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News Article | December 27, 2016
Site: co.newswire.com

2016 has been one of the most volatile years on record for gold: the best first-half performance in 40 years, followed by the ongoing retracement that has seen the bulk of the gains for the metal itself given back. These moves have left many wondering if this was just a “false rally” in the price of gold on the way to a continuation of the 2011-2015 bear market. And while no one can ever say with 100% certainty what the future will bring, with a clear technical view of the markets we are now in the best possible position to capture the moves that lie ahead when they do indeed materialize. As there are still four trading days left in the year, we will wait until next week to offer a full 2016 year-end review of the precious metals markets and a look ahead for 2017. Turning to spot gold itself, the pre-Christmas week featured relatively light trading, with prices finishing at $1,133 as of the final trade on the New York COMEX. Such represents a loss of $3.80 or 0.3% from a week prior. Notably, this was the seventh weekly loss for gold in a row, the longest such stretch since May 2004. This is an interesting statistic to contemplate. Consider, for instance, that the last time gold fell for so many weeks in a row was during the early stages of the 2001 – 2011 bull market, not during a bear market. It is often said that the most severe (percentage per time unit) declines happen during bull markets, as prices must climb a “wall of worry”. Will this hold true again? We will know shortly. Technically, gold is now within sight of the declining broken 2013 – 2015 trend channel we have been monitoring for several weeks, shown in blue above. If the price were to use the broken trendline as support this week, the level to watch for a bounce would be $1,100 precisely. Such a rebound would indicate the potential for a higher-low to form in gold than in 2015. The 2015 bottom zone is labeled by the green band above as between $1,045 – $1,080. We would place a stronger trust in the low if it were to form as a confluence of the broken blue trendline and the $1,045 – $1,080 support zone. For those two regions to overlap, the bottom would need to wait for the trendline to decline from its current reading at $1,100. Based on the slope of the line, that convergence would happen between February and May of the coming year. Gold is still largely oversold on the daily RSI indicator (red circle, top of chart) below the 30 level, a reading which has corresponded with previous medium-term lows over the past 18 months. In sum, a short-term bounce should be expected at any moment in gold; however, long-term bottom signals require several converging technical patterns, for which we are still waiting across both the metal and the mining complex. Silver spot price fell further than gold again this week, giving up the relative outperformance we had noted during late November and early December versus gold. For the week, silver declined 2.8% or $0.46 cents, to close at $15.76 as of the last trade in New York. We would like to call your attention to the short-term steep wedge formation now visible on the silver chart above, shown between the teal and blue trendlines. As periodically mentioned, these wedge formation typically represent reversal or bottoming patterns. In this case, we see steep declining highs since early November, and less steep lows forming since July. While silver could fall further still within the wedge pattern, a break of the upper trendline should represent a tradable breakout for those so inclined to initiate short-term trades. On the breakout, an initial target will be $16.25, the broken support from November, with a possibility of an advance toward $17.25, the resistance from early December. However, a word of caution: breaks from wedges as steep as above cannot be relied upon to represent terminal bottoms in and of themselves. The old investment adage: “The steeper the trend, the less important the break,” comes to mind here, and is relevant because the wedge in question is extremely steep (for comparison, a less-steep long-term wedge was observed from 2013 – 2015 in the silver market, and represented a much stronger candidate for a bottom). Because this wedge is so steep, it may not represent the final low for this retracement in silver. However, it should mark an end to the most severe portion of silver’s decline. Another way to visualize the steepness of silver’s recent decline– and hence likelihood of a rebound in the near future — is to note that the slope can be observed to be forming a reverse parabolic curve since the summer highs, which is approaching an infinite downward rate by late January. Since such an infinite negative slope is impossible for an asset that cannot go to zero, we know that the current rate of decline will necessarily end in the next few weeks, and such should represent the tradable bounce at minimum. The only question is: does silver make its bounce sooner, or after one final drop over the next two weeks. Both options are highlighted in green, below, on the SLV chart (proxy for silver bullion, used to show intraday price/volume data). The key technical point is to watch for the break of the wedge as shown on the main silver chart above to indicate when the worst of the retracement in silver is over. We will put the full-year relative price performance together for gold, silver, and related markets in our 2016 review, next week. Christopher Aaron has been trading in the commodity and financial markets since the early 2000's. He began his career as an intelligence analyst for the Central Intelligence Agency, where he specialized in the creation and interpretation of pattern-of- life mapping in Afghanistan and Iraq. Technical analysis shares many similarities with mapping: both are based on the observations of repeating and imbedded patterns in human nature. His strategy of blending behavioral and technical analysis has helped him and his clients to identify both long-term market cycles and short-term opportunities for profit. This article is provided as a third party analysis and does not necessarily matches views of Bullion Exchanges and should not be considered as financial advice in any way.


