Recent News

Premier addresses RHA issue but looks ahead to 2018

January 02, 2018 / www.proactiveinvestors.co.uk

George Roach, CEO of Premier African Minerals Ltd (LON:PREM) tells Proactive of plans to float off its Zulu lithium project in Zimbabwe. Premier is approaching its 51% partner in RHA to assist in facilitating a long-term solution for the tungsten project following the loss of a third of its share value. George also tells Proactive how political changes in Zim could bode well for investors.  M...Read More

UPDATE 1-Weatherford shares plummet after company scraps OneStim venture

January 02, 2018 / www.kitco.com

(Updates share prices, adds analyst comment)By Liz HamptonHOUSTON, Jan 2 (Reuters) - Shares of Weatherford International Plc fell 18 percent on Tuesday after the oilfield services companyabandoned a proposed joint venture with Schlumberger and instead sold its hydraulic fracturing business to Schlumberger, a bigger rival.The deal with Schlumberger, worth $430 million, gave Weatherford roughly $10...Read More

CORRECTED-CANADA STOCKS-TSX up as gold miners, pot stocks gain

January 02, 2018 / www.kitco.com

(Corrects headline, first paragraph to show index slightly higher in morning trade, not lower)* TSX up 5.91 points, or 0.04 percent, to 16,215.04* Six of the TSX's 10 main groups move lower TORONTO, Jan 2 (Reuters) - Canada's main stock index was slightly higher in morning trade on Tuesday, with gold miners and marijuana producers pushing higher while financial stocks weighed. * At 10:03 a.m. ET...Read More

New loan for Midatech promises greater profitability

January 02, 2018 / www.proactiveinvestors.co.uk

Midatech Pharma Plc (LON:MTPH, NASDAQMTP) boss tells us how the company has secured a US$15mln, four-year senior loan facility that will be used to bankroll the clinical development of two promising cancer drug candidates. The funding has come via MidCap Financial, a middle market finance house, and Midtech has drawn down an initial US$7mln of the facility. CEO Jim Phillips tells Proactive what th...Read More

PRECIOUS-Gold prices extend rally as palladium touches record high

January 02, 2018 / www.kitco.com

* Dollar starts 2018 on back foot, still boosting gold* Spot gold chart shows overbought conditions-technicals* Palladium hits record after 56 pct rally in 2017 (Updates prices, comment; adds byline, NEW YORK dateline)By Chris Prentice and Jan HarveyNEW YORK/LONDON, Jan 2 (Reuters) - Gold extended its rally into the new year on Tuesday, touching late September highs on a softer U.S. dollar, while...Read More

GLOBAL MARKETS-Global equity markets rise in new year, dollar falls

January 02, 2018 / www.kitco.com

* European stocks close lower* U.S. stocks higher, boosting global shares* Euro, sterling gain while dollar drops (Updates to European market close; adds commentary)By Stephanie KellyNEW YORK, Jan 2 (Reuters) - European stocks closed lower on Tuesday, the first trading day of 2018, while Wall Street advanced and the U.S. dollar fell to its weakest in over three months against key currencies. MSCI'...Read More

Argentina says December tax revenue was $12.61 bln

January 02, 2018 / www.kitco.com

BUENOS AIRES, Jan 2 (Reuters) - Argentina collected 235.210 billion pesos ($12.61 billion) in tax revenue in December, the AFIP tax agency said on Tuesday, bringing the total take for 2017 to 2.537 trillion pesos ($136.07 billion). (Reporting by Walter Bianchi; Writing by Hugh Bronstein; Editing by Chris Reese) Disclaimer: The views expressed in this article are those of the author and may not re...Read More

Lululemon Hits 16-Month High Despite Citi Downgrade

January 02, 2018 / www.schaeffersresearch.com

Lululemon Athletica Inc. (NASDAQ:LULU) is starting off the year with an impressive slew of analyst attention, as the athletic apparel stock received no fewer than three price-target raises today. Telsey Advisory Group hiked its forecast to $92 from $84, while J.P. Morgan Securities upped its target to $87 from $79. The third raise, to $88 from $78, came from Citigroup -- despite the brokerage firm...Read More

#Bitcoin Lags As #Ethereum Soars To Record High On #Putin 'Crypto-Rouble' Plans | Zero Hedge

