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U.S. says in talks over steel and aluminum tariff exemptions

March 21, 2018 / www.kitco.com

WASHINGTON (Reuters) - The United States is in talks with the European Union, Argentina and Australia on granting possible exemptions to steel and aluminum tariffs, Trade Representative Robert Lighthizer told the House Ways and Means Committee in a hearing on Wednesday.Lighthizer said that talks with South Korea over any possible exemption would be carried out within the context of existing trade...Read More

Gold Pushes To Daily High On Positioning Ahead Of FOMC

March 21, 2018 / www.kitco.com

(Kitco News) - Gold prices have extended early gains and are trading solidly up andnear their daily highs in late-morning action Wednesday. After seeing sellingpressure in recent days, it's likely that traders have already factored in aquarter-point interest rate rise coming from the Federal Reserve thisafternoon. The rally today is a "sell-the-rumor, buy-the-fact"phenomenon so commonly...Read More

EU proposes online turnover tax for big tech firms

March 21, 2018 / www.kitco.com

BRUSSELS (Reuters) - The European Commission proposed rules on Wednesday to make digital companies pay their fair share of tax, with U.S. tech giants such as Google (GOOGL.O), Facebook (FB.O) and Amazon (AMZN.O) set to foot a large chunk of the bill.Under the Commission’s plan, companies with significant digital revenues in Europe will pay a 3 percent tax on their turnover on various online...Read More

Beware This FAANG Stock Next Week

March 21, 2018 / www.schaeffersresearch.com

The tech giant has been one of the worst stocks to own during Easter weekFAANG stocks have been in focus this week, amid the fallout from Facebook's (FB) data harvesting scandal. While FB shares are pacing for their worst week in years, Alphabet Inc (NASDAQ:GOOGL) stock is currently staring at a 3.7% week-to-date deficit -- down 0.3% today to trade at $1,092.96. And if history is any guide, GOOGL...Read More

China says to have 'prudent' oil exploration with Philippines

March 21, 2018 / www.kitco.com

BEIJING (Reuters) - China will prudently advance cooperation with the Philippines on joint oil and gas exploration in the South China Sea, China’s top diplomat State Councillor Wang Yi said on Wednesday after meeting his Philippine counterpart.Any potential deals between Manila and Beijing on energy exploration in the disputed waterway should be agreed with a company and not the Chinese gove...Read More

Goldman Sachs' Top Mining Play For 2018

March 21, 2018 / www.kitco.com

(Kitco News)- Although Goldman Sachs isoptimistic on gold prices this year, the investment firm sees the mostpotential in copper.In its latest research, led bycommodity analyst Matthew Korn, Goldman said that it is bullish on copper asthe market faces impending supply issues. For this reason, analysts see mininggiant Freeport-McMoRan (NYSE: FCX) as a good investment. The bank has a pricetarget of...Read More

Goldman Sachs' Top Mining Play For 2018

March 21, 2018 / www.kitco.com

(Kitco News) - Although Goldman Sachs is optimistic on gold prices this year, the investment firm sees the most potential in copper.In its latest research, led by commodity analyst Matthew Korn, Goldman said that it is bullish on copper as the market faces impending supply issues. For this reason, analysts see mining giant Freeport-McMoRan (NYSE: FCX) as a good investment. The bank has a price tar...Read More

How Quadron Cannatech is Riding the Cannabis Extraction Wave

March 21, 2018 / kincommunications.com

Rosy Mondin, CEO of Quadron Cannatech Corporation (CSE:QCC) was recently featured in an exclusive interview by New Cannabis Ventures for readers to learn more about Quadron Cannatech, its current subsidiaries and future milestones for 2018.See below for excerpt and link to the article.In addition to its subsidiaries, Quadron is forming strategic partnerships with other companies in the industr...Read More

Copper giant shortlists candidates as CEO ponders future

March 21, 2018 / www.mining.com

Chile's new government is looking for candidates to lead state-owned Codelco, the world's largest copper producer.While Nelson Pizarro could well stay on as chief executive officer even after Chilean President Sebastian Pinera's administration appoints a new chairman in May, the government is putting together a shortlist of candidates, Mining Minister Baldo Prokurica said in an interview Tuesday."...Read More

Wall Street opens flat, tech drags ahead of Fed

March 21, 2018 / www.kitco.com

(Reuters) - U.S. stocks opened little changed on Wednesday as traders moved cautiously ahead of an expected Federal Reserve interest rate hike, while a drop in Facebook Inc’s (FB.O) shares on privacy concerns again weighed on the technology sector.The Dow Jones Industrial Average .DJI rose 7.71 points, or 0.03 percent, to 24,734.98. The S&P 500 .SPX lost 2.56 points, or 0.09 percent,...Read More

