Recent News

Buy Calls on This Amazon Rival

April 02, 2018 / www.schaeffersresearch.com

The stock has been falling in sympathy with its shipping rivalIt's been a rough stretch for Amazon (AMZN), which has dropped 14% from its mid-March record high, amid pressure from broader tech headwinds and scathing tweets from President Donald Trump. Online shipping concern Stamps.com Inc. (NASDAQ:STMP) has been sinking alongside its rival, but if history is any guide, it could be time to buy sho...Read More

It's not yet time for gold

April 02, 2018 / www.mining.com

Last week we noted that Gold's quarterly close would be a key marker for Gold's immediate breakout potential. Gold was seemingly on course for its highest quarterly close since 2012 until it reversed back below quarterly resistance at $1330/oz. Hence, an imminent break to the upside is unlikely and gold watchers will have to remain patient. It's not yet Gold's time. It will be soon enough.One cata...Read More

Put Traders Move In On Dave & Buster's Stock Before Earnings

April 02, 2018 / www.schaeffersresearch.com

Dave & Busters stock touched an annual low earlier Although earnings season is basically over, restaurant name Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) will be reporting fiscal fourth-quarter earnings after the close tomorrow. If past is precedent, PLAY stock could be headed for a volatile post-earnings move. PLAY stock has had a negative earnings reaction in three of the last four quar...Read More

POLL-Russia to increase FX purchases in April as oil prices rise

April 02, 2018 / www.kitco.com

* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=RUDMIN%3DECIMOSCOW, April 2 (Reuters) - Russia's finance ministry isexpected to increase purchases of foreign currency in April asoil prices rise, according to a Reuters poll.The median forecast of 12 analysts polled by Reuters was forthe ministry to buy the equivalent of 233.5 billion roubles ($4.06 billion) between April 6 a...Read More

BUZZ-Alnylam, Ionis fall after Pfizer's drug succeeds in study

April 02, 2018 / www.kitco.com

** Shares of Ionis Pharma and Alnylam Pharma fall after Pfizer's drug to treat transthyretin(TTR) cardiomyopathy, a rare and fatal disease linked to heartfailure, succeeds in late-stage study** ALNY shares slumped 19.09 pct to $97.55; IONS sharesdipped 6.03 pct to $41.42** ALNY and IONS are developing separate treatments forhereditary TTR amyloidosis ** TTR cardiomyopathy is a condition that resul...Read More

U.S. 3-month bills high rate 1.740 pct

April 02, 2018 / www.kitco.com

WASHINGTON, April 2 (Reuters) - The U.S. TreasuryDepartment said its Dutch bidding auction of 3-monthbills brought these results:3-MONTH BILLS RATESHigh1.740 pctMedian1.710 pctLow 1.680 pctInvestment1.772 pct PRICE/ACCEPTANCESPrice99.560167Accepted at high 51.97 pctBid-to-cover ratio 2.88AMOUNTS TENDERED AND ACCEPTED (dollars)Total accepted 48,000,442,900Total public bids tendered138,196,904,900Co...Read More

U.S. 6-month bills high rate 1.905 pct

April 02, 2018 / www.kitco.com

WASHINGTON, April 2 (Reuters) - The U.S. TreasuryDepartment said its Dutch bidding auction of 6-monthbills brought these results:6-MONTH BILLS RATESHigh1.905 pctMedian1.890 pctLow 1.850 pctInvestment1.950 pct PRICE/ACCEPTANCESPrice99.036917Accepted at high 56.65 pctBid-to-cover ratio 3.10AMOUNTS TENDERED AND ACCEPTED (dollars)Total accepted 42,000,398,400Total public bids tendered130,166,845,900Co...Read More

China hits U.S. goods with tariffs as 'sparks' of trade war fly

April 02, 2018 / www.mining.com

China has increased tariffs by up to 25 percent on 128 U.S. products, from frozen pork and wine to certain fruits and nuts, escalating a dispute between the world's biggest economies in response to U.S. duties on imports of aluminum and steel.The tariffs, which take effect on Monday, were announced late on Sunday by China's finance ministry and matched a list of possible tariffs on up to $3 billio...Read More

BUZZ-USD/JPY-Support breaks on stocks slide, sketchy ISM

April 02, 2018 / www.kitco.com

* USD/JPY back below Kijun support at 106.12; 105.80 next prop* Stocks under pressure led by techs, particularly AMZN* S&Ps by key 200-DMA prop @2,589: close below is USD/JPY sell* ISM Prices Paid highest since Apr '11; New Ord lowest since Aug* Employment also softer pre-Fri NFP Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals I...Read More

