The network underlies the Tuvatu Alkaline Gold Project. Lion One's Tuvatu ProjectLion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced in a news release that the controlled source audio magnetotelluric (CSAMT) surveys conducted late last year at its Tuvatu project in Fiji showed an underlying structural network at the alkaline gold system. "We can readily see evidence of structures we think wer...Read More
Bill Powers of Mining Stock Education speaks with Greg Crowe, president and CEO of Silver One Resources, about his company's new Phoenix silver project in Arizona as well as the company's plans for 2020. In this interview, Silver One Resources Inc.'s (SVE:TSX.V; BRK1:FSE; SLVRF:OTC) President and CEO Greg Crowe discusses the company's new Phoenix Silver project in Arizona with its spectacular gra...Read More
Fund manager Adrian Day looks at four of the resource companies in his portfolio, three of which he calls good buys at current prices. Altius Minerals Corp. (ALS:TSX.V, Toronto, 10.71)generated $78 million in royalty revenue last year, following a soft last quarter, with 37% of it from copper. Coal royalties, which dominated after the acquisition of a package of royalties from Sherritt in 2013, a...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday February 5.Key drivers The price range for ferro-titanium has narrowed over the past week, with increased trading activity resulting in higher-priced deals in Europe. There was an increase in traded volumes reported, with sources saying higher-priced sales from Europe to Asia had spurred domestic European buying inte...Read More
The Nasdaq hit a record high earlierU.S. stocks pulled together big wins across the board in today's trading. The Nasdaq nabbed an afternoon peak above 9,574, brushing off Tesla's (TSLA)worst daily loss since 2012. The Dow roared to an 483-point gain -- it's third straight win andbest single-session win since June 4 -- as blue chipsUnitedHealth (UNH) and IBM (IBM) both finished at or above 5% for...Read More
Short-term options players have been buying putsProduct developer Take-Two Interactive Software, Inc. (NASDAQ:TTWO) is down 5% this afternoon, last seen at $120.50, after the company last night announced the departure of Senior Executive Dan Houser. This comes just ahead of the video game maker's fiscal third-quarter earnings, which are due after the close tomorrow, Feb. 6. TTWO has struggled to...Read More
Intercontinental Exchange is rumored to be interested in buying eBayExchange operator Intercontinental Exchange Inc (NYSE:ICE) was in focus this morning, after a Wall Street Journal report indicated the company made a $30 billion bid to acquire e-commerce icon eBay (EBAY). Earlier today, news surfaced Intercontinental did manage to acquire loyalty program provider Bridge2 Solutions. In response,...Read More
United Airlines just pulled back to a historically bullish signal on the charts United Airlines Holdings Inc (NASDAQ:UAL) has seen an impressive bounce off its late-January lows. The stock is eyeing its third consecutive win, and just successfully closed last month's bear gap. News that the company agreed to buy Westwind School of Aeronautics, making it the first and only major U.S. carrier to own...Read More
The Nasdaq has been waffling at the breakeven but eventually hit a new intraday high Stocks are making modest moves at midday. the Nasdaq Composite Index (IXIC) hit even more fresh highs, and while it has been waffling at both sides of the breakeven today, it was last seen in the black. The Dow Jones Industrial Average (DJI) issporting an almost 300-point gain, with it and the S&P 500 Index (S...Read More
Lower-dollar stocks tend to be much more volatileLook at the prices of the most familiar publicly traded companies -- Facebook (FB) ($210), Amazon.com (AMZN) ($2,030), Apple (AAPL) ($320), Netflix (NFLX) ($365), Tesla (TSLA) ($895) and Alphabet (GOOGL) ($1,430). All of them are well over $100. It didn't used to be like this. Stock splits have declined extensively over the past several years, leadi...Read More
PINS has added 18% in 2020Social media platform Pinterest Inc (NYSE:PINS) is moving lower this morning ,despite seeing an initiation of coverage from Loop Capital of a "buy" rating and $29 price target yesterday evening. The firm even went on to say PINS has "great potential as an advertising and eCommerce platform," and that it could be "very profitable." At last check, PINS was down 2.2% at to t...Read More
Both calls and puts are spiking in popularity todayThe shares of Spotify Technology SA (NYSE:SPOT) are in focus this morning, after the streaming service provider reported an adjusted fourth-quarter loss of $1.26 per share, which fell short of expectations. Spotify's first-quarter guidance missed estimates as well, but the company did announce the strategic acquisition of Bill Simmons' The Ringe...Read More
Walt Disney, Ford, and Chipotle all reported earnings since last night's closeAfter a blistering 400-point surge yesterday, Dow Jones Industrial Average (DJI) futures are eyeing another triple-digit open this morning. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also on track for a big push higher, after reports indicate labs in both the U.K. and China effective treatments have b...Read More
The price of hollow steel sections prices in Europe remained flat this week, with many waiting for the import quotas to be exhausted which will support the domestic market, sources told Fastmarkets on Wednesday February 5. Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?620-640 ($685-707) per tonne on Wednesday, unchanged week on week. F...Read More
Chipotle's fourth-quarter earnings and revenue exceeded analysts' estimates The shares of restaurant giant Chipotle Mexican Grill, Inc. (NYSE:CMG) are signaling yet another fresh high this morning, after the company announced fourth-quarter profits of $2.86 per share, and revenue of $1.44 billion, both of which beat analysts' estimates. The company cited its online loyalty program and higher menu...Read More
Following up on an exciting article we shared with friends and followers on January 17, 2020, it appears ERY has reached the first stage for profit taking with a fairly strong potential we may see this rally continue even higher. Please review the following repost of our original research and analysis of ERY back in early January.January 17, 2020: ENERGY CONTINUES BASING SETUP – BREAKO...Read More
By: David HaggithHaving predicted last year that a recession would begin in the summer of 2019 and that it would likely start with a major repo crisis, I am now proven wrong by 2019's fourth-quarter GDP. If the repo crisis that started in the final week of summer had actually been the start of a recession, we would have seen fourth-quarter GDP go negative. Instead, it came in at 2.1% growth.I fi...Read More
Jordan Roy-Byrne CMT, MFTALast week we noted that the risks in precious metals were primarily technical. Sentiment and technicals urge caution over the short-term. The net speculative position in Gold has remained high for months while the 21-day daily sentiment index (DSI) hit 81%. Since the sector peak five months ago, Silver and the gold stocks have corrected in price while Gold has made a...Read More
Every fiscalquarter the World Gold Council puts out a wonderful little report on the gold market,that is made into an article by just about every mining news outlet. Forreasons unknowable to mere mortals like us, the report focuses on gold demand.The reader has to go deep into the report to find the other half of the story,gold supply, and in particular, mined gold supply. Doing so inthe WGC&rsquo...Read More
Turkey exported 5,609,697 tonnes of flat steel products in 2019, a decrease of 6.43% compared with 5,995,470 tonnes in 2018, according to the Turkish Statistical Institute (TUIK).Strong demand for flat steel, especially in Europe and North Africa, was the main factor behind the increase in the country's flat steel exports.In addition, local demand for steel in the Middle Eastern country was not st...Read More