Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
The new campaign follows the 2018 release of an NI 43-101 resource update for the asset. Silver Bull Sierra Mojada ProjectSilver Bull Resources Inc. (SVB:TSX; SVBL:NYSE.MKT) announced in a news release it will soon commence an 8,000-meter surface drill program at its Sierra Mojada project in Coahuila, Mexico, which is highly prospective for silver and zinc.According to the company, the goal of t...Read More
A Haywood report presented Q4/18 and full-year 2018 results pre-merger and 2019 guidance post-merger for this miner. In a Feb. 14 research note, analyst Kerry Smith reported Barrick Gold Corp.'s (ABX:TSX; GOLD:NYSE) 2018 financials were a "slight miss," but 2019 guidance is "in line with our expectations." Smith summarized the salient figures. Barrick's 2018 cash flow was $1.94 billion, or $1.66...Read More
This Canadian company's current production, and the impact its new Nevada operation will have on the numbers, were addressed in a ROTH Capital Partners report. In a Feb. 8 research note, analyst Jake Sekelsky reported McEwen Mining Inc. (MUX:TSX; MUX:NYSE ) should reach first production by the end of February 2019 at Gold Bar, its open-pit, heap-leach operation in central Nevada. Currently, McEwe...Read More
Gregory Beischer, the president, director and CEO of Millrock Resources, and Chris Van Treeck, the company's senior geologist, speak to Maurice Jackson of Proven and Probable about their varied projects, and discuss what their next-door neighbor's drilling in Alaska is finding.Maurice Jackson: Joining us for a conversation today is Gregory Beischer, the president, director and CEO of Millrock Reso...Read More
"I know this can be difficult emotionally, and we hope he doesn't do anything terrible. We want to make this as diplomatic as possible. In the end, this is only a class 4 felony.Continue...Read More
Major Vietnamese integrated steel producer Formosa Ha Tinh Steel has increased its new hot-rolled coil offers by $40 per tonne for April-delivery and shipment cargoes due to the recent increases in raw materials costs.The producer's SAE1006 HRC is now on offer at $535 per tonne on a cif basis, up $40 per tonne from $495 per tonne cif for iMarch-shipment materials. And its SS400 and pipemaking...Read More
Reports are circulating that the U.S. and China are seemingly nearing a trade agreementA mostly downbeat round of economic data resulted in a risk-off session on Wall Street today, which only compounded concerns about the economy highlighted by yesterday's Fed meeting minutes. On top of a surprise drop in core capital goods orders in December, as well as disappointing numbers from the housing spac...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
Major Chinese mills' daily crude steel output edged up in late January, but finished steel inventories dropped sharply.Members of the China Iron & Steel Association (Cisa) produced crude steel at an average rate of 1.82 million tonnes per day during the last 11 days of January, up 0.55 % from 1.81...Read More
However, call buyers are active ahead of earnings next weekThe shares of Mylan NV (NASDAQ:MYL) are down 1% at $31.26 in afternoon trading. While the stock has surged since its late-December lows, MYL has encroached on a trendline that's had historically bearish implications, suggesting the security could be headed for its next leg lower. What's more, Mylan earnings are just around the corner.MYL...Read More
A major price-target from BTIG is also creating tailwinds for ZSAN stockStocks are headed for a loss as Wall Street weighs a concerning batch of economic data. Among individual names making notable moves are cybersecurity specialist Carbon Black Inc (NASDAQ:CBLK), athletic apparel maker Under Armour Inc (NYSE:UAA), and clinical-stage biopharmaceutical firm Zosano Pharma Corp (NASDAQ:ZSAN). Here's...Read More
The stock just pulled back to a trendline with bullish implicationsExchange operator Intercontinental Exchange Inc (NYSE:ICE) has struggled to take off so far in 2019, yet to break past its year-to-date breakeven level. However, if history is any guide, this could present an intriguing buying opportunity for ICE bulls. More specifically, Intercontinental Exchange stock is now trading within one s...Read More
Eastern China's Shagang has increased the prices for its long steel products for orders booked in late February. The mill is selling its HRB400 16-25mm rebar at 3,950 yuan ($587) per tonne over the February 21-28 period, up 50 yuan per tonne from its last set of prices released on February 1,...Read More
By Avi Gilburt, ElliottWaveTrader.net There is an old Yiddish expression called a bubbe meise (pronounced my-seh). I guess the closest English interpretation of this expression would be a grandmother's tale, or in the common vernacular, an old-wives' tale.Of late, I am seeing a bubbe meise about the importance of central bank buying of gold, and it is making its rounds on websites all over the i...Read More
By: Ira EpsteinGold continues to trend with lower-lows, higher-highs. In a resistance area. The gold market is overbought. Gold stocks - $GDX - also back up into upper resistance and overbought as well. That does not mean in a downtrend...Read More
By: Ross Norman, Sharps PixleyGold's relative strength indicator is at the 73, highest since September 2011 - the month that gold hit an all-time high. This may suggest that gold is technically "overbought" just now, but it is also at a level we saw regularly back in the early 2000's when gold was starting a bull run with a 16% year on year increase, well before the Global Financial Crisis.There...Read More
The recent minutes show that the Fed is divided over future rate hikes. How should gold investors react?To Hike, or not to Hike, That Is The QuestionAs Chairman Powell has been good at communicating the US central bank’s plans, the recent FOMC minutes do not contain too many surprises. In January, the Fed took investors by surprise, saying that it could be patient on interest rates. The minu...Read More
AAPL, not long ago the one true love of fund managers, has been a conspicuous laggard since the broad averages trampolined off December's lows. It is only in retrospect that we can see how they might have contrived, albeit with only modest success, to ignore the stock's big problem, which is that the company's ridiculously overpriced phones are poorly positioned to compete against increasingly a...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
Does technical analysis need to be so convoluted? Here are a couple of definitions from different sources:1) Convoluted: (especially of an argument, story, or sentence) extremely complex and difficult to follow. (source)2) Convoluted sentences, explanations, arguments, etc. are unreasonably long and difficult to understand. We are not talking about the accuracy or relevancy; or eve...Read More