News Article | February 22, 2017
Site: www.marketwired.com

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 22, 2017) - FIRST MAJESTIC SILVER CORP. (FRANKFURT:FMV)(TSX:FR)(NYSE:AG)(BVM:AG) (the "Company" or "First Majestic") is pleased to announce the consolidated financial results for the Company's fourth quarter and year ended December 31, 2016. The full version of the financial statements and the management discussion and analysis can be viewed on the Company's website at www.firstmajestic.com, on SEDAR at www.sedar.com and EDGAR at www.sec.gov. All amounts are in U.S. dollars unless stated otherwise. "First Majestic delivered yet another record year of production, realizing the high end of our annual production guidance of 18.7 million silver equivalent ounces while achieving an all-in sustaining cost of $10.79 per ounce that came in well below our cost guidance range of $11.50 to $12.35 per ounce," said Keith Neumeyer, President and CEO of First Majestic. "Our operating cash flows were more than sufficient to internally fund our capital expenditures program in addition to strengthening our treasury to $129.0 million at year end, the highest balance in the Company's history. The cash flows currently being generated are being reinvested in our 2017 budget which is expected to result in production growth in 2018. The key areas of focus in 2017 are the construction of the roasting system at the La Encantada mine and the exploration and development programs at both the La Guitarra mine and the Plomosas project." Full year revenues achieved a new record of $278.1 million, an increase of $58.7 million or 27% compared to 2015, primarily due to a 16% increase in total production and the increase in silver prices. The Company realized an average silver price of $17.16 per ounce in 2016, slightly beating the COMEX annual silver price average of $17.10 per ounce and representing a 7% increase compared to 2015. Annual mine operating earnings totaled $49.2 million, an increase of 464% compared to $8.7 million in 2015. The increase in mine operating earnings was primarily driven by record-breaking production, lower production costs and higher silver prices. The Company generated net earnings of $8.6 million (earnings per share of $0.05) in 2016 compared to a net loss of $108.4 million (loss per share of $0.84) in 2015. In 2015, the Company recorded an impairment charge of $108.4 million, or $70.2 million net of tax, on certain operations and development projects due to the decline in market consensus on long-term silver price forecasts during 2015 and the consequential impact on the Company's Reserves and Resources. Adjusted EPS normalized for non-cash or unusual items, such as impairment of non-current assets, deferred income tax expense or recovery and share-based payments was $0.12 per share in 2016. Cash flows before movements in working capital and taxes increased by 80% to $107.3 million ($0.67 per share) compared to the prior year primarily due record production output and higher silver prices. Cash flows were also more than sufficient to fully fund the Company's capital budget program. The Company ended 2016 with a record $129.0 million in cash and cash equivalents compared to $51.0 million at the end of 2015. In addition, the Company ended the year with a surplus in working capital of $130.6 million compared to $15.6 million at the end of 2015. Revenues generated in the fourth quarter of 2016 totaled $66.2 million, representing a slight increase compared to $66.0 million in the fourth quarter of 2015. The Company realized an average silver price of $17.10 per ounce, relatively in line with the COMEX quarterly silver price average of $17.12 per ounce and representing a 12% increase compared with the fourth quarter of 2015. Mine operating earnings were $9.9 million compared to $3.9 million in the fourth quarter of 2015. The increase was driven by the increase in silver prices, partially offset by a 9% decrease in production. The Company generated net earnings of $1.8 million (earnings per share of $0.01) compared to a net loss of $103.0 million (loss per share of $0.66) in the fourth quarter of 2015. Adjusted for non-cash or unusual items such as impairment of non-current assets, deferred income tax expense or recovery and share-based payments, the Company reported a loss of $0.01 per share. Cash flows before movements in working capital and income taxes were $23.4 million ($0.14 per share), compared to $17.5 million ($0.11 per share) in the fourth quarter of 2015. The Company produced a record 11.9 million ounces of silver in 2016, near the high end of the