(Kitco News)- The gold market has suffered under the weight of rising U.S.interest rates and a stronger U.S. dollar, but one bank sees a shift coming asequity markets have seen increased selling pressure this this past month.Analysts at Bank of America Merrill Lynch (BAML) said that inthis current environment they see gold prices pushing to $1,400 an ounce by theend of 2019. Along with their long-...Read More
(Kitco News) - The gold market has suffered under the weight of rising U.S. interest rates and a stronger U.S. dollar, but one bank sees a shift coming as equity markets have seen increased selling pressure this this past month.Analysts at Bank of America Merrill Lynch (BAML) said that in this current environment they see gold prices pushing to $1,400 an ounce by the end of 2019. Along with their...Read More
Trump's trade spat with China directly impacted CAT and MMM earningsIt's an ugly day on Wall Street, with the Dow Jones Industrial Average (DJI) down more than 400 points at midday and on track to breach the 25,000 level on a closing basis for the first time since July 12. Weighing on the blue-chip index are negative earnings reactions for Caterpillar (CAT) and 3M (MMM), with results for both firm...Read More
NEW YORK (Reuters) - Oil prices fell nearly 3 percent to more than one-month lows on Tuesday after Saudi Arabia said it could supply more crude quickly if needed, easing concerns ahead of U.S. sanctions on Iran and as U.S. equity markets sold off.Brent crude futures LCOc1 dropped 2.8 percent, or $2.27, to $77.56 a barrel by 11:21 a.m. EDT (1521 GMT) after plunging to $77.50, the lowest since Sept....Read More
WASHINGTON (Reuters) - White House advisers on Tuesday are set to recommend that U.S. President Donald Trump’s planned U.S. Space Command develop ways for the military to operate in outer space, according to two administration officials briefed on the plans.The National Space Council, a White House advisory panel, will also recommend a review of existing treaty issues, and will unveil propos...Read More
China-owned conglomerate CITIC and subsidiaries Sino Iron and Korean Steel have launched legal proceedings in the Australian Federal Court against mining tycoon turned politician, Clive Palmer, and his private company, Mineralogy.The Chinese firms have vowed to vigorously defend against an action launched by Palmer's private company over environmental rehabilitation funds for the massive Sino Iron...Read More
Near-term HRL options are pricing in low volatility expectations at the momentSpam producer Hormel Foods (NYSE:HRL) fell 5% in immediate aftermath of its late-August quarterly report, but quickly pivoted that same day and went on to gain more than 10% over the next few weeks. The stock is up 14.8% in 2018 and 36% year-over-year, with a recent pullback contained by its 40-day moving average. With t...Read More
China-owned conglomerate CITIC and subsidiaries Sino Iron and Korean Steel have launched legal proceedings in the Australian Federal Court against mining tycoon turned politician, Clive Palmer, and his private company, Mineralogy.The Chinese firms have vowed to vigorously defend against an action launched by Palmer's private company over environmental rehabilitation funds for the massive Sino Iron...Read More
"Red Pine Drills 3.5 g/t Gold Over 32.8 Metres, Including 4.99 g/t Gold Over 17.6 Metres at its Wawa Gold Project @RedPineExpl https://t.co/Irz5zZm3wy"Read full newsRead More
The stock market opened with a resounding thud on Tuesday morning, as the Dow Jones Industrial Average DJIA, -0.99% , at one point, had shed more than 500 points. The S&P 500 index SPX, -0.66% and the Nasdaq Composite COMP, -1.63% endured even harder hits, down more than 2% each. Read: Dow plunges amid corporate outlook, China selloff So, you must positioning yourself for that tasty bounc...Read More
The earnings disappointments continue with CAT and 3M the latest to add to fears aboutRead full newsRead More
"Wallbridge Intersects 37.91 g/t Gold Over 5.26 Metres and 21.00 g/t Gold Over 4.56 Metres @WMmining https://t.co/4VVxyd909h"Read full newsRead More
Could this biotech bet bank you 1,700% profit?Contributed by Raging BullBig pharma isn't what it use to be and investors are wondering what the future holds for the Goliaths of the industry.Kyle Dennis, one of the most well known up and coming traders, saw this shift happening when others didn't. Years ago, he began to place a heavy emphasis on small-cap biotech stocks he saw enormous upside for a...Read More
Short-term options premiums are relatively rich at the moment, thoughThe shares of Cronos Group Inc (NASDAQ:CRON) topped out at a record high of $15.30 on Sept. 19, as the cannabis craze gripped Wall Street. The weed stock has since retreated from this milestone, and following a quick pop higher last week ahead of Canada's legalization of recreational marijuana, is down 8.2% today to trade at $7.8...Read More
The company is making fast progress on its expansion into automotive and wants to start manufacturing ASAP.Read full newsRead More
(Reuters) - Tesla Inc (TSLA.O) shares rose 6 percent on Tuesday, after long-time critic and short-seller Citron Research had a change of heart on the company’s outlook, praising the success of the electric carmaker’s mass market Model 3 sedan.The firm lauded Tesla’s Model 3 in a research note, saying the sedan is a proven hit and many of the warning signs around the company have...Read More
Barrick Gold Corp. favors taking back control of its separately listed Tanzanian assets after completing its takeover of Africa-focused rival Randgold Resources Ltd., according to people familiar with the situation.Barrick spun off those assets in 2010 into a company now called Acacia Mining Plc. That unit - listed in London but majority owned by Barrick - has been dogged by operational setbacks...Read More
Barrick Gold Corp. favors taking back control of its separately listed Tanzanian assets after completing its takeover of Africa-focused rival Randgold Resources Ltd., according to people familiar with the situation.Barrick spun off those assets in 2010 into a company now called Acacia Mining Plc. That unit - listed in London but majority owned by Barrick - has been dogged by operational setbacks...Read More
NEW YORK (Reuters) - The U.S. dollar fell on Tuesday after Wall Street opened lower, spurring a risk-off move that benefited the safe-haven Japanese yen and Swiss franc against the greenback.The Dow Jones Industrial Average .DJI, the S&P 500 .SPX and the Nasdaq Composite .IXIC were all around 2 percent lower at mid-morning, dragged down by disappointing earnings from industrial bellwether...Read More
(Reuters) - A group of former executives from Autodesk Inc and Flex Ltd has raised $179 million in venture capital for a manufacturing startup that aims to use a combination of robots and new software to remove much of the manual labor from manufacturing electronic devices.San Francisco-based Bright Machines focuses on two areas. One is “micro-factories” made up of robot cells it says...Read More