Canada's Trudeau says remains optimistic about NAFTA deal

March 21, 2018 / www.kitco.com

OTTAWA (Reuters) - Canadian Prime Minister Justin Trudeau said on Wednesday he remained optimistic Canada would get a good deal on NAFTA, adding he was aware of the time pressures imposed on the negotiations by the U.S. and Mexican elections.“We continue to be optimistic about our capacity to get to a good win-win-win (deal),” Trudeau told reporters when asked about the trade talks. &...Read More

FREE MCX TIPS Today Aluminium Intraday – SELL 2 lot Aluminium at CMP 134.80 for Small Target 134.0 with Small SL Above 135.70

March 21, 2018 / mcx.freetips.tips

TODAY ALUMINIUM INTRADAYToday Aluminium Intraday – SELL 2 lot Aluminium at CMP 134.80 for Small Target 134.0 with Small SL Above 135.70AFTER POST CONTENT Read More

Royal Road Minerals CEO says 'exciting' finds made at Golden Triangle Project in Nicaragua

March 21, 2018 / www.proactiveinvestors.com

Royal Road Minerals (CVE:RVR) CEO Tim Coughlin tells Proactive Investors that the company's most intense exploration activity right now is at its Golden Triangle Project in Nicaragua, where he says some "pretty exciting" discoveries have led the focus away from vein-style mineralization and on to what he says may be the source of those veins.Coughlin also says Royal Road will focus its drill atten...Read More

Salesforce Put Buyers Score a Deal During Pullback

March 21, 2018 / www.schaeffersresearch.com

CRM stock is slipping after the cloud concern said it is buying MuleSoftSalesforce.com, Inc. (NYSE:CRM) said it is purchasing San Francisco-based software firm MuleSoft (MULE) in a cash-and-stock deal valued at roughly $6.5 billion, which includes debt. And while most analysts are upbeat over the buyout -- with Canaccord Genuity calling the deal a "good outcome for shareholders" and Barclays boost...Read More

Merkel slams Trump's import tariffs as 'unlawful'

March 21, 2018 / www.kitco.com

BERLIN (Reuters) - German Chancellor Angela Merkel on Wednesday sharply criticized U.S. President Donald Trump’s plan to introduce tariffs on steel and aluminum imports and warned Washington that the European Union was ready to take countermeasures if necessary.“We consider these tariffs unlawful,” Merkel told lawmakers in the Bundestag lower house of parliament, adding that Germ...Read More

Wall Street starts to trim Facebook targets as shares fall

March 21, 2018 / www.kitco.com

(Reuters) - DZ Bank was the third Wall Street brokerage this week to make a rare cut in price targets for Facebook Inc (FB.O) on Wednesday as the social network’s shares slid for a third day in response to a row over data use by Cambridge Analytica.The brokerage cut its target for the California-based firm by $20 to $210, still way above the current share price of $165 but adding to signs th...Read More

Facebook Eyes Worst Week Since 2014

March 21, 2018 / www.schaeffersresearch.com

FB put volume hit a record high on TuesdayThe Facebook Inc (NASDAQ:FB) saga continues this morning, as an investor lawsuit and privacy petition surfaced amid the fury of the Cambridge Analytica fallout. FB stock is already pacing for its worst week since March 2014, gapping lower again yesterday on fears of a Federal Trade Communications (FTC) investigation and probes in the U.K. Facebook stock is...Read More

General Mills Stock Set For Worst Day In Years Following Weak Outlook

March 21, 2018 / www.schaeffersresearch.com

Rising costs caused General Mills to slash its full-year outlookGeneral Mills, Inc. (NYSE:GIS) stock is cratering today, down 7.9% at $45.96, and earlier touching a five-year low of $44.80, after the company reported fiscal third-quarter earnings this morning. While earnings and sales beat expectations, the company slashed its full-year profit outlook. The packaged food giant cited high costs in...Read More

Put Traders Pile On During bluebird bio Stock Losing Streak

March 21, 2018 / www.schaeffersresearch.com

Morgan Stanley sees BLUE shares rallying back to $209bluebird bio Inc (NASDAQ:BLUE) has been a major outperformer over the past year, but the stock has struggled since its March 13 record high of $236.17. In fact, BLUE shares have suffered six straight losses, including a 6.9% pullback last Friday. While this represents the equity's longest losing streak in at least a year, Morgan Stanley is keepi...Read More

Germany: Will discuss all options regarding planned U.S. tariffs at EU summit

March 21, 2018 / www.kitco.com

BERLIN (Reuters) - All options to respond to planned U.S. tariffs on aluminum and steel will be discussed at a summit of EU leaders this week, a German government official said on Wednesday.The official expressed confidence that the European Union would take a coherent stance on the issue and said there was willingness to talk to the United States about reducing tariffs and other restrictions to t...Read More

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