revised guidance and representing a 6% increase compared to 11.1 million ounces produced in the previous year. The increase was primarily attributed to the addition of the Santa Elena mine for the full year, partially offset by lower production from Del Toro and San Martin, both of which lowered throughput to focus on mining profitable ounces. Total production in 2016 reached a record of 18.7 million silver equivalent ounces, also near the high end of the 2016 guidance, representing an increase of 16% compared to the previous year. The increase in production was primarily attributed to incremental production from Santa Elena, partially offset by lower by-product production from Del Toro and La Parrilla. Cash cost per ounce in the year was $5.92, a decrease of 25% or $1.95 per ounce compared to the previous year and within the Company's guidance. The decrease in cash cost per ounce was attributed to ongoing company-wide cost reduction efforts and a focus on producing profitable ounces, a decrease in smelting and refining costs as a result of renegotiated sales agreements that were effective on July 1, 2016, and weakening of the Mexican pesos against the U.S. dollar. AISC per ounce in 2016 was $10.79, a decrease of 20% or $2.64 per ounce compared to the previous year and is below the revised annual guidance of $11.50 to $12.35 per ounce. The decrease in AISC per ounce was reflective of the Company's ongoing effort to reduce production costs, weakening of the Mexican pesos against the U.S. dollar, as well as the addition of the Santa Elena mine to the Company's portfolio of assets, which became the Company's lowest cost mine. The Company's total capital expenditures in 2016 was $65.9 million, an increase of 6% compared to the prior year, primarily consisting of $15.2 million at Santa Elena, $10.0 million at La Encantada, $11.5 million at Del Toro, $11.1 million at La Parrilla, $6.4 million at San Martin and $9.0 million at La Guitarra. The investments consisted of underground development, exploration, construction and expansion projects and acquisitions of new mining equipment. As previously announced, the Company plans to invest a total of $124.0 million on capital expenditures in 2017 consisting of $46.2 million for sustaining requirements and $77.8 million for expansionary projects. The Company is preparing for future production growth by developing additional mine production levels at each of the Company's operations, preparing for the upcoming expansion at La Guitarra, completing the roasting circuit and preparing for block caving at La Encantada, in addition to the exploration work at Plomosas which is expected to result in a new Preliminary Economic Assessment in 2018. In the fourth quarter, the Company produced 2.8 million ounces of silver, a decrease of 9% compared to the previous quarter, primarily due to a 9% decrease in average silver grade. Total production reached 4.4 million silver equivalent ounces in the fourth quarter, representing a decrease of 3% compared to the previous quarter. The decrease in silver grades is primarily due to lower grades at Del Toro in the month of October due to limited production at the high grade Dolores mine. As a result, the Company increased production rates at the San Juan mine to offset the decrease. Beginning in November, production at the Dolores mine returned to normal operating levels. Average silver grade at La Encantada also decreased 9% compared to the prior quarter primarily due to the continued blending of ore from old stopes, stockpiles and the recovery of pillars. Grades are expected to improve towards the end of 2017 following the start of block caving production within the San Javier Breccia. Cash cost per ounce in the quarter was $6.49, an increase of 11% or $0.65 per ounce compared to the previous quarter. The increase in cash cost per ounce was primarily the result of lower silver grades leading to lower silver production and higher mining contractor costs attributed to ore development activities at the Santa Elena mine. All-in sustaining cost per ounce ("AISC") in the fourth quarter was $12.90, an increase of 23% or $2.38 per ounce compared to the previous quarter. The increase in AISC was primarily attributed to an increase in sustaining capital expenditures to catch up with program targets in addition to higher cash cost per ounce. Capital expenditures in the fourth quarter were $25.7 million, an increase of 24% compared to the prior quarter, primarily consisting of $3.2 million at Santa Elena, $5.6 million at La Encantada, $4.0 million at Del Toro, $5.0 million at La Parrilla, $2.2 million at San Martin