Recent News

Metanor drills 5.5 m of 8.4 g/t Au at Moroy

July 05, 2018 / www.stockwatch.com

Mr. Pascal Hamelin reportsMETANOR INTERSECTS 8.4 G/T AU OVER 5.5 METRES AT MOROY Metanor Resources Inc. has released the drill results from the continuing underground drill campaign at the Moroy zone, including new high-grade results of 8.4 grams per tonne gold over 5.5 metres, 11 g/t Au over four metres and 10.7 g/t Au over 4.4 metres. These new results demonstrate the high-grade continuity to t...Read More

As inflation soars, Facebook drives trading in Argentina's barter clubs

July 05, 2018 / www.kitco.com

SAN MIGUEL, Argentina (Reuters) - At an abandoned train station in Buenos Aires’ working-class suburb of San Miguel, hundreds of Argentines gather with bags of clothes, rice, flour and sugar to trade.Most are women, some accompanied by children. Cardboard signs with their names scrawled in black marker hang from strings around their necks. They walk slowly around the old concrete platform ye...Read More

Stock Futures Lifted By Upbeat Trade Developments

July 05, 2018 / www.schaeffersresearch.com

The U.S. is still expected to impose tariffs against China tomorrowFresh off the mid-week holiday, stocks are pointed confidently higher this morning, as investors finally receive a dose of good news on the global trade front. Dow Jones Industrial Average (DJI) futures are trading nearly 200 points above fair value, after a report surfaced that the U.S. is consideringbacking off plans to impose m...Read More

Merkel says would back cutting EU tariffs on U.S. car imports

July 05, 2018 / www.kitco.com

BERLIN (Reuters) - German Chancellor Angela Merkel said on Thursday she would back lowering European Union tariffs on U.S. car imports, responding to an offer from Washington to abandon threatened levies on European cars in return for concessions.“When we want to negotiate tariffs, on cars for example, we need a common European position and we are still working on it,” Merkel said.U.S....Read More

Commerzbank: India's June Gold Imports Down From Year Ago

July 05, 2018 / www.kitco.com

India’s gold demand has been soft compared to the same period of 2017, Commerzbank reports.Analysts cite preliminary data showing that India, the world’ssecond-largest gold consumer after China, imported 54 tonnes of the preciousmetal in June, roughly a quarter lower than the same month a year ago. Datafrom India’s Ministry of Finance show that gold imports slumped by 40% to 343t...Read More

Zynerba Pharmaceuticals Stock Plunges on Failed THC Trial

July 05, 2018 / www.schaeffersresearch.com

The drug name has been struggling since its mid-April 2017 peakShares of drug concern Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) have plunged in pre-market trading, after the company reported top line results for a Phase 1 trial of its ZYN001 tetrahydrocannabinol (THC) transdermal patch. While the drug was well tolerated, target blood levels were not achieved. ZYNE is down 21.9% at $7.51 ahead of t...Read More

Alimera Stock Grew 25 Percent and It Is Just Getting Warmed Up

July 05, 2018 / investorplace.com

The nearly 25 percent uptick in shares of Alimera Sciences (NASDAQ:ALIM) last month looks impressive for biotech investors at first glance. Yet, the $68 million market capitalization may serve as a red flag: manipulators may move nanocap stocks without much effort. With that said, what drove Alimera stock higher last week?On May 31, Alimera announced that the Spanish Ministry of Health approv...Read More

Analyst Flags Micron Buying Opportunity as Stock Tests Support

July 05, 2018 / www.schaeffersresearch.com

MU is poised to bounce back from a Chinese court's ban on its chip salesShares of Micron Technology, Inc. (NASDAQ:MU) stumbled Tuesday, as traders reacted to news that China temporarily banned sales of certain Micron chips in response to patent infringement claims from United Microelectronics Corporation and Fujian Jinhua Integrated Circuit Co. Those reports prompted weakness across the chip secto...Read More

Boeing to buy control of Embraer's $4.75 billion commercial jet unit

July 05, 2018 / www.kitco.com

SAO PAULO (Reuters) - Boeing Co (BA.N) will buy a controlling stake in the commercial aircraft arm of Brazilian planemaker Embraer SA (EMBR3.SA) under a new $4.75-billion joint venture, the companies said on Thursday, cementing a global passenger jet duopoly.The new company, encompassing Embraer’s commercial aircraft and services businesses, should make Boeing the market leader for smaller p...Read More

