AAPL is lower after Guggenheim downgraded the FAANG stockThe shares of Apple Inc. (NASDAQ:AAPL) initially ticked higher out of the gate on broad-market tailwinds, but was last seen down 0.4% to trade at $191.45. The FAANG stock was downgraded to "neutral" from "buy" at Guggenheim, which also removed its $245 price target on the equity. This is the second brokerage firm in as many days to predict...Read More
CloseGain/LossGold $1211.90+$10.20Silver$14.15+$0.16XAU63.53+2.74%HUI143.45+3.61%GDM522.86+1.78%JSE Gold1080.74-2.00USD96.92-0.27Euro113.20+0.31Yen88.15+0.29Oil$56.25+$0.5610-Year3.122%-0.018T-Bond138.96875+0.375Dow25080.50-0.81%Nasdaq7136.39-0.90%S&P2701.58-0.76% The Metals: Gold traded mostly higher in Asia before it dropped back to $1197.80 in London, but it then shot...Read More
European prices for mesh-quality wire rod rose across the Northern and Southern parts of the continent on Wednesday November 14, with the volume available in the EU's import quota continuing to go down.Fastmarkets' weekly domestic price assessments for mesh-quality wire rod in both Southern and Northern Europe narrowed upward to ?,?540-560 ($608-630) per tonne delivered on Wednesday, from ?,?535-5...Read More
CloseGain/LossGold $1211.90+$10.20Silver$14.15+$0.16XAU63.53+2.74%HUI143.45+3.61%GDM522.86+1.78%JSE Gold1080.74-2.00USD96.92-0.27Euro113.20+0.31Yen88.15+0.29Oil$56.25+$0.5610-Year3.122%-0.018T-Bond138.96875+0.375Dow25080.50-0.81%Nasdaq7136.39-0.90%S&P2701.58-0.76% The Metals: Gold traded mostly higher in Asia before it dropped back to $1197.80 in London, but it then shot...Read More
Both retailers raised their full-year forecasts ahead of the holiday seasonMacy's Inc (NYSE:M) reported stronger-than-expected adjusted third-quarter earnings of 27 cents per share on in-line revenue of $5.4 billion. Macy's also said same-store sales grew at a faster-than-anticipated 3.3%, and the department store chain boosted its full-year profit forecast ahead of the holiday season.In reaction,...Read More
Yellow metal soars and gains almost 1% in a few minutes. Lowe US yields favored gold as UK Cabinet meeting brings no certainty. Gold has risen $10 during the last 60 minutes on the back of Brexit headlines. Uncertainty about the future of UK PM May pushed the Pound to the downside and added support for gold. The metal moved all day in a small range around $1200 and recently bro...Read More
By Ira EpsteinGold responds to crude oil being lost by day's end. Is there another leg down in oil coming?https://www.iraepstein.com/ Read More
By Craig HemkeIt may not be enough to reverse the momentum or flip the downtrend, but another Spec short squeeze is coming. Of that, you can be certain. And how do we know this? Because the COMEX is a rigged casino! The market-making Banks have monopolistic control of the proceedings, and this grants them almost unlimited power to rig results in their favor. To the point, Speculators (primarily...Read More
Vancouver, BC / Newswire / November 14, 2018 / Golden Arrow Resources Corporation (TSX-V: GRG, FSE: G6A, OTCQB: GARWF), "Golden Arrow" or the "Company".I would like to update our investors, that Golden Arrow is currently on track to deliver exceptional growth in value for our shareholders. Despite the current softness in the mining markets, our Company has been busy executing on a strategy that...Read More
As part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value to your own...Read More
Back in 2104 oil was falling and hundreds of billions of dollars of energy junk bonds and leveraged loans looked to be at risk. Wolf Street had this to say at the time:Oil and Gas Bloodbath Spreads to Junk Bonds, Leveraged Loans. Defaults NextThe price of oil has plunged nearly 40% since June to $65.63, and junk bonds in the US energy sector are getting hammered, after a phenomenal boom that pea...Read More
Crude's price fluctuations are a circus act that I've watched with diminishing interest over the years. It's easy enough to predict short-term swings with sufficient accuracy to make money at it, as Rick's Picks subscribers who traded NYMEX futures and energy ETFs yesterday would be happy to attest. But paying diligent attention to the constant barrage of supply-and-demand spin that drives the b...Read More
Crude oil can rise anytime. Momentum can reverse on value-based buying. I am satisfied with the gold price performance yesterday. It did not nosedive. If gold and silver do not fall today, then there will be short covering and a rise. Any reconciliation between China-USA on the trade war issue will be bullish for copper and industrial metals. Right now everything is mere speculation. Next week...Read More
Oil futures are on track to snap their 12-day skidFutures on the Dow Jones Industrial Average (DJI) are pointing to a strong open, vaulting higher after the consumer price index (CPI) rose 0.3% in October, on par with analyst expectations. The core CPI rose at an annual rate of 2.1%, compared to last month's 2.2% growth. Even plummeting oil pricesappear ready to rebound. At last check, December-d...Read More
Shares of Tilray and Canopy Growth are in the red after earningsWall Street today is reacting to quarterly results from Canadian marijuana firms Tilray Inc (NASDAQ:TLRY) and Canopy Growth Corp (NYSE:CGC). Both stocks are set for sharp declines at the open, after the companies each posted larger-than-expected losses for the third quarter. Also in focus is cannabinoid therapeutics expert GW Pharmace...Read More
Nickel premiums in China, the United States and Europe remained unchanged over the week amid limited activity, an unstable import window in Shanghai and participants' absence from the market. An open but unstable import window kept premiums in Shanghai flat Subdued activity in the US nickel market maintains premiums European nickel market quiet with long-term in focusShanghai nickel premiums uncha...Read More
2018-11-14 08:46 ET - News ReleaseMr. Edgar Montero reportsCHEMESIS INTERNATIONAL INC. SIGNS EXCLUSIVE LICENSING DEALChemesis International Inc. has entered into a multiyear licensing deal with Kevin Smith and Jason Mewes (also known as Jay and Silent Bob) for the development and promotion of cannabis products in the United States, including flower, oils, extracts, prerolls, cones, edibles and oth...Read More
The latest news and price moves to start the Asian day on Thursday November 15.Base metal prices on the London Metal Exchange were predominantly higher at the close of trading on Wednesday November 14, boosted by a steady rebound in global benchmark crude oil futures and a marginal retreat in the United States' dollar index. Read more in our live futures report.Here are how prices looked at the cl...Read More
VANCOUVER, BRITISH COLUMBIA / November 14, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) and engineering subsidiary PurLucid Treatment Solutions Inc. ("PurLucid") are pleased to announce they have received notice of publication of its patent for a new method to produce boiler feed water using low energy water treatment. The technology will facilitate using...Read More
The latest metal markets news and price moves to start the North American day on Wednesday November 14. Base metals on the London Metal Exchange were mostly lower during morning trading, with prices weakened by a prolonged sell-off in crude oil markets while continued strength in the US dollar index increased downward pressure. Falling by just under 1% over the morning, the three-month nickel...Read More