Recent News

Under Armour Stock Paces for Best Day in Years After Earnings

February 13, 2018 / www.schaeffersresearch.com

U.S. stocks have erased earlier losses ahead of tomorrow's key inflation update. Several individual names are making big moves, including healthcare stocks Patterson Companies, Inc. (NASDAQ:PDCO) and Henry Schein, Inc. (NASDAQ:HSIC) -- which are stumbling -- while athletic wear stock Under Armour Inc (NYSE:UAA) is having its best day in years. Here's a closer look at what's moving shares of PDC...Read More

Macron says not worried by nationalities of next ECB, EU Commission chiefs

February 13, 2018 / www.kitco.com

PARIS, Feb 13 (Reuters) - French President Emmanuel Macron said on Tuesday he did not care about the nationality of the next head of the European Central Bank, as long as he or she was as competent as its current chief, Mario Draghi.Macron, grilled by reporters on a wide range of topics, also said he hoped the next head of the European Commission would be as ambitious as possible and that placing...Read More

3 Gold Stocks to Watch This Week

February 13, 2018 / www.schaeffersresearch.com

Earnings season has seemingly taken a backseat to the recent stock market sell-off. Nevertheless, mining firms Barrick Gold Corp (NYSE:ABX), Goldcorp Inc. (NYSE:GG), and Kinross Gold Corporation (NYSE:KGC) could be worth watching this week, with all three slated to report earnings after tomorrow's close -- and the trio of gold stocks each staring at stiff monthly losses.Shorts Could Pressure Barri...Read More

'Whistleblower' Alleges Manipulation Of Cboe Volatility Index

February 13, 2018 / www.kitco.com

Saqib Iqbal Ahmed, Rama Venkat RamanNEW YORK/BENGALURU (Reuters) - Wall Street’s most widely followed gauge of future stock market volatility is being manipulated, causing billions of dollars in losses a year to unwary investors, a law firm representing an “anonymous whistleblower” alleged in a letter to U.S. financial regulators and released on Monday.The letter, to both the U.S...Read More

Trump Weighs Tariffs, Quotas On U.S. Steel, Aluminum Imports

February 13, 2018 / www.kitco.com

Roberta RamptonWASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday he was considering a range of options to address steel and aluminum imports that he said were unfairly hurting U.S. producers, including tariffs and quotas.Trump’s comments came in a meeting with a bipartisan group of U.S. senators and representatives. Some of the lawmakers urged him to act decisively to save s...Read More

UPDATE 2-Trying to calm investors, Wells Fargo CEO stresses on stability

February 13, 2018 / www.kitco.com

(Updates share, changes headline, adds background)Feb 13 (Reuters) - Wells Fargo & Co Chief Executive Tim Sloan tried to deliver a message of consistency and stability at an investor event on Tuesday, less than two weeks after it disclosed a regulatory sanction related to a long-running sales scandal.Asked whether an asset cap imposed by the U.S. Federal Reserve would have any impact on Wells...Read More

PRECIOUS-Gold climbs as dollar weakens ahead of U.S. inflation data

February 13, 2018 / www.kitco.com

* Dollar edges down versus currency basket* Markets eye U.S. inflation data due on Wednesday* GRAPHIC-2018 asset returns: (Recasts throughout, updates prices; adds comment, NEW YORK to dateline)By Renita D. Young and Jan HarveyNEW YORK/LONDON, Feb 13 (Reuters) - Gold prices rose on Tuesday as the U.S. dollar slipped and markets anticipated the release of impending U.S. inflation data that may offe...Read More

Spearmint Contracts Experienced Drillers for Nevada Lithium Drilling

February 13, 2018 / bit.ly

Spearmint Resources'(TSXV:SRJ) is pleased to announce that it has engaged Harris Exploration Drilling and Associates Inc 'Harris' to drill the Clayton Valley Lithium Prospect. Harris Drilling has extensive experience drilling in the Clayton Valley lithium clays and brines.Read full newsRead More

Gold Gains As Greenback Sees More Depreciation

February 13, 2018 / www.kitco.com

(Kitco News) - Goldpriceswere ending the U.S. day session modestly up Tuesday. A weakening U.S.dollar index early this week is propping up the precious metals markets. Therewas also some mild safe-haven demand featured today, as the U.S. stock market islower, but so far in an orderly fashion. April Comex gold futures were last up$4.70 an ounce at $1,331.00. March Comex silver was last down $0.02 a...Read More

Gold Gains As Greenback Sees More Depreciation

February 13, 2018 / www.kitco.com

(Kitco News) - Gold prices were ending the U.S. day session modestly up Tuesday. A weakening U.S. dollar index early this week is propping up the precious metals markets. There was also some mild safe-haven demand featured today, as the U.S. stock market is lower, but so far in an orderly fashion. April Comex gold futures were last up $4.70 an ounce at $1,331.00. March Comex silver was last down...Read More

