Recent News

UPDATE 2-U.S. Senate confirms Powell as Fed chair

January 23, 2018 / www.kitco.com

(Adds vote details, quotes)By Howard SchneiderWASHINGTON, Jan 23 (Reuters) - The U.S. Senate on Tuesday confirmed Federal Reserve Governor Jerome Powell as the next head of the central bank, succeeding Janet Yellen in a move likely to provide continuity in U.S. monetary policy as an aging economic recovery marches on.The Republican-controlled Senate voted 85-12 to approve the 64-year-old lawyer t...Read More

Gold Closes At A New Record High For 2018

January 23, 2018 / www.kitco.com

In September of 2017 gold prices topped out at $1363 per ounce. This marked the conclusion of a dynamic rally, which began in July 2017 when gold was trading just above $1200. This $163 rally contained the largest single price move of any rally last year.What would follow would be a sustained and multi-month correction in which gold prices toppled first to $1262 in October of last year and then, a...Read More

Puma Biotechnology sinks after Europe unlikely to OK breast cancer drug

January 23, 2018 / www.kitco.com

Jan 23 (Reuters) - Puma Biotechnology Inc said on Tuesday a European regulatory panel indicated it was unlikely to provide a positive opinion on the company's breast cancer drug, sending its shares down 30 percent.The setback comes six months after the U.S. Food and Drug Administration approved the experimental breast cancer drug that lowers the risk of the disease returning after initial treatmen...Read More

FTSE 100 finishes higher but miners weigh

January 23, 2018 / www.proactiveinvestors.co.uk

FTSE 100 closes up 16ptsN Brown the biggest mid-cap faller after sales growth slowsIG and Marston's dip after their trading updateseasyJet flies to top of Footsie FTSE 100 closed in positive territory, up around 16 points, but miners sagged.The blue-chip benchmark finished up 0.21%, 16.39 points at 7,731, while FTSE 250 was also higher - up 16 points at  20,671.The US was having a c...Read More

Comstock Reports Positive Metallurgical Test Results for its Preview Project, Saskatchewan

January 23, 2018 / bit.ly

Comstock Metals Ltd.(TSXV:CSL) ('Comstock' or the 'Company') is pleased to report on metallurgical test work recently completed on sample materials from the Preview SW deposit.Read full newsRead More

VVC Exploration - New Private Placement Financings

January 23, 2018 / bit.ly

VVC Exploration Corporation ("VVC" or the "Company") (TSXV:VVC) announces the closing of subscriptions for a new equity non-brokered private placement financing (the "Equity Financing") .Read full newsRead More

Majority of U.S. Senate backs Powell as next Fed chair

January 23, 2018 / www.kitco.com

WASHINGTON, Jan 23 (Reuters) - A majority of the U.S. Senate on Tuesday voted to confirm Federal Reserve Governor Jerome Powell as the next head of the central bank, likely ensuring continuity in monetary policy.Powell, who was seen as an uncontroversial pick with views closely aligned with current Fed Chair Janet Yellen's, is a lawyer and former investment banker. He has served on the Fed's Board...Read More

EMERGING MARKETS-LatAm currencies weaken on U.S. protectionism fears

January 23, 2018 / www.kitco.com

(Updates prices)By Bruno FederowskiBRASILIA, Jan 23 (Reuters) - Latin American currencies weakened on Tuesday as concerns over potential U.S. protectionism lifted the U.S. dollar from an early-year selloff.U.S. President Donald Trump slapped steep tariffs on imported washing machines and solar panels on Monday, measures that some feared could be just the beginning of a wider protectionist swing. C...Read More

Chicago sales tax bonds fetch wider spreads in second sale

January 23, 2018 / www.kitco.com

CHICAGO, Jan 23 (Reuters) - Weaker demand resulted in wider spreads on Tuesday for the sale of highly rated bonds Chicago pulled from the U.S. municipal market last week in order to restructure the deal.The pricing of nearly $376.3 million of the city's Sales Tax Securitization Corporation tax-exempt bonds resulted in spreads of 53 to 60 basis points over Municipal Market Data's (MMD) benchmark tr...Read More

GLOBAL MARKETS-Upbeat earnings underpin stocks, dollar eases to 3-yr low

January 23, 2018 / www.kitco.com

* S&P 500, Nasdaq end up; Dow flat* Brent oil again tops $70/bbl* Treasury yields fall in line with Japanese govt bond yields (Updates with closing U.S. market levels)By Caroline ValetkevitchNEW YORK, Jan 23 (Reuters) - World stock markets rose on Tuesday, with the S&P 500 getting a lift from upbeat earnings from companies such as Netflix, while the U.S. dollar slipped to a three-year low...Read More

