NEW YORK (Reuters) - The dollar, yen and Swiss franc rose on Tuesday as traders piled into perceived less risky currencies after U.S. President Donald Trump threatened to slap more tariffs on China, fanning a trade dispute between the world’s two biggest economies.Trump said he would impose a 10 percent tariff on $200 billion of Chinese goods, following levies on $50 billion worth of Chinese...Read More
(Kitco News) -Gold and silver prices are modestly lower in early-afternoon U.S. trading Tuesday. Goldfell to a six-month low and silver hit a four-week low today. The preciousmetals have fallen victim to a general sell off in the raw commodity sectoramid fears of a major world trade war developing. Adding to downside pressureon the metals today is a surging U.S. dollar index that hit an 11-month h...Read More
(Kitco News) -Gold and silver prices are modestly lower in early-afternoon U.S. trading Tuesday. Gold fell to a six-month low and silver hit a four-week low today. The precious metals have fallen victim to a general sell off in the raw commodity sector amid fears of a major world trade war developing. Adding to downside pressure on the metals today is a surging U.S. dollar index that hit an 11-mon...Read More
The stock fell 8% after the company's last earnings reportChipmaker Micron Technology, Inc. (NASDAQ:MU) is slated to report fiscal third-quarter earnings after the close tomorrow. Micronstock is down 1.2% at $57.78, at last check, suffering alongside other tech names as China trade tensions continue to heat up. What's more, MU options are pricing in a much bigger-than-usual move for the stock aft...Read More
The stock just flashed a historical 'buy' signalSince2016, the New York Times Co (NYSE:NYT) has been under constant fire from President Donald Trump for its proliferation, in his words, of "fake news." Despite his assertion that the publication has been "failing," the stock has outperformed in recent years. And although NYT is down 0.9% to trade at $24.80 at last check, the publishing name just o...Read More
• Fails to build on early gains led by reviving safe-haven demand. • Resurgent USD demand prompts some aggressive selling. • Technical weakness aggravates the fall in the last hour. After an initial uptick to $1284 area, Gold came under some renewed selling pressure and tumbled to fresh six-month low in the last hour. In t...Read More
The market's "fear gauge" briefly printed a 14 handleStocks are pulling back sharply today due to the most recent tariff threat out of the Trump administration. The Dow Jones Industrial Average (DJI) has shed more than 300 points -- putting it on pace for a sixth straight down day, which would mark its longest losing streak since March 2017. Upgraded Verizon (VZ) stock is one of only a handful of...Read More
Val-d'Or, Qu?(C)bec, June 19, 2018 - Abitibi Royalties Inc. (RZZ:TSX-V) (OTC - Nasdaq Intl:ATBYF) ("Abitibi Royalties" or the "Company") is pleased to announce that it has been admitted to the Nasdaq International Designation program effective today and its common shares will trade in the United States under the ticker ATBYF.The Nasdaq International Designation program commenced in December 20...Read More
Image from CEO.caJohn Boehner was second in the line of United States presidential succession as Speaker of the House (Republican, Ohio January 5, 2011 - October 29, 2015).Almost a year to the day after Boehner joined the board of directors of Arizona Mining ("Arizona"), a Canadian junior mining company developing a base metals project near Tucson, he's walking away with a cool million dollar pa...Read More
(Bloomberg) - The biggest threat posed by South Africa's new Mining Charter may be to mines that haven't been dug yet.The draft rules, published Friday by Mineral Resources Minister Gwede Mantashe, lay out several requirements for new mining rights, including that nearby communities and employees each get a 5 percent free-carried interest in either the asset or the company that owns it. The charte...Read More
Analyst: U.S. users are spending less time on SnapchatIn line with the broad market sell-off today, shares of Snap Inc (NYSE:SNAP) are plummeting -- down 9.7% to trade at $12.71, at last check -- after Cowen lowered its price target to $9 from $10. The new target represents a discount of nearly 36% to SNAP stock's closing price yesterday, and would represent a new record low for the social media s...Read More
(Reuters) - Global oil prices look poised to rise in the medium term, but since the United States produces more oil than it once did and businesses are more judicious in their fuel use, a jump in oil prices would not hurt the country’s economic growth much, a U.S. central banker predicted on Tuesday.“It is the view of Dallas Fed economists that the negative impact of higher oil prices...Read More
MOSCOW, June 19 (Reuters) - Sanctions-hit Russian aluminium producer Rusal said on Tuesday it had started shipping bauxite from its Dian-Dian bauxite project in Guinea to its alumina refineries in other countries.Rusal, the world's largest aluminium producer outside China, has been hit by U.S. sanctions imposed on it and co-owner Oleg Deripaska in early April, a move that damaged the company's exp...Read More
The fund has been in a channel of lower highs and lows since MarchThe iShares MSCI Emerging Markets ETF (EEM) has been struggling on the charts in recent months. The fund has been locked in a channel of lower highs and lower lows since March, and this tidy downtrend shows no signs of slowing. Former support at the 200-day moving average has transformed into resistance in recent weeks, and earlier...Read More
BRUSSELS (Reuters) - European Union countries will commit to drive reform of the World Trade Organization to ensure trade is both free and fair, assuming their leaders adopt draft conclusions prepared ahead of next week’s EU summit.EU leaders will meet in Brussels on June 28-29 to discuss a range of issues, including migration and security as well as trade, which has taken on added importanc...Read More
BRUSSELS (Reuters) - The European Central Bank is considering ditching a plan to impose new rules on all euro zone banks under its watch to reduce their bad loans, and instead moving toward a “case-by-case approach”, the head of its supervisory body said on Tuesday.“We are more going to a case-by-case approach, probably, but with some safety elements,” the ECB supervisor Da...Read More
Dr. John-Mark Staude reportsRIVERSIDE COLLECTS CHIP & GRAB SAMPLES UP TO 19.9 G/T GOLD & 200 G/T SILVER AT THE 100%-OWNED LA SILLA PROJECT IN MEXICO Riverside Resources Inc. has released results from exploration work on its 100-per-cent-owned La Silla gold project located 75 kilometres northeast of Mazatlan in Sinaloa, Mexico. Riverside geologists collected 52 chip, channel and grab samp...Read More
Dr. John-Mark Staude reportsRIVERSIDE COLLECTS CHIP & GRAB SAMPLES UP TO 19.9 G/T GOLD & 200 G/T SILVER AT THE 100%-OWNED LA SILLA PROJECT IN MEXICO Riverside Resources Inc. has released results from exploration work on its 100-per-cent-owned La Silla gold project located 75 kilometres northeast of Mazatlan in Sinaloa, Mexico. Riverside geologists collected 52 chip, channel and grab samp...Read More
LONDON (Reuters) - Chinese stocks fell almost 4 percent and alarm bells rang across global markets on Tuesday, as trade tensions between the United States and China escalated further.The yuan also hit a five-month low overnight after U.S. President Donald Trump threatened to impose a 10 percent tariff on another $200 billion of Chinese goods. Beijing in turn warned about $50 billion of retaliatory...Read More
VIENNA/MOSCOW (Reuters) - Russia and Saudi Arabia are pushing OPEC and its allies to raise oil output steeply from July to meet growing demand and cover supply outages in Venezuela and Libya despite opposition from several members of the producer group including Iran.“Oil demand usually grows at the steepest pace in the third quarter ... We could face a deficit if we don’t take measure...Read More