Recent News

Keep An Eye On Silver And Platinum - GFMS, Refinitiv

October 30, 2018 / www.kitco.com

BOSTON - (Kitco News)- Gold and palladium are thedarlings of the precious-metals sector, but one analyst is paying moreattention to dark horses silver and platinum.In an interview with Kitco Newsduring the London Bullion Market Association annual conference, Johann Wiebe,lead precious metals analyst at GFMS, Refinitiv, formerly the Thomson ReutersFinancial and Risk Unit, said that while gold and p...Read More

Keep An Eye On Silver And Platinum - GFMS, Refinitiv

October 30, 2018 / www.kitco.com

BOSTON - (Kitco News) - Gold and palladium are the darlings of the precious-metals sector, but one analyst is paying more attention to dark horses silver and platinum.In an interview with Kitco News during the London Bullion Market Association annual conference, Johann Wiebe, lead precious metals analyst at GFMS, Refinitiv, formerly the Thomson Reuters Financial and Risk Unit, said that while gold...Read More

TDS: Gold May Need More Equity Weakness To Sustain Rally

October 30, 2018 / www.kitco.com

(Kitco News) - Goldmay need further weakness in the equity market to retain its October rally,says TD Securities.Themetal spent much of the summer “in the gutter” as bearish traders piled onshort positions, the firm pointed out a research note late Monday. However, a sharpcorrection lower in equities this month convinced many of these shorts to buyin order to cover, or exit, positions....Read More

Dump These Stocks Before November

October 30, 2018 / www.schaeffersresearch.com

The real estate sector could struggle in the short termIt's been a rough, volatile month for stocks, with the S&P 500 down 9.4% so far in October -- set for its worst month since February 2009. While these 25 stocks could rebound in November, several real estate stocks coulddecline next month, if past is prologue. The iShares U.S. Real Estate ETF (IYR) tends to struggle in November, as do holdings...Read More

TDS: Gold May Need More Equity Weakness To Sustain Rally

October 30, 2018 / www.kitco.com

(Kitco News) - Gold may need further weakness in the equity market to retain its October rally, says TD Securities.The metal spent much of the summer “in the gutter” as bearish traders piled on short positions, the firm pointed out a research note late Monday. However, a sharp correction lower in equities this month convinced many of these shorts to buy in order to cover, or exit, posi...Read More

Aluminum products maker Arconic's profit beats on strong aero parts demand

October 30, 2018 / www.mining.com

Oct 30 (Reuters) - U.S. specialty metals maker Arconic Inc reported a better-than-expected quarterly profit on Tuesday and raised its full year earnings forecast, driven by higher demand for aluminum parts used in airplanes.Shares of Arconic, which counts planemakers Boeing and Airbus as its customers, rose 2 percent to $19.60 in premarket trading.Arconic has increased hiring and capital expenditu...Read More

Merkel looks to Africa to cement a legacy shaped by migration

October 30, 2018 / www.kitco.com

BERLIN (Reuters) - German Chancellor Angela Merkel hosted African leaders on Tuesday, pledging a new development fund to tackle underdevelopment on the continent that has helped to spur mass migration, shaping the later years of her long premiership.Merkel announced on Monday she would retire from politics by 2021, sending shockwaves across Europe and starting a race to succeed her.She needs the C...Read More

Oil prices fall 2 percent on rising supply and trade war

October 30, 2018 / www.kitco.com

LONDON (Reuters) - Oil prices fell more than 2 percent on Tuesday on signs of rising supply and concerns that global economic activity and fuel demand would be hit by a deepening U.S.-China trade dispute.Benchmark Brent crude oil LCOc1 fell by $2.25 a barrel to a low of $75.09 before recovering slightly to around $75.50, down $1.84, by 1345 GMT. U.S. light crude CLc1 was down $1.30 at $65.74.Both...Read More

Meet Escondida's giant robotic arm - an example of open innovation

October 30, 2018 / www.mining.com

Our global operations need billions of dollars of goods and services every year to support the extraction of products for our customers - safely, productively and sustainably.When our Supply teams buy these good and services they create partnerships with global suppliers and local businesses in our communities.And these partnerships extend way beyond the standard buyer/seller relationship.The Trom...Read More

Oversold Nvidia Stock Bounces After Upgrade

October 30, 2018 / www.schaeffersresearch.com

J.P. Morgan Securities lifted its rating on the chip stock to "overweight"J.P. Morgan Securities upgraded Nvidia Corporation (NASDAQ:NVDA) to "overweight" from "neutral," saying investors aren't pricing in potential upside catalysts from gaming trends and the chipmaker's self-driving car technology. However, with the stock pacing for its worst month in years, the brokerage firm lowered its NVDA pr...Read More

