US president Donald Trump every now tweets policy changes first and later informs the press or media. He is Nerd American president who whose tweets and policies treats American friends and foes on the same footing. The intent of the Trump's policy to "make America great again" is appreciable. But his ways to communicate has made him the punters favorite. Trade tariffs on steel and aluminum prod...Read More
There have been many adjectives used to describe the current president of the United States, both by his supporters as well as his critics. However, words like "tight-lipped, wordless, and quiet," are rarely if ever used to describe Trump. Case in point, an early morning tweet at 7:21 AM EST, one hour and nine minutes before the release of the Labor Department's monthly employment numbers. Simply...Read More
There have been many adjectives used to describe the current president of the United States, both by his supporters as well as his critics. However, words like "tight-lipped, wordless, and quiet," are rarely if ever used to describe Trump. Case in point, an early morning tweet at 7:21 AM EST, one hour and nine minutes before the release of the Labor Department's monthly employment numbers. Simply...Read More
Fremont Gold (TSXV:FRE) (Read full newsRead More
Meanwhile, President Trump again changed his mind on North KoreaThe Dow got a big boost today from this morning's upbeat nonfarm payrolls report, spending the entire session in triple-digit-gain territory. The S&P 500 followed the Dow's lead, but the Nasdaq outshined them both thanks to a huge rally in the tech sector, with FAANG stocks leading the way. The Nasdaq also had the best week of the thr...Read More
Plus, Morgan Stanley's new price target is weighing on Intelsat stockThe Dow is roaring back to life today thanks to upbeat unemployment numbers. Among individual stocks making notable moves, drug stock Co-Diagnostics Inc (NASDAQ:CODX) is soaring, while oil name Petroleo Brasileiro (NYSE:PBR) and wireless telecommunications issue Intelsat SA (NYSE:I) are plummeting. Here's a closer look at ho...Read More
Steve HollandWASHINGTON (Reuters) - President Donald Trump said on Friday a nuclear arms summit with North Korean leader Kim Jong Un that the United States pulled out of last week will now go ahead as scheduled on June 12 in Singapore.“I think it’s probably going to be a very successful, ultimately a successful process,” Trump told reporters on the White House lawn after meeting...Read More
(Kitco News)- While gold could struggle around the $1,300 an ounce levelfor the next two weeks, the market’s best days this year are stll ahead, saidone market analyst.In an interview with Kitco News, George Milling-Stanley,head of gold investments at State Street Global Advisors, said that investorshave to wait until after the Federal Reserve’s monetary policy decision on June13...Read More
(Kitco News) - While gold could struggle around the $1,300 an ounce level for the next two weeks, the market’s best days this year are stll ahead, said one market analyst.In an interview with Kitco News, George Milling-Stanley, head of gold investments at State Street Global Advisors, said that investors have to wait until after the Federal Reserve’s monetary policy decision on Ju...Read More
(Reuters) - President Donald Trump set tongues wagging across Wall Street and among economists on Friday when he tweeted what some viewed as a tip about the big monthly U.S. payrolls report due out later in the morning.“Looking forward to seeing the employment numbers at 8:30 this morning,” Trump said by tweet at 7:21 a.m. EDT (1121 GMT), just over an hour before the highly anticipated...Read More
Gold settled back below $1,300 an ounce on Friday, as upbeat monthly U.S. employment data buoyed the dollar and suggested that the Federal Reserve remains on track to raise interest rates later this month and later this year. Relative calm also returned to Italian politics, a move also seen helping to pave the way for U.S. action on rates. August gold GCQ8, -0.52% lost $5.40, or 0.4%, to settle a...Read More
Steve Holland, Hyonhee ShinWASHINGTON/SEOUL (Reuters) - A senior North Korean official met U.S. President Donald Trump on Friday at the White House to hand him a letter from North Korean leader Kim Jong Un, as the two countries try to put a derailed summit back on track.Kim Yong Chol, a close aide to the North Korean leader, is the highest level figure from the secretive state to hold talks at the...Read More
The price of cobalt is down 7% since hitting near 10-year peaks in March to exchange hands for $89,000 a tonne this week.Cobalt is still up nearly fourfold since hitting multi-year lows at the beginning of 2016 as worries about supply of the battery raw material combine with expectations of booming demand from the electric vehicle sector. Cobalt's traditional application as an alloy in among oth...Read More
Apple will host its developers conference next weekThe tech sector is hot today, and that's providing a lift for iPhone maker Apple Inc. (NASDAQ:AAPL). AAPL shares are trading up 1.7% at $189.98, putting them just below their May 10 all-time high of $190.37. Aside from the broader market tailwinds, the Wall Street Journal just published a story about Apple's push to expand its ad business (subscri...Read More
LIMA, June 1 (Reuters) - China's COSCO Shipping Holdings Co Ltd will build and operate a $2 billion port on Peru's Pacific coast, part of $10 billion upcoming Chinese investments in the copper-producing nation, China's ambassador to Peru announced on Friday.The proposed port in Chancay, a town 58 km (36 miles) north of the Peruvian capital Lima, was last under the control of Peruvian miner Volcan....Read More
LIMA, June 1 (Reuters) - China's COSCO Shipping Holdings Co Ltd will build and operate a $2 billion port on Peru's Pacific coast, part of $10 billion upcoming Chinese investments in the copper-producing nation, China's ambassador to Peru announced on Friday.The proposed port in Chancay, a town 58 km (36 miles) north of the Peruvian capital Lima, was last under the control of Peruvian miner Volcan....Read More
The financial shares tend to outperform in the June-August periodBank stocks are trading higher today, after this morning's strong jobs report strengthens the case for a June rate hike from the Federal Reserve. The market is currently pricing in a 91.3% chance the Federal Open Market Committee (FOMC) will raise its key interest rate at the June 12-13 policy-setting meeting. Ahead of the event, sha...Read More
Today LME Stock : 01/06/2018Daily LME stock is as follows: Aluminium up by 500MT, Copper up by 6425MT, Lead down by -75MT, Nickel down by -2958MT & Zinc down by -100MT. Read More
Miners are responding to a rosier metal outlook by increasing spending on exploration and releasing more assay results.Base metal prices are up. Copper bounced off its 2015 nadir of $4,500 a tonne and in the last few months has found a range of $6,600 to $6,700 a tonne, a metal price that ING says is good level to sustain investment. Nickel is on a tear. It jumped to $15,340 a tonne today, its hig...Read More
Miners are responding to a rosier metal outlook by increasing spending on exploration and releasing more assay results.Base metal prices are up. Copper bounced off its 2015 nadir of $4,500 a tonne and in the last few months has found a range of $6,600 to $6,700 a tonne, a metal price that ING says is good level to sustain investment. Nickel is on a tear. It jumped to $15,340 a tonne today, its hig...Read More