Recent News

Renforth Commences Drill Program on Parbec Gold Property

January 11, 2018 / bit.ly

Renforth Resources Inc. (CNSX:RFR) ("Renforth" or the "Company") is pleased to announce that the January 2018 drill program at Parbec has commenced.Read full newsRead More

U.S. runs December budget deficit of $23 billion, Treasury says

January 11, 2018 / www.marketwatch.com

AFP/Getty ImagesThe Treasury Department says the U.S. budget deficit is up 7% for the fiscal year to date. The numbers: The federal government ran a budget deficit of $23 billion in December, according to the Treasury Department, down $4 billion from the same month a year ago. Spending rose by $2 billion to $349 billion, while revenues climbed by $7 billion to $326 billion in the month. What h...Read More

Call Buyers Circle Red-Hot Valeant, Netflix

January 11, 2018 / www.schaeffersresearch.com

The 20 stocks listed in the table below have attracted the highest total options volume during the past 10 trading days. Stocks highlighted in yellow are new entries to the list. Data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Two names to note are drugmaker Valeant Pharmaceuticals Intl Inc (NYSE:VRX) and streaming giant Netflix, Inc. (NASDAQ:NFLX). Below, we'll break dow...Read More

TREASURIES-U.S. bonds recover after China denies reductions

January 11, 2018 / www.kitco.com

(Adds auction results, quote; updates prices)* China disputes bond holding report* ECB indicates may change policy message* Treasury sees strong demand for 30-year bonds By Karen Brettell and Kate DuguidNEW YORK, Jan 11 - Treasury yields fell on Thursday after China disputed a report that its government officials had recommended the country slow or halt its purchases of U.S. bonds.China is diver...Read More

PRECIOUS-Gold nears 4-month highs after hawkish ECB boosts euro

January 11, 2018 / www.kitco.com

* ECB hints at tighter monetary policy* Dollar falls on weak U.S. inflation, more jobless claims* Gold up more than $80 since mid-December (Recasts lead paragraph, updates prices; adds comment, NEW YORK to dateline)By Renita D. Young and Peter HobsonNEW YORK/LONDON, Jan 11 (Reuters) - Gold prices on Thursday approached a four-month high set on the previous day after minutes of a European Central B...Read More

Gold prices mark highest settlement since mid-September

January 11, 2018 / www.marketwatch.com

Gold prices edged higher Thursday to settle at a four-month high as the U.S. dollar took a turn lower for the week. February gold GCG8, +1.19% tacked on $3.20, or 0.2%, to settle at $1,322.50 an ounce-the highest finish for a most-active contract since Sept. 15, FactSet data showed. The exchange-traded SPDR Gold Shares GLD, +1.21% was up 0.4%. Gold has seen its "biggest start to a month since...Read More

Trump expects his physical to go well Friday

January 11, 2018 / www.kitco.com

WASHINGTON, Jan 11 (Reuters) - U.S. President Donald Trump said on Thursday he expects a physical examination he is to undergo on Friday to go well and that he would be surprised if it did not.Answering questions from reporters after an event on prison reform at the White House, Trump said with a chuckle that if it does not go well, the stock market would take a hit."I think it's going to go...Read More

Argentina says nationwide inflation 24.8 pct in 2017

January 11, 2018 / www.kitco.com

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 between 12-17 percent.In greater Buenos Aires, which had been used as a proxy for the country's inflation before the Indec statistics agency launched a nationwide i...Read More

Intesa's change of plan on bad loans driven by ECB tough line-sources

January 11, 2018 / www.kitco.com

By Gianluca Semeraro and Valentina ZaMILAN, Jan 11 (Reuters) - Intesa Sanpaolo's sudden change of plan for tackling bad debts was driven by the European Central Bank's tough line on problem loans, sources familiar with the matter said.Intesa on Wednesday said it was in talks on a possible sale of its debt collection business and a bad loan portfolio to Swedish credit servicing group Intrum Justiti...Read More

Gold Lifted By Bullish Outside Market Forces

January 11, 2018 / www.kitco.com

(Kitco News) - Gold prices ended the U.S. day session moderately higher Thursday. The preciousmetal was lifted by a lower U.S. dollar index and by higher crude oil pricesthat hit a three-year high today. Some technical buying is also featured ingold, as the near-term chart posture is getting more bullish. February Comex gold was last up $3.80 an ounce at $1,323.00. March Comex silver was last down...Read More

Gold Lifted By Bullish Outside Market Forces

January 11, 2018 / www.kitco.com

(Kitco News) - Gold prices ended the U.S. day session moderately higher Thursday. The precious metal was lifted by a lower U.S. dollar index and by higher crude oil prices that hit a three-year high today. Some technical buying is also featured in gold, as the near-term chart posture is getting more bullish. February Comex gold was last up $3.80 an ounce at $1,323.00. March Comex silver was last d...Read More

