Recent News

With risky bets back in play, stock selloff revives 'Volmageddon' memories

October 12, 2018 / www.kitco.com

NEW YORK (Reuters) - Months after he lost millions when an esoteric corner of financial markets cratered in February, former Target Corp store manager Seth Golden is betting against volatility again.Golden, who says wagers on market calm earned him millions in the past six years, is among the investors who have kept trading complex financial products linked to the Cboe Volatility Index .VIX - Wall...Read More

AREV Brands International Announces Mike Withrow as CEO -- #AREV #ArevInternationalBrands $AREV $AREV.CA #ACMPR...

October 12, 2018 / twitter.com

"AREV Brands International Announces Mike Withrow as CEO -- #AREV #ArevInternationalBrands $AREV $AREV.CA #ACMPR #SmallCaps #MarijuanaStocks #CSE #BNN #MarijuanaStocks #Potstocks #hemp #CBD #smallcap #cannabis #THC Read the News Release here: https://t.co/zMif6gF9wF"Read full newsRead More

Friday Bounce Can't Save Stocks from Weekly Losses

October 12, 2018 / www.schaeffersresearch.com

The SPX strung together its worst losing streak since November 2016Wall Street took a big hit this week as concern over rising interest rates -- a subject President Donald Trump was quick to weigh in on -- sent traders heading toward the exit en masse. The major benchmarks plunged below key technical levels, with the Dow tallying a two-day loss of 1,377 points between Wednesday and Thursday, the S...Read More

Donlin gold mine needs to move a mountain. How close is that to happening?

October 12, 2018 / dlvr.it

There isn't much at the proposed mine site right now: just a long airstrip, with clusters of sturdy buildings in the middle of green mountains close to the Middle Kuskokwim River. But if completed, the Donlin gold mine would be one of the biggest in the world. Listen nowRead full newsRead More

Facebook says attackers stole details from 29 million users

October 12, 2018 / www.kitco.com

(Reuters) - Facebook Inc (FB.O) said on Friday it had confirmed that the attackers in the mass security breach it announced late last month accessed the accounts of about 30 million people in total and stole name and contact details for 29 million.Facebook Inc said in late September that hackers stole digital login codes allowing them to take over nearly 50 million user accounts in its worst secur...Read More

New communication sector's shine could soon wear off

October 12, 2018 / www.kitco.com

NEW YORK (Reuters) - The mash-up of old and new media may not be a winning combination for the new S&P communication services sector .SPLRCL as its highest fliers face regulatory threats and challenges to user growth.The reconstituted sector, which debuted at the end of September, includes telecom, internet, media and entertainment companies such as AT&T Inc (T.N), Walt Disney Co (DIS.N) a...Read More

Bank of America Call Options Hot Before Earnings

October 12, 2018 / www.schaeffersresearch.com

BAC is on pace for its worst week since MarchBank of America Corp (NYSE:BAC) stock is trading flat this afternoon, last seenat $28.40. Amid today's focus on big banking earnings, traders are more than likely gearing up for Bank of America's upcoming third-quarter earnings report, which is slated to hit the Street before the market opens on Monday, Oct. 15. Below we will take a look at how BAC has...Read More

BTU Mobilizes Crews to Dixie Halo Property Contiguous to Great Bear's Dixie Project, Red Lake District, Canada...

October 12, 2018 / twitter.com

"BTU Mobilizes Crews to Dixie Halo Property Contiguous to Great Bear's Dixie Project, Red Lake District, Canada @BTUMetalsCorp https://t.co/6J8nB47BM3"Read full newsRead More

Dollar rises on stock rebound, upbeat Chinese data

October 12, 2018 / www.kitco.com

NEW YORK (Reuters) - The dollar climbed on Friday against a basket of currencies as global equity prices rebounded from a six-day rout and robust Chinese export figures soothed some worries about the world’s second-biggest economy and its trade war with Washington.Euro and sterling snapped their three-day winning streak in advance of next week’s European Union summit where Britain and...Read More

U.S. extends deadlines for sanctioned Russian firms EN+, Rusal

October 12, 2018 / www.kitco.com

WASHINGTON (Reuters) - The United States on Friday said it was granting investors another month to divest their holdings of sanctioned Russian companies EN+ <ENPLq.L > and Rusal and was giving the firms more time to address their business operations.The U.S. Treasury Department in April imposed sanctions against billionaire Oleg Deripaska and eight companies in which he is a large shareholde...Read More

