• Fading safe-haven demand/rising US bond yields prompts some profit-taking. • Persistent USD selling bias helps limit any immediate sharp corrective slide. Gold struggled for a firm direction and seesawed between tepid gains/minor losses, just below 5-week tops touched at the start of a new trading week. A combination of diverging forces faile...Read More
KATOWICE, Poland, March 26 (Reuters) - Poland's biggest mining firm, state-run PGG, expects its coal output to rise slightly this year from around 30 million tonnes in 2017, the company's Chief Executive Tomasz Rogala said on Monday."I think we will produce more than 30 million tonnes. This could be 30.6-30.7 million," Rogala told reporters.PGG, which accounts for about half of the amount of therm...Read More
LONDON (Reuters) - Britain and the European Union are looking at whether interim taxation is needed to ensure digital firms are paying the right amount of tax, Prime Minister Theresa May said on Monday.Britain's Prime Minister Theresa May leaves 10 Downing Street in Westminster, London, Britain, March 26, 2018. REUTERS/Hannah McKay"We believe that the best result is an international result, but it...Read More
Citron Research thinks SHOP should trade at $100Shopify Inc (NYSE:SHOP) is plummeting today, last seen down 5.8% at $133.40, after Citron Research released a report detailing the company's reliance on Facebook data. Citron believes the stock should trade back down at $100, as it believes Facebook will soon begin restricting the data it relies on -- describing it as a "major Facebook problem" in a...Read More
The U.S. and China have reportedly started negotiationsThe Dow Jones Industrial Average (DJI) is soaring, as reports the U.S. and China have started tariff negotiations help ease fears of a global trade war that sent the stock market spiraling last week. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also solidly higher at midday, even as Facebook (FB) stock drops into bear-market territ...Read More
March 26 (Reuters) - BMO Global Asset Management, owned by Canada's Bank of Montreal, on Monday appointed Bart Kuijpers as managing director and head of its fiduciary management business, effective April.Kuijpers joins from International Pension Platform, a provider of pension fund-related services, which he founded in 2014 via a joint venture with Swiss Re and Credit Suisse. (Reporting by Nikhil...Read More
(Kitco News)- The gold market has taken onegiant leap in to the futures after Tradewind Inc. officially launched anew digital gold platform Monday.The new gold exchange has been inthe works for more than two years, with the company receiving support frommajor players in the gold industry, including Sprott Inc and Goldcorp Inc.The firm said that its newdigital exchange is “expected to revolut...Read More
(Kitco News) - The gold market has taken one giant leap in to the futures after Tradewind Inc. officially launched a new digital gold platform Monday.The new gold exchange has been in the works for more than two years, with the company receiving support from major players in the gold industry, including Sprott Inc and Goldcorp Inc.The firm said that its new digital exchange is “expected to r...Read More
LONDON (Reuters) - Twitter Inc is to ban most advertising of cryptocurrencies on its platform, joining Facebook and Google in a clampdown on the nascent industry, the company said in a statement.The San Francisco-based firm will this week launch a policy that prohibits advertising of initial coin offerings (ICOs), a form of crowdfunding used to raise cash by creating new coins, as well as adverts...Read More
Tips for Zinc Today – BUY Zinc 2 lot at CMP 207.90 for Small Target 208.90 – 209.50 with SL below price 206.80AFTER POST CONTENT Read More
WASHINGTON (Reuters) - The U.S. Federal Trade Commission said on Monday it is conducting an open investigation of Facebook Inc’s privacy practices following the disclosure that 50 million users’ data got into the hands of political consultancy Cambridge Analytica.Reuters and other media outlets reported last week the FTC is reviewing whether Facebook violated a 2011 consent decree it r...Read More
DAKAR, March 26 (Reuters) - Democratic Republic of Congo's 2017 mining sector revenue rose 35.6 percent to $822.2 million while revenue from the oil and gas sector jumped by 103 percent to $203.9 million, finance ministry data showed.Mining revenue in the fourth quarter more than doubled helped by higher prices for key exports such as copper and cobalt, data in a quarterly report seen by Reuters o...Read More
LONDON (Reuters) - Crude oil futures slipped on Monday, but a rebound in stock markets and escalating Saudi-Iran tensions capped losses.Global stocks came off six-week lows on optimism that the United States and China are set to begin trade talks, easing fears about a trade war between the world’s two largest economies.The possibility of a full-blown trade war had weighed on the energy compl...Read More
LONDON/WASHINGTON (Reuters) - The United States said on Monday it would expel 60 Russian diplomats, joining governments across Europe in taking action against the Kremlin for a nerve agent attack on a former Russian spy in Britain that they have blamed on Moscow.It was the toughest action that U.S. President Donald Trump had taken against Russia since coming to office.British Foreign Secretary Bor...Read More
Advanced Micro Devices is sitting out today's chip stock surgeChip stocks sold off late last week on concerns over a possible trade war with China, and after Citigroup downgraded Micron (MU) on concerns over falling NAND prices. The sector is on the mend today, though, with Beijing reportedly willing to ramp up its purchase of U.S. semiconductors -- sending the VanEck Vectors Semiconductor ETF (SM...Read More
Facebook's p/e ratio is the lowest it's ever beenFacebook Inc (NASDAQ:FB) stock got crushed last week, but Canaccord Genuity is saying this pullback is a buying opportunity. The brokerage firm reiterated its "buy" rating and $240 price target, saying it doesn't believe advertisers will shun the platform in a meaningful way. However, this preceded news that Pep Boys is temporarily pulling its ads f...Read More
Canada's Lundin Gold (TSX:LUG) has closed a $400-million financing that will help it complete the construction of its flagship Fruta del Norte gold project in Ecuador, expected to begin production in late 2019.The Vancouver-based company, which last month secured a $250-million investment from Newcrest Mining, which is part of the total announced today, said the Australian miner now owned 27.1%...Read More
Canada's Lundin Gold (TSX:LUG) has closed a $400-million financing that will help it complete the construction of its flagship Fruta del Norte gold project in Ecuador, expected to begin production in late 2019.The Vancouver-based company, which last month secured a $250-million investment from Newcrest Mining, which is part of the total announced today, said the Australian miner now owned 27.1%...Read More
Canada's Lundin Gold (TSX:LUG) has closed a $400-million financing that will help it complete the construction of its flagship Fruta del Norte gold project in Ecuador, expected to begin production in late 2019.The Vancouver-based company, which last month secured a $250-million investment from Newcrest Mining, which is part of the total announced today, said the Australian miner now owned 27.1%...Read More
Traders should watch the chart pattern taking shape for VXXThe following is a reprint of the market commentary from the April 2018 edition of The Option Advisor, published on March 23. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.We haven't quite put a full calendar quarter in the books yet for 2018, but it's...Read More