Recent News

TREASURIES-Yields slide in line with Japan government bonds, after BoJ decision

January 23, 2018 / www.kitco.com

* BoJ keep rates unchanged, sticks to easy policy* Central banks in focus this week* U.S. 2-year note auction attracts strong demand (Adds comment, U.S. 2-year note auction results, updates price, table)By Gertrude Chavez-DreyfussNEW YORK, Jan 23 (Reuters) - U.S. Treasury debt yields weakened on Tuesday in quiet trading, moving in tandem with Japanese government bond yields, after the Bank of Japa...Read More

Granada Announces Private Placement

January 23, 2018 / bit.ly

Granada Gold Mine Inc. (TSXV:GGM) ("Granada Gold" or the "Company") announces a non-brokered private placement offering of up to 4,000,000 units ("Units") at a price of $0.25 per Unit for gross proceeds of up to $1,000,000.Read full newsRead More

ML Gold Begins Drilling at Stars

January 23, 2018 / bit.ly

ML Gold Corp. (TSXV:MLG) ('ML Gold' or the 'Company') is pleased to report it has intersected three long intervals with visible copper sulphide in the second, third, and fourth drill holes at its ongoing program at the Stars Project near the Huckleberry Mine in central BC.Read full newsRead More

ICBC: Gold Market Due For A Correction

January 23, 2018 / www.kitco.com

(Kitco News)- Whilethere is still long-term bullish potential, the market is at risk for apullback as prices have run too far, too fast, according to the world’s largestbank.Tuesday,in a note to clients, Marcus Garvey, senior manager at ?ICBC Standard Bank,said that he is particularly concerned with gold as the market is now moving intandem with interest rates. Historically, rising interest...Read More

CIA Believes North Korea Weapons Aimed At Coercion, Not Just Defense: Pompeo

January 23, 2018 / www.kitco.com

David Brunnstrom, Warren StrobelWASHINGTON (Reuters) - The CIA believes North Korea’s missile program is aimed at coercion, not just self-defense, and that Pyongyang’s next logical step would be to develop an arsenal of weapons and the capability to fire multiple missiles at the United States, the agency’s director Mike Pompeo said on Tuesday.Speaking at the American Enterprise I...Read More

UPDATE 4-Tesla sets massive stock awards for Musk based on boosting market value

January 23, 2018 / www.kitco.com

* Musk pay based on market cap, operational milestones* CEO to receive no guaranteed compensation of any kind (Recasts; adds background on competition, capital raise, analyst comment, updates shares)By Subrat Patnaik and Alexandria SageBANGALORE/SAN FRANCISCO, Jan 23 (Reuters) - Silicon Valley billionaire Elon Musk could earn as much as $55.8 billion in Tesla Inc stock and own more than a quarter...Read More

Renforth Extends Parbec Gold Deposit Strike 60m with Gold in All 7 Drillholes

January 23, 2018 / bit.ly

Renforth Resources Inc. (CSE:RFR) ("Renforth" or the "Company") is pleased to announce that December 2017 drilling has extended the mineralized resource model horizons at Parbec by 60m on strike to the NW with gold intersected in each of seven holes.Read full newsRead More

Shutdown-Ending Bill Seen Expanding U.S. Debt By $31 Billion In Decade

January 23, 2018 / www.kitco.com

WASHINGTON (Reuters) - The stopgap funding bill passed by the U.S. Congress to end the government shutdown will add $31.3 billion to the national debt over a decade, congressional tax analysts said on Tuesday.In another instance of the Republican-controlled Congress running up debt on the Treasury Department credit card, the Joint Committee on Taxation pointed to healthcare tax cuts included in th...Read More

North Korea, U.S. Clash At Disarmament Forum Over Nuclear Arms

January 23, 2018 / www.kitco.com

Stephanie NebehayGENEVA (Reuters) - North Korea said on Tuesday it had a “powerful and reliable” nuclear deterrent to thwart any attack and accused the United States of deploying military assets nearby under the pretext of ensuring security at the Pyeongchang Winter Olympics.FILE PHOTO: North Korea's ambassador to the United Nations Han Tae Song attends an interview with Reuters at the...Read More

Lawmakers Scramble On Immigration As Government Shutdown Paused

January 23, 2018 / www.kitco.com

WASHINGTON (Reuters) - U.S. lawmakers on Tuesday sought a way forward on an immigration deal including protection for “Dreamer” immigrants and border security before federal funding runs out again next month.On Monday, the Republican-led Congress passed a measure signed into law by President Donald Trump to fund the federal government through Feb. 8 following a three-day shutdown. But...Read More

