WASHINGTON (Reuters) - The U.S. government has approved the sale of anti-ballistic missiles to Japan to defend itself against a growing nuclear and missile threat from North Korea, a State Department official said on Tuesday.News of the sale comes as North and South Korea hold their first talks in more than two years aimed at solving the crisis over the North’s nuclear missile program.The mi...Read More
Mr. Paul Huet reports KLONDEX ANNOUNCES A REDUCTION IN UNDERGROUND OPERATIONS AND WORKFORCE AT TRUE NORTH AND EXECUTIVE MANAGEMENT CHANGE Klondex Mines Ltd. has made a change in operations in Canada, which includes the immediate reduction of underground mining operations and work force at its True North mine in Manitoba, Canada.Following an extensive review of recent operational performance at Tru...Read More
The fact that gold pricing is trading under pressure is not a big surprise, and actually can be viewed as a well-needed pause in the rally currently underway. After trading to $1238 per ounce in mid-December of last year, gold prices have gained almost $90 before hitting resistance at $1327 late last week.Historically speaking, rallies in the precious yellow metal will move pricing roughly $100 du...Read More
U.S. stocks continued to march higher, with all three major market indexes touching fresh record highs. Itmarks the first time since 2000 in which the Dow, S&P, and Nasdaq all touched a record high within the first six sessions of the year, as well as the first time ever that they have notched all-time highs in each of the first six sessions. This monumental day was guided by a rally in healthcare...Read More
(Kitco News)- The countdown begins - in one month athletes from around theworld will converge in Pyeongchang, South Korea to compete for their country’shonor and the coveted Olympic medals.In total, only about 50 ounces of gold was used to createall the gold medals that will be handed out.On its website, the International Olympic Committee saidthat the South Korean medals were designed by th...Read More
Mr. John Burzynski reportsOSISKO INTERSECTS 140 G/T AU OVER 5.0 METRES AT LYNX Osisko Mining Inc. hasprovided new results from the continuing drill program at its 100-per-cent-owned Windfall Lake gold project located in the Abitibi greenstone belt in Urban township, Eeyou Istchee James Bay, Quebec. The 800,000-metre drill program combines definition, expansion and exploration drilling in and arou...Read More
Gold correlates with the four big markets: the dollar, the USD/JPY ratio, Treasury rates, and inflation expectations (TIP).Gold is behaving oddly relative to three of these four markets.This fairly-odd behavior may signal a change in the gold market.In previous SA articles, we demonstrated how gold correlates to the four big markets: the dollar, the USD/JPY ratio, Treasury rates, and inflation exp...Read More
Gold's corrective drop continues on Tuesday. DXY sticks to daily gains above 92. US stocks extend their upside to fresh all-time highs. The XAU/USD pair started the second day of the week under pressure and dropped to a fresh 5-day low at $1308 in the early NA session. As of writing, the pair was trading at $1311, losing $9, or 0.7%, on the day. Heightened expectations of the Fed going for a...Read More
In early August, Sprint Corp (NYSE:S) lost its footing atop its formerly supportive 200-day moving average, and the shares have been struggling since -- a move only exacerbated by the telecom concern's cancelled merger with T-Mobile (TMUS) in early November. Today, S stock is down 0.5% to trade at $5.76, and some options traders have been bracing for even bigger losses.Taking a closer look at the...Read More
The U.S. gold market suffered a net deficit this year compared to a small surplus in 2016. This was quite interesting because U.S. physical gold demand will be down considerably this year. In 2016, total U.S. gold demand was 212 metric tons versus an estimated 150 metric tons this year. The majority of the decline in U.S. gold demand is from the physical bar and coin sector that is down 56%...Read More
The U.S. stock market is scaling record highs once again, as bank stocks surge ahead of the start of earnings season. A rally in healthcare shares is also lifting the broader equities indexes, with sickle cell specialist Global Blood Therapeutics Inc (NASDAQ:GBT), genetic testing name Illumina, Inc. (NASDAQ:ILMN), and chronic pain expert Pain Therapeutics, Inc. (NASDAQ:PTIE) all on the move. Here'...Read More
One of this market's biggest drivers in recent years has been the healthcare sector, evidenced by the strength seen from the Health Care Select Sector SPDR Fund (XLV), with each notable pullback turning into a prime buying opportunity. In fact, the exchange-traded fund (ETF) has experienced only three negative quarters over the past five years, and just touched an all-time high of $86.01. Johnson...Read More
Caroline ValetkevitchNEW YORK (Reuters) - Stocks in world indexes continued their flying start to the year on Tuesday as bank stocks gained, while U.S. oil touched its highest since late 2014.A tweak to the Bank of Japan’s bond-buying program shunted the yen higher, while the dollar climbed against a basket of major currencies, recovering further from last week’s decline to its lowest...Read More
WASHINGTON (Reuters) - The U.S. Federal Reserve should keep interest rates low so that wage gains accelerate and inflation rises, Minneapolis Federal Reserve President Neel Kashkari said on Tuesday.“Inflation has been low, wage growth has been low, so I‘m advocating for lower interest rates to get wages up and to get inflation back to our 2 percent target,” Kashkari said at an ev...Read More
Christine Kim, Hyonhee ShinSEOUL (Reuters) - North Korea said after its first talks with South Korea in more than two years that it would not discuss its nuclear weapons with Seoul because they were aimed only at the United States, not its “brethren” in South Korea.In a joint statement after 11 hours of talks North Korea pledged to send a large delegation to next month’s Pyeongch...Read More
Oil prices are trading in territory not charted since late 2014, with February-dated crude futures last seen 1.7% higher at $62.79 per barrel. Against this backdrop, several oil-and-gas stocks are also higher today, including WPX Energy Inc (NYSE:WPX) and HollyFrontier Corp (NYSE:HFC). What's more, WPX and HFC stocks could extend their upward momentum in the near term, if history is any indicator,...Read More
The Dollar jumped to a fresh weekly high against a basket of major currencies on Tuesday amid market optimism over the US Federal Reserve raising interest rates at least twice in 2018. There is a suspicion that Dollar bullish investors are starting to look beyond December’s disappointing NFP headline figures, and have their sights set on wage growth which held steady at 2.5% to support the D...Read More
(Kitco News) - Goldand silver prices were ending the U.S. day session weaker Tuesday. A solid bouncein the U.S. dollar index early this week is putting price pressure on the goldand silver markets. Some normal profit-taking and chart consolidation is alsofeatured after gold prices hit a 3.5-month high last week. February Comex goldwas last down $7.30 an ounce at $1,313.10. March Comex silver was l...Read More
Jan 10 (Reuters) - Stock Markets Net ChngStock MarketsNet ChngS&P/ASX 200** 6,135.805.40NZX 50**8,433.23 7.75DJIA25,411.31 128.31NIKKEI**23,849.99135.46Nasdaq7,177.558 20.17 FTSE**7,731.02 34.51S&P 500 2,757.339.62Hang Seng** 31,011.41111.88SPI 200 Fut 670719STI** 3,524.65 12.47SSEC**3,414.835.35KOSPI** 2,510.23 -3.05-------------------------------------------------------------------------...Read More
* Target joins retailers that recorded strong holiday sales* Microsoft halts some AMD chip Meltdown patches after PCs freeze* Indexes up: Dow 0.45 pct, S&P 0.26 pct, Nasdaq 0.16 pct (Updates to early afternoon)By Sruthi ShankarJan 9 (Reuters) - Wall Street's major indexes inched higher on Tuesday as financial, healthcare and industrial stocks extended the new year rally powered by expectations...Read More