Gold Stock Articles

AMD Option Bulls Pay Steep Premiums as Stock Pops

Jan 3, 2018 11:50 AM / Elizabeth Harrow

Chip stocks are hot today, with rivals of sector behemoth Intel (NASDAQ:INTC) catching a big boost from reports of a design flaw in Intel microprocessors produced over the last decade that compromises security. While INTC is down more than 3.7% -- and the biggest decliner on the Dow today -- primary rival Advanced Micro Devices, Inc. (NASDAQ:AMD) is soaring.AMD stock is up 7.2% at $11.77, and on t...Read More

Atlanta Fed Raises U.S. Fourth Quarter Growth View To 3.2 Percent

Wednesday January 03, 2018 11:45 / Kitco News

NEW YORK (Reuters) - The U.S. economy is on track to grow at a 3.2 percent annualized rate in the fourth quarter after data showed construction spending reached a record high in November and stronger-than-forecast December figures on factory activity, the Atlanta Federal Reserve’s GDPNow forecast model showed on Wednesday.The latest estimate for fourth-quarter gross domestic product growth w...Read More

Gold ETF starts 2018 with record winning streak as dollar falls

Jan. 3, 2018, 11:35 AM / Bloomberg News

(Bloomberg) - Call it a new golden age.The SPDR Gold Shares ETF (ticker GLD) kicked off 2018 with an advance of 1.2 percent on Jan. 2, extending its streak of gains to 11, a record. It retreated slightly at the start of regular trading on Jan. 3, but is still up for the year.This "stealth rally in gold" has been enabled by the battered U.S. dollar, says Bespoke Investment Group. The Bloomberg Dol...Read More

Gold Next Stop 1350? - RJO Futures Weekly Gold Outlook

Wednesday January 03, 2018 11:24 / Kitco News

Weekly Gold Focus - Gold futures will continue to keep an eye on the weakening Dollar Index that isstarting off 2018 at a 3-month low despite three more interest rate hikesexpected throughout the year. Rising Geopolitical risks with North Korea andIran has helped set the stage for the safe-haven trade to back in the cards.The top two events to keep an eye out for with a fairly busy economic schedu...Read More

Germans invest heavily in gold in 2017, Deutsche Boerse says

Jan. 3, 2018, 11:05 AM / Reuters

FRANKFURT, Jan 3 (Reuters) - Germans are investing heavily in gold, Deutsche Boerse said on Wednesday, with holdings of a gold-backed security it offers rising almost 50 percent in 2017.Gold is seen as a safe haven for investors during times of uncertainty. Spot gold prices gained about 14 percent during 2017.Deutsche Boerse said its Xetra-Gold notes, which are backed by physical gold, rose in dem...Read More

Low Expectations Could Create Tailwinds for Outperforming Eaton Stock

Jan 3, 2018 10:56 AM / Research Dept.

Power management provider Eaton Corporation (NYSE:ETN) recently announced that it expects to incur a one-time expense between $90 and $110 million as a result of the new tax bill. The guidance was well-received, with ETN stock gapping higher on Friday. From a longer-term perspective, the shares surged an impressive 17.7% in 2017, and their recent low near $75 represents five times the 2009 low. Wh...Read More

Canada Starts Legal Challenge Of 'Troubling' U.S. Lumber Duties

Wednesday January 03, 2018 10:40 / Kitco News

WINNIPEG, Manitoba (Reuters) - Ottawa has launched legal challenges of U.S. duties on imports of certain Canadian softwood lumber products, Canadian Foreign Affairs Minister Chrystia Freeland said on Wednesday.The duties are “unfair, unwarranted and troubling,” harm Canadian lumber producers and raise U.S. home-building costs, Freeland said in a statement.Reporting by Rod Nickel in Win...Read More

4 Stocks Staging Big Gaps on Merger News

Jan 3, 2018 10:29 AM / Elizabeth Harrow

Shares of MoneyGram International, Inc. (NASDAQ:MGI) gapped lower out of the gate this morning, down 9.3% at $12.07, after a U.S. government panel blocked the company's sale to China's Ant Financial. The $1.2 billion deal was scuttled by the Committee on Foreign Investment in the United States (CFIUS), reportedly over national security concerns -- though the committee declined to comment on the ru...Read More

Valeant, Ackman Insider Trading Settlement Gets Day in Court

Jan 3, 2018 10:24 AM / Karee Venema

Shares of Valeant Pharmaceuticals Intl Inc (NYSE:VRX) are trading up 4.5% at $22.76, after a U.S. court set a Jan. 16 hearing date for the drugmaker and Bill Ackman's Pershing Square Capital Management to discuss a proposed $290 million settlement between the two parties over an insider trading lawsuit. The accusations were made following Valeant's unsolicited bid for Allergan (AGN) in 2014, and t...Read More

UPDATE 1-Czech budget ends 2017 in slight deficit after record surplus

Wednesday January 03, 2018 10:21 AM / Kitco News

(Adds details, outlook, FinMin comments)PRAGUE, Jan 3 (Reuters) - The Czech central state budget ended 2017 with a 6.15 billion crown ($289.5 million) deficit, narrower than planned due to higher tax income but falling short of a second straight surplus.The result was the second best figure in the past two decades, the finance ministry said on Wednesday. It followed a record 61.77 billion crown s...Read More

