Comstock Metals Ltd. (TSXV:CSL) (theRead full newsRead More
The March 57.50 call and put are BMY's most active options todayIt's been a volatile stretch for Bristol-Myers Squibb Co (NYSE:BMY), per the stock's 60-day historical volatility of 40.5%, which registers in the 90th annual percentile. Today, one options trader appears to be initiating a long straddle, betting on this wild price action to continue in the near term.Most recently, roughly 150,000 cal...Read More
Mine safety is once again in the spotlight, as an illegal gold mine in Indonesia collapsed, with at least four dead and close to 37 missing.Read full newsRead More
"CEO Interview - Japan Gold (TSX-V: JG) CEO John Proust: Playing a Pivotal Role in Reopening Japan's Gold-mining Industry https://t.co/JVpiIAYKef @japangoldcorp #gold #mining #ceo"Read full newsRead More
Sherritt International's (TSX: S) stock was up Friday, after announcing the company had reached three billion pounds of finished nickel production since operations began at its refinery in Fort Saskatchewan, Alberta.The Fort Saskatchewan refinery was constructed in 1954 and initially processed feed from Sherritt's Lynn Lake mine in Manitoba. Today, the Fort Saskatchewan refinery processes mixed su...Read More
Sherritt International's (TSX: S) stock was up Friday, after announcing the company had reached three billion pounds of finished nickel production since operations began at its refinery in Fort Saskatchewan, Alberta.The Fort Saskatchewan refinery was constructed in 1954 and initially processed feed from Sherritt's Lynn Lake mine in Manitoba. Today, the Fort Saskatchewan refinery processes mixed su...Read More
Jefferies reiterated its Street-high CPRI price target earlierCapri Holdings Ltd (NYSE:CPRI) stock is hot today, after Jefferies added the Michael Kors parent to its "Franchise Picks" list. The brokerage firm said it believes the shares could double -- and reiterated its Street-high $89 price target -- on strong long-term pricing power from the retailer's Jimmy Choo and Versace brands. At last che...Read More
ALLY just pulled back to a historically bullish trendline Ally Financial Inc (NYSE:ALLY) stock has been in rally mode of late -- up roughly 30% from its Dec. 26 low of $20.61. The consumer lending concern is now directly below its year-over-year breakeven and testing a familiar ceiling at the $27.50 area. However, ALLY just sent up a bullish signal that, if history is any indicator, could point t...Read More
The time to invest is now, according to one economist.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and oil's shocking fall in 2016 - years before they happened - has issued a new earth-shattering statement:"Right now, the markets are giving investors a critical window to rapidly boost their retirement savings before the greatest stock market crash in American his...Read More
Solid gains since December 2018 may deter investors from considering a holding in gold at this time, but the upwards trend is likely to continue, and downside risk is low.Our proprietary signal has a good track record and is positive, while speculative activity foresees no imminent reversal. Historical articles on Seeking Alpha indicate that a reversal would be identifiable.Our view is that holdi...Read More
March is starting on a positive note for stocksA tame reading on the Fed-watched personal consumption expenditures (PCE) index and hopes for a U.S.-China trade deal have marketscautiously higher this afternoon. However, lackluster data on U.S. manufacturing and consumer sentiment are keeping stocks' gains in check. The Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are in the black a...Read More
The Peruvian government will likely grant Southern Copper Corp a construction license for its $1.4 billion Tia Maria project before its environmental permit expires in August, the energy and mines minister told Reuters on Thursday.Southern Copper has spent years waiting for the construction license, a final green light for Tia Maria that consecutive governments have declined to give amid fears it...Read More
The Peruvian government will likely grant Southern Copper Corp a construction license for its $1.4 billion Tia Maria project before its environmental permit expires in August, the energy and mines minister told Reuters on Thursday.Southern Copper has spent years waiting for the construction license, a final green light for Tia Maria that consecutive governments have declined to give amid fears it...Read More
SAO PAULO - An underground blast in a gold mine in the Brazilian state of Bahia on Friday killed two workers, Canadian company Leagold Mining Corp said.Leagold investor relations vice-president Meghan Brown said few further details were available, and that the company had started an investigation.Local media in Brazil said three other workers were injured, but not seriously and had been release...Read More
SAO PAULO - An underground blast in a gold mine in the Brazilian state of Bahia on Friday killed two workers, Canadian company Leagold Mining Corp said.Leagold investor relations vice-president Meghan Brown said few further details were available, and that the company had started an investigation.Local media in Brazil said three other workers were injured, but not seriously and had been release...Read More
SQ just pulled back to a trendline with bullish implicationsSquare Inc (NYSE:SQ) had a roller-coaster earnings reaction yesterday, falling to $74.57 at its session low, only to erase those losses and close up 2.4% at $81.24. Although the stock is down 3.5% to trade at $78.08 today, it is trading near a trendline that has historically bullish implications.More specifically, Square stock is trading...Read More
Barrick Gold Corp. has no intention of increasing its hostile offer for Newmont Mining Corp., according to a person familiar with the matter who asked not to be identified because the talks are private.On Monday, Barrick proposed to buy Newmont in an all-share $17.8 billion hostile deal that valued the rival miner's stock at 8% below the prior closing price. Newmont responded that its board would...Read More
GABORONE - Botswana's president on Friday dismissed a report that the country had offered Zimbabwe a $600 million diamond-backed loan and said his government had only offered to guarantee a $100 million private credit line for Botswana companies to invest in their troubled neighbour.Zimbabwe's secretary in the ministry of foreign affairs was quoted in the state-owned Herald newspaper on Tuesday sa...Read More
Gap said it will separate from its Old Navy businessThe shares of Gap Inc (NYSE:GPS) are up nearly 17% at $29.68 in this morning's trading, pacing toward their biggest one-day gain since Nov. 21, 2008, when they popped 27.2%. The surge comes after the company reported a fourth-quarter earnings beat -- though revenue fell slightly short of the consensus estimate -- and revealed plans to spin off i...Read More
Starting in the second segment of his latest interview with Jim Goddard, INK CEO Ted Dixon gives an overview of the outlook for Canadian stocks drawing on the most recent Insights weekly newsletter. Broadly speaking, insiders remain upbeat about their prospects going forward, particularly in the oil patch where stocks have undergone a correction to reflect commodity pricing troubles.He does, howe...Read More