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Pre-Commissioning at Argentina Gold Project Expected in January

December 27, 2019 / www.theaureport.com

Mine operations and preproduction work continue nonstop, the company stated. Fortuna Lindero ProjectFortuna Silver Mines Inc. (FSM:NYSE; FVI:TSX; FVI:BVL; F4S:FSE) provided in a news release an operational update on its 100% owned Lindero gold project in Argentina."Minor delays and unavailability of vendors due to holidays thwarted our best efforts to place ore on the leach pad prior to year end....Read More

Company to Continue Exploration at Ontario Property Contiguous with High-Profile Project

December 27, 2019 / www.theaureport.com

The Canadian junior will stay focused on two primary targets. BTU Metals Corp. (BTU:TSX.V) provided in a news release an exploration update on its Dixie Halo property in Ontario's Red Lake District."The past couple of months have been very exciting with our team uncovering compelling evidence of a significant copper, silver and gold system," CEO Paul Wood said in the release. Regarding the TNT po...Read More

Resource Update on Canadian Gold Property Due Early Q1/20

December 27, 2019 / www.theaureport.com

The status and review of a few aspects of this project are provided in a Canaccord Genuity report. In a Dec. 18 research note, Canaccord Genuity analyst Eric Zaunscherb provided updates on Marathon Gold Corp.'s (MOZ:TSX; MGDPF:OTCMKTS) Valentine gold project, including the imminent resource estimate, prefeasibility study and exploration.Regarding the resource update for Valentine in central Newfo...Read More

Nasdaq Win Streak Finally Snaps

December 27, 2019 / www.schaeffersresearch.com

All three indexes enjoyed weekly gains during the holiday-shorted week, however The Dow, S&P, and Nasdaq all hit record intraday highs today, building on big Christmas week gains. But while the Dow and the S&P maintained this positive momentum through to the close, the Nasdaq snapped its lengthy winning streak, dampened by Netflix (NFLX) stock, which suffered its third daily loss of the week. Amid...Read More

QGEN Calls Pick Up as Stock Recovers

December 27, 2019 / www.schaeffersresearch.com

QGEN shares have been making big moves this weekAs we called out in our Midday Market Check newsletter, healthcare concern Qiagen NV (NYSE:QGEN) is seeing accelerated options trading in today's session. The shares are up 2.9% at $33.86, and almost 7,400 calls were on the tape at last check, roughly four times the number expected today. On a closer look, the January 2020 35-strike call that we call...Read More

Options Traders React to Monster Rite Aid Rally

December 27, 2019 / www.schaeffersresearch.com

RAD stock has nearly tripled in the last two weeksRite Aid Corporation (NYSE:RAD) stock has been ripping higher since the drugstore chain reported a third-quarter revenue beat the morning of Dec. 19, while also lowering its full-year net loss outlook. Since its Dec. 18 close at $8.32, RAD shares are up 157% -- including today's 11.6% pop that has the equity trading at $21.42, pacing toward a seven...Read More

Unpacking a Festive Week on Wall Street

December 27, 2019 / www.schaeffersresearch.com

The Nasdaq is in the midst of a 12-day winning streakWall Street had a lot to celebrate during the holiday-shortened week. Although Christmas and Christmas Eve led to lower trading volumes, that didn't stop the Dow, S&P 500, and Nasdaq from nabbing record closes left and right. The tech-heavy Nasdaq in particular broke out, and is currently heading toward its 12th straight win. U.S.-China trade op...Read More

Nasdaq Eyes Longest Winning Streak Since 2009

December 27, 2019 / www.schaeffersresearch.com

The tech-heavy index is headed for a 12th straight daily winThe Dow Jones Industrial Average (DJI) hit a new high out of the gate today, extending a Christmas week rally that's put the blue-chip index on track for a third straight weekly win. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) also tagged fresh peaks today, with the latter index holding above the round 9,000 mark, and pacing towar...Read More

TSLA Eyes Seventh Straight Win on Model 3 Update

December 27, 2019 / www.schaeffersresearch.com

TSLA has soared 144% since early JuneShares of electric car maker Tesla Inc (NASDAQ:TSLA) nabbed a new record high of $435.31 out of the gate, after revealing it will deliver the first 15 Model 3 cars made in its Shanghai factory on Monday. While the shares have since pared those gains to trade up 0.2% at $431.58, today's lift is just another step in a long-term climb for TSLA. The stock now up...Read More

Drug Stock Breaks Out After FDA Approval

December 27, 2019 / www.schaeffersresearch.com

An exodus of short sellers could push FLXN even higherThe shares of Flexion Therapeutics Inc (NASDAQ:FLXN) are near the top of the Nasdaq this morning, up 10.8% to trade at $21.01, and nabbed a new annual high of $22.98 out of the gate. Powering today's surge is a Food and Drug Administration (FDA) updated label approval of Zilretta, the company's osteoarthritis treatment. At least three brokera...Read More

