Recent News

Western Copper and Gold Amends Private Placement

January 25, 2018 / bit.ly

Western Copper and Gold Corporation ("Western" or the "Company")(TSX:WRN, NYSE AMERICAN:WRN) announces that it has amended the terms of the non-brokered private placement announced on January 22, 2018.Read full newsRead More

UPDATE 1-UBI CEO says ECB wants single-digit soured loan ratio "fairly" soon

January 25, 2018 / www.kitco.com

(Adds details)By Andrea MandalaMILAN, Jan 25 (Reuters) - European Central Bank supervisors want euro zone lenders to reduce the weight of impaired loans so it falls below 10 percent of total debts fairly quickly, the head of Italy's fifth-largest bank UBI said on Thursday.The ECB is pressuring European lenders to tackle a $1 trillion pile of debts that turned sour due to an economic slump. In Ita...Read More

GLOBAL MARKETS-Dollar rises, stocks pare gains after Trump talks up U.S. currency

January 25, 2018 / www.kitco.com

* Greenback recovers after Trump says he wants 'strong dollar'* Oil up on tight supply and weak dollar, Brent passes $71* Wall St surrenders gains after Trump talks up dollar (Updates with reaction to Trump comments on dollar)By Caroline ValetkevitchNEW YORK, Jan 25 (Reuters) - The dollar reversed losses and U.S. stocks relinquished gains after U.S. President Donald Trump backed a strong dollar.Th...Read More

Gold recedes from multi-month tops near $1,370/oz

January 25, 2018 / www.fxstreet.com

- Bullion retreats from highs around $1,370/oz. - USD weakness remains the sole driver of the upside. - Focus on Trump’s speech at Davos. The upbeat sentiment around the yellow metal stays unabated so far this week, with the ounce troy hovering over the $1,370 area, or multi-month tops. Gold gains capped just below $1,370 The increasing selling pressure around the greenback has been the sole...Read More

Stop Comparing Bitcoin To Gold, It's No Contest - World Gold Council

January 25, 2018 / www.kitco.com

(Kitco News) - Bitcoin and cryptocurrencies should not be considered asubstitute for gold, according to the World Gold Council.In a report published Thursday, the WGC said that goldpossesses several characteristics that differentiate it from digitalcurrencies. The most notable factor is that cryptocurrencies have yet to provetheir worth as a strategic component to a portfolio, unlike gold. “...Read More

Stop Comparing Bitcoin To Gold, It's No Contest - World Gold Council

January 25, 2018 / www.kitco.com

(Kitco News) - Bitcoin and cryptocurrencies should not be considered a substitute for gold, according to the World Gold Council. In a report published Thursday, the WGC said that gold possesses several characteristics that differentiate it from digital currencies. The most notable factor is that cryptocurrencies have yet to prove their worth as a strategic component to a portfolio, unlike gold. &...Read More

FOREX-Dollar reverses losses after Trump comments; euro pares gains

January 25, 2018 / www.kitco.com

* Dollar reverses losses after Trump comments* ECB keeps ultra-easy policy firmly on hold (Updates prices, market activity, adds comment)By Stephanie KellyNEW YORK, Jan 25 (Reuters) - The U.S. dollar reversed losses on Thursday when President Donald Trump said he wanted a "strong dollar," a day after Treasury Secretary Steven Mnuchin said he welcomed a weaker greenback, which moved the c...Read More

Komet - Closing of the First Tranche of a Private Placement

January 25, 2018 / bit.ly

Komet Resources Inc. (TSX VENTURE:KMT) ('Komet' or the 'Company') is pleased to announce that it has closed the first tranche of a non-brokered private placement with accredited investors as well as with a director of Komet (the 'Insider') by issuing 1,600,500 units (the 'Units') at a price of $0.37 per Unit, for total gross proceeds to Komet of $592,585.Rea...Read More

Brazil's Meirelles sees short-term impact on dollar from Mnuchin comments

January 25, 2018 / www.kitco.com

SAO PAULO, Jan 25 (Reuters) - Brazil's Finance Minister Henrique Meirelles said on Thursday that recent statements by the U.S. Treasury Secretary about the dollar would impact its exchange rate over the short term. Many emerging currencies hit multi-year highs against the greenback Thursday, with the dollar index languishing at more than three-year lows after U.S. Treasury Secretary Steven Mnuchin...Read More

USD/CHF Under Long-term Support!