and $4.3 million at La Guitarra. In the fourth quarter of 2016, the Company entered into two option agreements to acquire additional mining concessions around the Del Toro and Santa Elena mines. In October 2016, the Company entered into an agreement to acquire an additional 7,205 hectares of mining concessions near Del Toro for the total purchase price of $1.5 million, payable over six equal payments every six months, with $0.3 million having been paid as of December 31, 2016. In addition, the Company entered into an option agreement in December 2016 with Compania Minera Dolores, S.A. de C.V., a subsidiary of Pan American Silver Corp., to acquire 5,802 hectares of mining concessions adjacent to the Santa Elena mine. In exchange, First Majestic has agreed to incur $1.6 million in exploration costs on the property over four years, a 2.5% NSR royalty on the related concessions, and to pay $1.4 million in cash, of which $0.1 million was due on or before the date of agreement (paid), $0.2 million in December 2017, $0.2 million in December 2018, $0.3 million in December 2019 and $0.7 million in December 2020, respectively. The Company will be holding a conference call and webcast on Wednesday, February 22, 2017 at 10 am PDT (1 pm EDT). To participate in the conference call, please dial the following: Participants should dial in 10 minutes prior to the conference. Click on WEBCAST on the First Majestic homepage as a simultaneous audio webcast of the conference call will be posted at www.firstmajestic.com. The conference call will be recorded and you can listen to an archive of the conference by calling: The replay will be available approximately one hour after the conference and will available for seven days following the conference. The replay will also be available on the Company's website for one month. First Majestic is a mining company focused on silver production in Mexico and is aggressively pursuing the development of its existing mineral property assets. The Company presently owns and operates six producing silver mines; the La Parrilla Silver Mine, the San Martin Silver Mine, the La Encantada Silver Mine, the La Guitarra Silver Mine, Del Toro Silver Mine and the Santa Elena Silver/Gold Mine. Production from these six mines is projected to be between 11.1 to 12.4 million ounces of pure silver or 16.6 to 18.5 million ounces of silver equivalents in 2017. This news release includes certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "schedule" and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things: the price of silver and other metals; the accuracy of mineral reserve and resource estimates and estimates of future production and costs of production at our properties; estimated production rates for silver and other payable metals produced by us, the estimated cost of development of our development projects; the effects of laws, regulations and government policies on our operations, including, without limitation, the laws in Mexico which currently have significant restrictions related to mining; obtaining or maintaining necessary permits, licences and approvals from government authorities; and continued access to necessary infrastructure, including, without limitation, access to power, land, water and roads to carry on activities as planned. These statements reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: fluctuations in the spot and forward price of silver, gold, base metals or certain other commodities (such as natural gas, fuel oil and electricity); fluctuations in the currency markets (such as the Canadian dollar and Mexican peso versus the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments in Canada, Mexico; operating or technical difficulties in connection with mining or development activities; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inability to obtain adequate insurance to cover risks and hazards; and the presence of laws and regulations that may impose restrictions on mining, including those currently enacted in Mexico; employee relations; relationships with and claims by local communities and indigenous populations; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses, permits and approvals from government authorities; diminishing quantities or grades of mineral reserves as properties are mined; the Company's title to properties; and the factors identified under the caption "Risk Factors" in the Company's Annual Information Form, under the caption "Risks Relating to First Majestic's Business". Investors are cautioned against attributing undue certainty to forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.


