WASHINGTON, Oct 29 (Reuters) - The U.S. Treasury said on Monday it expects to borrow $15 billion less during the fourth quarter than previously estimated. The department said in a statement it expects to issue $425 billion through credit markets during the October-December period, assuming an end-December cash balance of $410 billion. Treasury also expects to issue $356 billion in net marketable d...Read More
HONG KONG (Reuters) - A five-year old Chinese smartphone company whose high-end products are little known outside a tech-savvy niche is entering the U.S. market on Monday with the backing of two key local allies: chipmaking giant Qualcomm (QCOM.O) and mobile operator T-Mobile.The foray by Shenzhen-based OnePlus comes after U.S. mobile carriers AT&T and Verizon this year backed away from plans...Read More
It's the only blue chip on the list of the best SPX stocks in NovemberThe U.S. equities market is set to end October at a substantial loss, with the Dow down 7.7% month-to-date, and the S&P 500 off 9.2%, at last check. History suggests a turnaround could be coming, considering November marks the start of the most bullish six-month period for stocks. Among specific names bulls may want to watch nex...Read More
NEW BRUNSWICK - Montreal-based Osisko Metals has intersected multiple high grade zinc-lead-copper zones in step-out drilling at the Main zone of its Key Anacon project about 20 km south of the town of Bathurst.Drill hole KAMZ-18-10, a step-out drill hole 30 metres below the Main zone deposit, intersected 8.30 metres grading 10.47% zinc, 3.47% lead, 0.03% copper, and 92.0 g/t silver.Step-out hole...Read More
NEW BRUNSWICK - Montreal-based Osisko Metals has intersected multiple high grade zinc-lead-copper zones in step-out drilling at the Main zone of its Key Anacon project about 20 km south of the town of Bathurst.Drill hole KAMZ-18-10, a step-out drill hole 30 metres below the Main zone deposit, intersected 8.30 metres grading 10.47% zinc, 3.47% lead, 0.03% copper, and 92.0 g/t silver.Step-out hole...Read More
NEW BRUNSWICK - Montreal-based Osisko Metals has intersected multiple high grade zinc-lead-copper zones in step-out drilling at the Main zone of its Key Anacon project about 20 km south of the town of Bathurst.Drill hole KAMZ-18-10, a step-out drill hole 30 metres below the Main zone deposit, intersected 8.30 metres grading 10.47% zinc, 3.47% lead, 0.03% copper, and 92.0 g/t silver.Step-out hole...Read More
* Hammond touts possible end to austerity with Brexit deal* BoE meets on Thursday; rates will likely be left unchanged* Graphic: World FX rates in 2018 tmsnrt.rs/2egbfVh* Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9HvLONDON, Oct 29 (Reuters) - The pound drifted lower on Monday as Britain’s finance minister Philip Hammond laid out the prospect of an end to austerity so...Read More
PHOENIX (AP) - An Arizona prospector realizes he's lucky to be alive after surviving nearly three days at the bottom of an old abandoned gold mine shaft in the ArizonaRead full newsRead More
Arizona prospector John Waddell realizes he's lucky to be alive after surviving a days-long ordeal at the bottom of an old abandoned mine shaft in the desertRead full newsRead More
ELKO, Nev. (AP) - A Utah miner died after a roof collapsed at a Nevada gold mine.The Elko Daily Free Press reports Small Mine Development says Jason Holman, of Goshen, Utah, was killed Thursday at Jerritt Canyon Gold's Lee Smith Mine.Small Mine Development General Manager Keith Jones says Holman wasRead full newsRead More
NEW YORK (Reuters) - Global stocks pared their gains Monday as investors remained cautious despite IBM’s $34 billion deal to purchase Red Hat Inc and Standard & Poor’s decision to keep Italy’s credit rating unchanged.The Dow Jones Industrial Average .DJI rose 133.78 points, or 0.54 percent, to 24,822.09, the S&P 500 .SPX gained 19.91 points, or 0.75 percent, to 2,678....Read More
NEW YORK (Reuters) - Global stocks pared their gains Monday as investors remained cautious despite IBM’s $34 billion deal to purchase Red Hat Inc and Standard & Poor’s decision to keep Italy’s credit rating unchanged.The Dow Jones Industrial Average .DJI rose 133.78 points, or 0.54 percent, to 24,822.09, the S&P 500 .SPX gained 19.91 points, or 0.75 percent, to 2,678....Read More
Sandstorm continues to purchase shares of Entree Resources.Insiders are piling into Belo Sun Mining.I break down the most relevant gold insider buying updates.Insider gold buying has picked up a bit over the past month, especially over the past week or so with gold prices showing signs of a sustained rally. (Gold prices have rallied since the start of October. Credit: StockCharts) The technical p...Read More
The speculator placed a very well-timed bet late FridayRed Hat Inc (NYSE:RHT) stock has skyrocketed today, after IBM Corp (IBM) announced plans to purchase the software concern for about $34 billion. At last check, RHT stock was up 44.9% to trade at $169.04 -- and one recent options trader made a killing with a well-timed call purchase last week.In the last half-hour of Friday's session, a block o...Read More
YUKON - When the words "Rackla" and "Carlin style" deposit are mentioned, we often think of gold. Not this time. Say "North Rackla" and think of very good base metal grades. That's what Cantex Mine Development has been finding in this massive sulphide zone.Cantex has received results from nine holes drilled this summer. Four holes tested mineralization at the Discovery zone. The best hole was prob...Read More
YUKON - When the words "Rackla" and "Carlin style" deposit are mentioned, we often think of gold. Not this time. Say "North Rackla" and think of very good base metal grades. That's what Cantex Mine Development has been finding in this massive sulphide zone.Cantex has received results from nine holes drilled this summer. Four holes tested mineralization at the Discovery zone. The best hole was prob...Read More
LONDON (Reuters) - The British government has set out its exit strategy from its biggest taxpayer-funded bailout of the financial crisis, announcing plans to sell all of its shares in Royal Bank of Scotland (RBS.L) by 2024.The government owns 62.4 percent of RBS, Britain’s fourth-biggest bank by market value, which it rescued in 2008 with a 45.5 billion pound capital injection.The Office for...Read More
Unless the markets regain their footing soon, the pressure for the Federal Reserve to reassess monetary policy will mount, according to Deutsche Bank.Read full newsRead More
Meanwhile, Proofpoint shares are bouncing back from Friday's lowsThe Dow has erased its earlier lead on reports the U.S. is considering more tariffs on China. Three names in particular to watch today are cybersecurity specialist Proofpoint Inc (NASDAQ:PFPT), casino technology concern Scientific Games Corp (NASDAQ:SGMS), and electric auto manufacturer Electra Meccanica Vehicles Corp (NASDAQ:SOLO)....Read More
SPX's historical volatility has skyrocketed in OctoberIt's been a rocky month for the stock market, to say the least. The S&P 500 Index (SPX) briefly flirted with correction territory last week, and is on pace for its worst month since May 2010. What's more, over the past 20 sessions, SPX's 20-day historical volatility (HV) skyrocketed more than 300% -- from 5.48 on Sept. 28 to 22.41 on Friday, Oc...Read More