Toronto-based Anaconda Mining has arranged a $5 million term loan from the Royal Bank of Canada. This will allow the company to complete all pre-construction work at its Goldboro gold project 175 km northeast of Halifax. No further equity financing is anticipated.Anaconda expects to complete the Goldboro feasibility study this year. At the same time it will complete the work required to obtain min...Read More
F5 stock is testing a familiar floor today, thoughShares of F5 Networks, Inc. (NASDAQ:FFIV) are down 7% at $150.83 in early trading, after the tech name announced plans to purchase privately-held open source web server Nginx for an estimated $670 million. F5 Networks said the deal will increase software revenue growth and revenue mix in fiscal 2019 and 2020, though FFIV said it will also suspend...Read More
DKS is down big, but the move is smaller than speculators priced in Dick's Sporting Goods, Inc. (NYSE:DKS) this morning reported fourth-quarter earnings per share of $1.07, edging out a consensus analyst estimate of $1.06, and revenue also came in higher than expected for the period, with e-commerce sales rising 17%. However, a 3.7% decline in same-store sales has DKS stock down 6.3% this morning...Read More
Canada's Goldcorp (TSX:G) (NYSE: GG) said an illegal strike at its Cerro Negro mine in Argentina has forced it to halt operations at the site, the company's biggest gold producing asset in the South American country.Mining stopped on March 8, when members of the Asociaci??n Obrera Minera Argentina (AOMA) downed tools, and processing activities have now also ceased following the exhaustion of surfa...Read More
February's CPI met analyst expectationsDow Jones Industrial Average (DJI) futures are in the red this morning, under pressure once more from blue-chip heavyweight Boeing (BA). Not only did the aerospace name receive two downgrades on Wall Street this morning -- with DZ Bank issuing the stock's first "sell" ratings in nearly two years -- Malaysia, Singapore, and Australia joined the growing list...Read More
The company reported positive results in a late-stage trials of vadadustatThe shares of Akebia Therapeutics Inc (NASDAQ:AKBA) have shot up 23.4% in electronic trading, after the Massachusetts-based firm reported positive data from a pair of late-stage studies for vadadustat -- used to treat patients with anemia due to chronic kidney disease. The studies were part of a collaboration with Mitsubishi...Read More
Out-of-the-money put strikes could come into play for XLF as March options get set to expireThe Financial Select Sector SPDR Fund (XLF) began last week's trading in less-than-robust form by immediately backing down from resistance at its 200-day moving average, after having run up to test this overhead trendline a couple of times during the final week of February. Granted, XLF wasn't alone in pull...Read More
As more millennials are interestedin sustainable investments, one "green tech" company is leading the charge on clean drilling.Concerns about climate change and the high cost of energy have driven the maturation of the "Green Technology" movement into a trillion-dollar industry.Socially Responsible Investments (SRIs) are the most popular component of the average millennial's 401K, according to a r...Read More
(Updates with closing prices)By Peter HobsonLONDON, March 12 (Reuters) - Zinc prices jumped to aseven-month peak on Tuesday, driven higher by a supplyshortfall, dwindling stockpiles on the London Metal Exchange(LME) and expectations of solid demand from top consumer China.Benchmark zinc on the LME ended up 3.7 percent at$2,838 a tonne after touching $2,840, the highest since July 3.The metal, used...Read More
Arizona Silver Exploration (TSX-V: AZS) received this week approval from the US Bureau of Land Management of its Notice of Intent to start an initial six-hole exploration drilling program on the Philadelphia project, located in Mohave County, northwestern Arizona.In a press release, Arizona Silver said that the BLM determined the reclamation bond amount required to cover the proposed drilling prog...Read More
Arizona Silver Exploration (TSX-V: AZS) received this week approval from the US Bureau of Land Management of its Notice of Intent to start an initial six-hole exploration drilling program on the Philadelphia project, located in Mohave County, northwestern Arizona.In a press release, Arizona Silver said that the BLM determined the reclamation bond amount required to cover the proposed drilling prog...Read More
* Roller coaster session for the pound* FTSE ends slightly up as pounds edges down * Galenica jumps 7.5 pct after earnings beat expectations * Geberit falls after results (Adds closing prices)By Helen Reid and Julien PonthusLONDON, March 12 (Reuters) - European shares ended flat onTuesdat after a choppy session during which hopes British PrimeMinister Theresa May would win support for her plans fo...Read More
* Lawmakers reject deal by 391 to 242 * Pound swings wildly in dramatic session * Sterling volatility surges on uncertainty (Updates with outcome of vote, quotes)By Tom FinnLONDON, March 12 (Reuters) - Sterling held near the day'slows on Tuesday after a volatile trading session as Britain'sparliament rejected Prime Minister Theresa May's deal to quitthe European Union for a second time.While the p...Read More
A lack of cumulative positive news on the US-China trade front has given the US dollar a leg higher to the detriment of most commodities. The weak headline US payrolls data also questioned the global growth path. Precious metals GOLD retreated to the lowest since January 25 last week, touching below its opening level for 2019. The US dollar drivers overcame gold’s safe-haven demand ev...Read More
(Removes erroneous reference to Polyus being a silver producer,paragraph 1)MOSCOW, March 12 (Reuters) - Russian gold producer Polyus has received a further 5 percent stake in the giantSukhoi Log gold deposit from its project partner Rostec inreturn for a 0.28 percent stake in Polyus shares, Polyus saidlate on Monday.The deal raises Polyus' stake in Sukhoi Log, one of thelargest untapped gold depos...Read More
Australia's largest gold producer, Newcrest Mining (ASX: NCM), continued its deal-making spree Tuesday by setting a joint venture with Greatland Gold (LON:GGP), which will focus on advancing the explorer's Havieron project in Western Australia's Paterson region.The agreement comes only a day after Newcrest announced it was buying a 70% stake in the Red Chris copper and gold mine in Canada from Imp...Read More
Australia's largest gold producer, Newcrest Mining (ASX: NCM), continued its deal-making spree Tuesday by setting a joint venture with Greatland Gold (LON:GGP), which will focus on advancing the explorer's Havieron project in Western Australia's Paterson region.The agreement comes only a day after Newcrest announced it was buying a 70% stake in the Red Chris copper and gold mine in Canada from Imp...Read More
Published 23 Hours AgoUpdated6 Hours AgoReuters Getty ImagesGold edged higher on Tuesday, supported by a retreat in the dollar after an apparent breakthrough in Brexit negotiations between the European Union and Britain, although rallying equities capped bullion's gains.Spot gold rose 0.36 percent to $1,298.61 per ounce, while U.S. gold futures were up 0.6 percent at $1,299.10.Some dollar weaknes...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed higher Monday despite a big decline in Boeing (BA) shares after the deadly crash of a 737 MAX 8 jet over the weekend. Nvidia (NVDA) will buy Israel's Mellanox Technologies (MLNX) for around $7 billion, outbidding chipmaking rival Intel (INTC) for the cloud computing semi...Read More
Jack ChanPosted Mar 11, 2019Gold sector as represented by $HUI is on a long-term sell signal.Long-term signals can last for months and are more suitable for investors.Gold sector as represented by $HUI is on a short-term sell signal.Short-term signals can last for weeks and are more suitable for traders.COT data on gold is supportive for overall higher prices.COT data on silver is now also support...Read More