News Article | March 1, 2017
Site: www.prweb.com

Radixweb, leading IT Outsourcing and Software Development Company, announced that it will be a part of COMEX 2017 in Oman from 28th to 30th March. Radixweb team is confident that booth 917 will become a beehive of activity for visitors who seek to redefine business approach, accelerate revenue growth and want to lead the race. To make most of personalized consultation COMEX Oman 2017 visitors can book an appointment now. COMEX Oman signifies to be one of the most awaited premier events in the Middle East, as it is an ideal confluence of IT, Telecom and emerging technology on a single platform. Spurred by the rapid growth in IT, the entire Middle East region is looking forward to make the right IT investment decision and choose the right partner. To tap this very sentiment of COMEX this year, Radixweb is highly focused on showcasing cutting-edge technologies and proven processes tailored for Middle East region and help visitors gain the best out of IT and transform business. Full Spectrum of Showstopper Exhibits by Radixweb for COMEX 2017: Enterprise Software Development: Entire range of bespoke development services to convert ideas into reality Enterprise Mobility: Evolve beyond ‘mobile first’ approach and imbibe mobile-driven strategies using EMM Application Modernization: Re-engineer legacy systems to adopt cloud and latest technology platforms to stay a step ahead Cloud Computing & Consulting: Leverage best of clouds to deliver greater user experiences Microsoft Dynamics CRM: Add more value and power to specific business needs with Dynamics 365 At COMEX, Radixweb’s best tech-driven trio of Pratik Mistry (Sr. Business Head), Maitray Gadhavi and Nihar Raval (Sr. Business Development Managers) will be on the floor. “It is imperative for businesses to adapt the knack of changing technology and emerge as a winner- to meet complex customer demands. Radix, a globally trusted partner for IT consulting and strategy services, works as a perfect catalyst for enterprises to reduce cost of maintenance, increase flexibility and scalability. As we are in our hat trick year at COMEX, our team is fully geared up to give personalized consultation on how to leverage tech to attain sustainable growth for businesses and also meet our existing customers to strengthen their technology footprint”, says Mr. Pratik Mistry, Senior Business Head- Radixweb. “With each passing year, our association with COMEX and its attendees continues to grow fruitfully. Being a regular participant since last two years, we plan to help more visitors to resolve their constraints revolving around field service automation and cloud enablement- the in-trends of the technology landscape with our sought after solutions”, quips Gadhavi. Established in 2000, Radixweb is a leading software product development and IT Outsourcing services provider. The company delivers a complete range of IT services and enterprise-class solutions to clients from SMEs to fortune 500 companies across the globe. Radixweb key Service offerings include Bespoke Software Development, Embedded Software Development, Software Product Development, Web & Desktop Application Development, Application Performance Optimization and more. Due to consistent and reliable service delivery, the company earned credentials like Microsoft Gold Partner, Top Enterprise Software Development firm 2016 & Top .Net Developers 2016 by Clutch, Kentico Bronze Partner, nopCommerce Partner, ISO Certification for quality processes and Adobe Solutions Partner. For details, please visit http://simplified-it-outsourcing.com