January 02, 2018 / www.zerohedge.com

While Bitcoin remains lower in 2018, down around 2%, Ethereum, Litecoin, and Ripple are surging with ETH breaking to a new record high over $880 following headlines that Russia is exploring ways to create a 'cryptorouble'.Read full newsRead More

2018 feels ripe for 'big unexpected crisis,' Eurasia group says

January 02, 2018 / www.mining.com

The geopolitical risks in 2018 are "easily as bad" as the economic risks in 2008, Eurasia's Ian Bremmer says.This year could see a geopolitical crisis on the scale of the financial crash a decade ago, Eurasia Group warned in its annual outlook.Describing global political challenges as "daunting," the New York-based political risk consultancy said that "if we had to pick one year for a big unexpec...Read More

Here's 5 reasons gold stocks will breakout in 2018

January 02, 2018 / www.mining.com

1. There are very few sellers leftThere were very few sellers left in January 2016 when the devastating "forever bear" was about to end. Six months later and a 150% rebound in the large caps and 200% rise in the juniors (GDXJ) provided sellers an opportunity. They drove the miners and juniors down by 40% to 45% in less than five months. However, both GDX and GDXJ have been able to hold above that...Read More

RT @chigrl: #Saudi #petrol stations censured for hoarding ahead of price hike

January 02, 2018 / www.arabianbusiness.com

A total of 68 stations were closed by the Ministry of Commerce and Investment following nation-wide inspections.Read full newsRead More

RT @KitcoNewsNOW: Shorts Getting Squeezed And Starting To Panic | TRADER TALK w/ @Bubba_Trading |

January 02, 2018 / dlvr.it

Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.Read full newsRead More

RT @StuartLWallace: Russia's crude oil production climbed to a record last year

January 02, 2018 / www.bloomberg.com

Russia's oil industry continued its long-term expansion last year, with production hitting a record even as President Vladimir Putin joined forces with OPEC to clear a global glut and lift prices.Read full newsRead More

UPDATE 1-Traders buy T-bills at auction in bet on U.S. debt ceiling deal

January 02, 2018 / www.kitco.com

(Recasts lead paragraph, adds quote)By Richard LeongNEW YORK, Jan 2 (Reuters) - Traders increased their purchases of U.S. three-month Treasury bills at a record-size auction on Tuesday in a sign they expect Congress to reach a deal to raise the debt ceiling by late March.A measure of overall demand at the latest three-month bill sale rebounded to its strongest in a month from its below-average le...Read More

ECB may end bond buying in 2018 if economy stays strong: Nowotny

January 02, 2018 / www.kitco.com

FRANKFURT, Jan 2 (Reuters) - The European Central Bank may end its stimulus programme this year if the euro zone economy continues to grow strongly, ECB rate-setter Ewald Nowotny told a German newspaper.The ECB has said it will buy bonds at least until September and it is widely expected to wind down the 2.55 trillion-euroscheme, the centrepiece of its efforts to revive inflation in the euro zone,...Read More

RT @TheArabSource: Syrian government condemns US, Israeli stances on #Iran

January 02, 2018 / aml.ink

BEIRUT, LEBANON (8:05 P.M.) - The Syrian Arab Republic has condemned the stances of the U.S. and Israeli regimes in regards to the Iranian protests, an offRead full newsRead More

RT @StuartLWallace: Oil's dream to expand in plastics dims as Coca-Cola turns to plants

January 02, 2018 / www.bloomberg.com

Companies that make packaging from plants instead of fossil fuels are starting to challenge the oil industry's ambition to increase the supply of raw materials for plastics.Read full newsRead More

RT @StuartLWallace: Gold Is on Its Best Run Since 2011

January 02, 2018 / www.bloomberg.com

Gold is starting the new year on the front foot. Bullion advanced for an eighth session to head for the longest stretch of gains since mid-2011, building on an annual surge.Read full newsRead More

Gold's best run since 2011 exposes `global complacency' on rates

January 02, 2018 / www.mining.com

(Bloomberg) - Gold is starting the new year on the front foot. Bullion advanced for an eighth session to head for the longest stretch of gains since mid-2011, building on an annual surge.Bullion for immediate delivery advanced 0.9 percent to $1,315.08 an ounce at 2:15 p.m. in New York, according to Bloomberg generic pricing. Last year, the commodity climbed 14 percent, the best performance in sev...Read More

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