By Nicole MordantHOLLYWOOD, Fla., Feb 26 (Reuters) - Several parties are interested in buying Freeport-McMoRan Inc's cobalt project in the Democratic Republic of Congo but not at a price that would interest the miner and so it is not planning a sale, Freeport's chief executive officer said.As a result, Freeport is looking at other options for the asset, including possibly a joint venture to develo...Read More
By Nicole MordantHOLLYWOOD, Fla., Feb 26 (Reuters) - Several parties are interested in buying Freeport-McMoRan Inc's cobalt project in the Democratic Republic of Congo but not at a price that would interest the miner and so it is not planning a sale, Freeport's chief executive officer said.As a result, Freeport is looking at other options for the asset, including possibly a joint venture to develo...Read More
Analysts at Citigroup, in its latest note to clients, upped the forecasts for gold prices for this year, citing rising inflationary pressures and weaker US dollar among other key factors behind the upward revision. Key Points: 2018 gold forecast raised by 7% to $1,355/oz; while noting that their 6-12 months price target is $1,385, with risks skewed to the upside. "Higher inflation, solid hedg...Read More
The following is a reprint of the market commentary from the March 2018 edition of The Option Advisor, published on February 23. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.Ask the average trader to find the culprit behind the recent stomach-churning sell-offs in the stock market, and they're quite likely to...Read More
Shares in Condor Gold (LON:CNR) (TSX:COG) jumped more than 5% in London on Monday after the Nicaragua-focused miner submitted an amended Environmental and Social Impact Assessment (ESIA) for a processing plant at its India gold project, which eliminates the need to resettle about 1,100 people.The new evaluation, part of the company's application for an environmental permit, includes a redesigne...Read More
Shares in Condor Gold (LON:CNR) (TSX:COG) jumped more than 5% in London on Monday after the Nicaragua-focused miner submitted an amended Environmental and Social Impact Assessment (ESIA) for a processing plant at its India gold project, which eliminates the need to resettle about 1,100 people.The new evaluation, part of the company's application for an environmental permit, includes a redesigne...Read More
Shares in Condor Gold (LON:CNR) (TSX:COG) jumped more than 5% in London on Monday after the Nicaragua-focused miner submitted an amended Environmental and Social Impact Assessment (ESIA) for a processing plant at its India gold project, which eliminates the need to resettle about 1,100 people.The new evaluation, part of the company's application for an environmental permit, includes a redesigne...Read More
Stock futures are pointed comfortably higher this morning, after a strong close last Friday from the major indexes translated into weekly wins. The Dow Jones Industrial Average (DJI) is signaling a triple-digit gain, while S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also higher as bond yields continue to cool off. The Fed will stay in focus this week, with two central bankers tak...Read More
Semiconductor stocks last week found renewed strength thanks to major M&A buzz. One name in particular that remained hot was Dow component Intel Corporation (NASDAQ:INTC), with the shares rallying 4.2% on Friday alone. INTC stock is pointed another 0.9% higher this morning, following a bigprice-target hike. Analysts are hardly alone in their optimism, considering options traders have been upping t...Read More
HOLLYWOOD, Florida, Feb 26 (Reuters) - Several parties are interested in buying Freeport-McMoRan Inc's cobalt project in the Democratic Republic of Congo but the purchase price would not be very impactful for the miner, Freeport's chief executive said.As a result, it is looking at other options for the asset, including possibly a joint venture to develop the large cobalt project, CEO Richard Adker...Read More
Hecla Mining Co. (NYSE: HL) says it entered into an agreementwith Excellon Resources Inc. (TSX: EXN) in which sulphide ore from SanSebastian in Mexico would be trucked 26 miles to Excellon’s Miguel Auzaflotation mill facility for processing. Under the deal, Excellon will provide440 tons per day of milling capacity to Hecla, with the mill to eventually beupgraded to include a copper flotation...Read More
By Huw JonesLONDON, Feb 26 (Reuters) - The European Union stands ready to regulate crypto-currencies if risks from the sector are not tackled at the global level, the bloc's financial services chief said on Monday.A global investment craze over bitcoin and other virtual currencies in the last year has seen wild gyrations in their valuations, making fortunes for some investors while others have los...Read More
"... whereas the SPX was coming off long-term support from its 200-day moving average and the VIX was situated just below potential resistance from half its 2018 high and double last year's peak, these two indexes now come into this week nearer potential resistance and support, respectively."For instance, the SPX high last week was around the half-century mark of 2,750, which coincides with its 20...Read More
Coinsilium Group Limited's (NEX:COIN) Malcolm Palle and Eddy Travia update Proactive Investors on the latest with their advisory services as well as the progress they're making with the TerraStream platform.The NEX-listed company's recently teamed up with online education platform operator Tutellus Technologies SL to advise on the development of a blockchain-based platform in advance of its upcomi...Read More
LONDON, Feb 26 (Reuters) - Goldman Sachs-backed payments company Circle has acquired U.S. cryptocurrency exchange Poloniex, Circle said on Monday, in an effort to cement its position as one of the leading companies in the world of blockchain technology. "We're proud to announce that Circle has extended its commitment to a new vision for global finance by acquiring Poloniex, a leading token ex...Read More
David Archer, chief executive of Savannah Resources Plc (LON:SAV), tells Proactive a 200% increase in the resource at Mina do Barroso marks the project out as one of Europe's most promising lithium projects.Archer says the plan now is to push ahead with "second pass" metallurgical test work.A scoping study should be commissioned soon, which would then lead to a definitive feasibility study later t...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
The U.S. dollar continues to struggle as traders gear up forthe Federal Reserve Chair Jerome Powell’s testimony in front of Congress, whichwill begin on Tuesday, says Jameel Ahmad, global head of currency strategy& market research at FXTM. “The Dollar is under threat of losses onceagain, with the Greenback at the time of writing currently trending loweragainst all of its G10 counte...Read More
The U.S. dollar continues to struggle as traders gear up for the Federal Reserve Chair Jerome Powell’s testimony in front of Congress, which will begin on Tuesday, says Jameel Ahmad, global head of currency strategy & market research at FXTM. “The Dollar is under threat of losses once again, with the Greenback at the time of writing currently trending lower against all of its G10 c...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.Last w...Read More