Recent News

Stocks Wrap Up Best Week in Years

February 16, 2018 / www.schaeffersresearch.com

The Dow was up over 230 points at its session high, as traders cheered Coca-Cola earnings and upbeat housing data. However, the major market indexes lost some steam in afternoon trading -- and the Nasdaq turned lower -- following the U.S. indictment of several Russian nationals and entities for interfering with the 2016 presidential election. Nevertheless, the Dow and S&P extended their winning st...Read More

Mining sector unloved as investors find it hard to trust

February 16, 2018 / reut.rs

Investors are shunning the mining sector, data from Thomson Reuters shows, as they struggle to forget the string of multi-billion dollar takeovers and expensive development projects that left them empty handed.Read full newsRead More

Gold almost flat on a recovery in US dollar, but inflation concerns persist

February 16, 2018 / www.fxstreet.com

Gold is almost flat on some recovery in the USD. Looking ahead, the concern of higher inflation may help Gold. Gold is now trading around $1357 in the New York session, edging up by almost 0.15% on some recovery in the USD. However,  the concern of higher US inflation or rather reflation may also be supporting the yellow metal as traditionally; Gold is seen as inflation hedged physical...Read More

CANADA STOCKS-TSX ends higher as energy shares offset gold weakness

February 16, 2018 / www.kitco.com

Feb 16 (Reuters) - Canada's main stock index ended modestly higher on Friday as a boost from the heavyweight energy sector was tempered by a decline in gold and natural resource companies, as well as cannabis producers.* The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 44.98 points, or 0.29 percent, at 15,452.64. (Reporting by Leah Schnurr; Editing by James Dalgleish...Read More

FOREX-Dollar set for another weekly loss, euro at three-year high

February 16, 2018 / www.kitco.com

* Dollar posts fifth weekly loss out of seven weeks* Euro hits highest level since 2014 (Adds comment and updates prices)By Kate DuguidNEW YORK, Feb 16 (Reuters) - The dollar limped back from a three-year low against a basket of currencies on Friday but still marked its fifth weekly loss out of seven weeks this year, driving the euro up to its highest level since December 2014. The U.S. currency h...Read More

UPDATE 1-U.S. seeks to boost output of 35 minerals, reduce import reliance

February 16, 2018 / www.kitco.com

(Adds comments from Canadian potash producer Nutrien, Aluminum Association of Canada, Rio Tinto aluminum CEO, paragraphs 6-8, 12, 13)By Valerie Volcovici and Susan TaylorWASHINGTON/TORONTO, Feb 16 (Reuters) - The United States should boost domestic production of 35 critical minerals including uranium, cobalt and lithium, to reduce its reliance on foreign suppliers, the Interior Department said on...Read More

Mining Sector Comes Down With Olympic Fever

February 16, 2018 / www.kitco.com

(Kitco News)- As the Winter Games heats up, even the mining sector hascaught Olympic fever as one firm is doing what it can to promote women’shockey.Image coutesy of Hockey Canada: third from the left Marie-Philip Poulin, capital of Team Canada is being sponsored by Canadian mining financing firm Red Cloud Klondike Strike. From Left to right; Meghan Agosta, Brianne Jenner and Jocelyne Larocq...Read More

TREASURIES-Prices gain after selloff, track foreign bonds

February 16, 2018 / www.kitco.com

(New throughout, updates prices, market activity, comments and table)By Gertrude Chavez-DreyfussNEW YORK, Feb 16 (Reuters) - U.S. Treasury prices edged higher on Friday, as investors bought back bonds after a selloff earlier in the week spurred by robust U.S. inflation data that fed the view that the Federal Reserve may hike interest rates more aggressively than expected.U.S. benchmark 10-year yie...Read More

Speculators trim bearish dollar bets to six-week low - CFTC, Reuters

February 16, 2018 / www.kitco.com

NEW YORK, Feb 16 (Reuters) - Speculators' net short dollar bets shrank to a six-week low, in the latest week, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.The value of the net short dollar positions, derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and Canadian and Australia...Read More

Gold ends higher, logs biggest weekly gain since 2016

February 16, 2018 / www.marketwatch.com

Gold futures settled slightly higher, registering its sharpest weekly gain in more than a year, as the dollar extended a monthslong slump. April goldGCJ8, -0.44% added 90 cents, or less than 0.1%, to $1,356.30 an ounce, marking its highest level in nearly three weeks. Gold booked a gain of 3% for the week, representing its biggest weekly rise since April 29, 2016, according to WSJ Market Group Dat...Read More

