Traders must watch FDN's progress around its 200-day trendline over the next few sessionsThe FANG stock-loaded First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) is entering a historically bullish month, according to data from Schaeffer's Senior Quantitative Analyst Rocky White. Over the past 10 years, FDN has emerged as the top exchange-traded fund (ETF) performer during the month of Februa...Read More
Executives, investors and government officials met in Cape Town at the African Mining Indaba, the continent's biggest gathering of one of its most essential industries.Key developments:Tailings dams in focus. All the big miners spoke about wanting to ensure the safety of their dams after the Vale's disaster in Brazil. Anglo American gave a surprising prediction that it wants to reach a point where...Read More
Executives, investors and government officials met in Cape Town at the African Mining Indaba, the continent's biggest gathering of one of its most essential industries.Key developments:Tailings dams in focus. All the big miners spoke about wanting to ensure the safety of their dams after the Vale's disaster in Brazil. Anglo American gave a surprising prediction that it wants to reach a point where...Read More
Executives, investors and government officials met in Cape Town at the African Mining Indaba, the continent's biggest gathering of one of its most essential industries.Key developments:Tailings dams in focus. All the big miners spoke about wanting to ensure the safety of their dams after the Vale's disaster in Brazil. Anglo American gave a surprising prediction that it wants to reach a point where...Read More
Wall Street may experience a post-Super Bowl hangover todayU.S. stock futures are pointing to a muted open for today's post-Super Bowl session. Dow Jones Industrial Average (DJI) futures are trading below fair value after another weekly win, and Nasdaq-100 Index (NDX) futures are also weak ahead of earnings from Google parent Alphabet (GOOGL), due out after the close. On the data front, factory o...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
Newly released CoT data shows VIX futures players went net long at just the wrong time"...the sentiment landscape suggests there is fuel to push the market higher. That said, a slew of potential technical resistance levels remain overhead, so be cognizant of these levels to appropriately assess risk. Multiple uncertainties continue to linger -- including the shutdown, as the bill signed by Trump o...Read More
• The USD builds on Friday’s post-data rebound and continues exerting pressure. • US-China trade optimism dent safe-haven demand and add to the selling bias. • Comments by a slew of FOMC members might provide a fresh directional impetus. Gold extended last week's retracement slide from near nine-month tops and remained...Read More
Rio Tinto's BC Works aluminum smelter and Kemano power operations have been certified by the Aluminium Stewardship Initiative (ASI). This is the highest internationally recognized standard for environmental, social and governance practices.All of Rio Tinto's aluminum operations in Canada are now ASI certified. That makes the company the only one that sells ASI certified aluminum through a chain of...Read More
Vancouver-based Lithium Energy Products (TSX-V: LEP) announced that it entered into a Binding Letter of Intention with American Strategic Minerals to acquire 100% of its assets, including the Lost Sheep fluorite mine in Juab County, Utah.In a press release, LEP explained that this arm's length acquisition will include 51 claims of US federal land, and 640 acres of State land, covering a total land...Read More
A Brazilian court has ordered mining giant Vale (NYSE:VALE) to halt operations at its Brucutu iron ore mine, the largest in Minas Gerais state, following last month's tailings dam disaster at Brumadinho, which left at least 134 dead.The veredict, quoted by O Globo, one of the most respected Brazilian publications, includes an injunction that bans Vale from storing tailings in the Laranjeiras dam...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 position...Read More
Central banks bought the largest amount of gold in 2018 since 1967.The Fed has turned more dovish recently.While the global economy is slowing, the U.S. economy remains relatively strong, but there are causes for concern.The managed money positioning has come off the most extreme levels but has yet to fully reverse.Overview I have written several articles on the economy and the Fed recently, but I...Read More
(Updates prices) * Gold stuck in range of $1,300 to $1,325/oz - analyst * SPDR gold holdings slip 0.8 percent on FridayBy K. Sathya NarayananFeb 4 (Reuters) - Gold prices slipped to their lowest innearly a week on Monday as the dollar and global equities firmedon the back of upbeat economic data from the United States.Spot gold was down 0.5 percent at $1,311.25 per ounceat 1320 GMT, having hit $1,...Read More
* FTSE 100, FTSE 250 both up 0.2 pct * Ryanair weak after Q3 report* Ferrexpo worst mid-cap faller (Updates to closing prices, adds PMI data)Feb 4 (Reuters) - London's blue-chip stocks climbed to theirhighest in more than two months on Monday as gains in oil sharesand consumer staples offset deep losses in miners, while airlineRyanair slumped after a disappointing quarterly report.The FTSE 100 ind...Read More
Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD), the world's top bullion producer by volume has entered into a 50-50 strategic alliance with fellow junior miner Reunion Gold (TSX-V:RGD), to jointly explore for and develop projects on South America's North Atlantic coast.The deal allows Barrick to tighten its grip on four of the Guyana-based projects Reunion already owns - Waiamu, Aremu, Arawini and O...Read More
Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD), the world's top bullion producer by volume has entered into a 50-50 strategic alliance with fellow junior miner Reunion Gold (TSX-V:RGD), to jointly explore for and develop projects on South America's North Atlantic coast.The deal allows Barrick to tighten its grip on four of the Guyana-based projects Reunion already owns - Waiamu, Aremu, Arawini and O...Read More
Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD), the world's top bullion producer by volume has entered into a 50-50 strategic alliance with fellow junior miner Reunion Gold (TSX-V:RGD), to jointly explore for and develop projects on South America's North Atlantic coast.The deal allows Barrick to tighten its grip on four of the Guyana-based projects Reunion already owns - Waiamu, Aremu, Arawini and O...Read More
* Coordinated move comes after election ultimatum * Opposition head declared himself interim president * Major EU nations join Trump's stance against Maduro * Russia accuses EU of foreign meddling, Italy divided (Adds Estonia, edits)By Gabriela Baczynska and Jose El?-as Rodr?-guezBRUSSELS/MADRID, Feb 4 (Reuters) - Major European nationsjoined the United States in recognising opposition leader Juan...Read More
REVIEW AND PREVIEW The U.S. economy added 304,000 jobs in January, according to data released by the Bureau of Labor Statistics. The report follows a 35-day U.S. government shutdown. It also marks the 100th straight month of jobs growth. However, the report also included a sharp downward revision of December’s jobs gains. January’s wages also grew at a much slower-than-expected pace. &...Read More