Fast food stock Wendy's Company (NASDAQ:WEN) will try to extend its upward momentum today after the shares jumped 4.1% yesterday on a well-received quarterly update. WEN is facing off against a round of mixed analyst attention, though. While BMO upped its price target on the stock to $20 from $17 this morning, SunTrust Robinson trimmed its target to $21 from $22. Of course, this latter mark still...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy. Since...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy. Since...Read More
Stock futures are pointed higher to close out the week, as investor anxiety from the Fed minutes dies down. The central bank will remain in focus today, though; several Fed speakers will take the mic, as a warm-up of sorts to new Fed Chair Jerome Powell's big testimony next week. With bond yields retreating again, Dow Jones Industrial Average (DJI) futures are more than 100 points above fair val...Read More
Tahoe Resources (TSX:THO)(NYSE:TAHO) lost $18 million, or 6 cents per share, in the fourth quarter of 2017 due to the ongoing shutdown of its flagship Escobal silver mine, in Guatemala.The Reno, Nevada-based company said adjusted loss was $17.7 million, which dramatically contrast with the $18.4 million profit logged a year ago.Net earnings for the whole year were also affected, with the miner po...Read More
Tahoe Resources (TSX:THO)(NYSE:TAHO) lost $18 million, or 6 cents per share, in the fourth quarter of 2017 due to the ongoing shutdown of its flagship Escobal silver mine, in Guatemala.The Reno, Nevada-based company said adjusted loss was $17.7 million, which dramatically contrast with the $18.4 million profit logged a year ago.Net earnings for the whole year were also affected, with the miner po...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.Based...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.Based...Read More
Jerry Randall, chief executive of Venture Life Group Plc (LON:VLG) tells Proactive they developed some new products last year which will be launching into the market this year.''We're also looking to acquire more products ... we've successfully acquired a number of products over the year and we're now at the stage where we've got a platform that has good operating leverage .... so new products and...Read More
(Kitco News) - Goldand silver pricesare trading near steady levels in a generally quietermarketplace early Friday morning. Potential buyers of the safe-haven metals aretimid at present amid the recent lack of risk aversion among traders andinvestors. April Comex gold futures were last down $0.60 an ounce at $1,332.10.March Comex silver was last down $0.017 at $16.57 an ounce.Worldstock markets wer...Read More
(Kitco News) - Gold and silver prices are trading near steady levels in a generally quieter marketplace early Friday morning. Potential buyers of the safe-haven metals are timid at present amid the recent lack of risk aversion among traders and investors. April Comex gold futures were last down $0.60 an ounce at $1,332.10. March Comex silver was last down $0.017 at $16.57 an ounce.World stock mark...Read More
Tahoe Resources Inc. (TSX: THO; NYSE: TAHO), which has been dealing with a shutdown of the giant Escobal silver mine in Guatemala over a mining-license issue, posted a loss in the fourth quarter of $18 million, or 6 cents per share. This compares to 0.3 million, or nil, in the same period a year ago. The adjusted loss was $17.7 million, a turnaround from an $18.4 million profit a year ago. F...Read More
Rusty Hutson, chief executive of Diversified Gas & Oil plc (LON:DGOC), tells Proactive they've negotiated a new US$500mln debt facility at less than half the cost of their previous arrangement.The five-year senior secured revolving credit facility has been led by Key Bank and will carry an interest rate of Libor + 2.5%-3.25% compared to Libor +8.5% currently. Meet Scancell Holdings Plc,...Read More
• Reviving USD demand prompts some fresh selling. • Risk-on mood adds to the downward pressure. • On track for its third weekly decline in the previous four. Gold came under some renewed selling pressure on Friday and has now eroded a major part of previous session's goodish recovery move from over one week tops. ...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
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
A 20-year friendship that helped turn Dan Gertler into a billionaire has left the Israeli businessman with a lot fewer places to go.The U.S. government accused Gertler of corrupt mining and oil deals in the Democratic Republic of Congo and said he acted as a middle-man to enrich his longtime buddy, President Joseph Kabila. The two have been close since Gertler arrived as a young diamond merchant...Read More
A 20-year friendship that helped turn Dan Gertler into a billionaire has left the Israeli businessman with a lot fewer places to go.The U.S. government accused Gertler of corrupt mining and oil deals in the Democratic Republic of Congo and said he acted as a middle-man to enrich his longtime buddy, President Joseph Kabila. The two have been close since Gertler arrived as a young diamond merchant...Read More
JOHANNESBURG, Feb 23 (Reuters) - More than 500 workers will embark on a strike on Monday at Koornfontein Mine, which is owned by the Gupta family, over concerns of nonpayment of salaries, South Africa's National Union of Mineworkers (NUM) said on Friday. Workers this week downed tools at Optimum Coal, another Gupta-owned mine, concerned over the non payment of their salaries. India's Bank of Barod...Read More
* Euro stocks flat, MSCI world sees 3rd weekly fall in last 4* Dollar higher vs majors, DXY up 1 percent for the week* Seventh weekly rise in U.S. yields in last eight* Gold heading for biggest weekly drop since December* Russia waits on S&P investment grade rating decision By Marc JonesLONDON, Feb 23 (Reuters) - A stronger dollar and slightly higher global borrowing costs kept world shares s...Read More