Toronto-based Iamgold Corp. (70% owner) and Sumitomo Metal Mining Co. (30% owner) of Japan have announced the discovery of a new gold zone at their C??t?(C) project 125 km southwest of Timmins, Ontario. The new zone of intrusive-hosted mineralization has been named the Gosselin zone.Drill cores from the new zone yielded the following assays:Hole CL15-39EXT: 0.81 g/t gold over 350.0 metres, includi...Read More
Gold futures fell on Wednesday to settle at their lowest in nearly a week, as some strength in the dollar contributed to a second straight session decline for the metal. A rally in government bonds across the globe, however, pointed to increased appetite for assets perceived as havens, and uncertainty surrounding Brexit and U.S.-China trade developments helped to limit losses for the yellow metal,...Read More
The outperforming shares are holding above key supportMorgan Stanley chimed in on optical makers today. While the brokerage firm waxed optimistically on Lumentum (LITE), it struck a decidedly tone with Acacia Communications, Inc. (NASDAQ:ACIA). Specifically, the brokerage firm downgraded ACIA stock to "underweight" from "equal weight" on customer concentration risk next year, but boosted its price...Read More
The shares are prone to big earnings swings, tooRH Inc (NYSE:RH) -- formerly known as Restoration Hardware -- will report quarterly earnings tomorrow, March 28. Ahead of the event, shares of the home goods retailer are flashing a historic buy signal on the charts.RH stock has been sliding since its early March test of the $155-$160 region -- an area that's kept a lid on the equity's advances since...Read More
A look at some of the best sectors in April over the past 10 yearsWe recently outlined the best and worst stocks to own in the month of April, historically. Today, we're taking a broader look to see which sectors tend to shine next month. Among the best exchange-traded funds (ETF) to own in April over the past 10 years has been the VanEck Vectors Gaming ETF (BJK), which boasts casino stocks like L...Read More
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis. Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2019 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intellig...Read More
The stock ran up to a historically bearish trendline during its latest rebound Department store concern Kohl's Corporation (NYSE:KSS) have been on a slow rebound since a post-earnings bear gap in mid-November and subsequent bottoming out at eight-month lows on Dec. 21. The stock has managed to tack on 5.7% year-to-date, and even reclaim the aforementioned bear gap earlier this month. However, in t...Read More
Tech stocks are taking a hit todayU.S. stocks have retreated as Treasury yields fall once again, reigniting concerns about the health of the global economy. Echoing that, China's industrial profit suffered its biggest drop since 2011, though the U.S.trade deficit shrank in January. Currently, the Dow Jones Industrial Average (DJI) is down more than 150 points at midday, with Microsoft (MSFT) paci...Read More
Southwest shares are still in the green year-to-dateIt's a busy news day for Southwest Airlines Co (NYSE:LUV), which became the first airline to cut its first-quarter revenue per available seat mile (RASM) forecast after the Boeing 737 MAX 8 planes were grounded following a pair of fatal crashes. Also, LUV reported an emergency landed of the aircraft yesterday, though no passengers were on board....Read More
The final demise of South Africa's gold industry came a step nearer on Wednesday with the announcement that Sibanye Gold Ltd. won't extend the life of Driefontein, once the biggest mine on the continent.Last year the mine, more than 2 miles (3,200 meters) deep, produced about 300,000 ounces of gold, just a fifth of its peak output two decades ago. Now Sibanye will wind down Driefontein's operation...Read More
The health insurer announced a big purchase earlierThe shares of Centene Corp (NYSE:CNC) are spiraling, after the U.S. health insurer said it was buying rival WellCare Health Plans (WCG) in a cash-and-stock deal valued at $17.3 billion, including debt. The purchase is expected to boost CNC's Medicaid division, as well as its exposure to the Medicare Advantage market, and comes amid a renewed effor...Read More
The next financial bubble burst could be so massive, it even takes out gold. One economist is making a very bold prediction.This man says that the colossal financial bubble that exists in today's economy is stretching closer and closer to its breaking point.And when it does pop -- soon, very soon -- it's not only going to take out the entire stock market... it'll absolutely crush other assets too....Read More
* GRAPHIC-2019 asset returns:* Prices supported by market caution on Alunorte * Alumina market tight while aluminium market well supplied (Adds official prices, fresh quote, bullets, nickel)By Zandi ShabalalaLONDON, March 27 (Reuters) - Aluminium touched a one-weekhigh on Wednesday as inventories fell and prices shrugged offanother step towards a full restart of Norsk Hydro's Brazil alumina operat...Read More
WING's steady climb has sent short sellers scurryingWingstop Inc (NASDAQ:WING) stock is up 2.3% to trade at $73.43, responding positively to BMO initiating coverage on the restaurant chain with an "outperform" rating and $85 price target. The analyst spoke glowingly about the company, calling it a "unicorn" due to a "combination of long-tailed unit growth and superior operating/growth metrics."...Read More
Axsome's AXS-05 depression drug received breakthrough designation statusBiopharmaceutical concern Axsome Therapeutics Inc (NASDAQ:AXSM) is hot today, on news the U.S. Food and Drug Administration (FDA) gave the company's AXS-05 major depressive disorder (MDD) treatment "breakthrough therapy" status. The designation was sparked by the treatment's successful Phase 2 ASCEND study results. Now up 484...Read More
US gold giant Newmont Mining (NYSE:NEM) has put together an executive leadership team that will come into effect once its acquisition of Canada's Goldcorp (TSX:G) (NYSE:GG) is completed, which is expected to happen in the second quarter.Newmont says the team will include some of the industry's top talent and most experienced mining executives known for superior operational execution, consistent pr...Read More
Kirkland Lake Gold continues to see signs mild distribution on its daily chart.Insider selling has picked up recently, though the amount of shares sold are minor relative to the total position Eric Sprott holds in the stock.Earnings growth and revenue growth continue to remain strong, but the stock still may need more of a breather before making another move higher.Kirkland Lake Gold (KL) has long...Read More
Mining companies have requested a judicial review of South Africa's 2018 mining charter to change clauses related to transactions made in the past to increase black ownership, an industry body said on Wednesday.In a bid to rectify the wealth disparities of apartheid more than two decades after the end of white minority rule, South Africa has demanded that a proportion of a mining company's shares...Read More
SQ shares are trading higher after a bull noteSquare Inc (NYSE:SQ) is trading 1.1% higher this morning at $74.75, after Macquarie began coverage on the stock with an "outperform" rating and $94 price target. The brokerage firm said that the company makes accepting payments as simple as signing up for Netflix, making it easier for people to run their businesses. Despite a year-over-year lead of 38%...Read More
The U.S. trade deficit shrunk in JanuaryDow Jones Industrial Average (DJI) futures are struggling for direction, under pressure once more from the 10-year Treasury yield, which earlier fell to 2.35% -- its lowest point since December 2017. Following yesterday's weak economic data, Wall Street is also eyeing the latest trade data, which saw the U.S. trade deficit shrink to $51.1 billion in January...Read More