Recent News

Buffett taps Lee Enterprises to manage many Berkshire newspapers

June 26, 2018 / www.kitco.com

(Reuters) - Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) has hired Lee Enterprises Inc (LEE.N) to manage its newspaper and digital operations in 30 markets, hoping to boost readership and draw more advertisers as print circulation declines.Berkshire said on Tuesday it will continue to own BH Media Group, which consists of 30 daily newspapers, including its hometown Omaha World-Herald in...Read More

Analyst Upgrades Could Spark More Upside For AMD Stock

June 26, 2018 / www.schaeffersresearch.com

Despite its recent pullback, AMD has outperformed on the charts since its early April lows Advanced Micro Devices, Inc. (NASDAQ:AMD) rallied hard off its early April lows near $9, topping out at an 11-year peak at $17.34 this past Monday, June 18. Since then, the chip stock has pulled back to its rising 20-day moving average, which currently resides in the $15-$16 area -- a level of resistance in...Read More

Netflix Stock Lands Highest Price Target on Wall Street

June 26, 2018 / www.schaeffersresearch.com

NFLXyesterday suffered its worst session since July 2016Shares of Netflix, Inc. (NASDAQ:NFLX) are up 3.2% at $396.84 in early trading, after Imperial Capital began coverage with an "outperform" rating and $503 price target -- the highest on Wall Street. Last week, NFLX stock rallied as several brokerage firms set $500 price targets. Yesterday, however, the FAANG stock suffered its biggest one-day...Read More

Gold Approaches Critical Support

June 26, 2018 / seekingalpha.com

Once enough long holders had liquidated their positions, gold was free to fall with the fundamental spark being broad commodity weakness.It is of utmost importance that gold maintains its posture above this rising support trend for the bullish near-term outlook to remain valid.For the market to stay in a healthy rising technical structure, buyers should show up at increasingly higher levels.By Chr...Read More

Stocks claw higher after China enters bear territory

June 26, 2018 / www.kitco.com

LONDON (Reuters) - Gains on Wall Street and Europe’s main stock exchanges relieved nervy investors on Tuesday, after the latest escalation in a global trade storm pummeled Wall Street and sent China into bear market territory.A 0.6 percent rise by the FTSE in London and 0.2 to 0.4 percent gains in Frankfurt, Paris and U.S. markets were a welcome sight, after Asia had extended a sell-off that...Read More

Orion Resource Partners raising $500m in royalty, streaming fund

June 26, 2018 / www.mining.com

LONDON, June 26 (Reuters) - Orion Resource Partners is raising up to $500 million in a fund financing potash, tungsten and iron ore mines, sources close to the matter said, meeting miners' need for funding and investors' appetite for long-term assets.Miners are turning to alternative sources of finance as the industry has struggled to woo back traditional financiers, even though commodity prices a...Read More

Orion Resource Partners raising $500m in royalty, streaming fund

June 26, 2018 / www.mining.com

LONDON, June 26 (Reuters) - Orion Resource Partners is raising up to $500 million in a fund financing potash, tungsten and iron ore mines, sources close to the matter said, meeting miners' need for funding and investors' appetite for long-term assets.Miners are turning to alternative sources of finance as the industry has struggled to woo back traditional financiers, even though commodity prices a...Read More

Harley-Davidson Puts Popular Amid War With Trump

June 26, 2018 / www.schaeffersresearch.com

The president said the motorcycle maker will be 'taxed like never before'The shares of Harley-Davidson Inc (NYSE:HOG) are down another 1.7% to trade at $40.87 this morning. HOG stock yesterday suffered its worst trading session since Jan. 30, dropping 6% after the motorcycle maker said it would move production of bikes bound for the European Union (EU) to outside the U.S., in the wake of the recen...Read More

Blackstone launches $5.5 billion F&R bridge loan

June 26, 2018 / www.kitco.com

LONDON (LPC) - Blackstone (BX.N) has launched a $5.5 billion bridge loan to support the pending bond issuance for its acquisition of a majority stake in Thomson Reuters’ (TRI.TO) Financial and Risk division (F&R), which is expected to complete later this year.The $5.5 billion bridge loan is separate from an US$8bn equivalent term loan B portion of Blackstone’s $13.5 billion loan an...Read More

Gold Street: where South Africa's mining history goes to die

June 26, 2018 / dlvr.it

The death rattle of the industry that once symbolized South Africa can be heard in the town of Carletonville-on Gold Street.That's where Paseka Selemela has been guarding cars since 2010, when the scaffolding business he worked for closed. Prior to that, he was an assistant at a now-shuttered mine owned by AngloGold Ashanti. Nor has he found work in other gold mines around the town, home to the wo...Read More

