Fed Chair Jerome Powell will testify in front of Congress once againDow Jones Industrial Average (DJI) futures are lower again today, amid a summit between President Donald Trump and North Korean leader Kim Jong Un in Vietnam, with the leaders attempting to resolve gridlock over Pyongyang's nuclear weapons. In addition, Wall Street is watching escalating tensions between Pakistan and India, after...Read More
GW Pharmaceuticals posted strong fourth-quarter revenueGW Pharmaceuticals PLC (NASDAQ:GWPH) is trading up 12.5% before the open, as investors applaud the cannabidiol treatment expert's fourth-quarter results, which featured a 67% increase in revenue. In response, J.P. Morgan Securities and Stifel raised their respective price targets for GWPH stock to $180 and $191. Most analysts are already bulli...Read More
• A modest USD rebound/US-China trade optimism prompts some fresh selling. • Downside remains limited on the back of Powell’s overnight dovish message. • Today’s release of US durable goods orders eyed for some short-term impetus. Gold traded with a mild negative bias through the early European session on Wednesday,...Read More
The S&P is pacing toward its fifth 10%+ two-month gain since 1950Stocks have gotten off to a fast start this year. The last time the S&P 500 Index (SPX) was up this much before the end of February was 1987, which is otherwise known as the year of Black Monday. Do fast starts like this tend to be vulnerable to sharp pullbacks? This week, I'm looking back at other instances where stocks shot higher...Read More
NUGT-- has pressed closer towards my optimal long re-entry window around 20.00 (see attached chart), but as of this moment, my pattern work argues that NUGT still has unfinished business on the downside ahead of my expectation of the emergence of a new upleg. With the foregoing in mind, the question is how close to the prior pivot low at 18.92 (2/14/19) will NUGT press in the upcoming hours? I wil...Read More
TerraX Minerals (TSXV: TXR) announced that the Mackenzie Valley Land and Water Board in Yellowknife, Canada, issued a Land Use Permit that approves the company's exploration plan on all the land holdings of its Yellowknife City Gold property.The new permit, effective until January 2024 and extendible to 2026, replaces two previous ones that covered a smaller area. It also provides for water usage...Read More
TerraX Minerals (TSXV: TXR) announced that the Mackenzie Valley Land and Water Board in Yellowknife, Canada, issued a Land Use Permit that approves the company's exploration plan on all the land holdings of its Yellowknife City Gold property.The new permit, effective until January 2024 and extendible to 2026, replaces two previous ones that covered a smaller area. It also provides for water usage...Read More
* LME copper stocks near 10-year lows * Zinc stocks at lowest since 2007 (Updates with closing prices)By Pratima DesaiLONDON, Feb 27 (Reuters) - Copper rose on Wednesday asexpectations of strong demand growth from top consumer Chinaboosted sentiment, but the rally was capped by strong technicalresistance at eight-month highs.Benchmark copper on the London Metal Exchange closedup 0.2 percent at $6,...Read More
How you can transform lagging indicators into leading indicators.Despite the strong January kick-start to 2019, many investors are still apprehensive of what's to come, especially considering some of the latest market-moving events -- think Fed policy announcements, U.S.-China trade negotiations, and earnings season, to start.While it's certainly no crystal ball, becoming familiar with the various...Read More
Exyn Technologies and Dundee Precious Metals (TSX:DPM) announced this week that they have joined forces to automate the latter's underground gold mining operations.The first step to achieving such a goal was that Exyn's Autonomy Aerial Robots or A3Rs were made commercially available, a development that took place in the past days.According to the tech company, A3Rs comprise a fully autonomous aeri...Read More
Exyn Technologies and Dundee Precious Metals (TSX:DPM) announced this week that they have joined forces to automate the latter's underground gold mining operations.The first step to achieving such a goal was that Exyn's Autonomy Aerial Robots or A3Rs were made commercially available, a development that took place in the past days.According to the tech company, A3Rs comprise a fully autonomous aeri...Read More
Rio Tinto's (ASX, LON:RIO) investors will be celebrating Christmas in February, as the miner is giving them a $4 billion special dividend, or $2.43 cent a share, after posting its highest annual underlying earnings since 2014.The world's second largest miner reported Wednesday a 2% increase in underlying profit, up to $8.8 billion, beating market forecasts of $8.5 billion on the back of rising rev...Read More
A free tool can help traders bank big during the upcoming earnings season. Too many investors let their portfolios slip during the busy holiday season, but this is a huge mistake... especially with the market moving events just around the corner!With the crazy market action investors have been seeing lately, right now is the time to prepare to bank big wins.It's important for investors to positio...Read More
Mining giant Rio Tinto's (ASX, LON:RIO) relentless search for a major copper deposit may have finally paid off as it announced it had made a promising find at its Winu prospect in Western Australia."It is early days and we have more work to do, but the initial results from drilling are pretty encouraging," Chief Executive Jean-S?(C)bastien Jacques said on Wednesday, after Rio posted its highest an...Read More
Published 23 Hours AgoUpdated6 Hours AgoReuters Getty ImagesGold bullion bars and coins.Gold held steady on Wednesday, consolidating in a tight range, with the U.S. Federal Reserve's dovish stance on monetary policy offering limited support, while palladium stayed above the key $1,550 level and not far from its record high.Spot gold fell 0.7 percent at $1,319.31 per ounce at 1:37 p.m. ET, and U...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended slightly lower Tuesday after Home Depot (HD) slumped.Home Depot posted weaker-than-expected fourth-quarter earnings and forecast slower 2019 profit growth. The stock fell 0.8%.Tesla (TSLA) ended down just slightly after the Securities and Exchange Commission asked a judge to hold CE...Read More
By: Avi GilburtAlbert Einstein once said: "Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions." This phenomena is quite evident on Seeking Alpha, which is a crowd sourced website. Most readers gravitate to an analyst simply because that analyst supports the readers o...Read More
By: Jordan Roy-Byrne CMT, MFTABack in 2013 I recall having a bearish view on the stock market due to extremely bullish sentiment readings. The market completely ignored that, made a major breakout through 13 year resistance and continued running for years.Lesson learned.Turning to Gold, we find something similar during major breakouts in 2005, 2007 and 2009. In the chart below we plot Gold alon...Read More
TSX Venture Exchange: BSKFrankfurt Stock Exchange: MAL2OTCQB Venture Market (OTC): BKUCFVANCOUVER, Feb. 27, 2019 /CNW/ - Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF), ("Blue Sky" or the "Company") is pleased to announce the results of the first Preliminary Economic Assessment ("PEA") for the Ivana Uranium-Vanadium deposit at the Company's 100% owned Amarillo Grande Project...Read More
By: Ira EpsteinFed Powell was more of a political discussion and not financial.Lower dollar, yields falling. Gold's volatility falling, a market in no-man's land. Gold held $1,323.3 -- bulls won the day. Gold's seasonal chart running into resistance...Read More