By: Ira EpsteinMomentum is gold and silver point down but support should not be far away:Read More
Wednesday's asphyxiating tedium was a reminder that DaBoyz are in no rush to take stocks higher, especially if the short-covering needed to do so is absent. Usually, bear buying-binges are driven by "good" news. On this particular day, however, the headlines concerned a State of the Union speech that held little interest for Wall Street. Toss in the usual bilge concerning political bickering, Mu...Read More
Gold has been on the defensive but has so far held on to the 1,300 handle. However, Sino/US trade headlines sent a bid into the safe haven and bulls target the rising channel support line and 23.6% fibo upside target. Gold prices turned south since topping out at the recent highs of $1,326.30 as markets priced in optimism over Sino/US trade. White House Adviser Larry Kudlow said in an inte...Read More
RSC Mining and Mineral Exploration Services compiles the best drill intersections around the world and then ranks them based on gold equivalent grams per tonne using ruling metal and mineral prices.Year to date Osisko Mining's Windfall gold project in Quebec's Abitibi belt is the runaway winner with Global Atomic Corp's uranium project in Niger coming in second.There are caveats. The Windfall grad...Read More
Today’s price action has the classis “risk-off” feel to it. The major global indices have fallen sharply, led by Germany’s DAX which was still printing new lows on the day at the time of this writing. US indices were also coming under pressure after a brief pop at the open failed to sustain itself. As a result of the sell-off, gold is higher with the precious metal finding...Read More
The security was forming a bullish pattern on the chartsSubscribers to Schaeffer's Weekly Options Countdown doubled their money with the Home Depot Inc (NYSE:HD) weekly 2/1 175-strike call. Here's a quick look at why we expected an outsized move from the home improvement retail stock, and how the profitable options trade unfolded.At the time of our recommendation on Sunday, Jan. 27, HD had already...Read More
A few simple tools can help anyone make smarter trades.It used to take years of practice and hours of research to consistently make winning trades in the stock market, but nowadaysfinding profitable trades shouldn't have to be a full-time job. In fact, trading like a pro can really be as easy as 1-2-3, with the right tools and technology!According to one company, there's a simple recipe that can...Read More
The Dow and Nasdaq are barely in the black for the week after today's sellingIt was a risk-off session on Wall Street, sending the Dow to a more than 200-point loss. Bears emerged early on due to fresh signs of a slowing global economy, and discouraging headlines on U.S.-China trade talks only brought more sellers to the table. Despite a few encouraging earnings reports, including Chipotle's (CMG)...Read More
All three names are staring at double-digit percentage declinesStocks are staring at stiff losses following fresh U.S.-China trade news. Among individual names making big moves lower are ePort parent USA Technologies, Inc. (NASDAQ:USAT), biotech Sangamo Therapeutics Inc (NASDAQ:SGMO), and diagnostic testing specialist OraSure Technologies, Inc. (NASDAQ:OSUR). Here's a quick look at what's moving t...Read More
The stock just pulled back to a trendline with bullish implicationsFew stocks have had as rough a start to February as Innoviva Inc (NASDAQ:INVA). The pharma name shed 17.3% last week alone, and has extended those struggles to this week. However, this pullback, if history is any guide, could present a buying opportunity for INVA bulls. More specifically, Innoviva stock is now trading within one...Read More
Toronto's Troilus Gold Corp. is launching a 40,000-metre drill program at its 100% owned Troilus gold property near Chibougamau. Two phases are planned to de-risk and expand on the current resource report last November.Last year Troilus offered a resource estimate for both open pit and underground mineralization. There were 121.7 million indicated tonnes averaging 0.87 g/t gold and 0.086% copper,...Read More
Wallbridge Mining of Toronto says it has recovered more than 13,300 oz. of gold so far from the 35,000-tonne bulk sample and underground exploration at the Fenelon property. The project is located 75 km northwest of Matagami.The ore is being processed at the Camflo mill belonging to Monarques Gold. The first 25,000 tonnes of material had an average grade of 17.34 g/t gold. It was treated in fou...Read More
Gold futures suffered a fifth consecutive loss on Thursday, with overall strength in the U.S. dollar prompting the metal to post its longest streak of declines since June 2017. However, risk-off sentiment, on the back of a selloff in U.S. and European stocks, capped losses for haven gold. Gold for April delivery GCJ9, +0.30% fell 20 cents to settle at $1,314.20 an ounce. It was down a fifth strai...Read More
Upbeat earnings could result in price-target hikes for CLFCleveland-Cliffs Inc (NYSE:CLF) will release its fourth-quarter earnings report before the opening bell tomorrow, Feb. 8, and the shares will be looking to extend their strong start for 2019. That is, the mining concern sports a year-to-date lead of 43.4%, last seen at $11.08, and earlier today touched its highest point since early November...Read More
Plus, 40 stocks with extreme SOIR readings right nowA number of indicators are used at Schaeffer's to assess the temperature of a stock, and to better understand trader sentiment. One of the more ubiquitous indicators is the Schaeffer's put/call open interest ratio, or the SOIR, which measures a stock's short-term open interest and can be used to gauge near-term option traders' expectations. What...Read More
Gainey Capital's first pass sampling at its newly-optioned Las Margaritas gold project in Durango, Mexico has sampled up to 40 grams gold per tonne and confirmed the project's previously reported 1.5-1.6 km strike length. Peter Megaw leads the company's exploration team.The company took 42 samples at Las Margaritas, including chip samples from old pits, chip-channel samples from exposed veins an...Read More
Blue-chips Cisco Systems and Coca-Cola will report earningsEarnings season is continuing with gusto, as Dow names Cisco Systems (CSCO) and Coca-Cola (KO) step up to the plate next week. We'll also hear from semiconductor firms Nvidia (NVDA) and Applied Materials (AMAT). Plus, investors will digest a round of inflation data, while several Fed speakers will take the mic. U.S.-China trade relations...Read More
The brokerage firm is optimistic about the company's Bivigam prospectsThe shares ofbiopharmaceutical concern ADMA Biologics Inc (NASDAQ:ADMA) are higher this afternoon, after analysts at H.C. Wainwright launched coverage with a "buy" rating, waxing optimistic on the company's Bivigam prospects. Specifically, the analyst thinks the drug -- rejected for relaunch by the Food and Drug Administration (...Read More
Oil prices are pulling back todayThe Dow Jones Industrial Average (DJI) is sharply lower at midday. Global economic concerns initially sent the index down triple digits, and losses were exacerbated after White House economic advisor Larry Kudlow told Fox Business there is "sizable difference" between the U.S. and China on any sort of trade deal. Additionally, a CNBC report suggested a meeting bet...Read More
It's already been a wild day on the charts for Turtle Beach stockThe shares of video game headset maker Turtle Beach Corp (NASDAQ:HEAR) made a big move out of the gate today, after the company told investors it's expecting to report strong results for the fourth quarter and 2018 as a whole. In the release, CEO Juergen Stark cited growing market share in North America as one reason for the success....Read More