Gold hasfallen back below $1,320 per ounce at the start of a new trading week. “One factorweighing on its price remains the firm U.S. dollar,” Commerzbank says. “Thesigns of detente in the North Korean conflict are also contributing to the lackof solid demand for gold as a safe haven at present. Following the historicmeeting between North Korean leader Kim Jong-un and South Korea...Read More
(Kitco News) - Gold pricesare moderately down and have dropped to a five-week low in early U.S. trading Monday.Silver prices are also weaker and hit a three-week low overnight. The recentsolid rally in the U.S. dollar index continues to curtail buying interest inthe precious metals markets. June Comex gold futures were last down $9.80 anounce at $1,313.70. May Comex silver was last down $0.141 at...Read More
LONDON (Reuters) - Sainsbury’s has agreed to buy Walmart’s Asda for about 7.3 billion pounds ($10 billion) to create Britain’s biggest supermarket group by market share, overtaking long-standing industry leader Tesco.Bringing together Britain’s second- and third-largest supermarket groups could generate the savings and buying power to help them better compete with fast-grow...Read More
(Reuters) - Marathon Petroleum Corp said on Monday it would buy rival Andeavor for more than $23 billion, forming a company that would leapfrog Valero Energy Corp as the largest independent U.S. refiner by capacity.Shale oil fields have pushed U.S. crude production to record highs and industry experts argue operations that have capacity to refine light crude like Andeavor will be better positioned...Read More
* Euro zone bond yields up 1-2 bps on day* German Bund yields set to end April 9 bps higher* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates throughout)By Dhara RanasingheLONDON, April 30 (Reuters) - Government bond yields in the euro area nudged up on Monday, reversing some of the sharp falls seen late last week, with bigger rises limited by further signs that inflation in the b...Read More
LONDON (Reuters) - Oil fell on Monday after a rising rig count in the United States suggested the shale boom is showing no signs of slowing, but prices remain near their highest in more than three years and are set for a second straight month of gains.The prospect of the United States reimposing sanctions on Iran and OPEC’s continued discipline in withholding output have kept the market well...Read More
(Reuters) - Allergan Plc’s (AGN.N) quarterly profit topped Wall Street forecasts, driven by higher sales of its medical aesthetics products including blockbuster wrinkle treatment Botox.Allergan said on Monday revenue from the aesthetics unit, which also sells products that can melt excess body fat, rose nearly 30 percent in the three months ended March 31.The company’s revenue overall...Read More
Roxgold Inc. (TSX: ROXG) has announced a program to buy backshares. Specifically, Roxgold is implementing a “normal course issuer bid,”which has been accepted by the Toronto Stock Exchange, because the company“believes that from time to time the market price of Roxgold’s common sharesdoes not reflect the underlying value of the common shares.” The company saysit ended...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Gold bounced on Friday, which wasexpected, and today it has given back all of Friday's gains. This action is nosurprise as gold hovers near the recent lows. The $1,310 price is the key levelas to whether gold is going to break down or find support.After breaking out a couple ofweeks ago, silver finds itself in a similar situation to gold although a littlestronger. Silver has violated support but i...Read More
That the world's largest mortgage bankers- Fannie Mae and Freddie Mac, which at the time were responsible for nearly 50% of all the mortgages in America-would soon go bankrupt.No one believed Porter Stansberry nine years ago.As head of one of America's largest independent financial research firms, Mr. Stansberry's work back in 2008 led him to a bold, but worrisome, conclusion:That the world's larg...Read More
There are several "conventional" methods of trading earnings that most option traders are taught... Sponsored by TheoTradeFour times a year, publicly-listed companies are required to step up to the earnings confessional to announce revenue and earnings per share results for the prior quarter and future projections for growth going forward. These are conducted through prepared press releases and co...Read More
Barrick Gold (TSX, NYSE:ABX) and NovaGold Resources' (TSX, NYSE-MKT: NG) proposed gold mine in Alaska has received a long-waited final environmental clearance, granted by the U.S. Army Corps of Engineers, the Canadian miners said Monday.The Dolin project, one of the world's largest, highest grade, known gold deposits, is expected to require a $6.7 billion investment from the two owners, which ar...Read More
US Treasury yields skewered Gold prices recently, and the precious metal is struggling to recover. Inflation concerns have continued to pick up in the US, and soon rising interest rates will begin taking chunks out of Gold bulls' efforts. Gold is trading into the new week on a low note, testing back into 1,321.00 in early Monday action. The precious metal rebounded on Friday after falling st...Read More
CloseGain/LossGold $1314.70-$8.90Silver$16.31-$0.21XAU81.15-2.15%HUI178.47-1.96%GDM622.44-1.81%JSE Gold1104.60+8.93USD91.85+0.34Euro120.84-0.44Yen91.58-0.17Oil$68.47+$0.4710-Year2.935%-0.024T-Bond143.53125+0.34375Dow24163.15-0.61%Nasdaq7066.27-0.75%S&P2648.05-0.82% The Metals: Gold fell $13.40 to $1310.20 at about 10AM EST, but it then rallied back higher into the close a...Read More
As Doug Casey sits back and watches from South America, the fight is on. China continues to rise and America keeps on it downward path. He fears that the US will try something militarily because it's the only part of the government that's working and it's still superior to China's armed forces. Unfortunately this is the price we pay for unlimited government. Doug Casey is an American-born liberta...Read More
COLORADO SPRINGS, CO, April 30, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced the timing of its 2018 first quarter earnings conference call scheduled for Wednesday, May 2, 2018. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Precious metals expert Michael Ballanger discusses the gold and silver ratio."SHE-NAN-I-GANS"pronunciation: "SH?(TM)?^nan???(TM)nz/"Noun informal1. "secret or dishonest activity or maneuvering." as in "widespread financial shenanigans had ruined the fortunes of many"2. "silly or high-spirited behavior; mischief."To start off, I find it astounding that of all the ways that dictionaries might cite t...Read More
By Clint SiegnerGold and silver have risen substantially off the price bottom put in just 2- 1/2 years ago, but the gains have yet to attract much notice. Gold has gained roughly 28% and silver is up 20%.Meanwhile, another metal has more than doubled since bottoming. This performance should have been more than enough to catch the attention of metals investors, if only they were watching. The me...Read More