Gold futures settled above $1,300 an ounce on Friday, with prices for the yellow metal at their highest since June as the U.S. dollar pulled back and investors eyed geopolitical turmoil and global growth worries. Rising gold prices reflect "political uncertainty" in the U.S., Eurozone, Venezuela and pockets of South America, as well as China-U.S. trade talks, said George Gero, managing director at...Read More
This update corrects the contract reference for gold to April, which has higher open interest volume than the February contract. AFP/Getty Images Gold futures for April delivery settled above $1,300 an ounce on Friday, with prices for the yellow metal at their highest since June as the U.S. dollar pulled back and investors eyed geopolitical turmoil and global growth worries. Rising gold prices ref...Read More
SIRF suggests the drug maker is "exploiting gaps" in the U.S. healthcare systemThe shares of drugmaker Corcept Therapeutics Incorporated (NASDAQ:CORT) are lower today, as traders digest a scathing report from the Southern Investigative Reporting Foundation (SIRF). In a nutshell, the report says Corcept epitomizes what's wrong with the U.S. healthcare system, laying out a case that the "small compa...Read More
A small number of workers at Grupo Prodeco's port in Colombia have voted down a proposed strike, the union which held the vote said on Friday, adding that only eight out of 115 workers voted.Prodeco, a subsidiary of Switzerland's Glencore, is the third-largest producer of thermal coal in the Andean country.The company pressured workers not to participate in the vote, union head Aldo Amaya said, ad...Read More
Pacific Bay Minerals (TSXV: PBM) has extended the Meteor Boot zone 20 metres southeast at its Haskins-Reed polymetallic project in northern B.C. with a recent, seven hole, 448 metre drill program.The company tested targets near the Meteor zone, where 2011 drilling cut 17.5 metres grading 88.35 grams silver, 1.11% lead and 3.39% zinc.Highlights from the company's recent drill program include 5.2 me...Read More
Pacific Bay Minerals (TSXV: PBM) has extended the Meteor Boot zone 20 metres southeast at its Haskins-Reed polymetallic project in northern B.C. with a recent, seven hole, 448 metre drill program.The company tested targets near the Meteor zone, where 2011 drilling cut 17.5 metres grading 88.35 grams silver, 1.11% lead and 3.39% zinc.Highlights from the company's recent drill program include 5.2 me...Read More
Bedford-based RosCan Gold (TSXV: ROS) announced this week positive assay results from an initial Air Core drilling program at its Kandiole project in western Mali.The project is comprised of five permits of contiguous land in the Birimian Rocks, east of B2Gold's Fekola mine and Iamgold's Boto and Diakha deposits.In a press release, RosCan said that the drilling program was completed in December 20...Read More
Bedford-based RosCan Gold (TSXV: ROS) announced this week positive assay results from an initial Air Core drilling program at its Kandiole project in western Mali.The project is comprised of five permits of contiguous land in the Birimian Rocks, east of B2Gold's Fekola mine and Iamgold's Boto and Diakha deposits.In a press release, RosCan said that the drilling program was completed in December 20...Read More
Bedford-based RosCan Gold (TSXV: ROS) announced this week positive assay results from an initial Air Core drilling program at its Kandiole project in western Mali.The project is comprised of five permits of contiguous land in the Birimian Rocks, east of B2Gold's Fekola mine and Iamgold's Boto and Diakha deposits.In a press release, RosCan said that the drilling program was completed in December 20...Read More
Swiss bank chief Sergio Ermotti has warned that financial liquidity in global markets should not be assumed. Speaking on the same Davos panel J.P. Morgan's asset and wealth management chief said a lack of liquidity is "what we all worry about."David Reid| @cnbcdavyPublished 12 Hours AgoUpdated10 Hours AgoCNBC.com show chapters Liquidity can freeze very quickly: UBS CEO 6:49AM...Read More
Trade, earnings, and politics dominated headlines this weekTraders had a ton to digest this week, especially considering it was cut a day short for the Martin Luther King Jr. holiday on Monday. Fourth-quarter earnings season was in full swing, but constant buzz around U.S.-China relations, the government shutdown, and the Fed kept shifting Wall Street's attention seemingly hour to hour. As of this...Read More
Canada's Mirasol Resources (TSX-V: MRZ) announced that it has signed an option to purchase agreement which would allow it to complete the consolidation of the Sascha - Marcelina low sulfidation epithermal Au-Ag district in the Santa Cruz province of southern Argentina.In a press release, Mirasol explained that under the terms of the agreement, it can acquire 100% of the Marcelina claims from a pri...Read More
Canada's Mirasol Resources (TSX-V: MRZ) announced that it has signed an option to purchase agreement which would allow it to complete the consolidation of the Sascha - Marcelina low sulfidation epithermal Au-Ag district in the Santa Cruz province of southern Argentina.In a press release, Mirasol explained that under the terms of the agreement, it can acquire 100% of the Marcelina claims from a pri...Read More
Canada's Mirasol Resources (TSX-V: MRZ) announced that it has signed an option to purchase agreement which would allow it to complete the consolidation of the Sascha - Marcelina low sulfidation epithermal Au-Ag district in the Santa Cruz province of southern Argentina.In a press release, Mirasol explained that under the terms of the agreement, it can acquire 100% of the Marcelina claims from a pri...Read More
GOLD continues to trade below key resistance at 1,298.55 as it remains in consolidation mode. On the downside, support comes in at the 1,280.00 level where a break will turn attention to the 1,270.00 level. Further down, a cut through here will open the door for a move lower towards the 1,260.00 level. Below here if seen could trigger further downside pressure targeting the 1,250.00 level. Convers...Read More
WSJ: The Fed's balance sheet unwind could end sooner than expectedWith an end hopefully in sight for the now record-breaking government shutdown, and after upbeat comments about U.S.-China trade negotiations from Treasury Secretary Steven Mnuchin, the Dow Jones Industrial Average (DJI) is up more than 200 points -- now pacing for its fifth consecutive weekly win, and its longest weekly win streak...Read More
On Wednesday morning, a rocket blasted off from Blue Origin's West Texas facility in West Texas, carrying eight NASA experiments into space with it.Climbing past an altitude of 350,000 feet (over 100 kilometers), the New Shepard rocket launched its capsule, from which the company founded by Amazon CEO Jeff Bezos plans to conduct space tourism. Blue Origin tweeted that it plans to begin flying huma...Read More
Ontario electricity consumers will benefit from about $200 million in cost savings from operational efficiencies at Bruce Power, putting more than $5 million per month into consumers' pockets over the next three years.Provisions built into the Bruce Power Refurbishment Implementation Agreement with the Independent Electricity System Operator (IESO) ensure that the people of Ontario benefit from an...Read More
Citrix Systems stock gapped lower post-earnings yesterdayCitrix Systems, Inc (NASDAQ:CTXS) gapped lower yesterday, Thursday, Jan. 24, in the wake of a subpar quarterly report. This triggered three price-target cuts to the software name, including to $110 from $115 at Wedbush. However, it's not all bad news: that drop has put CTXS in touch with a trendline with historically bullish implications....Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More