Recent News

Betting company Fortuna to delist from Prague, Warsaw stock exchanges

February 16, 2018 / www.kitco.com

PRAGUE, Feb 16 (Reuters) - Betting firm Fortuna Entertainment Group will delist its shares from the Prague and Warsaw stock exchanges, it said on Friday."(An) extraordinary General Meeting of shareholders of Fortuna Entertainment Group held on 15 February 2018 in Amsterdam adopted a proposal to delist the company," Fortuna said in a regulatory filing.In January, Fortuna's majority shareh...Read More

Home Depot Stock Call Volume Spikes Ahead of Earnings

February 16, 2018 / www.schaeffersresearch.com

Home Depot Inc (NYSE:HD) is one of the headliners on next week's earnings calendar, with the home improvement retailer set to report alongside fellow blue chip Walmart (WMT) ahead of the open next Tuesday, Feb. 20. With the stock market closed on Monday for Presidents Day, options traders are blasting HD stock today -- and calls continue to be the contracts of choice.At last check, roughly 25,000...Read More

Velocity Reports AGM Results

February 16, 2018 / bit.ly

Velocity Minerals Ltd. (TSXV:VLC) reports the results of its annual general meeting of shareholders held on February 15, 2018 in Vancouver, British Columbia.All the motions presented to the shareholders were approved.Read full newsRead More

PRECIOUS-Gold prices slip but still head for weekly rise

February 16, 2018 / www.kitco.com

* Gold heads for 2.4 pct weekly rise* Gains more muted in euro and sterling-priced gold* GRAPHIC-2018 asset returns: (New throughout, updates prices, market activity and comments; adds second byline, NEW YORK dateline)By Renita D. Young and Jan HarveyNEW YORK/LONDON, Feb 16 (Reuters) - Gold prices dipped on Friday, but still hovered near a three-week high, as the U.S. dollar index bounced from a t...Read More

REFILE-US STOCKS-Wall St pares gains after U.S. indicts Russian nationals, entities

February 16, 2018 / www.kitco.com

(Corrects first paragraph to "rebound" from "pullback")* Indexes up: Dow 0.31 pct, S&P 0.38 pct, Nasdaq 0.22 pct* Jan homebuilding data jumps to more than 1-year high* S&P, Nasdaq set for best week since December 2011 By Sruthi ShankarFeb 16 (Reuters) - U.S. stocks rose for a sixth straight session on Friday, putting the S&P 500 and the Nasdaq on course for their...Read More

U.S. seeks to boost output of 35 minerals, to reduce reliance on imports

February 16, 2018 / www.kitco.com

By Valerie VolcoviciWASHINGTON, 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 Interior's draft list of 35 critical materials used in basic manufacturing, batteries and electronics. It was the depar...Read More

8 Beginner’s Guide Tips to Safely Buying ‘Penny Cryptocurrencies’

February 16, 2018 / investorplace.com

Bitcoin prices are the worst nightmare for blockchain critics. After breaking the previously unimaginable $10,000 level, bitcoin plummeted from profit-taking. But soon after, trading normalized, sending bitcoin well above $11,000. However, this robust success represents a quandary: interest for lower-priced “penny cryptocurrencies” has never been higher, yet relatively few know where t...Read More

VIX Sinks as Stocks Stage Best Comeback in Years

February 16, 2018 / www.schaeffersresearch.com

On the heels of its worst week in years -- and a brutal start for new Fed Chair Jerome Powell -- the U.S. stock market bounced back, and flashed a rare signal not seen since 2001. As of this writing, the Dow was on track for its best week since the "Trump rally" kicked off in November 2016, while the S&P 500 Index (SPX) and Nasdaq are pacing for their strongest weeks since December 2011. The ben...Read More

Venezuela cryptocurrency to draw investment from Turkey, Qatar- official

February 16, 2018 / www.kitco.com

CARACAS, Feb 16 (Reuters) - Venezuela's new "petro" cryptocurrency will attract investment from Turkey, Qatar, the United States and Europe, the country's cryptocurrency regulator, Carlos Vargas, told reporters on Friday. The first sale of petros is scheduled for Tuesday. (Reporting by Vivian Sequera; writing by Brian Ellsworth; editing by Jonathan Oatis) Disclaimer: The views expressed...Read More

UPDATE 3-Kraft Heinz sees hit from rising competition, supply constraints

February 16, 2018 / www.kitco.com

(Adds details from conference call, background, updates share price)By Vibhuti SharmaFeb 16 (Reuters) - Tater Tots-maker Kraft Heinz Co's muted quarterly results echoed those of rival Campbell Soup Co as more Americans opted for healthier meals, a trend that has pressured shares of processed food makers for several quarters now.Kraft Heinz, owner of brands such as Velveeta cheese and Heinz ketchu...Read More

