Toronto-based Nuinsco Resources has found high grade gold values up to 122 g/t at the past producing Sunbeam mine 25 km northeast of Atikokan. The bonanza grade came from quartz vein material collected near the mine shaft.Geologists collected 28 grab samples, three of which contain visible gold. Samples were taken from outcropping rock and the waste dump as well as from debris in the shaft. All sa...Read More
Learn how to protect savings and maximize returns by investing in precious metals.Gold Trust would like to announce the newest edition of its guide to precious metals, perfect for anyone hoping to safeguard their investments and retirement!And today, they are giving away a free copy of their Investor's Guide to Precious Metals 2019!Their goal is to help regular investors learn the "pro" secrets...Read More
Subscribers just won big with the April 87.50 callSubscribers to Schaeffer's Weekend Trader Series service recently doubled their money with the Yum! Brands, Inc. (NYSE:YUM) April 87.50 call. Here's a quick look at why we expected a big upside move from the restaurant stock, and how the profitable options trade unfolded.When we entered the position on Monday, Dec. 10, a couple of technical floors...Read More
The equity has pulled back to a familiar trendlineDow name Caterpillar Inc. (NYSE:CAT) has pulled back since touching a year-to-date high in late February. However, the blue chip is testing a key trendline on the charts, suggesting CAT stock could be on the verge of its next leg higher.Caterpillar has added 0.7% this afternoon to trade at $133.86. From a longer-term perspective, the equity has be...Read More
XAUUSD, Daily Gold Futures rallied sharply following the uber-dovish FOMC outcome on Wednesday, seeing prices rally from under $1,300 to 3-week highs of $1,320.20 in London morning trade. Gold’s advance came as the Fed called off further rate hikes this year, resulting in a sharply lower Dollar, and lower Treasury yields, both Gold positives. Since then, a modest Dollar recovery has seen G...Read More
Paulson & Co., which holds 14.2 million shares of Newmont Mining (NYSE: NEM), said on Thursday that it does not support Newmont's proposed acquisition of Goldcorp (NYSE: GG, TSX: G) as it is structured.Paulson sent a letter to Gary Goldberg, president and CEO of Newmont, that outlines how the deal, under the current terms, creates negative value for Newmont shareholders."The $1.5 billion p...Read More
The stock is rising on Apple and Micron tailwinds, tooThe shares of Qorvo Inc (NASDAQ:QRVO) are trading up 7.7% at $74.45, thanks in part to tailwinds from newly upgraded Apple (AAPL) stock and a post-earnings Micron (MU). An upbeat analyst note for QRVO is only fanning the bullish flames -- and sparking a surge in intraday call trading.Looking closer at that analyst note, Goldman Sachs upgraded Q...Read More
Stocks were mixed on Wednesday following the Fed's Rate Decision release. We saw an increased volatility after the announcement, but overall there wasn't much of a change. The S&P 500 index was the highest since the early October on Tuesday. But will the rally continue despite short-term technical overbought conditions?The U.S. stock market indexes were mixed between -0.5% and +0.1% on Wednesd...Read More
The Fed doubled down on its dovish stance. What card will gold play now? Fed Remains Patient Yesterday, the FOMC published the monetary policy statement from its latest meeting that took place on March 19-20th. In line with the expectations, the US central bank unanimously kept its interest rates unchanged. The federal funds rate remained at the target range of 2.25 to 2.50 percent: The Committee...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
Gold futures settled at a one-week high on Thursday, buoyed by the Federal Reserve's dovish policy statement, though strength in the dollar kept prices in check. On Wednesday, after gold futures settled, the central bank left interest rates unchanged as expected and signaled no further increase in interest rates this year and just one in 2020, according to its new 'dot plot,' and the bank said it...Read More
The upcoming trading schedule has a number of reports on the housing marketThe economic schedule next week is filled with a number of updates out of the housing sector, but the biggest event will be the final reading on fourth-quarter gross domestic product (GDP), which comes out Thursday. A few notable earnings releases are littered about, too, including BlackBerry's (BB) report on Friday. Below...Read More
A new hole drilled 150 metres east of the recent discovery holes at Eastmain Resources' (TSX: ER) Percival target in James Bay, Quebec, reported identical rock type and style of mineralization and returned a 74.5-metre intercept grading 0.97 gram gold per tonne.The initial discovery holes at Percival in November measured 78.5 metres of 1.46 grams gold per tonne starting 16.5 metres downhole (hole...Read More
Medgold Resources (TSXV: MED; US-OTC: MGLDF) will drill 5,000 metres at its Tlamino gold project in southern Serbia during its 2019 exploration program, fully funded by Fortuna Silver Mines (TSX: FVI).Fortuna can earn a 51% interest in the project by spending $3 million on exploration over three years; it can increase its interest to 70% by spending $5 million and completing a preliminary econo...Read More
Evercore ISI gave PTE an outperform rating and a $26 price target. Evercore ISI just initiated coverage onPolarityTE Inc (NASDAQ:PTE) with an "outperform" rating and a $26 price target -- double the stock's current level. The analyst said that the company's SkinTE burn treatment "offers a differentiated therapy for the large wound and burn care market." Plus, the company just announced that it wou...Read More
The retail stock is headed toward its third straight lossRetail earnings are in full swing, with sporting goods retailer Hibbett Sports, Inc. (NASDAQ:HIBB) set to unveil its fourth-quarter results ahead of the open tomorrow, March 22. HIBB stock is pacing for its third straight loss in the lead up to earnings, down 4.2% today at $17.77, after Consumer Edge Research downgraded the name to "equal we...Read More
Apple was showered in bull notes this morningStocks are moving higher this afternoon, with Apple (AAPL) leading the Dow Jones Industrial Average (DJI) thanks to a shower of bull notes. In addition, the tech-heavy Nasdaq Composite (IXIC) and the S&P 500 Index (SPX) arehigher, with Micron (MU) pacing a chip rally. Traders are also digesting newly released jobs data, with weekly jobless claims fal...Read More
• The precious metal struggled to capitalize on the early positive move to three-week tops and started retreating from a resistance marked by 61.8% Fibonacci retracement level of the $1347-$1281 recent slide. • However, given the overnight sustained break through 200-period SMA on the 4-hourly chart, bullish technical indicators on hourly/daily chart...Read More
The blue chip reports earnings after the closeAlthough March Madness gets underway today, athletic apparel stock Nike Inc (NYSE:NKE) will be in the spotlight tonight for another reason: earnings. The blue chip is expected to report its quarterly figures after the close today. Ahead of the event, NKE option bulls are posting up.Nike has already seen roughly 19,000 calls cross the tape today -- four...Read More
Alacer is not a value play anymore, it is more of an exploration play now.What the market didn't see last year was positive growth. What the market is missing now might be a negative in the form of future lower ore grades.However, there are still 3 catalysts that could push the stock price higher.In 2018 I did a comprehensive analysis of gold miners, I spent more than a month on them and deepl...Read More