Red-Hot Twitter Attracts Options Traders Ahead of Presentation

February 13, 2018 / www.schaeffersresearch.com

Twitter Inc (NYSE:TWTR) is expected to present at the Goldman Sachs Technology and Internet Conference at 3:30 p.m. ET today. Ahead of the event, TWTR shares are muscling notably higher yet again, and call options on the social media stock are flying off the shelves.So far today, roughly 107,000 TWTR calls have changed hands -- about 1.5 times the norm for this point in the session, and more than...Read More

Gubong shaping up to be a 'company maker' for Bluebird Merchant Ventures

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

Colin Patterson, chief executive of Bluebird Merchant Ventures (LON:BMV) introduces Proactive to their mine development projects in South Korea.Paterson says the flagship Gubong mine has all the hallmarks of being a company maker for them - the 'jewel in the crown' as he describes it.''It has 120 kilometres of underground development ... it's the second biggest gold mine in Korea''.  Meet Med...Read More

Analysts: Buy This Tech Stock Ahead of Earnings

February 13, 2018 / www.schaeffersresearch.com

The shares of software concern NetApp Inc. (NASDAQ:NTAP) are higher today, as analysts wax optimistic on the stock ahead of the company's earnings release tomorrow night. Loop Capital and BofA-Merrill Lynch both upgraded NTAP stock to "buy," with the latter lifting its price target to $74 from $63 -- territory not charted since early 2001, and representing a premium of 26% to the equity's current...Read More

Asia Morning Call-Global Markets

February 13, 2018 / www.kitco.com

Feb 14 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,855.90 35.20 NZX 50**8,122.22 63.160DJIA24,491.21-110.06 NIKKEI**21,244.68-137.94Nasdaq6,971.577-10.39FTSE**7,168.01 -9.05S&P 500 2,648.36 -7.64 Hang Seng** 29,839.53379.90SPI 200 Fut 5,793.00 0.00STI** 3,415.07 30.09SSEC**3,185.60 31.47 KOSPI** 2,395.19 9.81--------------------------------------------------------...Read More

US STOCKS-Wall St dips ahead of inflation data

February 13, 2018 / www.kitco.com

* Indexes down: Dow 0.48 pct, S&P 0.30 pct, Nasdaq 0.18 pct* 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 (Updates prices)By Sruthi ShankarFeb 13 (Reuters) - U.S. stock indexes fell on Tuesday, undoing two strong days of gains that have settled some investor nerves ahead of...Read More

Amur Minerals secures $10mln convertible loan facility to push forward on Kun Manie

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

Paul Gazzard, non-executive director at Amur Minerals Corp (LON:AMC), tells Proactive they've agreed a US$10mln convertible loan facility with a consortium of investors arranged by Riverfort Global Capital.The convertible loan consists of three advances with the initial advance of US$4 million to be drawn down by the company on 14 February.  Meet Medusa Mining, Cora Gold, Group Eleven Resourc...Read More

EMERGING MARKETS-Mexico markets steady ahead of key US inflation data

February 13, 2018 / www.kitco.com

MEXICO CITY, Feb 13 (Reuters) - Mexican markets held steady on Tuesday, with investors awaiting U.S. inflation data that could shine a light on the possible next steps of the U.S. Federal Reserve Bank's monetary policy and future appetite for emerging market assets. In New York, Wall Street's main indexes fell for the first time in three sessions on Tuesday as caution crept in ahead of crucial dat...Read More

Kapunda resource 'far exceeds expectations', says Thor Mining's Mick Billing

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

Mick Billing, chairman of Thor Mining PLC (LON:THR) tells Proactive the Kapunda copper project in South Australia, in which they've got a significant interest, is now estimated to contain 119,000 tonnes of copper.The new inferred resource, commissioned by Environmental Copper Recovery SA Pty Ltd and by Terramin Australia (ASX:TZN) relates to the part of the resource that is recoverable by way of i...Read More

Gold stays bid, meets resistance near $1,330

February 13, 2018 / www.fxstreet.com

Gold upside faces resistance near $1,330. USD-weakness fuelling the up move. US CPI next risk event. The ounce troy of the precious metal is extending the weekly upside and is now testing the $1,330 region, or daily highs. Gold in 4-day tops The offered stance around the greenback is pushing Bullion to test fresh multi-day tops around $1,330 on Tuesday, area coincident with the 10-day sma. The U...Read More

Investors most neutral on U.S. bonds since October -JPMorgan

February 13, 2018 / www.kitco.com

NEW YORK, Feb 13 (Reuters) - The share of investors holding longer-dated U.S. Treasuries equal to their benchmarks rose to its highest in about four months following last week's market turmoil, JPMorgan Chase & Co's latest client survey showed on Tuesday.Benchmark 10-year Treasury yields hit a four-year high of 2.902 percent on Monday on concerns about rising inflation and increased borrowing...Read More

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