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Wall St. Losses Accelerate; S&P 500 Down 5 Percent From Record

February 05, 2018 / www.kitco.com

NEW YORK (Reuters) - U.S. stocks’ losses accelerated in afternoon trading on Monday, pushing the S&P 500 down more than 5 percent from its Jan. 26 record high and the Dow below 25,000 for the first time since Jan. 4.The Dow and S&P 500 also fell below their 50-day moving averages, while the Cboe Volatility index .VIX was on pace for its largest one-day jump since August 2015.The S&am...Read More

Canamex Gold goes crypto with gold royalty tokens

February 05, 2018 / www.proactiveinvestors.co.uk

Canamex Gold Corp (CVE:CSQ)CEO David Vincent tells Proactive they are offering gold-backed royalty tokens at 0.005 ounces/unit for 5,000 ounces of gold, each token being offered at $5, to be deployed on the Ethereum blockchain.Vincent says he is hoping to raise $5 million with the royalty tokens to develop an initial token offering (ITO) in the next few months.  Meet Anglo Asian Mining Plc, C...Read More

US STOCKS SNAPSHOT-Dow briefly falls more than 10 pct from high

February 05, 2018 / www.kitco.com

NEW YORK, Feb 5 (Reuters) - The Dow briefly fell more than 10 percent from its Jan. 26 record high on Monday before paring losses to trade above its lows of the day.Both the Dow and S&P 500 were last down more than 3 percent, while the Cboe Volatility index jumped more than 100 percent on the day and hit its highest since August 2015.The Dow Jones Industrial Average fell 938.27 points, or 3.68...Read More

Summing up 5 key predictions for global markets in 2018

February 05, 2018 / www.mining.com

Story by Jeff DesjardinsDespite being roughly nine years into the second-longest bull market in history, recent headwinds have cropped up to make the start of 2018 an interesting one for markets.As investors re-evaluate their portfolios and exposure, it's worth exploring some of the major themes and trends that are expected to drive markets in 2018.Predictions for 2018Today's infographic was done...Read More

Bitcoin Extends Slide, Falls Below $7,000

February 05, 2018 / www.kitco.com

Gertrude Chavez-DreyfussNEW YORK (Reuters) - Digital currency bitcoin fell more than 15 percent on Monday to a nearly three-month low amid a slew of concerns ranging from a global regulatory clampdown to a ban on using credit cards to buy bitcoin by British and U.S. banks.On the Luxembourg-based Bitstamp exchange, bitcoin fell as low as $6,853.53 in early afternoon trading in New York. That marked...Read More

Russia's Vozrozhdenie says it published list of board candidates in error

February 05, 2018 / www.kitco.com

MOSCOW, Feb 5 (Reuters) - Russia's Vozrozhdenie Bank :* Bank publishes list of candidates for its board of directors without names of majority owners Dmitry and Alexei Ananyev* List also includes name of Yury Novozhilov, executive director of pension fund Blagosostoyanie* Bank says list was published by mistake and will be retracted on Tuesday morning* The Ananyev brothers held a majority stake in...Read More

Renforth's Denain Geophysical Survey Demonstrates Continuation of Cadillac Break

February 05, 2018 / bit.ly

Renforth Resources Inc.(CSE:RFR) ("Renforth" or the "Company") is pleased to announce that the airborne geophysical program for Denain, announced November 29, 2017, was completed.Eagle Geophysics of Sorel, Qc has delivered to Renforth a technical survey report and related maps.These will be filed for work completed purposes over the claims.Read full newsRead More

TREASURIES-Selloff pauses after yields hit four-year highs

February 05, 2018 / www.kitco.com

(Adds quotes, data; Updates prices)* Ten-year yields highest since Jan 2014* Fed seen more aggressive on rate hikes* Treasury to sell $66 billion notes, bonds this week By Karen BrettellNEW YORK, Feb 5 (Reuters) - U.S. Treasury yields pulled back from almost four-year highs reached overnight on Monday as investors weighed whether a dramatic week-long selloff had run its course, after improving ec...Read More

US STOCKS SNAPSHOT-Wall St losses accelerate; S&P 500 down 5 pct from record

February 05, 2018 / www.kitco.com

NEW YORK, Feb 5 (Reuters) - U.S. stocks' losses accelerated in afternoon trading on Monday, pushing the S&P 500 down more than 5 percent from its Jan. 26 record high and the Dow below 25,000 for the first time since Jan. 4.The Dow and S&P 500 also fell below their 50-day moving averages, while the Cboe Volatility index was on pace for its largest one-day jump since August 2015.The S&P...Read More

2 Drug Stocks Gapping Lower Today

February 05, 2018 / www.schaeffersresearch.com

U.S. stocks continue to sink, mired in their worst sell-off in over a year. Among the stocks making notable moves today are chip stock Intel Corporation (NASDAQ:INTC), as well as biotech stocks Prothena Corporation (NASDAQ:PRTA) and Corcept Therapeutics Incorporated (NASDAQ:CORT). Here's a closer look at what's moving shares of INTC, PRTA, and CORT today.Apple Hopes Bolster INTC StockIntel stock...Read More

