Recent News

Pfizer revenue misses as breast cancer drug sales disappoint

May 01, 2018 / www.kitco.com

(Reuters) - Pfizer Inc’s (PFE.N) quarterly revenue missed analysts’ estimates on Tuesday, hurt by lower-than-expected sales of blockbuster breast cancer drug Ibrance and arthritis drug Xeljanz.Ibrance raked in sales of $933 million in the first quarter, up 37.4 percent from a year earlier, but missed analysts’ estimates of $956.6 million, according to Thomson Reuters I/B/E/S.The...Read More

Boeing to buy aerospace parts maker KLX for about $3.2 billion

May 01, 2018 / www.kitco.com

(Reuters) - Plane maker Boeing Co (BA.N) said on Tuesday it will buy aerospace parts company KLX Inc (KLXI.O) for about $3.2 billion in cash to expand its aircraft services business.The $63-per-share deal gives KLX an enterprise value of $4.25 billion, including about $1 billion of net debt.The acquisition is contingent upon the successful divestment and separation of KLX’s Energy Services G...Read More

Oil prices stumble, but Iran sanction fears limit losses

May 01, 2018 / www.kitco.com

LONDON (Reuters) - Oil prices slid on Tuesday as the dollar remained near a four-month high, but worries that U.S. President Donald Trump will pull out of the Iran nuclear deal underpinned the market.Brent crude LCOc1 for July delivery was trading 58 cents lower at $74.11 by 1157 GMT. The June contract expired on Monday, settling up 53 cents at $75.17.U.S. West Texas Intermediate crude for June de...Read More

ADM's quarterly profit rises on higher soy processing margins

May 01, 2018 / www.kitco.com

(Reuters) - U.S. grains merchant Archer Daniels Midland Co (ADM.N) on Tuesday reported a 16 percent increase in quarterly profit on higher margins from soybean processing and a significant boost in global trade volumes, sending its stock price to a 52-week high in premarket trading.ADM has been trying to diversify into higher-margin sectors, such as food ingredients and aquaculture feed, to compen...Read More

Bitcoin Daily Chart Alert - Prices Lower On Chart Consolidation - May 1

May 01, 2018 / www.kitco.com

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

Bitcoin Daily Chart Alert - Prices Lower On Chart Consolidation - May 1

May 01, 2018 / www.kitco.com

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

Centerra 1Q Profit, Gold Production Decline

May 01, 2018 / www.kitco.com

Centerra GoldInc. (TSX: CG) reports net earnings of $9 million, or 3 cents per share, in thefirst quarter, down from $57 million, or20 cents, in the same period a year ago. The January-March results includecharges of $4.4 million for the acquisition of AuRico Metals Inc. Excludingthis, adjusted earnings in the first quarter were $13.5 million, or a nickel.Revenue fell to $235 million from $285 m...Read More

Centerra 1Q Profit, Gold Production Decline

May 01, 2018 / www.kitco.com

Centerra Gold Inc. (TSX: CG) reports net earnings of $9 million, or 3 cents per share, in the first quarter, down from $57 million, or 20 cents, in the same period a year ago. The January-March results include charges of $4.4 million for the acquisition of AuRico Metals Inc. Excluding this, adjusted earnings in the first quarter were $13.5 million, or a nickel. Revenue fell to $235 million from...Read More

Gold Hits 4-Month Low On Strong Dollar, Technical Selling

May 01, 2018 / www.kitco.com

(Kitco News) - Gold pricesare solidly down and dropped to a four-month low in early U.S. trading Tuesday.The recent solid rally in the U.S. dollar index, which hit a nearly four-monthhigh overnight, continues to squelch demand in the precious metals markets.Chart-based selling has also kicked in recently, as the technical postures forgold and silver have deteriorated. June Comex gold futures were...Read More

Dollar goes positive for year before Fed meeting

May 01, 2018 / www.kitco.com

LONDON (Reuters) - The dollar broke into positive territory for the year on Tuesday and bond yields were creeping higher again, as rising oil prices fueled bets that the Federal Reserve will flag more U.S. rate hikes this week.May Day holidays in many centers across Asia and Europe meant trading was sparser than usual, though there was more than enough news flow to keep those that were open occupi...Read More

UPDATE 1-US/Germany bond yield gap near 29-year highs on Fed hike bets

May 01, 2018 / www.kitco.com

(Refiles to fix typo in paragraph 4)* U.S. bonds underperform as June Fed rate hike expected* U.S./UK spread at highest in 34 years as UK economy struggles* Italian yields edge up further on early election jitters* Euro zone periphery govt bond yields tmsnrt.rs/2ii2BqrBy Abhinav RamnarayanLONDON, May 1 (Reuters) - The gap between U.S. and German 10-year benchmark bond yields was a shade off its w...Read More

METALS-Copper slips to 3-week lows as China concerns and dollar weigh

May 01, 2018 / www.kitco.com

* LME/ShFE arb: bit.ly/2wZSAEz* GRAPHIC-2018 asset returns: tmsnrt.rs/2jvdmXl (Adds official prices)By Pratima DesaiLONDON, May 1 (Reuters) - Copper prices hit three-week lows on Tuesday due to worries about demand from top consumer China and a higher dollar ahead of a monetary policy decision from the U.S. Federal Reserve.Benchmark copper on the London Metal Exchange recovered in official ring...Read More

Osisko Mining drills 4.5 m of 34.3 g/t Au at Windfall

May 01, 2018 / www.stockwatch.com

Mr. John Burzynski reportsOSISKO INTERSECTS 34.3 G/T AU OVER 4.5 METRES AT WINDFALLOsisko Mining Inc. has provided new results from the continuing drill program at its 100-per-cent-owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban township, Eeyou Istchee James Bay, Quebec. The 800,000-metre drill program combines definition, expansion and exploration drilling in and ar...Read More

Osisko Mining drills 4.5 m of 34.3 g/t Au at Windfall

May 01, 2018 / www.stockwatch.com

Mr. John Burzynski reportsOSISKO INTERSECTS 34.3 G/T AU OVER 4.5 METRES AT WINDFALLOsisko Mining Inc. has provided new results from the continuing drill program at its 100-per-cent-owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban township, Eeyou Istchee James Bay, Quebec. The 800,000-metre drill program combines definition, expansion and exploration drilling in and ar...Read More

May Day, May Day -- Look Out Below

May 01, 2018 / www.kitco.com

Today is the first day of May and the new month is not helping the metals, which struggled through the month of April. Gold has lost about 4% from the highs in early April, with three consecutive ugly down weeks. The recent action brings a possible ugly run into the mix. Gold is now breaking down through major support and failure here brings the possibility of much lower prices. This week brings a...Read More

MKS: 200-Day Average, $1,300 Level To Be Key Support For Gold

May 01, 2018 / www.kitco.com

As gold’s slide continues, the 200-day movingaverage and psychologically important $1,300 level become a key support areafor the precious metal, says MKS (Switzerland) S.A. As of 7:55 a.m. EDT, spot gold was $7.40lower to $1,308.20 an ounce andbottomed at $1,307.70, its weakest level since March. ““Support-wise, we are nearing some key technical levels withthe 200 DMA at $1,304 a...Read More

MKS: 200-Day Average, $1,300 Level To Be Key Support For Gold

May 01, 2018 / www.kitco.com

As gold’s slide continues, the 200-day moving average and psychologically important $1,300 level become a key support area for the precious metal, says MKS (Switzerland) S.A. As of 7:55 a.m. EDT, spot gold was $7.40 lower to $1,308.20 an ounce and bottomed at $1,307.70, its weakest level since March. ““Support-wise, we are nearing some key technical levels with the 200 DMA at $1,...Read More

Dollar Fund Breakout Rings a Familiar Bell

May 01, 2018 / www.schaeffersresearch.com

Traders should be watching UUP's break above its 160-day moving averageStrength in the dollar was a predominant theme last week, and the resulting breakout in the PowerShares DB US Dollar Index Bullish Fund (NYSEARCA:UUP) has certainly been eye-catching. As of Friday's close at $24.03, the exchange-traded fund (ETF) was dead-even with its 2017 year-end price -- marking the first weekly settlement...Read More

The Dow Jones And The Barron's Gold Mining Index

May 01, 2018 / dlvr.it

Stocks Analysis by Mark Lundeen covering: XAU/USD, Dow Jones Industrial Average, Newmont Mining Corporation, Gold Futures. Read Mark Lundeen's latest article on Investing.comRead full newsRead More

Graphite One Announces Financing

May 01, 2018 / kincommunications.com

Vancouver, BC - Graphite One Resources Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company"), announces that it intends to complete a non?EUR?brokered private placement offering (the "Offering") to raise gross proceeds of up to CA$2,500,000.The Corporation plans to issue up to 35.7 million units (the "Units") at a price of CA$0.07 per Unit. Each Unit consists of one common share...Read More

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