Nvidia Stock Bounces Back On 2 Big Analyst Price Targets

June 26, 2018 / www.schaeffersresearch.com

NVDA shares have added almost 61% in the past 12 monthsFor the second time in two weeks, Nvidia Corporation (NASDAQ:NVDA) received bullish commentary from the analyst community. This time it was Benchmark thatinitiated coverage on the chip name with a "buy" rating and $280 price target. The analyst in coverage noted that NVDA is in "the middle of many of the hottest computing trends," boasting a...Read More

Wall Street opens higher helped by tech stocks

June 26, 2018 / www.kitco.com

(Reuters) - U.S. stocks opened higher on Tuesday, with tech stocks leading a turnaround, a day after the S&P 500 posted its steepest one-day loss since early April on fears of a spiraling trade dispute between the United States and other major economies.The Dow Jones Industrial Average .DJI rose 29.09 points, or 0.12 percent, at the open to 24,281.89. The S&P 500 .SPX opened higher by...Read More

Euro zone's solid growth will lift inflation: ECB's de Guindos

June 26, 2018 / www.kitco.com

FRANKFURT, June 26 (Reuters) - The euro zone remains on track for solid and broad based growth, raising confidence that inflation will continue to rise, European Central Bank Vice President Luis de Guindos said on Tuesday in his first speech since taking office on June 1.“Downside risks to the outlook stem from the threat of increased protectionism, rising oil prices and its impact on inflat...Read More

Gold Technical Analysis: bears remain in control, fresh YTD lows and counting

June 26, 2018 / www.fxstreet.com

   •  Reviving USD demand prompts some aggressive selling and drags the commodity below last Thursday's swing low level of $1261.38, to fresh YTD lows.    •  Formation of a death-cross on the daily chart and a decisive break below a medium-term ascending trend-line suggests a continuation of the bearish trajectory.    •  Near-ter...Read More

Yamana Reports Commercial Production At Cerro Moro Mine

June 26, 2018 / www.kitco.com

Commercial production has been declared atYamana Gold Inc.’s (TSX: YRI; NYSE: AUY) Cerro Moro gold and silver mine in Argentina,the company reports.  “The project has been brought to this stage onschedule and on budget, which reflects the significant efforts by operationsand technical services management since construction began a few years ago,”says Daniel Racine, exec...Read More

Yamana Reports Commercial Production At Cerro Moro Mine

June 26, 2018 / www.kitco.com

Commercial production has been declared at Yamana Gold Inc.’s (TSX: YRI; NYSE: AUY) Cerro Moro gold and silver mine in Argentina, the company reports.  “The project has been brought to this stage on schedule and on budget, which reflects the significant efforts by operations and technical services management since construction began a few years ago,” says Daniel Racine,...Read More

As investment stalls, auto industry warns PM May: Avert a Brexit car crash

June 26, 2018 / www.kitco.com

LONDON (Reuters) - Uncertainty over Brexit has halved new investment in the British car industry and Prime Minister Theresa May should urgently change tack to keep the world’s fifth largest economy in the EU’s customs union, the country’s main car lobby group said.Public announcements of fresh investments into new plant, machinery, models and model development fell to 347.3 milli...Read More

Dow Futures Edge Higher; GE Set to Soar

June 26, 2018 / www.schaeffersresearch.com

General Electric is set to rally on turnaround plansFutures on the Dow Jones Industrial Average (DJI) are cautiously higher this morning, as stocks look to recover from Monday's sell-off. Harley-Davidson (HOG) remains in focus, after President Donald Trump tweeted early this morning that the motorcycle company will be "taxed like never before" if they shift production of Europe-bound vehicles ove...Read More

Adamera Minerals outlines IP anomaly at Cooke Mtn

June 26, 2018 / www.stockwatch.com

Mr. Mark Kolebaba reportsIP SURVEY DEFINES TARGET UNDER HIGH-GRADE GOLD SAMPLES AT OUTLOOK RIDGEAdamera Minerals Corp.has developed a well-defined induced polarization (IP) anomaly immediately under the Outlook Ridge prospect on the Cooke Mountain project in Washington State. The site is where Adamera collected grab samples with assays ranging from two to 64 grams per tonne gold (see Nov. 28, 2017...Read More

Adamera Minerals outlines IP anomaly at Cooke Mtn

June 26, 2018 / www.stockwatch.com

Mr. Mark Kolebaba reportsIP SURVEY DEFINES TARGET UNDER HIGH-GRADE GOLD SAMPLES AT OUTLOOK RIDGEAdamera Minerals Corp.has developed a well-defined induced polarization (IP) anomaly immediately under the Outlook Ridge prospect on the Cooke Mountain project in Washington State. The site is where Adamera collected grab samples with assays ranging from two to 64 grams per tonne gold (see Nov. 28, 2017...Read More

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