Recent News

Expanding Thunder Bay Area Farms

March 12, 2018 / news.ontario.ca

Ontario is helping Thunder Bay area farmers improve their agricultural land, diversify crops and expand their businesses.Bill Mauro, MPP for Thunder Bay-Atikokan, was in Thunder Bay today to announce funding through the Northern Ontario Heritage Fund Corporation (NOHFC) to install tile drainage on 1,390 acres of land and to undertake land clearing on 354 acres, a project led by the Thunder Bay Ag...Read More

Gold, Silver Lackluster As Investors Shun Safe-Havens

March 12, 2018 / www.kitco.com

(Kitco News)- Goldand silver prices were ending the U.S. day session modestly weaker Monday. Keenerrisk appetite in the world marketplace at present is keeping the buyers of thesafe-metals squelched. A weaker U.S. dollar index today did allow gold andsilver to move off of their daily lows that were scored in early dealings. AprilComex gold futures were last down $3.90 an ounce at $1,320.20. May Co...Read More

Gold, Silver Lackluster As Investors Shun Safe-Havens

March 12, 2018 / www.kitco.com

(Kitco News) - Gold and silver prices were ending the U.S. day session modestly weaker Monday. Keener risk appetite in the world marketplace at present is keeping the buyers of the safe-metals squelched. A weaker U.S. dollar index today did allow gold and silver to move off of their daily lows that were scored in early dealings. April Comex gold futures were last down $3.90 an ounce at $1,320.20....Read More

Polish JSW beats forecasts with 2017 profit, but suspends dividend

March 12, 2018 / www.mining.com

WARSAW, March 12 (Reuters) - JSW, the European Union's biggest coking coal producer, said on Monday its 2017 net profit jumped to 2.54 billion zlotys ($745.31 million) from 6.7 million zlotys a year earlier, driven by a 65 percent rise in the average coking coal price.Analysts polled by Reuters had expected state-run JSW to report a net profit of 2.41 billion zlotys for 2017 and 620 million zlotys...Read More

Philip Hammond's first-ever UK Spring Statement to show austerity still very much alive

March 12, 2018 / www.proactiveinvestors.co.uk

No real surprises are expected from the UK's first-ever Spring Statement, with the Budget now pushed back to the autumn, after the Chancellor of the Exchequer, Philip Hammond announced changes to the age-old economic tradition last November.As he trailed in interviews last weekend, Hammond is expected to keep austerity alive in the statement amid an uncertain UK economic outlook.The statement is,...Read More

Private equity firms brace for downturn

March 12, 2018 / www.kitco.com

LONDON (LPC) - Senior participants are warning that today's market could be as good as it gets, despite a robust global economic backdrop and buoyant mood in the private equity and leveraged loan markets.Comparisons to 2007's pre-crisis conditions are becoming more common and industry figures are debating whether today's robust conditions constitute a bubble, as purchase prices rise, jumbo buyouts...Read More

Canada's PM bids to reassure aluminum workers about U.S. tariffs

March 12, 2018 / www.kitco.com

MONTREAL (Reuters) - Canadian Prime Minister Justin Trudeau on Monday kicked off a tour of the nation's steel and aluminum regions to reassure workers worried that the United States could still introduce tariffs on the imports of the metals.Trudeau's first stop was the province of Quebec, the heart of Canada's aluminum industry, where he will be accompanied by Quebec Premier Philippe Couillard. He...Read More

Copper price: Hedge funds slash bullish bets to 16-month low

March 12, 2018 / www.mining.com

On Monday copper for delivery in May declined nearly 1% on the Comex market in New York at $3.1095 per pound or $6,855 a tonne amid a general weakness on commodity and financial markets gripped by uncertainty surrounding the Trump administration's trade policies and the strength of demand from China, the globe's number one metals consumer.That's a 2.4 billion pound or $7.6 billion decline from rec...Read More

Majority of NetScientific portfolio now at early commercial stage

March 12, 2018 / www.proactiveinvestors.co.uk

Francois Martelet, chief executive of NetScientific PLC (LON:NSCI), tells Proactive's Andrew Scott they're starting 2018 in a very strong position.''Out of our five companies, three of them are at an early commercial stage''.As far the broader strategic plan for 2018, he says the main focus is to continue helping the current portfolio to mature'We're also looking at having new investors and the se...Read More

Options Traders Bet On Record Highs For Facebook, Microsoft Stocks

March 12, 2018 / www.schaeffersresearch.com

Facebook Inc (NASDAQ:FB) was in the news recently, after inking an exclusive streaming partnership with Major League Baseball last week. Also making headlinesis Microsoft Corporation (NASDAQ:MSFT), in focus after Deutsche Bank raised its price target to $120 from $115. Meanwhile, options volume for both big-cap tech stocks has been hot in recent weeks.Both FB and MSFT stocks landed on Schaeffer's...Read More