IMMU Stock Keeps Climbing on Analyst Bull Note

December 27, 2019 / www.schaeffersresearch.com

The FDA just approved the company's fast track application for its breast cancer drug yesterdayImmunomedics, Inc (NASDAQ:IMMU) is climbing towards another annual closing high today, up 2.3% at $22.16, after H.C. Wainwright lifted its price target to $31 from $26. This bull note come right on the heels of yesterday's news that the Food and Drug Administration (FDA) accepted the firm's resubmitted B...Read More

Stock Futures Signal More Highs Today

December 27, 2019 / www.schaeffersresearch.com

The Santa Claus rally is in full swing this yearFresh off a post-Christmas climb to new record highs, Dow Jones Industrial Average (DJI) futures are signaling a nearly triple-digit pop out of the gate this morning. The S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also on pace for positive opens today, with the Santa Claus rally taking a strong hold this year amid trade tailwinds. The latt...Read More

Hi-yo Silver Away! / Commodities / Gold & Silver 2019

December 27, 2019 / www.marketoracle.co.uk

Silver is expected to begin the next decade newly burnished, through a combination of higher industrial and investment demand, and tightened supply owing to mine production issues and output cuts.  As December winds down and precious metals trade volumes dwindle, market analysts including us at Ahead of the Herd are crunching the numbers from 2019 and looking ahead to what the New Year might...Read More

Fed's Fake Stock Markets

December 27, 2019 / news.goldseek.com

The US stock markets soared in 2019, blasting to dozens of new all-time-record highs. Euphoric traders attributed these massive gains to strong corporate fundamentals and US-China trade-war progress. But the real driver of stocks' astounding ascent was the Federal Reserve's epic extreme easing. A panicking Fed pulled out all the stops to goose and levitate stocks, leaving fake artificial...Read More

The Metals Meandering Continues - So Please Maintain Patience

December 27, 2019 / news.goldseek.com

By: Avi Gilburt Originally published on Sat Dec 21 for members of ElliottWaveTrader.net: When the metals are in a bear market, metals enthusiasts are frustrated. And, even when the metals are in a bull market, metals enthusiast become frustrated. This is what I have been seeing of late, as the metals are consolidating for their next bullish run.But, if you trade metals, you know that t...Read More

A Market Festivus

December 27, 2019 / news.goldseek.com

Gary TanashianThey say that Festivus is the "anti-Christmas", but in this case we are going to call it the anti-Christmas Eve as the markets close out 2018's Christmas Eve massacre."Many Christmases ago I went to buy a doll for my son. I reached for the last one they had, but so did another man. As I rained blows upon him I realized there had to be another way!"This year markets are going anot...Read More

Asian Metals Market Update: December-27-2019

December 27, 2019 / news.goldseek.com

Traders will start taking positions for January. January will be the real test for gold and silver bulls. Signing of trade deal, Brexit, various US jobs numbers and Chinese demand and Chinese economic growth around the Chinese New Year. Bonds can also be a surprise winner if gold and silver sell off in January. I am bullish on global stock markets if the trade deal is signed in January. Trade de...Read More

Gold Upswing and Lessons from Gold Tops / Commodities / Gold & Silver 2019

December 24, 2019 / www.marketoracle.co.uk

Whata classic day Friday was! Gold moved a bit lower, miners moved significantlylower, and silver rallied. Truly classic and outstanding performance if oneenjoys seeing topping patterns that are playing out according to their usualand likely characteristics. And Monday’s early session seems to be an encore. Let’sstart with the examination of the most recent price action in gold. Whatwe...Read More

Crude Oil Bulls Keep Trying But the Technical Headwinds Are Stiff / Commodities / Crude Oil

December 23, 2019 / www.marketoracle.co.uk

Crude oil futures moved higher onceagain during yesterday’s session, overcoming the upper border of the risinggreen trend channel for the third time in a row. While the futures finished theday above this resistance, the bulls didn’t manage tohold gained ground in full.Earlier today, the futures opened withthe red gap. This bearish development means invalidation of yesterday’sbrea...Read More

Gold vs Cash in a Financial Crisis / Commodities / Gold & Silver 2019

December 23, 2019 / www.marketoracle.co.uk

Mattress stuffers or bullion holders? Who fares better in a crisis? North American investors are divided between those who believe the decade-long stock market bull is going to keep running into the 2020s, and investors who, wary of something terrible happening, are hoarding cash and gold.  The hopeful and the fearful The beacon hopeful investors are following is best symbolized by...Read More

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