WASHINGTON (Reuters) - U.S. lawmakers struck a deal to reopen the federal government three days into a shutdown prompted by an impasse over immigration and border security, the Senate Democratic leader said on Monday."We will vote today to reopen the government," Minority Leader Chuck Schumer told the Senate.Democrats had insisted that any short-term spending legislation to keep the gove...Read More
* Biotechs Bioverativ, Juno jump after big deals* Validus gains after AIG agrees to buy reinsurer* Senate to vote at noon on extending government funding* Indexes up: Dow 0.26 pct, S&P 0.44 pct, Nasdaq 0.68 pct (Updates to early afternoon)By Sruthi ShankarJan 22 (Reuters) - Wall Street's main indexes were at session highs in afternoon trading on Monday after U.S. senators reached a deal to end...Read More
The gold price remains stable today after sizeable gains last Friday due to the government shutdown in the US but the volatility is expected to pick up later today in the American session when the senate votes on a measure to end the government closure. The Senate will hold the vote to reopen the government by providing 3 weeks of funding and its far from clear whether the republicans will have th...Read More
NEW YORK, Jan 22 (Reuters) - The dollar pared losses against a basket of currencies on Monday, after news that Republican leaders in the U.S. Senate had rounded up enough votes to move a stopgap funding bill that would end a government shutdown.The U.S. government shutdown took effect at midnight on Friday after Democrats and Republicans failed to agree on a last-minute deal to fund government ope...Read More
The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) both jumped to record highs today, despite uncertainty surrounding the government shutdown. While Senate Majority Leader Mitch McConnell has scheduled a vote this afternoon, the latest reports suggest there's no guarantee Democrats and Republicans will strike a deal. Investors are also digesting big healthcare M&A news and looking ahead to the la...Read More
* GRAPHIC-2018 asset returns: * LME/ShFE arb: (Updates with closing prices)By Jan HarveyLONDON, Jan 22 (Reuters) - Copper rose on Monday, leading broad gains across base metals as optimism over the outlook for global growth and supply concerns helped prices recover some of the previous session's losses. After a half-percent drop on Friday, copper prices bounced back nearly 1 percent, while tin cli...Read More
(Kitco News)- Investor interest in silver could be the missing ingredient needed to push gold prices through its recent four-month highs, according to one commodity analyst.Andrew Hecht, the creator of the Hecht Commodity Report, said, in a commentary on Seeking Alpha, that silver's lackluster performance, compared to gold could be one reason why gold is struggling to break above last year's highs...Read More
The Mining Association of Nova Scotia started a public dialogue about the provincial government's Parks and Protected Areas Plan in these pages in the fall. Since then, we have issued a series of news releases, maps, videos and pictures which substantiate that the process for choosing protected areas was not perfect and has created two significant issues. (Visit tmans.ca to see the materials.)...Read More
* Investors appear unruffled by U.S. government shutdown* World shares up slightly; U.S. Senate to vote on funding* U.S. Treasury yields near 3-1/2-year high* Dollar slips vs euro; oil rises By David RandallNEW YORK, Jan 22 (Reuters) - World stocks and U.S. bond markets largely shrugged off a government shutdown in Washington on Monday, although the dollar pulled back and wallowed near three-year...Read More
Mr. Paul Reynolds reportsTRIUMPH GOLD REPORTS DISCOVERY OF TWO NEW GOLD SHOWINGS ON 100% OWNED ANDALUSITE PEAK PROPERTY, BRITISH COLUMBIATriumph Gold Corp. has provided the results of prospecting and geological mapping on the Andalusite Peak property.Highlights of exploration include:Discovery of two new gold-silver-copper occurrences, the Julep and the Gentleman vein (see attached table). The Jul...Read More
* Japan, Europe central bank meetings in focus this week* U.S. government shutdown worries weigh on dollar (Updates prices and market activity to U.S. market open, changes dateline; previous LONDON)By Saqib Iqbal AhmedNEW YORK, Jan 22 (Reuters) - The euro edged higher against the U.S. dollar on Monday, as market participants awaited the outcome of the European Central Bank's meeting on Thursday fo...Read More
Mr. Eric Fier reportsSILVERCREST SUMMARIZES SUCCESSFUL 2017 AND PROVIDES OUTLOOK FOR 2018Silvercrest Metals Inc. has provideda summary of its 2017 results and 2018 outlook for its Las Chispas property located in Sonora, Mexico. N. Eric Fier, CPG, PEng, chief executive officer of Silvercrest, remarked: "Two thousand seventeen was a very successful year for Silvercrest with multiple high-grade disco...Read More
(Adds details on stocks and sectors throughout; updates prices)TORONTO, Jan 22 (Reuters) - Canada's main stock index fell on Monday as losses for the industrial and materials groups offset gains for financial shares.* At 10:56 a.m. EST (15:56 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 29.06 points, or 0.18 percent, to 16,324.4.* The industrials group declined 1.1 percent...Read More
Mr. George Smith reportsCALIBRE MINING RC DRILLING PROGRAM ON THE 100% OWNED PRIMAVERA GOLD-COPPER PORPHYRY DEPOSIT INTERSECTS WIDESPREAD GOLD-COPPER MINERALIZATION, NICARAGUACalibre Mining Corp. has released results of its 2017 reverse circulation drilling program on its 100-per-cent-owned Primavera gold-copper porphyry project in Nicaragua.Highlights: The 2017 RC drilling program consisted of 1...Read More
* 10-year yields hit highest since July 2014 before stabilizing* U.S. government shutdown begins third day By Kate DuguidNEW YORK, Jan 22 (Reuters) - Benchmark Treasury yields hit their highest in more than three years on Monday, as investors largely shrugged off a U.S. government shutdown, anticipating it will not have a significant long-term impact on the world's largest economy.Both Republican...Read More
WASHINGTON, Jan 22 (Reuters) - For details of the U.S. Treasury's auction of 4-week bills on Tuesday, see: (Washington economics newsroom) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee...Read More
Juno Therapeutics Inc (NASDAQ:JUNO) agreed to be bought out by Celgene Corporation (NASDAQ:CELG), confirming last week's reports in the Wall Street Journal. CELG already owns a 9.7% stake in JUNO, but will purchase the remainder of the company in an all-cash deal valued at roughly $9 billion, or $87 per JUNO share -- allowing it access to the Seattle-based firm's CAR-T cancer drug pipeline.At last...Read More
(Adds stocks, updates levels)JOHANNESBURG, Jan 22 (Reuters) - South African markets strengthened on Monday, driven by optimism about the prospects for change under the new leader of the ruling African National Congress (ANC).At 1513 GMT, the rand traded at 12.1100 per dollar, 0.49 percent firmer than its New York close on Friday.The ruling ANC discussed last week removing President Jacob Zuma as...Read More
A measure of national economic activity calculated at the Chicago Federal Reserve gained in December with a particular push from factories. Housing and other components in the index softened. The Chicago Fed's index of national economic activity rose to a positive 0.15 last month from a downwardly revised positive 0.11 in November, the central bank branch reported Monday. October's reading of posi...Read More
(Kitco News)- For the fifth consecutive week,hedge funds continue to buy gold in a weak U.S. dollar environment.However, while there issubstantial bullish sentiment within the gold market, analysts are warning thatmomentum could be fading as bearish positions start to build.“There is underlying demand inthe gold market that is visible but the speed at which speculative longpositions have bui...Read More