(Kitco News) - Gold prices are modestly lower in early-afternoon U.S. trading Monday. Early gains in the safe-haven metal were lost when the U.S. dollar index rebounded from solid losses overnight and was trading just slightly lower at midday today. August Comex gold futures were last down $2.00 an ounce at $1,297.30. July Comex silver was last down $0.001 at $16.44 an ounce. A solid rally in the...Read More
Source: James Kwantes for Streetwise Reports 06/04/2018James Kwantes, editor of Resource Opportunities, speaks with Ken Armstrong, the CEO of one of the more active diamond companies globally.Vancouver-based North Arrow Minerals Inc. (NAR:TSX.V) is one of the more active diamond exploration companies globally, with a portfolio of projects focused on Canada. Its most advanced-stage project is t...Read More
Source: James Kwantes for Streetwise Reports 06/04/2018James Kwantes, editor of Resource Opportunities, speaks with Ken Armstrong, the CEO of one of the more active diamond companies globally.Vancouver-based North Arrow Minerals Inc. (NAR:TSX.V) is one of the more active diamond exploration companies globally, with a portfolio of projects focused on Canada. Its most advanced-stage project is t...Read More
NEW YORK/SAO PAULO (Reuters) - Walmart Inc (WMT.N) said on Monday that it has sold an 80 percent stake in its Brazilian operations to private equity firm Advent International, exiting an underperforming business in its third major international deal since April.The world’s biggest retailer has been looking to jumpstart its overseas business by retreating from lower-growth markets and investi...Read More
LONDON (Reuters) - British Prime Minister Theresa May told President Donald Trump on Monday that U.S. tariffs imposed on European Union steel and aluminum imports were “unjustified and deeply disappointing” during a phone call.The leaders spoke for the first time since the announcement in a 30-minute call and agreed to discuss the issue further at the G7 summit in Canada later this wee...Read More
BERLIN, June 4 (Reuters) - Daimler said planned launches of battery-powered luxury cars were on schedule on Monday following a report in Germany's Handelsblatt that they were facing delays because of battery shortages and other technical problems.The German business daily said that Daimler's new "EQC" electric midsize sport-utility vehicle will not hit dealerships until June 2019, several months a...Read More
Stocks were gaining on Wednesday following lower opening of the trading session. Is this an upward reversal or just another move up within two-week-long consolidation? Bulls are happier today, but there are still two possible medium-term scenarios.The U.S. stock market indexes gained between 0.9% and 1.7% on Friday, as investors reacted to monthly jobs data release, among other factors. The S&...Read More
Apple is trading at record highs ahead of the eventApple (AAPL) will kick off its annual Worldwide Developers Conference (WWDC) today, with the tech titan expected to unveil updates to its operating systems, including iOS 12, and new tools to help users spend less time on their iPhones. While Apple stock is fresh off a record high ahead of the highly anticipated event, suppliers Cirrus Logic, Inc....Read More
(Bloomberg) - Trade tensions between the U.S. and China are unlikely to be resolved by the existing architecture that governs world trade, according to Stephen Olson, Hong Kong-based Research Fellow at the Hinrich Foundation Ltd.The world's two biggest economies need to agree on a new framework that will allow both of their economic systems to co-exist, something the World Trade Organization does...Read More
Mr. Nelson Baker reportsMINERAL MOUNTAIN DRILLING STARTED AT STANDBYMineral Mountain Resources Ltd. and its subsidiary Mineral Mountain Resources (SD) Inc. have started drilling on the Standby mine property, situated near the town of Rochford, in the Black Hills of South Dakota. As reported previously, three NQ diamond drill holes, ST18-001, ST18-002 and ST18-003, totalling 1,322 metres have been...Read More
Mr. Nelson Baker reportsMINERAL MOUNTAIN DRILLING STARTED AT STANDBYMineral Mountain Resources Ltd. and its subsidiary Mineral Mountain Resources (SD) Inc. have started drilling on the Standby mine property, situated near the town of Rochford, in the Black Hills of South Dakota. As reported previously, three NQ diamond drill holes, ST18-001, ST18-002 and ST18-003, totalling 1,322 metres have been...Read More
MEXICO CITY (Reuters) - Mexico will start a dispute settlement process at the World Trade Organization over U.S. tariffs on steel and aluminum, its economy ministry said in a statement on Monday.The economy ministry said it believed the U.S. tariffs violated WTO rules.Reporting by Daina Beth Solomon; Editing by Frank Jack Daniel Disclaimer: The views expressed in this article are those of the aut...Read More
NEW YORK (Reuters) - Stocks on world indexes and Treasury yields climbed on Monday, while the dollar fell to a two-week low as political tensions in Europe eased.Italy’s anti-establishment parties formed a coalition government on Friday to end three months of political deadlock.Italian bond yields fell after soaring last week on fears a snap election would be called that might effectively be...Read More
The retailer also has attractively priced optionsRetail stocks have made headlines in recent weeks amid a flurry of earnings reports. While retailers like Dick's Sporting Goods (DKS) toasted impressive quarterly results, sector peer Gap Inc (NYSE:GPS) was not as lucky. GPS stock fell 14.6% after a subpar earnings report on May 25, pulling back to its 320-day moving average and a key Fibonacci re...Read More
ATAC Resources Ltd. (TSX-V:ATC) ("ATAC") is pleased to announce the commencement of drilling at its 1,700 km2 Rackla Gold Property in east-central Yukon.The previously announced, ~20,000 m diamond drill program will include: ~10,000 m at the high-grade, Carlin-type Osiris Project; and ~10,000 m at the Carlin-type Orion Project funded by Barrick Gold Corp. ("Barrick") under an exploration partnersh...Read More
ATAC Resources Ltd. (TSX-V:ATC) ("ATAC") is pleased to announce the commencement of drilling at its 1,700 km2 Rackla Gold Property in east-central Yukon.The previously announced, ~20,000 m diamond drill program will include: ~10,000 m at the high-grade, Carlin-type Osiris Project; and ~10,000 m at the Carlin-type Orion Project funded by Barrick Gold Corp. ("Barrick") under an exploration partnersh...Read More
Walmart is the best Dow stock today, thoughThe Dow Jones Industrial Average (DJI) is trading well into triple-digit-gain territory today, as a dearth of market-moving news has stocks continuing their positive momentum from last week's upbeat jobs report. Walmart (WMT) is the best performing blue chip today amid a broader rally in retail stocks and news the company sold the majority of its Brazilia...Read More
GENEVA (Reuters) - The European Union could impose preliminary measures to safeguard its steel and aluminum industries as early as July, although a full investigation will take nine months, EU Trade Commissioner Cecilia Malmstrom told Reuters on Monday.“We can take pre-measures in July already. This is what we are going to discuss. We want to see the preliminary outcomes of the investigation...Read More
OTTAWA (Reuters) - Canada’s cabinet on Monday discussed how to protect the domestic steel and aluminum industry from U.S. tariffs, just hours ahead of a scheduled meeting between Prime Minister Justin Trudeau and domestic industry leaders.U.S. President Donald Trump last week unveiled a 25 percent tariff on Canadian steel and a 10 percent tariff on aluminum, citing national security reasons....Read More
MELBOURNE (Reuters) - Metals traders are moving jobs for the first time in years as a price recovery spills into the trading sector, and more hires are expected as brokers eye opportunities from China's mainland exchanges opening to investors abroad.The signs of an uptick follow a six-year industry shake-out as years of declining prices led to the exit of major traders such as Barclays and Deutsch...Read More