These 5 #TSX-listed #mining stocks enjoyed the biggest share price gains last week:

March 12, 2018 / bit.ly

Last week's other top-performing resource stocks on the TSX were Nickel Creek Platinum, Alexco Resource, Sherritt International Mining and Red Eagle Mining.Read full newsRead More

Gold To Rally in H2 As U.S. Dollar Faces Structural Bear Market - ETF Securities

March 12, 2018 / www.kitco.com

(Kitco News)- The goldmarket could struggle to attract buyers in the near-term as markets focus onthe impending Federal Reserve interest rate hike next week, but one investmentfirm sees the potential for the yellow metal in the second half of the year asfocus turn to a lackluster U.S. dollar.In a recentinterview with Kitco News, Maxwell Gold, director of investment strategy andresearch at ETF Secu...Read More

Gold To Rally in H2 As U.S. Dollar Faces Structural Bear Market - ETF Securities

March 12, 2018 / www.kitco.com

(Kitco News) - The gold market could struggle to attract buyers in the near-term as markets focus on the impending Federal Reserve interest rate hike next week, but one investment firm sees the potential for the yellow metal in the second half of the year as focus turn to a lackluster U.S. dollar.In a recent interview with Kitco News, Maxwell Gold, director of investment strategy and research at E...Read More

Universal mCloud closes NGRAIN deal, ramping up capabilities

March 12, 2018 / www.proactiveinvestors.com

Universal mCloud (CVE: MCLD) CEO Russ McMeekin tells Proactive Investors it has now completed the purchase of NGRAIN, which uses artificial intelligence to assist in damage assessment in the insurance, aerospace, and defense industriesThe acquisition will now enable mCloud to go live in Q2 with NGRAIN's AI-powered damage assessment technology, deploying drones to inspect wind turbine blades for da...Read More

Dow, S&P Retreat; Nasdaq Headed for 7th Straight Win

March 12, 2018 / www.schaeffersresearch.com

Payrolls-related tailwinds helped boost the Dow Jones Industrial Average (DJI) to a triple-digit lead in early trading, but the lingering optimism toward last Friday's jobs data has since evaporated. At last check, Dow was down more than 100 points -- pressured by big drops for Boeing (BA) and Intel (INTC) -- while the S&P 500 Index (SPX) has also turned lower. Meanwhile, the Nasdaq Composite (IXI...Read More

Gold Moves Up From Daily Lows As U.S. Dollar, U.S. Stock Market Weaken

March 12, 2018 / www.kitco.com

(Kitco News)- Gold prices have recovered some of their early losses inlate-morning trading Monday. The yellow metal got a slight lift as the U.S.dollar index dropped to its session low and is trading modestly down on theday. Also, the U.S. stock indexes have backed way off their daily highs, whichis also supportive to the gold and silver markets. April gold was last down$4.90 at $1,319.10.By Jim W...Read More

Gold Moves Up From Daily Lows As U.S. Dollar, U.S. Stock Market Weaken

March 12, 2018 / www.kitco.com

(Kitco News) - Gold prices have recovered some of their early losses in late-morning trading Monday. The yellow metal got a slight lift as the U.S. dollar index dropped to its session low and is trading modestly down on the day. Also, the U.S. stock indexes have backed way off their daily highs, which is also supportive to the gold and silver markets. April gold was last down $4.90 at $1,319.10....Read More

Citron Short Call Dings Netflix Stock

March 12, 2018 / www.schaeffersresearch.com

Netflix, Inc. (NASDAQ:NFLX) hit a record high on Friday, but today the shares are trading 2.1% lower at $324.62, after Citron Research in a tweet said "the stock can be shorted back to $300. Content spend unsustainable long term." While this price target represents a nearly 8% pullback from current levels, NFLX was trading below $300 as recently as last Monday. Short interest on Netflix is actuall...Read More

Investors hunting cobalt deals approached Sherritt, CEO Says

March 12, 2018 / www.mining.com

(Bloomberg) - Sherritt International Corp. has been approached by investors seeking to buy a share of its cobalt production as a way of gaining exposure to the red-hot battery metal, the Canadian miner's chief executive officer said.Cobalt is rapidly becoming an investor darling as expectations of a shortage driven by the growth of electric vehicles have helped the price more than triple in 18 mo...Read More

Thor Mining to focus solely on its tungsten and copper projects

March 12, 2018 / www.proactiveinvestors.co.uk

Mick Billing, executive chairman at Thor Mining PLC (ASX:THR), (LON:THR) tells Proactive's Andrew Scott they've decided to focus solely on their tungsten and copper interests in Australia and the US - Pilot Mountain, Molyhil and Kapunda.Thor has around ?1.6mln of cash in the bank which he reckons will be enough working capital to carry out their planned activities into 2019.  Meet AusCann Gr...Read More

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