In China, importers of U.S. goods prepare for impact of new tariffs

July 05, 2018 / www.kitco.com

SHANGHAI (Reuters) - Alex Chen, 40, an importer of U.S. wines in Shanghai, knows what it’s like to be pummeled by Chinese tariffs.His company, which sells sauvignon blancs and zinfandels to distributors in China has lost a half-million dollars in orders since China slapped tariffs in April on $3 billion worth of U.S. fruits, nuts and wine.A much larger group of U.S. companies and traders sel...Read More

Time is pressing on Brexit negotiations: Merkel

July 05, 2018 / www.kitco.com

BERLIN (Reuters) - Time is pressing in Britain’s negotiations with the European Union on its departure from the bloc, German Chancellor Angela Merkel said on Thursday before talks with British Prime Minister Theresa May.“Negotiations will now enter a crucial phase. You know that on behalf of the European Union the Commission is leading those negotiations with the United Kingdom,”...Read More

Glencore Receives U.S. Subpoena -- WSJ

July 05, 2018 / www.4-traders.com

Mining firm is asked to provide documents on business in Congo, Nigeria and Venezuela By Scott Patterson This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (July 5, 2018). LONDON -- Glencore PLC said it received a subpoena from U.S. authorities related to compliance with American corruptio...Read More

Nautilus shares are underwater after production stopped on its half-built support ship |

July 05, 2018 / bit.ly

Deep sea mining hopeful shares sinkRead full newsRead More

Gold, Silver Prices Modestly Up Ahead Of FOMC Minutes

July 05, 2018 / www.kitco.com

(Kitco News) - Gold and silver prices aremodestly higher in early U.S. trading Thursday, on some more short covering inthe futures markets and perceived bargain hunting in the cash markets afterboth metals hit multi-month lows earlier this week. Traders are awaiting thisafternoon’s minutes from the latest meeting of the Federal Open MarketCommittee (FOMC). Augustgold futures were last up $2....Read More

Centerra Seeks Amended Permit For More Water At Mount Milligan

July 05, 2018 / www.kitco.com

Centerra Gold Inc. (TSX: CG) hasasked the government of British Columbia for more water for the Mount MilliganMine, saying throughput may be curtailed without a greater supply. Centerra hasasked the BC Environmental Assessment Office to amend to a certificate toprovide additional short-term water sources through 2020 and to initiate thedevelopment of a longer-term water supply plan for subsequent...Read More

CANADA STOCKS-TSX futures rise on higher oil prices

July 05, 2018 / www.kitco.com

July 5 (Reuters) - Futures pointed to a higher opening for Canada's main stock index on Thursday as oil prices rose due to potential disruptions to flows from Iran and the Middle East.Crude prices had earlier dropped after U.S President Donald Trump demanded OPEC to cut prices. However, an Iranian threat to block shipments through the Strait of Hormuz, a major route for transporting crude in the G...Read More

Gold Prices Higher Following Weaker-Than-Expected ADP Employment Growth

July 05, 2018 / www.kitco.com

(Kitco News)- Goldprices are holding on to modest gains despite weaker-than-expected privatesector employment growth, according to the latest data from payrolls processingfirm ADP.Thursday, ADP said that 177,000 jobs were created in June. The report missedestimates as consensus forecasts were looking for gains of 190,000 jobs.Goldwas seeing positive gains ahead of the report, and is holding steady...Read More

German factories hit higher gear, but backdrop uncertain

July 05, 2018 / www.kitco.com

BERLIN (Reuters) - Industrial orders in Germany bounced back in May to support expectations of an economic upturn, though simmering trade and political tensions may yet act as a brake on growth.Thursday’s 2.6 percent rise in orders exceeded expectations, and followed a survey of purchasing managers that suggested Europe’s largest economy ended the second quarter on a stronger footing.T...Read More

Trump to OPEC: 'Reduce pricing now!'

July 05, 2018 / www.kitco.com

WASHINGTON (Reuters) - U.S. President Donald Trump again accused the Organization of the Petroleum Exporting Countries of driving gasoline prices higher on Wednesday and urged the oil producer group to do more.“The OPEC Monopoly must remember that gas prices are up & they are doing little to help. If anything, they are driving prices higher as the United States defends many of their memb...Read More

UPDATE 1-Euro zone bond yields up as market gets rate-hike reminder

July 05, 2018 / www.kitco.com

* German 2-year bond yield at 2-week highs* Euro zone bond yields broadly higher* Some ECB members unhappy with market rate-hike pricing - report* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates prices, adds ECB's Praet, BoE comments)By Dhara RanasingheLONDON, July 5 (Reuters) - Euro zone government bond yields were broadly higher on Thursday after a report that some European Cen...Read More

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