United Airlines just pulled back to a historically bullish signal on the charts United Airlines Holdings Inc (NASDAQ:UAL) has seen an impressive bounce off its late-January lows. The stock is eyeing its third consecutive win, and just successfully closed last month's bear gap. News that the company agreed to buy Westwind School of Aeronautics, making it the first and only major U.S. carrier to own...Read More
The Nasdaq has been waffling at the breakeven but eventually hit a new intraday high Stocks are making modest moves at midday. the Nasdaq Composite Index (IXIC) hit even more fresh highs, and while it has been waffling at both sides of the breakeven today, it was last seen in the black. The Dow Jones Industrial Average (DJI) issporting an almost 300-point gain, with it and the S&P 500 Index (S...Read More
PINS has added 18% in 2020Social media platform Pinterest Inc (NYSE:PINS) is moving lower this morning ,despite seeing an initiation of coverage from Loop Capital of a "buy" rating and $29 price target yesterday evening. The firm even went on to say PINS has "great potential as an advertising and eCommerce platform," and that it could be "very profitable." At last check, PINS was down 2.2% at to t...Read More
Both calls and puts are spiking in popularity todayThe shares of Spotify Technology SA (NYSE:SPOT) are in focus this morning, after the streaming service provider reported an adjusted fourth-quarter loss of $1.26 per share, which fell short of expectations. Spotify's first-quarter guidance missed estimates as well, but the company did announce the strategic acquisition of Bill Simmons' The Ringe...Read More
Walt Disney, Ford, and Chipotle all reported earnings since last night's closeAfter a blistering 400-point surge yesterday, Dow Jones Industrial Average (DJI) futures are eyeing another triple-digit open this morning. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also on track for a big push higher, after reports indicate labs in both the U.K. and China effective treatments have b...Read More
Chipotle's fourth-quarter earnings and revenue exceeded analysts' estimates The shares of restaurant giant Chipotle Mexican Grill, Inc. (NYSE:CMG) are signaling yet another fresh high this morning, after the company announced fourth-quarter profits of $2.86 per share, and revenue of $1.44 billion, both of which beat analysts' estimates. The company cited its online loyalty program and higher menu...Read More
Lower-dollar stocks tend to be much more volatileLook at the prices of the most familiar publicly traded companies -- Facebook (FB) ($210), Amazon.com (AMZN) ($2,030), Apple (AAPL) ($320), Netflix (NFLX) ($365), Tesla (TSLA) ($895) and Alphabet (GOOGL) ($1,430). All of them are well over $100. It didn't used to be like this. Stock splits have declined extensively over the past several years, leadi...Read More
Bob Moriarty ArchivesFeb 5, 2020Hint: That’s what massive tops look like. Don’t tell anyone else, I want to keep it a secret between you and me.###Bob MoriartyPresident: 321goldArchives321gold LtdRead More
Craig Hemke, TF MetalsAt the recently completed World Economic Forum in Davos, many interesting stories and headlines emerged. Here's one you may have missed.In our 2020 forecast, we wrote that you should expect higher gold and silver prices this year due to a continuation of the trends from 2019. And we expect great things for "all forms of precious metal" as the global investment community slo...Read More
Keith Weiner, PhD, Monetary MetalsWe apologize for not posting articles during January. We have been busy, and going forward will publish a separate Market Report every Monday morning plus macroeconomics essays later in the week, as time permits.This is our annual analysis of the gold and silver markets. We look at the market players, dynamics, fallacies, drivers, and finally give our prediction...Read More
Jordan Roy-Byrne CMT, MFTALast week we noted that the risks in precious metals were primarily technical. Sentiment and technicals urge caution over the short-term. The net speculative position in Gold has remained high for months while the 21-day daily sentiment index (DSI) hit 81%. Since the sector peak five months ago, Silver and the gold stocks have corrected in price while Gold has made a...Read More
The cost is CA$8 million, payable by issuing common corporate shares. Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQB) announced in a news release it agreed to purchase from Eric Sprott a 0.50% net smelter returns (NSR) royalty, the Target Royalty, on the gold-producing Jerritt Canyon mine in Elko, Nevada.Ely Gold already holds a per ton royalty interest on the Jerritt Canyon processing facilitie...Read More
The network underlies the Tuvatu Alkaline Gold Project. Lion One's Tuvatu ProjectLion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced in a news release that the controlled source audio magnetotelluric (CSAMT) surveys conducted late last year at its Tuvatu project in Fiji showed an underlying structural network at the alkaline gold system. "We can readily see evidence of structures we think wer...Read More
Bill Powers of Mining Stock Education speaks with Greg Crowe, president and CEO of Silver One Resources, about his company's new Phoenix silver project in Arizona as well as the company's plans for 2020. In this interview, Silver One Resources Inc.'s (SVE:TSX.V; BRK1:FSE; SLVRF:OTC) President and CEO Greg Crowe discusses the company's new Phoenix Silver project in Arizona with its spectacular gra...Read More
Maurice Jackson of Proven and Probable speaks with Andy Schectman, president of Miles Franklin Precious Metals Investments, about the rationale for buying precious metals and the best values at this time. Maurice Jackson: Joining us for a conversation is Andy Schectman, the president of Miles Franklin Precious Metals Investments. Recently we discussed the prudence of implementing ratios as an eff...Read More
Fund manager Adrian Day looks at four of the resource companies in his portfolio, three of which he calls good buys at current prices. Altius Minerals Corp. (ALS:TSX.V, Toronto, 10.71)generated $78 million in royalty revenue last year, following a soft last quarter, with 37% of it from copper. Coal royalties, which dominated after the acquisition of a package of royalties from Sherritt in 2013, a...Read More
Following up on an exciting article we shared with friends and followers on January 17, 2020, it appears ERY has reached the first stage for profit taking with a fairly strong potential we may see this rally continue even higher. Please review the following repost of our original research and analysis of ERY back in early January.January 17, 2020: ENERGY CONTINUES BASING SETUP – BREAKO...Read More
Every fiscalquarter the World Gold Council puts out a wonderful little report on the gold market,that is made into an article by just about every mining news outlet. Forreasons unknowable to mere mortals like us, the report focuses on gold demand.The reader has to go deep into the report to find the other half of the story,gold supply, and in particular, mined gold supply. Doing so inthe WGC&rsquo...Read More
Craig Hemke, TF MetalsAt the recently completed World Economic Forum in Davos, many interesting stories and headlines emerged. Here's one you may have missed.In our 2020 forecast, we wrote that you should expect higher gold and silver prices this year due to a continuation of the trends from 2019. And we expect great things for "all forms of precious metal" as the global investment community slo...Read More
Keith Weiner, PhD, Monetary MetalsWe apologize for not posting articles during January. We have been busy, and going forward will publish a separate Market Report every Monday morning plus macroeconomics essays later in the week, as time permits.This is our annual analysis of the gold and silver markets. We look at the market players, dynamics, fallacies, drivers, and finally give our prediction...Read More