AUSTIN, Texas (Reuters) - The 2018 U.S. primary elections kick off on Tuesday in Texas, where Democrats hope record-high levels of early voter midterm turnout and anger over President Donald Trump’s policies will help them flip congressional seats from Republican control.Democratic turnout in the state’s largest 15 counties hit 465,245 in early voting, according to the Texas secretary...Read More
NEW YORK (Reuters) - Target Corp (TGT.N) reported profit in the holiday quarter that fell short of analyst estimates on Tuesday, hurt by investments aimed at improving the competitiveness of its online operations and stores, sending shares down 2 percent in premarket trading.The big-box retailer has missed Wall Street’s fourth-quarter profit expectations for the past two years.Target is slat...Read More
ALROSA Group, the largest diamond miner in the world, reviewed the results of geological prospecting in 2017. Total diamond reserves, taking into account the explored deposits under the National Reserves Committee standards, increased by 57.8 million carats during the year (excluding the depletion of reserves). As of January 1, 2018, it was 1,182 million carats. In 2017, ALROSA spent a total of al...Read More
One of the potential outcomes of a tradewar is that other nations start dumping U.S. Treasury securities, which couldboost gold demand, says Goldman Sachs. Analysts put out a detailed researchreport outlining how U.S. President Donald Trump’s proposed tariffs on aluminumand steel could impact those metals as well as the industries that rely onthem, both producers and consumers. Yet another i...Read More
Mr. Jean-Sebastien David reportsARIANNE BEGINS R&D EFFORT TO INTEGRATE ALUMINUM INTO ITS TRUCK TRAILERSArianne Phosphate Inc. has started research and development work to integrate aluminum in the design of the trailer that will transport the phosphate concentrate from the Lac a Paul mine to the deepwater port that will be located in Sainte-Rose-du-Nord. The work will be done by the National R...Read More
Mr. Jean-Sebastien David reportsARIANNE BEGINS R&D EFFORT TO INTEGRATE ALUMINUM INTO ITS TRUCK TRAILERSArianne Phosphate Inc. has started research and development work to integrate aluminum in the design of the trailer that will transport the phosphate concentrate from the Lac a Paul mine to the deepwater port that will be located in Sainte-Rose-du-Nord. The work will be done by the National R...Read More
SHANGHAI/BEIJING (Reuters) - China’s central bank will probably have to respond to an expected U.S. interest rate rise at a particularly sensitive time later this month.Zhou Xiaochuan, the long-serving People’s Bank of China (PBOC) governor, is widely expected to be replaced during the annual meeting of China’s parliament, which started in Beijing on Monday.The U.S. Federal Reser...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.(Kitco...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
WASHINGTON (Reuters) - Automakers, business groups and farmers took their fight against U.S. President Donald Trump’s proposed tariffs on steel and aluminum to Capitol Hill on Monday, betting that Republican lawmakers would stand up to the White House on their behalf.By turning to Congress, lobbyists for industries that could lose in a trade war are making a bet that Republican lawmakers wou...Read More
(Reuters) - U.S. stock futures pointed to a higher opening on Tuesday on the prospect of talks between North Korea and the United States and increasing resistance to President Donald Trump’s proposed metals tariffs.North and South Korea will hold their first summit in more than a decade in late April, the South’s presidential office said on Tuesday, adding that North Korea was open to...Read More
SEOUL (Reuters) - North Korea is willing to hold talks with the United States on denuclearization and will suspend nuclear tests while those talks are under way, the South said on Tuesday after a delegation returned from the North where it met leader Kim Jong Un.North and South Korea, still technically at war but enjoying a sharp easing in tension since the Winter Olympics in the South last month,...Read More
(Adds details, quotes, context)MOSCOW, March 6 (Reuters) - Russia's Norilsk Nickel reported a 16 percent drop in 2017 net profit on Tuesday due to a smaller foreign exchange gain, but was optimistic about prospects for its largest revenue generator palladium, saying a market deficit could widen.Norilsk Nickel (Nornickel) is the world's top palladium producer. It also vies with Brazilian miner Vale...Read More
LONDON (Reuters) - The dollar edged down on Tuesday, while the Canadian dollar traded close to an eight-month low on persistent worries about a trade war stemming from U.S. President Donald Trump’s proposed tariffs on imported steel and aluminium.Against the yen - traditionally seen as a safe haven - the dollar edged down 0.2 percent to slip below 106 yen, not far from the 16-month low the g...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.After...Read More
During calendar year 2017, the Cboe Volatility Index (VIX) averaged a daily reading of 11.09 -- considerably lower than its daily average of 14.40 over the period from January 2013 to December 2017. However, through the first two months of 2018, VIX averaged a daily reading of 16.48 -- about 14% above its aforementioned five-year average.The response from options traders to the recent VIX ramp mig...Read More
Vancouver, BC - Select Sands Corp. (TSX-V:SNS | OTCQX: SLSDF) (the "Company") is pleased to announce is pleased to announce it has appointed Mr. Daniel Gillett and Mr. Steven Goldman to the board of directors.Mr. Gillett joins the board with over 30 years experience serving as a director, investment banker, consultant and senior executive, including serving as chief executive officer and c...Read More
Barrick Gold (NYSE, TSX:ABX), the world's top miner of the precious metal, is moving forward with its global employee share plan, which aims at making every staff member an owner of the company.As part of the initiative, launched in 2016, the Canadian miner's employees will receive this year 90 shares each, taking the total held by staff to more than 1.5 million shares, it said Tuesday."Just like...Read More
Barrick Gold (NYSE, TSX:ABX), the world's top miner of the precious metal, is moving forward with its global employee share plan, which aims at making every staff member an owner of the company.As part of the initiative, launched in 2016, the Canadian miner's employees will receive this year 90 shares each, taking the total held by staff to more than 1.5 million shares, it said Tuesday."Just like...Read More
Barrick Gold (NYSE, TSX:ABX), the world's top miner of the precious metal, is moving forward with its global employee share plan, which aims at making every staff member an owner of the company.As part of the initiative, launched in 2016, the Canadian miner's employees will receive this year 90 shares each, taking the total held by staff to more than 1.5 million shares, it said Tuesday."Just like...Read More