Recent News

With eyes on China, EU agrees investment screening rules

November 20, 2018 / www.kitco.com

BRUSSELS (Reuters) - The European Union on Tuesday provisionally agreed on rules for a far-reaching system to coordinate scrutiny of foreign investments into Europe, notably from China, to end what a negotiator called “European naivety”.Negotiators for the European Parliament and the EU’s 28 member states struck a deal to protect strategic technologies and infrastructure, such as...Read More

Disdain For Silver Can't Get Any Worse - Bloomberg Intelligence

November 20, 2018 / www.kitco.com

(Kitco News)- Silver has seen little love frominvestors this year, but according to one market analyst, disdain for theprecious metal has reached its peak and prices are due for a bounce.Mike McGlone, senior commoditystrategist at Bloomberg Intelligence, said in a report Tuesday that sentimentin silver is currently at levels that have often marked significant bottoms.Prices continue to hover near...Read More

Dow, S&P Go Negative on the Year as Apple Drops Again

November 20, 2018 / www.schaeffersresearch.com

Retail and tech stocks are driving today's downsideThe Dow Jones Industrial Average (DJI) picked up right where it left off on Monday, down 400 points at last check -- bringing its week-to-date loss beyond 3%. All 30 Dow stocks are trading in negative territory, led by another sharp sell-off for Apple (AAPL). These tech sector headwinds are being exacerbated by a round of disappointing retail earn...Read More

URBN Set to Snap Slump After Earnings Beat

November 20, 2018 / www.schaeffersresearch.com

Urban Outfitters stock is bucking the broader retail trendShares of Urban Outfitters, Inc. (NASDAQ:URBN) are higher today, bucking the broader retail trend into the red, after the companystepped into the earnings confessional last night. URBN's third-quarter earnings and revenue surpassed analysts' expectations across the board, with the stock now on pace to snap a seven-day losing streak, up 4% a...Read More

CANADA STOCKS-Energy, tech shares pull down TSX

November 20, 2018 / www.kitco.com

Nov 20 (Reuters) - Canada's main stock index fell on Tuesday, driven by a plunge in energy shares on the back of a drop in oil prices, along with a rout in global markets after technology shares slipped on iPhone demand concerns.* The energy sector dipped 2.3 percent and is on pace to post its fourth consecutive session of losses.* The technology sector's 2.7 percent plunge also weighed on the mai...Read More

Can we expect a major rebound in oil prices?

November 20, 2018 / www.mining.com

After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out.WTI hit a low point at $56 per barrel on Wednesday and Brent hit a low just below $65 per barrel. Both crude benchmarks regained some ground at the end of the week, despite the huge increase in U.S. crude oil inventories. In fact, rising prices in the face of the 10-mill...Read More

#France Suffers Anti-Carbon Revolt: Massive Road Blocks Against Macron's Diesel Tax | Zero Hedge

November 20, 2018 / www.zerohedge.com

In stunning irony, the French protest against Macron's diesel tax, while Macron insists the UK abide by climate accord...Read full newsRead More

How To Invest In Gold? Physical, ETFs, Gold Miners And Gold Mining ETFs

November 20, 2018 / seekingalpha.com

In the late part of the economic cycle, it is wise to have portfolio exposure to gold.There are various ways to get exposure to gold. The question is, what kind of exposure best fits your portfolio. Also, how much exposure is appropriate?Risk averse investors should look for physical gold investing options, while those who seek volatility can look at miners. Perhaps a combination of both is best.G...Read More

eBay polishes plans for online second-hand luxury watch market

November 20, 2018 / www.kitco.com

ZURICH (Reuters) - Buying a second-hand luxury watch on eBay (EBAY.O) should get easier next year as the online auction platform gets better at checking that only genuine timepieces go under the hammer.“By the end of 2019, we look to have an entire suite of services available to all luxury watch sellers and buyers on the platform,” James Hendy, in charge of eBay’s authentication...Read More

Nutrien getting head office tax break, province won't disclose cost of subsidy

November 20, 2018 / www.mining.com

Only one senior Nutrien Ltd. executive lives in Saskatchewan, but the potash company could still be getting heavily subsidized for maintaining head office jobs in the province.Despite being the only province with a potash industry, Saskatchewan subsidizes head-office jobs for potash companies. Deductions on potash profit taxes are offered at a rate of $25,000 per head, per year. For "new" corporat...Read More

