Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. International oil companies (IOCs) are likely to face a Black Swan scenario, which could end up being a boon for state-owned oil companies (NOCs).Increased sharehold...Read More

Gold On Wednesday, gold price ignored the 55 and 200-hour simple moving averages. The price fluctuated around them freely. Meanwhile, the resistance of the 100-hour SMA was still able to push the pair lower.   A decline of the commodity is still expected, as the previous support levels have moved above the price and begun to provide resistance.  Meanwhile, take into account that round pr...Read More

Company returning $13.5B to investorsRead full newsRead More

PLNT has been a long-term outperformer on the chartsShares of Planet Fitness Inc (NYSE:PLNT) are moving higher this morning, after the company last night reported fourth-quarter earnings that surpassed estimates. With earnings coming in at 34 cents per share on $174.4 million in revenue, PLNT was last seen up 6.8% at $60.81. PLNT has been on a long-term uptrend on the charts, having added 63% yea...Read More

* Emergency teams looking for 37 buried by disaster* Spades, ropes used to search muddy hillside for survivors* At least 4 killed, 19 rescued - disaster agency and media* Illegal mine situated in North Sulawesi province* Such mines banned by Jakarta, are prone to mishapsIndonesian authorities on Wednesday ramped up efforts to find 37 people feared buried by the collapse of an illegal gold mine on...Read More

* Emergency teams looking for 37 buried by disaster* Spades, ropes used to search muddy hillside for survivors* At least 4 killed, 19 rescued - disaster agency and media* Illegal mine situated in North Sulawesi province* Such mines banned by Jakarta, are prone to mishapsIndonesian authorities on Wednesday ramped up efforts to find 37 people feared buried by the collapse of an illegal gold mine on...Read More

BBY stock is soaring after a holiday-quarter beat The shares of Best Buy Co Inc (NYSE:BBY) are up 16% at $69.93 today, after the electronics retailer announced fourth-quarter earnings and revenue that beat expectations. The company also issued upbeat guidance and announced a dividend hike. BBY stockis now pacing for its biggest one-day pop since May 2017. BBY stock just bottomed out at an annual...Read More

The Chilean government will actively be seeking investors for 25 new mining projects when it attends the PDAC Convention in Toronto next week. The projects, which include the mining of a variety of metals including copper, gold, lithium and cobalt, will represent an investment of $500 million and are estimated to lead to 1,500 new jobs in the construction phase alone.Chile's Minister of Mining, Ba...Read More

The Chilean government will actively be seeking investors for 25 new mining projects when it attends the PDAC Convention in Toronto next week. The projects, which include the mining of a variety of metals including copper, gold, lithium and cobalt, will represent an investment of $500 million and are estimated to lead to 1,500 new jobs in the construction phase alone.Chile's Minister of Mining, Ba...Read More

South Africa's state-owned power utility refused to renegotiate a coal deal with a mine owned by Glencore Plc's local unit and tried to penalize it for supplying sub-standard fuel, resulting in the operation being placed in bankruptcy protection and being sold, a former head of the business said."It was a stonewall negotiation. It wasn't a discussion, it was a position."The Optimum coal mine suppl...Read More

* 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

* 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