News Article | September 12, 2016
Site: globenewswire.com

CHICAGO, September 06, 2016 -- Straits Financial LLC (“Straits”), announced today it will be the first U.S. based Futures Commission Merchant (“FCM”) to utilize the services of bitcoin payment processor BitPay Inc. (“BitPay”) and digital bank WB21 Ltd (“WB21”).  Straits’ initiatives with WB21 and Bitpay will allow its customers to convert bitcoin assets into one of several different currencies to fund their Straits investment and trading accounts.  Straits believes this is an important step in the further development of the use of digital assets in the derivative markets. The WB21 and BitPay services will allow bitcoin traders, companies and other users to rely on the Straits Financial infrastructure to trade and manage risk in the multi-trillion dollar commodities markets in products such as energy, precious and base metals, agricultural commodities and stock indexes.  Straits Financial LLC President Joseph Mazurek remarks “This is a great next step for Straits and the industry.  BitPay and WB21 will help customers to easily convert their bitcoin holdings into currencies that can be used to fund their futures trading accounts and will provide the bitcoin community easier access to an alternative suite of investment options.” Since bitcoin can be remitted anywhere globally in minutes via an internet connection, BitPay believes it has the ability to significantly reduce account funding time for Straits’ clients.  With WB21’s ability to convert bitcoin into multiple currencies via BitPay, this new bitcoin funding option should give clients a better  way to reach more global futures markets. "Bitcoin offers one of the fastest, most secure ways for investors to fund trading accounts, and WB21's real-time cross-currency conversion just makes this a better option for international trading," says BitPay Chief Commercial Officer Sonny Singh.  “We couldn't be more excited to be working together with Straits Financial to make bitcoin a fixture in futures trading." “Using our real-time bitcoin funding and multi-currency banking system, offers a fast and convenient solution for investors to fund their trading accounts at Straits.  We are happy to provide the platform and offer Straits Financial our services”, says WB21 CEO Michael Gastauer. Headquartered in Singapore, Straits Financial Group (“Straits”) is the boutique brokerage house under CWT Limited that offers a full spectrum of derivatives & OTC products, including trade facilitation for physical commodities. We have established affiliate offices in Chicago, New Jersey, Shanghai and in Jakarta.  The U.S. subsidiary, Straits Financial LLC, is a full Clearing Member of the Chicago Mercantile Exchange (CME), Chicago Board of Trade (CBOT), New York Mercantile Exchange (NYMEX), the Commodity Exchange (COMEX), CME Clearport, Dubai Mercantile Exchange (DME), New Zealand Exchange (NZX). Straits’ clearing access to all major global commodity exchanges, combined with the logistical and warehousing support from CWT, offers a unique blend of integrated services to fulfill the needs of sophisticated customers trading in the commodities space. Our distinctiveness has kept Straits ahead of market competition and continues to be our key success factor. For more information, visit www.straitsfinancial.com CWT Limited is a leading provider of integrated logistics and supply chain solutions. Our business is about connecting world trade. We move, build and power customers’ supply chain forward. We combine our logistics capabilities, global network and resources to add value for customers. CWT Group also provides commodity marketing, financial and engineering services ancillary to its core logistics business. For more information, visit www.cwtlimited.com . With more than 800,000 customers, and a monthly payment volume of over 750 million USD, WB21 redefines banking on a global scale. We’ve created the ultimate solution in digital banking, a global solution for people and businesses that want to open accounts in minutes, transfer money in real time and pay less in banking fees. Our solution is where money can flow freely for a fair price, with the ultimate mission to offer the world a new standard in banking; WB21. For more information, visit www.wb21.com With over four years of experience in handling bitcoin payments, BitPay is the industry's first and most experienced bitcoin payment processor. For more information, visit www.bitpay.com. DISCLAIMER: Trading commodity futures and options products present a high degree of risk and losses in excess of your initial investment may occur. Please contact your account representative with any concerns or questions.


News Article | November 17, 2016
Site: globenewswire.com

QTrader — электронная торговая платформа, разработанная компанией CQG, Inc. и обеспечивающая прямой выход на ведущие фьючерсные биржи — Chicago Mercantile Exchange (CME), Chicago Board of Trade (CBOT), New York Mercantile Exchange (NYMEX), Commodity Exchange, Inc. (COMEX), ICE Futures Europe Commodities.


News Article | November 17, 2016
Site: globenewswire.com

QTrader — электронная торговая платформа, разработанная компанией CQG, Inc. и обеспечивающая прямой выход на ведущие фьючерсные биржи — Chicago Mercantile Exchange (CME), Chicago Board of Trade (CBOT), New York Mercantile Exchange (NYMEX), Commodity Exchange, Inc. (COMEX), ICE Futures Europe Commodities.


