* U.N. meeting in Jamaica to work on deep sea mining law* China holds most licences, Belgium has technological edge* DeepGreen has partnership with Denmark's Maersk* DEME unit Global Sea Mineral Resources tests technologyBelgian group DEME and Canada's DeepGreen are carrying out tests and research to collect nodules containing copper, cobalt and other minerals from the ocean floor, as a race to mi...Read More
The March 30 put was bought to open earlier this monthThe shares of Weight Watchers International, Inc. (NASDAQ:WTW) are bracing for a big drop out of the gate, after the weight loss specialist's disappointing earnings report was met with a round of bearish brokerage notes. And even news major stakeholder Oprah Winfrey will take a key role in the company's upcoming marketing campaign can't save th...Read More
MYL was trading near a historically bearish trendline heading into todayThe shares of Mylan NV (NASDAQ:MYL) are down 10% in electronic trading, after the EpiPen producer reported adjusted fourth-quarter profit of $1.30, falling short of analysts' $1.36 per share estimate. The drugmaker's 2019 profit forecast also was beneath expectations, prompting five price-target cuts, including one to $36 fro...Read More
Fed Chair Jerome Powell will testify in front of Congress once againDow Jones Industrial Average (DJI) futures are lower again today, amid a summit between President Donald Trump and North Korean leader Kim Jong Un in Vietnam, with the leaders attempting to resolve gridlock over Pyongyang's nuclear weapons. In addition, Wall Street is watching escalating tensions between Pakistan and India, after...Read More
GW Pharmaceuticals posted strong fourth-quarter revenueGW Pharmaceuticals PLC (NASDAQ:GWPH) is trading up 12.5% before the open, as investors applaud the cannabidiol treatment expert's fourth-quarter results, which featured a 67% increase in revenue. In response, J.P. Morgan Securities and Stifel raised their respective price targets for GWPH stock to $180 and $191. Most analysts are already bulli...Read More
Chile's Codelco, the world's No. 1 copper producer, plans to kick off underground operations at its century-old Chquicamata mine by mid-year, chairman Juan Benavides said Wednesday.The $4.9 billion-switch, part of Codelco's 10-year, $39 billion-overhaul of its core mines, is expected to extend the mine's life by at least 40 years. This will allow the copper giant keep production rates, despite f...Read More
• A modest USD rebound/US-China trade optimism prompts some fresh selling. • Downside remains limited on the back of Powell’s overnight dovish message. • Today’s release of US durable goods orders eyed for some short-term impetus. Gold traded with a mild negative bias through the early European session on Wednesday,...Read More
The S&P is pacing toward its fifth 10%+ two-month gain since 1950Stocks have gotten off to a fast start this year. The last time the S&P 500 Index (SPX) was up this much before the end of February was 1987, which is otherwise known as the year of Black Monday. Do fast starts like this tend to be vulnerable to sharp pullbacks? This week, I'm looking back at other instances where stocks shot higher...Read More
NUGT-- has pressed closer towards my optimal long re-entry window around 20.00 (see attached chart), but as of this moment, my pattern work argues that NUGT still has unfinished business on the downside ahead of my expectation of the emergence of a new upleg. With the foregoing in mind, the question is how close to the prior pivot low at 18.92 (2/14/19) will NUGT press in the upcoming hours? I wil...Read More
TerraX Minerals (TSXV: TXR) announced that the Mackenzie Valley Land and Water Board in Yellowknife, Canada, issued a Land Use Permit that approves the company's exploration plan on all the land holdings of its Yellowknife City Gold property.The new permit, effective until January 2024 and extendible to 2026, replaces two previous ones that covered a smaller area. It also provides for water usage...Read More
TerraX Minerals (TSXV: TXR) announced that the Mackenzie Valley Land and Water Board in Yellowknife, Canada, issued a Land Use Permit that approves the company's exploration plan on all the land holdings of its Yellowknife City Gold property.The new permit, effective until January 2024 and extendible to 2026, replaces two previous ones that covered a smaller area. It also provides for water usage...Read More
TerraX Minerals (TSXV: TXR) announced that the Mackenzie Valley Land and Water Board in Yellowknife, Canada, issued a Land Use Permit that approves the company's exploration plan on all the land holdings of its Yellowknife City Gold property.The new permit, effective until January 2024 and extendible to 2026, replaces two previous ones that covered a smaller area. It also provides for water usage...Read More
* LME copper stocks near 10-year lows * Zinc stocks at lowest since 2007 (Updates with closing prices)By Pratima DesaiLONDON, Feb 27 (Reuters) - Copper rose on Wednesday asexpectations of strong demand growth from top consumer Chinaboosted sentiment, but the rally was capped by strong technicalresistance at eight-month highs.Benchmark copper on the London Metal Exchange closedup 0.2 percent at $6,...Read More
How you can transform lagging indicators into leading indicators.Despite the strong January kick-start to 2019, many investors are still apprehensive of what's to come, especially considering some of the latest market-moving events -- think Fed policy announcements, U.S.-China trade negotiations, and earnings season, to start.While it's certainly no crystal ball, becoming familiar with the various...Read More
Exyn Technologies and Dundee Precious Metals (TSX:DPM) announced this week that they have joined forces to automate the latter's underground gold mining operations.The first step to achieving such a goal was that Exyn's Autonomy Aerial Robots or A3Rs were made commercially available, a development that took place in the past days.According to the tech company, A3Rs comprise a fully autonomous aeri...Read More
Exyn Technologies and Dundee Precious Metals (TSX:DPM) announced this week that they have joined forces to automate the latter's underground gold mining operations.The first step to achieving such a goal was that Exyn's Autonomy Aerial Robots or A3Rs were made commercially available, a development that took place in the past days.According to the tech company, A3Rs comprise a fully autonomous aeri...Read More
Exyn Technologies and Dundee Precious Metals (TSX:DPM) announced this week that they have joined forces to automate the latter's underground gold mining operations.The first step to achieving such a goal was that Exyn's Autonomy Aerial Robots or A3Rs were made commercially available, a development that took place in the past days.According to the tech company, A3Rs comprise a fully autonomous aeri...Read More
Exyn Technologies and Dundee Precious Metals (TSX:DPM) announced this week that they have joined forces to automate the latter's underground gold mining operations.The first step to achieving such a goal was that Exyn's Autonomy Aerial Robots or A3Rs were made commercially available, a development that took place in the past days.According to the tech company, A3Rs comprise a fully autonomous aeri...Read More
Rio Tinto's (ASX, LON:RIO) investors will be celebrating Christmas in February, as the miner is giving them a $4 billion special dividend, or $2.43 cent a share, after posting its highest annual underlying earnings since 2014.The world's second largest miner reported Wednesday a 2% increase in underlying profit, up to $8.8 billion, beating market forecasts of $8.5 billion on the back of rising rev...Read More
A free tool can help traders bank big during the upcoming earnings season. Too many investors let their portfolios slip during the busy holiday season, but this is a huge mistake... especially with the market moving events just around the corner!With the crazy market action investors have been seeing lately, right now is the time to prepare to bank big wins.It's important for investors to positio...Read More