Recent News

Goldman Sachs says executives will not attend Saudi conference

October 18, 2018 / www.kitco.com

(Reuters) - Goldman Sachs Group Inc (GS.N) will not send any of its executives to a Saudi investment conference next week, Chief Executive Officer David Solomon said in an interview with CNBC on Thursday.“I was not planning to go and we had no senior executives going to the conference,” he said. “Dina Powell had been planning to go to the conference. She will not now be attending...Read More

FAANG Earnings, GDP In the Spotlight Next Week

October 18, 2018 / www.schaeffersresearch.com

CAT, MCD, VZ, MSFT, and TWTR will also step up to the earnings plateIt's a busy week ahead, with another round of housing data and the third-quarter gross domestic product (GDP) estimate on tap.Earnings season is full speed ahead, with several big names reporting, including Dow members Caterpillar Inc. (NYSE:CAT), McDonald's Corp (NYSE:MCD), and Verizon Communications Inc. (NYSE:VZ), as well as...Read More

Mountain Province Diamonds latest sale nets $24 million

October 18, 2018 / www.mining.com

Total proceeds from Mountain Province Diamonds' (TSX: MPVD) latest sale were $24.2 million netted from 366,505 carats, the company announced today."These results were in line with our expectations and reflect current market conditions. We saw good price bids for our better quality larger goods where, the majority of our value lies," said Stuart Brown, Mountain Province Diamonds president in a stat...Read More

Mountain Province Diamonds latest sale nets $24 million

October 18, 2018 / www.mining.com

Total proceeds from Mountain Province Diamonds' (TSX: MPVD) latest sale were $24.2 million netted from 366,505 carats, the company announced today."These results were in line with our expectations and reflect current market conditions. We saw good price bids for our better quality larger goods where, the majority of our value lies," said Stuart Brown, Mountain Province Diamonds president in a stat...Read More

Mountain Province Diamonds latest sale nets $24 million

October 18, 2018 / www.mining.com

Total proceeds from Mountain Province Diamonds' (TSX: MPVD) latest sale were $24.2 million netted from 366,505 carats, the company announced today."These results were in line with our expectations and reflect current market conditions. We saw good price bids for our better quality larger goods where, the majority of our value lies," said Stuart Brown, Mountain Province Diamonds president in a stat...Read More

Argentina peso weakens for second day in a row

October 18, 2018 / www.kitco.com

BUENOS AIRES, Oct 18 (Reuters) - Argentina's peso closed slightly weaker on Thursday after the central bank sold another round of short-term debt with high interest rates.The peso was down 1.12 percent at 36.65 per U.S. dollar, traders said. It has fallen 1.77 percent in the last two days. So far in 2018, the peso has depreciated 49.11 percent.Earlier on Thursday, the central bank sold 152.373 bil...Read More

How Traders Doubled Their Money With IVZ Puts

October 18, 2018 / www.schaeffersresearch.com

The shares fell to six-year lows after a handful of price-target cutsSubscribers to Schaeffer's Weekend Trader Series service just scored a 100% profit in five weeks with the Invesco Ltd. (NYSE:IVZ) January 2019 26-strike put . Below, we're going to take a look back at why we were bearish on the investment management concern, and how IVZ performed after we suggested the put option. When we ente...Read More

Gold consolidates recent gains, defies stronger dollar

October 18, 2018 / www.fxstreet.com

After several months during which gold moved almost entirely in reverse fashion to the dollar, ignoring other developments and barely acting as the haven asset it’s considered to be, this dynamic may be changing. Demand for the yellow metal seems to be picking up amid broader uncertainty in markets, evident by bullion prices remaining resilient lately even in the face of a soaring dollar. Wh...Read More

U.S. Gives Saudis More Time On Khashoggi; Mnuchin Spurns Conference

October 18, 2018 / www.kitco.com

Steve Holland, Bulent UstaWASHINGTON/ISTANBUL (Reuters) - The top U.S. diplomat advised President Donald Trump on Thursday to give Saudi Arabia more time to investigate journalist Jamal Khashoggi’s disappearance even as Treasury Secretary Steven Mnuchin abandoned plans to attend an investor conference in Riyadh, putting the high-profile event in question.In Istanbul, Turkish investigators fo...Read More

