Amazon.com, Inc. (NASDAQ:AMZN) has shaken up the healthcare sector today. The online retailer announced earlier that it will be teaming up with Berkshire Hathaway (BRK) and JPMorgan Chase (JPM) to provide cheaper healthcare for their U.S. employees, through an independently created firm. However, ahead of earnings later this week -- and despite upbeat analyst attention -- AMZN stock is lower this...Read More
(Kitco News)- The gold market is holding on to modest gains despiteconsumer confidence holding near historic highs.Tuesday, the U.S. Conference Board, said that is ConsumerConfidence Index increased to a reading of 125.4, up from December’s reading of122.1 and beating expectations. According to consensus forecasts, economistswere expecting a reading around 123.2.Looking at some of the compon...Read More
(Kitco News)- Three majorEuropean banks have been fined by the Commodity Futures Trading Commission for“spoofing” and manipulating gold and silver markets.The CFTC announcedMonday that Deutsche Bank, UBS and HSBC face fines totaling $46.6 million.Deutsche Bank was the hardest hit as it was fined $30 million. UBS was orderedto pay $15 million and HSBC was fined $1.6 million.Spoofing, ac...Read More
Aetna Inc (NYSE:AET) and Community Health Systems (NYSE:CYH) are bothlower this morning, along with a host of other healthcare stocks, after news of the big team-up between Amazon.com, Berkshire Hathaway and JPMorgan Chase to provide cheaper healthcare options for employees. Below, we will take a look at what this bombshell is doing to shares of AET and CYH. Aetna Stock Retreats From Record H...Read More
Shares of Intel Corporation (NASDAQ:INTC) and World Wrestling Entertainment, Inc. (NYSE:WWE) have gotten off to exceptionally strong starts to 2018. This outperformance has evidently grabbed Wall Street's attention, with both stocks enjoying bullish brokerage attention this morning. Let's take a quick look at INTC and WWE below. Citigroup Thinks Intel Can Rally Another 17%Intel stock is trading 0...Read More
It was a brutal year for the United States Natural Gas Fund (UNG) in 2017, as the exchange-traded fund (ETF) shed more than 37% of its value over the course of that 12-month stretch. In fact, the fund was trading around $5 at the start of 2018, just prior to a reverse 4-for-1 share split executed after the close on Jan. 4 -- which accomplished the ostensible goal of pulling the ETF back from the p...Read More
Stock futures are signaling a second straight day of sharp losses, as the 10-year Treasury yield holds near a three-year high of 2.7%. Traders are also reacting to news Amazon (AMZN), Berkshire Hathaway (BRK.A), and JPMorgan Chase (JPM) are teaming up to tackle rising healthcare costs for their U.S. employees, with blue-chip insurance giant UnitedHealth (UNH) down more than 6% ahead of the bell --...Read More
Gold is likely to consolidate in the near term even though themetal may be headed toward $1,400 an ounce yet this year, says TD Securities.For one thing, forex and gold traders want to see what Federal Reservepolicymakers say at their meeting this week before becoming too aggressive. “It is likely that with the Fed signaling a March hike, there willbe many market participants choosing to tak...Read More
(Kitco News) - Gold and silver markets are modestly higher in early U.S. trading Tuesday. A weakerU.S. dollar index is working in favor of the precious metals market bulls onthis day. April Comex gold futures were last up $0.90 an ounce at $1,345.80. March Comex silver was last up $0.043 at $17.185 an ounce.Worldstock markets were mostly weaker overnight. U.S. stock indexes are pointedtoward lowe...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
Alio Gold Inc.(TSX, NYSE AMERICAN: ALO)says 2018 production at the San Francisco Mine in Mexico is forecast toincrease to between 90,000 and 100,000 ounces. All-in sustaining costs areprojected at between $1,000 and $1,100 per ounce, and capital and mine siteexploration spending is pegged at between $2.5 and $3 million “After aturnaround year in 2017, we are expecting the San Francisco Mine...Read More
* Graphic: World FX rates in 2017 By Saikat Chatterjee and Tommy WilkesLONDON, Jan 30 (Reuters) - The dollar reversed earlier gains and fell a quarter of a percent on Tuesday after U.S. yields pulled back from recent highs while the euro strengthened after economic data confirmed the euro zone economy is growing at a healthy clip.The greenback is set for its biggest monthly decline since July 2017...Read More
Markets are under pressure -- theequities, dollar, oil and gold are all struggling at these lofty levels.Equities are as overbought as they have been in history, based on the RSI. On aweekly and monthly basis, the RSI has never been higher. This is the firstmarket I can remember which only goes up and hasn't had two-way trade. Even thefamous bubbles of the 1990s and 2008 went up and down.Gold and...Read More
Mr. Walt Coles reportsSKEENA INTERSECTS 44.10 G/T GOLD OVER 1.50 METRES AT SNIPSkeena Resources Ltd. has released results from the final 12 holes of the 62-hole diamond drill program completed at the company's Snip gold project located in the Golden Triangle of British Columbia.Drilling highlights: 10.02 grams per tonne gold over 4.15 metres (UG17-049); 9.21 g/t Au over 5.88 m (UG17-050);44.10 g/...Read More
U.S. December Inflation-Adjusted Consumer Spending RisesU.S. consumer spending rose at a solid pace in December after an upwardly revised advance a month earlier as shoppers splurged during the holiday season. While incomes also rose, the saving rate fell to a fresh 12-year low.Purchases, which account for about 70 percent of the economy, climbed 0.4 percent after a revised 0.8 percent advance, Co...Read More
Ever wanted to know what $40 million in recovered gold looks like? Well now you will get your chance as the world's greatest lost treasure goes on display in California next month. From Feb. 22 to 24, gold recovered from the SS Central America, also known as the "Ship of Gold," will be on display during the Long Beach Coin, Currency, Stamp & Sports Collectible Expo, courtesy of the Californi...Read More
Stocks tumbled on Monday, Jan. 29, as bond yields spiked. The Dow Jones Industrial Average declined by 177 points, or 0.67%, to 26,439. The S&P 500 also declined by 0.67% and the Nasdaq slid 0.52%. Leading the Dow lower on Monday were Caterpillar Inc. (CAT) and Apple Inc. (AAPL) . Apple fell 2% following a report from Nikkei that said the tech giant was cutting iPhone X production...Read More
Gold RunAll That Glitters Is the Dollar's WeaknessThe metal's recent rise isn't about inflation rising or cryptocurrencies falling.By Marcus Ashworth@marcusashworthMore stories by Marcus AshworthRead More
Jack ChanPosted Jan 29, 2018GLD – on buy signal.***SLV – on buy signal.***GDX – on buy signal.***XGD.TO – on buy signal.***CEF – on buy signal.***GDXJ – on buy signal.***Speculation is in bull market values.Speculation recovered sharply from the lowest level in years.The is a massive bottoming pattern four years is the making, with prices now testing resistance....Read More
Euro, yen, franc drop versus greenback; Europe stocks struggleZinc surges with other base metals amid optimism over growthBloomberg's Mike McKee reports on the sixth round of Nafta talks.The Standard & Poor’s 500 Index declined by the most since September and yields on benchmark Treasuries touched the highest levels since early 2014 as traders gear up for a hectic week of data and polic...Read More