Investors are yanking money out of gold exchange-traded funds as hints of improving global growth and surging stocks lure them into riskier assets.The largest fund in the space, the $32 billion SPDR Gold Shares fund, or GLD, lost more than $671 million of assets this week. And around $153 million was pulled out of the $10 billion VanEck Vectors Gold Miners ETF, ticker GDX, over the last five tradi...Read More
The simplicities of the postwar order have just begun to pass into history...Read full newsRead More
Watch out massively overpaid basketball players: you may be next to get swept away by the great robot revolution.Read full newsRead More
ToledoTrade is offering Schaeffer's VIPs a special introductory offer. The following is a paid advertisement. ToledoTrade may compensate Schaeffer's for referring prospects over to ToledoTrade.Starting today, a special offer with the recently launched online brokerage service, ToledoTrade, is giving Schaeffer's VIPs a special offer, including trades from $1 until 2020... or even at cost!1Why...Read More
The metals company just raised its first-quarter sales forecast to $100 million The shares of DMC Global Inc (NASDAQ:BOOM) are flying today after the metals expert lifted its first-quarter sales forecast to roughly $100 million. The company cited its rapidly growing oilfield products arm, DynaEnergetics, and strong sales from its explosive welding business, NobelClad. As a result, BOOM stock is up...Read More
Upbeat headlines around global trade talks could also be helping semiconductor stocksOne of the biggest analyst notes this morning came out of Nomura Instinet, which initiated coverage on semiconductor stocks Intel Corporation (NASDAQ:INTC) and Advanced Micro Devices (NASDSAQ:AMD) with "buy" recommendations. The brokerage firm says cyclical concerns could put pressure on chipmakers in the near ter...Read More
However, URBN is crossing paths with a historically bearish trendlineClothing giant Urban Outfitters, Inc. (NASDAQ:URBN) is moving higher this morning, after scoring an impressive bull note out of D.A. Davidson. Specifically, the firm upgraded its position to "buy" from "neutral," and tacked on $6 to its $30 price target. The brokerage firm cited strengthening fundamentals, expansion opportunitie...Read More
The pattern suggests the USD will rise into this summer.The pattern in gold and the miners sector suggests lower movement into this summer.We have solid price targets and a number of key clues to suggest when and how we will go long the precious metals mining sector.Analysis and investors alike have grown frustrated by the sectors continued false breakouts. Hold on, it's about to happen again....Read More
The videogame retailer's revenue and current-quarter forecast disapointedIt's another volatile earnings reaction for GameStop Corp. (NYSE:GME), with the shares down 7.8% at $9.31. The stock is reacting to the video game retailer's fourth-quarter revenue miss, while the company also warned of a current-quarter loss on weakening sales and said it would not provide a full-year forecast. This is offse...Read More
Ontario's government is working for the people by supporting tourism in the Thunder Bay region with an investment in six projects, creating 18 new full- and part-time jobs.Today, Greg Rickford, Minister of Energy, Northern Development and Mines, announced an investment of more than $1 million. Projects include: $456,000 for SailSuperior.com Yacht Charter Adventures, a harbour tour operator in Thu...Read More
A short squeeze could help IQ extend its gainsShares of iQIYI Inc (NASDAQ:IQ) are up 0.4% to trade at $24.50 this morning, after the Chinese video streaming service inked a deal to provide in-vehicle entertainment for Ford Motor (F) in its new Sync+ system. The feature will be rolled out in Ford and Lincoln models in China later this year.On the charts, iQiyi stock has added 70% since its Jan. 2...Read More
Following a sharp sell-off last Thursday, gold prices have since stabilised. Last week’s weakness was due, among other things, to the strength of US dollar and renewed risk appetite, which saw US stocks rebound after a small pullback the week before. But as mentioned then, I continue to think that the downside could be limited for gold due mainly to the recent falls in global bond yields and...Read More
Yet another foreign miner in the Democratic Republic of Congo is reviewing its future production plans after the government increased taxes and removed investor safeguards despite industry protests.MMG Ltd., the Chinese-owned copper producer, is considering whether to invest in more expensive methods of mining the metal when existing oxide resources are depleted. It's grappling with the same quand...Read More
Yet another foreign miner in the Democratic Republic of Congo is reviewing its future production plans after the government increased taxes and removed investor safeguards despite industry protests.MMG Ltd., the Chinese-owned copper producer, is considering whether to invest in more expensive methods of mining the metal when existing oxide resources are depleted. It's grappling with the same quand...Read More
Markets PMIs EUR USD Gold Oil Markets buoyed by Sino-US talks and PMI data It's been a strong start to trading on Wednesday and the US looks poised to follow, with futures up around half a percent ahead of the open. The optimism has carried over from Asia where reports of progress in Sino-US trade talks and another strong Chinese PMI reading provided the fuel for Wednesday's...Read More
Saudi Arabian Mining Co. wants to more than double gold output within five years.Maaden, as the state-backed company is known, plans to boost gold output from about 415,000 ounces this year to one million by 2025, Chief Executive Officer Darren Davis said in an interview. That would catapult the oil-rich kingdom from a marginal gold producer to one of the world's top-20 suppliers.Maaden will boost...Read More
Saudi Arabian Mining Co. wants to more than double gold output within five years.Maaden, as the state-backed company is known, plans to boost gold output from about 415,000 ounces this year to one million by 2025, Chief Executive Officer Darren Davis said in an interview. That would catapult the oil-rich kingdom from a marginal gold producer to one of the world's top-20 suppliers.Maaden will boost...Read More
The Financial Times is reporting on encouraging U.S.-China trade progressDow Jones Industrial Average (DJI) futures are trading well above fair value this morning, with traders upbeat ahead of the latest round of U.S.-China trade talks. With Chinese Vice Premier Liu He in Washington D.C. today, the Financial Times is reporting the two sides have made significant progress in negotiations. Traders...Read More
"Nexus Gold CEO Alex Klenman: Significant Mining Potential in Burkina Faso. View the entire interview at https://t.co/bABrWlppvd @NexusGoldCorp #gold #BurkinaFaso #investing https://t.co/gcdiNmhesc"Read full newsRead More
The United States Patent and Trade Mark Office has issued a patent for American Manganese's (TSX.V: AMY) lithium-ion battery cathode material recycling technology.In a press release, the British Columbia-based company indicated that the granting of the patent constitutes a milestone as it provides legal protection of its flagship technology."It is extremely exciting to have the opportunity to pot...Read More