Trade negotiations between the countries will continue todayDow Jones Industrial Average (DJI) futures are slipping as Wall Street anxiously awaits new information regarding trade negotiations between the U.S. and China. Another round of talks kick off today, with more senior-level officials set to meet on Thursday. Investors hope the two countries can hammer out a deal before March 1, when increa...Read More
WMT is set to topple a key price point todayThe shares of Walmart Inc (NYSE:WMT) are up 2.6% in electronic trading, after the retail giant reported a fourth-quarter adjusted profit of $1.41 per share, easily surpassing the $1.33 per share estimate. Revenue was also higher than anticipated thanks to strong e-commerce growth, while same-store sales rose by 4.2%. And as if that's not enough, Walmart...Read More
Mr. Ivan Bebek reportsNEW TARGETS IDENTIFIED THROUGH MACHINE LEARNING AT AURYN'S COMMITTEE BAY HIGH-GRADE GOLD PROJECTAuryn Resources Inc. has received results from the machine learning targeting exercise for the Committee Bay high-grade gold project in Nunavut. The machine learning technology is provided by Computational Geosciences Inc. (CGI) and its proprietary VNet segmentation deep-learning a...Read More
Mr. Brian Groves reportsVECTOR GEOLOGICAL SOLUTIONS ENGAGED TO AID IN NEW TARGET GENERATION AT CHEVRIERGenesis Metals Corp. has engaged Vector Geological Solutions to aid in targeting of opportunities for resource expansion and new discoveries at Chevrier.Dr. Robert Carpenter, strategic adviser (see Genesis news release dated Nov. 21, 2018), in collaboration with Daniel MacNeil and Dr. Alan Wainwr...Read More
United States gold giant Newmont Mining (NYSE:NEM) has cleared one of the regulatory hurdles for its planned mega- merger with Canada's Goldcorp (TSX: G), a combination that would create the world's largest producer by output, challenging Barrick's recently cemented supremacy.The Denver-based gold miner said the Canadian Competition Bureau had green-lighted the $10-billion stock-for-stock trans...Read More
Delta-hedge buying likely helped to fuel the stock market's expiration-week rally"...the sentiment backdrop continues to be a supportive measure for equities after some participants were bracing for doom and gloom in December... This doom-and-gloom scenario is slowly being unwound, and indications are that much of this pessimism has further room to be unwound, which would allow stocks to continue...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....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
There are many commonly adopted and propagated market fallacies.Central bank buying or selling does not necessarily mean what many believe.I would be watching NEM more than central banks right now.Note: This was originally published on February 16th for subscribers to The Market Pinball Wizard: There is an old Yiddish expression called a bubbe meise (pronounced my-seh). I guess the closest English...Read More
The new President and CEO of Barrick Gold (NYSE:GOLD)(TSX:ABX), Mark Bristow, said the company wants to strengthen its partnership with the government and local communities of Papua New Guinea where the Porgera gold deposit is located.Barrick and Zijin Mining Group each own a 47.5% interest in the Porgera Joint Venture, while Mineral Resources Enga owns the remaining 5% interest. At present, the f...Read More
• A modest USD uptick exerts some fresh downward pressure on Tuesday. • US-China trade optimism further adds to the selling bias/corrective slide. • Focus remains on the next round of US-China trade talks/FOMC minutes. Gold prices edged lower through the Asian session on Tuesday and eroded a major part of the previous ses...Read More
* FTSE 100 down 0.6 pct * FTSE 250 down 0.3 pct * HSBC drags on main index as earnings disappoint * Baker Greggs jumps to life high * Plus500 falls for 7th straight day * Indivior slips on U.S. Supreme Court ruling (Adds news items, updates to closing prices)By Shashwat Awasthi and Muvija MFeb 19 (Reuters) - Britain's main index fell on Tuesday,weighed down by disappointing results from blue-chip...Read More
Hudbay Minerals' (TSE, NYSE: HBM) second-largest investor, Waterton Global Resource Management, has turned up the heat in a boardroom battle that seeks to replace the Canadian miner's chief executive officer and overhaul its board.The private-equity firm, which holds about 12% of Hudbay, released an investor presentation on Tuesday, detailing what it sees as the path forward for the miner. The...Read More
BHP, the world's largest mining company, has urged peers to create an independent international body in charge of overseeing the construction, integrity and operations of tailings dams, which storage mining waste, following the second collapse of a dam in Brazil in the past three years."As an industry, we now have to redouble our efforts to make sure events like this simply cannot happen," Chief E...Read More
In an environment that should be great for safe haven assets, gold has spiked to around $1,350 four times, only to be smacked back down each time.It's obvious that the forces now at work in the world will eventually send terrified capital pouring into sound money like gold and silver.From a technical standpoint, piercing $1,350 resistance should trigger a big, fast move to the next resistance...Read More
Published 23 Hours AgoUpdated6 Hours AgoReuters Simon Dawson | Bloomberg | Getty ImagesGold will continue to shine amid a weak dollar, says author and gold pro Jim Rickards.Palladium scaled a record peak to within striking distance of the $1,500 level on Tuesday fuelled by a sharp supply deficit, while bullion rose 1 percent to hit a 10-month high on a weaker dollar and global growth jitters.Sp...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comFeb 19, 2019As US markets re-open after the holiday, the world’s “queen of assets” continues her glorious ascent to higher prices.Please click here now. Double-click to enlarge this magnificent short term gold chart.The rise above $1332 ushers in my new short-term target:...Read More
COT SPECIAL PUBLICATION SCHEDULE Reminder -- Due to the U.S. Government Shutdown (February 1 Announcement) The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC publ...Read More
StrengthsThe best performing metal this week was palladium, up 2.05 percent on a strong market outlook. Gold traders and analysts were split between bullish and bearish this week as gold struggles to get back up to highs seen in January, according to the weekly Bloomberg survey. However, the yellow metal remarkably gained this week even as both the U.S. dollar and equities rose on the news that...Read More
By: Stewart Thomson, Graceland Updates: 1. As US markets re-open after the holiday, the world's "queen of assets" continues her glorious ascent to higher prices. Please click here now. Double-click to enlarge this magnificent short term gold chart.2. The rise above $1332 ushers in my new short-term target: $1355!3. Please click here now. Gold is well on its way to be...Read More