(Kitco News) - Chinese authorities seized 600 computers used to mine bitcoin after a massive power surge was noticed in the local grid, according to media reports.“[It was] the largest power theft case in recent years,” state news agency Xinhua quoted police as saying.The seizure took place in the city of Tianjin, located in northern China. And police also confiscated “eight high...Read More
Previous signals have preceded big short-term gains for the sharesThe shares of drugmaker Immunomedics, Inc. (NASDAQ:IMMU) have been virtually unstoppable lately, pacing for a fourth straight weekly gain and fresh off a 16-year high. What's more, IMMU is one of the few stocks currently trading near new highs while simultaneously sporting attractive short-term option premiums -- even with earnings...Read More
TSX Venture Symbol: COROTCQB Symbol: CAMZF Frankfurt Symbol: XC01 VANCOUVER , May 2, 2018 /CNW/ - Camino Minerals Corp. ("Camino" or the "Company") (COR:TSX-V) is pleased to announce it has signed an option agreement with Compania Minera Villa Hermosa JV RR S.A.C. (the "Vendor") pursuant to which it can acquire through a wholly-owned subsidiary, Minquest Peru S.A.C., a 100% interest in the V...Read More
Click Here to Listen to the InterviewHighlights:Wolf Richter, founder of WolfStreet.com returns to the show with cautionary comments on the US financial sector.Unlike many Wall Street bears, Wolf Richter does not expect the markets to implode, but instead, following a decade of record growth, stocks / bonds could under perform expectations.Although our guest does not view himself as a 'Gold-Bug' p...Read More
By Avi GilburtAs some of you may know me by now, I run a trading room with over 3500 traders, have over 450 money manager clients, have over 23,000 followers on Seeking Alpha, and have the 6th largest service out of the 169 that are offered in the Seeking Alpha Marketplace (even though I am a technical analyst on that fundamental analysis web site). I have certainly come a long way since I first...Read More
Apple reported an impressive earnings beat last nightBuilding anticipation ahead of this afternoon's Fed policy decision is overshadowing an Apple (AAPL) earnings beat, with theDow Jones Industrial Average (DJI) and S&P 500 Index (SPX) lower at midday. In addition, Travelers (TRV) stock is slipping amid insurance-sector woes, further weighing on the blue-chip index. The Nasdaq Composite (IXIC) is...Read More
(Reuters) - U.S. stocks fell on Wednesday as caution set in ahead of the Federal Reserve’s regular policy statement, while strong results from Apple kept losses in check.Expectations the U.S. central bank will sound more hawkish on policy tightening kept investors wary of big market moves, especially after currency markets were roiled this week by the dollar’s surge to 3-1/2-month high...Read More
Domestic prices for cold-rolled coil (CRC) in Europe have been largely stable over the past week, sources told Metal Bulletin on Wednesday April 25.The market has been in "wait-and-see" mode with participants waiting for a final decision from the United States about its Section 232 import tariffs and an expected announcement arising from a safeguard case in the EU, sources said."There is a little...Read More
Alasdair Macleod believes we are heading into global equity and bond bear market and into a bull market for commodities and precious metals.Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Read More
By Rory HallIt appears we are seeing another sign of the frequency shift. Over the past few weeks we have been speaking more about this shift in terms of spirituality and and community, but today we see it manifesting in a whole other area.The decline in mining output, by the "world's largest gold miner", Barrick Gold, seems to point towards undeniable reasons, as we have been saying for the pas...Read More
"We suspected silver would be the incorrect count (but hoped it wouldn't be)...We expect silver to keep falling now to at least the..."by Captain Ewave of CaptainEwaveCAPTAIN EWAVE LONG TERM CHARTS UPDATE Gold: Longer Term Update: Weekly Gold Chart:Gold was lower this past week reaching a low of 1316.30. We continue to work on the assumption that a complex wave ^ii^ is not complete at the...Read More
Call writers may be hoping to profit on a post-earnings volatility crushShort-term volatility expectations are elevated on Tesla Inc (NASDAQ:TSLA) ahead of the electric carmaker's first-quarter earnings report, due out after tonight's close, per the stock's 30-day at-the-money implied volatility of 54% -- in the 90th percentile of its annual range. And while this isn't too surprising given the unc...Read More
LONDON (Reuters) - Oil fell for a second day on Wednesday, surrendering early gains after evidence of further increases in U.S. shale supply and a rise in Iranian exports ahead of a possible renewal of U.S. sanctions on Tehran.July Brent futures LCOc1 were down 43 cents at $72.70 a barrel by 1352 GMT, after falling nearly 3 percent on Tuesday to their lowest in two weeks.U.S. West Texas Intermedia...Read More
Mark Mobius believes if interest rates continue to increases - and that seems to be where the Fed is headed - other central banks will also have to increase ratesContinue...Read More
Domestic prices for hot-rolled coil (HRC) in Southern Europe have fallen slightly this week, sources told Metal Bulletin on Wednesday May 2, although the direction in which prices are moving is not entirely clear because the market has been slowed by holidays in Europe early in the week.Domestic prices remained under pressure, with end-users still resisting price rises from distributors because th...Read More
As a general rule, the most successful man in life is the man who has the best information Donald Trump's enmity towards Amazon and its founder Jeff Bezos, the richest man on Earth, has indeed been going on for a long time, and it's easy to frame the tiff as two billionaires marking their territory like two pit bulls in a fight ring. After all, Trump is a billionaire capitalist too, and it's no...Read More
Shares of the Snapchat parent are on track for their worst day in nearly a yearSnap Inc (NYSE:SNAP) shares are down 20.4% to trade at $11.25, fresh off a new record low of $10.96, and the worst stock on the New York Stock Exchange (NYSE) today. Weighing on the equity is the company's lower-than-anticipated first-quarter revenue and daily active user growth, as well as a dismal current-quarter rev...Read More
China's currency, the yuan, was pegged at the lowest level against the U.S. dollar in more than three months Wednesday, suggesting officials are ready to take a hard line on trade talks as President Donald Trump sends a delegation to Beijing later this week. The yuan's level was set earlier Wednesday by the People's Bank of China, the country's central bank, following two days of trading holiday...Read More
By James AndersonOne dealer bankrupted in 2016 with two of its directors indicted in April 2018 on fraud charges. The other dealer still gets over from its 1980's branding yielding high volumes of google searches, and thus possibly churning and burning new novice customers every day. Allegations of fraud total $362.5 million USD in lost customer and vendor funds combined.#1 Silver Gold Scam Indi...Read More
--Glencore won a temporary injunction against mining magnate Dan Gertler over $2.28 billion worth of royalties the Israeli businessman says he is owed by the Anglo-Swiss commodities trader, the Financial Times reports. --The FT says a London court granted the injunction after Mr. Gertler took legal action to freeze the company's Kamoto Copper Company mine in the Democratic Republic of Congo over t...Read More