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Pressure grows on Trump to keep Iran nuclear deal alive

April 23, 2018 / www.kitco.com

WASHINGTON/TORONTO (Reuters) - Western allies stepped up pressure on U.S. President Donald Trump on Monday to keep alive an international nuclear deal with Iran, with French President Emmanuel Macron due to urge him in person not to tear up the 2015 agreement.Trump has said that unless European allies fix what he has called its “terrible flaws” by May 12, he will restore U.S. economic...Read More

High-profile investors bet on stocks tied to millennials: Sohn Conference

April 23, 2018 / www.kitco.com

NEW YORK (Reuters) - Hedge fund managers at the high-profile 2018 Sohn Investment Conference in New York pitched stock ideas on Monday ranging from online food ordering to homebuilders that should benefit from the growing clout of the millennial generation.John Khoury, founder and managing partner of $2.7 billion hedge fund Long Pond Capital, revealed a long position in U.S. homebuilder D.R. Horto...Read More

Gold's 30-Day Window Is Closing

April 23, 2018 / seekingalpha.com

Immediate-term buy signal intact, but gold needs to rally this week.Failing to make a new monthly high will violate cardinal trading rule.Dollar strength is also an immediate-term concern for gold.Gold suffered a setback on Friday as the U.S. dollar experienced its biggest rally of the month to date. With the gold price struggling to stay above its benchmark 15-day trend line, we'll examine gold's...Read More

Gold Miners: Approaching A Hard Bottom

April 23, 2018 / seekingalpha.com

Gold miners should start to outperform gold shortly.An intermediate or daily low is close.We will use GDX or GDXJ as our vehicle to scale into a long play.The precious metals mining complex (GDX) and silver (SLV) may be illustrating that a bottom is near in this asset class. The long-term technicals from both an overlay and momentum perspective in both silver and the miners remain pretty oversold....Read More

Q2 'looking great' for Shanta Gold with production running well

April 23, 2018 / www.proactiveinvestors.co.uk

Eric Zurrin, chief executive of Shanta Gold PLC (LON:SHG), chats to Proactive's Andrew Scott following the release of their first quarter update.Output in the three months to March was 17,663 gold ounces against 21,288 in the previous quarter, though this was in line with the annual target of between 82-88.000oz.New Luika recently started underground production and Shanta is focused on reducing de...Read More

Wells Fargo CEO's pay details spark pushback by some employees

April 23, 2018 / www.kitco.com

WASHINGTON/BOSTON (Reuters) - Wells Fargo & Co’s (WFC.N) disclosure of how its chief executive’s pay compares to the rest of its workforce has drawn criticism from some company employees ahead of the scandal-plagued bank’s annual shareholder meeting.More than a dozen employees made posts criticizing pay details the bank released in March, according to comments on an internal...Read More

Vangold to Present at the Canadian Mining Symposium, London, UK

April 23, 2018 / bit.ly

Vangold Mining Corp. (TSXV:VAN; OTC:VGLDF) ('Vangold' or the 'Company') is pleased to announce that the Company will be participating in The Northern Miner - Canadian Mining Symposium at Canada House in London on April 24th and 25th.Read full newsRead More

BlueJay Mining announces significant upgrade to resource at Dundas

April 23, 2018 / www.proactiveinvestors.co.uk

Rod McIllree, chief executive of Bluejay Mining PLC (LON:JAY) talks Proactive's Andrew Scott through the upgrade to the ilmenite resource at the Dundas shoreline project in Greenland.The mineral sands prospect now holds 96mln tonnes at 6.9% ilmenite, a 400% increase on the first estimate a year ago.Consultant SRK calculated the estimate using a combination of auger and sonic drilling.Dundas is one...Read More

Offshore rig operator Borr Drilling cuts jobs in Texas

April 23, 2018 / www.kitco.com

HOUSTON (Reuters) - Offshore rig operator Borr Drilling (BDRILL.OL) cut 66 jobs in Texas at the end of March, according to a state regulatory notice, as the company prepared to close on its purchase of Paragon Offshore.The filing with the Texas Workforce Commission did not provide a reason for the layoffs.A Borr representative was not immediately available for comment.Borr, based in Oslo, Norway,...Read More

PM May suffers another defeat in Britain's upper house over EU rights

April 23, 2018 / www.kitco.com

LONDON (Reuters) - Britain’s upper house of parliament handed the government its third defeat over Brexit in less than a week on Monday, voting down plans not to retain EU rights in national law before Britain leaves the bloc.The defeat is one of several Prime Minister Theresa May’s Conservative government is expected to suffer in the House of Lords as parliament debates legislation wh...Read More

U.S. Supreme Court weighs challenge to SEC in-house judges

April 23, 2018 / www.kitco.com

WASHINGTON (Reuters) - U.S. Supreme Court justices on Monday appeared divided over a challenge to the constitutionality of the Securities and Exchange Commission’s selection of in-house judges to enforce investor protection laws in a case involving a former radio host and investment adviser backed by the Trump administration.The court heard arguments in an appeal by Raymond Lucia, who was gi...Read More

European shares supported by financials; UBS disappoints

April 23, 2018 / www.kitco.com

LONDON (Reuters) - European shares edged up on Monday as a rise in U.S. Treasury yields helped lift bank stocks to nearly 5-week highs, more than offsetting a disappointing update from UBS (UBSG.S) and losses among bond-proxy sectors.The pan-European STOXX 600 benchmark index rose 0.35 percent, reversing initial losses, as gains in financials gathered pace and Wall Street opened in positive territ...Read More

ECB's government debt pile shrinks for first time as debt matures

April 23, 2018 / www.kitco.com

FRANKFURT (Reuters) - The European Central Bank's 2 trillion-euro pile of government debt, the centerpiece of its stimulus policy, shrank for the first time last week as the ECB failed to roll over the bonds that matured, data showed on Monday.It was the first time the ECB was unable to keep pace with the redemptions of its government bonds, in a new sign of its struggle in finding enough paper to...Read More

Gold, Silver Sell Off As U.S. Dollar Surges

April 23, 2018 / www.kitco.com

(Kitco News) - Gold and silver prices weresolidly lower in early-afternoon U.S. trading Monday. The metals sold off inthe face of an appreciating U.S. dollar on the world foreign exchange market.The U.S. dollar index hit a more-than-three-month high today. There is alsolittle risk aversion in the marketplace at present, which is another bearishelement for the precious metals markets. June Comex go...Read More

Gold, Silver Sell Off As U.S. Dollar Surges

April 23, 2018 / www.kitco.com

(Kitco News) - Gold and silver prices were solidly lower in early-afternoon U.S. trading Monday. The metals sold off in the face of an appreciating U.S. dollar on the world foreign exchange market. The U.S. dollar index hit a more-than-three-month high today. There is also little risk aversion in the marketplace at present, which is another bearish element for the precious metals markets. June Com...Read More

EU opens competition probe into Apple's bid for music app Shazam

April 23, 2018 / www.kitco.com

BRUSSELS (Reuters) - EU antitrust regulators opened an investigation on Monday into Apple’s bid for British music discovery app Shazam, concerned the deal might give the iPhone maker an unfair advantage in poaching users from its rivals.Apple announced the deal in December to help it better compete with industry leader Spotify. Shazam lets users identify songs by pointing a smartphone at the...Read More

'Cut off hands': Mexican presidential candidate's plan to deter thieves

April 23, 2018 / www.kitco.com

MEXICO CITY (Reuters) - Thieves should have their hands chopped off, a Mexican presidential candidate said in a televised debate on Sunday, provoking disbelief from a moderator and setting off a storm of comments and jokes on Twitter.Jaime Rodriguez, an independent known as “El Bronco,” who is trailing in opinion polls, made the proposal during a discussion about corruption in the firs...Read More

Stocks Trade Sideways Ahead of Major Earnings Dump

April 23, 2018 / www.schaeffersresearch.com

A strengthening U.S. dollar is weighing on commodities like oil and goldThe Dow Jones Industrial Average (DJI) is hanging on to positive territory at midday thanks to a big gain for Merck (MRK), but higher bond yields continue to limit the upside for stocks. A number of commodities are struggling, too, as the decline in bond prices lifts the U.S. dollar. Traders could also be taking a wait-and-see...Read More

Stocks little changed as U.S. yields rise, commodities drop

April 23, 2018 / www.kitco.com

NEW YORK (Reuters) - A gauge of global equity markets was little changed on Monday as U.S. bond yields moved closer to the 3 percent level that has unnerved investors in recent months and a fall in commodity prices pressured energy and materials stocks.U.S. bond prices fell, with the 10-year yield hitting its highest in over four years amid worries about the growing supply of government debt and a...Read More

G7 to set up group to study Russian 'malign behavior': UK

April 23, 2018 / www.kitco.com

TORONTO (Reuters) - Foreign ministers from the Group of Seven leading industrialized nations will create a working group to study Russia’s “malign behavior” because of concerns about Moscow’s actions, British Foreign Secretary Boris Johnson said on Monday.Tensions with the West have increased steadily over recent years as Russia becomes involved in conflicts in Syria and Uk...Read More

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