Kirkland Lake Gold Ltd. (TSX, NYSE: KL;ASX: KLA) reports gold production for the first quarter came to 147,644 ounces,an increase of 13% from the same period a year ago. Output exceeded targetlevels, driven by record monthly production in March of 71,615 ounces, whichlargely reflected positive grade performance at both Fosterville and Macassa,Kirkland says. The company says it expects production t...Read More
U.S-China trade relations continue to fuel volatile action on Wall StreetThe U.S. stock market looks set for another day of volatile trading, with futures on the Dow Jones Industrial Average (DJI) up triple digits at last check. Investor sentiment appears to be getting a boost from the Trump administration, which attempted over the weekend to ease trade war fears that sent stocks spiraling last Fr...Read More
Commerzbank figures gold should hold around $1,300 on anypullback since physical demand tends to be encouraged at this level. “On anumber of occasions recently, gold has been seen to respond more to bearishthan to bullish news,” analysts say. “This could signal an upcoming correctionwhich could take the gold price back down towards the $1,300 mark. We do notbelieve the price will...Read More
Headlines have driven sharp intraday movement, though net directional movement has been limited"Given the heavy put open interest around current SPY levels, and the other major technical levels also in play, we could be in store for another few weeks of volatile daily movements that result in little net movement..."-- Monday Morning Outlook, April 2, 2018 Only fools, or worse, are saying that our...Read More
(Kitco News) - Safe-havengold and silver prices are slightly lower in early U.S. trading Monday. Higherworld stock markets overnight are a negative for the competing asset class ofprecious metals. However, a slightly weaker U.S. dollar index today is workingin favor of the metals bulls. June Comex gold futures were last down $0.60 anounce at $1,335.40. May Comex silver was last down $0.007 at $16....Read More
• A modest USD recovery/positive US bond yields prompt some fresh selling. • Improving risk-appetite does little to revive safe-haven demand and lend support. Gold held on to its weaker tone through the early European session on Monday and eroded a part of Friday's goodish recovery move from over 2-week lows. Concerns over US-China trade tensions...Read More
ZURICH (Reuters) - Swiss drugmaker Novartis (NOVN.S) is moving further into gene therapy by buying AveXis (AVXS.O) for $8.7 billion, adding a rare-disease treatment that could reap billions in sales.The acquisition reflects a surge of interest in biotech deal-making as large pharmaceutical companies seek promising new assets to boost their pipelines.The $218-per-share cash deal announced on Monday...Read More
(Reuters) - Viacom Inc (VIAB.O) has asked CBS Corp (CBS.N) to sweeten its merger bid by about $2.8 billion or almost a quarter more than CBS’s offer, people familiar with the matter said, indicating the wide gap in the U.S. media firms’ price expectations.National Amusements Inc, the Redstone family company that controls CBS and Viacom, has pushed them to negotiate a merger by forming...Read More
WASHINGTON (Reuters) - A trade group representing top technology companies on Monday told U.S. Treasury Secretary Steven Mnuchin that it opposes the Trump administration’s focus on tariffs to try to change China’s unfair trade practices.The Information Technology Industry Council said in a letter to Mnuchin that it supports the Trump administration’s “Section 301” inv...Read More
(Kitco News) - CoeurMining, Inc. (NYSE: CDE) posted first-quarter production of8.3 million silver-equivalent ounces that included 3.2 million silver ouncesand 85,383 gold ounces, the company said Monday.The companyleft full-year guidance at between 36 million and 39.4 million ounces.Thefirst-quarter output was up slightly from 8 million silver-equivalent ounces inthe same quarter of 2017 although...Read More
WASHINGTON (Reuters) - North Korea has told the United States for the first time that it is prepared to discuss the denuclearization of the Korean Peninsula when North Korean leader Kim Jong Un meets President Donald Trump, a U.S. official said on Sunday.U.S. and North Korean officials have held secret contacts recently in which Pyongyang directly confirmed its willingness to hold the unprecedente...Read More
LONDON (Reuters) - Donald Trump will regret it if he pulls out of the nuclear deal with Iran, President Hassan Rouhani said on Monday, warning the U.S. president that Tehran’s response would be stronger than he thinks.U.S. sanctions that were lifted under the Joint Comprehensive Plan of Action (JCPOA) of 2015 will resume unless Trump waives them again on May 12. Trump has effectively set tha...Read More
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank would eventually need to consider how to normalize its ultra-easy monetary policy.But he reiterated that it was too early to debate specific means to whittle down stimulus with inflation distant from the BOJ’s 2 percent target.“I think the process of any shift (from easy policy) would be cautious a...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
The metals continue to trade in arange and now that range is narrowing, indicating a big move is on the horizon.The only question is which way -- just like Elmer Fudd in the Bugs Bunnycartoons, which way did he go?Congestion is the toughestpattern to read because the markets continue to make a series of double topsand double bottoms. The congestion phase can easily be named the confusionphase beca...Read More
Could this biotech bet bank you 1,700% profit?Contributed by Raging BullBig pharma isn't what it use to be and investors are wondering what the future holds for the Goliaths of the industry.Kyle Dennis, one of the most well known up and coming traders, saw this shift happening when others didn't. Years ago, he began to place a heavy emphasis on small-cap biotech stocks he saw enormous upside for a...Read More
Mr. Vishal Gupta reportsCALIFORNIA GOLD ANNOUNCES MORE HIGH-GRADE ASSAYS FROM NEW DISCOVERY AT QUEEN SPECIMEN ZONE - INTERSECTS 22.91 G/T AU ACROSS 1.8 M, HOSTED WITHIN A BROADER ZONE GRADING 4.67 G/T AU ACROSS 14.9 M AT FREMONTCalifornia Gold Mining Inc. has released the fifth set of assay results from the continuing resource drilling program at the Queen Specimen zone at its flagship Fremont pro...Read More
Mr. Peeyush Varshney reportsCANADA ZINC METALS ANNOUNCES METALLURGICAL RESULTS FROM THE CARDIAC CREEK DEPOSITCanada Zinc Metals Corp. has released results from new metallurgical test data on the 2017 drill core from its 100-per-cent-owned zinc-lead-silver Cardiac Creek deposit located on the Akie property in northeastern British Columbia.Highlights:Flotation testing on the global composite indicat...Read More
* Dollar eases versus currency basket, stocks firm * Palladium set for biggest one-day rise in 3 months * GRAPHIC-2018 asset returns: (Updates prices, headline)By Renita D. Young and Jan HarveyNEW YORK/LONDON, April 9 (Reuters) - Gold prices rose onMonday as the U.S. dollar turned lower, but caution over theprospect of a potential escalation in the China-U.S. tradedispute, upcoming U.S. data and U...Read More
SHANGHAI, April 9 (Reuters) - The yuan gave up early gainsand weakened against the U.S. dollar on Monday after BloombergNews reported China is evaluating the potential impact of agradual yuan depreciation as a tool in the escalating tradedispute with the United States. The report, which cited unidentified sources familiar withthe matter, triggered a sudden sell-off in the Chinese currencyin aftern...Read More