Gold ends higher, logs biggest weekly gain since 2016

February 16, 2018 / www.marketwatch.com

Gold futures settled slightly higher, registering its sharpest weekly gain in more than a year, as the dollar extended a monthslong slump. April goldGCJ8, -0.26% added 90 cents, or less than 0.1%, to $1,356.30 an ounce, marking its highest level in nearly three weeks. Gold booked a gain of 3% for the week, representing its biggest weekly rise since April 29, 2016, according to WSJ Market Group Dat...Read More

Market Volatility Bulletin: Equity Bulls Take Home The Gold This Week

February 16, 2018 / seekingalpha.com

US Stocks look to wrap up a strong week while VIX has been taken down a peg.A reminder that volatility is symmetrical: big upside moves do not mean that vol is dead from a rote mechanical point of view.The term structure is flat, and various measures of volatility are working their way lower.Market Intro CNBC: 2:45 EST US stocks (SPY, DIA, QQQ, IWM) had a strong morning session, but gave back the...Read More

Dollar's Tide Goes Out As Gold's Comes Back In

February 16, 2018 / seekingalpha.com

Dollar continues its losing ways, paving the way for higher gold prices.Yen rally also continues apace, which bodes well for gold's outlook.Gold's relative strength needs improvement, however.The last two weeks were real nail-biters for gold investors as the U.S. dollar threatened to reverse its downward trend while equity markets plunged. In recent days, however, the dollar's relief rally...Read More

UPDATE 1-Fed sanctions former Barclays trader for alleged abuse

February 16, 2018 / www.kitco.com

(Updates to say Little was not immediately available for comment)WASHINGTON, Feb 16 (Reuters) - The Federal Reserve on Friday said it was seeking to permanently bar a former Barclays Bank employee from the banking business for allegedly manipulating foreign exchange trades.The Fed sought to bar Peter Little from the industry and fine him $487,500 for allegedly using chatrooms to wrongly coordinat...Read More

US seeks to boost output of 35 minerals, reduce import reliance

February 16, 2018 / www.mining.com

WASHINGTON/TORONTO, Feb 16 (Reuters) - The United States should boost domestic production of 35 critical minerals including uranium, cobalt and lithium, to reduce its reliance on foreign suppliers, the Interior Department said on Friday.Aluminum and potash are also on the draft list of 35 critical materials used in basic manufacturing, batteries and electronics. It was the department's first step...Read More

US seeks to boost output of 35 minerals, reduce import reliance

February 16, 2018 / www.mining.com

WASHINGTON/TORONTO, Feb 16 (Reuters) - The United States should boost domestic production of 35 critical minerals including uranium, cobalt and lithium, to reduce its reliance on foreign suppliers, the Interior Department said on Friday.Aluminum and potash are also on the draft list of 35 critical materials used in basic manufacturing, batteries and electronics. It was the department's first step...Read More

As mining investors push caution, Glencore differs from rivals

February 16, 2018 / reut.rs

As shareholders push the world's cash-rich miners to maintain lush dividends and make the most of existing assets, Glencore is taking a slightly different tactic that positions it for shrewd acquisitions.Read full newsRead More

Fed sanctions former Barclays trader for alleged abuse

February 16, 2018 / www.kitco.com

WASHINGTON, Feb 16 (Reuters) - The Federal Reserve on Friday said it was seeking to permanently bar a former Barclays Bank employee from the banking business for allegedly manipulating foreign exchange trades.The Fed sought to bar Peter Little from the industry and fine him $487,500 for allegedly using chatrooms to wrongly coordinate trades.The action follows a Fed action in May 2015 when official...Read More

Elektron Technology shares rise as it sells Queensgate Nano to Prior Scientific

February 16, 2018 / www.proactiveinvestors.co.uk

Elektron Technology plc (LON:EKT) said it has completed the sale of subsidiary Queensgate Nano to Prior Scientific Instruments Ltd in a deal worth up to ?1.6mln, sending its shares higher.The speciality device maker will receive an initial cash consideration of ?800,000 and will be entitled to 50% of product sales revenue above ?900,000 in the 12 months after completion of the deal. T...Read More

Andy Yan, the analyst who exposed Vancouver's real estate disaster

February 16, 2018 / www.macleans.ca

Hated by politicians, speculators and money-launderers, Andy Yan's data on Vancouver housing has earned him the right to say, 'I told you so'Read full newsRead More

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