This company's plans for the upcoming exploration season in the Canadian Yukon and the Golden Triangle, and why they should be exciting for investors, are discussed in this interview with Maurice Jackson of Proven and Probable. Maurice Jackson: Joining us for a conversation is James Pettit. He is the President, CEO and Director of Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB). Mr Pettit, welcome t...Read More
The Canadian company will drill this zone further in 2019. Dixie Lake, Red Lake DistrictGreat Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC) announced in a news release that through drilling, it made a new high-grade gold discovery, the Bear-Rimini zone, at its Dixie project in Ontario's Red Lake District. Bear-Rimini is 2.5 kilometers northwest of the Hinge zone. Discovery drill hole DNW-011 hit on...Read More
The company yielded an average gold extraction in column testing of 84.2%. Liberty's Goldstrike ProjectLiberty Gold Corp. (LGD:TSX) announced in a news release that results and conclusions from phase 2 metallurgical testing on oxide material from its Goldstrike project were in line with those from phase 1 testing, "providing additional support for a simple heap-leach mining scenario."Extraction a...Read More
China's domestic and export prices for rebar moved down on Wednesday May 29 on weakening demand and losses in the billet and futures markets. Domestic Eastern China (Shanghai): 3,990-4,030 yuan ($577-583) per tonne, down 10-20 yuan per tonneNorthern China (Beijing): 3,920-3,960 yuan per tonne, narrowed downward by 10 yuan per tonneRebar demand in the construction sector is decreasing gradually ami...Read More
Import prices for stainless steel in East Asia narrowed over the week to Wednesday May 29 after some producers raised their asking prices following the uptick in the London Metal Exchange nickel price although demand in the region remained weak.304 stainless 2mm trimmed cold-rolled coilFastmarkets MB's weekly import price assessment for benchmark 304 stainless 2mm trimmed CRC in East Asia narrowed...Read More
China's next tariff weapon could be rare earth mineralsThe Dow lost over 200 points today, amid concerns about an escalating U.S.-China standoff. China is reportedly considering using rare earth minerals as its next weapon in the trade dispute, and worries over bond yields also weighed on stocks, especially in the financial sector. Retail stocks were dinged too, with Abercrombie & Fitch (ANF) amon...Read More
Cara Therapeutics stock is higher on its phase 3 resultsU.S. and China trade relations continue to weigh heavy on stocks today, guiding all three major indexes lower. A handful of names also making moves this afternoon are power conversion specialist Eltek Ltd. (NASDAQ:ELTK), biotech Cara Therapeutics Inc (NASDAQ:CARA), and California-based CalAmp Corp. (NASDAQ:CAMP). Below, we will dive into what...Read More
One fund is pacing toward its worst month in yearsThe stock market is taking a big hit this week, after several Chinese media outlets suggested Beijing could restrict the export of rare earth minerals, which are used in a variety of products, including smartphones and hybrids. Options traders are reacting to the latest salvo in the U.S.-China trade war by blasting the SPDR S&P Metals and Mining ET...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
Both equities sport attractively priced options at the momentThis morning, Goldman Sachs weighed in on two pharma stocks, downgrading Clovis Oncology Inc (NASDAQ:CLVS) and Esperion Therapeutics Inc (NASDAQ:ESPR) to "sell." Regarding the former, Goldman believes expectations for Clovis' cancer drug Rubraca are inflated. And with the latter, the analyst in coverage expressed concern over Esperion'...Read More
Prices for hollow steel sections in Northern Europe were stable this week with market activity restricted by the Ascension Day holiday in many northwest European countries.The holiday will be on May 30 but many sales and procurement personnel in companies' buying and selling sections have taken extended leave, which has affected trading activity.Fastmarkets' domestic price assessment on Wednesday...Read More
The equity tends to heat up in the summer monthsLike most of the stock market, the shares of Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) have struggled in May, down nearly 10% so far. However, now could be an opportune time to roll the dice on a big rebound for ALXN, for two reasons: first, pullbacks to a key trendline have preceded healthy gainsin the past; and second, the security has seasonalit...Read More
The door is wide open for downgrades on the stock A close look at the technical setup for Archer Daniels Midland Co (NYSE:ADM) reveals a number of red flags. For starters, the stock is coming off a weak earnings performance just a few weeks ago, falling below the $40 level, which represents two times a major peak from 1997, as well as its 2018 closing low. Moreover, the shares have given up suppor...Read More
By: Ira EpsteinGold on the August contract now in focus - higher highs, higher lows. Support around $1270 area, if break $1277.50. If a bear trap occurs, next few days gold would need to break $1306-1309:Read More
There's little appetite for buying on the Street todayStocks are broadly lower today, as concerns about the economy and U.S.-China trade relations weigh. Bond yields are falling again, with the 10-year Treasury yield slipping to a nearly two-year low. The retail sector is one of the worst performing areas so far, as is the trade-sensitive tech sector. The Dow Jones Industrial Average (DJI) has dro...Read More
Oil bullslook to have arrested the slide as there hasn’t been a down day since Thursday.One could easily expect a more vigorous rebound, however. The nearbyresistances remain and black gold has hardly gone anywhere today so far. Afterthe long weekend, will the bulls muster more strength, or does the technicalpicture favor another trip south in the coming days? The answer isn’t as easya...Read More
The shares have averaged an impressive return over the July-through-August periodApple Inc. (NASDAQ:AAPL) peaked at $215.31 on May 1, marking its highest point since Nov. 7. The shares of the iPhone maker have since shed nearly 18% -- set to snap their four-month winning streak -- amid increasing U.S.-China trade tensions. However, if history is any guide, the FAANG stock could be ready to bounce...Read More
(Corrects date in 8th paragraph to 2019 from 2008)By Balazs KoranyiFRANKFURT, May 29 (Reuters) - Super low rates are a boon forbanks rather than a hindrance, European Central Bank (ECB) VicePresident Luis de Guindos said on Wednesday, setting the tonefor a debate on whether lenders should be compensated.Banks have long complained that negative rates weigh ontheir profits, hurting the ECB's efforts...Read More
Here we go again.. We’ve been nailing the Precious Metals moves for many months and we’ve heard from many of our followers and members about our research. Some of you might remember our November 24, 2018 prediction that Gold would rally above $1300, then stall and set up a “Momentum Base pattern near April 21~24, 2019″ . We find it incredible that we...Read More
More than 200 million people in 28 nations voted inthe second-largest democratic elections in the world. What interestinginformation can we glean from their vote – which way the wind blows now? Crucially,how does it reflect on gold? Populistsand Greens Gain Seats in the EU ParliamentPeople across the European Union have voted for in theEuropean Parliament elections. Turnout was 50.5 percent,...Read More