UPDATE 2-U.S. pares bill sales to $145 bln in latest week

April 02, 2018 / www.kitco.com

* U.S. cuts 3-month, 6-month bill supply by $3 bln each* U.S. reduces 1-month T-bill issuance by $10 bln* Annual tax season seen filling U.S. government's coffer (Recasts with detail on expected revenues; adds details,graphic, quotes)By Richard LeongNEW YORK, April 2 (Reuters) - The U.S. Treasury Departmentreduced the amount of short-term debt for sale this week, as thegovernment is expected to co...Read More

Inomin acquires multi-mineral property in British Columbia

April 02, 2018 / www.mining.com

Vancouver-based Inomin Mines (TSX.V: MINE) announced today that, subject to TSXV acceptance, it will be acquiring a 100% interest in the Fleetwood zinc-copper-silver-gold property for $10,000 and 200,000 shares to CanAlaska Uranium (TSX.V: CVV).In a press release, the company explained that the 420-hectare property, located in the New Westminster Mining Division of southwestern British Columbia, h...Read More

Inomin acquires multi-mineral property in British Columbia

April 02, 2018 / www.mining.com

Vancouver-based Inomin Mines (TSX.V: MINE) announced today that, subject to TSXV acceptance, it will be acquiring a 100% interest in the Fleetwood zinc-copper-silver-gold property for $10,000 and 200,000 shares to CanAlaska Uranium (TSX.V: CVV).In a press release, the company explained that the 420-hectare property, located in the New Westminster Mining Division of southwestern British Columbia, h...Read More

Inomin acquires multi-mineral property in British Columbia

April 02, 2018 / www.mining.com

Vancouver-based Inomin Mines (TSX.V: MINE) announced today that, subject to TSXV acceptance, it will be acquiring a 100% interest in the Fleetwood zinc-copper-silver-gold property for $10,000 and 200,000 shares to CanAlaska Uranium (TSX.V: CVV).In a press release, the company explained that the 420-hectare property, located in the New Westminster Mining Division of southwestern British Columbia, h...Read More

Hedge Funds Jump Back Into Gold, Ending Four Weeks Of Selling

April 02, 2018 / www.kitco.com

(Kitco News)- After four weeks of selling,hedge funds jumped back into the gold market and pushed prices to a 5.5-weekhigh, according to the latest trade data from the Commodity Futures TradingCommission.The CFTC’s disaggregatedCommitments of Traders report for the week ending March 27 showed moneymanagers increased their speculative gross long positions in Comex gold futures by 34,928 contr...Read More

Sales of U.S. Mint American Eagle gold, silver coins fall in March

April 02, 2018 / www.kitco.com

April 2 (Reuters) - Sales in March of U.S. Mint AmericanEagle gold fell to their lowest for the month, and silver coinsdropped to their lowest in 11 years, government data showed. Sales of U.S. Mint American Eagle gold coins fell to theirslowest March sales ever, according to records dating back to2007, while silver coin sales for March fell to their lowest in11 years, government data showed. Sa...Read More

Reuters Insider - NTSB rebukes Tesla

April 02, 2018 / www.kitco.com

Click the following link to watch video: Source: Reuters InsiderDescription: The U.S. National Transportation Safety Board said it's "unhappy"that Tesla made public information about a deadly crash involving a Model Xvehicle. Fred Katayama reports.Short Link: Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author...Read More

U.S. construction spending barely rises in February

April 02, 2018 / www.kitco.com

WASHINGTON (Reuters) - U.S. construction spending rose less than expected in February amid a steep decline in investment in public construction projects.The Commerce Department said on Monday construction spending edged up 0.1 percent after being unchanged in January.Economists polled by Reuters had forecast construction spending accelerating 0.5 percent in February. Construction spending increase...Read More

U.S. Treasury to sell $55 bln in 4-week bills

April 02, 2018 / www.kitco.com

NEW YORK, April 2 (Reuters) - For details of the U.S.Treasury's auction of 4-week bills on Tuesday, see: (Reuters New York newsroom) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such...Read More

BUZZ-Humana rises on Walmart deal buzz, UnitedHealth shares catch on

April 02, 2018 / www.kitco.com

(Updates shares, adds UNH)** Shares of health insurer Humana Inc up ~6.3 pctat $285.79 and Walmart shares down ~3 pct at $86.27** WMT is in talks with HUM to expand their partnership orpossibly buy out the company, sources told Reuters last week** Deal would follow recent trend of retailers buyinginsurers, with CVS Health's $69 bln deal for Aetna and Cigna's $54 bln deal for Express Scripts ** Tie...Read More

Kazakhstan and Mongolia meeting highlights uranium mining cooperation

April 02, 2018 / www.mining.com

Kazakhstan and Mongolia are expanding their cooperation in the mining sector. The two countries on 30 March signed a Memorandum of Understanding focusing on geology and development of mineral resources and civil aviation during the 7th meeting of the Intergovernmental Commission between Mongolia and Kazakhstan on Trade, Economic, Scientific and Technical Cooperation in Almaty. The intergovernmenta...Read More

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