Gold's haven appeal lifted prices for the precious metal Friday to their highest finish in more than six years, a day after President Donald Trump intensified a trade fight with China by announcing additional tariffs on Chinese goods. Gold for December delivery GCZ19, -0.12% on Comex rose $25.10, or 1.8%, to settle at $1,457.50 an ounce-the highest most-active contract finish since May 9, 2013, a...Read More
Eldorado Gold had an outstanding quarter in terms of revenue with a record of $173.70 million. The company is back on track with gold production more in control and debt.The gold sold in the second quarter was 113,685 Au Oz at a gold price of $1,321 per oz, which was another pleasant surprise.My target for 2019-2020 is still $10-$11.Image: Efem??ukuru Gold Mine Source: EJAtlas Investment Thesis Th...Read More
An earnings beat from Aphria is helping the marijuana sector buck the broad market selloff While stocks are sinking today on trade fears, the weed sector is bucking broad market trends. This sector surge includes Cronos (CRON), up on its buyout of Redwood. Two other names making headlines today are Aphria Inc (NYSE:APHA) and Aurora Cannabis Inc (NYSE:ACB). Below we'll take a look at what's driving...Read More
Several blue chips made noise after earningsIt was a rough week on Wall Street, to say the least. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are pacing for a fifth straight loss and their longest losing streaks since early March, as the Fed and trade developments rattled markets. Following the Fed's first (and widely expected) rate cut since the financial crisis, stock traders had a knee-...Read More
Baozun will share the fast growth of China's e-commerce market as the leading service and technology provider.Baozun's past growth numbers and future outlook are both strong.Baozun's valuation is relatively cheap compared to its benchmark in the States.Baozun's (NASDAQ:BZUN) share price is largely undervalued and presents a good entry opportunity for investors. Baozun: The (Biggest) Beneficiary of...Read More
CAR is up more than 50% year-to-dateCar rental name Avis Budget Group Inc. (NASDAQ:CAR) is moving lower this afternoon, last seen down 3.3% at $34.13, as stocks suffer in the wake of global trade fears. Meanwhile, options traders are mostly likely gearing up for the company's second-quarter earnings report, slated for release after the market closes on Monday, Aug. 5. Below we will take a look at...Read More
Arrowhead Pharmaceuticals stock has already added 135% in 2019A big biotech winner lately has been Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR), which recently outperformed the broad market sell-off yesterday. ARWR nabbed an 11-year high of $30.73 on July 22, but a signal is sounding that indicates more multi-year highs could be in store, if history is any indicator. Implied volatilies on the equ...Read More
The SPX and Nasdaq are eyeing their longest losing streaks since March The Dow Jones Industrial Average (DJI) has dropped to a one-month low today, as anxieties over global trade and Fed policy continue to weigh heavily on stocks. After President Donald Trump yesterday announced new tariffs on Chinese goods, the Asian nation responded by threatening countermeasures. In addition, Wall Street is l...Read More
The brokerage firm downgraded a stock that's had a huge yearMirati Therapeutics Inc (NASDAQ:MRTX) shares have had a huge year, rallying from the low $40 area to a record high of $111.99 on July 31. However, the cancer drug producer has shed 4.9% today to trade at $99.47, following a bear note out of J.P. Morgan Securities. The brokerage firm downgraded its view on MRTX to "underweight" from "neutr...Read More
Square stock is still up 31% in 2019, thoughUsually when we check in with Square Inc (NYSE:SQ), it's because of some lofty bull note or bullish activity in its options pits. Today however, Square stock is down 13.7% to trade at $69.92, after the payment processor's quarterly report. While second-quarter earnings and revenue exceeded analyst expectations, Square's third-quarter profit forecast mis...Read More
The weed company bought U.S.-based Redwood for $300 millionCanadian marijuana grower Cronos Group Inc (NYSE:CRON) announced early this morning that it will buy U.S. hemp-based products producer Redwood for $300 million. The company manufactures and sells CBD infused skincare and other products, mostly known for its Lord Jones brand. In response, CRON stock is up 4% to trade at $13.24, set to break...Read More
Loop Capital said investors should "step into any weakness"Shares of small shops platform Etsy Inc (NASDAQ:ETSY) are sinking this morning, down 5.3% at $64.50, at last check. Despite reporting a second-quarter earnings beat of 14 cents per share, the company's revenue missed estimates. Analysts do not seem deterred, however, with no fewer than three price-target hikes and one bullish reiteration...Read More
Oil prices are bouncing back today after a mixed jobs reportDow Jones Industrial Average (DJI) futures are under pressure, extending Thursday's sharp afternoon pivot following the latest trade threat from President Donald Trump. China's foreign ministry has responded today by promising countermeasures in response to new tariffs -- and exacerbating anxiety this morningis the July jobs report, which...Read More
Fed rate cuts and Trump's push for a lower dollar should increase the value of gold.Low and negative-yielding bonds will entice investors to look for an alternative investment.Equity markets push higher even though trade war tensions are increasing, making gold and other commodities increasingly attractive.Using JNUG to capitalize on an upswing from gold.Intro As major indices are reaching all...Read More
The breakout in June was a significant event.The Fed and ECB kept the bullish party going in July.Validation of the bull market comes from the global currency markets.Gold could reach $2000 per ounce a lot sooner than most market participants believe.Gold mining stocks will magnify the move - the GDXJ ETF has explosive potential.For anyone who appreciates history, gold is an asset that has capture...Read More
Globally, central banks added a net 126.5 tons of gold to their reserves last month.Poland accounted for the bulk of the big June increase in central bank gold reserves.That brings total reported central bank gold purchases on the year to approximately 378 net tons.By SchiffGold Central banks continued to buy gold in June, according to the latest data released by the World Gold Council. Globally,...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished down nearly 300 points Thursday after President Trump said the U.S. would impose an additional 10% tariff on $300 billion in Chinese goods. Verizon Communications (VZ - Get Report) slipped after the telecom giant posted better-than-expected second-quarter earnings and increased its full-ye...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 312,21457,82645,699141,164429,131499,077532,656 Change from Prior Reporting Period 333-2,805-10,499-34,621-34,493-44,787-47,797 Traders 21061675360287168 Small Speculators LongShortOpen Interest 64,22130,642563,298 -8,774-5,764-53,561 non reportable posit...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
SRSrocco The gold and silver prices have held up remarkably well compared to the broader markets as they continue to sell off today. While the Dow Jones Index is down more than 250 points, gold and silver are just slightly lower. However, gold has traded in the green several times today. If we look at the 5-minute chart, we can plainly see that gold and silver have been trading in an opp...Read More