Bob Moriarty of 321 Gold discusses a company that has recently agreed to purchase a Nevada gold-silver project to complement its Northwest Territories assets. The Round Mountain Gold Mine is on the west side of the Toquima caldera in south-central Nevada. What Rover Metals Corp. (ROVR:TSX.V;ROVMF:OTCQB) calls the Toquima precious metals property is on the other side of the caldera. On April 10 Ro...Read More
The property fits the company's acquisition model precious metal, high grade, cost effective, and in the western U.S. Gooseberry ProjectAmerican Pacific Mining Corp. (USGD:CSE; USGDF:OTC) announced in a news release it acquired the Gooseberry mine in Nevada for $20,000.Gooseberry is a historical, "low sulphidation epithermal system with high-grade gold and silver mineralization hosted in quartz...Read More
This precious metals royalty and streaming company issued 8.2 million common shares in exchange for 15 royalties. Metalla Royalty & Streaming Ltd. (MTA:TSX.V; EXCFF:OTCQB) has completed the acquisition of 15 royalties from gold producer Alamos Gold Inc. (AGI:TSX; AGI:NYSE) and its affiliates, Metalla announced on April 17.Metalla issued to Alamos 8,219,009 common shares for the 15 royalties as p...Read More
Falling UG2 chrome ore prices in April have been partly caused by ferro-chrome smelters in China selling their raw material back to the market, sources told Fastmarkets. Fastmarkets' UG2 chrome ore index, cif China, has dropped every week so far in April and stands at $169 per tonne as of Tuesday April 23, down from $186 per tonne on March 29. The smelters are understood to have bought too much ma...Read More
"The longer these outbreaks continue, the greater the chance measles will again get a sustained foothold in the United States," the CDC said in an official statementContinue...Read More
China's stainless steel prices dropped slightly over the past week as sellers focused on destocking amid weak demand.Fastmarkets MB's domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,000-14,500 yuan ($2,083-2,157) per tonne including value-added tax for the week ended Wednesday April 24, widening downward 100 yuan per tonne from 14,100-14,50...Read More
FB and MSFT saw big post-earnings gainsThe Dow was down 286 points at its intraday low, pressured by a stiff post-earnings loss for 3M (MMM) -- which suffered its worst day since Black Monday, shedding nearly 13%. The blue-chip index pared most of these losses by the close, but still settled in negative territory alongside the S&P 500. The Nasdaq, meanwhile, was just shy of a record closing high,...Read More
FDX options are attractively priced at the momentThe shares of FedEx Corporation (NYSE:FDX) are down 3.4% to trade at $191.12 today, on track for its worst day in over a month. FDX is being dragged down by sector peer United Parcel Service (UPS), which reported a first-quarter profit miss and lower revenue expectations thanks to severe winter weather. In response, FDX options traders have come ou...Read More
Swedish iron-ore pellet producer LKAB expects continued strong demand for iron ore pellets for the remainder of 2019, it said on Thursday April 25."Prices for iron ore with a high iron content and for highly upgraded iron ore [products], such as LKAB's iron ore pellets, are at the same time continuing to increase, relative to iron ore with a lower iron content," LKAB said.Fastmarkets' MB 65% Fe Br...Read More
A bullish signal just flashed on the charts for AABAFormer Yahoo! Inc. name Altaba Inc (NASDAQ:AABA) has enjoyed some serious upward movement in 2019. The stock is up 31.1% year-to-date, and just came off its best quarter since 2013. The internet concern is expected to report quarterly earnings soon (though it doesn't appear an official date has been announced), and while AABA has run into recent...Read More
CMG stock is also making a big move in today's tradingThe U.S. stock market is mixed today, as Wall Street weighs volatile post-earnings moves for 3M (MMM) and Facebook (FB). Among other names in focus are big-cap entertainment issue Walt Disney Co (NYSE:DIS), electric car concern Tesla Inc (NASDAQ:TSLA), and burrito chain Chipotle Mexican Grill, Inc. (NYSE:CMG). Here's a quick roundup of what's m...Read More
It took just two months for subscribers to double their investmentSubscribers to Schaeffer's Weekend Trader Series managed to double their money in just two months with the Fastenal Company (NASDAQ:FAST) August 60 call. Below, we will dive into why we anticipated an upside move from the tool specialist, and how the options trade unfolded.When we first recommended the call option on Sunday, Feb...Read More
By: IRA EPSTEINSpecial Video in lieu of the daily metals update: Moving Averages:Read More
Last month, Trump said that he considered Herman Cain and Stephen Moore as his picks to the Federal Reserve Board. As the former had withdrawn his name from consideration, the focus shifted to the latter. Who is Mr. Moore exactly and what would his nomination imply for the gold market?Who Are You, Mr. Moore? There are still two vacancies at the Board of Governors of the Federal Reserve Board of Go...Read More
GOOGL reports earnings next MondayGoogle parent Alphabet Inc (NASDAQ:GOOGL) is preparing to report earnings, hoping to replicate the success of other large-cap tech stocks we've seen this week. Ahead of the event, scheduled for after the close next Monday, April 29, there's an unusual setup in GOOGL's options pits. Specifically, put open interest is greater than call open interest among contracts...Read More
PINS options began trading todaySince making its public trading debut last Thursday, April 18, Pinterest Inc (NYSE:PINS) stock hasn't disappointed shareholders. In fact, the equity has yet to close a session in the red, and continues to explore all-time highs. What's more, PINS options began trading today -- here's how investors are speculating on the social media stock's future.Pinterest priced i...Read More
* Banks cite risks of getting deal done, restructuring costs * Announcement came during the sixth week of talks * Raises questions about future of both banks * Deutsche shares up 1.1 percent, Commerzbank off 2.6 pct (Updates with Commerzbank employee survey, fund manager,Bundesbank comment, CFO)By Andreas Framke, Arno Schuetze and Tom SimsFRANKFURT, April 25 (Reuters) - German hopes of creating an...Read More
AAL options are pricing in a bigger-than-usual reactionAmerican Airlines Group Inc (NASDAQ:AAL) will report earnings before the open tomorrow, April 26. Ahead of the event, AAL shares just flashed a historically bearish signal on the charts, and the options market is pricing in a bigger-than-usual post-earnings move for tomorrow's trading.For most of 2019, American Airlines stock has consolidated...Read More
Some analysts are still skeptical of the outperforming stockChinese travel services stock Ctrip.com International, Ltd. (NASDAQ:CTRP) has put in a strong performance so far this year, up 55% to trade at $41.99 -- thanks in part to an early March post-earnings bull gap. More recently, the shares pulled back after hitting a nine-month high of $46.50, but are now trading near a trendline with histori...Read More
The gold and silver bull markets have beenon a roller coaster ride for almost two decades. Gold came to life in 2000, withsilver crawling along between $4 and $5 until late 2003, making its first printabove $10 in March 2006. Thenext two years saw the last part of a 400% up-move for those who "kept thefaith," before silver dropped below $9 during the 2008 global financialmeltdown.Thenit...Read More