President Trump wants Russia back at the G-7 tableThe Dow closed higher today, but gains were held in check by bubbling trade-war tensions ahead of this weekend's Group of Seven (G-7) meeting. The tit-for-tat tariff issues between the U.S., Canada, and Europe will be in focus during thesummit, and while President Donald Trump said Russia should be reinstated into the talks, French President Emmanu...Read More
Metallis Resources Inc (TSXV:MTS) ("Metallis" or the "Company") is pleased to announce the launch of its Phase 1 2018 exploration program at its 100% owned Kirkham Property, prospective for multiple deposit types in the heart of Northwest British Columbia's prolific Eskay Camp.Read full newsRead More
BUENOS AIRES (Reuters) - Argentina could revise the fiscal targets set as part of a $50 billion financing arrangement with the International Monetary Fund to increase spending on social programs, an IMF director said on Friday.Argentina requested IMF assistance on May 8 after a run on its peso currency in an investor exodus from emerging markets. The country’s stocks rallied on the deal to p...Read More
(Reuters) - Apple Inc (AAPL.O) expects to ship 80 million new model iPhones this year, down 20 percent from what it had planned at the same time last year, Japanese financial daily Nikkei reported on Friday, citing industry sources.The California-based firm has asked suppliers to make about 20 percent fewer components for the three new iPhones it plans to launch in the second half of 2018, compare...Read More
(Reuters) - U.S. stock indexes edged higher on Friday as investors placed bets ahead of a busy week of central bank meetings and some traders cited a shift out of emerging markets most exposed to higher oil prices and global trade tensions.Major indexes fell sharply earlier in the day, as shares of Apple Inc (AAPL.O) and its suppliers were down following a report that the iPhone maker was planning...Read More
(Reuters) - U.S. stock indexes edged higher on Friday as investors placed bets ahead of a busy week of central bank meetings and some traders cited a shift out of emerging markets most exposed to higher oil prices and global trade tensions.Major indexes fell sharply earlier in the day, as shares of Apple Inc (AAPL.O) and its suppliers were down following a report that the iPhone maker was planning...Read More
(Kitco News) - Silver is likely to reach $18.50 an ounce in third quarter of 2018, and maybe even hit 2016 highs of $21.50 an ounce by the four quarter, based on a combination of technical, sentiment, seasonal, and fundamental factors. The white metal is undervalued at current price levels and is expected to become one of the best performing assets, making it an ideal contrarian investment, accord...Read More
A newly FDA-approved ultrasound device has shares of EDAP surgingStocks have managed to move higher, despite the ongoing tension between world leaders. Some stocks making notable moves today are drink producer Monster Beverage Corp (NASDAQ:MNST), medical technology concern Edap Tms SA (NASDAQ:EDAP), and semiconductor name Skyworks Solutions Inc (NASDAQ:SWKS). Below, we will take a closer look at...Read More
LA MALBAIE, Quebec (Reuters) - Leaders from the Group of Seven countries are highly unlikely to issue a final communique when a two-day summit in Canada ends on Saturday because of a lack of consensus among the group, who are deeply divided over trade issues.Several G7 officials told Reuters that a communique - which must be agreed by the leaders of Canada, Britain, the United States, Germany, Fra...Read More
OTTAWA (Reuters) - Higher borrowing costs and tighter mortgage rules in Canada are seen dampening the country’s home price growth more than previously anticipated this year and next, including in the once-hot markets of Toronto and Vancouver, a Reuters poll found.Still, after three interest rate increases since last July and at least one more expected this year, most analysts said they were...Read More
Investors will now turn their attention to the meeting with North Korea and the FedU.S. stocks powered higher this week, despite lingering uncertainty around global trade. The tech sector got the ball rolling early in the week, as FAANG stocks such as Apple (AAPL) and Netflix (NFLX) rallied to all-time highs, a big reason the Nasdaq Composite (IXIC) rattled off three straight record closes. When t...Read More
What's the best way to deal with a teacher who comes into your school and starts threatening all the other teachers? Well if you're Liberal party leader, and Canada's Prime Minister, Justin Trudeau, the answer is to lecture the bullying teacher about how his approach isn't the way to get along with all the other teachers. If you're the bully, you're not going to listen to that, and instead, will r...Read More
(Kitco News) - As this newsletter is being written, the Groupof Seven summit is about to begin in my home province of Quebec. And it lookslike this G7 gathering might be one of the most bitter in years; with the worldon the brink of a trade war, the stakes are high.Before arriving in Canada, President Trump noted he may leave early inpreparation for his upcoming Singapore summit with North Korean...Read More
(Kitco News) - As this newsletter is being written, the Group of Seven summit is about to begin in my home province of Quebec. And it looks like this G7 gathering might be one of the most bitter in years; with the world on the brink of a trade war, the stakes are high.Before arriving in Canada, President Trump noted he may leave early in preparation for his upcoming Singapore summit with North Kor...Read More
Gold futures finished in the red on Friday as the dollar showed a modicum of strength, but intensifying global trade disputes limited losses for bullion, allowing the commodity to hold onto a gain for the week. August gold GCQ8, +0.04% edged down by 30 cents to settle at $1,302.70 an ounce. The metal held retained a modest weekly return of about 0.3%. Price action "suggests that the yellow metal...Read More
Gold futures finished in the red on Friday as the dollar showed a modicum of strength, but intensifying global trade disputes limited losses for bullion, allowing the commodity to hold onto a gain for the week. August gold GCQ8, +0.06% edged down by 30 cents to settle at $1,302.70 an ounce. The metal held retained a modest weekly return of about 0.3%. Price action "suggests that the yellow metal...Read More
* Cash/three month copper spread hits $12/T backwardation* LME/ShFE arb: bit.ly/2wZSAEz* GRAPHIC-2018 asset returns: tmsnrt.rs/2jvdmXl (Updates with closing prices)By Eric OnstadLONDON, June 8 (Reuters) - Lead prices slumped on Friday after inventories rose, a sign that shortages in China were starting to ease.Copper retreated after a six-day rally that pushed the metal to its strongest in 4-1/...Read More
LA MALBAIE, Quebec (Reuters) - French President Emmanuel Macron and U.S. President Donald Trump, who exchanged terse Twitter messages ahead of the G7 summit, had a brief “very cordial” discussion about trade and North Korea, a French official said on Friday.Trump wanted to meet Macron upon his arrival in Quebec and the discussion lasted just over 10 minutes, the official said.Reporting...Read More
Early summer is the weakest time of the year seasonally for gold, silver, and their miners' stocks. With traders' attention diverted to vacations and summer fun, their precious-metals interest and investment demand wane considerably. Thus this entire sector, and often the markets in general, suffer a seasonal lull this time of year. But these summer doldrums offer the best seasonal buying op...Read More
BRUSSELS (Reuters) - EU antitrust regulators are set to approve U.S. cable company Comcast's bid for European pay-TV company Sky without demanding concessions, two people familiar with the matter said on Friday.Comcast is battling Rupert Murdoch's Twenty-First Century Fox for Sky. The media mogul bid's to buy all of Sky has been delayed by politicians and regulators worried about the power of the...Read More