U.S. Senate sets evening vote on Powell to be Fed chair

January 23, 2018 / www.kitco.com

WASHINGTON, Jan 23 (Reuters) - The U.S. Senate on Tuesday voted to limit debate on the nomination of Federal Reserve Governor Jerome Powell to lead the central bank, setting the clock ticking toward a final confirming vote in the evening.The Republican-controlled Senate voted 84-12 to move toward a final vote, which it agreed to hold at 5 p.m. (2200 GMT).Powell, 64, was nominated by President Dona...Read More

France's Areva rebrands to Orano in dire uranium market

January 23, 2018 / www.mining.com

By Geert De ClercqPARIS, Jan 23 (Reuters) - French uranium mining and nuclear fuel group Areva rebranded itself as Orano on Tuesday, closing the book on a years-long restructuring but still facing an uncertain future, with uranium prices at decade lows and the nuclear industry in the doldrums.Chief Executive Philippe Knoche said a new name and logo were necessary to start another chapter in the hi...Read More

France's Areva rebrands to Orano in dire uranium market

January 23, 2018 / www.mining.com

By Geert De ClercqPARIS, Jan 23 (Reuters) - French uranium mining and nuclear fuel group Areva rebranded itself as Orano on Tuesday, closing the book on a years-long restructuring but still facing an uncertain future, with uranium prices at decade lows and the nuclear industry in the doldrums.Chief Executive Philippe Knoche said a new name and logo were necessary to start another chapter in the hi...Read More

German arms exports fall by 9 pct in 2017 - ARD

January 23, 2018 / www.kitco.com

BERLIN, Jan 23 (Reuters) - German arms exports dropped by nine percent to 6.24 billion euros last year, ARD television reported on Tuesday, following a pledge by the co-governing Social Democrats (SPD) to restrict weapons sales to non-allied countries.Germany is the world's third-biggest arms exporter, but weapons sales remain a domestically sensitive issue given the country's World War Two histor...Read More

Venezuela says 'petro' cryptocurrency pre-sale will be in hard currency

January 23, 2018 / www.kitco.com

CARACAS, Jan 23 (Reuters) - Venezuela's "petro" cryptocurrency will initially be offered in a pre-sale in hard currency and other cryptocurrencies, the government said on Tuesday, and not initially available in the country's collapsing bolivar currency.Leftist President Nicolas Maduro is hoping to capitalize on the success of cryptocurrencies by creating one for Venezuela as the bolivar...Read More

Gold surrenders daily gains amid reviving USD demand

January 23, 2018 / www.fxstreet.com

   •  US bond yields halt the bearish slide and exert some pressure.    •  Global risk-on trade dampens safe-haven appeal. Gold finally broke down of its Asian/European session consolidation phase and refreshed session lows in the last minute. As the NA session got underway, the precious metal surrendered all of its early gains to $1339 area, 4-day tops...Read More

Bank Of America Stock Poised For Higher Highs

January 23, 2018 / www.schaeffersresearch.com

Bank of America Corp (NYSE:BAC) turned in a solid earnings report last week, and the stock has finished higher nine out of the last ten sessions as a result. The financial institution could have even more left in the tank, a sentiment echoed by some financial analysts. After earlier touching a nine-year high of $32.13, BAC stock was last seen trading at $31.94, and the shares may have just flashe...Read More

Carlyle-backed toy retailer files for IPO in Brazil -document

January 23, 2018 / www.kitco.com

SAO PAULO, Jan 23 (Reuters) - Brazilian toy retailer Ri Happy Brinquedos SA filed on Tuesday for an initial public offering on the Sao Paulo stock exchange, according to documents filed with Brazil's securities regulator. According to the filing, the company will issue new shares and shareholders such as buyout firm Carlyle Group LP , which controls Ri Happy, will also sell shares. The company sai...Read More

Fed Nominee Goodfriend: Current Fed Policy "More Or Less" On Right Course

January 23, 2018 / www.kitco.com

WASHINGTON (Reuters) - Federal Reserve Board nominee Marvin Goodfriend said on Tuesday he felt current policy was “more or less” correct and should allow the central bank to hit its inflation target in a year or so.Goodfriend, peppered by questions from Senate Banking Committee Democrats about his earlier warnings that low interest rates risked a breakout of inflation, said that he now...Read More

Crunch Time For NAFTA As Negotiators Open Montreal Round Of Talks

January 23, 2018 / www.kitco.com

David Ljunggren, Anthony EspositoMONTREAL (Reuters) - U.S., Canadian and Mexican negotiators opened a key week-long round of talks to modernize NAFTA on Tuesday amid persistent concerns the Trump administration is preparing to walk away from the trade deal, a move that could roil financial markets.Time is running out for Canada and Mexico to address U.S. demands for major changes to the North Amer...Read More

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