SEOUL (Reuters) - North Korea followed through on a pledge to blow up tunnels at its nuclear test site on Thursday, North Korean state media reported, as part of steps that have reduced tension on the Korean Peninsula and raised the possibility of a summit with the United States.North Korea has conducted all six of its nuclear tests at the Punggye-ri site, which consists of tunnels dug beneath Mou...Read More
WASHINGTON (Reuters) - U.S. Commerce Secretary Wilbur Ross on Thursday said a U.S. national security probe of car and truck imports was still in its early stages but that other countries’ high, artificial barriers such as tariffs and other interventions have skewed the marketplace.“Now it’s very difficult to get back to a reciprocal arrangement,” Ross said in an interview o...Read More
The retailer also raised its current-quarter guidance Retail concern Williams-Sonoma, Inc. (NYSE:WSM) is soaring in early trading, after the company last night upped its current-quarter forecast and reported first-quarter earningsthat surpassed expectations. In response, the stock has received no fewer than four price-target hikes, with the most notable coming from Tesley Advisory Group, which r...Read More
ST PETERSBURG, May 24 (Reuters) - Russia's Alrosa, the world's largest producer of rough diamonds in carat terms, said on Thursday first-half sales would be significantly higher than it originally planned due to market strength.Speaking on the sidelines of the St Petersburg economic forum, Alrosa chief executive Sergey Ivanov told Reuters the first four months of the year showed very good sales re...Read More
BOX options data paints a very bullish pictureCloud content management specialist Box Inc (NYSE:BOX) has rewarded investors with a huge rally in recent months, soaring from a March 2 nadir of $17.53 to a record high of $28.68 on May 10 -- an almost 64% advance in just over two months. The shares were last seen trading at $27.32 after yesterday bouncing near the 20-day moving average, and with the...Read More
GOLD (in USD) Stabilizing near lows. Gold remains weak below resistance at 1300, indicating persistent selling pressures. Hourly support and resistance are given at 1263 (21/12/2017 low) and 1329 (08/03/2018 high). The technical structure suggests short-term downward moves. In the long-term, the technical structure suggests that there is a growing upside momentum. A break of 1'392 (17/03/...Read More
North Korea has threatened a "nuclear showdown" if the U.S. calls off a June 12 summitDow Jones Industrial Average (DJI) futures are pointed lower this morning, after the Trump administration threatened to impose new tariffs on auto imports. Geopolitical tensions remain, as well, with a North Korean official saying the country could call off a June 12 summit with the U.S. following recent comments...Read More
BMO Capital Markets describes Wednesday’s release of minutes fromthe last Federal Open Market Committee meeting as constructive for gold sincethey did not hint at an increased pace of monetary tightening. “The FOMCminutes published yesterday read fairly dovishly...with the key points being thatthe Fed was monitoring curve shape and that a ‘modest’ inflation overshootcould b...Read More
ASCO is filled to the brim with studies that will not likely show up on your radar. Read here to get caught up!Immutep shows off interesting LAG-3 immunotherapy data.Durvalumab fails to impact early HER2-positive breast cancer.Durvalumab does not exactly shine in neoadjuvant triple-negative breast cancer, either.Exelixis has a rare failure against hopes for brain metastasis. The 2018 Annual Meetin...Read More
Editor's Note: Updating earlier story with more details from report.(Kitco News) - Initialweekly U.S. jobless claims topped consensus forecasts by rising 11,000 to aseasonally adjusted 234,000 in the week to Saturday, the Labor Departmentreported Thursday.Consensusexpectations compiled by various news organizations had called for initialclaims to be around 219,000 to 220,000. The government revise...Read More
(Kitco News) - Gold and silver prices are moderately higher in early U.S. trading Thursday. Shortcovering in the futures market and perceived bargain hunting in the cash marketare featured, as the weaker U.S. dollar index today has invited some buyersback into the metals markets. June Comex gold futures were last up $6.70 anounce at $1,296.30. July Comex silver was last up $0.155 at $16.56 an ounc...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Alamos GoldInc. (TSX, NYSE: AGI) reports that underground exploration at the Island GoldMine has resulted an extension of high-grade gold mineralization on three mainareas of focus - the main, eastern and western extensions. The main extensionincludes one finding of 32.06 grams of gold per tonne over 4.1 meters; theeastern extension includes several findings of 35 or more g/t, including one of71.2...Read More
Precious metals producer Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) blasted Thursday comments made by the Association of Mineworkers and Construction Union (AMCU) accusing the company of failing to take precautions two avoid injuries at its mines.According to the union, a seismic event on May 22 caused a fall of ground at the company's Ikamva mine, part of Kloof operations, leaving two employees inj...Read More
Precious metals producer Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) blasted Thursday comments made by the Association of Mineworkers and Construction Union (AMCU) accusing the company of failing to take precautions two avoid injuries at its mines.According to the union, a seismic event on May 22 caused a fall of ground at the company's Ikamva mine, part of Kloof operations, leaving two employees inj...Read More
Precious metals producer Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) blasted Thursday comments made by the Association of Mineworkers and Construction Union (AMCU) accusing the company of failing to take precautions two avoid injuries at its mines.According to the union, a seismic event on May 22 caused a fall of ground at the company's Ikamva mine, part of Kloof operations, leaving two employees inj...Read More
From Amazon, CVS, and AirBnB, early investment is the key to earning big.Any investor who wants to rake in big profits only really needs to know one thing:The biggest fortunes in the world right now are being made in technology.Take the following example:Amazon is now the world's third largest retailer, just behind Wal-Mart and CVS...Airbnb now offers more rooms than Hilton, InterContinental and M...Read More
Gold's struggles appear to beover for now. After bottoming on May 21, gold quietly rallied and has built asolid base, clearing the way for higher prices. The rally came from oversoldconditions; however, it was not a dead-cat bounce or short-covering rally; itwas simply a great technical spot to enter.This rally is making higher highsand higher lows, which should bring gold to the first resistance...Read More
World's largest mortgage bankers- Fannie Mae and Freddie Mac, would soon go bankrupt.No one believed Porter Stansberry nine years ago.As head of one of America's largest independent financial research firms, Mr. Stansberry's work back in 2008 led him to a bold, but worrisome, conclusion:That the world's largest mortgage bankers- Fannie Mae and Freddie Mac, which at the time were responsible for ne...Read More
* Trump calls off June 12 meeting with N.Korea's Kim * Dollar hits near two-week low vs Japanese yen (Updates prices, headline; adds comment, second byline, NEWYORK to dateline)By Renita D. Young and Eric OnstadNEW YORK/LONDON, May 24 (Reuters) - Gold prices surged onThursday, propelled above $1,300 per ounce as the U.S. dollarfaded after U.S. President Donald Trump called off a summit withNorth K...Read More