Recent News

GLOBAL MARKETS-S&P 500, Dow confirm correction as stocks fall again

February 08, 2018 / www.kitco.com

* Dow, S&P 500 down more than 10 pct from Jan. 26 record highs* Bond yields add to rate worries* BOE's hawkish message lifts sterling, gilt yields* Sentiment in stock markets remains frail (Updates with closing U.S. markets' levels)By Caroline ValetkevitchNEW YORK, Feb 8 (Reuters) - The selloff in world stock indexes deepened on Thursday, with the fall in U.S. stocks confirming a correction fo...Read More

UPDATE 3-Umicore raises 892 million euros to fund capacity growth

February 08, 2018 / www.kitco.com

(Releads with result of equity placement)By Alan CharlishFeb 8 (Reuters) - Umicore SA said on Thursday it raised 892 million euros($1.09 billion) in an equity placement which will be used in part to fund investments in its fast-growing rechargeable battery materials business.The new shares, which represent 10 percent of the number of outstanding shares prior to the transaction, were sold at 39.80...Read More

CANADA FX DEBT-Loonie hits six-week low as oil, equities fall

February 08, 2018 / www.kitco.com

* Canadian dollar at C$1.2601 or 79.36 U.S. cents* Bond prices largely higher across yield curve (Adds quote, updates prices)Feb 8 (Reuters) - The Canadian dollar touched a six-week low against the greenback on Thursday as oil prices tumbled and a renewed sell-off in domestic and U.S. stock markets prompted investors to proceed with caution.Commodity-linked currencies, such as the Canadian dollar...Read More

U.S. consumer companies a relative refuge in recent market turmoil

February 08, 2018 / www.kitco.com

By Noel RandewichSAN FRANCISCO, Feb 8 (Reuters) - Many of the stocks that have gotten off most lightly during the waves of selling on Wall Street this week are those standing to benefit from consumers with more buying power, like Amazon.com and Netflix . The S&P 500 consumer discretionary index's 4 percent drop on Thursday was worse than the S&P 500's 3.75 percent fall, but over the past w...Read More

Almadex drills 64.5 m of 0.37 g/t Au at El Cobre

February 08, 2018 / www.stockwatch.com

Dr. Morgan Poliquin reportsALMADEX RECEIVES FINAL EL COBRE ASSAYS FROM 2017Almadex Minerals Ltd.has received the final assay results from the final 2017 drill holes EC-17-043 (Raya Tembrillo) and EC-17-044 (El Porvenir). The Raya Tembrillo area is the very northern part of the large Villa Rica zone of the El Cobre property and is located approximately two kilometres south of the Norte zone, where...Read More

Almadex drills 64.5 m of 0.37 g/t Au at El Cobre

February 08, 2018 / www.stockwatch.com

Dr. Morgan Poliquin reportsALMADEX RECEIVES FINAL EL COBRE ASSAYS FROM 2017Almadex Minerals Ltd.has received the final assay results from the final 2017 drill holes EC-17-043 (Raya Tembrillo) and EC-17-044 (El Porvenir). The Raya Tembrillo area is the very northern part of the large Villa Rica zone of the El Cobre property and is located approximately two kilometres south of the Norte zone, where...Read More

Investors pull record cash from U.S.-based stock funds -Lipper

February 08, 2018 / www.kitco.com

NEW YORK, Feb 8 (Reuters) - U.S. fund investors sucked $23.9 billion out of the stock market during the most recent week, marking the largest withdrawals from those funds on record, Lipper data showed on Thursday.The withdrawals from U.S.-based equity mutual funds and exchange-traded funds took place during the week ended Feb. 7, according to the research service. Their records date back to 1992....Read More

Canuc Reports 10 Metres of 210 g/t #Silver & 5.0 g/t #Gold at Carranza-Lydia Zones

February 08, 2018 / ow.ly

Canuc Resources Corporation (TSXV: CDA) ('Canuc' or the 'Company') is pleased to announce initial results from a recently completed surface rock sampling program conducted at the Carranza and Lydia zones on the Company's San Javier project, Sonora, Mexico.Read full newsRead More

Arizona Silver Begins Trading on OTCQB (R)

February 08, 2018 / ow.ly

Arizona Silver Exploration Inc. (the 'Company' or "Arizona Silver") (TSXV:AZS) (OTCQB:AZASF) announces that it has been approved to trade on the OTCQB (R), Venture Market for qualified companies.Read full newsRead More

U.S. corn export revival fueled by low prices, South America crop woes

February 08, 2018 / www.kitco.com

By Karl PlumeCHICAGO, Feb 8 (Reuters) - Cheap U.S. corn prices, a weaker dollar and concerns about South American production have revived slumping U.S. corn exports that just a month ago appeared to be limping toward their steepest year-on-year slide in a decade.U.S. corn futures scaled to a 5-1/2 month high on Thursday on the robust demand, which is likely to continue through the spring and may s...Read More

