Recent News

U.S. net bill supply seen totaling $290 bln in 4 weeks -JPMorgan

February 12, 2018 / www.kitco.com

NEW YORK, Feb 12 (Reuters) - The U.S. Treasury Department would sell about $290 billion in net ultra short-term debt in the next four weeks in the aftermath a budget agreement last week to suspended the federal debt limit into March 2019, JPMorgan analysts said on Monday.This increase in bill issuance would bring the government's cash balance toward $340 billion by the end of April after the Treas...Read More

Gold, Silver Prices Rally On Short Covering, Bargain Hunting

February 12, 2018 / www.kitco.com

(Kitco News) - Goldand silver prices were ending the U.S. day session with solid gains Monday. Theprecious metals were supported by a weaker U.S. dollar index and a rebound incrude oil prices. Some short covering in the futures market and bargain huntingin the cash market were featured in both metals, following last week’s sellingpressure. Impressively, the metals were able to post good pric...Read More

Gold, Silver Prices Rally On Short Covering, Bargain Hunting

February 12, 2018 / www.kitco.com

(Kitco News) - Gold and silver prices were ending the U.S. day session with solid gains Monday. The precious metals were supported by a weaker U.S. dollar index and a rebound in crude oil prices. Some short covering in the futures market and bargain hunting in the cash market were featured in both metals, following last week’s selling pressure. Impressively, the metals were able to post good...Read More

Andes Iron and Chilean ME enter conciliation process over $2.5-billion project

February 12, 2018 / www.mining.com

Attorneys from Antofagasta's First Environmental Tribunal, together with company executives, researchers and conservation experts, visited, flew over and sailed around the site where Andes Iron's Dominga mine and port project would be located, in the central Coquimbo region. The trip was part of an evaluation process the court was prompted to undertake following Andes Iron's appeal of an August 20...Read More

Average yields fall on Egypt's five- and 10-year T-bonds

February 12, 2018 / www.kitco.com

CAIRO, Feb 12 (Reuters) - Average yields on Egypt's five- and 10-year treasury bonds fell at an auction on Monday, central bank data showed.The average yield on the five-year bond fell to 14.438 percent from 14.716 percent at the last similar auction. The average yield on the 10-year bond fell to 13.871 percent from 14.416 percent. (Reporting by Arwa Gaballa, editing by Larry King) Disclaimer: Th...Read More

US STOCKS-Wall St gains for second straight day after tumultuous week

February 12, 2018 / www.kitco.com

* Materials, Industrials gain on Trump's second budget* 10-yr Treasury yields, VIX hold steady* Energy stocks gain as crude prices rise nearly 2 pct* Indexes up: Dow 1.65 pct, S&P 1.37 pct, Nasdaq 1.43 pct* Dow, S&P still roughly 6 pct lower than Feb. 1 close (Updates to early afternoon)By Sruthi ShankarFeb 12 (Reuters) - Technology and financial shares led Wall Street's main indexes highe...Read More

Asia Morning Call-Global Markets

February 12, 2018 / www.kitco.com

Feb 13 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,820.70 -17.30NZX 50**8,059.06 -33.310DJIA24,603.87412.97NIKKEI**21,382.62-508.24Nasdaq6,967.79 93.30 FTSE**7,177.06 84.63S&P 500 2,655.89 36.34 Hang Seng** 29,459.63-47.79SPI 200 Fut 5,765.00 24.00 STI** 3,384.98 7.74SSEC**3,153.56 23.71 KOSPI** 2,385.38 21.61-------------------------------------------------------...Read More

Stock Signal That Called the 2009 Bottom Just Flashed Again

February 12, 2018 / www.schaeffersresearch.com

After last week's bloodbath, some traders may forget that the U.S. stock market enjoyed its best start to a year since 2003. In fact, the S&P 500 Index (SPX) was up more than 10% in 2018 at its peak -- making the recent stock correction all the more rare. Here's how stocks tend to perform after a quick-and-dirty swing to start the year, and how short-term options traders can capitalize.Signal Soun...Read More

Nigeria central bank says injected $210 mln into currency market

February 12, 2018 / www.kitco.com

ABUJA, Feb 12 (Reuters) - Nigeria's central bank said on Monday it had injected $210 million into the interbank foreign exchange market, part of aneffort to improve liquidity and alleviate the dollar shortages of the past few years.The bank said in a statement it had released $100 million earmarked for the wholesale market, $55 million for small businesses and individuals, and $55 million for cert...Read More

KNEIP focused on transforming financial services to better serve investors

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

Lee Godfrey, chief executive at KNEIP, tells Proactive they're an industry leader in data management and reporting solutions for the investment and insurance industry.''Our vision is to transform the financial services industry to better serve investors'', Godfrey says.''We don't have a direct relationship with investors but our clients do and we want to make sure everything they produce for inves...Read More