Nutrien getting head office tax break, province won't disclose cost of subsidy

November 20, 2018 / www.mining.com

Only one senior Nutrien Ltd. executive lives in Saskatchewan, but the potash company could still be getting heavily subsidized for maintaining head office jobs in the province.Despite being the only province with a potash industry, Saskatchewan subsidizes head-office jobs for potash companies. Deductions on potash profit taxes are offered at a rate of $25,000 per head, per year. For "new" corporat...Read More

Retail gloom, tech weakness pin down Wall Street

November 20, 2018 / www.kitco.com

(Reuters) - The S&P 500 hit a three-week low on Tuesday as weak results and forecasts from a bunch of retailers including Target and Kohl’s fanned worries about holiday season sales, while tech stocks continued to slide on concerns about iPhone sales.Apple Inc’s APPL.O 3.8 percent fall added to the pressure as the stock that led the market through much of its bull run opened at its...Read More

Denmark aims to improve whistleblower protection amid Danske Bank scandal

November 20, 2018 / www.kitco.com

COPENHAGEN (Reuters) - Denmark pledged to improve legal protection for whistleblowers after a British man who helped expose alleged money laundering at Danske Bank, spoke publicly for the first time.In a widening scandal, authorities in Denmark, Estonia, Britain and the United States are investigating payments totaling 200 billion euros ($228.5 billion) made through the tiny Estonian branch of Den...Read More

Nvidia shares turn positive after Citron buys stock

November 20, 2018 / www.kitco.com

(Reuters) - Shares of Nvidia Corp reversed course after markets opened to gain about 2.5 percent on Tuesday after shortseller Citron Research said it has bought the chip designer's stock."Citron buys $NVDA. This is the first time in 2 years stock offers an appealing risk-reward to investors. $NVDA still a player in AI and Data...will eat through inventory issue. We see $165 before we see 120," Cit...Read More

Goldman Sachs sees 'modest' emerging market rebound in 2019

November 20, 2018 / www.kitco.com

LONDON (Reuters) - Investment bank Goldman Sachs said on Tuesday that it expected emerging market shares, currencies and bonds to see a modest rebound next year.“We expect modest positive returns across the major EM indices next year, albeit with low risk-adjusted returns,” analysts at Goldman said in a 2019 outlook report.They forecast that emerging market equities would see the bigge...Read More

Canadian air force running short of pilots, jets: top watchdog

November 20, 2018 / www.kitco.com

OTTAWA (Reuters) - The Canadian air force is increasingly running short of combat-capable fighter jets and pilots and government attempts to address the problem have only made it worse, the nation’s top watchdog said on Tuesday.The report by Auditor General Michael Ferguson is the latest blow to a decade-long and trouble-plagued attempt by successive administrations to replace Canada’s...Read More

92 Resources acquires Silver Sands vanadium project in BC

November 20, 2018 / www.mining.com

92 Resources (TSXV: NTY; US-OTC: RGDCF) recently acquired the 37 sq. km Silver Sands vanadium project in Pine Pass, eastern British Columbia, by paying $15,000 in staking costs. The vendor retains a 2% net smelter returns royalty on the property. Vanadium's spot price has risen more than 550% since September 2016, and is nearing its highest point since 2005.Silver Sands lies just east of Ethos G...Read More

Gold Loses Early Gains As U.S. Dollar Rallies

November 20, 2018 / www.kitco.com

(Kitco News) - Gold prices are trading modestly down and have lost mild earlygains in late-morning action Tuesday. The U.S. dollar index has rallied to itsdaily high, which in turn has put some downside pressure on the precious metalsmarkets. Still, another sell off in the U.S. stock market today will likelylimit the downside for the safe-haven gold and silver markets. December goldwas last dow...Read More

92 Resources acquires Silver Sands vanadium project in BC

November 20, 2018 / www.mining.com

92 Resources (TSXV: NTY; US-OTC: RGDCF) recently acquired the 37 sq. km Silver Sands vanadium project in Pine Pass, eastern British Columbia, by paying $15,000 in staking costs. The vendor retains a 2% net smelter returns royalty on the property. Vanadium's spot price has risen more than 550% since September 2016, and is nearing its highest point since 2005.Silver Sands lies just east of Ethos G...Read More

Report: London OTC Gold Market Nearly As Large As Comex

November 20, 2018 / www.kitco.com

(Kitco News) - Average daily gold turnover was$36.9 billion and 30.2 million ounces in the London over-the-counter market duringthe last week, the London Bullion Market Association reported Tuesday uponreleasing a new report aimed at increasing transparency in the market.Average daily silver volumeduring this period was $5.2 billion and 359.3 million ounces, the report said.Some analysts pointe...Read More

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