People are often not aware of where their most prized devices really come from.Phones, cars, and computers might not seem like the most natural objects. But the metals that make them come from natural processes deep in the earth's crust - processes that have been going on for 3.4 billion years, and continue to this day.Today's visualization comes to us from Foran Mining Corp. and goes in depth to...Read More
What the indexes' recent strength could mean for stocks in the short termAfter a rough fourth quarter of 2018, the stock market has been in rebound mode in 2019. In fact, the Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC) just notched their sixth straight weekly wins -- a feat not accomplished for either index since late 2017. What's more, the strength the Dow and Nasdaq have shown...Read More
OceanaGold Corp. (TSX: OGC; ASX: OGC) says its mines in the Philippines, New Zealand and the U.S. will produce a total of between 500,000 and 550,000 ounces of gold and 14,000 to 15,000 tonnes of copper this year at all-in sustaining costs ranging from US$850 and US$900 per oz. gold sold.In 2018 the company produced 533,300 ounces of gold and 15,000 tonnes of copper at AISCs of US$767 per oz. At H...Read More
OceanaGold Corp. (TSX: OGC; ASX: OGC) says its mines in the Philippines, New Zealand and the U.S. will produce a total of between 500,000 and 550,000 ounces of gold and 14,000 to 15,000 tonnes of copper this year at all-in sustaining costs ranging from US$850 and US$900 per oz. gold sold.In 2018 the company produced 533,300 ounces of gold and 15,000 tonnes of copper at AISCs of US$767 per oz. At H...Read More
OceanaGold Corp. (TSX: OGC; ASX: OGC) says its mines in the Philippines, New Zealand and the U.S. will produce a total of between 500,000 and 550,000 ounces of gold and 14,000 to 15,000 tonnes of copper this year at all-in sustaining costs ranging from US$850 and US$900 per oz. gold sold.In 2018 the company produced 533,300 ounces of gold and 15,000 tonnes of copper at AISCs of US$767 per oz. At H...Read More
Explanation on what has caused this jump on gold, and what is the future for this commodity.Historical overview to explain movements.Reasons why we still are bullish on Gold.It's been two months of intense stress for the financial markets. We assisted at one of the worst December performance in recent history, driven by uncertainty around China and USA trade deals, and some question marks on the B...Read More
Lack of exploration, mine closures and job losses in rural areas inevitable if MCIII is applied to junior minersMining Charter III (MCIII) heaps more pain on South Africa's alluvial diamond producers who already face enormous cost burdens and high risks. This previously productive and successful small or junior diamond mining industry consists of just 180 remaining entrepreneurial mining operators...Read More
Google parent Alphabet is slated to report earnings after the closeThe Dow Jones Industrial Average (DJI) is modestly lower at midday, weighed down by healthcare and energy stocks. Exxon Mobil (XOM) is currently the worst Dow stock, dropping with front-month oil prices, which are down 2.2% at $54.08 per barrel, at last check. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are slightly hig...Read More
Early investors stand to reap the rewards as a new technology looks to change everything.One research firm - which recommended Google and Amazon before they became household names - has built a worldwide reputation of identifying profitable tech trends well before Wall Street and the talking heads on T.V.And just recently, they've uncovered a technology that's already being labeled "humanity's las...Read More
There's reason to believe DIS could find technical support going forwardWalt Disney Co (NYSE:DIS) is preparing to report earnings after the close tomorrow, Feb. 5, and there's notable options data to consider on the Dow component ahead of the event. DIS currently has a Schaeffer's put/call open interest ratio (SOIR) of 1.40, showing put open interest outweighs call open interest among contracts ex...Read More
Africa-focused Firestone Diamonds (LON:FDI) didn't exactly have a bright year in 2018, with its shares down almost 70% to date, and the situation likely to get worse after it reported Monday that production had dropped 13% in the second quarter of its financial year.The company's Liqhobong diamond mine in Lesotho treated 884,252 tonnes of ore in the three months to the end of December 2018 at an...Read More
Africa-focused Firestone Diamonds (LON:FDI) didn't exactly have a bright year in 2018, with its shares down almost 70% to date, and the situation likely to get worse after it reported Monday that production had dropped 13% in the second quarter of its financial year.The company's Liqhobong diamond mine in Lesotho treated 884,252 tonnes of ore in the three months to the end of December 2018 at an...Read More
First Quantum Minerals Ltd. has offered to buy the Zambian government's 20 percent stake in Africa's biggest copper mine for as much as $700 million, according to two people familiar with the transaction.Vancouver-based First Quantum already owns 80 percent of the Kansanshi mine in Zambia's North-Western Province, while state-owned ZCCM Investments Holdings Plc holds the rest. The proposal, which...Read More
The drug met the main goal in two late-stage studiesThe shares of Incyte Corporation (NADSAQ:INCY) were pointed higher in pre-market trading, after the company's experimental atopic dermatitis treatment met the main goal in two late-stage studies. The drug, which is being marketed as Olumiant, was jointly developed with pharma giant Eli Lilly (LLY). However, INCY shares have since turned lower, d...Read More
YELP shares have been gaining since their November bottomYelp Inc (NYSE:YELP) is trading up 2.5% at $38.10 after Goldman Sachs initiated coverage on the review specialist with a "buy" rating and $42 price target. This has YELP stock set for a second consecutive close above the 80-day moving average following two months of trading below the trendline, while the 20-day moving average has been strong...Read More
South Africa's radical leftist Economic Freedom Fighters (EFF) will nationalise all mines by 2023 if elected this year, the party said in its election manifesto launched on Saturday.The party is using an anti-corruption, jobs creation and state control of the economy platform to challenge the governing African National Congress (ANC) in the election expected in May. We cannot postpone the land que...Read More
South Africa's radical leftist Economic Freedom Fighters (EFF) will nationalise all mines by 2023 if elected this year, the party said in its election manifesto launched on Saturday.The party is using an anti-corruption, jobs creation and state control of the economy platform to challenge the governing African National Congress (ANC) in the election expected in May. We cannot postpone the land que...Read More
The company's Jeuveau was approved to treat frown linesThe shares of pharmaceutical concern Evolus Inc (NASDAQ:EOLS) are soaring this morning, after the Food and Drug Administration (FDA) late Friday approved the company's Jeuveau to treat frown lines. The regulatory body back in May declined to approve the Botox rival, but accepted a resubmitted marketing application in August. Out of the gate to...Read More
"Read full newsRead More
Things still look good for gold, but a "devil's advocate" approach is needed.U.S.-China trade war resolution could potentially reverse gold's rally.A conservative money management discipline is, therefore, needed.In the last few months, I've used this report to make the bullish intermediate-term (3-9 months) case for gold. That outlook appears to still be sound based on the weigh...Read More