UPDATE 1-Tivo hits Comcast with new round of patent lawsuits

January 11, 2018 / www.kitco.com

(Adds statement from Comcast)By JanWolfeJan 11 (Reuters) - Tivo Corp has again sued cable operator Comcast Corp of using its patented interactive programming technology without authorization, the latest salvo in the companies' long-running royalty dispute.Tivo filed lawsuits in Boston and Los Angeles on Wednesday, saying Comcast's X1 video recording system infringed on patents describing function...Read More

Asia Morning Call-Global Markets

January 11, 2018 / www.kitco.com

Jan 12 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,067.60 -29.10NZX 50**8,250.44 -114.460DJIA25,518.7 149.57NIKKEI**23,710.43-77.77Nasdaq7,202.14748.58 FTSE**7,762.94 14.43S&P 500 2,763.36 15.13 Hang Seng** 31,120.3946.67SPI 200 Fut 6020 7 STI** 3,512.68 -7.77SSEC**3,425.57 3.74KOSPI** 2,487.91 -11.84----------------------------------------------------------------...Read More

UPDATE 1-Dropbox files confidentially for U.S. IPO - source

January 11, 2018 / www.kitco.com

(Changes sourcing)Jan 11 (Reuters) - Data-sharing business Dropbox Inc has filed confidentially for a U.S. initial public offering, a source close to the matter said on Thursday.The IPO will be led by Goldman Sachs Group Inc and JPMorgan Chase & Co , Bloomberg reported earlier, citing people familiar with the matter.( )Reuters reported in June that the company, valued at almost $10 billion in...Read More

Pubs and properties on the menu for Friday

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

It's all about a City boy's two favourite (legal) things on Friday: pubs and properties.Housebuilder Bovis Homes Group PLC (LON:BVS) will come to the market with a trading statement, hot on the heels of several of its peers which have all updated investors this week.Traders became a little tetchy over margins when Barratt Developments PLC (LON:BDEV) gave its first half update on Thursday, so Bovis...Read More

CORRECTED-US STOCKS-Wall Street hits record as oil, industrial stocks gain

January 11, 2018 / www.kitco.com

(Corrects para 16 to say jobless claims 'increased', not 'fell', for the fourth straight week)* Oil at 3-year high, lifts energy stocks* Airline stocks rise after Delta's upbeat forecast* Cheaper services weigh on producer prices; jobless claims up* Indexes up: Dow 0.47 pct, S&P 0.37 pct, Nasdaq 0.4 pct By Sruthi ShankarJan 11 (Reuters) - Wall Street surged to fresh highs on Thursday as risi...Read More

6 Signs of Extreme Stock Market Optimism

January 11, 2018 / www.schaeffersresearch.com

Coming off a historical 2017, the U.S. stock market has started 2018 with a bang. In fact, the Dow, S&P 500 Index (SPX), and Nasdaq Composite (IXIC) each hit new record highs in each of the first six trading sessions of the year -- a first-time feat for the major benchmarks. Against this backdrop, several sentiment indicators are pointing to levels of extreme optimism in the stock market. However,...Read More

U.S. awards indirect bidders record share at 30-year bond sale

January 11, 2018 / www.kitco.com

NEW YORK, Jan 11 (Reuters) - Indirect bidders, including fund managers and foreign central banks, bought a record share of $12 billion of 30-year government bonds offered by the Treasury Department on Thursday, Treasury data showed.Their purchases, in percentage terms, at the latest 30-year bond auction made up 71.49 percent, resulting in a yield of 2.867 percent, the highest yield at a 30-year au...Read More

Baltic Exchange to develop LNG freight index with ship brokers

January 11, 2018 / www.kitco.com

LONDON, Jan 11 (Reuters) - The Baltic Exchange is looking into launching a freight index for liquefied natural gas (LNG) and is working with leading ship brokers to explore potential shipping routes that might be used as the LNG market grows, the company said on Thursday.Founded in 1744 as a forum for chartering vessels, the Baltic Exchange now produces benchmark indexes for global shipping rates,...Read More

Bank Earnings Highlight Holiday-Shortened Week

January 11, 2018 / www.schaeffersresearch.com

For the second time already this year, Wall Street looks ahead to a holiday-shortened week. However, that's not to say it will be a quiet week, as earnings season begins to rev up. A handful of financial companies will step up to the plate, with the likes of American Express (AXP), Bank of America (BAC), Goldman Sachs (GS), and Morgan Stanley (MS) headlining the bunch. Dow members IBM (IBM) and Un...Read More

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