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Wells Fargo jumps into credit card rewards race

June 25, 2018 / www.kitco.com

June 25 (Reuters) - Wells Fargo & Co introduced a new credit card rewards program on Monday, aiming to stand out against other benefit-heavy cards and gain more of a foothold in a market where it has lagged rivals.Other big U.S. lenders like JPMorgan Chase & Co have successfully built up their credit card business by luring customers with travel and entertainment benefits in recent years.S...Read More

A Safe Nuclear Reactor?

June 25, 2018 / www.energyandcapital.com

Don't believe your politicians...The threat of a nuclear war is still very real.President Trump has done a good job convincing his voter base that he's making progress with North Korean relations.But the fact is, North Korea has promised denuclearization dozens of times in the past. Why should we believe them now?We shouldn't.Nor should we trust what our own politicians say.On June 13th, President...Read More

Paramount Gold Nevada Corp. (NYSE American: PZG): A U.S. Based Gold and Silver, Advanced Exploration Company, Over 4 Million Ounces of Gold (M&I)

June 25, 2018 / www.metalsnews.com

Paramount Gold Nevada Corp. (NYSE American: PZG) is a U.S based, precious metals exploration company, with a mineral inventory exceeding 6 million ounces of gold equivalent to shares outstanding, providing its shareholders with exceptional leverage to the gold price. Paramount owns 100% of the Grassy Mountain Gold Project, which consists of approximately 9,300 acres located on private and BLM land...Read More

Oil drops as market braces for more OPEC crude and Wall Street slips

June 25, 2018 / www.kitco.com

NEW YORK (Reuters) - Oil fell on Monday as investors prepared for an extra 1 million barrels per day (bpd) of oil to hit the markets after OPEC agreed to raise production and as U.S. equity markets slipped on trade war fears.Brent crude futures LCOc1 fell $1.35 to $74.20 a barrel by 12:30 p.m. EDT (1630 GMT). U.S. light crude CLc1 retreated after an early rise to trade down 41 cents to $68.17 a ba...Read More

EU imposes sanctions on more top Venezuelan officials

June 25, 2018 / www.kitco.com

LUXEMBOURG (Reuters) - The European Union imposed economic sanctions on 11 senior Venezuelan officials on Monday in protest at President Nicolas Maduro’s re-election, which the bloc says was not free or fair, and over his government’s alleged rights abuses.The new travel bans and asset freezes, discussed and reported by Reuters in May , follow EU moves against seven other senior offici...Read More

U.S. says still working to reunite 2,053 children with families

June 25, 2018 / www.kitco.com

WASHINGTON (Reuters) - The U.S. government still has 2,053 children in its custody who were separated from their parents under President Donald Trump’s “zero tolerance” immigration policy and officials said there was a “well coordinated” process for reuniting families.The Department of Homeland Security issued a fact sheet late on Saturday in the face of criticism fro...Read More

PayPal launches debit card for its mobile app Venmo

June 25, 2018 / www.kitco.com

(Reuters) - PayPal Holdings Inc said on Monday it is launching a debit card for users of its mobile app Venmo in a bid to broaden its reach with younger users.Venmo, which has been part of PayPal since 2013, is one of the more popular mobile applications for person-to-person payments in the United States.Users of Venmo's Mastercard debit card can pay in stores using the balance on their app rather...Read More

Defiance Silver (TSXV: DEF) (OTC: DNCVF) Closes Acquisition of MAG Silver Holdings

June 25, 2018 / www.investorideas.com

Vancouver, British Columbia - June 25, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Defiance Silver Corp. (TSXV: DEF) (OTC: DNCVF) ("Defiance") is pleased to announce that it has completed its acquisition of MAG Silver Corp.'s ("MAG") Zacatecas Silver District holdings and its regional exploration database covering 135,000ha (see News Release dated June 13, 2018). As consideration for the sa...Read More

Excelsior Mining (TSX: MIN) (FSE: 3XS) (OTCQX: EXMGF) Receives Federal EPA Operating Permit

June 25, 2018 / www.investorideas.com

Phoenix, Arizona - June 25, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Excelsior Mining Corp. (TSX: MIN) (FSE: 3XS) (OTCQX: EXMGF) ("Excelsior" or the "Company") announces that the United States Environmental Protection Agency ("EPA") has issued an operating permit, the Class III Underground Injection Control ("UIC") Area Permit, for the Gunnison Copper Project, located in Cochise County,...Read More

Aftermath Silver (TSXV: AAG.H) Announces Execution of Definitive Agreement to Purchase the Advanced Cachinal Silver - Gold Project, Chile

