(Reuters) - Colgate-Palmolive Co’s (CL.N) quarterly sales just met analysts’ estimates on Friday as demand in emerging markets including Latin America was below its expectations, sending its shares down 3 percent in premarket trading.Growth in organic sales slowed in the first quarter from the previous quarter, even as the company spent more on advertising and cut prices to spur demand...Read More
LONDON, April 27 (Reuters) - Greece’s government bond yields hit a 2-1/2 month low on Friday after as euro zone finance ministers said they are set to decide in June on the future steps to help Greece successfully end its current bailout programme.“The Eurogroup will decide in June all the elements that can help facilitate the Greek exit from the bailout programme,” Mario Centeno...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
SOFIA (Reuters) - The European Central Bank urged Greece to conclude reforms agreed with its euro zone creditors in time to successfully exit its bailout programme in August.Concluding the last batch of reforms on time was of the “utmost priority for Greece,” ECB board member Benoit Coeure told a news conference in Sofia, the Bulgarian capital.Reporting by Francesco Guarascio; editing...Read More
Although the recent pattern ingold has become ugly, there should be a dead-cat bounce in the metal in thenext couple of days. Gold has been in a consolidation pattern for months andonce again the metal is coming down to the bottom end, which suggests a bounce.Even if gold headed lower, whichis expected, a healthy bounce to $1,330-$1,340 is in the cards. Gold has becomevery oversold the last four t...Read More
(Adds details, quotes, context)MOSCOW, April 27 (Reuters) - Russia’s Rusal will be forced to quit the global aluminium market and focus on domestic consumers if the U.S. does not lift sanctions once an independent board is in place, a source familiar with the matter said.Washington this month imposed sanctions on billionaire Oleg Deripaska and several companies in which he is a large shareho...Read More
TOKYO (Reuters) - Japan’s central bank kept policy unchanged on Friday but ditched a timeframe it had set for hitting its inflation target, in a surprise move analysts say is aimed at keeping market expectations for more stimulus in check.Bank of Japan Governor Haruhiko Kuroda warned of downside risks clouding the price outlook, such as companies’ reluctance to raise wages, underscorin...Read More
SEOUL (Reuters) - The leaders of North and South Korea embraced on Friday after pledging to work for the “complete denuclearisation of the Korean peninsula”, on a day of smiles and handshakes at the first inter-Korean summit in more than a decade.The two Koreas announced they would work with the United States and China this year to declare an official end to the 1950s Korean War and se...Read More
Detour Gold Corp. (TSX: DGC) reports a profitable first quarterand announces revised output guidance for 2018. Net earnings for the firstquarter were $9.9 million, or 6 cents per share, up from $6 million, or 3cents, in the same period a year ago. Adjusted net earnings came to $28.2million, or 16 cents, up from $5 million, or 3 cents. Gold production was157,141 ounces during the first quarter, up...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
* Gold on track for second weekly fall * Silver set for biggest weekly fall in nearly three months * Platinum hits four-month low (Recasts throughout, updates prices; adds comment, secondbyline NEW YORK to dateline)By Renita D. Young and Eric OnstadNEW YORK/LONDON, April 27 (Reuters) - Gold edged higher onFriday after the dollar and U.S. Treasury yields backed offhighs, but the prospect of a Korea...Read More
* Aluminium falls as supply fears abate * LME/ShFE arb:* GRAPHIC-2018 asset returns: (Updates with closing prices)By Jan HarveyLONDON, April 27 (Reuters) - Aluminium fell on Friday aftersources said sanctions-hit Russian producer Rusal willoverhaul its management structure to restore shipments, furtherdampening fears of a supply shortfall.The metal was set for its biggest weekly drop in seven year...Read More
Gold declines further as the US Dollar stretches to claim more. Markets are bidding up as earnings beat estimates for US equities. Gold is trading on the low side after falling in Thursday's trading, testing into 1,315.00. Gold fell into fresh lows for April after the US Dollar kicked up slightly during the American trading session yesterday, even as equities gained on the day with the...Read More
Join us at SMM’s Asia Metals Seminar during LME Asia week, co-hosted with Hong Kong Exchanges and Clearing Limited (HKEX) and Bloomberg, on Tuesday May 15.The event features global industry leaders who will share their perspectives on a range of topics including EV metals, battery materials, and base metals outlook amid supply volatility. The rising importance of index would also be discusse...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed higher for a second straight day, after closing higher Wednesday and shaking a five-session losing streak. Advanced Micro Devices Inc. popped 13% after the chipmaker beat analysts' forecasts.Shares of Facebook Inc. rose 9% on Thursday after the social media giant posted earnings that beat Wall...Read More
SHANGHAI, Apr 27 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index continued to rise overnight, bolstered by strong economic data from the US as well as the 10-year treasury yield breaching the 3% threshold for the first time in four years earlier in the week.LME aluminium jumped 1.6% following news that Oleg Deripaska...Read More
Know These Stats for Thursday's Trading Session Industrial stocks have had a rough week after Caterpillar's (CAT) comments on demand provoked the bears. It's not shocking investors would react negatively given their high expectations for the industrials patch. Points out Yardeni Research, "Revenue and earnings growth rates for the [industrials] sector are expected to be robust. Analysts' consens...Read More
New Gold announced a loss of $0.05 per share in Q1 2018.The company produced only 96,882 toz gold and the AISC climbed to $1,219/toz.The main problem was the Rainy Rivermine that experienced several issues that led to a production of only 39,325 toz gold, at an AISC of $2,447/toz.The management believes that the issues have been solved and the 2018 production and cost guidance will be met.In the n...Read More
Bob Moriarty ArchivesApr 27, 2018When I was a kid my baseball heroes wereMickey Mantle and Roger Maris. At the age of fourteen, I was eighty pounds soaking wet so the only thing I played well was the radio. I used to have to run around in the shower to get wet. Year after year Maris and Mantle would go back and forth each trying to hit more home runs than the other. Eventually I learned that hitte...Read More
CloseGain/LossOn WeekGold $1323.60+$6.10-0.90%Silver$16.52UNCH-3.56%XAU82.93+0.49%-2.57%HUI182.04+0.84%-1.16%GDM634.13+0.61%-0.40%JSE Gold1095.67+0.56-0.70%USD91.51-0.08+1.31%Euro121.28+0.22-1.31%Yen91.75+0.15-1.38%Oil$68.10-$0.03-0.41%10-Year2.959%-0.023UNCHBond143.1875+0.8125+0.13%Dow24311.19-0.05%-0.62%Nasdaq7119.80+0.02%-0.37%S&P2669.91+0.11%-0.01% The Metals: Gold fe...Read More