UPDATE 1-Spark to charge $850,000 per patient for blindness gene therapy

Wednesday January 03, 2018 10:20 AM / Kitco News

(Adds company comment, updates share price)Jan 3 (Reuters) - Spark Therapeutics Inc said on Wednesday it will charge $850,000 per patient for its breakthrough gene therapy to treat a rare form of blindness, a lower than expected price that the company said reflects patient and insurer concerns about access and cost.Investors had expected the company to charge closer to $1 million for the treatmen...Read More

Tech Giants IBM, Oracle Upgraded By Analysts

Jan 3, 2018 10:17 AM / Josh Selway

Shares of Oracle Corporation (NYSE:ORCL) and IBM Corp. (NYSE:IBM) are trading higher this morning following bullish analyst updates. For ORCL stock, Morgan Stanley raised its rating to "overweight" from "equal weight," and lifted its price target to $57 from $50. IBM stock, meanwhile, was upgraded to "outperform" from "sector perform" at RBC, and its price target was moved up to $180 from $160. Di...Read More

Solgold maiden resource at Alpala, Ecuador is 5.2m tonnes copper

Jan. 3, 2018, 10:13 AM / Frik Els

After an initial jump shares in Solgold plc (LON, TSX:SOLG) were trading flat by lunchtime on Wednesday after the company, worth $865m on the Toronto stock exchange, released the maiden resource for the Alpala target at its massive Cascabel copper-gold project in northern Ecuador.The latest in a string of announcements from Ecuador, where the Brisbane-based company have completed 63,500m of dr...Read More

Gold Prices Trim Gains Following Rise In ISM Manufacturing Numbers

Wednesday January 03, 2018 10:04 / Kitco News

(Kitco News)- Gold markethas trimmed some of its gains, falling from recent highs, after the U.S.manufacturing sector ended the year on a strong note, according to data fromthe Institutefor Supply Management (ISM).Wednesday,the ISM said its manufacturing index showed a reading of reading 59.7 forDecember, well above economists’ expectations and up compared to November’sreading of...Read More

Analysts Hike Price Targets On Target Stock Amid Amazon Rumors

Jan 3, 2018 9:45 AM / Patrick Martin

It's shaping up to be a critical year for Target Corporation (NYSE:TGT), as rumors continue to swirl about a possible buyout from Amazon.com (AMZN) later in 2018. Nevertheless, after trending higher for several months and adding 3.6% yesterday alone, the retail stock is surging into the new year. Today seems no different, with the equity receiving two price-target hikes this morning. Specifically...Read More

Silvercrest names Ritchie president; arranges financing

2018-01-03 09:15 / Mr. Eric Fier reports

Mr. Eric Fier reportsSILVERCREST APPOINTS CHRISTOPHER RITCHIE AS PRESIDENT; ANNOUNCES PRIVATE PLACEMENT AND GRANTS OPTIONS Silvercrest Metals Inc. has appointed Christopher Ritchie as the company's president, effective Jan. 1, 2018. Mr. Ritchie will report to N. Eric Fier, Silvercrest's founder, chief executive officer and director. The company has also entered into a private placement with Mr. Ri...Read More

Stock Futures Inch Higher as Trump Goes Nuclear on Twitter

Jan 3, 2018 9:14 AM / Karee Venema

U.S. stock futures are trading higher ahead of today's 2 p.m. ET release of the minutes from the latest Fed meeting, where the central bank issued its fifth rate hike in two years. However, today's pre-market upside is being contained after President Donald Trump tweeted that his "Nuclear Button" is "much bigger & more powerful" than that of North Korean leader Kim Jong Un, effectively re-escalati...Read More

Germans invest heavily in gold in 2017, Deutsche Boerse says

Wednesday January 03, 2018 09:03 / Kitco News

FRANKFURT (Reuters) - Germans are investing heavily in gold, Deutsche Boerse said on Wednesday, with holdings of a gold-backed security it offers rising almost 50 percent in 2017.Gold is seen as a safe haven for investors during times of uncertainty. Spot gold prices gained about 14 percent during 2017.Deutsche Boerse said its Xetra-Gold notes, which are backed by physical gold, rose in demand to...Read More

CME Group: Average Daily Metals Volume Soars 23% In 2017

Wednesday January 03, 2018 08:42 / Kitco News

Exchangeoperator CME Group reports that average daily volume in metals markets increased 23% to a record 568,000contracts during 2017. This far exceeded the average daily volume for all CME marketscombined, which was up 4% from 2016 to hit a record 16.3 million contracts.Gains in average daily volume for other markets included interest rates, 9%;foreign exchange, 7%; energy, 6%; and agricultu...Read More

Gold Resting Or Overextended?

Wednesday January 03, 2018 08:33 / Kitco News

(Kitco News) - Gold moved to our short-term target of $1,322 overnight buta slightly stronger tone to the dollar brought fresh selling into the metalscomplex. Gold appears overextended in the short termand is trying to consolidate but requires a break above the $1,322 level togenerate further momentum. There is support at the $1,311 spot level but abreak through here would bring a test of the $1,3...Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok