Alamos Gold sold 119,392 ounces of gold at an average realized price of $1,448 per ounce for revenues of $172.9 million in the third quarter.The company announced the suspension of construction activities at the Kirazli project in Turkey pending the renewal of the company's mining concessions which expired on October 13, 2019.One strong support seems to materialize at $5.00 at which point I re...Read More
Both ANAB and DERM are seeing heightened options activityThe U.S. stock market is drifting lower to end the week, as Wall Street waits in limbo for any U.S.-China trade developments. Two stocks stocks making vastly different moves today are skin disease specialists AnaptysBio Inc (NASDAQ:ANAB) and Dermira Inc (NASDAQ:DERM). Here's a quick look at what's moving the shares of ANAB and DERM.ANAB In N...Read More
Bulls are eyeing the $500 and $600 levels on TSLALooking through today's options data, Trade-Alert called out a couple trades in Tesla Inc (NASDAQ:TSLA) this morning that grabbed our attention. Specifically, it looks as though a traders spent roughly $1 million combined buying the June 500 and January 2022 600-strike calls. With TSLA last seen at $335.36, it would need to rally 49% to top $500, an...Read More
WORK earlier nabbed a record lowThe shares of Slack Technologies Inc (NYSE:WORK) are down 1.5% to trade at $19.95, after Wedbush initiated coverage on the software name with an "underpeform" rating. While setting a price target of $14 -- a 31% downside to yesterday's close at $20.34 -- the analyst in coverage cited the threat of Microsoft's (MSFT) Teams application as a growth inhibitor.It's been...Read More
Trump said he hasn't agreed to roll back U.S. tariffs on Chinese goodsThe Dow Jones Industrial Average (DJI) started the day trading in positive territory thanks to a big earnings win for Disney (DIS). However, the blue-chip index has since swung lower after President Donald Trump told reporters he has not yet agreed to roll back tariffs on Chinese goods, after word of the potential agreement sen...Read More
Shopify has pulled back to a supportive long-term trendlineShopify Inc (NYSE:SHOP) is moving 2% higher to trade at $291.50 this afternoon, reversing course off its recent trend lower on the charts. SHOP has struggled to make gains since dropping from its Aug. 27 record high of $409.55, most recently when it surprised Wall Street with a third-quarter loss late last month. However, the equity remain...Read More
A Bloomberg report suggests HP is having doubts about Xerox's proposed takeover The shares of HP Inc (NYSE:HPQ) are lower, after a report from Bloomberg came out last evening indicating Xerox's (XRX) bid to take over HP is a cash-and-stock offer of $22 per share. The report also noted some hesitancy from HP, however, with sources familiar with the matter stating that the printing name has some con...Read More
PLNT has reclaimed its 200-day trendline todayA big earnings winner this morning is Planet Fitness Inc (NYSE:PLNT), which reported adjusted third-quarter earnings of 36 cents, on par with estimates. Revenue and same-store sales topped expectations though, and the company upped its fiscal year forecast. In response, PLNT is up 12.1% to trade at $70.29 this morning, on track for its best single-ses...Read More
Call buying has been popular on FL, tooFoot Locker, Inc. (NYSE:FL) has been grinding higher since a disappointing earnings report in August sent them to annual lows near $33, closing yesterday at $46.48. This was the best close since May, and puts the shares comfortably above recent congestion in the $45 area. This morning the retail stock is now up 1%, after a bullish analyst note.Susquehanna thi...Read More
The Dow is signaling a slightly higher open this morning Stock futures are pointing to a mixed open, with the S&P set to cool its heels following yet another record close after a Reuters report noted some hesitancy within the Trump administrationover the mutual U.S.-China tariff repeals discussed earlier this week. Sources suggest there's an internal divide among White House officials over whether...Read More
Goldman Sachs lifted its MTW rating to "buy" from "sell"The shares of Manitowoc Company Inc (NYSE:MTW) are set to open up more than 8%, after the crane manufacturer reported adjusted third-quarter earnings of 54 cents per share, blowing past the 34 cents per-share profit analysts were expecting. This is offsetting a top-line miss, with Manitowoc recording revenue of $448 million for the three-mont...Read More
Disney stock has had a stellar 2019 Shares of theme park and broadcasting beast Walt Disney Co (NYSE:DIS) are up 5.8% in electronic trading, putting the stock on track for its best day in almost seven months. Triggering the boom is Disney's fiscal fourth-quarter results, where the company reported a better-than-expected profit thanks to strong growth from its flagship parks and the film business....Read More
* Mining quota at 132,000 T, smelting and separation at127,000 T * Annual quotas for 2019 are highest volumes ever allocated * Beijing had raised prospect of limiting supply in U.S.trade row * Quotas have been released unusually late in the year (Adds analyst and association official comment, milestone)By Tom DalyBEIJING, Nov 8 (Reuters) - China lifted its annual rareearth output quotas on Friday...Read More
Christopher Lewis8 hours ago (Nov 07, 2019 4:48 PM GMT)Gold markets have fallen a bit during the trading session on Thursday, reaching towards the $1475 level. This is an area that should offer support, but if it does not it’s likely that we will then face support at the $1450 level next. All things being equal, this is a market that should attract a certain amount of buying pressure eventu...Read More
Bob Moriarty ArchivesNov 8, 2019When I found out Quinton Hennigh was going to be ageological advisor to Lion One back in early 2019, I wrote about them. They just announced results that pretty much prove what I was trying to say. In technical terms, they hit Bigly.Lion Onetalked about what they were aiming for in the drill programin a press release issued over a month ago as they began the drill p...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 344,59164,76398,524181,688498,826624,803662,113 Change from Prior Reporting Period 9,1685,85533,1194,69120,61346,97859,587 Traders 20283815755290196 Small Speculators LongShortOpen Interest 65,37828,068690,181 -239-12,84846,739 non reportable positionsCha...Read More
The US stock markets have surged to all-time-record highs, fueled by extreme Fed easing. It jawboned about rate cutting, slashed rates, and birthed a new large-scale Treasury monetization campaign! All this has left traders hyper-complacent, assuming the upside will continue indefinitely. But are these lofty stock levels fundamentally-justified? The big US stocks' just-reported Q3'19 r...Read More
By: Ira EpsteinGold - how far low can it go?Read More
Typical gold and silver price movement after Diwali. Gold and silver have always formed short term peak around Diwali. Irrespective of the news, history has repeated itself. I will prefer to use sharp dips to invest for next year. Long term investment is good at current price. Short term investors and very short term traders need to remain on the sidelines. Physical demand and investment demand...Read More
"We are removing any and all mentions of the potential whistleblower's name and will revisit this decision should their name be widely published in the media or used by public figures in debate.Continue...Read More