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AMD Options Traders Bearish Ahead of Earnings

January 29, 2018 / www.schaeffersresearch.com

Advanced Micro Devices, Inc. (NASDAQ:AMD) is scheduled to report fourth-quarter earnings after tomorrow's close. Below, we will take a look at how AMD stock has been faring on the charts, and how options traders are speculating on the semiconductor name -- which is on the cusp of a historically bullish month.AMD stock has gained more than 27% so far in 2018, and rallied roughly 36% from its Dec. 5...Read More

'Watershed moment' for Rose Petroleum with new Paradox Basin data

January 29, 2018 / www.proactiveinvestors.co.uk

Chris Eadie, CFO at Rose Petroleum PLC (LON:ROSE), discusses with Proactive's Andrew Scott new analysis of its Paradox basin acreage, in Utah, which sees the potential for some 450mln barrels to be present.Specifically, they've received the initial interpretation of new 3D seismic data for a 20 square mile area known as the Gunnison Valley Unit or GSU.The process, which is ongoing, has identified...Read More

25 Stocks to Buy Right Now

January 29, 2018 / www.schaeffersresearch.com

Although U.S. stocks are down today, it's been a stellar start to 2018, with the major market indexes still pacing for their best month in years. With February around the corner, we decided to take a look at some stocks that could outperform next month, if past is prologue. Below is a list of 25 stocks to buy now, if history is any indicator, with travel stock Priceline Group Inc (NASDAQ:PCLN) lea...Read More

The Quiet Recovery Of The Gold Miners

January 29, 2018 / seekingalpha.com

Gold stocks (XAU) have outperformed since December.The impressive XAU rally has gone largely unnoticed, however.Gold miners have excellent upside in the year ahead. Lost amid the fanfare for the impressive upside run in the equity market, gold and silver mining stocks have been staging their own quiet comeback. The PHLX Gold/Silver Index (XAU), which measures the performance of the best known of t...Read More

Morocco's currency move step in right direction - IMF

January 29, 2018 / www.kitco.com

By Ulf LaessingMARRAKECH, Morocco, Jan 29 (Reuters) - Morocco's new more flexible hard currency system is a step in the right direction to make the kingdom more attractive to investment and turn it into a financial hub for Africa, a senior IMF official said on Monday.Two weeks ago, the North African country launched a more flexible foreign exchange system, part of free-market reforms recommended b...Read More

Options Bulls Blast Electronic Arts Stock Ahead of Earnings

January 29, 2018 / www.schaeffersresearch.com

Earnings season hits high gear this week, with video game maker Electronic Arts Inc. (NASDAQ:EA) among the many names set to report. Specifically, the "Star Wars: Battlefront" creator will unveil its fiscal third-quarter results after tomorrow's close, and despite EA stock's negative earnings reaction last quarter, options traders have been loading up on calls ahead of the event. Below, we'll take...Read More

Investors to chew over Domino's Pizza update as they await start of the first FOMC meeting of 2018

January 29, 2018 / www.proactiveinvestors.co.uk

Just to make us all feel hungry, Domino's Pizza Group PLC (LON:DOM) will deliver its latest trading news on Tuesday, with further progress expected after its third quarter update back in October showed solid like-for-like sale growth.That was on weak comparatives, however, and question marks remain over the group's margins and long-term sales growth trends.With competition rising - from...Read More

Angola leaves benchmark lending rate at 18 percent

January 29, 2018 / www.kitco.com

LUANDA, Jan 29 (Reuters) - Angola's central bank left its benchmark lending rate unchanged at 18 percent at a meeting of its monetary policy committee on Monday, the regulator said in a notice on its website.The next meeting of Angola's monetary policy committee is on Feb. 28, the notice said. (Reporting by Joe Brock; Editing by Richard Balmforth) Disclaimer: The views expressed in this article a...Read More

Brazil central gov't easily meets 2017 primary budget target

January 29, 2018 / www.kitco.com

BRASILIA, Jan 29 (Reuters) - Brazil's central government easily met its 2017 primary budget deficit target after rising tax revenue led to a smaller-than-expected December shortfall, government data showed on Monday.The central government, comprised of the federal government, social security and the central bank, posted a deficit of 124.401 billion reais ($39.3 billion) in 2017 before interest rat...Read More

UPDATE 1-U.S. pensions seen adding bonds, paring stocks -Wells Fargo

January 29, 2018 / www.kitco.com

(Adds background, details from research note)NEW YORK, Jan 29 (Reuters) - U.S. pensions are expected to shift more money into bonds and out of equities to rebalance their holdings at month-end in the wake of strong gains in the stock market in January, Wells Fargo strategists said on Monday.The possible increased allocation into bonds comes as global bond yields have been rising on strengthening...Read More

