* Month-end dollar bid may endure in April * Gilt demand flip is good news for sterling bulls * EUR/USD longs need range break before they run * EUR/USD options attractive as spot lacks direction * Options not yet convinced of further USD/JPY gains * USD/JPY wrong-footed shorts ripe for further squeeze * NAFTA deal could kick USD/CAD down to 1.25 Disclaimer: The views expressed in this article a...Read More
The tech stocks have been two of the best second-quarter performers in the last decadeIt's been a tough month for tech stocks, with the Nasdaq Composite (IXIC) on track for its biggest monthly loss since January 2016. Yesterday, Apple suppliers Broadcom Ltd (NASDAQ:AVGO) and Skyworks Solutions Inc (NASDAQ:SWKS) each gave back around 3% -- sinking in step with the tech titan, after analysts express...Read More
Fresh USD buying, positive European equities weigh negatively Exposed to more downside risks ahead of the US data dump Gold futures on Comex stalled its tepid recovery mode and fell back into the red zone, hitting fresh one-week lows of $ 1321.70 before recovering slightly to $ 1324 levels, where it now wavers. The yellow metal remains under pressure for the third straight session, as easing U...Read More
GME stock hit a 12-year low out of the gateShares of GameStop Corp. (NYSE:GME) are plunging, after the video game retailer said it expects total sales to fall 2%-6% this year, and 2018 same-store sales to arrive in the flat-to-5% lower range. This, along with a round of bearish brokerage notes, is overshadowing GME's fourth-quarter earnings and revenue beats, and has the stock trading down 12% at...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump on Thursday blasted Amazon.com Inc (AMZN.O) with a list of complaints, a day after news website Axios reported that Trump wants to curb the mega retailer’s growing power using federal antitrust laws and led its shares to fall almost 5 percent.“I have stated my concerns with Amazon long before the Election. Unlike others, they pay littl...Read More
Starbucks stock has struggled to break out in recent yearsStarbucks Corporation (NASDAQ:SBUX) stock is lower today, down 1.4% at $57.09, after Wedbush downgraded the coffee giant to "neutral" from "outperform," while slashing its price target to $56 from $70. According to the brokerage firm, "We no longer see drivers of upside to same store sales growth and EPS consensus expectations in 2018 and...Read More
The analyst thinks the blue chip is headed back toward annual highsShares of oil-and-gas concern Chevron Corporation (NYSE:CVX) are up 0.4% at $112.58, after the stock received a price-target hike from Citigroup, to $133 from $125. The raise follows yesterday's dip for CVX stock, asoil prices fell after the Energy Information Administration (EIA) reported a bigger-than-expected rise in U.S. crude...Read More
(Reuters) - Wall Street’s main indexes were set to open higher on Thursday as beaten-down technology stocks posted slim gains in a roller-coaster week for Wall Street.The S&P 500 and the Dow were on track to log their worst quarter in more than two years on concerns over a global trade war and interest rates hikes, as well as a selloff in technology stock’s triggered by Facebook In...Read More
(Kitco News) - SouthAfrican producer Gold Fields Ltd. (JSE:GF; NYSE: GFI) is buyinga 50% joint-venture interest in AsankoGold Inc.’s (TSX: AKG, NYSE American: AKG) Asanko Gold Mineand other properties in Ghana, with the deal valued at $202.6 million, thecompanies announced Thursday.Canada-based Asanko has a 90%interest in the Asanko Gold Mine. The government holds the other 10%.Asanko will r...Read More
(Kitco News) - South African producer Gold Fields Ltd. (JSE: GF; NYSE: GFI) is buying a 50% joint-venture interest in Asanko Gold Inc.’s (TSX: AKG, NYSE American: AKG) Asanko Gold Mine and other properties in Ghana, with the deal valued at $202.6 million, the companies announced Thursday. Canada-based Asanko has a 90% interest in the Asanko Gold Mine. The government holds the other 10%. Asan...Read More
Mike de Wit, president and chief operating officer of Tsodilo Resources (CVE:TSD), updates Proactive's Andrew Scott on progress at their BK16 kimberlite project in Botswana.He says they've done a geological study of the kimberlite pipe and have undertaken a bulk sampling programme on the property.Treatment of the samples began in January and they're now about 80% complete. Meet ANGLE plc, Fa...Read More
The president tweeted about Amazon this morningStocks look ready to close the shortened week on a positive note, with Dow Jones Industrial Futures (DJI) futures trading above fair value this morning. Maybe more importantly, Nasdaq-100 (NDX) futures are also indicating a positive open, as tech heavyweight Facebook (FB) is pointed higher after the company cut ties with a number of data brokers.Amazo...Read More
Mr. Jean Martineau reports DYNACOR ENDS 2017 SURPASSING US $100 M IN SALES AND REPORTS A NET INCOME OF US$ 3.8 M Dynacor Gold Mines Inc. has released its audited consolidated financial statements and the management's discussion and analysis (MD&A) for the year ended Dec. 31, 2017. These documents have been filed electronically with SEDAR and will be available on the corporation's website. All...Read More
Mr. Jean Martineau reports DYNACOR ENDS 2017 SURPASSING US $100 M IN SALES AND REPORTS A NET INCOME OF US$ 3.8 M Dynacor Gold Mines Inc. has released its audited consolidated financial statements and the management's discussion and analysis (MD&A) for the year ended Dec. 31, 2017. These documents have been filed electronically with SEDAR and will be available on the corporation's website. All...Read More
(Kitco News)- In its continued bid to bringinnovation to the precious-metals sector, one of the world’s biggest goldminers has embraced a new blockchain-based digital marketplace.Goldcorp (NYSE: GG, TSX: G) announced Thursday thatit placed 3,000 ounces of gold, valued at $4 million, in Tradewind Inc.'s newlylaunched digital market, VaultChain. Tradewind described the investment as the“...Read More
(Kitco News) - In its continued bid to bring innovation to the precious-metals sector, one of the world’s biggest gold miners has embraced a new blockchain-based digital marketplace.Goldcorp (NYSE: GG, TSX: G) announced Thursday that it placed 3,000 ounces of gold, valued at $4 million, in Tradewind Inc.'s newly launched digital market, VaultChain. Tradewind described the investment as the &...Read More
(Kitco News)- The gold market remains on the back foot despite the releaseof in-line inflation data, whiched showed a rising consumer price pressures.Thursday, The U.S. Department of Commerce said that Personal Consumption Expenditures (PCE) Index, 0.2% in February, in line with expectations. For the year, the data showed that inflation increased by 1.8%. This is the first annual rise in inflation...Read More
Editor's Note: Updating earlier story with more details from report.(Kitco News)- Goldprices did not move much after a Labor Department report showed that initialweekly U.S. jobless claims fell by 12,000 to a seasonally adjusted 45-yearlow of 215,000 in the week to Saturday.Thegovernment said this is the lowest level for initial claims since Jan. 27,1973, when it was 214,000. Consensusexpecta...Read More
(Kitco News)- Gold prices continue to be hemmed in a relatively tightrange. Earlier in the week, we suggested that gold's momentum, after the Fedrate increase last week, had the potential to break the metal to the upside butthat further dollar weakness would be necessary to break the key $1,357 level.Technical traders sold heavily at resistance, as the dollar staged a reversaland some fundamental...Read More
(Kitco News) - Gold prices continue to be hemmed in a relatively tight range. Earlier in the week, we suggested that gold's momentum, after the Fed rate increase last week, had the potential to break the metal to the upside but that further dollar weakness would be necessary to break the key $1,357 level. Technical traders sold heavily at resistance, as the dollar staged a reversal and some fundam...Read More