CANADA STOCKS-Toronto shares hit 5-month low as sell-off resumes

February 08, 2018 / www.kitco.com

(Adds details, stocks, updates prices)Feb 8 (Reuters) - Canada's main stock index tumbled on Thursday, ending at its lowest level in nearly five months as a sell-off on Wall Street deepened and as a drop in oil prices hit energy shares.* The Toronto Stock Exchange's S&P/TSX composite index ended down 264.97 points, or 1.73 percent, at 15,065.61.* After trading little changed earlier in the se...Read More

Dow Falls 1,000 Points, Enters Correction Territory as Volatility Ramps Back Up

February 08, 2018 / www.schaeffersresearch.com

The Dow made another outsized move today, eventually spiraling to a 1,000-point loss and entering correction territory. It was a similar setup on the S&P 500 and Nasdaq, too, which each lost more than 3%. Stocks were againrocked bya big spike in volatility, with the VIX jumping back atop the 30 handle. The risk-off session was sparked by more fears of rising interest rates -- with the 10-year Trea...Read More

FOREX-Dollar holds firm as U.S. stocks plummet

February 08, 2018 / www.kitco.com

* Dollar's bounce peters out on renewed market volatility* Higher U.S. Treasury yields underpin dollar* Dollar rebound likely unsustainable this year - poll (Updates market action, adds quote)By Gertrude Chavez-Dreyfuss and Richard LeongNEW YORK, Feb 8 (Reuters) - The dollar was little changed on Thursday against a basket of currencies in choppy trading, fading from a two-week high asinvestors red...Read More

Canada regulator repeats call for weed firms to disclose U.S. risks

February 08, 2018 / www.kitco.com

By Nichola SaminatherTORONTO, Feb 8 (Reuters) - Canadian regulators on Thursday reiterated their call for listed cannabis producers with U.S. businesses to clearly disclose risks of operating there, and warned of potential punishment if U.S. federal anti-marijuana laws are more strictly enforced.The Canadian Securities Administrators (CSA) staff notice said stricter U.S. enforcement could result i...Read More

Australian shares to plunge tracking Wall Street; NZ lower

February 08, 2018 / www.kitco.com

Feb 9 (Reuters) - Australian shares are expected to open substantially weaker on Friday, tracking a tumble on Wall Street as investors remained on edge amid several volatile sessions.Major indexes in the United States fell about 2 percent in late afternoon trading. The local share price index futures plunged 119 points to 5,694, a 196.7-point discount to the underlying S&P/ASX 200 index close....Read More

Spearmint Resources Featured in InvestmentPitch Media

February 08, 2018 / ow.ly

Spearmint Resources'(TSXV:SRJ) recently got featured on InvestmentPitch Media regarding the company's latest news around recieveing the Notice of Intent to Drill from the State of Nevada Commission On Mineral Resources.Read full newsRead More

Lloyds Banking Group makes its debut in Proactive's 'Dogs of the Footsie' portfolio

February 08, 2018 / www.proactiveinvestors.co.uk

Proactive Investors virtual fund manager John Harrington dropped into the studio for an update on his 'AIM sustainable dividends' and 'Dogs of the Footsie' portfolios.Harrington discusses the addition of two stock market stars to the AIM sustainable fund -  Plus500 Ltd (LON:PLUS), an Israeli firm that develops and operates an online trading platform for retail customers to trade contracts for...Read More

CANADA STOCKS-TSX resumes sell-off, ends at five-month low

February 08, 2018 / www.kitco.com

Feb 8 (Reuters) - Canada's main stock index tumbled on Thursday, closing at its lowest in nearly five months as a sell-off on Wall Street deepened and as a drop in oil prices hit energy shares. * The Toronto Stock Exchange's S&P/TSX composite index ended down 265.03 points, or 1.73 percent, at 15,065.55. (Reporting by Leah Schnurr in Ottawa; Editing by James Dalgleish) Disclaimer: The views e...Read More

US STOCKS SNAPSHOT-Wall St. sinks further in volatile trading as bond yields rise

February 08, 2018 / www.kitco.com

NEW YORK, Feb 8 (Reuters) - U.S. stocks plunged anew on Thursday in another trading session with big swings, as equities remained in a tug-of-war with bond yields, volatility remained high, and investors saw no relief ahead in finding the bottom of the market.The Dow Jones Industrial Average fell 1,032.89 points, or 4.15 percent, to 23,860.46, the S&P 500 lost 100.58 points, or 3.75 percent, t...Read More

GLOBAL MARKETS-Stocks extend selloff; investors fret over high bond yields

February 08, 2018 / www.kitco.com

* US stocks sink; Dow down 3 pct* Bond yields add to rate worries* BOE's hawkish message lifts sterling, gilt yields* Sentiment in stock markets remains frail* Oil falls as US output soars, N Sea supply restarts (Updates with oil price settlements)By Caroline ValetkevitchNEW YORK, Feb 8 (Reuters) - Stocks in world indexes fell again on Thursday, with major U.S. indexes dropping more than 3 percent...Read More

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