(Kitco News)- Bargain hunting is helping to support platinum pricesTuesday after the market dropped to its lowest level in 14 years.Overnight platinum futures dropped to $800 an ounce, a pricenot seen since December 2008. However, prices have modestly recovered withOctober platinum futures last trading at $844.30 an ounce, up almost 4% on the day.Platinum prices have dropped more than 18% since it...Read More
(Reuters) - Top U.S. automakers reported an increase in June sales, as consumers continued to lap up sport utility vehicles in larger numbers amid rising tensions between the United States and its trade partners.The escalating tensions led to a fall here in U.S consumer confidence in June, and weighed on purchase plans for big-ticket items such as automobiles.No. 1 U.S. automaker General Motors...Read More
LONDON (Reuters) - European shares edged higher on Tuesday after German Chancellor Angela Merkel’s conservatives settled a row over migration and gave some respite to investors facing a rage of political worries including trade tensions with the United States.The pan-European STOXX 600 was up 0.6 percent by 0833 GMT with Germany's DAX .GDAXI posting the best performance with a 0.9 percent...Read More
BRUSSELS (Reuters) - The Trump administration has included Britain, Washington’s most loyal battlefield ally in the wars in Iraq and Afghanistan, among countries being sent letters rebuking them for spending too little on their militaries.Secretary of Defense Jim Mattis threatened to replace Britain with France as its main military ally unless London ramps up its defense spending, in a lette...Read More
Now also seems to be an affordable time to purchase EW optionsArtificial heart valve maker Edwards Lifesciences Corp (NYSE:EW) has been asurging up the charts following its late-October test of the century level. And according to Schaeffer's Senior Quantitative Analyst Rocky White, more upside may be in the cards for the medical technology name, as it has been one of the best stocks to own in the...Read More
Benefits from relentless USD selling across the board. Bulls take a breather ahead of the API crude stockpiles report. Gold futures on Comex staged a solid comeback from the lowest levels seen since July last year, and now looks to regain the $ 1250 mark heading into the US factory orders data. The yellow metal’s rebound today, is mainly driven by the US dollar slide across its mai...Read More
NEW YORK (Reuters) - Theft of cryptocurrencies from exchanges soared in the first half of this year to three times the level seen for the whole of 2017, leading to a three-fold increase in associated money laundering, according to a report from U.S.-based cybersecurity firm CipherTrace released on Tuesday.The report, which looks at the global anti-money laundering market, showed that in the first...Read More
The brokerage firm cited risk over a potential trade war with ChinaIt's a busy time for travel. While several leisure stocks tend to outperform in July, Deutsche Bank sees turbulence ahead for American Airlines Group Inc (NASDAQ:AAL), Delta Air Lines, Inc. (NYSE:DAL), and United Continental Holdings Inc (NYSE:UAL), downgrading the trio of airline names to "hold" from "buy," while citing risks surr...Read More
BEIJING (Reuters) - China’s leaders are confident the country can cope with major and external risks, they said at a high-level internal financial meeting, amid financial turbulence at home and rising trade tensions with the United States.The cabinet-level Financial Stability and Development Commission (FSDC), convened by Vice Premier Liu He for its first meeting, concluded on Monday that Ch...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday that talks with North Korea were “going well” as U.S. officials seek to reach an agreement with Pyongyang over a denuclearization plan following last month’s summit between Trump and North Korean leader Kim Jong Un.The White House has characterized ongoing meetings as positive but not commented on recent news repo...Read More
(Bloomberg) - Sibanye Gold Ltd. said gold output in South Africa will be 6 percent lower than expected this year while costs will be higher, after a series of fatal accidents disrupted operations.There have been 21 people killed at Sibanye's South African mines this year, nearly half of the total 47 reported deaths across the local industry. The company is addressing the issue with "utmost urgency...Read More
Newmont Mining Corp.(NYSE: NEM) says it has achieved commercial production at its Twin Creeksunderground expansion project in Nevada. The Twin Creeks underground mine willadd between 30,000 and 40,000 ounces of gold production per year at all-insustaining costs of between $650 and $750 per ounce for its first fiveyears of production, Newmont says. The new ore will also allow Newmont toprocess...Read More
LONDON (Reuters) - Prime Minister Theresa May has called on her Conservative Party to “stand together” over Brexit, days before a crunch meeting she hopes will overcome bitter rifts over how Britain should leave the European Union.Britain’s exit from the bloc will mark its biggest trading and foreign policy shift in almost half a century. But May has struggled to unite her minist...Read More
(Kitco News) - Gold and silvermarkets are trading with decent gains and near theirdaily highs in late-morning action Tuesday. Bullish outside markets thatinclude a lower U.S. dollar index and crude oil prices that have surged to a3.5-year high above $75.00 a barrel in Nymex futures are boosting the preciousmetals, after they dropped to multi-month lows on Monday. Bargain hunting and shortcovering...Read More
More bullish brokerage notes could come down the pike Roku Inc (NASDAQ:ROKU) stock is up 4.1% to trade at $45.07, after Oppenheimer upgraded the streaming name to "outperform" from "perform," while setting a $50 price target. The analyst in coverage believes the company's new Roku Channel feature will boost video advertising revenue. Oppenheimer's price target sits in territory Roku stock has no...Read More
Short-term ALB options appear attractive, tooMining stock Albemarle Corporation (NYSE:ALB) is trading up 2.9% today at $96.23 thanks to an upgrade at Goldman Sachs. The firm lifted its opinion on ALB shares to "buy" from "neutral," saying the sell-off in the lithium market was overdone,providing an attractive entry point to go long on the equity. This matches the general opinion on the Street, whe...Read More
Mr. Mike Mutchler reportsAMARILLO GOLD ANNOUNCES COMPLETION OF THE SALE OF AN NSR ROYALTY TO ROYAL GOLD FOR USD $10.8 MILLION Amarillo Gold Corp. has completed the previouslyannounced sale of a perpetual 1.75-per-cent net smelter return royalty on the Mara Rosa gold project to RG Royalties LLC, a wholly owned subsidiary of Royal Gold Inc., for $10.8-million (U.S.). The proceeds of the sale are ex...Read More
BERN (Reuters) - President Hassan Rouhani appeared on Tuesday to threaten to disrupt oil shipments from neighboring countries if Washington presses ahead with its goal of forcing all countries to stop buying Iranian oil.The comments, published on Iran’s presidential website on Tuesday and partially repeated at a later news conference in Switzerland, could be open to interpretation. However,...Read More
Brazilian Eike Batista, the former oil and mining billionaire who lost his fortune and spent time in jail last year for alleged corruption, will have to hang about behind bars for the next 30 years.After a corruption trial, the outspoken entrepreneur whose meteoric rise and fall made him the poster boy of a decade-long boom in Brazil that ended four years ago, was found guilty of bribing former R...Read More
BRUSSELS/BERLIN (Reuters) - China is putting pressure on the European Union to issue a strong joint statement against President Donald Trump’s trade policies at a summit later this month but is facing resistance, European officials said.In meetings in Brussels, Berlin and Beijing, senior Chinese officials, including Vice Premier Liu He and the Chinese government’s top diplomat, State C...Read More