This weekend Trump and his administration sought to temper fears of an all-out trade war between two superpowers.On Sunday the president tweeted, “President Xi and I will always be friends, no matter what happens with our dispute on trade. China will take down its Trade Barriers because it is the right thing to do. Taxes will become Reciprocal & a deal will be made on Intellectual Proper...Read More
Gold will increase until late April.Silver will increase until late April.Will the miners follow the precious metals higher?How to watch for a breakout or consolidation?Will a flash crash propel gold to new highs?Preamble: Gold is slowly rising and making equal highs and higher lows. The market does not seem to care about the metal at the present time due to poor performance. We believe an inflect...Read More
Xi, Trump ratchet down heated rhetoric on tariffs, tradeOil and gold gain, havens including Treasuries and yen retreatEquities are "still reasonably attractive as an asset class," says Goldman Sachs's Sharon Bell.Stocks surged after conciliatory comments from U.S. President Donald Trump and Chinese President Xi Jinping aimed at releasing some pressure from the trade tensions between the world ...Read More
Fading concern over potential escalation in the trade stand-off between China and the United States sparked a recovery in cyclical assets Gold retreated on Monday, erasing the previous session's slim gains as fading concern over potential escalation in the trade stand-off between China and the United States sparked a recovery in cyclical assets such as stocks at bullion's expense.Gold rose half a...Read More
Canadian miner Kinross Gold (TSX:G) (NYSE:KGC) issued a press release today stating that its mining operations in Russia continue to function according to plan and remain unaffected by the new sanctions announced by the United States on April 6, 2018.Last Friday, the U.S. Treasury Department imposed sanctions on seven Russian oligarchs including metal magnate Oleg Deripaska, as well as 12 companie...Read More
Those worried that the positive momentum in the mining and metals sector is beginning to wane after two years of strong gains may find encouragement from a new survey by private capital tracker Preqin.Fundraising by unlisted funds for investment in mining and metals was a non-starter last year. A single private capital fund closed last year after rustling up all of $24 million.A further 13 funds...Read More
Since the year 2000, "the price of bullion has outperformed the S&P two-to-one," says Frank Holmes of U.S. Global Investors.Making the case for investing in gold from CNBC.Read more by MarketSlant EditorRead More
April 9 (Reuters) - The Chicago Board Options Exchange published the top ten active equity options on Monday. The following are the most active calls and puts as of 04:30 p.m. EDT (2030 GMT):CBOE TOP TEN MOST ACTIVE CALLS - Equity OptionsRanking SymbolExpiry Date Strike PriceSeries Volume Last Sale Price Net Change------------------------------------------------------------------------------------...Read More
The Dow was up well over 400 points at its intraday peakDiminishedtrade-war tensions and a surge from the healthcare and tech sectors sent stocks higher for the day, and the Dow up more than 440 points at its intraday peak. Pharmaceutical concern Merck & Co (MRK) took the cake for top performing blue-chip, after positive data from its Keytruda drug trial. Friday's sell-off was quickly forgotten...Read More
Colombia-focused Gran Colombia Gold (TSX:GCM) announced today that gold production for the first quarter of 2018 reached 52,672 ounces, a growth of 35 per cent when compared to the same quarter of 2017."This brings the Company's trailing 12-months' total gold production to 187,485 ounces, up 8% from 2017's annual production of 173,821 ounces and within the Company's production guidance for 2018 of...Read More
(Kitco News) - Stocks were higher Monday as White House Economic Advisor,Larry Kudlow continued to soften the White House’s tone regarding traderelations, noting the intention is not to enter a trade war.When pressed on the free trade topic, tech billionaire MarkCuban said the tariff talks are just another example of taming Trump. “I’ll tell you what this reminds me of: there are...Read More
(Kitco News)- While investment demand has picked up in the global goldmarket, physical demand remains lackluster as seen in Dubai, the world’sepicenter of the bullion market.The struggling physical market was a key topic amongparticipants during the seventh annual Dubai Precious Metals Conference. ChanduSiroya Vice Chairman, Dubai Gold & Jewellery Group noted that physical golddemand has...Read More
* CEO says company able to go it alone on copper/golddiscovery Ecuador riskier than Chile, much less explored By Barbara LewisSANTIAGO, April 9 (Reuters) - SolGold has receivedadvances from a dozen big miners, including BHPand Vale , for its copper and gold discovery inEcuador, an executive said on Monday, but has rejected them todevelop the project alone.SolGold bucked a trend of a lack of new di...Read More
Despite steep 2018 deficits, analysts maintain mostly "buy" ratings on the biotechsThe U.S. stock market has rebounded sharply from last Friday's sell-off, as tariff tensions between Washington and Beijing once again recede. Among individual stocks making big moves are skin specialist Menlo Therapeutics Inc (NASDAQ:MNLO), Nuplazid parent ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD), and gene therapy...Read More
Click the following link to watch video: Source: Reuters InsiderDescription: Facebook Chief Executive Mark Zuckerberg meets with DemocraticSenator Bill Nelson on Capitol Hill a day before he is scheduled to testify toCongress. Rough Cut (no reporter narration)Short Link: Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The auth...Read More
(Adds context, background)By Amanda BeckerWASHINGTON, April 9 (Reuters) - The massive tax cuts signedinto law in December, which Republicans said would pay forthemselves, will balloon the U.S.deficit in years ahead, theCongressional Budget Office said on Monday, possibly hobblingPresident Donald Trump's future agenda.The deficit - the amount that Washington's spending exceedsits revenues - will ex...Read More
* USD/JPY has broken 100-HMA support by the 106.90 Ldn low * CBO's worrisome US budget forecasts take toll* Pair was a rare USD gainer earlier today, falls into line * 106.71 up trendline from Tues's low cracks, 200-HMA 106.62 * Bearish daily Cloud, 50% Fibo and 55-DMA rejections weigh * Daily Kijun and last week's low at 106.02/5.66 next props Disclaimer: The views expressed in this article are...Read More
* Trump could seek coalition on China trade, adviser says * China's president to address key conference on Tuesday * Merck shares jump after positive cancer-drug trial * Indexes up: Dow 1.47 pct, S&P 1.49 pct, Nasdaq 1.66 pct (Updates to late afternoon, changes byline, adds dateline NEWYORK)By April JoynerNEW YORK, April 9 (Reuters) - Wall Street's major indexesrose more than 1 percent each on...Read More
WASHINGTON (Reuters) - U.S. farmers will be protected by the Trump administration during rising trade tensions between the United States and China, Agriculture Secretary Sonny Perdue said on Monday.“We’re not going to allow agricultural producers to bear the brunt of Chinese retaliation as we defend our own interests,” Perdue said during a speech to the National Rural Electric Co...Read More
* Dollar index slips to lowest since March 28 * Stock volatility no big factor for ECB so far: Draghi (Updates market action)By Saqib Iqbal AhmedNEW YORK, April 9 (Reuters) - The dollar fell against abasket of currencies on Monday, on persistent worries about apotential trade conflict between the United States and China andas the euro rose following comments from European Central BankPresident Mar...Read More