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S&P 500 eyes best three-day gain since Trump's election

April 05, 2018 / www.kitco.com

(Reuters) - The S&P 500 on Thursday headed for its best three-day rise since President Donald Trump’s election as technology and industrial shares bolstered a recovery on easing trade war concerns.Shares of Boeing (BA.N) and Caterpillar (CAT.N), among the worst hit on Wednesday after China retaliated with $50 billion in tariffs on U.S. goods such as soybeans, autos, and some types of air...Read More

Oil gains with equities as U.S.-China tensions ease

April 05, 2018 / www.kitco.com

NEW YORK (Reuters) - Oil prices were modestly higher on Thursday, helped by gains in U.S. equities markets as trade tensions between China and the United States eased, but the advance was limited by strength in the dollar.Brent crude futures LCOc1 were up 29 cents to $68.31 a barrel at 11:27 a.m. EDT (1527 GMT), and U.S. West Texas Intermediate crude CLc1 rose 14 cents to $63.50 a barrel.After a d...Read More

Dow Rallies as Boeing, Facebook Bounce Back

April 05, 2018 / www.schaeffersresearch.com

The Dow is pacing for its best close in over two weeksThe Dow Jones Industrial Average (DJI) is extending its push higher at midday, gaining roughly 337 points and pacing for its best close since March 21. A big rebound in Boeing (BA) shares is behind the blue-chip index's rise, as stocks continue to shake off recent trade tensions. Meanwhile, Facebook (FB) is headlining a strong day for the tech...Read More

Fed Minutes Hit Ahead of Earnings Season Kick Off

April 05, 2018 / www.schaeffersresearch.com

Several big-cap financial firms will report earnings at the end of the weekNext week will have a little bit of everything for investors. On the economic front, a pair of inflation updates and the release of the minutes from the Federal Open Market Committee's (FOMC) March meeting will be the most anticipated. Additionally, first-quarter earnings season is getting ready to rev up, with big banks J...Read More

U.S. sets final duties on tool chests from China, Vietnam

April 05, 2018 / www.kitco.com

WASHINGTON (Reuters) - The U.S. Commerce Department said on Thursday it had made a final determination that tool chests made in China and Vietnam were being dumped in the U.S. market, and it announced import duties on the products ranging up to 327 percent.The department said tool chests manufactured by the Tongrun Single Entity in China would face duties of 97 percent, while imports from other Ch...Read More

JPMorgan's Dimon praises Trump's deregulatory efforts in annual letter

April 05, 2018 / www.kitco.com

NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N) Chief Executive Officer Jamie Dimon complimented the administration of President Donald Trump in an annual letter to shareholders on Thursday, saying tax cuts and deregulatory efforts were helping his bank make more money.Dimon, who runs the biggest U.S. bank, drew a contrast between Trump’s moves and those of other elected officials who h...Read More

Gold bounces off lows, still in red below $1330 level

April 05, 2018 / www.fxstreet.com

   •  Easing trade-war fears/risk-on moods continue to exert downward pressure.   •  A modest USD uptick/pickup in the US bond yields add to the weaker tone.   •  Short-covering helps bounce off lows, but the outlook remains negative.  Gold held on to its weaker tone through the mid-European session, albeit has managed to pare some o...Read More

#Facebook Admits "Most" Of Its 2.2 Billion Users Exposed To Data Scraping, "Malicious Actors" | Zero Hedge

April 05, 2018 / www.zerohedge.com

Oh, and they've been reading all of our private messages.Read full newsRead More

Gold seen rising as Canadian miner eyes lack of exploration

April 05, 2018 / www.mining.com

(Bloomberg) - Bullion prices are set to climb because there's been a lack of exploration and the global industry isn't replacing the reserves it's been mining, according to Stephen Letwin, chief executive officer at Iamgold Corp."Gold has a much higher probability of moving north as opposed to south," Letwin said in an interview at a mining conference in Hong Kong on Thursday. "I've been around a...Read More

FREE MCX TIPS Copper Intraday – SELL Copper at MP 434.80 for Target 433 – 432 with Small SL Above price 436.20

April 05, 2018 / mcx.freetips.tips

Copper Intraday – SELL Copper at MP 434.80 for Target 433 – 432 with Small SL Above price 436.20AFTER POST CONTENT Read More

Trump attacks Washington Post, calls it Amazon's 'chief lobbyist'

