Recent News

Euro zone investor morale bounces but outlook uncertain: Sentix

July 09, 2018 / www.kitco.com

BERLIN (Reuters) - Investor morale in the euro zone rose in July to end a five-month run of declines, a survey showed on Monday, but research group Sentix said the specter of escalating trade tensions with the United States risked depressing sentiment again.Sentix's index for the euro zone rose to 12.1 from 9.3 in June. The Reuters consensus forecast was for a fall to 8.2."This development is...Read More

British foreign secretary quits in protest over May's Brexit plan

July 09, 2018 / www.kitco.com

LONDON (Reuters) - Foreign Secretary Boris Johnson quit on Monday over Prime Minister Theresa May's plans to leave the European Union, the second resignation in a day leaving the British leader's Brexit plans all but in tatters.After a day when the foreign secretary canceled meetings for crisis talks at his official residence in central London, Johnson decided to walk from his job - just hours aft...Read More

Invesco turns to Trump playbook for signs of a metal rebound

July 09, 2018 / www.mining.com

(Bloomberg) - Escalating trade conflict between the U.S. and China has sent industrial metals to oversold territory. Invesco Ltd.'s Jason Bloom is counting on President Donald Trump's playbook to reverse those losses.Bloom isn't alone. Citigroup Inc. metal analyst Max Layton is optimistic that the standoff could end within months. Economists at ING Bank are hopeful Trump's rhetoric will calm down...Read More

RT @tbiesheuvel: South Africa's platinum miners are in a real mess

July 09, 2018 / www.bloomberg.com

Impala Platinum Holdings Ltd. is facing some tough choices as the South African miner works to stem losses at aging shafts amid slumping prices for the metal.Read full newsRead More

RT @HC_Haplo: Lithium boom for Western Australia #lithium #ausbiz #WA

July 09, 2018 / www.abc.net.au

The world's biggest lithium deposit is in Western Australia. Peter Newman describes the potential lithium holds for jobs and the economy.Read full newsRead More

FireEye Stock Rally Could Draw More Upgrades

July 09, 2018 / www.schaeffersresearch.com

The brokerage firm also set a $20 price target on the cybersecurity namePiper Jaffray raised its rating on FireEye Inc (NASDAQ:FEYE) to "overweight" from "neutral," and upped its price target by $3 to $20 -- a more than 25% premium to last Friday's close. The analyst in coverage said FEYE stock is at an attractive entry point, and cited "significant improvement" in demand trends, as well as new pr...Read More

GameStop Stock Gets a Boost From Jefferies Bull Note

July 09, 2018 / www.schaeffersresearch.com

The brokerage firm started coverage with a "buy" rating on GMEVideo game retailer GameStop Corp. (NYSE:GME) received a rare bull note this morning, with Jefferies initiating coverage with a "buy" rating and $18 price target. In the note the covering analyst suggested the company could evolve into a "hub for gamer connections, platform & accessory purchases, and fan culture products," while adding...Read More

Groupon Stock Rises Amid Potential Sale Rumors

July 09, 2018 / www.schaeffersresearch.com

GRPN has been a frequent target of short sellersGroupon Inc (NASDAQ:GRPN) stock is up 12.4% to trade at $4.90 this morning, after reports that the online discounter is exploring a sale, with company executives reportedly contacting a number of public firms to gauge interest in recent months. The report also indicates Chinese e-commerce giant Alibaba (BABA), which owns nearly 6% stake in Groupon,...Read More

INTL FCStone Sees Gold Prices Faring Better In July

July 09, 2018 / www.kitco.com

INTL FCStone looks for goldprices to perform better in July than they did during a “miserable” month forthe metal in June. Analysts expressed surprise that gold fell last month,considering the dollar index “flatlined,” Treasury yields fell, inflationpicked up in the U.S. and Europe and equity markets were wobbly. They chalkedup gold’s declines to the general rout in c...Read More

INTL FCStone Sees Gold Prices Faring Better In July

July 09, 2018 / www.kitco.com

INTL FCStone looks for gold prices to perform better in July than they did during a “miserable” month for the metal in June. Analysts expressed surprise that gold fell last month, considering the dollar index “flatlined,” Treasury yields fell, inflation picked up in the U.S. and Europe and equity markets were wobbly. They chalked up gold’s declines to the general rout...Read More

