Recent News

#Europe's Largest Appliance Market Plummets On Cost Guidance Concerns | Zero Hedge

October 26, 2018 / www.zerohedge.com

Electrolux AB, Europe's largest appliance maker, plunged to four year lows after reporting that costs are increasing and customers in North America balked at paying higher prices for its products.Read full newsRead More

Q3 #GDP Of 3.5% Beats Expectations As Inventories Soar; Trade, Investment Tumble | Zero Hedge

October 26, 2018 / www.zerohedge.com

On the surface, Q3 GDP was great. A quick look between the lines, however, reveals a lot of ugly details.Read full newsRead More

Take-Two Stock Could Have Gas in the Tank

October 26, 2018 / www.schaeffersresearch.com

It could be just the beginning of TTWO's reboundWhile most stocks are swimming in red ink today, shares of video game maker Take-Two Interactive Software, Inc. (NASDAQ:TTWO) are bucking the trend, last seen 0.9% higher at $121.72, following the highly anticipated release of its "Red Dead Redemption 2" game. What's more, it could be just the beginning of TTWO's recovery, with the stock flashing a h...Read More

Time will tell, but #EV revolution will accelerate for sure.

October 26, 2018 / twitter.com

"VW CEO says they'll have 'EVs as good as Tesla's for half the price by 2020' https://t.co/IOAuS5VQzj by @fredericlambert"Read full newsRead More

Stocks slide globally, U.S. Treasury prices rise

October 26, 2018 / www.kitco.com

NEW YORK (Reuters) - Stock markets around the world fell on Friday on track for their longest weekly losing streak since 2013 while U.S. Treasury prices rose along with demand for safer bets as better than expected U.S. economic data did little to assuage anxiety over disappointing corporate profits and trade wars.Wall Street plunged after earnings reports from Amazon.com and Alphabet rekindled a...Read More

Sears directors tap Evercore to examine former CEO Lampert's deals -sources

October 26, 2018 / www.kitco.com

(Reuters) - Two Sears Holdings Corp SHLDQ.PK board directors have hired investment bank Evercore Inc (EVR.N) to scrutinize deals that were led by former Sears Chief Executive Eddie Lampert with the U.S. retailer before it filed for bankruptcy protection, people familiar with the matter said on Friday.The deals, including separations of Sears’ businesses and real estate, may come under examin...Read More

#FF Excellent acc to follow: @JavierBlas @HayekAndKeynes @HC_Haplo @todd_harrison @EdVanDerWalt @backstroke_...

October 26, 2018 / twitter.com

"#FF Excellent acc to follow:@JavierBlas @HayekAndKeynes @HC_Haplo @todd_harrison @EdVanDerWalt @backstroke_ @tbiesheuvel @pierpont_morgan @charliebilello @David_Schro @dankogaion @hjesanderson @LivioFilice @StockCats @RampCapitalLLC Have a great weekend everyone!"Read full newsRead More

Trafigura-backed Finnish miner Terrafame to build EV battery plant

October 26, 2018 / www.mining.com

Finland's nickel and cobalt miner Terrafame has decided to invest in battery manufacturing for electric vehicles by building a chemicals plant, which will be partially funded by commodity trader Trafigura, the company said on Friday.The plant will produce chemicals for use in electric vehicle batteries located at its industrial site in Sotkamo, Finland.The plant will cost about 240 million euros,...Read More

Britain's SFO denied permission to charge Barclays over 2008 fundraising

October 26, 2018 / www.kitco.com

LONDON (Reuters) - A High Court judge has denied a Serious Fraud Office application to charge Barclays (BARC.L) over its 2008 capital raising, potentially ending the biggest remaining legal headache facing the British bank over its conduct during the financial crisis.A British court dismissed the charges against the bank last May in a decision that the SFO, which prosecutes financial crimes, said...Read More

Great Bear Announces C$3.5 Million Private Placement of Flow-Through Common Shares @GreatBearGBR...

