Recent News

Google's top U.S. public policy official leaving post

November 02, 2018 / www.kitco.com

WASHINGTON (Reuters) - Alphabet Inc’s (GOOGL.O) Google unit said on Friday that its Washington office chief, who also heads Americas policy, is stepping down as the company faces criticism on issues including how it protects users’ privacy and its investment plans in China.Susan Molinari, a former Republican member of Congress who has run Google’s Washington policy operations for...Read More

BTU Appoints Past Red Lake Resident Geologist Mr. Tony Pryslak To Advisory Board @BTUMetalsCorp...

November 02, 2018 / twitter.com

"BTU Appoints Past Red Lake Resident Geologist Mr. Tony Pryslak To Advisory Board @BTUMetalsCorp https://t.co/UvaAYpcR5i"Read full newsRead More

Gold Technical Analysis: Struggles to build on positive momentum, upbeat NFP report capped gains

November 02, 2018 / www.fxstreet.com

   •  The precious metal managed to rebound from 50% Fibonacci retracement level of the $1180-$1243 recent upsurge on Wednesday, though struggled to build on the overnight upsurge following the release of upbeat NFP report.    •  However, technical indicators on hourly/daily charts have been holding in bullish territory and support prospects for an extension...Read More

What Central Banks Bought Gold In 2018?

November 02, 2018 / www.kitco.com

(Kitco News) - Central banks are not onlypurchasing more gold than in recent years, but a number of new buyers haveentered the fray.This includes Poland and Hungary,the first European Union nations to buy gold since the start of the century,said Junlu Liang, senior analyst with the consultancy Metals Focus. In the caseof Hungary, the central bank not only bought its first gold in 32 years, butalso...Read More

What Central Banks Bought Gold In 2018?

November 02, 2018 / www.kitco.com

(Kitco News) - Central banks are not only purchasing more gold than in recent years, but a number of new buyers have entered the fray.This includes Poland and Hungary, the first European Union nations to buy gold since the start of the century, said Junlu Liang, senior analyst with the consultancy Metals Focus. In the case of Hungary, the central bank not only bought its first gold in 32 years, bu...Read More

Analyst Sees This Retail Stock's Price Tag As "Undervalued"

November 02, 2018 / www.schaeffersresearch.com

UBS' price target represents a 40% premium to yesterday's closeThe shares of Michael Kors Holdings Ltd (NYSE:KORS) are up 3.5%, at last check, to trade at $58.51. This upside comes after UBS upgraded the retailer to "buy" from "neutral," and boosted its price target to $80 from $76, a nearly 40% premium yesterday's close. In addition, Piper Jaffray also raised its rating on KORS -- to "overweight...Read More

U.S. allows eight jurisdictions to keep buying Iran oil for now

November 02, 2018 / www.kitco.com

WASHINGTON (Reuters) - The United States said on Friday it will temporarily spare eight jurisdictions from U.S. Iran-related sanctions, allowing them to keep importing Iranian oil after U.S. economic penalties come back into effect on Monday.U.S. Secretary of State Mike Pompeo, who announced the decision in a conference call, did not name the jurisdictions, but he said that the European Union as a...Read More

Germany, Poland pushing for Brexit deal in next few days: Merkel

November 02, 2018 / www.kitco.com

WARSAW (Reuters) - Germany and Poland want Britain and the European Union to agree on an orderly divorce process over the next few days, Chancellor Angela Merkel said on Friday, warning that a lot of work remained to be done before a final deal is reached.“Over the next few days, and I have to say we don’t have many days left, we want to agree an orderly process with Britain for when B...Read More

Asia Gold-India's festival week fails to spark demand

November 02, 2018 / www.mining.com

MUMBAI/BENGALURU, Nov 2 - Physical gold demand in India was lacklustre this week, with dealers offering discounts for the metal ahead of a traditionally busy festival week for the first time in at least three years, as high prices kept consumers away.Prices in India, the second biggest gold consumer after China, held near 33,000 Indian rupees per 10 grams, the highest since September 2013, ahead o...Read More

Asia Gold-India's festival week fails to spark demand

November 02, 2018 / www.mining.com

MUMBAI/BENGALURU, Nov 2 - Physical gold demand in India was lacklustre this week, with dealers offering discounts for the metal ahead of a traditionally busy festival week for the first time in at least three years, as high prices kept consumers away.Prices in India, the second biggest gold consumer after China, held near 33,000 Indian rupees per 10 grams, the highest since September 2013, ahead o...Read More

