(Kitco News)- Fundamentals are in place for precious metals, especiallysilver, to significantly break out of current trading ranges, according to areport from Bloomberg Intelligence.The report said that silver has a history of lagging itsindustrial metals companions and can rally as much as 50% by simply “catchingup.”“Essentially unchanged from June 2016, silver has plenty ofroom...Read More

(Kitco News) - Fundamentals are in place for precious metals, especially silver, to significantly break out of current trading ranges, according to a report from Bloomberg Intelligence.The report said that silver has a history of lagging its industrial metals companions and can rally as much as 50% by simply “catching up.”“Essentially unchanged from June 2016, silver has plenty o...Read More

The software stock has already gained more than 70% in 2018, but short interest keeps risingOnline security name Okta Inc (NASDAQ: OKTA) is higher today, up 4.9% to trade at $44.04 -- and earlier touched a record high of $44.30 -- after receiving an upgrade to "buy" from "hold" at Canaccord Genuity, as well as a price-target hike to $50 from $36. The analyst in coverage said the company's growth r...Read More

FRANKFURT (Reuters) - The European Central Bank could provide liquidity to failing banks while they are being resolved as long as they are not set for liquidation, have enough collateral and that doing so would not interfere with ECB policy, an ECB director said on Monday.“It should be possible (but) it comes with important conditions that they have to be financially sound so if we know that...Read More

Twitter is slated to report first-quarter earnings Wednesday morningSocial media giant Twitter Inc (NYSE:TWTR) has had plenty of bullish buzz ahead of its first-quarter earnings, which are expected to roll out this Wednesday, April 25, before the market opens. Just ahead of this event, TWTR made Schaeffer's Senior Quantitative Analyst Rocky White's list of 20 stocks that saw the heaviest weekly...Read More

SEOUL (Reuters) - North Korea has agreed to a live broadcast by South Korean media of part of Friday's summit, as well as summit coverage by the South's reporters in the North's part of the Joint Security Area at the border, Seoul's presidential Blue House said on Monday.The two sides held working-level talks at the Tongil Pavilion on the North Korean side of the border truce village of Panmunjom...Read More

BEIJING (Reuters) - China on Monday reassured Pakistan that relations between the two countries were as firm as ever and would “never rust”, ahead of a meeting this week between President Xi Jinping and Indian Prime Minister Narendra Modi that could unnerve Islamabad.China and Pakistan like to call each other “all weather friends” and their traditional close ties have long...Read More

(Kitco News)- Largespeculators slightly increased their net-bullish positioning in gold futures,while slashing their net-bearish stance in silver, during the most recentreporting week for data compiled by the U.S. Commodity Futures TradingCommission.However,analysts pointed out, the next report - due out Friday - will likely show thatthe bullish posture in gold has since fallen, as prices have wea...Read More

(Kitco News) - Large speculators slightly increased their net-bullish positioning in gold futures, while slashing their net-bearish stance in silver, during the most recent reporting week for data compiled by the U.S. Commodity Futures Trading Commission.However, analysts pointed out, the next report - due out Friday - will likely show that the bullish posture in gold has since fallen, as prices h...Read More

WASHINGTON (Reuters) - President Donald Trump threatened to make Mexican immigration control a condition of a new NAFTA agreement on Monday, saying the southern U.S. neighbor must stop illegal immigrants from getting into the United States.“Mexico, whose laws on immigration are very tough, must stop people from going through Mexico and into the U.S. We may make this a condition of the new NA...Read More

(Kitco News)- Investors appear to be shunning gold onceagain as the geopolitical tension continue to ease but one international banksays that investors should at least keep one eye on the yellow metal as priceslook to increase through the rest of the year.In a research report published Monday, BarnabasGan, commodity economist at OCBC Bank, said that he was raising hisgold forecast, reversing his...Read More

(Kitco News) - Investors appear to be shunning gold once again as the geopolitical tension continue to ease but one international bank says that investors should at least keep one eye on the yellow metal as prices look to increase through the rest of the year.In a research report published Monday, Barnabas Gan, commodity economist at OCBC Bank, said that he was raising his gold forecast, reversin...Read More

The company has discontinued the development of its lead drugProthena Corporation (NASDAQ:PRTA) said it is discontinuing the development of its drug NEOD001, used to treat patients with AL Amyloidosis. The end of the program comes after the company's lead drug failed in both a mid-stage study and a late-stage trial, and PRTA stock has plummeted 68.1% to trade at $11.76 -- earlier tagging a four-y...Read More

JAKARTA, April 23 (Reuters) - Indonesian coal miner Adaro Energy is targeting coking coal output of 1 million tonnes this year, up from 740,000 tonnes in 2017, a company director said on Monday.That excludes any increase in Adaro's coking coal output that may come from its planned purchase of the Kestrel mine in Australia from Rio Tinto .Adaro unit Adaro MetCoal Companies (AMC) has 54 million tonn...Read More

(Reuters) - Consumer products maker Newell Brands Inc (NWL.N) has agreed to add three independent directors to its board, including one proposed by hedge fund Starboard Value LP, ending a months-long proxy fight with the activist investor.Shares of the Sharpie maker rose 3.2 percent to $27.30 in premarket trading on Monday.Starboard had planned to press ahead with the proxy fight, saying more work...Read More

SHANGHAI (Reuters) - Chinese funds have slashed valuations of ZTE Corp after the United States banned American companies from selling components to the telecoms equipment maker for seven years, a move ZTE said threatened its very survival.The U.S. action last week was sparked by ZTE’s violation of an agreement reached after it was caught illegally shipping U.S. goods to Iran. American compan...Read More

BEIJING, April 23 (Reuters) - Aluminum Corp of China Ltd , known as Chalco, said on Monday that first-quarter net profits fell by 19.4 percent from a year ago due to lower aluminium prices but one-off gains helped it avoid a much worse result.The company, China's biggest state-run aluminium producer, said in a filing to the Shanghai Stock Exchange that net profit during the January to March was 30...Read More

MOSCOW (Reuters) - Karen Karapetyan, Armenia's first deputy prime minister, will become acting prime minister after incumbent Serzh Sarksyan said earlier on Monday he would resign, the RIA news agency cited the government press service as saying.Karapetyan, an ally of Sarksyan's, previously served as prime minister from September 2016 to April 2018.Reporting by Polina Ivanova; Writing by Polina Ni...Read More

(Reuters) - U.S. stocks were little changed on Monday, with gains in industrial and healthcare stocks offseting the impact from falling oil prices, as investors kept an eye on rising U.S. bond yields.The yield on 10-year U.S. Treasuries US10YT=RJR, the benchmark for global borrowing costs, hit 2.998 percent, its highest since January 2014. The U.S. five-year inflation swap, a key market gauge of l...Read More

Straterra, New Zealand's minerals sector industry organization, has welcomed Energy Minister Megan Woods comment on TVNZ's Q and A on Sunday that the government has no plans to end coal mining in New Zealand, particularly in light of government's recent decision to ban all offshore exploration for oil and gas which sent shock waves through the business community."As well as providing jobs and con...Read More