Plus, the biotech higher on development plans for its liver disease drugStocks are mostly higher today, with the Dow heading toward its eighth straight win. Apparel retailer Tailored Brands Inc (NYSE:TLRD) and biotech stock Galectin Therapeutics Inc. (NASDAQ:GALT) are enjoying particularly upbeat days, while photocopy specialist Xerox Corp (NYSE:XRX) is struggling. Here's a closer look at wh...Read More
(Kitco News) - Gold prices dropped to session lows amid increased selling pressure as the U.S. dollar index began to climb after markets closed on Monday.June Comex gold futures were last at $1,313.50, down 0.55% on the day, while spot gold on Kitco.com was trading at $1,313.20, down 0.35%.“A drop lower in gold prices has been mostly because of the climbing U.S. dollar. The dollar is positiv...Read More
The company should provide answers on the internal audit revealed last weekThe shares of cybersecurity concern Symantec Corporation (NASDAQ:SYMC) on Friday suffered their worst session in years, after the company revealed an internal audit stemming from concerns flagged by a former employee -- though no further details were given. Today, however, SYMC shareholders should get some answers, with Sym...Read More
CAR stock just pulled back to its 200-day The 20 S&P MidCap 400 Index (MID) stocks listed in the table below have attracted the highest total options volume during the past 10 trading days. Stocks highlighted in yellow are new entries to the list. Data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Two names we want to take a closer look at today are car rental stock Avis Bud...Read More
Editor's Note: The article was updated to reflect a drop in gold prices.(Kitco News)- Gold and silver prices were were moderately lower in afternoon U.S. trading Monday. Rightas the futures markets were closing selling pressure in the metals intensified.At the same time the U.S. dollar index moved up to its session high. June Comexgold futures were last down $7.50 an ounce at $1,313.30. July Comex...Read More
Mr. Nigel Lees reportsSAGE GOLD REPORTS LATEST MILL RUN Sage Gold Inc. has completed its latest bulk sample mill run and fourth of 2018. Approximately 5,800 tonnes of mineralized material were shipped to the custom mill facility for processing.Production statistics including gold ounces produced, grade and mill recovery will not be known until the completion of a metallurgical reconciliation proce...Read More
The DJI is eyeing its longest winning streak since SeptemberU.S. stocks are higher in afternoon trading, with the Dow Jones Industrial Average (DJI) pacing toward its eighth straight gain -- which would represent its longest winning streak since September. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also higher at midday, with the majority of today's surge attributable to easing t...Read More
(Kitco News)- The gold market may have put in its best performance of theyear as the first quarter came to an end and investors looking for highersilver prices might be disappointed this year, according to the latest reportfrom the World Bank.In its semi-annual report, released last month theinternational bank for banks, said its Precious Metals Price Index saw a 4%increase in the first quarter, f...Read More
The retailer will report earnings ahead of tomorrow's openRetail earnings season is heating up, with home improvement name Home Depot Inc (NYSE:HD) scheduled to report its first-quarter results before the market opens tomorrow, May 15. The Dow stock has a history of muted earnings reactions -- averaging a next-day move of just 1.5% over the past eight quarters -- and options traders appear to be b...Read More
The court upheld a New Jersey state law permitting sports bettingMany casino stocks are on fire today, after a Supreme Court (SCOTUS) ruling cleared a path for the legalization of sports gambling in more states. "Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own," wrote Justice Samuel Alito. As such, call options are flying off the...Read More
Source: Streetwise Reports 05/08/2018Conditions may be in place for increased demand and increased prices for a number of commodities. In this interview with Streetwise Reports, Frank Holmes, CEO of U.S. Global Investors, discusses the commodity supercycle and the factors behind it, why some commodities may get more of a boost than others, and ways investors can profit.The Gold Report: Frank,...Read More
Mr. Brett Heath of Metalla Royalty reportsMETALLA ADDS ROYALTY ON AGNICO EAGLE S AKASABA WEST DEVELOPMENT PROJECTMetalla Royalty and Streaming Ltd. has acquired a 2-per-cent net smelter return royalty on the Akasaba West property from Alexandria Minerals Corp.,pursuant to a royalty purchase and sale agreement dated May 11, 2018. Pursuant to the agreement, Metalla and the seller have entered into...Read More
(Kitco News)- Thedivergence between the platinum group metals will continue in 2018, withpalladium forecasted to post a supply deficit of 1.24 million ounces, whileplatinum is seen as a largely balanced market, with a surplus of just 40,000ounces, Metals Focus said Monday.Theconsultancy released its “Platinum and Palladium Focus 2018” report at thestart of Platinum Week in London.Theme...Read More
LONDON, May 14 (Reuters) - Shanta Gold will conduct further exploration near its main mine in Tanzania after cutting costs in the past year to cope with tougher mining laws, the chief executive told Reuters.Shanta's plans buck a trend among other firms that have scaled back ambitions in Tanzania due to laws that include giving the state a bigger stake in mines, a ban on exporting unprocessed miner...Read More
Pandora stock has been strong, but Wall Street is more bullish on SPOTStreaming music stocks Pandora Media Inc (NYSE:P) and Spotify Technology SA (NYSE:SPOT) are in focus this morning, after investment research firm Cascend Securities initiated coverage on both. We'll take a closer look at shares of P and SPOT below, as well as some recent options activity. Cascend Joins P Stock SkepticsCascend st...Read More
Amazon stock is trading higher after the bull noteAmazon.com, Inc. (NASDAQ:AMZN) stock is up 0.3% to trade at $1,607.52 this morning, after receiving some bullish analyst attention from J.P. Morgan Securities. Although no price-target hike or upgrade was given, the brokerage valued Amazon's Prime subscription service at $785 per year, nearly seven times its annual cost -- and more than 44% mo...Read More
Trump suggested Washington and Beijing should work together to support embattled ZTEOptical component stocks are rallying today, after President Donald Trump signaled support for embattled Shenzhen-based tech firm ZTE. Trump tweeted that he and Chinese President Xi Jinping are "working together to give massive Chinese phone company, ZTE, a way to get back into business, fast." In mid-April, the Co...Read More
(Kitco News)- Largespeculators upped their net bullish positioning in gold futures while trimmingtheir bearish posture in silver during the most recent reporting week for datacompiled by the Commodity Futures Trading Commission.“Goldand silver put up a fight against the stronger dollar, with both managing tohold onto key support at $1,300/oz and $16/oz, respectively,” said OleHansen, h...Read More
(Bloomberg) - The battle for some of Russia's richest gold mines has an unusual cast of characters: the scion of one of Europe's great banking families, a Kazakh tycoon with his own cryptocurrency, hedge fund D.E. Shaw, and mystery shareholders.They're all part of a new fight for control over Petropavlovsk Plc, a London-listed miner. For the second time in a year, the company is in the middle of...Read More
The drilling program will follow up on the recently discovered "West Zone" and target additional potential discoveries at Copper KingELKO, Nev., May 14, 2018 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU), a gold exploration and development company, is pleased to announce the forthcoming Copper King drilling program for 2018. This program, comprised of two phases, will begin with an initial ph...Read More