Gold Remains Soft After U.S. Oct. Consumer Confidence Index Rises To 137.9

October 30, 2018 / www.kitco.com

Editor's Note: Updating earlier story with more details from report.(Kitco News) - Gold prices remained onthe defensive after a Conference Board report Tuesday showing that its Octoberindex for U.S. consumer confidence rose to 137.9 from a revised Septemberreading of 135.3.Consensus expectationsfrom most news organizations called for a reading of around 136.3 to 136.4. TheSeptember reading had ori...Read More

JPMorgan Is Ditching This Airline Stock

October 30, 2018 / www.schaeffersresearch.com

An analyst said the stock will be grounded until margins improveSouthwest Airlines Co (NYSE:LUV) is trading up 0.4% at $48.10, despite J.P. Morgan Securities downgrading the stock to "underweight" from "neutral" and cutting its price target to $52 from $63. In the firm's note, it mentioned the shares will be stalled until the company improves its margins. LUV has been stuck in a recent sell-off, w...Read More

BHP, top miners are starting to drive EV's deep underground

October 30, 2018 / www.mining.com

BHP Billiton Ltd.'s giant Olympic Dam mine in Australia's Outback is a labyrinth of 450 kilometers of tunnels and roads - an ideal testing ground for the industry's burgeoning shift toward cleaner power.Taking about 30 minutes to drive from top to bottom, there's ample opportunity for the world's biggest miner to test electric SUVs in a bid to cut both costs and pollution, including potentially ha...Read More

BHP, top miners are starting to drive EV's deep underground

October 30, 2018 / www.mining.com

BHP Billiton Ltd.'s giant Olympic Dam mine in Australia's Outback is a labyrinth of 450 kilometers of tunnels and roads - an ideal testing ground for the industry's burgeoning shift toward cleaner power.Taking about 30 minutes to drive from top to bottom, there's ample opportunity for the world's biggest miner to test electric SUVs in a bid to cut both costs and pollution, including potentially ha...Read More

BHP, top miners are starting to drive EV's deep underground

October 30, 2018 / www.mining.com

BHP Billiton Ltd.'s giant Olympic Dam mine in Australia's Outback is a labyrinth of 450 kilometers of tunnels and roads - an ideal testing ground for the industry's burgeoning shift toward cleaner power.Taking about 30 minutes to drive from top to bottom, there's ample opportunity for the world's biggest miner to test electric SUVs in a bid to cut both costs and pollution, including potentially ha...Read More

Strong German inflation backs Draghi's plan to exit stimulus

October 30, 2018 / www.kitco.com

BERLIN (Reuters) - German annual inflation picked up in October to reach its highest level in more than 6-1/2 years, data showed on Tuesday, supporting European Central Bank President Mario Draghi's case for gradually winding down his unprecedented monetary stimulus.German consumer prices, harmonized to make them comparable with inflation data from other European Union countries, rose by 2.4 perce...Read More

Italy economy stagnates, PM says data justifies expansionary budget

October 30, 2018 / www.kitco.com

ROME (Reuters) - Italy’s economy stagnated in the third quarter, and Prime Minister Giuseppe Conte said the zero growth justified Rome’s expansionary 2019 budget which the European Commission has rejected because it breaks EU rules.Gross domestic product was unchanged between July and September, following a 0.2 percent rise in the second quarter, and was up just 0.8 percent on an annua...Read More

U.S. restricts exports to Chinese semiconductor firm Fujian Jinhua

October 30, 2018 / www.kitco.com

WASHINGTON (Reuters) - U.S. President Donald Trump’s administration took action on Monday to cut off a Chinese state-backed chipmaker from U.S. suppliers amid allegations the firm stole intellectual property from U.S. semiconductor company Micron Technology Inc (MU.O).The Commerce Department said it had put Fujian Jinhua Integrated Circuit Co Ltd on a list of entities that cannot buy compone...Read More

Coca-Cola's low-sugar sodas, premium waters drive results

October 30, 2018 / www.kitco.com

(Reuters) - Coca-Cola Co’s quarterly revenue and profit beat analysts’ estimates on Tuesday, as investments to cater to changing consumer tastes paid off with higher sales of its sugar-free sodas and premium waters.The world’s biggest beverage maker, like rival PepsiCo Inc, has been building up a portfolio of non-carbonated drinks and also doubling down on its investments in enha...Read More

Rio Tinto CEO JS Jacques says there would be upside risk - sorry, benefits - in miners cutting out jargon ($) |...

October 30, 2018 / twitter.com

"Rio Tinto CEO JS Jacques says there would be upside risk - sorry, benefits - in miners cutting out jargon ($) | https://t.co/LFg94lKqIY $RIO #IMARC2018"Read full newsRead More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok