Recent News

Copper smelter hits cause physical squeeze in Asia

October 16, 2018 / www.mining.com

The copper market is currently experiencing a squeeze on physical metal which is unexpected.The London Metal Exchange (LME) price is treading water just above the $6,000 level, struggling to fend off bearish macro funds.Mine supply is doing just fine with a conspicuous absence of disruption this year.Yet, all the tell-tale signs of physical market tightness are there.Global exchange stocks have be...Read More

Venzee Launches New Pay-Per-SKU Submission for SMB's Across the Digital Supply Chain

October 16, 2018 / kincommunications.com

Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee"), is pleased announce it has introduced a pay-per SKU submission based revenue model providing Small and Medium Sized Businesses ("SMB's) with more flexible pricing solutions for its entry-level product content distribution productsAs retailers work to expand product selection with "drop ship", "endless aisle"...Read More

U.S. Fed says terminates 2013 enforcement action against RBS group for sanctions lapses

October 16, 2018 / www.kitco.com

WASHINGTON (Reuters) - The U.S. Federal Reserve said on Tuesday that it terminated a 2013 enforcement action against Royal Bank of Scotland Group (RBS.L) for sanctions lapses in its foreign operations.Between 2005 and 2009, the bank processed around $34 million in wire transfers that violated sanctions against Sudan, Iran, Cuba and Myanmar, the Treasury Department said in December 2013.The Fed sai...Read More

Siyata Mobile Receives Multiple Purchase Orders Valued at Over $1.3 Million

October 16, 2018 / kincommunications.com

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata"), is pleased to announce the Company has received multiple purchase orders from leading industry specialists totalling CAD $1.3M, which shows continued significant demand for the Company's devices.The purchase orders have been received for Siyata's various 4G devices using Push-to-Talk Over Cellular...Read More

METALS-Copper slips as trade tensions, rising U.S. rates weigh

October 16, 2018 / www.kitco.com

* China stocks end lower on lean factory gate inflation * GRAPHIC-2018 asset returns: (Adds closing prices)By Maytaal AngelLONDON, Oct 16 (Reuters) - Copper prices slid on Tuesdayamid lean factory-gate inflation data in China and naggingconcerns about global growth, trade tensions and rising U.S.interest rates.Chinese stocks fell overnight after data showed factory-gateinflation in the world's top...Read More

Oil steady as growth in U.S. supplies faces lower Iran exports

October 16, 2018 / www.kitco.com

NEW YORK (Reuters) - Oil prices were little changed on Tuesday as concerns about tightening global supplies ahead of U.S. sanctions on Iran faced higher U.S. shale production and inventories.The disappearance of a Saudi Arabian journalist Jamal Khashoggi in Turkey has also strained U.S.-Saudi ties and provoked international outcry and fears that supplies from the world’s top crude exporter m...Read More

Algold Reports More High-Grade Drill Results at Tijirit @AlgoldResources

October 16, 2018 / bit.ly

Algold Resources Ltd. (TSXV:ALG) ("Algold" or the "Corporation") today announced a new series of assay results from drilling carried out in July and August 2018 on the priority targets of Salma Vein System ("SVS"), Eleonore and Sophie located within the Corporation's Tijirit Project in Mauritania. Read full newsRead More

Orsu Metals Hits High Grade Gold and Silver Shoots in the West of Zone 23, Sergeevskoe Gold Project, Russia...

October 16, 2018 / twitter.com

"Orsu Metals Hits High Grade Gold and Silver Shoots in the West of Zone 23, Sergeevskoe Gold Project, Russia https://t.co/eYvX73KyRt #OrsuMetals $OSU #mining #Russia"Read full newsRead More

Italy talks up its expansionary budget as clash with EU looms

October 16, 2018 / www.kitco.com

ROME (Reuters) - Italian Prime Minister Giuseppe Conte said on Tuesday he was proud of his government’s freshly approved expansionary budget while the European Commission warned it may run into opposition from euro zone partners.Italy’s governing coalition of the right-wing League party and anti-establishment 5-Star Movement vow not to backtrack, saying their big-spending plan is neede...Read More

Walmart warns investors it will 'test a lot and fail a lot;' cuts profit forecast

October 16, 2018 / www.kitco.com

(Reuters) - Walmart Inc’s (WMT.N) chief executive officer on Tuesday urged investors to rethink the company’s business, touting its various tech investments to grow online sales at a time it is battling Amazon.com (AMZN.O) for market share.The retailer also lowered its earnings forecast for the year and said its e-commerce growth next year would be slower than in the current fiscal yea...Read More