April 05, 2018 / www.kitco.com

WASHINGTON (Reuters) - U.S. President Donald Trump called the Washington Post the “chief lobbyist” for Amazon.com Inc on Thursday, repeating his unsubstantiated attack on the newspaper.The newspaper is privately owned by Jeff Bezos, the founder and chief executive officer of the online retailer. Amazon does not own the Post.Trump regularly lashes out against what he perceives as criti...Read More

Gold Prices: Weaker U.S. Dollar Will Help Fight Higher Bond Yields - Commonwealth Bank

April 05, 2018 / www.kitco.com

(Kitco News)- Easing tensions around a potential trade war between theU.S. and China is taking some momentum away from gold, but one Australian Bankremains optimistic on the yellow metal as geopolitical issues won’t be goingaway anytime soon. In a recent report, Vivek Dhar, Mining and EnergyCommodities Analyst at the Commonwealth Bank, revised his gold outlook for thisyear and next. He said...Read More

German justice minister to press Facebook on its algorithms

April 05, 2018 / www.kitco.com

BERLIN (Reuters) - German Justice Minister Katarina Barley said she planned a further meeting with Facebook to discuss the impact of its algorithms on the social network’s users, adding that recent disclosures of privacy violations were likely not isolated.Data privacy is especially sensitive in Germany, where the memory of the two 20th-century authoritarian police states on its territory ha...Read More

Copper grades at Asiamet's BKM deposit 'off the charts'

April 05, 2018 / www.proactiveinvestors.co.uk

Steve Hughes, VP of exploration at Asiamet Resources Limited (LON:ARS), tells Proactive's Andrew Scott latest assay results from the BKM copper project in Indonesia have provided further encouragement for them.The results comprise part of the 2017/2018 geotechnical programme conducted on BKM and have delivered the highest grade of copper mineralisation from surface drilled at BKM to date.  Me...Read More

Weatherly International CEO Craig Thomas has quit after a tough few months for the company |

April 05, 2018 / bit.ly

Craig Thomas out after eight years at copper minerRead full newsRead More

Six miners killed in Georgia in coal mine accident - officials

April 05, 2018 / www.mining.com

TBILISI, April 5 (Reuters) - Six miners were killed and three injured on Thursday when the roof of a coal mine in western Georgia collapsed, the country's interior ministry said.The ministry said in a statement that the accident had occurred at the Mindeli mine in Tkibuli, 200 km (124.27 miles) west of the capital Tbilisi.Dimitry Kumsishvili, the economic development minister, said that the accide...Read More

Investors scope out potential European wins from U.S.-China frictions

April 05, 2018 / www.kitco.com

LONDON (Reuters) - Nobody wins a trade war, International Monetary Fund chief Christine Lagarde said in March. But for some European companies, a bit of friction couldn’t hurt.European producers of aircraft, telecoms equipment and whisky could stand to benefit if U.S.-China trade tensions allow them to chip away at their American rivals’ share of the massive Chinese market.Traders and...Read More

India demand up ahead of festival, subdued buying elsewhere

April 05, 2018 / www.mining.com

MUMBAI/BENGALURU, April 5 (Reuters) - Physical gold demand in most Asian hubs was muted this week, weighed down by stronger prices, despite a slight pick-up in buying in India ahead of the wedding season and a key festival.This month Indians will be celebrating the annual festival of Akshaya Tritiya, when buying gold is considered auspicious."Jewellers want to build inventory for Akshay Tritiya, b...Read More

Savannah Resources reveals 'excellent' results from 'Grandao Extended'

April 05, 2018 / www.proactiveinvestors.co.uk

David Archer, chief executive of Savannah Resources Plc (LON:SAV), discusses with Proactive's Andrew Scott what he describes as  "excellent" results from exploratory drilling at the Mina do Barroso lithium project in Portugal.A new area of high grade lithium mineralisation has been discovered at the site.This zone, referred to as 'Grandao Extended', was unearthed through drilling to the west...Read More

Koza Altin unit, GreenOre to expand drilling for gold in Scotland

April 05, 2018 / www.mining.com

ISTANBUL, April 5 (Reuters) - Koza Ltd, whose founder had to abandon his Turkish gold assets, is expanding its operations in Britain with a $1 million programme to drill for gold in Ayrshire, Scotland, together with a venture partner, the company said on Thursday.Founder Akin Ipek built a multi-billion-dollar fortune in Turkey based on gold mining, but left the country in 2015 after relations betw...Read More

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