Subscribers to Schaeffer's PowerTrend service more than quadrupled their money on our Boeing Co (NYSE:BA) January 19, 2018 235-strike call recommendation. Here's a quick breakdown of what put BA stock on our bullish radar, and how the winning options trade unfolded.When we recommended the call option back on Sept. 14, the Dow stock was in the middle of a long-term uptrend, boasting a 55% year-to-d...Read More
(Kitco News) - Gold and silver prices both hit 4.5-month highs and ended the U.S. day sessionmoderately higher Thursday. An eroding U.S. dollar and a rallying crude oilmarket are bullish outside elements boosting the metals. February Comex gold was last up $7.40 an ounce at $1,363.80. March Comex silver was last up $0.136at $17.625 an ounce.TheU.S. Dollar Index was solidly lower and hit another 3....Read More
(Kitco News) - Gold and silver prices both hit 4.5-month highs and ended the U.S. day session moderately higher Thursday. An eroding U.S. dollar and a rallying crude oil market are bullish outside elements boosting the metals. February Comex gold was last up $7.40 an ounce at $1,363.80. March Comex silver was last up $0.136 at $17.625 an ounce.The U.S. Dollar Index was solidly lower and hit anothe...Read More
Luis Tondo, president and chief executive of Coro Mining Corp (CVE:COP), discusses with Proactive encouraging results from their Marimaca copper project in Chile, plus adds further detail to the news that they've bought more claims next to the property.Drill results have been received for all 12 holes on the La Atomica claim, which adjoins Marimaca to the northwest, and for seven scout holes drill...Read More
ZAGREB, Jan 25 (Reuters) - Croatia will offer 800 million kuna ($134.62 million) worth of treasury bills at an auction next week, the Finance Ministry said on Thursday.The ministry will offer only one-year paper at the Jan. 30 auction, as it did this week. Occasionally it also offers bills of three-month and six-month maturities and those denominated in euros.This week's auction surpassed its targ...Read More
NEW YORK, Jan 25 (Reuters) - The U.S. Treasury Department on Thursday sold $28 billion of 7-year government notes to the strongest demand since April at a yield of 2.565 percent, the highest yield at an auction of this maturity since April 2011, Treasury data showed.The ratio of bids to the amount of seven-year Treasury supply offered was 2.73, matching the level set 13 months ago. This gauge of o...Read More
Ray Gibbs, chief executive of Haydale Graphene Industries PLC (LON:HAYD), caught up with Proactive following their half-year trading update for the six months to the end of December 2017.Haydale reported a sharp pick-up in sales helped by the separation of its business into two units.Revenues rose by 67% to ?2.49mln ( ?1.49mln). Meet Reward Minerals Ltd, Recce Ltd, Rimfire Pacific Min...Read More
(Adds quotes, details, background)By Chijioke OhuochaLAGOS, Jan 25 (Reuters) - Nigeria will consider raising $2.5 billion through Eurobonds in the first quarter to refinance a portion of its domestic treasury bill portfolio at lower cost, the head of the Debt Management Office told Reuters on Thursday.Patience Oniha said the country will also try to get back into the JP Morgan Government Bond Ind...Read More
* GRAPHIC-2017 asset returns: * LME/ShFE arb: (Adds closing prices)By Zandi ShabalalaLONDON, Jan 25 (Reuters) - Zinc and nickel rallied to multi-year highs on Thursday on a softer dollar and steadily declining inventories in London Metal Exchange-approved warehouses.Lead also rose to its highest in over seven years but ended the day lower. The dollar skidded against other major currencies on Thurs...Read More
Proceeds from the private placement and financing will be used for exploration and development of the junior miner's projects in Colombia and Nicaragua.Read full newsRead More
Asian shares traded lower Thursday after Trump administration officials' rhetoric on trade and the dollar roiled financial markets, sending the U.S. currency to its lowest level in three years and whipsawing stocks that had been buoyed by strong earnings.Read full newsRead More
Gold could hit levels last seen in 2013 if the dollar extends its slide and equity markets reverse.Read full newsRead More
Yesterday, gold won an influential supporter in the White House. Who is he?The enemy of gold's enemy is gold's friendAs the ancient proverb goes, my enemy's enemy is my friend. Although it is usually employed in foreign policy, this concept also applies to finance. Given the negative correlation between the greenback and gold, the enemies of the U.S. dollar are generally gold's friends.U.S. Treasu...Read More
LISBON, Jan 25 (Reuters) - Portugal's public sector deficit shrank 38 percent to 2.57 billion euros ($3.21 billion) last year, with revenues coming in well above the levels budgeted for the year, although expenditure also exceeded the plan to a lesser extent.The finance ministry said in a statement on Thursday the primary balance, excluding debt costs, reached a surplus of more than 5.7 billion eu...Read More
SANTIAGO, Jan 25 (Reuters) - Chile's state-owned Codelco , the world's largest copper miner, said on Thursday it had received environmental approvals for a revised plan to extend the working life of its century-old El Teniente copper mine.The approvals will allow the company to modify its original expansion plan, already permitted and now 44 percent complete, which seeks to add another, deeper lev...Read More
MILAN, Jan 25 (Reuters) - European Central Bank supervisors want lenders to reduce the weight of their soured loans to a single digit percentage of total debts fairly quickly, the head of Italy's fifth-largest bank said.Italian banks are under pressure to cut loans that turned sour due to an economic slump and still account for 16 percent of total lending three years after the recession ended.Ital...Read More
LAGOS, Jan 25 (Reuters) - Nigeria will consider raising $2.5 billion through Eurobonds in the first quarter to refinance a portion of its domestic treasury bill portfolio at lower cost, the head of the Debt Management Office told Reuters on Thursday.Patience Oniha said the country will also try to get back into the JP Morgan Government Bond Index (GBI-EM), with improving liquidity in the local cur...Read More
In morning trade on Thursday, gold jumped to its best level since August 2016 touching a high of $1,365.40 an ounce after comments from US Treasury Secretary Steven Mnuchin at the World Economic Forum in Davos Switzerland sent the dollar lower.But the metal reversed course in the afternoon after US President Donald Trump told CNBC that Mnuchin's comments had been misinterpreted:"The dollar is g...Read More
In morning trade on Thursday, gold jumped to its best level since August 2016 touching a high of $1,365.40 an ounce after comments from US Treasury Secretary Steven Mnuchin at the World Economic Forum in Davos Switzerland sent the dollar lower.But the metal reversed course in the afternoon after US President Donald Trump told CNBC that Mnuchin's comments had been misinterpreted:"The dollar is g...Read More
By John McCrankNEW YORK, Jan 25 (Reuters) - Nasdaq Inc and NYSE, which operates the New York Stock Exchange, have said they will appeal the U.S. Securities and Exchange Commission's decision to allow rival Cboe Global Markets to compete for end-of-day stock orders.The SEC on Jan. 17 approved Cboe's plan to offer brokers an order type that would give them the same official closing auction prices fr...Read More