General Motors Call Volume Spikes Ahead of Earnings

February 05, 2018 / www.schaeffersresearch.com

General Motors Company (NYSE:GM) is scheduled to report fourth-quarter earnings tomorrow morning. GM stock has a mixed history of post-earnings price action, but options traders are lining up on the bullish side of the fence ahead of the results, with nearly 67,000 calls traded so far today -- two times what's typically seen, and volume pacing in the 94th annual percentile.The March 50 call is mos...Read More

UK watchdog calls for finance pact with EU to avoid Brexit chaos

February 05, 2018 / www.kitco.com

By Huw JonesLONDON, Feb 5 (Reuters) - British and European Union watchdogs could sign a pact to avoid Brexit disrupting trillions of pounds in cross-border financial contracts and undermine market stability, a top UK regulator said on Monday.Britain and the EU are negotiating the detail of a transition agreement to bridge the UK's departure from the bloc in March next year and start of new trading...Read More

PRECIOUS-Gold steadies after Friday's slide on lower stock markets

February 05, 2018 / www.kitco.com

* Stock markets extend recent selloff* Silver firms after biggest 1-day drop since Dec 2016* GRAPHIC-2018 asset returns: (Recasts throughout; updates prices, headline; adds comment, NEW YORK to dateline)By Renita D. Young and Jan HarveyNEW YORK/LONDON, Feb 5 (Reuters) - Gold prices steadied on Monday as a slide in stock markets helped the precious metal claw back some lost ground after logging its...Read More

Shakespeare Gold Project Mid-Drill Program Update

February 05, 2018 / bit.ly

BTU METALS CORP. ("BTU" or the "Company") (BTU:TSX:V) reports that it is currently mid-way through the previously announced drill program at its Shakespeare Gold properties (PR November 14, 2017) including the historic Shakespeare Mine shaft.Read full newsRead More

UPDATE 1-Fed's Kashkari says needs to see faster wage and price growth

February 05, 2018 / www.kitco.com

(Adds comments on tax cuts, yield curve, inflation, background)By Ann SaphirFeb 5 (Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari, who voted against the Fed's interest-rate hikes last year, said on Monday he needs more convincing that wages and prices are on the rise before he would support further monetary policy tightening.Wages rose faster last year in more states than in...Read More

Gold ends lower on stronger dollar, recent rise in yields

February 05, 2018 / www.marketwatch.com

Gold futures ended lower Monday, failing to rebound from last week's losses, as recent data showing stronger U.S. hiring and wages boosted the prospects for a more aggressive Federal Reserve approach to interest rates and continued to lift the dollar. U.S. stocks traded sharply lower Monday, part of a broader global equity selloff, but didn't fuel any haven-related investment demand to the yellow...Read More

White House Says Fundamentals Of U.S. Economy Strong

February 05, 2018 / www.kitco.com

ABOARD AIR FORCE ONE (Reuters) - With stock markets declining again, the White House on Monday said the fundamentals of the U.S. economy are strong.A trader works on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., February 5, 2018. REUTERS/Brendan McDermid“Markets fluctuate, but the fundamentals of this economy are very strong and they are headed in the right direction,&r...Read More

U.S. Regulators To Back More Oversight Of Virtual Currencies: Testimony

February 05, 2018 / www.kitco.com

WASHINGTON (Reuters) - Digital currencies such as bitcoin demand increased oversight and may require a new federal regulatory framework, the top U.S. markets regulators will tell lawmakers at a hotly anticipated congressional hearing on Tuesday.Christopher Giancarlo, chairman of the Commodity Futures Trading Commission, and Jay Clayton, chairman of the Securities and Exchange Commission, will prov...Read More

France tells Credit Mutuel Arkea to detail its plans to split from parent

February 05, 2018 / www.kitco.com

PARIS, Feb 5 (Reuters) - The French Treasury and central bank urged Credit Mutuel Arkea on Monday to present details about the impact that would result from its potential split from cooperative bank Credit Mutuel. The board of Credit Mutuel Arkea, part of France's fifth-biggest lender, gave its management approval this month to do whatever was necessary to break away from its parent group of coope...Read More

Asia Morning Call-Global Markets

February 05, 2018 / www.kitco.com

Feb 6 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,026.20 -95.20NZX 50**8,241.83 -173.46DJIA25,063.11-457.85 NIKKEI**22,682.08-592.45Nasdaq7,166.845-74.10FTSE**7,334.98 -108.45S&P 500 2,719.95 -42.18Hang Seng** 32,245.22-356.56SPI 200 Fut 5,911-49 STI** 3,482.93 -46.89SSEC**3,487.38 25.30 KOSPI** 2,491.75 -33.64------------------------------------------------------...Read More

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