Fears of a contagion effect of the Chinese slowdown is preventing industrial metals and crude oil from rising. Focus is more on Brexit globally. There is speculation that the UK might now leave the European Union. The Cable will zoom like a space rocket if there is clear information that the UK will not leave the European Union. A second referendum vote (if any) will be in favor of the UK not le...Read More
The U.K. leader has failed to convince Parliament of her plan to leave the European Union.May's proposed "Withdrawal Agreement" was agreed with EU leaders in November last year.May lost by 230 votes after lawmakers voted by 432 to 202 to reject the deal. David Reid| @cnbcdavyPublished 5 Hours AgoUpdated4 Hours AgoCNBC.com show chapters UK parliament defeats Brexit deal 4 Hours...Read More
Gold prices have entered a bearish phase on the charts, albeit remains in a consolidative phase as investors stay on the sidelines ahead of Brexit, trade and global growth-related risks. Gold is currently trading at $1,288/oz, down from a high of $1,294.85/oz and slightly up from a low of $1,286.67/oz. Gold futures finish lower for the first time in 3 sessions. Gold has wobbled within the...Read More
Early investors stand to reap the rewards as a new technology looks to change everything.One research firm - which recommended Google and Amazon before they became household names - has built a worldwide reputation of identifying profitable tech trends well before Wall Street and the talking heads on T.V.And just recently, they've uncovered a technology that's already being labeled "humanity's las...Read More
Some of the mining world's top executives are starting to plan their departures, driving speculation about who will lead their companies into the next decade.The changing of the guard raises the prospect of a strategic shift, as the industry searches for ways to enthuse investors after a belt-tightening era characterized by asset sales and cost control.Here, based on conversations with executives...Read More
Big-cap earnings reactions created tailwinds for stocksStimulus buzz out of China and strong day for FAANG stocks boosted the broader equities market today. Positive earnings reactions for UnitedHealth (UNH) and JPMorgan Chase (JPM) only created bigger tailwinds -- and put Bank of America (BAC) options bears on notice ahead of the financial firm's quarterly results tomorrow morning. This helped of...Read More
It's easy to prepare your retirement savings for the New Year.It's that time of year again.Yes, the holiday season is filled with shopping and Christmas parties, but we still have to squeeze in a little time for end-of-year portfolio housekeeping. Because let's face it, life isn't exactly going to slow down once we hit the first of the yearIt's particularly important to take a good look at your 40...Read More
IAMGOLD Corporation (TSX: IMG) today announced that it has entered into a forward gold sale arrangement with financial institutions whereby the company will receive a prepayment amount of $170 million in exchange for delivering 150,000 ounces in 2022, with a gold floor price of $1,300 per ounce and a cap price of $1,500 per ounce.The prepaid gold arrangement is supported by a syndicate of banks i...Read More
IAMGOLD Corporation (TSX: IMG) today announced that it has entered into a forward gold sale arrangement with financial institutions whereby the company will receive a prepayment amount of $170 million in exchange for delivering 150,000 ounces in 2022, with a gold floor price of $1,300 per ounce and a cap price of $1,500 per ounce.The prepaid gold arrangement is supported by a syndicate of banks i...Read More
Skeena Resources of Vancouver recently completed a surface drilling program on its Eskay Creek property in the province's Golden Triangle.Phase one drilling at the 21A zone returned these highlights:Hole SK-18-033: 4.93 g/t gold, 134.59 g/t silver over 33.57 metres;Hole SK-18-034: 7.11 g/t gold, 54.21 g/t silver over 28.88 metres;Hole SK-18-036: 22.36 g/t gold, 646.92 g/t silver over 14.72 metr...Read More
Underground and surface drilling yields results for Toronto-based Wallbridge Mining Co. at its Fenelon gold project 75 km northwest of Matagami, Quebec. The results are high grade - up to 144.77 g/t gold over 6.1 metres - but the program also resulted in the discovery of a new visible gold zone at depth. Surface drilling has so far returned 4.70 g/t gold over 3.0 metresThe foregoing intersection...Read More
If Bitcoin bulls got excited about the recent move up, Thursday's action extinguished some of this excitement. But it doesn't come as a surprise to our readers. This one day of strong depreciation can be seen as an indication of things to come. But are these things bearish?Bitcoin remains on the fringe of the financial system. The Bank of International Settlements (BIS) has recently issued a warni...Read More
With the receipt of Type A water licences, Toronto-based TMAC Resources has completed the permitting of its Madrid (both north and south) and Boston gold deposits. The Minister of Intergovernmental and Northern Affairs approved the licences, as recommended by the Nunavut Water Board.The company spent last year ramping up production at its first mine on the Hope Bay property - Doris. This year wil...Read More
Gold output in South Africa, once the world's biggest producer of the metal, fell for a 14th straight month in November, the longest streak of declines since 2012.Production retreated 14 percent from a year earlier, Pretoria-based Statistics South Africa said in a statement on its website Tuesday.Key InsightsTotal mining output dropped 5.6 percent from a year earlier, the biggest decrease since Au...Read More
STX stock just got another price-target cut and is now running into technical trouble Another negative analyst note has the shares of Seagate Technology PLC (NASDAQ:STX) down 1.2% at $39.63. Specifically, Cowen cut its price target to $40 from $50 today, following yesterday's price-target cut to $33 from $40 at Evercore ISI. STX could run into more pitfalls soon, too, with the stock recently setti...Read More
YEXT shares are sandwiched between some notable levelsSo-called digital knowledge specialist Yext Inc (NYSE:YEXT) has struggled in recent months. The shares shot higher in the summer months, thanks in part to an Amazon partnership, and went on to hit a record high of $27.19 in late August. This milestone was quickly followed by months of selling before YEXT shares bounced near the $13 level in Dec...Read More
KTOV is the best stock on the Nasdaq todayStocks are higher today on tech sector strength. Among names making particularly notable moves, Dow stock Walgreens Boots Alliance Inc (NASDAQ:WBA) and drugmaker Kitov Pharma (NASDAQ:KTOV) are higher, while biotech Aimmune Therapeutics Inc (NASDAQ:AIMT) is lower. Below, we'll take a look at what's moving the shares of WBA, KTOV, and AIMT.WBA Jumps on Mic...Read More
Gold futures finished lower Tuesday, pulling back after a two-session climb, as U.S. benchmark equity indexes rose and the dollar strengthened. Palladium, meanwhile, snapped a 10-day stretch of gains, with futures prices failing to settle above that of gold. February gold GCG9, +0.16% shed $2.90, or 0.2%, to settle at $1,288.40 an ounce. Futures prices, which touched an intraday high of $1,296....Read More
Call options are trading at a faster-than-usual clip on the healthcare nameCantor Fitzgerald today initiated coverage on Array Biopharma Inc (NASDAQ:ARRY) with an "overweight" rating and $30 price target -- representing a premium of 76% to Monday's close at $17.07. The brokerage firm said Array's "lead asset, Mektovi+Braftovi, still appears underappreciated by investors," and the combination "has...Read More
Front-month strikes are popularThe shares of VirnetX Holding Corporation (NYSEAMERICAN:VHC) are up 39.5% at $5.40 -- earlier hitting a 15-month peak of $5.57 -- after a U.S. appeals court upheld a 2016 ruling that required Apple (AAPL) to pay the security technology firm $302 million in a patent infringement case. That amount has now grown to $440 million due to interest and increased damages, amo...Read More