Puts Popular as Vertex Pharmaceuticals Extends Pullback

October 18, 2018 / www.schaeffersresearch.com

Sector peer Proteostasis Therapeutics, on the other hand, is up over 300% todayProteostasis Therapeutics (PTI) scored a big win after reporting positive data for its cystic fibrosis drug in an early stage study. In response, sector peer Vertex Pharmaceuticals, Inc. (NASDAQ:VRTX) is lower today, down 3.5% to trade at $179.02, at last check. Options traders are hitting overdrive on Vertex today, w...Read More

Gap Stock Downgrade Sparks Heavy Options Trading

October 18, 2018 / www.schaeffersresearch.com

The brokerage firm expressed concern over margins and same-store salesGap Inc (NYSE:GPS) is trading near the bottom of the S&P 500 Index (SPX) today, down 6.1% at $25.46, and fresh off a 13-month low of $25.34. The sell-off was sparked by a bear note at J.P. Morgan Securities, which downgraded GPS stock to "underweight" from "neutral," and slashed its price target by $6 to $24 -- the lowest on Wal...Read More

New Carolin Gold Corp. (#TSXV: $LAD // #OTCBB: $LADFF) Announces Potential Quantity and Grade of Four Near-Mine Ta...

October 18, 2018 / twitter.com

"New Carolin Gold Corp.(#TSXV: $LAD // #OTCBB: $LADFF) Announces Potential Quantity and Grade of Four Near-Mine Targets to Add to Carolin Mine [https://t.co/GrPErcocqD]#investing #stocks #stockmarket #trading #investors #capitalmarkets #news #business #mining #resources #gold"Read full newsRead More

Dollar gains on euro as European Commission criticizes Italian budget

October 18, 2018 / www.kitco.com

NEW YORK (Reuters) - The U.S. dollar rose to one-week highs against the euro on Thursday after the European Commission said Italy’s 2019 budget draft is in serious breach of EU budget rules.The step prepares the ground for what would be an unprecedented rejection of a member state’s fiscal plan.The euro EUR= tumbled to $1.455, its lowest against the greenback since Oct. 9, on the new...Read More

Italy's 5-Star seeks 'clarification' with League over tax amnesty row

October 18, 2018 / www.kitco.com

FIGLINE VALDARNO, Italy (Reuters) - The head of Italy’s anti-establishment 5-Star Movement Luigi Di Maio said on Thursday that a dispute with the League over a tax amnesty needed to be sorted out because it was upsetting financial markets.“We need a political clarification,” Di Maio told reporters in Tuscany after the two ruling parties had their first major clash over the amnest...Read More

Dollar gains on euro as European Commission criticizes Italian budget

October 18, 2018 / www.kitco.com

NEW YORK (Reuters) - The U.S. dollar rose to one-week highs against the euro on Thursday after the European Commission said Italy’s 2019 budget draft is in serious breach of EU budget rules.The step prepares the ground for what would be an unprecedented rejection of a member state’s fiscal plan.The euro EUR= tumbled to $1.455, its lowest against the greenback since Oct. 9, on the new...Read More

Pharma Stock Drops 20%; Apple Volatility Expectations Spike

October 18, 2018 / www.schaeffersresearch.com

AAPL shares are down with the broader marketStocks are selling off today on fears of rising interest rates and Chinese markets. Three names in particular worth monitoring are iPhone creator Apple Inc. (NASDAQ:AAPL), freight concern Canadian National Railway (NYSE:CNI), and drugmaker Apellis Pharmaceuticals Inc (NASDAQ:APLS). Keep reading to see what's moving shares of AAPL, CNI, and APLS. AAPL Low...Read More

China's Zijin sees 2018 gold output at about 37 tonnes

October 18, 2018 / dlvr.it

, Oct 18 (Reuters) -Read full newsRead More

Key Claims Tossed In ?24M Gold Mine Insurance Dispute

October 18, 2018 / dlvr.it

A London judge on Wednesday narrowed the scope of a ?24 million ($32 million) insurance dispute over damage to a power plant at an enormous African gold mine, striking out two of the case's central claims.Read full newsRead More

Asanko Gold Announces q3 2018 Production Results for the Asanko Gold Mine

October 18, 2018 / dlvr.it

VANCOUVER, British Columbia, Oct.17, 2018(GLOBE NEWSWIRE) -- Asanko Gold Inc. ("Asanko" or the "Company") (TSX, NYSE American: AKG) announces production...Read full newsRead More

Slide at Gold Quarry suspends operations

October 18, 2018 / dlvr.it

CARLIN - A slide at the Gold Quarry open pit mine led Newmont Mining Corp. to suspend operations at the site earlier this month.Read full newsRead More

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