Recent News

Gold holds above $1350 level, closer to 3-week tops

February 15, 2018 / www.fxstreet.com

   •  Rising US bond yields capping additional gains.   •  Weaker USD continues to lend support.   •  Remains poised to extend the bullish momentum. Gold stalled its mid-European retracement near $1350 level and has now moved back within striking distance of 3-week tops touched earlier. Persistent US Dollar selling bias continues to under...Read More

Argentina says nationwide inflation 1.8 pct in January

February 15, 2018 / www.kitco.com

BUENOS AIRES, Feb 15 (Reuters) - Consumer prices in Argentina rose 1.8 percent in January, bringing the 12-month inflation rate to 25 percent, government data showed on Thursday.The central bank is targeting inflation of 15 percent this year. In greater Buenos Aires, which had been used as a proxy for the country's inflation before the Indec statistics agency launched a nationwide index last year,...Read More

Private equity firm Ares to be corporation following U.S. tax reform

February 15, 2018 / www.kitco.com

By Joshua FranklinNEW YORK, Feb 15 (Reuters) - Ares Management LP said on Thursday it would convert its structure from a publicly listed partnership into a corporation, the first private equity firm to decide such a move following the enactment of U.S. tax reform.The switch will expand the potential shareholder base of Ares, because it will allow index funds that were previously restricted from ow...Read More

Buy Calls on This Commodities Stock

February 15, 2018 / www.schaeffersresearch.com

The shares of Teck Resources Ltd (NYSE:TECK) rallied on Wednesday, after the company reported earnings and said it expects strong demand for steelmaking coal this year. While TECK stock was last seen modestly lower today, the security recently sent up a pair of historical "buy" signals -- and now could be an opportune time to purchase call options on the commodity stock.The shares were last seen t...Read More

Telson averages 132 t/d in preproduction at Tahuehueto

February 15, 2018 / www.stockwatch.com

Mr. Antonio Berlanga reportsTELSON DISCLOSES TAHUEHUETO MINING & CONCENTRATE PREPRODUCTION, METALLURGICAL BALANCES & CASH SALE RESULTS FOR 2017 AND ANNOUNCES PLANS FOR CORPORATE NAME CHANGETelson Resources Inc. has released the results of preproduction mining and processing at its 100-per-cent-owned Tahuehueto mine development project located in Durango, Mexico.Preproduction mining averagi...Read More

Bonterra Resources arranges $21.49M private placement

February 15, 2018 / www.stockwatch.com

Mr. Nav Dhaliwal reportsBONTERRA ANNOUNCES $21.5 MILLION PRIVATE PLACEMENTBonterra Resources Inc. has entered into an agreement with Sprott Capital Partners to act as lead agent, on its own behalf and, if applicable, on behalf of a syndicate of agents,in connection with a marketed private placement to raise gross proceeds of $21,495,000.The offering will consist of a combination of: (a) 13.3 milli...Read More

Telson averages 132 t/d in preproduction at Tahuehueto

February 15, 2018 / www.stockwatch.com

Mr. Antonio Berlanga reportsTELSON DISCLOSES TAHUEHUETO MINING & CONCENTRATE PREPRODUCTION, METALLURGICAL BALANCES & CASH SALE RESULTS FOR 2017 AND ANNOUNCES PLANS FOR CORPORATE NAME CHANGETelson Resources Inc. has released the results of preproduction mining and processing at its 100-per-cent-owned Tahuehueto mine development project located in Durango, Mexico.Preproduction mining averagi...Read More

Bonterra Resources arranges $21.49M private placement

February 15, 2018 / www.stockwatch.com

Mr. Nav Dhaliwal reportsBONTERRA ANNOUNCES $21.5 MILLION PRIVATE PLACEMENTBonterra Resources Inc. has entered into an agreement with Sprott Capital Partners to act as lead agent, on its own behalf and, if applicable, on behalf of a syndicate of agents,in connection with a marketed private placement to raise gross proceeds of $21,495,000.The offering will consist of a combination of: (a) 13.3 milli...Read More

US STOCKS-Tech, industrials bolster Wall Street's recovery

February 15, 2018 / www.kitco.com

* Cisco shares up after upbeat results and forecast* Apple gains after Berkshire Hathaway boosts stake* Oil prices fall, dragging energy stocks* Indexes up: Dow 0.4 pct, S&P 0.5 pct, Nasdaq 0.88 pct (Updates to early afternoon)By Sruthi Shankar and Aparajita SaxenaFeb 15 (Reuters) - U.S. stocks were on course for their fifth straight day of gains on Thursday, led by technology and industrial s...Read More

Seeing Machines: Growing distributors and larger deals in the pipeline

February 15, 2018 / www.proactiveinvestors.co.uk

Ken Kroeger, executive chairman of Seeing Machines Limited (LON:SEE), tells Proactive's Andrew Scott it's been a great first half.''The capital raise was a big part of the activity. We've got great continued and increased support from our traditional shareholders as well as some great new institutional investors.''''The first half of the year tracking to target - a lot of activity in the automotiv...Read More

