This company working in British Columbia is awaiting assay results of a 1,000-meter hole at Thorn, kicking of its exploration season, explains Thibaut Lepouttre of the Caesars Report. After focusing on the cobalt camp in 2018, Brixton Metals Corp. (BBB:TSX.V) is shifting gears and will spend of its time and effort on the Atlin Goldfields project in British Columbia. After successfully assembling...Read More
Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, discuss what real wealth is and if financial assets should be considered real wealth. Our contention is that gold is real wealth. Gold is its own final settlement and no one else's liability. What this means is simply that gold stands for itself, it does not depend upon the faith and good credit of any other person or thing...it is univers...Read More
A rare "sell" rating for Apple dragged the major markets lowerThe Dow kicked off the first full trading week of July on a down note, with the blue-chip index dragged to a triple-digit loss after Apple (AAPL) stock sold off on a rare "sell" rating. Easing expectations for an aggressive rate cut from the Fed only added pressure ahead of this week's congressional testimony from Fed Chair Jerome Powel...Read More
Nike stock is trading at its highest point in over two monthsAs most will know by now, the U.S. Women's National team won its second-straight and fourth overall FIFA Women's World Cup yesterday, defeating Netherlands 2-0. The event drew an 10.0 overnight metered market rating, more than the 2018 FIFA Men's World Cup Final between France and Croatia. The U.S. Soccer Federation is sponsored by Nik...Read More
The suffering stock just had a bear signal sound on the chartsKraft Heinz Company (NASDAQ:KHC) has had a rough time of the charts of late. Since suffering a brutal post-earnings bear gap in February the equity has attempted to find its footing atop the $32 region, but soon found itself south of the area -- dropping to a record low of $26.96 in late May. While the equity has managed to climb atop i...Read More
NOAH stock was heavily shorted ahead of today's sell-offThe broader U.S. stock market is lower today, headlined by a pullback in Apple shares. Three names to watch are Chinese wealth management firm Noah Holdings Limited (ADR) (NYSE:NOAH), along with healthcare companies Intra-Cellular Therapies Inc (NASDAQ:ITCI) and Coherus BioSciences Inc (NASDAQ:CHRS). Let's take a look at how the shares of NO...Read More
Some Egyptian steel mills have appealed against the decision to suspend the safeguard duties on steel billet and rebar taken by the country's Administrative Court last week, Fastmarkets understands.The appeal was made on Sunday July 7 and follow's July 4 court ruling suspending an earlier decision to impose safeguard duties on imports of rebar...Read More
UNFI has been in a long-term downtrend on the chartsOrganic foods distributor United Natural Foods Inc (NYSE:UNFI) has struggled on the charts over the long term. Pressured by its 30-day moving average, UNFI has shed 77% over the past 12 months. United Natural Foods stock also touched a nearly 17-year bottom of $8.07 on June 27, and now, data from Schaeffer's Senior Quantitative Analyst Rocky Whi...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 312,70253,75671,633160,282447,104544,617572,493 Change from Prior Reporting Period 14,594-7,79811,7925426,72626,44030,720 Traders 21670735460298178 Small Speculators LongShortOpen Interest 61,33233,456605,949 1,904-2,37628,344 non reportable positionsChan...Read More
"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute." William Feather, American publisher and author, 1889-1981 "Some calamities the 1929 stock market crash, Pearl Harbor, 9/11 have come like summer lightning, as bolts from the blue. The looming crisis of America's Ponzi entitlement structure is different. Driven by t...Read More
Health Canada put a hold on several kilograms of dried cannabisCannTrust Holdings Inc (NYSE:CTST) is at the bottom of the New York Stock Exchange (NYSE) today, after Health Canada found the medical-grade marijuana producer's Ontario greenhouse non-compliant with some regulations. The regulatory concern put a hold on more than 5,000 kg of cannabis that was harvested in five unlicensed rooms between...Read More
Broad-market headwinds are pressuring CSCO stock todayCisco Systems, Inc. (NASDAQ:CSCO) entered 2019 bouncing sharply from its 320-day moving average, and has since gained 30%. More recently, the Dow stock's 80-day moving average has served as a springboard, and contained CSCO's pullback from its 18-year high of $58.15 from June 21. Today, broad-market headwinds have the tech stock down 0.6% at $5...Read More
The Gold-Silver ratio is trading at an historic extreme of 90.31, at a level not seen for over 25 years. In comparison the historic average is 50 which on the current Gold price of $1330 would have the Silver price trading at $26.60. Which just goes to show how much of a coiled spring Silver tends to be as it eventually tends to swing sharply in the other direction at mania peaks. The ratio chart...Read More
Canaccord Genuity initiated coverage on RYTM with a "buy" rating and a $35 price target The shares of Rhythm Pharmaceuticals Inc (NASDAQ:RYTM) are getting a boost today, after Canaccord Genuity initiated coverage on the drugmaker with a "buy" rating and a $35 price target -- a more than 60% premium to the stock's current perch. The rating comes just weeks after the stock hit a 14-month low of $20....Read More
India's Ministry of Commerce & Industry has initiated an anti-dumping investigation into imports of flat-rolled stainless steel from 15 regions.The investigation covers flat-rolled stainless steel products imported between 2015 and March 2019, under HS code codes 7219 and 7220, from China, South Korea, the European Union, Japan, Taiwan, Indonesia, the United States, Thailand, South Africa, Me...Read More
Boeing and Pfizer are other blue chips under pressure todayThe Dow Jones Industrial Average (DJI) is staring at a triple-digit deficit at midday, weighed down by newly downgraded Apple (AAPL), as well as rough outings fromfellow blue chips Boeing (BA) and Pfizer (PFE). Investors are also preparing for comments from Fed Chair Jerome Powell on Wednesday, after the prospects of a July rate cut took...Read More
BMO had some notable comments for banks ahead of the July Fed meeting With Wall Street still expecting the Fed to cut interest rates at its meeting this month, brokerage firm BMO is considering what that could mean for some of the smaller banks. Specifically, in a note this morning analysts called out regional bank Huntington Bancshares Incorporated (NASDAQ:HBAN), suggesting an easing in monetary...Read More
All three are seeing unusual options volumeAlong with tech titan Apple (AAPL), several other stocks in the sector are lower after negative analyst notes. Of note, Juniper Networks, Inc. (NYSE:JNPR), NetApp Inc. (NASDAQ:NTAP), and F5 Networks, Inc. (NASDAQ:FFIV) stocks are all in the red today, after analysts downgraded the equities to "sell." What's more, the ugly brokerage attention has sparked u...Read More
ROKU is bouncing from a trendline with historically bullish implicationsRoku Inc (NASDAQ:ROKU) pulled back briefly last week following a bearish brokerage note, but bounced from a key technical level. The shares are now approaching the century mark and a recent batch of options bulls are anticipating even more upside for the streaming stock.Taking a quick step back, Roku landed on a list of stoc...Read More
The Queensland Resources Council (QRC) will hold discussions with the Australian government, mining unions and workers this week regarding action that can be taken to increase safety across the sector. This follows a fatal accident over the weekend at the Baralaba North mine - located in the Bowen Basin of Australia's Queensland state - that led to the death of a worker. The Middlemount mine, loca...Read More