Recent News

Gold, Silver Extends Gains, Trade Sharply Higher

March 06, 2018 / www.kitco.com

Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More

China-Based Baozun Beats Again, Stock Soars

March 06, 2018 / www.schaeffersresearch.com

Retail stock Target Corporation (NYSE:TGT) and e-commerce solutions provider Baozun Inc (NASDAQ:BZUN) aretrending in opposite directions this morning, after the companies reported vastly different fourth-quarter earnings results. We'll dig into TGT and BZUN stocks below. Target Stock Falls After Earnings MissTarget stock is down 2.8% to trade at $73.03, after the retailer's fourth-quarter earn...Read More

U.S. panel says concerns over Broadcom deal warrant full investigation: Treasury

March 06, 2018 / www.kitco.com

(Reuters) - A U.S. government security panel has identified potential security concerns that warrant a full investigation of Singapore-based Broadcom Ltd’s (AVGO.O) $117 billion bid for chipmaker Qualcomm Inc (QCOM.O), a senior U.S. Treasury official said in a letter to the companies on Monday.Some of the concerns relate to risks associated with Broadcom's relationships with third party fore...Read More

U.S. intel chief says needs to know more before assessing North Korea offer

March 06, 2018 / www.kitco.com

WASHINGTON (Reuters) - The U.S. Director of National Intelligence, Dan Coats, said on Tuesday that Washington would have to know far more before assessing North Korea’s reported willingness to hold talks with the United States on denuclearization.“Hope springs eternal, but we need to learn a lot more,” Coats told the U.S. Senate Armed Services hearing on “Worldwide Threats....Read More

Put Volume Pops as GlycoMimetics Shorts Get Sidelined

March 06, 2018 / www.schaeffersresearch.com

Shares GlycoMimetics Inc (NASDAQ:GLYC) are spiraling, after the biotech said the main objective of a late-stage trial for its acute myeloid leukemia is overall survival -- disappointing investors who believed the remission rate was the main goal, according to Stifel. The company also reported a fourth-quarter loss, and at last check, the pharma stock was down 21.7% to trade at $17.87 -- gapping be...Read More

Jump on This Bank Stock's Longer-Term Uptrend

March 06, 2018 / www.schaeffersresearch.com

Shares of Fifth Third Bancorp (NASDAQ:FITB) have been soaring on the charts, recently ascending with the help of their 40-day moving average. The banking concern has picked up almost 9% year-to-date -- outperforming the broader S&P 500 Index -- and recently touched a 10-year high of $34.09 on Feb. 27. What's more, March and April tend to be the best two months of the year for financial stocks, wi...Read More

WGC: Global Gold ETFs Post Outflows Of 5.1 Tonnes In Feb.

March 06, 2018 / www.kitco.com

Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More

WGC: Global Gold ETFs Post Outflows Of 5.1 Tonnes In Feb.

March 06, 2018 / www.kitco.com

Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More

Overbought Fate Therapeutics Stock Gaps Lower After Earnings

March 06, 2018 / www.schaeffersresearch.com

Shares of Fate Therapeutics Inc (NASDAQ:FATE) are down 8.5% out of the gate to trade at $12.64, after the stem cell treatment specialist reported a wider-than-expected fourth-quarter loss. Adding to the bearish buzz are downgrades to the equivalent of a "neutral" rating at both Raymond James and H.C. Wainwright, though the latter joined three other brokerages in raising their FATE price targets. I...Read More

U.S. clothing, cosmetics on possible EU retaliation list

March 06, 2018 / www.kitco.com

BRUSSELS (Reuters) - Clothing, orange juice, cosmetics and other products from the United States may be subject to European Union duties if U.S. President Donald Trump carries out his threat to impose global import duties on steel and aluminum.The European Commission has said it would respond “firmly” to proposed U.S. import duties of 25 percent on steel and 10 percent on aluminum. It...Read More

Exclusive: Macquarie wants to quit Russian infrastructure fund - sources

March 06, 2018 / www.kitco.com

LONDON (Reuters) - Macquarie (MQG.AX) is trying to pull out of the Russian-focused infrastructure fund it manages after some of the investments underperformed, three industry sources and a banker said.The fund, the first major private fund dedicated to infrastructure in Russia and the CIS when it was set up in 2008, owns debt in Brunswick Rail and equity stakes in energy suppliers Enel Russia (ENR...Read More