US dollar bull and bear markets

February 16, 2018 / www.mining.com

The idea of endlessly repeated cycles is a very old one. This is how the ancients perceived time: not as linear sequence of events, but as replaying patterns of dark and golden ages. Although the Judeo-Christian culture changed the way we view time, we like to see the market as an area of constant struggle between bulls and bears, and the resulting upward and downward trends.Since the end of the B...Read More

US dollar bull and bear markets

February 16, 2018 / www.mining.com

The idea of endlessly repeated cycles is a very old one. This is how the ancients perceived time: not as linear sequence of events, but as replaying patterns of dark and golden ages. Although the Judeo-Christian culture changed the way we view time, we like to see the market as an area of constant struggle between bulls and bears, and the resulting upward and downward trends.Since the end of the B...Read More

Victoria Oil & Gas confident of positive outcome to ENEO issue

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

Ahmet Dik, chief executive of Victoria Oil & Gas plc (LON:VOG), tells Proactive's Andrew Scott fourth quarter gas sales were up just short of 19% from the preceding three months.Gross sales amounted to 726mln cubic feet in the fourth quarter, which also represents an 11% increase in the year-on-year comparative.Dik says they're giving top priority to solving the ENEO issue and management are c...Read More

Credit Agricole begins $7.5 bln Italian bad loan portfolio sale -source

February 16, 2018 / www.kitco.com

MILAN, Feb 16 (Reuters) - Credit Agricole has kicked off the sale of a portfolio of non-performing Italian loans worth around 6 billion euros ($7.5 billion), a source close to the matter said on Friday.The portfolio comprises consumer credit loans and loans to small and medium sized companies, the source said, adding 1.3 billion euros of the total were secured loans."We never comment on rumou...Read More

3 Drug Stocks Making Outsized Moves

February 16, 2018 / www.schaeffersresearch.com

U.S. stocks are climbing today, and at last check, all three benchmarks are headed for some impressive win streaks. Among stocks making notable moves today, drugmaker Pacira Pharmaceuticals Inc (NASDAQ:PCRX) is struggling, while fellow pharmaceutical stocks Calithera Biosciences Inc (NASDAQ:CALA) and Acer Therapeutics (NASDAQ:ACER) are surging higher. Here's a closer look at what shares of PC...Read More

Anglo Asian Mining to accelerate 2018 expansion plans after debt refinancing

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

Bill Morgan, CFO at Anglo Asian Mining Plc (LON:AAZ), talks through their recent debt refinancing as well as production targets for 2018.The refinancing will releasing US$8.4mln of capital to accelerate 2018 expansion and optimisation plans, as the principal required for repayment this year will drop to just US$5.1mln from the previous US$13.5mln.  Meet Medusa Mining, Cora Gold, Group Eleven...Read More

Kitco News Weekly Outlook: How Gold Prices Got Their Groove Back - Hint, It's The U.S. Dollar

February 16, 2018 / www.kitco.com

(Kitco News)- As the old trading saying goes: “The trend is yourfriend,” and some analysts think that gold will continue to trend higher on theback of a weaker U.S. dollar during the shortened trading week.The gold market found new momentum last week as the U.S.dollar was unable to break above key resistance levels and eventually pushed toa new three-year low early Friday. According to...Read More

Banks to feature strongly in deluge of blue chip earnings, including Lloyds, RBS, Barclays

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

It will be a bumper time for corporate earnings in the coming week, with over 15% of the FTSE 100 reporting results, though the main focus will be squarely on the banking sector.HSBC PLC (LON:HSBA), Barclays PLC (LON:BARC), Lloyds Banking Group PLC (LON:LLOY), and Royal Bank of Scotland PLC (LON:RBS) will also report numbers, with Laith Khalaf, senior analyst at Hargreaves Lansdown expecting a mix...Read More

Kitco News Weekly Outlook: How Gold Prices Got Their Groove Back - Hint, It's The U.S. Dollar

February 16, 2018 / www.kitco.com

(Kitco News) - As the old trading saying goes: “The trend is your friend,” and some analysts think that gold will continue to trend higher on the back of a weaker U.S. dollar during the shortened trading week.The gold market found new momentum last week as the U.S. dollar was unable to break above key resistance levels and eventually pushed to a new three-year low early Friday. Accordi...Read More

Gold eases from tops, but remains on track to post strong weekly gains

February 16, 2018 / www.fxstreet.com

   •  A goodish USD rebound prompts some profit-taking.   •  Risk-on mood adds to the downward pressure.    •  US economic data eyed for some fresh trading impetus.  Gold surrendered a major part of its early gains to 3-week tops and has now retreated to $1355 level ahead of the US economic data. A goodish US Dollar rebound from...Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok