Great Bear Resources of Vancouver has hit grades as high as 30.15 g/t gold over 7.25 metres during drilling at its 100% owned Dixie project in the Red Lake District. Both the Dixie Hinge zone (DHZ) and Dixie Limb zone (DL) were drilled, sometimes with a single hole providing core from both zones.At the DHZ hole 031 intersected four gold veins along a 141-metre wide zone of increased quartz veining...Read More
Headwinds from Canadian Solar's sell-off are pressuring JKS stock todayAlternative energy name JinkoSolar Holding Co., Ltd. (NYSE:JKS) is preparing to report earnings before the open tomorrow, March 22, and we noticed some interesting options data ahead of the release. Specifically, speculators are pricing in a 17.1% swing for tomorrow's trading, which on top of being a large number on the surface...Read More
Analysts and options traders are in overdrive todayThe shares of Biogen Inc (NASDAQ:BIIB) are plunging in today's trading, after the pharma giant and its partner Eisai halted two late-stage Alzheimer's disease drug trials. The decision came after an independent data company said the trials were likely to fail. Considering the drug, aducanumab, had once been projected by Goldman Sachs to reach $12...Read More
Not all of the analyst attention was bullish, thoughMicron Technology, Inc. (NASDAQ:MU) stock is up 7.5% to trade at $43.13, after the chipmaker reported a fiscal second-quarter earnings and revenue beat. However, while the company expects a memory chip recovery later this year, its current-quarter sales forecast came in lower than expected. Despite the upward price action, the analyst reaction ha...Read More
There's room for more upbeat analyst attention, thoughIt's been an outstanding run for Apple Inc. (NASDAQ:AAPL) stock, with the shares nabbing positive closes in eight of the last nine sessions. AAPL is poised for another daily gain -- up 1.9% to trade at $191.79, the best Dow stock so far -- after more bullish analysts chimed in on the FAANG stock as buzz around the Apple video streaming service...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
The Olive Garden parent reported a third-quarter earnings and revenue beatThe shares ofDarden Restaurants Inc (NYSE:DRI) are up 4.1% at $113.05 in early trading after this morning's fiscal third-quarter earnings report exceeded analysts' expectations on the top and bottom line. The company also lifted its full-year profit guidance. CEO Gene Lee cited strong sales in its Olive Garden and Longhorn...Read More
President Trump has said China tariffs could remain in place for a "substantial period of time"Dow Jones Industrial Average (DJI) futures are pointed sharply lower this morning, after Wednesday's Fed announcement sparked concern over a slowing global economy. U.S.-China trade uncertainty is also keeping markets on edge, after President Donald Trump said yesterday tariffs on Chinese goods could re...Read More
Yesterday was SCS' worst day in more than 3 yearsOffice furniture firm Steelcase Inc. (NYSE:SCS) saw its stock price crash 13.6% Wednesday, its worst single-day performance in over three years, after the company issued a cautious guidance due to slowing growth in international markets, which could eat into margins. However, analysts at Raymond James felt that Steelcase's fourth-quarter results wer...Read More
The world's largest miner BHP (ASX, NYSE:BHP) took a key step this week towards increasing its presence in Ecuador, the new darling of copper prospectors, by signing an earn-in and joint venture deal with Canada's Luminex Resources (TSX-V:LR).The Vancouver-based miner, which has already enlisted big names such as Anglo American and First Quantum for its other three Ecuadorian assets, has given BH...Read More
Dear Fellow Star-Gazers, Happy Full Moon and Happy Equinox! That these celestial events coincide is significant: indicating an emotional change of seasons and craving for fresh direction. Chiron conjoins the Sun within twenty four hours of the Equinox: a coincidence that suggested that this was going to be an important period for the world, - with crisis and chaos likely to be much-used...Read More
(Adds details, quotes)By Saikat ChatterjeeLONDON, March 21 (Reuters) - The pound plunged on Thursdayand was heading for its biggest one-day fall this year ongrowing fears of a "no-deal" Brexit should British lawmakershold firm in their rejection of Prime Minister Theresa May's EUdivorce deal.While a broad-based rally in the dollar also weighed on thepound, traders said the risks of a no-...Read More
Beauce Gold Fields (TSX: BGF) announced this week that it is testing a new Russian technology at Quebec's Rang St-Gustave Road in St-Simon-les-Mines.In detail, the miner is conducting a high resolution mobile electromagnetic or TDEM survey that measures electrical chargeability and electrical conductivity at a horizontal resolution of 15cm. In a press release, Beauce Gold said the system also allo...Read More
Beauce Gold Fields (TSX: BGF) announced this week that it is testing a new Russian technology at Quebec's Rang St-Gustave Road in St-Simon-les-Mines.In detail, the miner is conducting a high resolution mobile electromagnetic or TDEM survey that measures electrical chargeability and electrical conductivity at a horizontal resolution of 15cm. In a press release, Beauce Gold said the system also allo...Read More
* FTSE 100 up 0.9 pct * FTSE 250 down 0.2 pct * Exporter stocks boosted by weak pound * Miners, oil stocks also among top boosts* Next sheds early losses to end up after results * Renishaw, IG Group slip after results (Adds company news items, updates closing prices throughout)By Shashwat Awasthi and Yadarisa ShabongMarch 21 (Reuters) - Britain's FTSE 100 jumped to itshighest level in five-and-a-h...Read More
Gold is currently trading at $1,318, the highest level since Feb. 28 and could soon probe the resistance at $1,321 (61.8% Fib R of $1,346.75/$1,281.01). The Fed kept rates unchanged as expected, but signaled no rate hike for 2019, as opposed to forecasts by major investment banks that the dot plot would show one rate hike each for 2019 and 2020. The dollar, therefore, was offered acros...Read More
(Changes source to finance ministry, adds detail, organiser'scomment)MOSCOW, March 21 (Reuters) - Russia raised $3 billion in anew dollar-denominated Eurobond and 750 million euros in atop-up issue of an existing euro-denominated Eurobond, thefinance ministry said on Thursday, tapping the global bondmarket for first time this year.Russia capitalised on favourable market conditions and aglobally in...Read More
Invest now or later. Image by artemuestra Gold was trading just shy of the $1,320 an ounce mark in overnight trading in New York on Thursday, a three-week high. The latest bounce comes after Wednesday's Federal Reserve meeting confirmed market expectations that interest rates remain on hold for the rest of the year.A panel of 22 gold analysts surveyed by FocusEconomics in March sees a gentle rise...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell Wednesday after the Federal Reserve decided to leave interest rates unchanged. FedEx (FDX) dropped 3.5% after the shipping company cut its fiscal 2019 profit forecast for the second time in three months. General Mills (GIS) reported better-than-expected fiscal third-quarter earnings. ...Read More
The Wednesday Market Minute Global stocks weaker ahead of today's Fed rate decision, with sentiment clouded by reports of tension in U.S.-China trade talks and a profit warning from Federal Express.European stocks slip from late-September highs, with Germany's trade-sensitive DAX leading decliners, amid reports of China pushing back on key issues in talks with Washington.Global oil prices w...Read More