Canada Working Hard To Convince Trump On NAFTA: Trudeau

January 23, 2018 / www.kitco.com

DAVOS, Switzerland (Reuters) - Canadian Prime Minister Justin Trudeau said on Tuesday Canada was working hard to convince U.S. President Donald Trump that the NAFTA trade agreement was in the interest of the United States as well as other countries.“We’re working very hard to make sure that our neighbor to the south recognizes how good NAFTA is and that it has benefited not just our ec...Read More

CANADA STOCKS-TSX reverses losses as oil, gold, global sentiment boost

January 23, 2018 / www.kitco.com

* TSX up 9.57 points, or 0.06 percent, at 16,357.98* Five of TSX's 10 main groups move higher TORONTO, Jan 23 (Reuters) - Canada's benchmark stock index reversed earlier losses to close marginally higher on Tuesday, lifted by positive sentiment globally as well as higher oil and gold prices.* The Toronto Stock Exchange's S&P/TSX composite index was up 9.57 points, or 0.06 percent, at 16,357.9...Read More

'Gold Is In A 3rd Year Of A Bull Market, With Long Way To Run' - Jim Rickards

January 23, 2018 / www.kitco.com

(Kitco News) - It is not just about the economic and political headlines, according to the best-selling author, Jim Rickards, who said that the current gold bull market is being driven by fundamentals.“We are in the third year of a bull market with a very long way to run,” Jim Rickards told Kitco News on the sidelines of the Vancouver Resource Investment Conference. “The fundamen...Read More

'Gold Is In A 3rd Year Of A Bull Market, With Long Way To Run' - Jim Rickards

January 23, 2018 / www.kitco.com

(Kitco News) - It is not just about the economic and political headlines, according to the best-selling author, Jim Rickards, who said that the current gold bull market is being driven by fundamentals.“We are in the third year of a bull market with a very long way to run,” Jim Rickards told Kitco News on the sidelines of the Vancouver Resource Investment Conference. “The fundamen...Read More

Stocks End Mixed With Earnings in Focus

January 23, 2018 / www.schaeffersresearch.com

U.S. stocks finished the day mixed, after touching record highs in early trading. The Dow traded on both sides of breakeven, but ultimately ended with a modest loss, as speculators weighed a mixed bag of blue-chip earnings reports, with Travelers (TRV), Johnson & Johnson (JNJ), Verizon (VZ), and Procter & Gamble (PG) among the stocks in focus. FAANG stock Netflix (NFLX) also garnered a healthy amo...Read More

UPDATE 1-Asia Morning Call-Global Markets

January 23, 2018 / www.kitco.com

Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,037.00 45.10 NZX 50**8,325.05 17.42DJIA**26,210.81-3.79 NIKKEI**24,124.15307.82Nasdaq**7,460.28 52.257FTSE**7,731.83 16.39S&P 500** 2,839.13 6.16Hang Seng** 32,930.7 537.29SPI 200 Fut 6,003.017.0STI** 3,592.08 22.65SSEC**3,546.9816 45.62 KOSPI** 2,536.60 34.49--------------------------------------------------------------------------...Read More

US STOCKS-Netflix lifts S&P, Nasdaq; J&J, Procter hold Dow in check

January 23, 2018 / www.kitco.com

* Netflix hits record on strong Q4* P&G, J&J weigh on Dow after results* Trump slaps import tariffs on washers, solar panels* Dow down 0.01 pct, S&P 500 up 0.22 pct, Nasdaq up 0.71 pct (Updates with U.S. market close)By Chuck MikolajczakNEW YORK, Jan 23 (Reuters) - U.S. stocks advanced on Tuesday, as strong results from Netflix helped lift the S&P and Nasdaq Composite, but the Dow...Read More

UPDATE 1-Carlyle-backed toy retailer files for IPO in Brazil

January 23, 2018 / www.kitco.com

(Adds details on company strategy)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, joining a rush of new share sales at the start of the year. According to a filing with securities regulator CVM, the company will issue new shares, and shareholders such as funds managed by buyout firm Carlyl...Read More

Australia shares seen edging up; NZ rises

January 23, 2018 / www.kitco.com

Jan 24 (Reuters) - Australian shares are poised to edge higher on Wednesday, inspired by gains on Wall Street, while weaker iron ore and base metal prices might weigh down material stocks.U.S. stocks advanced on Tuesday, as strong results from Netflix helped lift the S&P 500 and Nasdaq Composite . Chinese iron ore futures dropped 4 percent overnight, while copper prices fell to their lowest in...Read More

FOREX-Dollar index slips to 3-year low on broad-based weakness

January 23, 2018 / www.kitco.com

* Euro zone consumer confidence jumps more than expected * Dollar slips vs yen after BoJ meet (Updates prices, market activity, comment)By Saqib Iqbal AhmedNEW YORK, Jan 23 (Reuters) - The dollar extended recent weakness against a basket of major currencies to hit a fresh three-year low on Tuesday, after the euro surged on consumer confidence data indicating strong momentum in the region's economy...Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok