Netflix is set to report its first-quarter earnings on after the close on Monday April 16Shares of streaming concern Netflix, Inc. (NASDAQ:NFLX) are moving higher, after Deutsche Bank upgraded the stock to "buy" from "hold," and hiked its price target to $350 from $240. The brokerage firm said Netflix has "changed the industry in a profound way," and expects it to have 217 million international su...Read More

(Kitco News) - Gold prices have erased mild early losses and are trading slightly higher and at the daily highs in morning dealings Friday. Buyers have stepped in to buy the dip, ahead of what is an uncertain weekend on the geopolitical front. President Trump has threatened to hit Syria with missiles, but the timing of any strike is uncertain. Still, there is the possibility the U.S. could hit Syr...Read More

HARARE, April 13 (Reuters) - Zimbabwe is looking to sell shares in 35 state-owned firms, including telecoms and mining entities in the latest step to revive the economy under new political leadership, Finance Minister Patrick Chinamasa said on Friday.President Emmerson Mnangagwa, who came to power in November after a de facto military coup forced Robert Mugabe to resign, has made reviving the econ...Read More

MEXICO CITY (Reuters) - Two U.S. pension funds filed a proposed class action in New York on March 30 against financial institutions in the market for Mexican government bonds, alleging they conspired to fix prices.The suit stems from an investigation, announced by the Federal Commission for Economic Competition, or Cofece, in April 2017 into possible breaches of competition laws in the public debt...Read More

Based on thetrading levels and decreasing volume in the GDX over the past 18 months, theprecious metal miner sector has been drifting listlessly sideways and totally devoid of excitement.Gold stock volatility levels are dropping down to unsustainably low values andperiods of low volatility lead to sharp moves. The major miner ETF opened thisweek in the $22 region, which is the same level it was tr...Read More

LONDON/HONG KONG, April 13 (Reuters) - China Molybdenum International (CMOC) Chief Executive Kalidas Madhavpeddi has left the company and the parent group's Executive Chairman Chaochun Li has replaced him as acting CEO.A China-based spokesman said the move was a normal personnel change, adding "having the chairman serve as overseas CEO at the same time shows the company's emphasis on the overseas...Read More

Based on the trading levels and decreasing volume in the GDX over the past 18 months, the precious metal miner sector has been drifting listlessly sideways and totally devoid of excitement. Gold stock volatility levels are dropping down to unsustainably low values and periods of low volatility lead to sharp moves. The major miner ETF opened this week in the $22 region, which is the same level it w...Read More

LONDON/HONG KONG, April 13 (Reuters) - China Molybdenum International (CMOC) Chief Executive Kalidas Madhavpeddi has left the company and the parent group's Executive Chairman Chaochun Li has replaced him as acting CEO.A China-based spokesman said the move was a normal personnel change, adding "having the chairman serve as overseas CEO at the same time shows the company's emphasis on the overseas...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump attacked former FBI Director James Comey on Friday as a “weak and untruthful slime ball,” reacting to news accounts that cite Comey as searingly critical of the president in a memoir due to be published next week.“It was my great honor to fire James Comey!” Trump said in a series of angry Twitter messages, adding he had bee...Read More

(Reuters) - Citigroup Inc (C.N) reported a higher-than-expected quarterly profit on Friday, driven by strength in its consumer banking business and a surge in equities trading.Global consumer banking revenue increased 7 percent on gains in North America, Mexico and Asia. Equity markets revenue jumped 38 percent, gaining from increased volatility in the quarter.Shares of the fourth-biggest U.S. ban...Read More

Positive earnings reactions are lifting shares of JPM and C in premarket tradingThe stock market's volatile daily swings look set to continue, as futures on the Dow Jones Industrial Average (DJI) are more than 150 points above fair value amid a positive earnings reaction for blue-chip financial firm JPMorgan Chase (JPM). Fellow bank stock Citigroup (C) is also higher after the company posted a fir...Read More

WASHINGTON/TOKYO (Reuters) - U.S. President Donald Trump said the United States would only join the Trans Pacific Partnership, a multinational trade deal his administration walked away from last year, if it offered “substantially better” terms than those provided under previous negotiations.His comments, made on Twitter late Thursday, came only hours after he had unexpectedly indicated...Read More

Enough uncertainty persists in the worldto boost gold prices in the short term, says Phil Flynn, senior marketanalyst with at Price Futures Group. The metal rose sharply early in the weekbefore falling back. “We’re probably at the lower end of the recent whipsawingtrading range,” Flynn says. “Because of the uncertainties surrounding Syria andthe possibility of sanctions by...Read More

Enough uncertainty persists in the world to boost gold prices in the short term, says Phil Flynn, senior market analyst with at Price Futures Group. The metal rose sharply early in the week before falling back. “We’re probably at the lower end of the recent whipsawing trading range,” Flynn says. “Because of the uncertainties surrounding Syria and the possibility of sanction...Read More

(Reuters) - JPMorgan Chase & Co’s (JPM.N) quarterly profit fell short of Wall Street expectations on Friday as lower revenue from investment banking ate into gains from U.S. corporate tax changes and higher interest rates.Revenue grew across its businesses as borrowing rose amid strong economic growth. Higher interest rates lifted lending revenue more than the bank’s cost of money...Read More

KANE COUNTY, Ill. (Reuters) - Lucas Strom, who runs a century-old family farm in rural Illinois, canceled an order to buy a new $71,000 grain storage bin last month - after the seller raised the price 5 percent in a day.The reason: steel prices jumped right after U.S. President Donald Trump announced tariffs.Throughout U.S. farm country, where Trump has enjoyed strong support, tariffs on steel and...Read More

BERLIN (Reuters) - Deutsche Bank’s (DBKGn.DE) sudden change in chief executive could prolong the lender’s restructuring, ratings agency Standard & Poor’s (S&P) said as it placed the bank on “credit watch negative” late on Thursday.Last weekend retail banking specialist Christian Sewing replaced John Cryan as Deutsche’s CEO, raising the prospect of radica...Read More

FRANKFURT (Reuters) - Volkswagen (VOWG_p.DE) hopes to raise 6 billion to 7 billion euros ($7.4-$8.6 billion) through a listing of its trucks and buses division, German magazine Der Spiegel reported, not citing where it obtained the information.Volkswagen aims to sell up to 25 percent of the business as part of the listing and keep a majority, the magazine said. Sources told Reuters earlier this we...Read More

WOLFSBURG, Germany (Reuters) - Volkswagen’s (VOWG_p.DE) new Chief Executive Herbert Diess on Friday said he will consider asset sales and seeks to turn the multi-brand conglomerate into a slimmed down company with strong brands.Speaking at his first news conference as chief executive at VW’s headquarters in Wolfsburg, Diess said he would look at the different assets in VW’s portf...Read More

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