Stock Market Stabilizes as Tech Shares Surge

October 12, 2018 / www.schaeffersresearch.com

All three benchmarks are still heading for their worst week since MarchThe U.S. stock market is stabilizing, with the Dow Jones Industrial Average (DJI) up triple digits and the S&P 500 Index (SPX) set to snap its six-day skid. The Nasdaq Composite (IXIC) is higher, too, as FAANG stocks rally. Today's upside comes after two days of sharp selling, with traders also watching the start of earnings...Read More

New York Fed leaves U.S. third-quarter, fourth-quarter GDP view little changed

October 12, 2018 / www.kitco.com

NEW YORK (Reuters) - U.S. gross domestic product is expanding at a 2.25 percent clip in the third quarter compared with a 2.27 percent pace calculated a week ago following this week's inflation data, the New York Federal Reserve's Nowcast model showed on Friday.It projected GDP in the fourth quarter is growing at a 2.77 percent rate versus a 2.80 percent pace estimated the week before.Reporting by...Read More

Texas U.S. Senate candidate O'Rourke says raises record $38.1 million

October 12, 2018 / www.kitco.com

SAN ANTONIO, Texas (Reuters) - Democratic U.S. Representative Beto O’Rourke said he raised $38.1 million in the final full fiscal quarter before the Nov. 6 elections in his campaign to unseat Republican U.S. Senator Ted Cruz, a record for any U.S. Senate race.It was more than three times the $12 million that Cruz told supporters last week he had raised in the quarter, which ended Sept 30. O&...Read More

World markets stress indicators still relatively calm

October 12, 2018 / www.kitco.com

LONDON (Reuters) - World stock markets suffered their worst tumble this week since February’s violent shakeout with some $2.6 trillion of investor wealth lost, but there was no clear trigger apart from long-brewing worries on U.S. interest rates, trade wars, China and emerging markets.Whatever the precise cause of this week’s reversal, many investors are now wondering whether the confl...Read More

Wall St., Main St. Look For Gold To Retain Luster

October 12, 2018 / www.kitco.com

(Kitco News)- WallStreet and Main Street both look for gold’s newfound upward momentum tocontinue next week, based on the Kitco News gold survey.Equitiessold off sharply Wednesday and Thursday. Even though the stock market was upFriday morning, the prior weakness left gold higher for the week as investorsturned to the metal as a safe haven. The dollar index also eased this week,further fueli...Read More

Gold Cleared Its First Hurdle But The Race Is Still Running - Saxo Bank

October 12, 2018 / www.kitco.com

(Kitco News)- The gold investors are breathing a much-needed sigh of reliefafter the precious metal pushed to a 10-week high, seeing its best gains in twoyears, but more work needs to be done, according to one commodity analyst.In a report Friday, Ole Hansen, head of commodity strategy atSaxo Bank, said that after Thursday’s rally, which saw prices rise more than$29 on the day, he is now bul...Read More

Wall St., Main St. Look For Gold To Retain Luster

October 12, 2018 / www.kitco.com

(Kitco News) - Wall Street and Main Street both look for gold’s newfound upward momentum to continue next week, based on the Kitco News gold survey.Equities sold off sharply Wednesday and Thursday. Even though the stock market was up Friday morning, the prior weakness left gold higher for the week as investors turned to the metal as a safe haven. The dollar index also eased this week, furthe...Read More

Gold Cleared Its First Hurdle But The Race Is Still Running - Saxo Bank

October 12, 2018 / www.kitco.com

(Kitco News) - The gold investors are breathing a much-needed sigh of relief after the precious metal pushed to a 10-week high, seeing its best gains in two years, but more work needs to be done, according to one commodity analyst.In a report Friday, Ole Hansen, head of commodity strategy at Saxo Bank, said that after Thursday’s rally, which saw prices rise more than $29 on the day, he is no...Read More

Access the #1 Marijuana IPO of 2018

October 12, 2018 / www.schaeffersresearch.com

Get ready for an influx of pot stock profits.On October 17th, marijuana will be 100% legal in Canada.That's sparking a new wave of IPOs. And shares could surge 501% - 1,364% in the coming weeks - just like the recent weed stock IPOs.One investor's research has uncovered a secret way to access red hot IPO shares.Click here right now for details on this urgent trading situation.Canada is the first c...Read More

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