BBBY shares are slumping after the retailer reported earningsThe shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) are slumping this morning, after the home furnishings retailer reported a wider-than-anticipated 1.4% drop in same-store sales for the fiscal fourth quarter. BBBY also said current-quarter per-share profit will arrive between 7 cents and 12 cents, well below the consensus 29 cents per sh...Read More
APOG stock is on the short-sale restricted list todayShares of glass maker Apogee Enterprises Inc (NASDAQ:APOG) are struggling on the charts, after the company reported fourth-quarter earnings and revenue that fell below analysts' expectations. The company said harsh winter weather disrupting some manufacturing locations was a factor in slowing business, and Apogee issued full-year earnings below...Read More
Growing sovereign support will keep gold price buoyant in 2019.Short-term, gold is on the cusp of another confirmed breakout.Gold stocks, however, are still in a position of relative weakness.The rise of official institutional involvement in the gold market, mainly in the form of central bank demand, will be one of the key factors behind gold's continued recovery in 2019. That assessment is now sh...Read More
Precious metals miner Fresnillo reported a fall in first-quarter production on Thursday, calling it "slightly weaker than anticipated" but sticking to output targets for the year as spending on tackling operational issues paid off.Silver output slipped 14.8 percent to 13.1 million ounces in the three months ended March 31, mainly due to lower grades of ore and lower ore throughput, Fresnillo said....Read More
The drug stock is ripe for a short squeeze, tooThe shares of Viking Therapeutics Inc (NASDAQ:VKTX) are up 7.5% to trade at $10.89 this morning after the pharma company's non-alcoholic fatty liver disease (NASH) drug met the main goals for its mid-stage study. On the charts, the stock has been churning below the $9.50 level for most of 2019. The shares gapped higher in late March after an ambitio...Read More
The March PPI was released earlierDow Jones Industrial Average (DJI) futures are struggling for direction this morning, with traders taking a cautious stance before the start of first-quarter earnings season, which unofficially kicks off tomorrow with an onslaught of big bank earnings. At last check, the blue-chip index was signaling a modestly higher open, after the Wall Street Journal indicated...Read More
Shareholders in US gold giant Newmont Mining (NYSE:NEM) have almost unanimously approved the miner's proposed $10B takeover of Canada's Goldcorp (TSX:G) (NYSE:GG), a deal that creates the world's largest gold producer by market value, output and reserves, robbing Barrick of its recently cemented supremacy.Almost 98% of the votes were in favour of the transaction, which was first announced in Ja...Read More
* Dollar index rises on positive U.S. data * Lead hits three-month low * GRAPHIC-2019 asset returns: (Adds closing prices)By Eric OnstadLONDON, April 11 (Reuters) - Copper fell on Thursday on astronger dollar and worries about a global slowdown while leadtouched its lowest in more than three months on concern thatweak auto sales would dampen demand for car batteries.The decline in copper came afte...Read More
Gold bounces with the June contract back over $1300 per ounce.Technical metrics tell us the correction could be over.Official sector buying continues to underpin the gold market - a move in Italy that could start a trend.Uncertainty in the world supports a higher price for gold.UGLD for an aggressive approach to the gold market.In mid-February, the price of nearby COMEX gold futures moved to a hig...Read More
Gold _ Silver Spot Gold holding below 1308/09 tests good support at 1303/01. However below 1299 risks a slide to minor support at 1294/92. Important support at 1284/82. Longs need stops below 1279.Holding above 1310 tests resistance at 1312/13. Although this is the main challenge for bulls today it is not very strong & we are certainly not overbought so shorts are risky. A break above 1314 is...Read More
South African gold production shrank for a 17th straight month in February, the longest string of contractions since the financial crisis.Gold output fell 21 percent from a year earlier compared with a revised 23 percent drop in January, Pretoria-based Statistics South Africa said in a statement on its website Thursday. Production contracted for 29 months through January 2009.Key InsightsSouth Afr...Read More
West Africa-focused gold miner Avesoro Resources (TSX, AIM:ASO) disappointed investors after reporting Thursday a steep drop in first quarter gold production, with performance missing board targets.The Canadian gold producer churned out 45,098 ounces of the precious metal in the first three months of 2019, flat quarter-on-quarter, but 34% lower than in the same period a year earlier.Avesoro churne...Read More
West Africa-focused gold miner Avesoro Resources (TSX, AIM:ASO) disappointed investors after reporting Thursday a steep drop in first quarter gold production, with performance missing board targets.The Canadian gold producer churned out 45,098 ounces of the precious metal in the first three months of 2019, flat quarter-on-quarter, but 34% lower than in the same period a year earlier.Avesoro churne...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended slightly higher after the release of the Fed's March meeting minutes. Delta Air Lines (DAL - Get Report) beat Wall Street's first-quarter earnings expectations. The stock rose 1.6%. Apple (AAPL - Get Report) ended up after the tech giant received another downgrade from analysts at HSBC.Wall S...Read More
PDAC 2019 - The World's Premier Mineral Exploration & Mining Convention - attracted 25,843 attendees from around the world this year. It was an opportune time to meet with key personnel from a number resource companies. Here are the Corporate Presentations from resource companies that we met with: Appia Energy Corp. (CSE: API; OTCQB: APAAF)Appia is a clean energy company. Exploring and devel...Read More
Investing.com - Gold prices slipped on Wednesday in Asia even as stocks declined after the International Monetary Fund (IMF) downgraded its economic outlook and puts growth forecast at the lowest levels since 2009.Gold futures traded on the Comex division of the New York Mercantile Exchange were down 0.1% to $1,306.65 an ounce by 11:10 PM ET (03:10 GMT).Asian equities and other risk assets fell on...Read More
Carlo Alberto De Casa15 hours ago (Apr 10, 2019 9:27 AM GMT)But the bullion run-up has also been held back by the risk-on sentiment dominating markets and a greater investor appetite for risk, which has led to greater inflows of capital into the stock market and towards assets perceived as riskier, such as crude oil, which scored a substantial rally in the first quarter of 2019.So let’s exa...Read More
Highlights The head of Armstrong Economics, Martin Armstrong rejoins the show in Part II of the discussion.The dialogue includes an overview of the Presidential Cycle and US stock market performance. Stock indexes could climb to record highs if history acts as a guide amid fresh foreign capital inflows.Global investors seek out the key shares with big media exposure, such as the Dow 30 component...Read More
By: Gary TanashianFrom a post on gold and silver on Tuesday...Very simply, if it's an H&S it's a minor one with a target to the SMA 200 or short-term lateral support. Gold has curled back up to test the underside of its SMA 50. A takeout of 1310 and then the March high could put yeller back in business. Otherwise, don't personalize it. A test of the SMA 200 would be normal.The H&S was not my...Read More
Vancouver, BC / CNW Group - Cision / April 11, 2019 / Golden Arrow Resources Corporation (TSX-V: GRG, FSE: GAC, OTCQB: GARWF), ("Golden Arrow" or the "Company") is pleased to announce that the Company's joint venture partner in Puna Operations Inc., ("Puna") has reported the first quarter 2019 operational results for the joint venture's Chinchillas silver-lead-zinc mine in Argentina."In the fi...Read More