Stocks Sprint Higher on Big-Cap Earnings, Jobs Data

October 16, 2018 / www.schaeffersresearch.com

Dow stocks Goldman Sachs and UnitedHealth are both higher after earningsThe Dow Jones Industrial Average (DJI) is up more than 350 points, on track for its best day in two months, thanks to some strong earnings reports from blue-chips Goldman Sachs (GS) and UnitedHealth (UNH). The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are sporting impressive gains, too, powered by a bouncing tech sector...Read More

Second activist targets Detour; seeks board changes

October 16, 2018 / www.mining.com

U.S. hedge fund Livermore Partners is calling for an overhaul of the board at Detour Gold Corp and a strategic review, becoming the second activist to target the Canadian mining company.Livermore, which has engaged in other activist campaigns including at Canadian and UK media firm Entertainment One Ltd , sent a letter to Detour on Tuesday, saying the board has failed its shareholders on "numerous...Read More

Second activist targets Detour; seeks board changes

October 16, 2018 / www.mining.com

U.S. hedge fund Livermore Partners is calling for an overhaul of the board at Detour Gold Corp and a strategic review, becoming the second activist to target the Canadian mining company.Livermore, which has engaged in other activist campaigns including at Canadian and UK media firm Entertainment One Ltd , sent a letter to Detour on Tuesday, saying the board has failed its shareholders on "numerous...Read More

White Gold Corp. Intersects 3.76 g/t Gold over 66.2m Successfully Extending the Golden Saddle Deposit at Depth and...

October 16, 2018 / twitter.com

"White Gold Corp. Intersects 3.76 g/t Gold over 66.2m Successfully Extending the Golden Saddle Deposit at Depth and Also Discovers New Mineralized ZoneRead full newsRead More

Tough markets hit BlackRock results; shares slump 4 percent

October 16, 2018 / www.kitco.com

(Reuters) - BlackRock Inc’s (BLK.N) quarterly revenue fell short of Wall Street’s expectations on Tuesday as the world’s biggest asset manager reported its lowest sales of equity, bond and other long-term investments since the second quarter of 2016.Investors pulled money from BlackRock’s institutional stock index funds, while putting more into ostensibly lower-risk bond fu...Read More

Barrick Gold: Sell The Rally?

October 16, 2018 / seekingalpha.com

Barrick Gold has rallied 37% off of its lows in the past month.While 2019 earnings estimates are an improvement from 2018 levels, they are still below 2017 levels.The stock likely needs a pullback and higher low to allow its moving averages to play catch-up before moving higher.Barrick Gold (ABX) has seen a powerful move off of the lows since September, which has accelerated after its acquisition...Read More

Anglo American delays Minas Rio ramp-up

October 16, 2018 / www.mining.com

Anglo American (LON:AAL) plans to resume production at its massive Minas Rio iron ore mine in Brazil before year-end, but said a planned ramp-up to 26.5 million tonnes per year is likely to be pushed back to 2021 from 2020.The company halted production at the mine, its biggest development project, after two leaks in March affected a pipeline that carries the ore to port in Rio de Janeiro state for...Read More

Wells Fargo to shift European investment banking business to Paris as Brexit looms

October 16, 2018 / www.kitco.com

(Reuters) - Wells Fargo & Co (WFC.N) said on Tuesday it had applied for an investment firm license in France as part of a Brexit strategy to shift some of its servicing of European mainland customers out of London.The San Francisco-based bank, whose purchase of a high-profile location near the Bank of England two years ago was seen as a vote of confidence in the Brexit process, said it would c...Read More

U.S. job openings hit record high of 7.14 million

October 16, 2018 / www.kitco.com

WASHINGTON (Reuters) - U.S. job openings jumped to a record high in August, far outpacing a rise in hiring, suggesting that companies could be increasingly having difficulties finding qualified workers.The Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS, report on Tuesday that there were 7.14 million unfilled positions in the economy in August. That was the hi...Read More

Merkel says Brexit talks are like 'squaring the circle': sources

October 16, 2018 / www.kitco.com

BERLIN (Reuters) - German Chancellor Angela Merkel said that efforts to negotiate a deal on Britain’s withdrawal from the European Union were like “squaring the circle”, two people familiar with the matter told Reuters.She made the comment in a meeting of the parliamentary group of her Christian Democrat party on Tuesday, they said.She said it was clear that controls on the borde...Read More

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