(Reuters) - U.S. stocks rose for a third straight day on Thursday, as industrials gained after President Donald Trump said trade talks with China were “moving along nicely”, while optimism was boosted by healthy results, especially from chipmakers.Trump said he plans to meet with his Chinese counterpart Xi Jinping at the upcoming G-20 summit in Argentina at the end of the month, revivi...Read More
Both healthcare stocks have been underperformers in NovemberBiotech name Vertex Pharmaceuticals, Inc. (NASDAQ:VRTX) and medical device stock Boston Scientific Corporation (NYSE:BSX) both had subpar Octobers, pulling back amid the broader market sell-off. And while both stocks are trading higher today, the selling could be far from exhausted, if history is any guide.VRTX's Rough Quarter Could Get W...Read More
Mr. Michael Williams reportsVENDETTA OBTAINS EXTENSION TO THE PEGMONT PRE-PAID ROYALTY PAYMENT TO EARN 100% OF PEGMONT LEAD-ZINC PROJECTVendetta Mining Corp.has signed an amendment to its agreement with Pegmont Mines Ltd., the vendor of the Pegmont project.To obtain 100% of the Pegmont Project the Company had to complete certain drilling milestones and make option payments and a pre-paid royalty p...Read More
Specialist mining investors have found a "buyer's market" for projects as the mining sector struggles to compete for funding with new industries, multiple industry executives said at a conference this week.Smaller mines and developers who previously found capital through retail investors in public markets are increasingly turning to specialist investors such as private equity or companies that see...Read More
BOSTON - (Kitco News)- Silver has not been the shiningmetal that TD Securities was expecting it to be in 2018, but the firm is notgiving up on the precious metal as analysts see it outperforming gold in 2019.In an interview with Kitco Newsduring the London Bullion Market Association’s 2018 conference, Bart Melek,head of commodity strategy at TDS, said there have been several factorsconspirin...Read More
Gold buying by central banks reaches its highest level since the fourth quarter of 2015.Around $5.82 billion was spent during the third quarter to boost central bank reserves.The buying was offset by heavy selling of gold-backed funds during the same period.David Reid| @cnbcdavy Published 12 Hours AgoUpdated12 Hours AgoCNBC.com Mariya Gordeyeva | ReutersCentral banks around the world have upped t...Read More
Gold buying by central banks reaches its highest level since the fourth quarter of 2015.Around $5.82 billion was spent during the third quarter to boost central bank reserves.The buying was offset by heavy selling of gold-backed funds during the same period.David Reid| @cnbcdavy Published8:25AM ET Thu,1 Nov 2018Updated 8:34AM ET Thu,1 Nov 2018CNBC.com Mariya Gordeyeva | ReutersCentral banks aroun...Read More
LONDON (Reuters) - Swiss bank UBS (UBSG.S) will expand training for staff investigating sexual misconduct claims, and introduce a confidential hotline to handle such allegations, an internal memo sent to staff seen by Reuters shows.The changes follow a review conducted by law firm Freshfields into how UBS handled a former junior trader’s initial allegation that she was raped in September 201...Read More
JOHANNESBURG- Sibanye-Stillwater's third-quarter core profit fell 40 percent after a wave of fatal accidents hit its domestic gold mining operations this year, the South African miner said on Thursday, sending shares tumbling.South Africa has the world's deepest gold mines and an earth tremor at one of Sibanye-Stillwater's mines killed seven miners in one incident alone in May. In all, 24 of its w...Read More
EDENVILLE, South Africa (Reuters) - Earlier this year, Nick Serfontein wrote an open letter to South African President Cyril Ramaphosa asking him to take the views of white farmers on board as the government considers expropriating land without compensation to reduce rural poverty.Now Serfontein sits on a 10-person board advising the president where to go next, based on what he says is his own exp...Read More
POTUS said trade discussions were going well with ChinaThe Dow Jones Industrial Average (DJI) has kicked off November with a bang -- up triple digits on strong blue-chip earnings and an upbeat tone on trade talks from President Donald Trump. Specifically, Trump tweeted that tariff discussions with Chinese President Xi Jinping were "moving along nicely," and that meetings between the two leaders w...Read More
(Reuters) - From suburbs to conservative rural areas, Democrats seeking a majority in at least one house of the U.S. Congress in next week’s elections are spending the last days of the campaign on one message: They will protect Americans’ healthcare coverage.The strategy is clear in campaigns like that of Democrat Andy Kim, who has spent the past 16 months trying to unseat Republican U...Read More
(Reuters) - Top U.S. automakers reported another month of rises in sales of sports utility vehicles and pick-up trucks on Thursday as American consumers continued to shun sedans and hatchbacks.The country’s No. 2 producer, Ford Motor Co (F.N), reported a 6.7 percent rise in SUV sales to 67,554 units in October, while smaller rival Fiat Chrysler Automobiles NV (FCAU.N) (FCHA.MI) saw overall s...Read More
Pure Gold is developing its Madsen gold project in the Red Lake gold camp in Ontario, Canada.In my opinion, there are a few catalysts on the horizon that could end a 2.5-year consolidation period the company's shares have been trading.This year two insiders bought large share stakes in the company. Pure Gold (OTCPK:LRTNF) is an exploration company developing the Madsen gold project in Ontario,...Read More
WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump on Thursday said trade discussions with China were “moving along nicely” and that he planned to meet with Chinese President Xi Jinping at the upcoming G-20 summit, after the two had a “very good” talk.Earlier on Thursday, Chinese Premier Li Keqiang told a group of visiting U.S. politicians that China and the United...Read More
DODGE CITY, Kan. (Reuters) - Clemente Torres has proudly cast his vote in person at Dodge City’s lone polling place in every election since he became a naturalized citizen 20 years ago.This year is different.After Republican officials said in September they would move the Hispanic-majority city’s only polling place to a remote spot outside the city limits, across railroad tracks and aw...Read More
TEL AVIV (Reuters) - Teva Pharmaceutical Industries (TEVA.TA) (TEVA.N) raised its 2018 earnings outlook, said it was seeing “a very strong launch” for its long-awaited migraine treatment Ajovy and expects to launch generic EpiPen in the fourth quarter.Teva raised its full-year forecast for adjusted EPS to $2.80-$2.95, from a previous estimate of $2.55-$2.80 and its shares were 8.5 perc...Read More
(Kitco News) - Gold prices are sharply higher and near their daily highs inlate-morning trading Thursday. The precious metals are getting a solid boostfrom a big drop in the U.S. dollar index today, showing its largest daily lossin quite some time. December gold was last up $18.20 an ounce at $1,233.20.By Jim Wyckoff For Kitco NewsFollow @jimwyckoffjwyckoff@kitco.comwww.kitco.com Disclaimer: The v...Read More
Square reports earnings on Nov. 7Like most of the stock market, the shares of Square Inc (NYSE:SQ) struggled in October, giving up more than 25%. However, SQ stock recently sent up a pair of technical buy signals, and seasonality could bode well for the security. With earnings less than a week away, we decided to look at the prospects of a short-term Square rebound.After touching a record high of...Read More
Apple earnings are due after the close tonightIt's been a busy month for the shares of Apple Inc. (NASDAQ:AAPL), per the stock's 30-day historical volatility of 34.6% -- in the 95th annual percentile. Today, the security is down a modest 0.1% to trade at $218.55, but the options market is pricing in a larger-than-usual move after the iPhone maker reports earnings later tonight.At last check, Trade...Read More