VIX Spikes as Stocks Stay Lower with Apple

January 29, 2018 / www.schaeffersresearch.com

Stocks are pulling back, with the Dow Jones Industrial Average (DJI) dropping more than 160 points at its intraday low -- pressured by Apple's (AAPL) iPhone X production concerns ahead of Thursday night's earnings report. Plus, despite strong earnings from Lockheed Martin (LMT) and big M&A news in Keurig Green Mountain's purchase of Dr Pepper Snapple (DPS), investors are focusing instead on this m...Read More

Chile open to increasing SQM lithium quota to satisfy Tesla -Corfo

January 29, 2018 / www.mining.com

SANTIAGO, Jan 29 (Reuters) - Chile is open to negotiating an additional quota of lithium for local miner SQM to meet potential demand from U.S. electric car-maker Tesla, Eduardo Bitran, head of Chilean development agency Corfo, told Reuters on Monday.Bitran said Tesla and SQM were "exploring" opportunities after Tesla expressed interest in buying "important volumes" of lithium hydroxide, a key ing...Read More

Historic Sunken Gold Treasure Makes Its Public Debut In California

January 29, 2018 / www.kitco.com

(Kitco News)- Ever wantedto know what $40 million in recovered gold looks like? Well now you will getyour chance as the world’s greatest lost treasure goes on display in Californianext month.From Feb.22 to 24, gold recovered from the SS Central America, also known as the “Shipof Gold,” will be on display during the Long Beach Coin, Currency, Stamp &Sports Collectible Expo, co...Read More

Africa's newest gold miner starts output and sees potential IPO

January 29, 2018 / www.mining.com

(Bloomberg) - Toro Gold Ltd. became Africa's newest gold producer last week when it delivered its first batch of bullion, and the privately held firm is now weighing the possibility of selling shares this year.The company, which achieved the unusual feat of building a bullion mine without tapping public markets for funding, expects to produce about 135,000 ounces of the metal a year from the Mako...Read More

Nigeria central bank injects $210 mln into currency market

January 29, 2018 / www.kitco.com

ABUJA, Jan 29 (Reuters) - Nigeria's central bank said on Monday it had injected $210 million into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages.The bank said in a statement it had released $100 million earmarked for the wholesale market, $55 million for small businesses and individuals, and $55 million for certain dollar expenses such as...Read More

Loulo-Gounkoto set for record production

January 29, 2018 / www.mining.com

Bamako, Mali, 29 January 2018 - Randgold Resources' Loulo-Gounkoto gold mining complex is on track to improve on its record performance in 2018, with last year's production expected to reach a new peak and at lower cash costs of production, Chiaka Berthe, the company's general manager of its West African operations, said today.Speaking at the quarterly update for local media, Berthe said this...Read More

Loulo-Gounkoto set for record production

January 29, 2018 / www.mining.com

Bamako, Mali, 29 January 2018 - Randgold Resources' Loulo-Gounkoto gold mining complex is on track to improve on its record performance in 2018, with last year's production expected to reach a new peak and at lower cash costs of production, Chiaka Berthe, the company's general manager of its West African operations, said today.Speaking at the quarterly update for local media, Berthe said this...Read More

UPDATE 1-Russian pipe maker TMK's U.S. subsidiary sets IPO price range

January 29, 2018 / www.kitco.com

(Adds context, analyst quote)MOSCOW, Jan 29 (Reuters) - U.S. steel pipes producer IPSCO Tubulars and its owner, Russia's TMK aim to raise between $465 million and $535 million from IPSCO's initial public offering (IPO) on the New York Stock Exchange, it said on Monday.IPSCO announced a price range for the deal amid market expectations that Washington would release reports detailing the possibilit...Read More

Northern Dynasty: permitting for Southwest Alaska's Pebble Project remains on track

January 29, 2018 / www.mining.com

2017 settlement agreement provides clear path for project review and permittingVANCOUVER, Jan. 26, 2018 /PRNewswire/ - Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE MKT: NAK) ("Northern Dynasty" or the "Company") confirms the Environmental Impact Statement ("EIS") permitting process for Southwest Alaska's Pebble Project continues to advance under the guidance of lead federal agency, the US Army C...Read More

Northern Dynasty: permitting for Southwest Alaska's Pebble Project remains on track

January 29, 2018 / www.mining.com

2017 settlement agreement provides clear path for project review and permittingVANCOUVER, Jan. 26, 2018 /PRNewswire/ - Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE MKT: NAK) ("Northern Dynasty" or the "Company") confirms the Environmental Impact Statement ("EIS") permitting process for Southwest Alaska's Pebble Project continues to advance under the guidance of lead federal agency, the US Army C...Read More

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