October 26, 2018 / twitter.com

"Great Bear Announces C$3.5 Million Private Placement of Flow-Through Common Shares @GreatBearGBR https://t.co/bWAGZiZTQT"Read full newsRead More

Vedanta says will invest $700-$800m in South Africa smelter

October 26, 2018 / www.mining.com

Diversified miner Vedanta is investing up to $800 million in a zinc smelter in South Africa, the head of its zinc unit Deshnee Naidoo said at an investment summit in Johannesburg on Friday.Andile Sangqu, executive head of Anglo American South Africa, added at the same summit that his firm would invest 71.5 billion rand ($4.88 billion) in South Africa over the next five years.($1 = 14.6400 rand)(By...Read More

VIX Vaults Higher as Stocks Resume Sell-Off

October 26, 2018 / www.schaeffersresearch.com

The VIX is up 30% so far this weekStocks are selling off once more, with the Dow Jones Industrial Average (DJI) down more than 350 points at midday, almost erasing the gains from yesterday. The S&P 500 (SPX) and Nasdaq Composite (IXIC) are spiraling, as well, with the former hovering near correction territory. Plus, all three indexes are headed for a weekly loss -- the Nasdaq its fourth in a...Read More

Soothing words from Fed as rate hits ceiling for first time

October 26, 2018 / www.kitco.com

NEW YORK (Reuters) - Federal Reserve officials have tried this week to ease concerns on Wall Street that bank reserves are growing scarce and that the Fed’s key rate will edge up above a policy range, possibly forcing it to permanently hold more assets than planned.Thursday marked the third straight day in which the federal funds policy rate traded at its effective ceiling of 2.20 percent. B...Read More

Calls for Saudi arms embargo pit EU values against interests

October 26, 2018 / www.kitco.com

BRUSSELS/PARIS/BERLIN (Reuters) - Pressure is growing for the European Union to consider an arms embargo on Saudi Arabia after Germany, Austria and the European Parliament called for an end to weapons sales over the killing of Saudi journalist Jamal Khashoggi.In the space of a few hours that highlighted tensions over the matter, Germany’s Angela Merkel on Friday reaffirmed that her country w...Read More

Gold output at Randgold's Ivorian mine to fall 23.3% below 2018 forecast

October 26, 2018 / www.mining.com

Randgold Resources' Tongon mine in Ivory Coast will produce 23.3 percent less gold in 2018 than originally forecast as a result of 53 days of strike action that took place earlier this year, Chief Executive Mark Bristow said."The strike made us lose 70,000 ounces of gold (on the 300,000 ounces 2018 forecast)," Bristow said. "The production forecast has been revised to 230,000 ounces of gold for th...Read More

Gold output at Randgold's Ivorian mine to fall 23.3% below 2018 forecast

October 26, 2018 / www.mining.com

Randgold Resources' Tongon mine in Ivory Coast will produce 23.3 percent less gold in 2018 than originally forecast as a result of 53 days of strike action that took place earlier this year, Chief Executive Mark Bristow said."The strike made us lose 70,000 ounces of gold (on the 300,000 ounces 2018 forecast)," Bristow said. "The production forecast has been revised to 230,000 ounces of gold for th...Read More

Mattis to stress U.S.-Mideast security ties amid Khashoggi strains

October 26, 2018 / www.kitco.com

MANAMA (Reuters) - Defence Secretary Jim Mattis will stress the U.S. commitment to Middle East security at the weekend, officials said, amid Western concern that any loosening of U.S. ties to Riyadh after Jamal Khashoggi’s murder could allow Russia to fill the vacuum.Mattis will give a speech at the annual Manama Dialogue security conference in Bahrain on Saturday on the United States’...Read More

Pacton Appoints Dale Ginn as Executive Chairman and Director @PactonGold

October 26, 2018 / bit.ly

Pacton Gold (TSXV:PAC; US:PACXF) (theRead full newsRead More

Hummingbird will miss 2018 guidance after heavy rains in Q3 and pit stability issues more recently at Yanfolila ($)...

October 26, 2018 / twitter.com

"Hummingbird will miss 2018 guidance after heavy rains in Q3 and pit stability issues more recently at Yanfolila ($) | https://t.co/mfbLWiFlXl #gold #AIM $HUM"Read full newsRead More

RT @NorthmanTrader: It's almost as if there's less artificial liquidity floating around...???"

October 26, 2018 / twitter.com

"World equities have erased $15 trillion, or 17 percent, of their value since January, with China alone losing $3 trillion"Read full newsRead More

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