The proposed Barrick/Randgold merger, assuming it is implemented, will likely lead to a positive re-rating of the whole sector.Randgold's management has been brought in by Barrick in an attempt to change the latter's management philosophy for the better.Barrick shareholders may not be happy with a greater involvement in Africa, but Randgold has seen over a decade of virtually uninterrupted...Read More
TOKYO, Nov 2 - Japan's top steelmaker Nippon Steel & Sumitomo Metal reported a 4 percent fall in recurring profit for April-September due to rising costs and slower-than-expected output, but it stuck to its full-year forecast."Domestic steel demand is expected to remain healthy, but we see growing uncertainty over an impact on (the) global economy from US-China trade frictions," Nippon Steel Execu...Read More
ST. LOUIS, Mo. (Reuters) - Bayer AG’s chief executive said this week the company might consider settling lawsuits over Monsanto’s glyphosate-containing weed-killers depending on how high court costs rise, but stressed it remained focused on defending the combined company against claims they cause cancer.Bayer acquired Monsanto this year for $63 billion.“If we can settle nuisances...Read More
(Kitco News)- Wall Street looks for gold prices to rise next week, although many in the weekly Kitco News gold surveyalso described themselves as neutral at the moment due to uncertaintysurrounding U.S. midterm elections on Tuesday.Main Street remainedbullish.The Republicans are seenmaintaining control of the U.S. Senate, but news reports suggest Democrats havea chance to take control of the House...Read More
(Kitco News) - Wall Street looks for gold prices to rise next week, although many in the weekly Kitco News gold survey also described themselves as neutral at the moment due to uncertainty surrounding U.S. midterm elections on Tuesday.Main Street remained bullish.The Republicans are seen maintaining control of the U.S. Senate, but news reports suggest Democrats have a chance to take control of the...Read More
MOSCOW, Nov 2 - Russian steelmaker MMK reported its strongest quarter in a decade on Friday but it postponed the relaunch of steel production in Turkey and warned that falling prices could hit profits in its final quarter.The relaunch of hot-rolled steel production at its Turkish site was delayed earlier this year due to rising trade tensions and a surge in protectionist measures.MMK's third-quart...Read More
...the French megabanks are on the hook!Read full newsRead More
WASHINGTON (Reuters) - President Donald Trump’s bet that tax cuts and a gush of government spending would smooth the path to a second term may falter as cracks begin to appear in a decade-old recovery.After a nine-year bull run, stocks have wobbled. Capital investment has recently weakened despite a corporate tax cut meant to boost it. Home sales have softened for several months running, and...Read More
WASHINGTON (Reuters) - The Securities and Exchange Commission assessed $3.945 billion in disgorgement and penalties across 821 enforcement actions in fiscal 2018, the agency’s enforcement division said in its annual report on Friday.The total was a slight uptick in activity for the SEC, which reported just 754 actions in fiscal 2017 totaling $3.7 billion in disgorgement and penalties.“...Read More
Democrats take control of the Congress and move Trump out of the White House. Sounds unbelievable? So what is probable and what is not? We invite you to read our today's article about the upcoming US Mid-Term Elections and find out what are the likely consequences for the gold market.Elections are approaching the US again. Two years after Donald Trump was elected as POTUS, American voters go to th...Read More
"#FF Must-Follow for great entertainment:@StockCats @RampCapitalLLC @Stalingrad_Poor @QTRResearch @FedPorn @RudyHavenstein @russian_market @Hipster_Trader @jfahmy"Read full newsRead More
A century after many of Chile's mines in the arid northern region were first opened, finding copper, or lithium, or gold or silver isn't as easy as it once was. The concentration of minerals in the earth decreases as the miners dig deeper, meaning companies need to process more ore to extract the same amount of metal - a messy and highly polluting process to begin with. To fuel that effort, they...Read More
A century after many of Chile's mines in the arid northern region were first opened, finding copper, or lithium, or gold or silver isn't as easy as it once was. The concentration of minerals in the earth decreases as the miners dig deeper, meaning companies need to process more ore to extract the same amount of metal - a messy and highly polluting process to begin with. To fuel that effort, they...Read More
A century after many of Chile's mines in the arid northern region were first opened, finding copper, or lithium, or gold or silver isn't as easy as it once was. The concentration of minerals in the earth decreases as the miners dig deeper, meaning companies need to process more ore to extract the same amount of metal - a messy and highly polluting process to begin with. To fuel that effort, they...Read More
A century after many of Chile's mines in the arid northern region were first opened, finding copper, or lithium, or gold or silver isn't as easy as it once was. The concentration of minerals in the earth decreases as the miners dig deeper, meaning companies need to process more ore to extract the same amount of metal - a messy and highly polluting process to begin with. To fuel that effort, they...Read More
WASHINGTON (Reuters) - U.S. Secretary of State Mike Pompeo said on Friday the United States expected to issue eight exemptions to countries importing Iranian oil.Pompeo said the exemptions would be temporary.Reporting by Lesley Wroughton and Susan Heavey; Editing by Susan Thomas Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc....Read More
(Reuters) - Exxon Mobil Corp on Friday reported a quarterly profit that topped analysts’ estimate on higher prices received for its oil and natural gas but its production volumes fell on a year-over-year basis.The company posted third-quarter net income of $6.24 billion, or $1.46 a share, compared with $3.97 billion, or 93 cents per share a year ago. Analysts had forecast a $1.23 a share pro...Read More
Both stocks are pacing for a fourth straight winWe're regularly checking in on historical seasonality trends, offering insights on the best stocks to target in each month. For November, bullish traders may want to consider defense stocks Raytheon Company (NYSE:RTN) and TransDigm Group Incorporated (NYSE:TDG), since data shows that shares of RTN and TDG both tend to succeed during the month. For ex...Read More
"#EV may reach price parity with reg consumer autom. in the first half of next decade, acc. to E. Haegel, ap of BHP's nickel unit. "When that happens, folks will go to look for a car and they will be able to get an electric, or an ICEand I think they will get the electric one""Read full newsRead More
(Reuters) - U.S. oil and natural gas producer Chevron Corp (CVX.N) said on Friday its quarterly profit doubled as record oil and gas production helped overcome a series of one-time items.With the price of crude in the third quarter up 44 percent from the same period a year ago, major oil companies’ earnings have returned to levels not seen in as much as four years.Chevron topped analysts&rsq...Read More