Recent News

Gold Rally Loses Steam As U.S. Stock Market Posting Solid Gains

October 25, 2018 / www.kitco.com

(Kitco News) - Gold prices have given back moderate early gains in late-morningtrading Thursday, at the same time U.S. stock indexes are trading near theirdaily highs and are posting solid gains. However, there is a lot of the sessionleft to trade today and the stock indexes are likely to remain volatile. Look for gold to trade in an inverse relationship withthe stock indexes the rest of today, an...Read More

U.S. state banking regulators sue government to stop fintech charters

October 25, 2018 / www.kitco.com

WASHINGTON (Reuters) - A body of U.S. state banking regulators on Thursday sued the federal government to void its decision to award national bank charters to online lenders and payment companies, saying it was unconstitutional and puts consumers and taxpayers at risk.The Conference of State Bank Supervisors (CSBS) said it had filed a complaint in the U.S. District Court for the District of Columb...Read More

Volkswagen und Glencore: Weshalb Autobauer sich zunehmend mit der Minen-Industrie auseinandersetzen m? 1/4 ssen #mining...

October 25, 2018 / twitter.com

"Volkswagen und Glencore: Weshalb Autobauer sich zunehmend mit der Minen-Industrie auseinandersetzen m? 1/4 ssen #mining #kupfer #kobalt #EV https://t.co/v9U4Z327OO"Read full newsRead More

With record number of women running in U.S. elections, gender gap could boost Democrats

October 25, 2018 / www.kitco.com

WASHINGTON (Reuters) - The record numbers of women running for office in the United States this year are mostly Democrats, and their party is banking on their candidacies and a widening gender gap on key issues to achieve big wins in the Nov. 6 elections.Reuters/Ipsos polling two weeks ahead of Election Day showed Democrats with a 5-percentage-point lead over Republicans among likely voters in the...Read More

Excellent story @ Global Mining Observer - #Glencore & Volkswagen: When Carmakers Drove into the Mining Industry -...

October 25, 2018 / twitter.com

"Excellent story @ Global Mining Observer - #Glencore & Volkswagen: When Carmakers Drove into the Mining Industry - The inside track on how #VW tried to buy-up the #cobalt market #EV https://t.co/mNeI00HudK"Read full newsRead More

Second day of bombs target Democrats, critics of Trump

October 25, 2018 / www.kitco.com

WASHINGTON/NEW YORK (Reuters) - Authorities discovered suspicious packages sent to former Vice President Joe Biden and actor Robert de Niro on Thursday, a day after several high-profile Democrats and critics of U.S. President Donald Trump were targeted with similar devices.None of the nine confirmed devices exploded but authorities stepped up their manhunt for the would-be serial bomber, with cruc...Read More

Eurasian Resources Group forecasts a strong metals price recovery

October 25, 2018 / www.mining.com

Following LME Week, Mr Benedikt Sobotka, CEO of Eurasian Resources Group (ERG), one of the world's leading diversified natural resources groups, predicts a strong metals recovery ahead.Our view that commodities have fallen foul of wider macroeconomic concerns and the changing geopolitical landscape was confirmed at this year's LME Week. One of the issues that came up repeatedly was the fact that g...Read More

Eurasian Resources Group forecasts a strong metals price recovery

October 25, 2018 / www.mining.com

Following LME Week, Mr Benedikt Sobotka, CEO of Eurasian Resources Group (ERG), one of the world's leading diversified natural resources groups, predicts a strong metals recovery ahead.Our view that commodities have fallen foul of wider macroeconomic concerns and the changing geopolitical landscape was confirmed at this year's LME Week. One of the issues that came up repeatedly was the fact that g...Read More

History Says This Energy Stock Looks Cheap

October 25, 2018 / www.schaeffersresearch.com

The shares tend to rebound after dips to the 200-day moving averageEnergy stocks have taken a hit in recent weeks, as oil prices drop on oversupply fears. However, the shares of Cheniere Energy, Inc. (NYSE:LNG) could be cheap at current levels, if recent history is any indicator. The stock has pulled back to a key trendline -- a technical signal that's had very bullish implications in the past.LNG...Read More

U.S. business spending on equipment slowing; goods trade deficit rises

October 25, 2018 / www.kitco.com

WASHINGTON (Reuters) - New orders for key U.S.-made capital goods fell for a second straight month in September and the goods trade deficit increased further amid rising imports, suggesting economic growth moderated in the third quarter.But the growth pace was probably solid, with other data on Thursday showing gains in both wholesale and retail inventories last month. The economy is being underpi...Read More