Stocks Pare Weekly Gains After Apple Earnings

November 02, 2018 / www.schaeffersresearch.com

All three indexes started the session in positive territoryThe Dow Jones Industrial Average (DJI) jumped nearly 200 points at the open on trade optimism and a strong October jobs report. However, the White House's denial that a U.S.-China trade deal is in the works and a sharp post-earnings sell-off for Apple (AAPL) stock has pulled the Dow into negative territory, with the S&P 500 Index (SPX) an...Read More

Now May Be The Time To Buy Into The Gold Majors

November 02, 2018 / seekingalpha.com

The proposed Barrick/Randgold merger, assuming it is implemented, will likely lead to a positive re-rating of the whole sector.Randgold's management has been brought in by Barrick in an attempt to change the latter's management philosophy for the better.Barrick shareholders may not be happy with a greater involvement in Africa, but Randgold has seen over a decade of virtually uninterrupted...Read More

Nippon Steel first-half profit falls 4% on rising costs, slower output

November 02, 2018 / www.mining.com

TOKYO, Nov 2 - Japan's top steelmaker Nippon Steel & Sumitomo Metal reported a 4 percent fall in recurring profit for April-September due to rising costs and slower-than-expected output, but it stuck to its full-year forecast."Domestic steel demand is expected to remain healthy, but we see growing uncertainty over an impact on (the) global economy from US-China trade frictions," Nippon Steel Execu...Read More

Bayer CEO says would consider glyphosate settlement depending on costs

November 02, 2018 / www.kitco.com

ST. LOUIS, Mo. (Reuters) - Bayer AG’s chief executive said this week the company might consider settling lawsuits over Monsanto’s glyphosate-containing weed-killers depending on how high court costs rise, but stressed it remained focused on defending the combined company against claims they cause cancer.Bayer acquired Monsanto this year for $63 billion.“If we can settle nuisances...Read More

U.S. Midterms Keeping Gold Investors On Their Toes

November 02, 2018 / www.kitco.com

(Kitco News)- Wall Street looks for gold prices to rise next week, although many in the weekly Kitco News gold surveyalso described themselves as neutral at the moment due to uncertaintysurrounding U.S. midterm elections on Tuesday.Main Street remainedbullish.The Republicans are seenmaintaining control of the U.S. Senate, but news reports suggest Democrats havea chance to take control of the House...Read More

U.S. Midterms Keeping Gold Investors On Their Toes

November 02, 2018 / www.kitco.com

(Kitco News) - Wall Street looks for gold prices to rise next week, although many in the weekly Kitco News gold survey also described themselves as neutral at the moment due to uncertainty surrounding U.S. midterm elections on Tuesday.Main Street remained bullish.The Republicans are seen maintaining control of the U.S. Senate, but news reports suggest Democrats have a chance to take control of the...Read More

Russian steelmaker MMK cautious after strong quarter, delays Turkey project

November 02, 2018 / www.mining.com

MOSCOW, Nov 2 - Russian steelmaker MMK reported its strongest quarter in a decade on Friday but it postponed the relaunch of steel production in Turkey and warned that falling prices could hit profits in its final quarter.The relaunch of hot-rolled steel production at its Turkish site was delayed earlier this year due to rising trade tensions and a surge in protectionist measures.MMK's third-quart...Read More

277 Billion Reasons Why France Is So Worried About #Italy's Showdown With Brussels | Zero Hedge

November 02, 2018 / www.zerohedge.com

...the French megabanks are on the hook!Read full newsRead More

Economy glides, but fading 'Trump bump' may cast shadow over 2020 race

November 02, 2018 / www.kitco.com

WASHINGTON (Reuters) - President Donald Trump’s bet that tax cuts and a gush of government spending would smooth the path to a second term may falter as cracks begin to appear in a decade-old recovery.After a nine-year bull run, stocks have wobbled. Capital investment has recently weakened despite a corporate tax cut meant to boost it. Home sales have softened for several months running, and...Read More

SEC collects nearly $4 billion in fines, disgorgement in fiscal 2018

November 02, 2018 / www.kitco.com

WASHINGTON (Reuters) - The Securities and Exchange Commission assessed $3.945 billion in disgorgement and penalties across 821 enforcement actions in fiscal 2018, the agency’s enforcement division said in its annual report on Friday.The total was a slight uptick in activity for the SEC, which reported just 754 actions in fiscal 2017 totaling $3.7 billion in disgorgement and penalties.“...Read More

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