Recent News

UPDATE 1-Argentina central bank cuts benchmark interest rate to 27.25 pct

January 23, 2018 / www.kitco.com

(Adds quotes and details from central bank statement, background on Argentina economy)BUENOS AIRES, Jan 23 (Reuters) - Argentina's central bank cut its policy rate to 27.25 percent on Tuesday from 28 percent previously, the monetary authority said in a statement, the second straight cut since the government relaxed its inflation target.The move comes after central bank Governor Federico Sturzeneg...Read More

Japan's Largest #Bitcoin Exchange Launches In Europe | Zero Hedge

January 23, 2018 / www.zerohedge.com

BitFlyer - the largest exchange in the world with up to 30% of the global market and controls 80% of bitcoin trading in Japan - is launching its European service on Tuesday, after it received a license from Europe's financial regulator.Read full newsRead More

GLOBAL MARKETS-Upbeat earnings lift stocks, dollar slips to 3-yr low

January 23, 2018 / www.kitco.com

* U.S. stocks up edge higher in midday trading* World stocks hits record again* Treasury yields fall in line with Japanese govt bond yields (Updates to U.S. afternoon trading, adds oil price settlements)By Caroline ValetkevitchNEW YORK, Jan 23 (Reuters) - World stock markets broadly edged higher on Tuesday, with the U.S. market getting a lift from upbeat earnings from companies such as Netflix, wh...Read More

Deltex Medical slides after issuing shares at 1.25p a pop

January 23, 2018 / www.proactiveinvestors.co.uk

Deltex Medical Group plc (LON:DEMG) saw its shares slide 0.2p to 1.35p after it cashed in on recent share price strength.The company, which makes oesophageal Doppler monitoring medical devices, raised ?1.75mln (gross) through the issue of 140mln shares at 1.25p a pop.The placing price was the minimum level at which the shares were to be issued, according to an earlier statement from Deltex.The fu...Read More

Steel Stocks See Heavy Options Trading Ahead of Earnings

January 23, 2018 / www.schaeffersresearch.com

AK Steel Holding Corporation (NYSE:AKS) will report earnings before the open next Tuesday, Jan. 30, and just a day later fellow steel stock United States Steel Corporation (NYSE:X) will be in the earnings spotlight, as well. Both these stocks are experiencing accelerated options trading today, while the steel industry awaits its own decision on import tariffs from the White House. AKS Options Trad...Read More

Gold price: ETF holdings jump to near 5-year high

January 23, 2018 / www.mining.com

On Tuesday, gold climbed back towards the $1,340 an ounce level bringing gains since mid-December to nearly $100 an ounce or 8%. Large-scale speculators have been increasing their exposure to gold on derivatives markets doubling net long positions - bets that gold will be more expensive in future - in the space of three weeks to the equivalent of 20m ounces. Retail and institutional investment i...Read More

Gold price: ETF holdings jump to near 5-year high

January 23, 2018 / www.mining.com

On Tuesday, gold climbed back towards the $1,340 an ounce level bringing gains since mid-December to nearly $100 an ounce or 8%. Large-scale speculators have been increasing their exposure to gold on derivatives markets doubling net long positions - bets that gold will be more expensive in future - in the space of three weeks to the equivalent of 20m ounces. Retail and institutional investment i...Read More

Argentina central bank cuts benchmark interest rate to 27.25 pct

January 23, 2018 / www.kitco.com

BUENOS AIRES, Jan 23 (Reuters) - Argentina's central bank cut its policy rate to 27.25 percent on Tuesday from 28 percent previously, the monetary authority said in a statement, the second straight cut since the government relaxed its inflation target.The move comes after central bank Governor Federico Sturzenegger told reporters he expected regulated prices for services like utilities and transpo...Read More

Analyst: Ethereum Will Drive Growth for Nvidia Stock

January 23, 2018 / www.schaeffersresearch.com

The U.S. stock market has set fresh record highs again today, amid the latest batch of corporate earnings reports. Among specific equities on the move are casino name Wynn Resorts, Limited (NASDAQ:WYNN), renewable energy installer Vivint Solar Inc (NYSE:VSLR), and chipmaker Nvidia Corporation (NASDAQ:NVDA). Here's a quick roundup of how shares of WYNN, VSLR, and NVDA are trading today.Wynn Resorts...Read More

UPDATE 1-Investors load up on U.S. 2-year note supply

January 23, 2018 / www.kitco.com

(Adds market reaction, analyst comments, graphic)By Richard LeongNEW YORK, Jan 23 (Reuters) - Investors scrambled to buy $26 billion of U.S. two-year government notes on Tuesday, signaling some support for the bond market which has wobbled on worries about rising domestic inflation and less stimulus among overseas central banks.Expectations the Federal Reserve may raise key short-term borrowing c...Read More

TREASURIES-Yields slide in line with Japan government bonds, after BoJ decision

January 23, 2018 / www.kitco.com

* BoJ keep rates unchanged, sticks to easy policy* Central banks in focus this week* U.S. 2-year note auction attracts strong demand (Adds comment, U.S. 2-year note auction results, updates price, table)By Gertrude Chavez-DreyfussNEW YORK, Jan 23 (Reuters) - U.S. Treasury debt yields weakened on Tuesday in quiet trading, moving in tandem with Japanese government bond yields, after the Bank of Japa...Read More

Granada Announces Private Placement

January 23, 2018 / bit.ly

Granada Gold Mine Inc. (TSXV:GGM) ("Granada Gold" or the "Company") announces a non-brokered private placement offering of up to 4,000,000 units ("Units") at a price of $0.25 per Unit for gross proceeds of up to $1,000,000.Read full newsRead More

ML Gold Begins Drilling at Stars

January 23, 2018 / bit.ly

ML Gold Corp. (TSXV:MLG) ('ML Gold' or the 'Company') is pleased to report it has intersected three long intervals with visible copper sulphide in the second, third, and fourth drill holes at its ongoing program at the Stars Project near the Huckleberry Mine in central BC.Read full newsRead More

ICBC: Gold Market Due For A Correction

January 23, 2018 / www.kitco.com

(Kitco News)- Whilethere is still long-term bullish potential, the market is at risk for apullback as prices have run too far, too fast, according to the world’s largestbank.Tuesday,in a note to clients, Marcus Garvey, senior manager at ?ICBC Standard Bank,said that he is particularly concerned with gold as the market is now moving intandem with interest rates. Historically, rising interest...Read More

CIA Believes North Korea Weapons Aimed At Coercion, Not Just Defense: Pompeo

January 23, 2018 / www.kitco.com

David Brunnstrom, Warren StrobelWASHINGTON (Reuters) - The CIA believes North Korea’s missile program is aimed at coercion, not just self-defense, and that Pyongyang’s next logical step would be to develop an arsenal of weapons and the capability to fire multiple missiles at the United States, the agency’s director Mike Pompeo said on Tuesday.Speaking at the American Enterprise I...Read More

UPDATE 4-Tesla sets massive stock awards for Musk based on boosting market value

January 23, 2018 / www.kitco.com

* Musk pay based on market cap, operational milestones* CEO to receive no guaranteed compensation of any kind (Recasts; adds background on competition, capital raise, analyst comment, updates shares)By Subrat Patnaik and Alexandria SageBANGALORE/SAN FRANCISCO, Jan 23 (Reuters) - Silicon Valley billionaire Elon Musk could earn as much as $55.8 billion in Tesla Inc stock and own more than a quarter...Read More

Renforth Extends Parbec Gold Deposit Strike 60m with Gold in All 7 Drillholes

January 23, 2018 / bit.ly

Renforth Resources Inc. (CSE:RFR) ("Renforth" or the "Company") is pleased to announce that December 2017 drilling has extended the mineralized resource model horizons at Parbec by 60m on strike to the NW with gold intersected in each of seven holes.Read full newsRead More

Shutdown-Ending Bill Seen Expanding U.S. Debt By $31 Billion In Decade

January 23, 2018 / www.kitco.com

WASHINGTON (Reuters) - The stopgap funding bill passed by the U.S. Congress to end the government shutdown will add $31.3 billion to the national debt over a decade, congressional tax analysts said on Tuesday.In another instance of the Republican-controlled Congress running up debt on the Treasury Department credit card, the Joint Committee on Taxation pointed to healthcare tax cuts included in th...Read More

North Korea, U.S. Clash At Disarmament Forum Over Nuclear Arms

January 23, 2018 / www.kitco.com

Stephanie NebehayGENEVA (Reuters) - North Korea said on Tuesday it had a “powerful and reliable” nuclear deterrent to thwart any attack and accused the United States of deploying military assets nearby under the pretext of ensuring security at the Pyeongchang Winter Olympics.FILE PHOTO: North Korea's ambassador to the United Nations Han Tae Song attends an interview with Reuters at the...Read More

Lawmakers Scramble On Immigration As Government Shutdown Paused

January 23, 2018 / www.kitco.com

WASHINGTON (Reuters) - U.S. lawmakers on Tuesday sought a way forward on an immigration deal including protection for “Dreamer” immigrants and border security before federal funding runs out again next month.On Monday, the Republican-led Congress passed a measure signed into law by President Donald Trump to fund the federal government through Feb. 8 following a three-day shutdown. But...Read More

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