June 25, 2018 / www.investorideas.com

Vancouver, British Columbia - June 25, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Aftermath Silver Ltd. (TSXV: AAG.H) ("Aftermath" or the "Company") is pleased to announce it has entered into a definitive agreement (the "Agreement") with Apogee Opportunities Inc. ("Apogee") to purchase their holding in the Cachinal De La Sierra Silver-Gold Project ("Cachinal" or the "Project") through the...Read More

INK Canadian Insider Index awaits US dollar top

June 25, 2018 / www.canadianinsider.com

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index had a quiet week of consolidation, twice pulling back to the low 1300s (and Bollinger band midpoint) where it also bounced twice before closing at 1312.32 for a loss of 1.83 points.MACD fell 1.32 points to 0.10. RSI fell 8.41 to 51.32.Support is at 1293 and 1302. Resistance is...Read More

Global stocks sink on trade disputes, safer investments steady

June 25, 2018 / www.kitco.com

NEW YORK (Reuters) - Wall Street opened lower and global stock markets sank on Monday as a trade dispute between the United States and other leading economies worsened, while U.S. Treasuries and other safer investments gained.A U.S. government official on Sunday said the Treasury Department was drafting curbs that would block firms with at least 25 percent Chinese ownership from buying U.S. compan...Read More

INTERVIEW: EC should wait on safeguard case decision as "imports not a threat to European steel market" - Assofermet says

June 25, 2018 / www.metalbulletin.com

The European Commission (EC) needs to wait before making a decision in the safeguard case until trade flow changes become clear because, currently, there is no threat to the EU steel market from imports, Tommaso Sandrini, president of Italian steel distributors' association Assofermet told Metal Bulletin.The EC opened an investigation in late March, in an attempt to prevent steel shipments being r...Read More

Rebound in South powers U.S. new home sales in May

June 25, 2018 / www.kitco.com

WASHINGTON (Reuters) - Sales of new U.S. single-family homes increased more than expected in May as sales in the South surged to their highest level in nearly 11 years.The Commerce Department said on Monday new home sales jumped 6.7 percent to a seasonally adjusted annual rate of 689,000 units last month, the highest level since November 2017. April’s sales pace was revised down to 646,000 u...Read More

LME readying to launch three regional HRC contracts in January

June 25, 2018 / www.metalbulletin.com

The London Metal Exchange will introduce three regional hot-rolled coil contracts at the start of 2019, coinciding with a change in attitude towards risk management tools for the ferrous sector, according to the exchange's business development manager. The contracts are aimed at the domestic markets in the United States and in Europe as well as the Chinese export market, said Marko Kusigerski...Read More

Oil drops after OPEC+ output deal, but markets to stay tight

June 25, 2018 / www.kitco.com

LONDON (Reuters) - Brent crude oil fell on Monday as investors prepared for an extra 1 million barrels per day (bpd) in output to hit the markets after OPEC and its partners agreed to raise production.Despite the increase, which is intended to stop the gap between global supply and demand from becoming too wide, analysts said global oil markets would likely remain relatively tight this year.Brent...Read More

Advent says to acquire GE's distributed power business for $3.25 billion

June 25, 2018 / www.kitco.com

FRANKFURT (Reuters) - U.S. buyout group Advent has agreed to buy General Electric’s (GE) (GE.N) distributed power operations for $3.25 billion, the companies said on Monday.GE had put the unit, which includes the reciprocating gas engine brands GE Jenbacher and Waukesha up for sale, to bolster its finances.The deal values the company at about 9.7 times its 2018 earnings before interest, tax,...Read More

CHINA HRC: Domestic prices drop amid weakening demand

June 25, 2018 / www.metalbulletin.com

China's domestic hot-rolled coil prices softened further on Monday June 25 amid persistently weak demand, traders told Metal Bulletin.DomesticEastern China (Shanghai): 4,260-4,270 yuan ($655-656) per tonne, narrowing downward by 10 yuan per tonneNorthern China (Tianjin): 4,150-4,170 yuan per tonne, down 50 yuan per tonneMonday's price decline was due to weakening demand as a result of downstream b...Read More

A Walk on the Wild Side

June 25, 2018 / www.acting-man.com

A Walk on the Wild Side "Never play cards with a man called Doc. Never eat at a place called Mom's. Never sleep with a woman whose troubles are worse than your own." - Nelson Algren, A Walk on the Wild Side Fresh Fruit or Rotting Vegetables?A subtle gas seems to always be vented into the atmosphere at the sunset of an extended bull market. As the light fades, an odor that's indiscernible f...Read More

LME readying to launch three regional HRC contracts in January

June 25, 2018 / www.metalbulletin.com

The London Metal Exchange will introduce three regional hot-rolled coil contracts at the start of 2019, coinciding with a change in attitude towards risk management tools for the ferrous sector, according to the exchange's business development manager. The contracts are aimed at the domestic markets in the United States and in Europe as well as the Chinese export market, said Marko Kusigerski...Read More

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