Bears Blast Electronic Arts Stock Before Earnings

October 25, 2018 / www.schaeffersresearch.com

SunTrust Robinson cut its EA price target this morningIt's been a rough stretch for Electronic Arts Inc. (NASDAQ:EA), with the shares notching just three positive closes so far in October. Overall, EA stock is down 19% month-to-date -- pacing toward its biggest monthly loss since October 2008, when it lost 38.4%. Today, the security is up 3% at $99.12 in early trading, but this bounce may be due t...Read More

Allegiant Travel Stock Falters Again

October 25, 2018 / www.schaeffersresearch.com

ALGT's horrible year continuesAllegiant Travel Company (NASDAQ:ALGT) is adding to its massive year-to-date losses after the company's earnings report. Earnings per share for the third quarter came in at 94 cents, lower than the average analyst estimate of 96 cents. As such, ALGT is trading down 6.6% at $107.86, pennies above the new four-year low it hit this morning, with Cowen jumping in with a p...Read More

Brazil's #Vale misses 3rd qtr income estimate, revenue rises

October 25, 2018 / bit.ly

Brazil's Vale SA , the world's largest iron ore producer, on Wednesday posted $1.408 billion in third-quarter net income, below the 2.23 billion a year-ago.Read full newsRead More

Barrick #Gold profit, revenue drop as metal prices weaken

October 25, 2018 / bit.ly

Q3 sees lower profit due to lower prices for gold and copper alongside higher fuel costs.Read full newsRead More

OPEC, allies may need to change course as oil inventories rise: panel

October 25, 2018 / www.kitco.com

LONDON/RIYADH (Reuters) - OPEC and non-OPEC oil producers, which agreed to relax supply curbs in June, may need to change course because of rising inventories and economic uncertainties, according to a ministerial panel’s findings released on Thursday.The statement might further complicate relations between the Organization of the Petroleum Exporting Countries and the United States, whose Pr...Read More

Even the most experienced #lithium producers struggle when it comes to ramping up supply, suggesting that many proj...

October 25, 2018 / twitter.com

"Even the most experienced #lithium producers struggle when it comes to ramping up supply, suggesting that many projects being touted by small companies will never be built, according to Banco Santander. https://t.co/vyvmxQJpFF via @business"Read full newsRead More

ECB's Draghi: Confident Italy, European Commission will resolve budget standoff

October 25, 2018 / www.kitco.com

FRANKFURT, Oct 25 (Reuters) - European Central Bank President Mario Draghi said on Thursday that he was confident Italy and the European Commission would resolve their standoff over Rome’s budget plans for 2019.The European Commission rejected Italy’s draft 2019 budget this week, saying it brazenly broke EU rules on public spending, and asked Rome to submit a new one within three weeks...Read More

China says 'hard to understand' U.S. skipping import fair

October 25, 2018 / www.kitco.com

BEIJING (Reuters) - China finds it “hard to understand” why the United States is not sending senior government officials to a major import expo in Shanghai next month, the foreign ministry said on Thursday.The world’s two biggest economies are locked in an escalating tariff row, with President Donald Trump having railed against China for what he sees as intellectual property thef...Read More

EU-Turkey non-tariff trade barriers must be abolished, says Germany's Altmaier

October 25, 2018 / www.kitco.com

BERLIN, Oct 25 (Reuters) - Non-tariff trade barriers between the European Union and Turkey must be eliminated, German Economy Minister Peter Altmaier said on Thursday.Altmaier made the comments at a joint news conference with Finance Minister Berat Albayrak in Ankara. Altmaier also said discussing the European Union's customs policy with Turkey was a complicated process and there was a need for mo...Read More

Hilton Stock Rallies On Ackman Stake, Upgrade

October 25, 2018 / www.schaeffersresearch.com

Hilton shares had been in a ugly slump heading into todayThe shares of Hilton Hotels Corporation (NYSE:HLT) are up 1.9% to trade at $66.92, after Bill Ackman's Pershing Square Capital Management unveiled a 3.7% stake in the hotel operator. This follows yesterday morning's mixed earnings results, in which Hilton reported a third-quarter profit beat, but lowered the top end of its 2018 RevPAR grow...Read More

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