The world's gold miners have spent years avoiding each others' gazes like nervous teenagers. Now all of a sudden they're acting like the thrill has gone.It hasn't even been two months since Barrick Gold Corp. and Randgold Resources Ltd. announced that their merger was "consummated," and already Executive Chairman John Thornton appears to be checking out an old flame. Like most odd couples, they co...Read More
Shorts have been piling on ahead of earningsBurger chain Shake Shack Inc (NYSE:SHAK) is down 1.5% at $52.51 in early afternoon trading, with traders bracing for the company's impending fourth-quarter report. With earnings slated for after the market closes on Monday, Feb. 25, below we will dive into what the options market has priced in for SHAK shares' post-earnings moves.Shake Shack stock has m...Read More
The stock is near a historically bullish trendlineEtsy Inc (NASDQ:ETSY) stock is enjoying a pop today, in anticipation for its fourth-quarter earnings release after the close next Monday, Feb. 25. The security just hit a Feb. 5 record high of $60.58 and has found an area of support at the $54 level. What's more, the stock recently flashed a bullish signal that, if history is any indicator, could s...Read More
It's unimaginable what great progress China made in the last forty years. The rise of such economic power triggered many fears (or hopes) about the future international order. We invite you to read our today's article about the rivalry between China and the US and find whether the Red Dragon will replace America as a global hegemon. And what would such a shift mean for the gold market. &nb...Read More
Many short sellers and options traders are profiting from today's crashSpecialized pharmacy stock Diplomat Pharmacy Inc (NYSE:DPLO) is trading at record lows today, earlier bottoming at $7.33, after the company announced it's delaying the release of its fourth-quarter and full-year 2018 earnings report, and is pulling its 2019 forecasts due to greater-than-expected weakness in its pharmacy benefit...Read More
President Trump and China's Vice Premier Liu will meet later todayThe Dow Jones Industrial Average (DJI) is confidently higher today, up triple digits as optimistic investors await news from this afternoon's trade talks between U.S. President Donald Trump and Chinese Vice Premier Liu He. The blue-chip index is headed toward its ninth straight weekly win, its longest weekly winning streak since 19...Read More
Mr. Glen Sandwell reportsTAHUEHUETO UNDERGROUND DEVELOPMENT EXPOSES NEW MINERALIZATION ALONG PERDIDO STRUCTURETelson Mining Corp. has provided a development update and significant assay results from underground development at its Tahuehueto mine development and construction project, Durango state, Mexico.HighlightsTahuehueto underground development along the major mineralized structure, El Perdido...Read More
* China, Hong-Kong markets quiet* Yen-denominated gold hits over 1-year peak* India discounts narrow to $1 from $6 earlier this week* India's gold marketPhysical gold demand in Japan slackened this week as prices rallied, while a market correction towards the latter half of the week lured some buyers back in India and Singapore.In Japan, the metal was sold at a discount of about 75 cents to the gl...Read More
The passage of Bill C-45 could be a signal to early investors that pot stocks are ready to pop.With Bill C-45 now in effect, it's possible that in the very near future, investors may be seeing stock market gains that will never be seen again. This is a sentiment echoed by The New York Times, which reported that when this bill passes as expected, it will "completely legalize marijuana as a consu...Read More
The stock is trading near a historically significant trendlineThe shares of Amazon.com, Inc. (NASDAQ:AMZN) hit a year-to-date high of $1,736.41 on Jan. 31, thanks to a blowout earnings report for fellow FAANG name Facebook (FB). AMZN stock has since pulled back amid a negative reaction to the e-tailer's fourth-quarter results, as well as a number of PR headaches. However, the equity could be heade...Read More
STMP has more than halved this morningShares of shipping name Stamps.com Inc. (NASDAQ:STMP) are down more than 56% at $87.01 -- and just touched a fresh two-year low of $85.56 -- after the company announced the discontinuation of partnership with the U.S. Postal Service (USPS). CEO Kenneth McBride said the company will "fully embrace partnerships with other carriers ... well positioned to win the...Read More
At least 15 mining firms in South Africa have received notices of strikes to be held next week in support of colleagues at Sibanye-Stillwater who on strike over wages and job cuts, Minerals Council South Africa said on Friday.The Association of Mineworkers and Construction Union (AMCU) has been on strike at Sibanye's bullion operations since mid-November and plans to extend the strike to its plati...Read More
The company's founder announced his return as CEO last night The shares of Zillow Group Inc (NASDAQ:ZG) are up 9.8% at $38.48 in early trading after the company's founder Richard Barton announced his return as CEO last night. The news came with the online real estate concern's fourth-quarter earnings report, in which Zillow posted stronger-than-expected revenue. ZG has suffered two dramatic bear g...Read More
The brokerage firm's new price target is a 24.5% premium to INTC's Thursday settlementIntel Corporation (NASDAQ:INTC) is trading up 2.6% this morning at $52.76, following an upgrade at Morgan Stanley to "overweight" from "equal weight." The brokerage firm also moved its price target all the way up to $64 from $55 -- representing 24.5% expected upside from yesterday's close and multi-year high terr...Read More
Regional exploration last year on its Indin Lake property, 200 km north of Yellowknife in the Northwest Territories turned up high-grade gold in grab samples taken in three different areas including 174.50 grams gold per tonne at Fishhook, the southernmost project on its 899-sq-km land package, Nighthawk Gold (TSX: NHK; US-OTC: MIMZF) reports.Fishhook consists of several historical gold showings s...Read More
The streaming name's fourth-quarter results beat on both the top and bottom lineThe shares of Roku Inc (NASDAQ:ROKU) are up 5.7% in electronic trading, after the streaming device service reported fourth-quarter earnings of 5 cents per share on $275.7 million in revenue -- more than analysts were expecting. What's more, Roku added 3.3 million users over the three-month period, while user streaming...Read More
Several Fed speakers could weigh in on the recent batch of ugly economic dataDow Jones Industrial Average (DJI) futures are up over 100 points today, on hopes that a trade resolution between the U.S. and China is in sight. Ahead of the March 1 tariff deadline, and after weeks of lower-level trade talks, President Donald Trump and Chinese Vice Premier Liu He will meet in Washington, D.C., today. El...Read More
Shares in Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) climbed on Friday after the miner said it is ready to grow its yearly output to more than 500,000 ounces next year, supported by the restart of its K????lada?? gold mine in Turkey, and the soon-to-be coming online Lamaque project in Canada.The Vancouver-based miner cancelled plans last month to build a $500-million processing mill at K????lada...Read More
Shares in Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) climbed on Friday after the miner said it is ready to grow its yearly output to more than 500,000 ounces next year, supported by the restart of its K????lada?? gold mine in Turkey, and the soon-to-be coming online Lamaque project in Canada.The Vancouver-based miner cancelled plans last month to build a $500-million processing mill at K????lada...Read More
Canada's Pan American Silver (TSX:PAA) (NASDAQ:PAAS) announced Friday that it has completed the $1.07-billion buyout of Tahoe Resources by acquiring all of the issued and outstanding shares of the precious metals miner.Pan American expects to produce between 26.5 million ounces and 27.5 million ounces of silver this year, with gold output in the range of 162,500 ounces to 172,500 ounces.Based on t...Read More