Recent News

Miramont Provides Update On Cerro Hermoso Project

January 11, 2018 / bit.ly

Miramont Resources Corp. (CSE: MONT) ('Miramont' or the 'Company') is pleased to provide an update of progress at its Cerro Hermoso project in southern Peru.Read full newsRead More

Major Honour for HemoGenyx

January 11, 2018 / www.proactiveinvestors.co.uk

Co-founder of New York-based company HemoGenyx Alexis Sandler tells Proactive how thrilled she was to welcome the Lt.Gov of New York to the HemoGenyx laboratories recently. The Lt.Governor met with their eminent team of scientists and saw first hand why HemoGenyx is described as a 'success story', originally invested in by the state of New York. Not only was this a major honour for HemoGenyx, this...Read More

US STOCKS SNAPSHOT-Wall St posts record highs on oil surge

January 11, 2018 / www.kitco.com

NEW YORK, Jan 11 (Reuters) - Wall Street closed at record highs on Thursday as rising oil prices lifted energy stocks and investors bet on a strong U.S. corporate earnings season.The Dow Jones Industrial Average rose 205.6 points, or 0.81 percent, to 25,574.73, the S&P 500 gained 19.33 points, or 0.70 percent, to 2,767.56 and the Nasdaq Composite added 58.21 points, or 0.81 percent, to 7,211.7...Read More

DIARY - Today in Washington - Jan 12

January 11, 2018 / www.kitco.com

ALL TIMES IN EST/GMT -------------------------------------------------------0830/1330: The Commerce Dept. issues Retail Sales for December.0830/1330: The Labor Dept. issues Consumer Price Index and Real Earnings for December.1000/1500: The Commerce Dept. issues Business Inventories for November.------------------------------------------------------- DIARY - Federal Reserve Events U.S. Indicators (...Read More

Gold struggles to extend gains above $1320 amid improving market sentiment

January 11, 2018 / www.fxstreet.com

USD weakens in the NA session post-PPI data. Wall Street recovers recent losses on Thursday. Gold sticks to modest daily gains. Despite the broad-based USD weakness, the XAU/USD pair is having a difficult time extending its gains on Thursday. As of writing, the pair was trading at $1321.25, adding 0.35% on the day. Earlier today, the data released by the U.S. Bureau of Labor Statistics show...Read More

UPDATE 1-NZ regulator probing PGG Wrightson's top shareholder

January 11, 2018 / www.kitco.com

(Adds details about the probe, background)Jan 12 (Reuters) - New Zealand's overseas investment regulator is investigating Agria Corporation, the largest shareholder in New Zealand agriculture firm PGG Wrightson Ltd , PGG said on Thursday, confirming media reports. PGG Wrightson said the Overseas Investment Office (OIO) was investigating Hong-Kong based Agria on "good character" grounds....Read More

Peru fiscal deficit widens to 3.2 pct of GDP in 2017 -central bank

January 11, 2018 / www.kitco.com

LIMA, Jan 11 (Reuters) - Peru logged a fiscal deficit equal to 3.2 percent of gross domestic product in 2017, wider than the government's 3 percent target and the 2.6 percent deficit registered in 2016, the central bank said on Thursday.A drop in government revenues made up 0.5 percentage point of last year's deficit, followed by increased government spending, which contributed 0.2 point to the sh...Read More

Gold Prices Have Room To Move $100 Higher - Vince Lanci

January 11, 2018 / www.kitco.com

(Kitco News) - Gold is up 6% since the Fedraised rates last month, despite net outflows in North American-basedgold-backed exchange traded funds, but one trader said that not all investors arefleeing from the yellow metal.In an interview with KitcoNews, Vince Lanci, founder of Echobay Partners, said that he is shrugging offthe impact of recent outflows in SPDR Gold Shares, the world’s bigges...Read More

Gold Prices Have Room To Move $100 Higher - Vince Lanci

January 11, 2018 / www.kitco.com

(Kitco News) - Gold is up 6% since the Fed raised rates last month, despite net outflows in North American-based gold-backed exchange traded funds, but one trader said that not all investors are fleeing from the yellow metal.In an interview with Kitco News, Vince Lanci, founder of Echobay Partners, said that he is shrugging off the impact of recent outflows in SPDR Gold Shares, the world’s b...Read More

FOREX-Euro soars after ECB says it could revisit policy message soon

January 11, 2018 / www.kitco.com

* Euro gains after ECB minutes released* Dollar index weak after U.S. producer prices fall* Bitcoin slips on S.Korea plans to ban cryptocurrency trading (Updates prices, market activity, comments)By Saqib Iqbal AhmedNEW YORK, Jan 11 (Reuters) - The euro rallied against the greenback on Thursday after the European Central Bank said it could revisit its communication stance in early 2018, boosting e...Read More

Senate Panel To Vote January 17 On Powell Nomination For Fed Chief

January 11, 2018 / www.kitco.com

WASHINGTON (Reuters) - The U.S. Senate Banking Committee will hold a second vote on Jan 17 over the Trump administration’s nomination of Fed Governor Jerome Powell to lead the Federal Reserve, the committee’s calendar showed on Thursday.The committee already backed Powell to head the U.S. central bank in a Dec 5 vote, but a second vote is required because the full Senate failed to appr...Read More

BlackRock, Vanguard tapping more into electronic bond trading

January 11, 2018 / www.kitco.com

By John McCrankNEW YORK, Jan 11 (Reuters) - Electronic trading is becoming increasingly important when it comes to corporate debt as fund management firms try to knit together sources of liquidity in a fragmented market, executives from Vanguard Group Inc and BlackRock Inc said on Thursday."Our goal by the end of the year is that every trade we do is going to be done electronically," Jim...Read More

Copper faces a double disruption threat in 2018 -

January 11, 2018 / www.reuters.com

(Repeats Jan. 10 item. The opinions expressed here are those of the author, a columnist for Reuters.)Read full newsRead More

Overwatch League Kickoff Wins Over ATVI Analysts

January 11, 2018 / www.schaeffersresearch.com

The U.S. stock rally is back on, with the Dow up triple digits at last check amid a surge in energy shares. Among other names making volatile moves today are video game maker Activision Blizzard, Inc. (NASDAQ:ATVI), hospital operator Community Health Systems (NYSE:CYH), and solar stock First Solar, Inc. (NASDAQ:FSLR). Here's a quick look at what's lifting shares of ATVI, CYH, and FSLR.Overwatch Le...Read More

Ulta Beauty Stock Has Been Hot, and Options Traders See More Upside

January 11, 2018 / www.schaeffersresearch.com

Ulta Beauty Inc (NASDAQ:ULTA) pulled back sharply in the latter half of 2017 following its June record high of $314.86, eventually bottoming at $187.96 in mid-October. But since then, the shares have been in a channel of higher highs and lows, last seen trading at $232.37. Part of the outperformance so far in 2018 has been due to bullish analyst attention, but historical data also shows ULTA stock...Read More

This Chip Stock Could Surge Into February

January 11, 2018 / www.schaeffersresearch.com

Chip makers have been in focus to start the new year, after Intel's (INTC) reported Spectre security flaws. Fellow chipmaker Micron Technology, Inc. (NASDAQ:MU) has also struggled lately, on track to shed 8.4% this week. However, this pullback puts MU stock within one standard deviation of its 80-day moving average, a trendline with historically bullish implications.According to Schaeffer's Sen...Read More

Boohoo shares edge lower as margins ease over Christmas trading period

January 11, 2018 / www.proactiveinvestors.co.uk

Online fashion retailer Boohoo.com PLC (LON:BOO) reported a surge in revenue in the final four months of 2017 but shares fell as it said margins eased.Group total revenue doubled to ?228.2mln from ?114.3mln the same period last year, and was up 93% on a constant exchange rates (CER) basis.The gross margin eased to 52.5% from 53.1% a year earlier, while the retail gross margin dipped to 54.2% fro...Read More

UPDATE 1-Argentina's nationwide inflation hits 24.8 pct in 2017

January 11, 2018 / www.kitco.com

(Adds background on Argentina economic policy, regional comparisons, details from report)BUENOS AIRES, Jan 11 (Reuters) - Consumer prices in Argentina rose 24.8 percent in 2017 after a sharp 3.1 percent increase in December, government data showed on Thursday, well above the central bank's target range for annual inflation of 12-17 percent.The monthly reading, which was above median expectations...Read More

Rob McEwen: Only A Matter Of Time Before 'A Tidal Wave Of Money' Flows Into Miners, Gold

January 11, 2018 / www.kitco.com

Editor's Note: View Kitco News' full 2018 outlook coverage (Kitco News)- After what has been described as a frustrating 2017,sentiment in the precious metals mining space is improving and is expected tobuild throughout 2018, according to Kitco News’ top mining CEO of 2017.In an interview with Kitco News, before the results of surveywere calculated, Rob McEwen, CEO of McEwen Mining (NYSE: MUX...Read More

Rob McEwen: Only A Matter Of Time Before 'A Tidal Wave Of Money' Flows Into Miners, Gold

January 11, 2018 / www.kitco.com

Editor's Note: View Kitco News' full 2018 outlook coverage (Kitco News) - After what has been described as a frustrating 2017, sentiment in the precious metals mining space is improving and is expected to build throughout 2018, according to Kitco News’ top mining CEO of 2017.In an interview with Kitco News, before the results of survey were calculated, Rob McEwen, CEO of McEwen Mining (NYSE:...Read More

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