Gold mining stocks lagged behind gains for the precious metal last year, but they could overtake the gold rally in 2018. "Gold miners have been underperforming gold for the last several years, which is not unusual during a bear market or falling price," said Peter Spina, president and chief executive officer of GoldSeek.com. "But over the prior few years as gold has moved hundreds of dollars off...Read More
Jan 19 (Reuters) - Wall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed.The Dow Jones Industrial Average rose 53.71 points, or 0.21 percent, to 26,071.52, the S&P 500 gained 12.28 points, or 0.44 percent, to 2,810.31 and the Nasdaq Composite added 40.33 points, or 0.55 percent, to 7,336.38. (Reporting By Sinead Carew Editing by Chizu Nomiya...Read More
ALL TIMES IN EST/GMT -------------------------------------------------------1100/1600: The USDA releases weekly U.S. export inspections for grains, oilseeds.1100/1600: The Treasury Dept. announces weekly sale of 4-week bills.1130/1630: The Treasury Dept holds weekly sale of 3-, 6-month bills.------------------------------------------------------- DIARY - Federal Reserve Events U.S. Indicators (Was...Read More
* Randal Quarles warns revising rule will be substantial effort* Fed also looking to recalibrate leverage ratio, liquidity rules* Says he aims to 'improve' upon, not gut, post-crisis rules By Michelle PriceWASHINGTON, Jan 19 (Reuters) - A top bank regulator at the U.S. Federal Reserve is planning several imminent changes that Wall Street has wanted involving capital rules, proprietary trading and...Read More
The recent strength in the oil market was bound to attract new entrants and this week the sentiment feared a rise in US production would weigh on the price.In early trading on Friday, Brent crude was priced above US$68 with WTI holding around US$63 a barrel.The week started well with a stronger oil price not seen since the end of 2014 and Brent crude above US$70 a barrel.Traditionally slower deman...Read More
AFC Energy plc (LON:AFC) told investors that the quarter ended December 31 was important as the company "achieved very significant improvements" for its fuel cell system. The company said it now believes the system has demonstrated a platform for future commercial deployment, with the projected performance ahead of objectives set in 2017. Indeed, it added that successful results from early operati...Read More
* Republicans scramble for funding deal before midnight deadline* Some see modest market effect from a U.S. government shutdown* Euro near 3-year high, yen close to 4-month high vs dollar* Rising U.S. yields fail to lift greenback (Updates market action, adds quote, graphic)By Richard LeongNEW YORK, Jan 19 (Reuters) - The dollar held steady above a three-year low versus a basket of currencies on F...Read More
NEW YORK, Jan 19 (Reuters) - Speculators' net short dollar bets rose in the latest week to the largest position since mid-October, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.The value of the net short dollar positions, derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and C...Read More
By Caroline ValetkevitchNEW YORK, Jan 19 (Reuters) - The dollar's drop to three-year lows this week after prolonged weakness in 2017 is expected to further boost profits at big U.S. companies when investor optimism is already high over corporate tax cuts.Investors are keeping an eye out for signs of the dollar's impact on company earnings as fourth quarter reporting ramps up next week.U.S. multina...Read More
Mining Capital's Alastair Ford talks Lithium, Cobalt and the growing electric vehicle market.Ford discusses the lithium assets of Savannah Resources Plc (LON:SAV) as well as European Metals Holdings Ltd (ASX:EMH; LON:EMH) and Bacanora Minerals Ltd (LON:BCN)(CVE:BCN).He says he's been speaking with the team at Cadence Minerals Plc (LON:KDNC) (OTC: KDNCY), who have significant investments in b...Read More
(Kitco News)- There is still lots of value in the gold market as priceshold near a four-month high, according to the manager of the third largestgold-backed investment firm in North America.John Ciampaglia, CEO of Sprott Asset Management (SAM), saidin an interview with Kitco News that he sees last year’s 12% rally in gold as thestart of a bigger long-term move, adding that investors are star...Read More
Triumph Gold Corp. (TSXV:TIG) (OTCMKTS: TIGCF) ('Triumph Gold' or the 'Company') is pleased to announce that it will be exhibiting at the AME BC Roundup Core Shack on Wednesday, January 24 and Thursday, January 25.Read full newsRead More
(Adds comments)By Ann SaphirSAN FRANCISCO, Jan 19 (Reuters) - The Federal Reserve should continue to raise rates at a gradual pace during 2018, San Francisco Federal Reserve Bank President John Williams said on Friday, saying he expects the recent tax cuts and other tailwinds to boost economic growth this year."Right now my base case is that three rate increases for 2018 seems like a good st...Read More
Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) is pleased to announce that it will be participating in the AME BC Roundup Conference's Core Shack on January 22nd and 23rd.Read full newsRead More
It's a mixed session on Wall Street today, as traders await updates on the budget showdown in D.C. Among individual stocks making notable moves are embattled blue chip General Electric Company (NYSE:GE), pharmaceutical firm Valeant Pharmaceuticals Intl Inc (NYSE:VRX), and e-commerce giant Amazon.com, Inc. (NASDAQ:AMZN). Here's a quick look at what's moving shares of GE, VRX, and AMZN.GE Stock Hit...Read More
U.S. stocks hit new highs again this week, with the Dow Jones Industrial Average (DJI) soaring past the 26,000 level, thanks to another round of well-received fourth-quarter earnings reports. The momentum stalled by week's end, however, when profit-taking and fears of a government shutdown took hold on Wall Street. As a result, the CBOE Volatility Index (VIX) notched its best weekly win since Dec...Read More
(Updates quotes, prices and news throughout)* 10-year yields hit highest level since September 2014* Deadline for U.S. government funding bill approaching By Kate DuguidNEW YORK, Jan 19 (Reuters) - Yields on the 10-year U.S. government note hit a three-year high on Friday as weakness in overnight trading led the debt to test key technical support levels, before the higher yields attracted new buy...Read More
The shares of biotech Exelixis, Inc. (NASDAQ:EXEL) -- which makes Cabometyx -- have been in a channel of higher highs and lows since early 2016, gaining 55% over the past year. Since its most recent test of the $32-$32.50 range -- home to its Oct. 16 record high -- earlier this month, EXEL stock has given back about 13%, and was last seen 0.3% lower to trade at $27.80. However, the drug stock coul...Read More
SAN FRANCISCO, Jan 19 (Reuters) - San Francisco Federal Reserve President John Williams on Friday did not comment on reports Thursday that he is under consideration by the White House to be the Fed Board's No. 2, succeeding Stanley Fischer who resigned late last year."I'm not going to comment on that at all," he told reporters after an event at the Fed's headquarters. "This is a dec...Read More
Jan 19 (Reuters) - * Synchrony Financialposted quarterly adjusted earnings of 70 centsper share. The mean expectation of 20 analysts for the quarter ended December 31 was for earnings of 63 centsper share. * Revenue rose 7.94 percent to $3.92 billion from a year ago; analysts expected $3.96 billion. * Synchrony Financial's Reported EPS for the quarter was 49 cents. * The mean earnings estimate of...Read More