A 6.16-carat blue diamond that was secretly passed down through European royalty over three centuries has fetched $6.7 million at a Sotheby's auction in Geneva - $1.4 million more than what experts expected it to be sold for.The pear-shaped, dark grey-blue gem, known as The Farnese Blue, sold after just four minutes of bidding. It's believed to be one of the most important historical diamonds left...Read More
Short-term options are pricing in relatively low volatility expectationsChemical giant DowDuPont Inc (NYSE:DWDP) has been stuck in a channel of lower highs and lows since its late-January peak, down more than 13%. In mid-March, the shares breached the $67-$68 neighborhood -- where they were trading when Dow and DuPont merged back in early September -- and several unsuccessful attempts to reclaim t...Read More
SANTIAGO, May 15 (Reuters) - Chilean copper mine Sierra Gorda, controlled by Polish miner KGHM, said on Tuesday it had shut down following a fatal accident involving a contract worker.Roberto Venegasa, an employee of equipment supply firm Finning, died during routine maintenance work at the mine, the company said in a statement."The company has decided to shut down operations and notify authoritie...Read More
SANTIAGO, May 15 (Reuters) - Chilean copper mine Sierra Gorda, controlled by Polish miner KGHM, said on Tuesday it had shut down following a fatal accident involving a contract worker.Roberto Venegasa, an employee of equipment supply firm Finning, died during routine maintenance work at the mine, the company said in a statement."The company has decided to shut down operations and notify authoritie...Read More
(Kitco News)- Gold prices have fallen belowcritical support at $1,300 an ounce and while the market is oversold, there isstill room for prices to move lower, according to some analysts.Gold has finally moved below itsrecent range as the market has been unable to withstand rising interest-rateexpectations, which have pushed U.S. 10-year bond yields above 3%, theirhighest level since 2011. June gold...Read More
(Kitco News) - Gold prices have fallen below critical support at $1,300 an ounce and while the market is oversold, there is still room for prices to move lower, according to some analysts.Gold has finally moved below its recent range as the market has been unable to withstand rising interest-rate expectations, which have pushed U.S. 10-year bond yields above 3%, their highest level since 2011. Jun...Read More
The analyst isn't worried about the NAND market, eitherShares of Micron Technology, Inc. (NASDAQ:MU) are popping today, after Stifel boosted its price target to $101 from $95 -- a nearly 91% premium to last night's close, and the highest MU price target on Wall Street. The brokerage firm cited expectations for rising first-quarter DRAM prices, and said, "the NAND flash market is growing and far fr...Read More
Getty ImagesWorkers on an Ashburn, Va., townhouse. The numbers: Builder confidence in the market for newly built single-family homes rose two points to a level of 70 in May, according to the National Association of Home Builders/Wells Fargo housing market index released Tuesday. The Econoday-compiled consensus was for a 69 reading. April's reading was downwardly revised a point to 68. Any number...Read More
* Euro slips to fresh 2018 low vs dollar * Sterling weak despite British employment jump (New throughout, updates rates and comments as of U.S. marketopen; new byline, changes dateline; previous LONDON) NEW YORK (Reuters) - The U.S. dollar rallied against a basket of major currencies on Tuesday to its highest since December, helped by a rise in U.S. Treasury yields and as data showed U.S. retail s...Read More
Aluminium Tips – SELL Aluminium at CMP 157.15 for Target 156 – 155.20 – 154.50 with SL Above price 158.60AFTER POST CONTENT Read More
Tesla stock remains heavily shortedTesla Inc (NASDAQ:TSLA) stock is down 2.3% to trade at $285.20 this morning, after Morgan Stanley issued a price-target cut to $291 from $376 and slashed its profitability forecasts. The analyst in coverage expressed concerns about Model 3 production and the recent executive turnover, saying TSLA is trading near fair value. On the other hand, Electrekjust got it...Read More
Wall Street has extremely high expectations for WTW sharesScanning the analyst attention across Wall Street this morning, two names that stood out were Weight Watchers International, Inc. (NYSE:WTW) and Ulta Beauty Inc (NASDAQ:ULTA). The healthy eating specialist and the cosmetics retailer could both be aiming for fresh highs soon, based on recent analyst coverage. We'll take a closer look at shar...Read More
Mr. Mark Kolebaba reportsADAMERA PROVIDES EXPLORATION UPDATE - FOLLOW-UP DRILLING ON HIGH GRADE ZONES SCHEDULEDAdamera minerals Corp. has provided an update on its exploration of the Cooke Mountain project in Washington State.Drilling on high-grade intercepts generated in 2017 and 2018 is scheduled to resume in June, 2018. As a result of the 2017 and 2018 programs, Adamera has better defined two...Read More
Mr. Mark Kolebaba reportsADAMERA PROVIDES EXPLORATION UPDATE - FOLLOW-UP DRILLING ON HIGH GRADE ZONES SCHEDULEDAdamera minerals Corp. has provided an update on its exploration of the Cooke Mountain project in Washington State.Drilling on high-grade intercepts generated in 2017 and 2018 is scheduled to resume in June, 2018. As a result of the 2017 and 2018 programs, Adamera has better defined two...Read More
Valeant Pharmaceuticals stock has been surging since early AprilShares of drug name Valeant Pharmaceuticals Intl Inc (NYSE:VRX) are trading higher this morning, after the stock received an upgrade from Mizuho to "buy" from "neutral" and a price-target hike to $27 from $15, with the analyst in coverage calling the company's portfolio "Mylan-like." In response, VRX is up 2.8% at $21.40, at last che...Read More
WARSAW, May 15 (Reuters) - Poland's KGHM, one of the world's biggest copper and silver producers, reported a 38 percent slide in first-quarter net profit on Tuesday, hit by lower output and sales.The state-run company said net profit for the first three months of the year stood at 439 million zlotys ($121.08 million), compared with the 453 million zlotys expected by analysts and 710 million zlotys...Read More
WARSAW, May 15 (Reuters) - Poland's KGHM, one of the world's biggest copper and silver producers, reported a 38 percent slide in first-quarter net profit on Tuesday, hit by lower output and sales.The state-run company said net profit for the first three months of the year stood at 439 million zlotys ($121.08 million), compared with the 453 million zlotys expected by analysts and 710 million zlotys...Read More
LONDON, May 15 (Reuters) - Anglo American will spin out its internal venture capital unit, it said on Tuesday, as the world's biggest platinum producer seeks to spur investment in fuel-cell technology to boost demand for a commodity in oversupply.A push, particularly in Europe and China, for lower-emission transport raises the prospect of weaker demand for platinum, whose biggest industrial use is...Read More
HONG KONG, May 15 (Reuters) - Australian miner Argosy Minerals plans to use the production from the pilot plant at its lithium carbonate mine in Argentina to entice financing for its commercial operations at the site, a company executive said on Tuesday.Argosy's Rincon project in northern Argentina will start producing 500 tonnes per year of lithium carbonate equivalent (LCE) next month, Managing...Read More