News Article | November 17, 2016
Site: globenewswire.com

Riga, Latvia, 2016-11-17 11:12 CET (GLOBE NEWSWIRE) -- ABLV Bank offers several innovations in products and services. They include first bond issues arranged for ABLV clients and new trading platform for performing futures transactions at stock exchanges. In June this year, our range of services was supplemented by a new one — ABLV group started offering full service under bond issues to our clients and cooperation partners. Within the new service, at the end of this year, bond issues are planned to be performed for two our clients — Citadele bank and real estate holding company Baltic RE Group. Under the first subordinated bond programme, Citadele bank plans to perform subordinated bond issue amounting up to EUR 40 million. The subscription to the first series of the bonds was started on 14 November 2016 and will last till 24 November 2016. The face value of one bond is EUR 10 000. The announced initial annual interest rate is fixed: 6.25% with coupon payment twice a year. The announced initial placement price is 100% of the face value. The issuer may change the coupon interest rate and the initial placement price within the subscription period, informing about final terms of the issue after the end of the subscription period. The planned bond issue date is 30 November 2016. The bonds maturity is 10 years, however the issuer is entitled to redeem those before maturity, starting from the fifth year after the issue date. ABLV Bank is the advisor of the Citadele bank regarding the implementation of the First subordinated bond programme and the underwriter of the bond placement to the amount of EUR 20 million within the initial offer. Whereas real estate holding company Baltic RE Group plans to perform straight bond issue amounting to EUR 4 million. The subscription to the bonds was started on 15 November 2016 and will last till 2 December 2016. The face value of one bond is EUR 1 000, and the annual interest rate is fixed: 6.15% with coupon payment twice a year. The initial placement price is 100% of the face value. The issue date is 12 December 2016, and the maturity date — 12 December 2020. The issuer is entitled to redeem the bonds before maturity, starting from the second year after the issue date. ABLV Bank is the arranger of Baltic RE Group bond issue. Bond issue is an alternative source of raising financing which allows a company to launch its development plans right away. The engagement of our bank as an arranger may vary depending on the requirements of a particular client. We can range from drawing up the issue prospectus to performing the issue, ensuring custody and accounting of the securities, rendering services under corporate events, and communicating with respective authorities. Please note that the facts are for reference only and shall not be treated as investment advice, investment research, or a consultation on investment. New trading platform for performing transactions at futures stock exchanges We offer new trading platform QTrader to our clients willing to independently explore the trading opportunities provided by futures stock exchanges. It is the electronic trading platform developed by CQG, Inc., which ensures direct access to the leading futures stock exchanges: Chicago Mercantile Exchange (CME), Chicago Board of Trade (CBOT), New York Mercantile Exchange (NYMEX),Commodity Exchange, Inc. (COMEX), ICE Futures Europe Commodities. QTrader is intended for investors having good understanding of financial markets and the experience of derivatives trading, as well as willing to make independent decisions and act promptly responding to the market changes. QTrader is available as both the software to be installed on a computer and the Internet version, which can be easily used on mobile devices. More information about autumn news of ABLV Bank services is available at the bank's website.


