(Kitco News)- Thedivergence between the platinum group metals will continue in 2018, withpalladium forecasted to post a supply deficit of 1.24 million ounces, whileplatinum is seen as a largely balanced market, with a surplus of just 40,000ounces, Metals Focus said Monday.Theconsultancy released its “Platinum and Palladium Focus 2018” report at thestart of Platinum Week in London.Theme...Read More
(Kitco News) - The divergence between the platinum group metals will continue in 2018, with palladium forecasted to post a supply deficit of 1.24 million ounces, while platinum is seen as a largely balanced market, with a surplus of just 40,000 ounces, Metals Focus said Monday.The consultancy released its “Platinum and Palladium Focus 2018” report at the start of Platinum Week in Londo...Read More
LONDON, May 14 (Reuters) - Shanta Gold will conduct further exploration near its main mine in Tanzania after cutting costs in the past year to cope with tougher mining laws, the chief executive told Reuters.Shanta's plans buck a trend among other firms that have scaled back ambitions in Tanzania due to laws that include giving the state a bigger stake in mines, a ban on exporting unprocessed miner...Read More
LONDON, May 14 (Reuters) - Shanta Gold will conduct further exploration near its main mine in Tanzania after cutting costs in the past year to cope with tougher mining laws, the chief executive told Reuters.Shanta's plans buck a trend among other firms that have scaled back ambitions in Tanzania due to laws that include giving the state a bigger stake in mines, a ban on exporting unprocessed miner...Read More
Copper Today – BUY Copper at CMP 465.60 for Target 468 – 469.20 with SL below price 463.40AFTER POST CONTENT Read More
Pandora stock has been strong, but Wall Street is more bullish on SPOTStreaming music stocks Pandora Media Inc (NYSE:P) and Spotify Technology SA (NYSE:SPOT) are in focus this morning, after investment research firm Cascend Securities initiated coverage on both. We'll take a closer look at shares of P and SPOT below, as well as some recent options activity. Cascend Joins P Stock SkepticsCascend st...Read More
Today Aluminium Tips – BUY 2 lot Aluminium at CMP 153.70 for Target 154.50 – 154.90 with SL Below price 152.90AFTER POST CONTENT Read More
VANCOUVER, British Columbia, May 14, 2018 (GLOBE NEWSWIRE) - ALX Uranium Corp. (TSXV:AL) (FSE:6LLN) (OTC:ALXEF) ("ALX" or the "Company") is pleased to announce the initial results of its inaugural diamond drilling program at the Newnham Lake Uranium Project ("Newnham Lake", or the "Project") located in the northeastern Athabasca Basin of northern Saskatchewan, approximately 75 kilometres east...Read More
Amazon stock is trading higher after the bull noteAmazon.com, Inc. (NASDAQ:AMZN) stock is up 0.3% to trade at $1,607.52 this morning, after receiving some bullish analyst attention from J.P. Morgan Securities. Although no price-target hike or upgrade was given, the brokerage valued Amazon's Prime subscription service at $785 per year, nearly seven times its annual cost -- and more than 44% mo...Read More
(Bloomberg) - Alrosa PJSC, the world's largest diamond miner by output, is increasing its marketing efforts and targeting new opportunities in gem cutting at a time when the market is showing signs of starting to stabilize.The Russian firm, which typically hasn't promoted stones outside Russia, last year contributed $25 million to the Diamond Producers Association for marketing and may increase s...Read More
Trump suggested Washington and Beijing should work together to support embattled ZTEOptical component stocks are rallying today, after President Donald Trump signaled support for embattled Shenzhen-based tech firm ZTE. Trump tweeted that he and Chinese President Xi Jinping are "working together to give massive Chinese phone company, ZTE, a way to get back into business, fast." In mid-April, the Co...Read More
(Kitco News)- Largespeculators upped their net bullish positioning in gold futures while trimmingtheir bearish posture in silver during the most recent reporting week for datacompiled by the Commodity Futures Trading Commission.“Goldand silver put up a fight against the stronger dollar, with both managing tohold onto key support at $1,300/oz and $16/oz, respectively,” said OleHansen, h...Read More
(Kitco News) - Large speculators upped their net bullish positioning in gold futures while trimming their bearish posture in silver during the most recent reporting week for data compiled by the Commodity Futures Trading Commission.“Gold and silver put up a fight against the stronger dollar, with both managing to hold onto key support at $1,300/oz and $16/oz, respectively,” said Ole Ha...Read More
(Bloomberg) - The battle for some of Russia's richest gold mines has an unusual cast of characters: the scion of one of Europe's great banking families, a Kazakh tycoon with his own cryptocurrency, hedge fund D.E. Shaw, and mystery shareholders.They're all part of a new fight for control over Petropavlovsk Plc, a London-listed miner. For the second time in a year, the company is in the middle of...Read More
(Bloomberg) - The battle for some of Russia's richest gold mines has an unusual cast of characters: the scion of one of Europe's great banking families, a Kazakh tycoon with his own cryptocurrency, hedge fund D.E. Shaw, and mystery shareholders.They're all part of a new fight for control over Petropavlovsk Plc, a London-listed miner. For the second time in a year, the company is in the middle of...Read More
The drilling program will follow up on the recently discovered "West Zone" and target additional potential discoveries at Copper KingELKO, Nev., May 14, 2018 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU), a gold exploration and development company, is pleased to announce the forthcoming Copper King drilling program for 2018. This program, comprised of two phases, will begin with an initial ph...Read More
The drilling program will follow up on the recently discovered "West Zone" and target additional potential discoveries at Copper KingELKO, Nev., May 14, 2018 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU), a gold exploration and development company, is pleased to announce the forthcoming Copper King drilling program for 2018. This program, comprised of two phases, will begin with an initial ph...Read More
(Reuters) - U.S. stock indexes opened higher on Monday on signs of easing U.S.-China trade tensions after President Donald Trump softened his stance on ZTE Corp, pledging to help the Chinese technology company "get back into business, fast".The Dow Jones Industrial Average .DJI rose 48.20 points, or 0.19 percent, at the open to 24,879.37. The S&P 500 .SPX opened higher by 5.65 points...Read More
LONDON/JOHANNESBURG, May 14 (Reuters) - Lonmin narrowed its first-half operating loss and set out plans to cut spending as the platinum miner tries to keep a takeover by Sibanye-Stillwater on track by conserving cash.The proposed deal with precious metals producer Sibanye-Stillwater, vital to Lonmin's survival, is conditional upon Lonmin retaining a positive cash balance by the time it is schedule...Read More
Ford was forced to temporarily lay off thousands of workers after a fireShares of auto manufacturer Ford Motor Company (NYSE:F) are higher in early trading, thanks to news reports from over the weekend that the company could resume production on the F-150 pick-up series by this Friday, following a recent fire at a parts factory. The fire caused more than 7,600 workers to be temporarily laid off,...Read More