Gold futures finished slightly higher Tuesday a day after coming under pressure following a round of upbeat data on manufacturing activity out of China and the U.S. that sparked a rally in stocks and other assets perceived as risky and robbed haven assets of their appeal. Gold for June delivery GCM9, +0.05% on Comex picked up $1.20, or less than 0.1%, to settle at $1,295.40 an ounce, while May si...Read More
Toronto-based Kirkland Lake Gold has filed an updated 43-101 resource report for its Macassa gold mine in the town of Kirkland Lake. The report includes resources at Dec. 31 ,2018.Two important zones - Main/04 break and South mine complex - are detailed. The Main/'04 break has 775,000 measured and indicated tonnes averaging 17.9 g/t gold and containing 447,000 oz. The South mine complex has 1.0 mi...Read More
Hecla Mining Co., headquartered in Coeur d'Alene, Idaho, has filed an updated resource estimate for the Casa Berardi gold mine 95 km north of La Sarre, in the Abitibi region.Using a gold price of $1,200 per ounce, Hecla estimates the Casa Berardi reserves contain 1.9 million oz. of gold. The largest increases occurred in the proposed west mine crown pillar and principal pits.Proven and probable re...Read More
Sable Resources (TSXV: SAE) has extended the mineralized corridor at its Margarita silver project in Chihuahua State, Mexico, 350 metres to the northwest with results from its ongoing 19 hole Stage 2 drill program.The company is targeting the project's Margarita Vein, where it recently drilled the project's best intercept to date. Hole 24 cut 116.93 grams silver, 0.7% zinc, 0.21% lead and 0.17 gra...Read More
Deutsche Bank sees huge potential for the shopping experience on InstagramDeutsche Bank analysts this morning released a note on Facebook Inc (NASDAQ:FB) that's getting a lot of attention on Wall Street, lifting the shares of the social media giant and sparking heavy options trading. The brokerage firm wrote that FB could see a $10 billion increase in sales for the fiscal year 2021 thanks to its n...Read More
Drilling 100 metres to the west of the diorite that hosts Wesdome Gold Mines' (TSX: WDO) Eagle River mine in Ontario has encountered a new discovery zone called Falcon, the company reports.Surface exploration drilling returned 73.5 grams gold over 1.3 metres starting from 209 metres downhole and 18.5 grams gold over 5.8 metres from 170 metres downhole.It is a positive indication of the potential g...Read More
The equity is down today on competition concernsE-commerce name Shopify Inc (NYSE:SHOP) is trading down 1.9% at $202.32 this afternoon, lower on reports that Microsoft (MSFT) is considering creating a competitor. However, SHOP stock may be worth betting on, if history is any indicator.On the charts, SHOP hasadded 65% since this time last year, and just yesterday touched a fresh record high of $210...Read More
Seasonality is on the stock's sideApple supplier Broadcom Inc (NASDAQ:AVGO) touched an all-time high of $307.35 earlier today before turning lower. However, the semiconductor concern could have more gas in the tank, if history is any indicator, and speculators may want to consider buying short-term AVGO calls.Broadcom shares gapped higher on March 15 after the company's strong earnings showing. Si...Read More
SGMO stock is headed toward its best day since May 2017The shares of Sangamo Therapeutics Inc (NASDAQ:SGMO) are on fire, after the California-based biotech reported positive data in a phase 1/2 study for its gene therapy hemophilia treatment that's being developed with Pfizer (PFE). The company also unveiled upbeat data for an early stage study for a gene therapy being developed with Sanofi (SNY)....Read More
The DJI is lower after three straight gainsBlue chip Walgreens Boots Alliance's (WBA) negative earnings reaction continues to drag down the Dow Jones Industrial Average (DJI), with the index down more than 100 points at midday. In addition, the latest durable goods data took some of the wind out of the bulls' sails. Elsewhere, the S&P 500 Index (SPX) is also lower due to an underperforming consu...Read More