North Korea Nuke Buzz Boosts Dow Futures

March 06, 2018 / www.schaeffersresearch.com

News reports suggesting North Korea is open to discussions about denuclearization are providing a lift to stock futures this morning. South Korea made the surprising announcement following its meeting with the rogue nation, which said it would be willing to give up nuclear weapons if its safety is not in jeopardy. The two nations will hold a summit at the end of April. As such, the Dow Jones Indus...Read More

Planned meeting between U.S. and North Korea boosts stock market recovery

March 06, 2018 / www.kitco.com

LONDON (Reuters) - World share markets regained ground on Tuesday as news that the United States and North Korea will meet for talks next month came on top of hopes that President Donald Trump’s political allies would convince him to avoid a global trade war.The broadest gauge of global stocks, MSCI’s All Country World Index, was up more than 0.6 percent for a second day and Wall Stree...Read More

U.S. primaries start with Democratic push in Texas

March 06, 2018 / www.kitco.com

AUSTIN, Texas (Reuters) - The 2018 U.S. primary elections kick off on Tuesday in Texas, where Democrats hope record-high levels of early voter midterm turnout and anger over President Donald Trump’s policies will help them flip congressional seats from Republican control.Democratic turnout in the state’s largest 15 counties hit 465,245 in early voting, according to the Texas secretary...Read More

Target profit misses estimates in holiday quarter, sales jump

March 06, 2018 / www.kitco.com

NEW YORK (Reuters) - Target Corp (TGT.N) reported profit in the holiday quarter that fell short of analyst estimates on Tuesday, hurt by investments aimed at improving the competitiveness of its online operations and stores, sending shares down 2 percent in premarket trading.The big-box retailer has missed Wall Street’s fourth-quarter profit expectations for the past two years.Target is slat...Read More

ALROSA rough diamond reserves grew to almost 1.2 billion carats in 2017

March 06, 2018 / www.mining.com

ALROSA Group, the largest diamond miner in the world, reviewed the results of geological prospecting in 2017. Total diamond reserves, taking into account the explored deposits under the National Reserves Committee standards, increased by 57.8 million carats during the year (excluding the depletion of reserves). As of January 1, 2018, it was 1,182 million carats. In 2017, ALROSA spent a total of al...Read More

Goldman Sachs: Trade-War Retaliation Could Boost Gold Demand

March 06, 2018 / www.kitco.com

One of the potential outcomes of a tradewar is that other nations start dumping U.S. Treasury securities, which couldboost gold demand, says Goldman Sachs. Analysts put out a detailed researchreport outlining how U.S. President Donald Trump’s proposed tariffs on aluminumand steel could impact those metals as well as the industries that rely onthem, both producers and consumers. Yet another i...Read More

Arianne starts R&D work for Lac a Paul transport

March 06, 2018 / www.stockwatch.com

Mr. Jean-Sebastien David reportsARIANNE BEGINS R&D EFFORT TO INTEGRATE ALUMINUM INTO ITS TRUCK TRAILERSArianne Phosphate Inc. has started research and development work to integrate aluminum in the design of the trailer that will transport the phosphate concentrate from the Lac a Paul mine to the deepwater port that will be located in Sainte-Rose-du-Nord. The work will be done by the National R...Read More

Arianne starts R&D work for Lac a Paul transport

March 06, 2018 / www.stockwatch.com

Mr. Jean-Sebastien David reportsARIANNE BEGINS R&D EFFORT TO INTEGRATE ALUMINUM INTO ITS TRUCK TRAILERSArianne Phosphate Inc. has started research and development work to integrate aluminum in the design of the trailer that will transport the phosphate concentrate from the Lac a Paul mine to the deepwater port that will be located in Sainte-Rose-du-Nord. The work will be done by the National R...Read More

Urgent rates decision likely to face next head of China's central bank

March 06, 2018 / www.kitco.com

SHANGHAI/BEIJING (Reuters) - China’s central bank will probably have to respond to an expected U.S. interest rate rise at a particularly sensitive time later this month.Zhou Xiaochuan, the long-serving People’s Bank of China (PBOC) governor, is widely expected to be replaced during the annual meeting of China’s parliament, which started in Beijing on Monday.The U.S. Federal Reser...Read More

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