January 25, 2018 / www.marketslant.com

Earlier today, the greenback declined to the lowest level against the Swiss franc since mid-September 2017, which resulted in a small drop under the long-term support line. Is this a sign of bigger move to the downside or just a trap?EUR/USD The first thing that catches the eye on the daily chart is a tiny breakout above the upper border of the blue consolidation and a fresh 2018 high. Although th...Read More

Smith & Nephew tops the Footsie after upgrade from JP Morgan Cazenove

January 25, 2018 / www.proactiveinvestors.co.uk

Health technologies large and small were in focus on Thursday.Smith & Nephew PLC (LON:SN), the replacement hip and knee joints specialist, was up 3.9% at 1,290p, topping the Footsie, after JP Morgan Cazenove abandoned its neutral position on the stock and recommended its clients be overweight the stock.Cazenove has increased its price target to 1,411p from 1,369p.Somewhat further down the scal...Read More

Weight Watchers Put Options Pop After Oprah Denies Presidential Bid

January 25, 2018 / www.schaeffersresearch.com

Weight Watchers International, Inc. (NYSE:WTW) is trading lower today, after Oprah Winfrey clarified that she was not interested in a presidential run in 2020. Considering Winfrey holds a major stake in WTW, the stock is down 3.3% on the news to trade at $65.15 today, on track for its worst single-day session of the new year, and put traders are pouncing. WTW's struggles today may not be entirel...Read More

UPDATE 5-U.S. President Trump talks up dollar in Davos

January 25, 2018 / www.kitco.com

* Trump says wants to see a strong dollar* Mnuchin says U.S. does not want trade war* European finance ministers express concern about trade war (Adds market action following Trump's comment, dollar index movement and background)By Noah Barkinand Yara BayoumyDAVOS, Switzerland, Jan 25 (Reuters) - U.S. President Donald Trump said on Thursday he ultimately wants the dollar to be strong, lifting the...Read More

Trump Says U.S. Would Consider Remaining In TPP: CNBC Interview

January 25, 2018 / www.kitco.com

WASHINGTON (Reuters) - The United States would stay in the Trans-Pacific Partnership, also known as TPP, if American negotiators were able to create a better agreement, U.S. President Donald Trump said on Thursday.“I would do TPP if we made a much better deal than we had. We had a horrible deal,” Trump said in an interview with CNBC from the World Economic Forum in Davos, Switzerland.R...Read More

TREASURIES-Prices gain on Trump's dollar comment, strong U.S. note auction

January 25, 2018 / www.kitco.com

* Trumps says he wants strong dollar* U.S. 7-year note auction results show strong demand* ECB's Draghi says euro zone inflation to rise in medium term (Recasts, adds comment, 7-year note auction results, Trump's dollar remarks; updates table, prices in text)By Gertrude Chavez-DreyfussNEW YORK, Jan 25 (Reuters) - U.S. Treasury debt prices rose on Thursday, boosted by solid demand for 7-year notes...Read More

Drug Stock Heads for Best Day in Years on DMD Data

January 25, 2018 / www.schaeffersresearch.com

The U.S. stock market has carved out fresh all-time highs today on the back of some well-received blue-chip earnings. Among individual equities making big moves are biotech Summit Therapeutics PLC (NASDAQ:SMMT), cloud concern Nutanix Inc (NASDAQ:NTNX), and Rubbermaid parent Newell Brands Inc (NYSE:NWL). Here's a quick look at how shares of SMMT, NTNX, and NWL are trading.Summit Therapeutics Gaps A...Read More

Gold ends at highest since summer 2016, then falls in electronic trading

January 25, 2018 / www.marketwatch.com

Gold settled at a level not seen in more than a year on Thursday, as prices built on a steep rally a day earlier, fueled by weaker-dollar sentiment from the Trump administration. But prices for the precious metal moved lower in electronic trading Thursday afternoon as a leading index for the U.S. dollar clawed back up from their lowest levels in three years after President Donald Trump told CNBC...Read More

UPDATE 1-Bank of England says technology glitches hit limited number of transactions

January 25, 2018 / www.kitco.com

(Adds detail)LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday it was experiencing intermittent technology problems that are indirectly affecting its ability to process a limited number of transactions for wholesale counterparties."We have implemented workarounds to enable the Bank to operate as normal, including completing wholesale transactions in as timely a way as possible,...Read More

Analysts Remain Bullish On Wavering Tobacco Stocks

January 25, 2018 / www.schaeffersresearch.com

Cigarette stock Philip Morris International Inc. (NYSE:PM) is sinking today, on news a Food and Drug Administration (FDA) panel voted against the company's health claim for its electronic smoking devices. Sector peer Altria Group, Inc. (NYSE:MO) is getting pulled lower, too, as a result. Yet a closer look at PM and MO proves analysts and options traders are expecting the stocks to go higher. At la...Read More

Donald Trump's Strong Dollar Comments Push Gold Prices To Session Lows

January 25, 2018 / www.kitco.com

(Kitco News)- Gold prices have fallen to session lows as President DonaldTrump showed his support for a strong U.S. dollar.In an interview with CNBC at the World Economic Forum inDavos Switzerland, Trump said that he wants to see a stronger U.S. dollar,adding that Wednesday’s comments from Treasury Secretary Steven Mnuchin weretaken out of context.“The dollar is going to get stronger a...Read More

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