Update from holidays firm TUI unlikely to overshadow the latest UK inflation numbers

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

After a mixed update last week from peer Thomas Cook Group PLC (LON:TCG), a first-quarter trading statement will be closely eyed from FTSE 100-listed holidays firm TUI AG (LON:TUI) on Tuesday, when it also holds its annual general meeting.In a preview, analysts at French broker Kepler Cheuvreux said they think that TUI will indicate an improving underlying booking situation which, however, they be...Read More

Gold Prices: Investors Don't Fear 3% Bond Yields

February 12, 2018 / www.kitco.com

(Kitco News)- The gold market does not have to fear rising bond yields,as inflation expectations are keeping real interest rates muted, according toone investment firm.In a report, Monday, Maxwell Gold, director of investmentstrategy at ETF Securities said that gold prices still have room to push highereven as the yield on 10-year notes rises to 3%. The comments come as 10-yearbond yields have inc...Read More

METALS-Weaker dollar bumps copper up from two-month low

February 12, 2018 / www.kitco.com

* LME/ShFE arb: (Updates with closing prices)By Peter HobsonLONDON, Feb 12 (Reuters) - Copper prices rose on Monday from a two-month low last week, helped by a weaker dollar and more stable global markets that encouraged a return to riskier assets. A weaker dollar makes metals cheaper for users of other currencies and can spur demand."A dip in the dollar has lifted the whole base metals secto...Read More

Corruption puts Peru economy at "grave risk" - finance minister

February 12, 2018 / www.kitco.com

LIMA, Feb 12 (Reuters) - Peru's economy is at "grave risk," of a systemic crisis within its construction sector, as companies under investigation for corruption could be forced to halt projects, Finance Minister Claudia Cooper said on Monday.Cooper told the country's Congress that investments tied to several of the companies allegedly involved in corruption are equivalent to 4.2 percent...Read More

Pepsi Stock Tests Key Chart Support Ahead of Earnings

February 12, 2018 / www.schaeffersresearch.com

PepsiCo, Inc. (NASDAQ:PEP) is slated to report fourth-quarter earnings before the open this Tuesday, Feb. 13. The stock has a history of muted earnings reactions, according to Trade-Alert; over the past eight quarters, PEP has averaged a one-day post-earnings move of just 0.5%, regardless of direction. This time around, however, the options market is pricing in a bigger-than-expected post-earning...Read More

The 17 Junior Gold Mining Stocks Elite Investors Are Buying

February 12, 2018 / seekingalpha.com

As an alternative to investing in a junior gold mining ETF I've put together an index of elite investor picks.In general elite investors decreased their exposure to junior gold miners.A possible reason could be pending higher interest rates.5 out of 17 ideas are obviously attractive based on book value and current profitability.Because of The Van Eck Vectors Junior Gold Miners ETF (GDXJ) ETF b...Read More

Spanish property firm Haya lined up for May IPO by owner Cerberus -sources

February 12, 2018 / www.kitco.com

By Andr?(C)s Gonz??lezMADRID, Feb 12 (Reuters) - Private equity firm Cerberus has hired advisers for an initial public offering of Haya in May, in a transaction which could value the real estate firm at up 1.1 billion euros ($1.35 billion), sources familiar with the matter said.The planned flotation follows other Spanish real estate IPOs, such as last week's listing of residential developer Metrov...Read More

Dow Up Triple Digits As Investors Digest Trump Infrastructure Plan

February 12, 2018 / www.schaeffersresearch.com

Stocks are enjoying a much-needed lift after their worst week in years, with the Dow Jones Industrial Average (DJI) starting the week up triple digits, thanks to a rally in tech and financial stocks. Cisco Systems (CSCO) and Apple (AAPL) are leading the Dow, with the former slated to report a earnings later this week. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also exhibiting heal...Read More

US STOCKS-Wall St up for second straight day, clawing back after sell-off

February 12, 2018 / www.kitco.com

* Indexes up: Dow 1.19 pct, S&P 0.99 pct, Nasdaq 1.26 pct* 10-yr Treasury yields at session lows, VIX in narrow range* CSRA jumps after buyout offer from General Dynamics* Cisco, AmEx move higher on Instinet upgrades* Energy stocks gain as crude prices rise nearly 2 pct (Changes comment, adds details, updates prices)By Sruthi ShankarFeb 12 (Reuters) - Wall Street's main indexes rose for a seco...Read More

Stonewall Resources excited by open-cut potential at TGME gold project

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

Rob Thomson, managing director at Stonewall Resources Ltd (ASX:SWJ), spoke to Proactive's Andrew Scott on site at their Theta Hill prospect - part of the TGME gold project in South Africa.They've kicked off a second round of exploration which will comprise RC drilling of 20-30 holes for around 1500 metres.Stonewall aims to complete the phase II drilling at Theta Hill by mid?EUR?March 2018.Further...Read More

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