Toronto-based Anaconda Mining has arranged a $5 million term loan from the Royal Bank of Canada. This will allow the company to complete all pre-construction work at its Goldboro gold project 175 km northeast of Halifax. No further equity financing is anticipated.Anaconda expects to complete the Goldboro feasibility study this year. At the same time it will complete the work required to obtain min...Read More
Canada's Goldcorp (TSX:G) (NYSE: GG) said an illegal strike at its Cerro Negro mine in Argentina has forced it to halt operations at the site, the company's biggest gold producing asset in the South American country.Mining stopped on March 8, when members of the Asociaci??n Obrera Minera Argentina (AOMA) downed tools, and processing activities have now also ceased following the exhaustion of surfa...Read More
Arizona Silver Exploration (TSX-V: AZS) received this week approval from the US Bureau of Land Management of its Notice of Intent to start an initial six-hole exploration drilling program on the Philadelphia project, located in Mohave County, northwestern Arizona.In a press release, Arizona Silver said that the BLM determined the reclamation bond amount required to cover the proposed drilling prog...Read More
Australia's largest gold producer, Newcrest Mining (ASX: NCM), continued its deal-making spree Tuesday by setting a joint venture with Greatland Gold (LON:GGP), which will focus on advancing the explorer's Havieron project in Western Australia's Paterson region.The agreement comes only a day after Newcrest announced it was buying a 70% stake in the Red Chris copper and gold mine in Canada from Imp...Read More
The stock has already been a major winnerCloud security services provider Zscaler Inc (NASDAQ:ZS) is already up almost 51% year-to-date, recently gapping higher thanks to an impressive turn in the earnings booth. Looking at the sentiment data around the stock, Wall Street does not seem properly aligned on this outperformer. As such, there's a strong contrarian case to be made that there's more ups...Read More
The S&P and Nasdaq closed higher, thoughThe Dow crept into positive territory around 11 a.m. ET, but steady pressure from Boeing (BA) sent the blue-chip index back into the red by midday. BA stock has now shed more than 11% this week, with today's losses exacerbated by a rare "sell" rating and a global grounding of the company's 737 MAX 8 aircraft. The S&P 500 and Nasdaq, on the other hand, brough...Read More
EXPR has risen an unimpressive 3% since JanuaryRetail concern Express, Inc. (NYSE:EXPR) is down 1.4% at $4.90, at last check, as investors ready for the company's fourth-quarter earnings, set to take the stage before the market opens, tomorrow, March 13. Below we will dive into what the options market has priced in for the shares' post-earnings move, and see how the stock has been performing on th...Read More
How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More
Buyers showed bold tenacity Monday, holding the broad averages steady until an extremely volatile Boeing righted itself. The stock, cherished above all others by its institutional sponsors, came under heavy pressure overnight on news that a 737 had gone down in Ethiopia, killing all 157 aboard. This was the second fatal crash of this aircraft in five months, and it triggered a stampede out of Bo...Read More
Gold fell after inability to break past $1300. There should be good investment demand in gold for the rest of March. I prefer higher allocation to physical gold in one's portfolio. Silver continues to remain undervalued. Saudi's are taken world to a ransom as they do not want crude oil price to fall. They are doing everything to ensure that Brent crude oil trades over $60 per barrel. Asian sum...Read More
It’s important to understand Gold’s fundamentals as it will help us confirm a new bull market.To this point, Gold’s rallies have failed to make higher highs and higher lows because, although there has been improvement in fundamentals, the fundamentals have not turned bullish yet.The technical trigger will be Gold and gold stock outperformance of the stock market which will likely...Read More
NUVA stock is lower on would-be suitor Smith & Nephew plans to buy Osiris Therapeutics The shares of medical equipment concern NuVasive, Inc. (NASDAQ:NUVA) are sliding today, after Smith & Nephewannounced plans to purchase Osiris Therapeutics, a regenerative medicine producer, for $660 million. In mid-February, NUVA stock gapped higher amid reports that Smith & Nephew held buyout talks with the co...Read More
Traders from both sides of the aisles had been active coming into todayExchange-traded funds (ETF) Guggenheim CurrencyShares British Pound Sterling Trust (FXB) and iShares MSCI United Kingdom ETF (EWU) are in focus as traders bet on today's key Brexit vote. The currency-focused FXB was last seen trading down 0.4% at $126.89, and put options are popular, while EWU shares are 0.2% in the red, tradin...Read More
Precious metals expert discusses recent movements in the markets. In life, there are a distant events from one's past that embed themselves in one's memory banks in a manner and forcefulness that is directly related to their personal or historical importance. The birth of one's first child, one's first love affair or an athletic achievement fall into the "personal" category; the end of WWII, the f...Read More
MDC Partners was downgraded today, tooThe Dow is sharply lower today, taking a hit as analysts pile on Boeing (BA) amid the 737 MAX 8 controversy. Among stocks making notable moves lower today are marketing communications specialist MDC Partners Inc (NASDAQ:MDCA), and grocery distributors United Natural Foods Inc (NYSE:UNFI), and SpartanNash Co (NASDAQ:SPTN). Here's a quick look at what's got the...Read More
Vehicle production in Brazil increased in February with late Carnival holidays in 2019 helping to keep figures high during the month, although exports were still under pressure, local automotive association Anfavea said on Monday March 11.Brazilian automakers produced 257,233 light vehicles, trucks and buses in February, up 20.5% from 213,498 units a year earlier. Volumes also grew 29.9% from 198,...Read More
The stock is headed toward its worst daily losing streak since 2010A global ban of Boeing's (BA) 737 MAX 8 planes is weighing on Southwest Airlines Co (NYSE:LUV) stock today -- down 2.3% to trade at $50.45. The airline is the biggest operator of the aircraft, but underscored in a released statement that data "indicates the effectiveness of our operating standards, procedures, and training." Today'...Read More
China's auto output and sales both decreased in February due fewer working days as a result of the February 4-10 Chinese New Year holiday. China produced 1.41 million units of vehicles in February, down 17.4% from 1.71 million units a year earlier and 40.4% lower than 2.37 million units in January, the China Association of Automobile Manufacturers (CAAM) reported on Monday March 11.Sales...Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Coming up we’ll hear a tremendous interview with Craig Hemke of the TF Metals Report. Craig weighs in again and offers a concise and clear explanation on what’s been happening in the broken and rigged silver futures markets. And also tells us why he sees 2019 being a similar setup to what we saw in gold and silver...Read More
AAPL has had a busy news cycle already this weekBoeing (BA) hasn't been the only blue chip making headlines this week, with Apple Inc. (NASDAQ:AAPL) active in the news cycle, as well. In addition to yesterday's big "buy" rating, the iPhone said it will host a special event on Monday, March 25, with rumors swirling of potential updates to its original video content and news subscription services. A...Read More