The Canadian company will investigate it with field work and possibly drilling. Aben's Forrest Kerr Gold ProjectAben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) announced in a news release the results from holes FK19-55 through FK19-63 drilled at its Forrest Kerr project in British Columbia's Golden Triangle.Generally, the drill results showed gold mineralization in the North Boundary zone over about...Read More
The company is now planning a drill campaign there. Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) identified a new gold-copper porphyry target at its Iskut project in British Columbia, it announced in a news release. The newly discovered target is a "large intrusive system at relatively shallow depth that is likely responsible for the Quartz Rise Lithocap and elevated gold and copper concentrations...Read More
This was the conclusion drawn from the recent sequential copper analysis. Quaterra Resources Inc. (QTA:TSX.V; QTRRF:OTCQX) reported in a news release recent testing showed that actual copper recoveries at its MacArthur open-pit, oxide-leach project in Nevada could be higher than the assumptions used in the 2012 preliminary economic assessment. As such, the company will now investigate this possib...Read More
Trenching yielded some of the highest-grade results to date. White Gold Corp. (WGO:TSX.V; WHGOF:OTCMKTS) announced in a news release that recent trench and surface sample results confirmed at least four high-grade gold trends on its JP Ross property in the Yukon. This property sits 25 kilometers to the northeast of White Gold's flagship Golden Saddle and Arc deposit.The gold trends, Vertigo, Sabo...Read More
These further drill results are positive and consistent with previous ones. Marathon Gold Corp. (MOZ:TSX; MGDPF:OTCMKTS) announced in a news release that additional drill results from the Marathon deposit at the Valentine gold project in Newfoundland are positive."The new drilling continues to delineate significant new zones of quartz-tourmaline-pyrite-gold veining in areas of limited previous dr...Read More
Export steel slab prices from the CIS region continued to fall this week, under pressure from weak finished flat steel demand in the domestic and export markets.This was despite the reduced availability of slab from Ukraine and Russia amid maintenance works at the major mills.A cargo of Russian slab was sold to a buyer in Turkey at $350-355 per tonne cfr, equivalent to $335-340 per tonne...Read More
Import prices for steel slab in Southeast Asia and East Asia have fallen over the past week because of the sustained decline of prices in the downstream market for hot-rolled coil, market sources said on Monday October 21.HRC prices in Vietnam have been pressured downward by the ample supply of materials from India and Russia in the spot market.Fastmarkets' price assessment for steel slab, import,...Read More
China's domestic rebar prices were unchanged on Monday October 21 despite falling futures, with steady demand providing some stability to the market. Eastern China (Shanghai): 3,580-3,610 yuan ($506-510) per tonne, unchangedNorthern China (Beijing): 3,550-3,590 yuan per tonne, unchangedOctober's mild weather makes it a seasonally strong month for the rebar market when it comes to demand. The retur...Read More
The S&P is running back up toward the 20% year-to-date return levelLast Friday's losses were reversed today as investor optimism ramped up over earnings season and a potential U.S.-China trade deal. Specifically, Chinese Vice Premier Liu He announced over the weekend that both sides were making "substantial progress." As far as individual stocks go, Apple (AAPL) boosted the Dow after a glowing bul...Read More
The tungsten market remained cautiously bullish in Europe and China in the week to Friday October 18 due to lingering positive sentiment and tightening concentrate supply in China. The Chinese ammonium paratungstate export price rose by 4.3% week on week in response to continued strengthening in the Chinese market, but some market participants said they expect further uptrend momentum to be limite...Read More
The company reported another round of encouraging cancer drug dataWhile drug distributors like McKesson (MCK) and Cardinal Health (CAH) are swimming in red ink amid reports of eleventh-hour legal settlements over the opioid crisis, the shares of Seattle Genetics, Inc. (NASDAQ:SGEN) are near the top of the Nasdaq today. The biotech stock is pacing for its best day since July -- and just notched an...Read More
Looking at three of the worst stocks in today's tradingStocks are mostly gaining today on a positive round of trade headlines. However, three names struggling on the charts are aircraft equipment manufacturer Spirit AeroSystems Holdings, Inc. (NYSE:SPR), software firm Micro Focus International PLC (NYSE:MFGP), and medical device stock Smith & Nephew plc (NYSE:SNN). Here's a look at how SPR, MFGP...Read More
BAC options are attractively priced after earningsBank of America Corp (NYSE:BAC) is in focus today, after the financial stalwart fired the latest salvo in the brokerage wars. The company announced commission-free stock, exchange-traded fund (ETF), and options trading for loyalty program members. Bank of America joins Charles Schwab (SCHW) and TD Ameritrade (AMTD), among others, in its attempt to...Read More
Pessimism is still surrounding the outperformerHasbro, Inc. (NASDAQ:HAS) stock is slightly in the red today at $120.78, and we are looking ahead to the toymaker's quarterly results, slated for before the bell tomorrow, Oct. 22. Below we will take a closer look at the equity's long-term performance on the charts, and see what the options market is pricing in for the stock's post-earnings move.Hasb...Read More
UPS has been fairly volatile overall in the past yearUnited Parcel Service Inc (NYSE:UPS) had a huge turn in the earnings confessional last quarter, jumping 8.7% the day after reporting. Traders paying attention to UPS again ahead of the company's earnings release before the open tomorrow, Oct. 22, but the options data doesn't suggest there's much optimism around the equity ahead of the event. At...Read More
Another down day for Boeing is keeping the Dow's gains in checkThe Dow Jones Industrial Average (DJI) has traded on both sides of breakeven to start the week, but was last seen modestly higher amid U.S.-China trade optimism. Despite another dismal day for scandal-laden Boeing(BA), the blue-chip index is up after Chinese Vice Premier Liu He reported "substantial progress" on trade talks over the...Read More
RBC upgraded the shares to "outperform"Pinterest Inc (NYSE:PINS) will report third-quarter earnings next Thursday, Oct. 31. Ahead of the event, PINS stock got a boost of confidence from RBC, which upgraded the equity to "outperform" from "sector perform." The analyst also hiked its price target on the shares to $35 from $30, representing expected upside of more than 38% from Friday's close of $25....Read More
Raymond James thinks AAPL could surge 20%A bull note from Raymond James had Apple Inc (NASDAQ:AAPL) trading at a brand-new all-time high of $240.28 today, and it was up 1.5% at $239.90 at last check. The analyst lifted its target price to a Street high of $280 from $250 -- a roughly 20% premium to Friday's close -- foreseeing "more stable near-term conditions"ahead of the company's iPhone 11 and S...Read More
Clive MaundThe normal and natural business cycle where periods of growth were punctuated by healthy recessions has been all but eliminated by government and Central Bank interference. The recessionary phases which saw bearmarkets and retrenchment were a part of the cycle that is essential for the maintenance of a healthy economy, because it involved the correction of excess and the elimination o...Read More
There is still a chance of Brexit by 31st October. This is the reason why cable has not crashed and gold has not zoomed. US-China trade talks will be closely watched as the month progresses. Crude oil and industrial metals will be very volatile. IMF has also said that gold and silver are hedges against inflation. After a long time, silver has been invoked as an inflation hedge. Invest in silver...Read More