuesday. The sweeping tax legislation signe...Read More

US STOCKS SNAPSHOT-Wall St ends up for 3rd straight session; inflation data ahead

February 13, 2018 / www.kitco.com

NEW YORK, Feb 13 (Reuters) - Wall Street climbed on Tuesday for a third straight session, buoyed by Amazon.com and Apple , while investors focused on inflation data on Wednesday that could upset the market's fragile recovery - or clear the way for more gains.Based on the latest available data, the Dow Jones Industrial Average rose 39.18 points, or 0.16 percent, to 24,640.45, the S&P 500 gained...Read More

UPDATE 2-Bond market braces for T-bill deluge after U.S. budget deal

February 13, 2018 / www.kitco.com

(Adds graphic, no change to text)By Richard LeongNEW YORK, Feb 13 (Reuters) - Bond traders and investors offered a lukewarm embrace this week to an expected surge in U.S. government debt supply in the coming weeks following last week's budget deal that will raise federal spending by almost $300 billion over the next two years.The jump in Treasury bill supply, totaling $190 billion from sales on M...Read More

Unhappy Canada Says U.S. Aims To Weaken Other NAFTA Members

February 13, 2018 / www.kitco.com

David LjunggrenOTTAWA (Reuters) - Canada’s chief negotiator at talks to modernize NAFTA on Tuesday said the United States aimed to weaken Canada and Mexico rather than ensure all three members of the trilateral trade pact benefited.Steve Verheul said the talks had achieved little progress on major issues so far and complained about the inflexibility of U.S. negotiators.His comments were easi...Read More

Wall Street Regulator Looking Into VIX Manipulation: WSJ

February 13, 2018 / www.kitco.com

(Reuters) - A Wall Street regulator is probing into whether prices linked to the Cboe Volatility Index .VIX have been manipulated, the Wall Street Journal reported on Tuesday, citing people with knowledge of the matter.The Financial Industry Regulatory Authority (FINRA) is scrutinizing whether traders placed bets on S&P 500 options in order to influence prices for VIX futures, according to the...Read More

EMERGING MARKETS-Mexico markets steady ahead of key U.S. inflation data

February 13, 2018 / www.kitco.com

(Updates prices, adds analyst comment)MEXICO CITY, Feb 13 (Reuters) - Mexican markets held steady on Tuesday, as investors awaited U.S. inflation data that could shine a light on the possible next steps of the Federal Reserve Bank's monetary policy and future appetite for emerging market assets. In New York, Wall Street's three main indexes traded higher, reversing earlier losses even as investors...Read More

Market Volatility, Budget Deficits Pose Test For Fed's Powell

February 13, 2018 / www.kitco.com

Howard SchneiderDAYTON, Ohio (Reuters) - When the Federal Reserve’s policy meeting ended last month, U.S. stock indexes were near record highs, market volatility was almost non-existent and policymakers chatted about the calm waters welcoming incoming central bank chief Jerome Powell.Now, Janet Yellen’s successor may instead be facing an early test of his leadership as the Fed weighs t...Read More

RT @A_Milewski: Battery Grid storage will be a big theme of 2018

February 13, 2018 / www.wsj.com

Giant batteries charged by renewable energy are beginning to nibble away at a large market: The power plants that generate extra surges of electricity during peak hours.Read full newsRead More

Crucial few weeks for Mosman ahead of Arkoma investment decision

February 13, 2018 / www.proactiveinvestors.co.uk

John W Barr, executive chairman of Mosman Oil And Gas Limited (LON:MSMN), tells Proactive they produced 3,558 barrels of oil in the four months to January from its Welch project in Texas.Cash flow from the project was also positive over the period.At the Arkoma project in Oklahoma, initial oil and gas production rates from the Union Valley zone the Arkoma Stacked Pay project (12%), indicate that i...Read More

Canyon Copper Granted Exploration Permit for Bootleg Lake Drilling

February 13, 2018 / bit.ly

Canyon Copper Corp. (TSXV:CNC) is pleased to announce the Company has received a Surface Exploration Permit granted by the Saskatchewan Ministry of the Environment for a diamond drilling program on Canyon's Bootleg Lake project located near Creighton, Saskatchewan, Canada, five kilometres southwest of the city of Flin Flon, Manitoba.Read full newsRead More

Gold Will Stay On Top Amidst A Flurry Of Headwinds

February 13, 2018 / seekingalpha.com

The World Gold Council released a gold update indicating solid performance in 2017 supported by robust economy, US Fed raising interest rates three times and risk asset values ascend.US dollar gold price surged to the highest annual gain since 2010.Potential headwinds this year may not be as strong as many investors perceive it to be. Image source: www.optionsellers.com Investment Thesis Based on...Read More

#US Strikes Kill 100 Russian Fighters In #Syria | Zero Hedge

February 13, 2018 / www.zerohedge.com

"This is a big scandal and a reason for an acute international crisis," Frolov said. "But Russia will pretend nothing happened."Read full newsRead More

Botswana Diamonds shares sparkle as it begins exploration programme with Alrosa

February 13, 2018 / www.proactiveinvestors.co.uk

Botswana Diamonds PLC (LON:BOD) said it has kicked off its first half exploration programme with Russian diamond miner and explorer Alrosa PJSC, pushing its shares up 7% to 1.18p.The programme will focus on previously identified geophysical targets in the Central Kalahari Game Reserve with the aim of turning them into drill targets.It will use soil samples and magnetic surveys to supplement the ai...Read More

US STOCKS-Wall St advances as investors eye upcoming inflation reading

February 13, 2018 / www.kitco.com

* U.S. consumer prices and retail sales data due Wednesday* Market rout not impacting economic outlook - Fed's Mester* Under Armour climbs after posting upbeat revenue* Indexes rise: Dow 0.10 pct, S&P 0.13 pct, Nasdaq 0.33 pct (Updates with market recovery, afternoon trade)By Noel RandewichFeb 13 (Reuters) - Wall Street climbed on Tuesday for a third straight session, buoyed by Amazon.com and...Read More

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