News Article | February 20, 2017
Site: co.newswire.com

Based on the recent analysis, we can conclude that gold itself still has further room to run over the intermediate timeframe. There are several unique signals showing us that – barring minor intra-week corrections that could occur at any time – gold is set to move higher toward the $1,300 region before any more significant retracement may be due. To arrive at this target, we examine both the relative strength of the gold mining complex and also the price action in silver. Based on analysis of these related but separate markets, we can conclude that gold itself still has further room to run over the intermediate time frame. Let us begin by examining the relative strength of the gold-mining sector versus the price action of gold bullion itself. Below we show the GDX large-cap gold mining fund on top with the price of gold immediately below it – stripped of all our typical annotations for a direct examination of relative performance. The top green band shows that the gold miners are now back to a resistance level between 25-26 on the GDX fund, which was previously reached both last August and immediately following the Trump-victory in November. The two vertical grey bands correspond to these points in August and November. By following the bands downward, we can observe what the price of gold was the last time the mining sector was valued near 25-26 on the GDX fund. The last two times the GDX traded between 25-26, gold averaged $1,305 per ounce. The gold mining complex is intrinsically related to the price of the metal itself, as the sector’s profits are derived largely from spot bullion prices. Closing the week at $1,238 as of the last trade on the New York COMEX on Friday, the mining sector is already pricing in nearly a $67 per ounce increase in spot gold. To further the case for the $1,300 gold target, we turn next to the latest action in silver. As of Friday, we note that gold’s cousin rose for the 8th week in a row last week, rising 0.5% or $0.10 cents to finish at $18.03 as of the final bid in New York. We maintain a target of $18.75 for silver, based on the amplitude ($1.50) of the bottoming pattern observed prior to the breakout above $17.25 in late-January. It would be rare for silver to achieve a higher target without gold moving higher as well, and so the silver analysis that follows has direct implications for the $1,300 gold target referenced above. There is an important point that traders may wish to note on the silver chart. Our typical analysis is based on best-fit trend lines, to use the term from statistical analysis. However, as the highs composing the upper trend line do not fit perfectly (no trend lines ever will), and as we are anticipating a breakout with some volatility along the way, it would also be wise to identify an absolute-highs trend line. Such is indicated above on the silver chart by the lighter dashed blue line.  Using an absolute-highs trend line, the declining primary trend would come in closer to $18.20. Which line is more relevant toward the breaking of silver’s downtrend and the establishment of a new period of rising prices? Generally, the breaking of a best-fit line is most critical. However, the absolute-highs line is important to keep in mind solely for the reason that some traders will be focusing on it. We should expect some traders to treat it as the defining trend line for the primary decline which began in July 2016. As such, some short-term selling pressure should be seen there. In due time, those sellers at $18.20 should be taken out during the upcoming advance toward $18.75 if our technical targets are to be met. From that point onward, we will have to re-assess the silver’s short-term setup. Having broken through the best-fit trend line of the primary declining channel (royal blue), silver now finds itself directly challenging the absolute highs trend line. While grinding price action lasting up to 2 weeks could be expected underneath the absolute highs trend line, prices should be well-supported by the $17.25 support level (black line). We expect that the absolute highs trend line will be broken within the next two weeks, and when it does, the advance toward the $18.75 target will be quick, needing only 3-5 trading days to reach this level. Please keep in mind that silver, being an extremely small market at only $20 billion in annual physical sales, is prone to overshoot technical targets – both to the upside and to the downside. Should silver exceed $18.75 on this move, a surge to $19.75 is not out of the question as an overshoot by mid-April. Once we observe the price action around the next high, we will begin to gauge the potential for an intermediate retracement. The price action of both metals is set to get increasingly volatile through 2017, but as the investment adage goes: “with volatility comes opportunity”. Christopher Aaron has been trading in the commodity and financial markets since the early 2000's. He began his career as an intelligence analyst for the Central Intelligence Agency, where he specialized in the creation and interpretation of the pattern of life mapping in Afghanistan and Iraq. Technical analysis shares many similarities with mapping: both are based on the observations of repeating and imbedded patterns in human nature. His strategy of blending behavioral and technical analysis has helped him and his clients to identify both long-term market cycles and short-term opportunities for profit.


News Article | February 15, 2017
Site: co.newswire.com

Two scenarios would change the validity of the basing action we are observing in the long-term cup formation of gold price. Gold was resilient over the last two weeks in holding up over the $1,200 level. But for the week, gold closed down $16 or 1.4% to finish at $1,188 as of the final trade on the New York COMEX on Friday.


News Article | November 17, 2016
Site: globenewswire.com

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