WASHINGTON (Reuters) - Democratic Senator Elizabeth Warren promised to fight a U.S. Senate bill easing bank rules introduced following the 2007-2009 global financial crisis as the chamber moved on Tuesday to begin debating the draft bipartisan legislation.Warren, long a consumer advocate, warned customer protections would be eroded as the Senate moved closer to passing the first rewrite of the 201...Read More
WASHINGTON (Reuters) - U.S. House Democrats want answers from Environmental Protection Agency chief Scott Pruitt about political appointees in his agency who got special permission to moonlight for outside clients, which they said may compromise their impartiality.Top Democrats on the House Energy and Commerce Committee and its oversight subcommittee said they sent questions to Pruitt on Monday af...Read More
March 5, 2018 - ATAC Resources Ltd. (TSX-V:ATC) ("ATAC" or the "Company") is pleased to announce receipt of a joint Decision Document from the Yukon Government (YG) and the First Nation of Na-Cho Nyak Dun (NND) stating that the Company's proposed 65-km, private, all-season tote road to the Tiger Gold Deposit will be allowed to proceed.This represents completion of the Yukon Environmental and Socio...Read More
BRUSSELS (Reuters) - The European Union will call on financial leaders of the world’s 20 biggest economies this month to keep the global economy open, after U.S. plans for tariffs on imports of steel and aluminum created a global outcry.Unlike the punitive tariffs the United States frequently imposes on “dumped” or unfairly subsidized goods from specified countries, President Don...Read More
• Renewed USD weakness helps regain positive traction. • Risk-on mood fails to stall the bullish momentum. Gold continued gaining positive traction through the early NA session and is currently placed at fresh multi-day tops, in the $1330 region. After yesterday's brief pause, the precious metal built on last week's recovery move from two-mont...Read More
(Reuters) - A U.S. government national security panel said it identified potential risks that warrant a full investigation of Singapore-based Broadcom Ltd’s (AVGO.O) $117 billion bid for chipmaker Qualcomm Inc (QCOM.O), a senior U.S. Treasury official said in a letter to the companies on Monday.Shares of Qualcomm dipped 3.3 percent on growing investor concern that such government scrutiny, u...Read More
SALISBURY, England (Reuters) - Britain warned Russia on Tuesday of a robust response if the Kremlin was behind a mysterious illness that has struck down a former double agent convicted of betraying dozens of spies to British intelligence.Foreign Secretary Boris Johnson named Sergei Skripal, once a colonel in Russia’s GRU military intelligence service, and his daughter Yulia as the two people...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
Micron Technology, Inc. (NASDAQ:MU) has shot 3.9% higher today to trade at $54.08 -- earlier hitting a 17-year high of $54.64 -- after Goldman Sachs raised its MU price target to $58 from $55, citing expectations for rising DRAM prices. Plus, CNBC's Jim Cramer said the chipmaker could benefit the most from a resurgence in PC popularity, and called MU stock a "buy on this breakout." Options traders...Read More
Gold remains subject to cross-currents while the dollar remains firm.Though gold bulls aren't in control yet, the odds favor them this spring.Stronger raw industrial prices and China strength bode well for gold. Gold prices continue to trend sideways as both supporting factors (the U.S. tariff scare) and detrimental developments (a rising stock market) converged to create headwinds against gol...Read More
Despite more anticipated rate increases, real estate stocks have gone up.Weaker dollars, higher inflation rates, and rising debt levels have all positively impacted gold in the past - something that's expected to continue into the future.Real asset equities should provide attractive income in this environment as corporate earnings grow, allowing for dividend increases.The following Q&A is from...Read More
Major blow to the EU! The populist Five Star Movement won about one-third of thevotes in the Italian general elections. It’s another negative shock for the European establishment. Will these stars shine on gold? Five Stars Movement Triumphs We live in strange times. To be a hairstylist, you need a license. But you can become a politician being just a comedian and telling jokes. We refer here...Read More
WASHINGTON (Reuters) - The Trump administration will try to keep any new steel and aluminum tariffs from hurting the U.S. economy, Treasury Secretary Steven Mnuchin said on Tuesday.“I think we have a way of managing through this,” Mnuchin told House of Representatives lawmakers during a hearing on President Donald Trump’s budget proposal.Reporting by Jason Lange Disclaimer: The...Read More
Continuing on with the trend of retail earnings, Dollar Tree, Inc. (NASDAQ:DLTR) is set to report fourth-quarter earnings tomorrow before the opening bell. DLTR has had a decent year overall, but has pulled back below the 50-day moving average, which could now be acting asresistance -- though the $100 level could serve as a floor going forward. The bargain retailer has picked up 35% over the pas...Read More
WASHINGTON (Reuters) - The U.S. Senate on Tuesday voted 67-32 in favor of beginning to debate a bipartisan bill that would ease rules for mid-sized and small lenders introduced following the 2007-2009 financial crisis.The vote paves the way for the chamber to potentially pass the proposed legislation by the end of the week.The bipartisan bill, authored by Senate Banking Committee chairman Mike Cra...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
Source: Streetwise Reports 03/06/2018A company that Resource Maven Gwen Preston profiled just released a maiden resource for its project in Bulgaria just seven months after it began drilling.Velocity Minerals Ltd. (VLC:TSX.V) on March 5 released a maiden resource for its Rozino Gold Project in Bulgaria. The company reported that at a 0.5 g/t cut-off grade, the resource totals 17 Mt at 1.15 g/t...Read More
Source: Streetwise Reports 03/06/2018Lawrence Roulston, managing director of WestBay Capital Advisors, discusses the mineral-rich, but often overlooked, main island of Fiji, part of the South Pacific Ring of Fire, and several active miners there.Mining in FijiThe Gold Report: Lawrence, thanks for joining us today. You've had a long career in mining. Would you tell us about it?Lawrence Roulston...Read More
HOUSTON (Reuters) - The global oil and gas industry needs to invest more than $20 trillion over the next 25 years to meet expected growth in demand and compensate for the natural decline in developed fields, Saudi Aramco Chief Executive Officer Amin Nasser said on Tuesday.Speaking at the CERAWeek conference in Houston, Nasser said the industry has already lost $1 trillion of investments since the...Read More
MEXICO CITY (Reuters) - Mexico's Economy Minister Ildefonso Guajardo on Tuesday ruled out talk of a bilateral trade treaty with the United States, saying the North American Free Trade Agreement, which is currently being renegotiated, must remain a three-country accord.Guajardo also said in a local TV interview that if the U.S. government were to push ahead with metals tariffs that included Mexico,...Read More