Galena Mining adds gold to the mix at its world-class Abra Lead-Silver Project

July 09, 2018 / dlvr.it

Ongoing development drilling has returned exceptional lead, silver and gold grades.Read full newsRead More

KORS Stock Surging on Fresh "Buy" Rating

July 09, 2018 / www.schaeffersresearch.com

The brokerage firm said the retailer's valuation is "too low to ignore"Shares of Michael Kors Holdings Ltd (NYSE:KORS) arehigher out of the gate, after HSBC initiated coverage with a "buy" rating and an $88 price target, saying the retailer's valuation is "too low to ignore." The brokerage firm's price target represents 31% upside to Friday's close, and sits in territory not charted since July 2...Read More

Pretium Resources roars back

July 09, 2018 / www.mining.com

After spooking investors in January with worrisome production results, Pretium Resources (TSX:PVG) said it produced 111,340 oz of gold in the second quarter sending the stock 13 per cent higher to $11.99 a share.The company said it had a 14.9 grams per tonne gold mill feed grade and a 97.7% gold recovery rate."With more than 187,000 ounces produced in the first half of 2018, we have delivered on o...Read More

Pretium Resources roars back

July 09, 2018 / www.mining.com

After spooking investors in January with worrisome production results, Pretium Resources (TSX:PVG) said it produced 111,340 oz of gold in the second quarter sending the stock 13 per cent higher to $11.99 a share.The company said it had a 14.9 grams per tonne gold mill feed grade and a 97.7% gold recovery rate."With more than 187,000 ounces produced in the first half of 2018, we have delivered on o...Read More

Pretium Resources roars back

July 09, 2018 / www.mining.com

After spooking investors in January with worrisome production results, Pretium Resources (TSX:PVG) said it produced 111,340 oz of gold in the second quarter sending the stock 13 per cent higher to $11.99 a share.The company said it had a 14.9 grams per tonne gold mill feed grade and a 97.7% gold recovery rate."With more than 187,000 ounces produced in the first half of 2018, we have delivered on o...Read More

Bitcoin Daily Chart Alert - Bulls Making Some Progress

July 09, 2018 / www.kitco.com

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

Barrick, Shandong Expand Ties, To Consider Joint Acquisitions

July 09, 2018 / www.kitco.com

(Kitco News)- Barrick Gold Corp. (NYSE: ABX, TSX: ABX) has entered into an “enhanced strategic cooperation agreement” to shareinformation with China’s Shandong Gold Group Co., Ltd. and possibly undertakenew projects or acquisitions together, Barrick said Monday.Thedocument builds on an April 2017 deal in which Shandong acquired 50% ofBarrick’s Veladero mine in Argentina for...Read More

Barrick, Shandong Expand Ties, To Consider Joint Acquisitions

July 09, 2018 / www.kitco.com

(Kitco News) - Barrick Gold Corp. (NYSE: ABX, TSX: ABX) has entered into an “enhanced strategic cooperation agreement” to share information with China’s Shandong Gold Group Co., Ltd. and possibly undertake new projects or acquisitions together, Barrick said Monday.The document builds on an April 2017 deal in which Shandong acquired 50% of Barrick’s Veladero mine in Argentin...Read More

Dow Futures Signal Triple-Digit Rise

July 09, 2018 / www.schaeffersresearch.com

Friday's payrolls report could stay in focus since today's market schedule is bareDow Jones Industrial Average (DJI) futures are trading sharply higher again, as stocks look to build off the momentum from Friday's jobs report. The blue-chip index is signaling a triple-digit jump at the open, and futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are set for big moves, as well. With lit...Read More

Gold, Silver Prices Up As U.S. Dollar Momentum Fades

July 09, 2018 / www.kitco.com

(Kitco News)- Gold and silver prices are moderately higher in early U.S. trading Monday, supportedin part by a slipping U.S. dollar index that fell to a three-week lowovernight. Some bargain hunting in the cash market and short covering in thefutures market are also featured, following recent losses that drove the twoprecious metals prices to multi-month lows last week. August gold futures werelas...Read More

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