South African state power utility Eskom has implemented load shedding for the first time this month amid lingering power constraints, sparking predictions of ferro-chrome price spikes if the situation deteriorates. Load shedding - controlled power outages - were last implemented in mid-February and were reported to have affected large industrial power users, including ferro-chrome smelters. After...Read More
Para Resources (TSXV: PBR) announced this week that it successfully tested the full CIP circuit at its Gold Road mine in Oatman, Arizona, including a test pour of gold.In a press release, the Vancouver-based miner said that a 40-ounce dor?(C) bar was poured on March 11, 2019, from the initial carbon strips after the entire plant was balanced.Para also reported that the full circuit of mining, crus...Read More
A CIBC report itemized the revisions and noted their cumulative impact. In a March 11 research note, analyst Anita Soni reported that CIBC lowered its price target on Goldcorp Inc. (G:TSX; GG:NYSE) to US$12 per share from US$12.50 (current share price is about US$10.93) after adjusting its model on the major "to reflect 2019 guidance, year-end results and technical reports." Soni noted CIBC made...Read More
Pan African Minerals, a unit of Timis Mining Corp., won't resume production at its Tambao mine in Burkina Faso as a Paris-based arbitration court has dismissed the company's $2.2 billion claim against the West African nation.Tambao, one of the world's largest manganese mines, was forced to halt activities in 2015 following a change in leadership in Burkina Faso. The company then asked the Inter...Read More
Trade headlines and dismal data weighed on investor sentimentIt was a choppy day of trading on Wall Street, as traders digested dismal Chinese data and reports U.S. President Donald Trump and Chinese President Xi Jinping postponed a trade meeting that was expected later this month. Lackluster U.S. housing data sent stocks to their intraday lows, though the major market indexes had nearly erased th...Read More
The percentage of young Americans experiencing certain types of mental health disorders has risen significantly over the past decadeContinue...Read More
Even as global growth fears stir, Goldman Sachs expects solar to be strong in several international marketsFirst Solar, Inc. (NASDAQ:FSLR) continues to move higher in 2019, now up almost 29% to test the $55 mark, equivalent to a 33% decline from its 52-week high of $81.72 from April. FSLR shares earlier topped out at a roughly eight-month high of $55.62, extending a run above their 200-day moving...Read More
LONDON, 14 March 2019 - Comment from BullionVault today leads the latest gold-market report from US investing news-site MarketWatch."Underlying physical demand is recovering as prices hold below February's multi-month highs," MarketWatch quotes Adrian Ash, director of research.But for now, the latest moves in the UK Parliament to delay or even suspend Brexit beyond 29 March is "boosting risk-on se...Read More
Options volume has ramped up on PLUG and SMSI The Dow has explored both sides of breakeven today, as investors digest the latest housing data. But three penny stocks making sizable moves today are healthcare firm Atossa Genetics Inc (NASDAQ:ATOS), alternative energy name Plug Power Inc (NASDAQ:PLUG), and software concern Smith Micro Software Inc (NASDAQ:SMSI). Here's a quick look at what's got th...Read More
Haveyou heard of Alexandria Ocasio-Cortez?At29 years old, she’s the youngest Congressperson in history.Alsoknown as “AOC,” Cortez is quite a sensation among young left-leaning folks. Nosurprise, she’s often referred to as the Democratic version of Trump. 2.4million fans follow her on Twitter.Likeany socialist, AOC is full of “ideas.” Most of them involve taking...Read More
The activity may not be bearish, thoughWageWorks Inc (NYSE:WAGE) stock is trading at the top of the New York Stock Exchange (NYSE) today, up 29.5% at $38.69, on news the flexible benefits provider will file the bulk of its delayed financial reports with the Securities and Exchange Commission (SEC) by the evening of Tuesday, March 19. The company's fiscal 2018 report will still be delayed.WAGE stoc...Read More
By: IRA EPSTEINGold at 18-DMA. Bearish momentum being lost. Gold price figuring out what to do next:Read More
JFE Meranti is a newcomer to the coated steel coil sector, and it expects its first years to be challenging while it works to achieve the lion's share of Myanmar's up-and-coming market for coated steel products, chief executive and managing director Sebastian Langendorf has told Fastmarkets.Langendorf was speaking in an exclusive interview at JFE Meranti's Singapore headquarters in the Marina Bay...Read More
Boeing has bounced very precisely from the 363.20 midpoint pivot shown, validating the pattern and its very bearish 'D' target at 323.72. This means that if and when the bounce from today's low sputters out and the stock relapses beneath 363.20, it could fall all the way to 323.72, or 14%, in search of traction. The secondary pivot at 343.46 would become our minimum downside objective at that...Read More
By: Stefan Gleason, In a once rare property crime now trending higher around the world, thieves are stealing precious metals from automobiles.These opportunistic criminals don't bother rummaging through glove compartments in the hope of finding stashed jewelry or gold coins. Instead, they go for the near certain score of exposed catalytic converters.A car's catalytic converter is attached to its...Read More
AMBA has rallied 46% from its Nov. 20 lowGoPro (GPRO) supplier Ambarella Inc (NASDAQ:AMBA) has been climbing higher on the charts, now up 46% from its Nov. 20 four-year low of $30. However, one technical signalindicates AMBA's upside momentum could cool off in the near future.At last glance, Ambarella stock was trading flat, just above $43.80. Digging deeper, AMBA is now trading within one standar...Read More
“The best thing you can do is know how to have a balanced portfolio.” Ray Dalio, Bridgewater Associates “The Flash Boys story put in jeopardy billions of dollars of Wall Street profits and a way of financial life.” Michael Lewis What’s the line in that popular song. . . . “Are you happy in this modern world?”In an article headlined Robots conquered...Read More
Import prices for steel billet in Southeast Asia moved up on Thursday March 14, amid an uptick in trading activity and higher scrap values, market participants said.Fastmarkets' daily import price assessment for billet in Southeast Asia was $485-495 per tonne cfr Manila on Thursday, up $5 per tonne from $480-490 per tonne cfr on Wednesday. Numerous deals involving Malaysian billet were concluded i...Read More
The shares could extend their quest for record highsTax-preparation software maker Intuit Inc. (NASDAQ:INTU) is flirting with record highs again today, peaking at $256.45 earlier. The security has been a beast so far in 2019, rallying more than 30% and outperforming the S&P 500 Index (SPX) by nearly 17 percentage points in the past 60 sessions, guided higher atop its 10-day and 20-day moving avera...Read More
The brokerage firm highlighted "execution issues and funding risks"The shares of Summit Midstream Partners LP (NYSE:SMLP) have slumped 4.6% to trade at $9.62 -- fresh off a record low of $9.28 -- after Credit Suisse double-downgraded the energy stock to "underperform" from "outperform," and slashed its price target to $9 from $15. The brokerage firm said the company's fourth-quarter earnings repor...Read More