Options Bears Won Big On This Struggling Food Stock

February 15, 2018 / www.schaeffersresearch.com

Subscribers to Schaeffer's Option Advisor service recently doubled their money on Kraft Heinz Co (NASDAQ:KHC) April 82.50 puts. We're going to dissect the options trade below, looking back at what originally attracted us to KHC and how the stock performed after we recommended the puts. We recommended the put option in late December. KHC shares at that time had bounced off their late-October annua...Read More

This Retail Stock Could Climb Next Week

February 15, 2018 / www.schaeffersresearch.com

The shares of athletic apparel retailer Foot Locker, Inc. (NYSE:FL) on Wednesday climbed atop their 10-day and 30-day moving averages for the first time since Jan. 29, when the stock was flirting with six-month highs. FL stock has soared more than 50% in the past three months alone, and could outperform next week, if recent history is any indicator.Not only is Foot Locker stock typically among the...Read More

Gold Sees Mild Corrective Pullback After Big Gains Wed.

February 15, 2018 / www.kitco.com

(Kitco News) - Goldprices were ending the U.S. day session modestly lower Thursday, on a minordownside correction from the strong gains seen Wednesday. Still, the gold bullsthis week have gained technical power to suggest more upside price action islikely in the near term. April Comex gold futures were last down $3.40 an ounceat $1,354.60. March Comex silver was last down $0.088 at $16.79 an ounce...Read More

Gold Sees Mild Corrective Pullback After Big Gains Wed.

February 15, 2018 / www.kitco.com

(Kitco News) - Gold prices were ending the U.S. day session modestly lower Thursday, on a minor downside correction from the strong gains seen Wednesday. Still, the gold bulls this week have gained technical power to suggest more upside price action is likely in the near term. April Comex gold futures were last down $3.40 an ounce at $1,354.60. March Comex silver was last down $0.088 at $16.79 an...Read More

Are Gold And Gold Miners A Good Bear Market Hedge?

February 15, 2018 / seekingalpha.com

Gold and ETFs like the GLD tend to rise in value when the market falls but the relationship is weak.Gold mining stocks and ETFs like GDX are positively correlated to the stock market and make a terrible hedge against market weakness.Real interest rates as measured by the yield on 5-Year TIPS have much stronger correlation to gold than the S&P 500.Investors should buy GLD and GDX in the later s...Read More

U.S. stock volatility shock wanes, VIX futures signal smoother sailing

February 15, 2018 / www.kitco.com

By Saqib Iqbal AhmedNEW YORK, Feb 15 (Reuters) - U.S. stocks may have recovered only about half the ground lost in the recent selloff, but traders in the derivatives market are fast dialing down their fears of more ructions.The CBOE Volatility Index , the most widely followed barometer of expected near-term volatility in the S&P 500 , while not quite back to where it was before last week's slu...Read More

Egypt's central bank says cuts overnight interest rates by 1 percent

February 15, 2018 / www.kitco.com

CAIRO, Feb 15 (Reuters) - Egypt's central bank cut its key interest rates by 100 basis points on Thursday, it said in a statement.The statement said the bank cut its overnight deposit rate to 17.75 percent from 18.75 percent and its overnight lending rate to 18.75 from 19.75 percent.(Reporting by Arwa Gaballa; editing by Sami Aboudi) Disclaimer: The views expressed in this article are those of th...Read More

Ariana Resources seeing significant interest in Salinbas as they look to advance project

February 15, 2018 / www.proactiveinvestors.co.uk

Kerim Sener, managing director at Ariana Resources plc (LON:AAU), tells Proactive's Andrew Scott a team's now on site at their Salinbas project and are commencing a programme of work there which includes re-logging of around 30 drill holes which will feed into a revision of the ore body model.''That will then form our exploration plan going forward - we're also planning for drilling at Salinbas la...Read More

Asia Morning Call-Global Markets

February 15, 2018 / www.kitco.com

Feb 16 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,909.00 67.80 NZX 50**8,063.33 4.530DJIA25,046.52153.03NIKKEI**21,464.98310.81Nasdaq7,223.46379.85 FTSE**7,234.81 20.84S&P 500 2,717.37 18.74 Hang Seng** 31,115.43599.83SPI 200 Fut 5,878.00 16.00 STI** 3,443.51 40.65SSEC**3,199.1589014.20020KOSPI** 2,421.83 26.64-----------------------------------------------------...Read More

U.S. sells 30-year TIPS at highest yield in two years

February 15, 2018 / www.kitco.com

NEW YORK, Feb 15 (Reuters) - The U.S. Treasury Department on Thursday sold $7 billion of 30-year Treasury Inflation-Protected Securities at a yield of 1.003 percent, the highest at an auction of this maturity in two years, Treasury data showed.The ratio of bids to the amount of 30-year TIPS offered was 2.31, the lowest reading in a year. This measure of overall auction demand was 2.64 at the prior...Read More

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