Starbucks stock has only suffered two weekly losses in 2019Starbucks Corporation (NASDAQ:SBUX) stock has been red-hot in 2019, coming off a record high of $74.93 yesterday. Today, SBUX is up 0.4% to trade at $74.19, and options traders may want to set their sights on higher highs for the coffee stock, if history is any guide.Specifically, the stock's Schaeffer's Volatility Index (SVI) of 16% ranks...Read More
Eldorado Gold Corporation has announced that as of April 1, 2019, mining, crushing and placing of ore on the Kisladag heap leach pad has resumed. This follows the company's announcement on January 30, 2019, that it would resume full operations at Kisladag. Further testwork is underway to determine the effects of a 250 day leach cycles on deeper material, the results of which are expected to be ava...Read More
Union Pacific's buyback program could create tailwinds for the stockFreight giant Union Pacific Corporation (NYSE:UNP) has put together a strong 2019, adding over 20% year-to-date. Back in early February, the company announced a massive buyback plan that amounted to 20% of the outstanding shares, which should act as a tailwind going forward. Plus, UNP recently bounced from the $160 level, site of...Read More
LYFT's IPO was priced at $72 last weekThe run-up to the initial public offering (IPO) of Lyft Inc (NASDAQ:LYFT) was treated with much fanfare. The shares have gotten off to a rocky start, shedding 26% from their March 29 open at $87.24 to yesterday's close at $69.01. Today, LYFT stock hit a record low of $66.10 -- well below its $72 IPO price -- and was last seen down 1.3% to trade at $68.08.Anal...Read More
ISRG historically performs well in AprilRobotic surgery expert Intuitive Surgical, Inc. (NASDAQ:ISRG) has been a long-term gem on the charts, posting five straight yearly gains, including advances of31.2%, 72.6% and 16.1% over just the past three years. Already in 2019, ISRG shares have added more than 20%, trading near record highs at yesterday's close of $575.54, and seasonal data shows that bul...Read More
The company withdrew its Renuvion marketing applicationThe shares of Apyx Medical Corp (NASDAQ:APYX) are down 36.6% at $4.40, slicing through a long-term level of support. The medical supplies maker said it has withdrawn a marketing application for Renuvion, a device used for skin resurfacing. The move comes after the U.S. Food and Drug Administration (FDA) questioned data irregularities.After top...Read More
Achieve Life Sciences' ORCA-1 smoking cessation study just got a positive review from the DSMCMedical Research stock Achieve Life Sciences Inc (NASDAQ:ACHV) is seeing yet another bounce today, after the independent Data Safety Monitoring Committee (DSMC) gave the company's anti-smoking treatment, cytisinicline, a positive review in the phase 2B trial for the plant-based alkaloid. More specifically...Read More
Credit Suisse cut AA to "neutral" from "outperform"Aluminum concern Alcoa Corp (NYSE:AA) is starting its day in the red, last seen 1.9% lower at $28.91. This pullback for AA comes after Credit Suisse handed out a downgrade to "neutral" from "outperform," and a price-target cut to $31 from $40. Alcoa stock also saw an unimpressive price-target hike of $1 to $36 out of Jefferies.On the charts, AA h...Read More
In February, the World Gold Council released the newest edition of Gold Investor. What can we learn from the report? Let’s discuss gold’s role in the onslaught of the cashless society, its role as a portfolio diversifier, reverse asset and source of liquidity. Rogoff Wants Cashless Society, but Appreciates Gold As a lot has happened recently, we didn’t have time to analyze the la...Read More
Oil prices are poised for a third straight gainDow Jones Industrial Average (DJI) futures are struggling for direction today, after the big-cap index logged major gains in Monday's trading. There's plenty for traders to digest today, including March auto sales data and a slimmer-than-expected 1.6% drop in durable goods orders from February -- marking their first decline in four months. Additional...Read More