Shares of food delivery expert Grubhub Inc (NYSE:GRUB) and restaurant issue Wingstop Inc (NASDAQ:WING) have performed well over the past year, and analysts this morning are upwardly revising their outlooks. Below is a closer look at the bullish brokerage notes and how GRUB and WING stocks have been performing on the charts. Grubhub Set to Release Earnings This WeekGrubhub stock hit a record high o...Read More
Stock futures are pointed dramatically lower for the third straight day, following yesterday's historic collapse that saw the Dow down more than 1,100 points by the close. Specifically, Dow Jones Industrial Average (DJI) futures are trading more than 600 points below fair value, and S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also significantly lower. Stocks around the world a...Read More
CenterraGold Inc. (TSX: CG)says mill operations have partially resumed at the Mount Milligan copper andgold mine in British Columbia. They had been suspended in late 2017 due to lackof waster. The company says the mill is now utilizing one ball mill to minimizewater requirements. “During the restart phase, the company anticipates aramp-up period and there may be periodic commissioning downti...Read More
Zimbabwe's mining industry, until now based mostly on platinum and diamonds, will soon count lithium as one of its key sub-sectors, as the country has struck a deal with an South African junior company whose project is expected to generate revenue of $1.4 billion over eight years.Speaking on the sidelines of a mining conference in Cape Town, Zimbabwe's new Minister of Mines and Mining Development,...Read More
Gold finally broke down of its mid/late-Asian session consolidation phase and has now erased the majority of its daily gains. The precious metal initially was seen building on overnight gains and was being supported by global flight to safety. A rout in the US stocks carried over into the Asian markets and remained supportive of the commodity's safe-haven appeal. However, a modest...Read More
NEW YORK, Feb 6 (Reuters) - The dollar clung to its earlier gains against a basket of currencies on Tuesday even as data showed United States' trade gap deteriorated to its widest level in nine years in December due to a surge in imports. At 8:34 a.m. (1334 GMT), the index that tracks the greenback against the euro, yen and four other major currencies was up 0.39 percent at 89.906.(Reporting by Ri...Read More
(Kitco News) - Gold and silver markets are trading slightly up in early morning price actionTuesday. However, good overnight gains were mostly erased when the U.S. dollarindex suddenly pushed higher. Still, sellers in the precious metals markets arevery timid amid the meltdown in world stock markets early this week. April Comex gold futures were last up $2.10 an ounce at $1,338.50. March Comex sil...Read More
TD Securities says gold could slide whenever equities rightthemselves up again, but gold should rise later in the year since the FederalReserve will be cautious about hiking U.S. interest rates. Gold fell as lastweek wound down after a strong U.S. jobs report, with equity and bond pricesalso falling on ideas that the Fed will hike more in the coming year than was previously expectedand traders sta...Read More
U.S. stocks were in a tailspin again yesterday, with the Dow Jones Industrial Average (DJI) dropping more than 1,000 points in its steepest one-day loss ever. What's more, it was the fourth massive drop for the Dow in six sessions -- something we haven't seen in two years -- and the first time since the financial crisis that the index gave up 1.5% or more in back-to-back sessions. Below, we take a...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
(Kitco News) - Gold demand rallied in the fourthquarter of 2017, but it was not enough to save last year from an annual drop,the World Gold Council (WGC) said in its latest report.Overall demand declined 7% to4,072 metric tons during fiscal year of 2017, down from 4,362 metric tonsreported in 2016, the WGC said in its “Gold Demand Trends Full Year 2017”report.Rising equity markets andc...Read More
(Kitco News) - Gold demand rallied in the fourth quarter of 2017, but it was not enough to save last year from an annual drop, the World Gold Council (WGC) said in its latest report. Overall demand declined 7% to 4,072 metric tons during fiscal year of 2017, down from 4,362 metric tons reported in 2016, the WGC said in its “Gold Demand Trends Full Year 2017” report. Rising equity marke...Read More
Mr. Nav Dhaliwal reportsBONTERRA EXTENDS MULTIPLE ZONES AT GLADIATOR GOLD DEPOSITThe continuing resource development program at Bonterra Resources Inc.'s Gladiator gold deposit has extended the north, footwall and main zones by 200 metres down plunge to the east. High-grade intersections identified in stepout drilling east of the known mineralization demonstrates the potential for further expansio...Read More
Mr. Nav Dhaliwal reportsBONTERRA EXTENDS MULTIPLE ZONES AT GLADIATOR GOLD DEPOSITThe continuing resource development program at Bonterra Resources Inc.'s Gladiator gold deposit has extended the north, footwall and main zones by 200 metres down plunge to the east. High-grade intersections identified in stepout drilling east of the known mineralization demonstrates the potential for further expansio...Read More
Anglo American's De Beers, the world's largest rough diamond producer by value, is once again exploring for new deposits after securing 16 licences in South Africa, its home-country, and said it's also considering to apply for similar permits in Zimbabwe and the Democratic Republic of Congo."I'm excited about what I'm seeing in Zimbabwe," Phillip Barton, chief executive officer of De Beers' South...Read More
BAKU, Feb 6 (Reuters) - Azerbaijan's top gold producer, Anglo Asian Mining , forecast its gold output would be 64,000-70,000 ounces in 2018, up from 59,617 ounces produced last year, the company said on Tuesday.The London-listed firm said it expects its total metal production to rise to 78,000-84,000 gold equivalent ounces (GEO) in 2018, up from 71,461 ounces last year.The company's gold productio...Read More
Chile's economy is poised to improve by mid-year as rebounding copper prices and President-elect Sebastian Pinera's promise of business-friendly policies increase optimism among investors, according to a central bank survey released on Tuesday.The study, which surveyed the perceptions of more than 200 business owners and managers throughout Chile, found that many of those interviewed had launched...Read More
955 workers were trapped in a mine shaft by a power cut on WednesdayRead full newsRead More
Swedish equipment and tool manufacturer Sandvik Mining (STO:SAND) is investing 200 million Swedish crowns (about $25 million) in a new titanium and nickel metal powder plant to strengthen its position in the metal 3D printing market.3D printing, also known as additive manufacturing, is a process of making three-dimensional solid objects from a digital file. The technique, already popular in aeros...Read More
Risk aversion seems to have put a bid under gold. 10-year treasury yield drops below 2.7 percent. The risk-off tone in the equities is boding well for the safe haven yellow metal. Currently, gold (XAU/USD) is up 0.80 percent at $1347 levels, having hit a high of $1348.10 and low of $1338.70. Asian equities are feeling the heat of the 1000-point drop in the Dow index. Further, the risk aversion i...Read More