YY stock was trading near key technical levels in early JanuarySubscribers to Schaeffer's Weekly Volatility Trader doubled their money with the YY Inc (NASDAQ:YY) January 2019 64-strike straddle. Here's a quick look at why we expected an outsized move from the Chinese social media stock, and how the profitable options trade unfolded.A straddle is an attractive options strategy to play when a stock...Read More
Endeavour Mining (TSE: EDV; US-OTC: EDVMF) produced 52% more gold in 2018 than it did in 2017, exceeding the upper end of its full year guidance.The company produced 612,000 oz. gold in 2018, up from 403,000 oz. gold the year before; it had estimated producing no more than 590,000 oz. gold in 2018.At the same time, Endeavour's all-in sustaining costs (AISC) fell 4% in 2018 to $745 per oz. gold com...Read More
Endeavour Mining (TSE: EDV; US-OTC: EDVMF) produced 52% more gold in 2018 than it did in 2017, exceeding the upper end of its full year guidance.The company produced 612,000 oz. gold in 2018, up from 403,000 oz. gold the year before; it had estimated producing no more than 590,000 oz. gold in 2018.At the same time, Endeavour's all-in sustaining costs (AISC) fell 4% in 2018 to $745 per oz. gold com...Read More
Canada Goose stock is looking at one of its worst days ever after a downgradeCanada Goose Holdings Inc (NYSE:GOOS) is pacing for one of its worst days ever, after the winter apparel concern was cut to "market perform" from "outperform" at Wells Fargo. The analyst note called out GOOS' multinational exposure as a risk, noting that the stock is moreexpensive compared to right after the company went...Read More
Minespider, a blockchain startup for responsible mineral sourcing, announced today that Michelle Ash will be joining their advisory board. Ash was the former Chief Innovation Officer at Barrick Gold, the world's largest gold company, and has over twenty years of industry experience, including key roles at BHP Billiton Mitsubishi Alliance, Acacia Mining, and GMG.With major pilot programs in the pip...Read More
South Africa gains some stability before 2019 elections but former hope Zimbabwe hits crisis againRead full newsRead More
It's a volatile day on Wall Street The Dow Jones Industrial Average (DJI) has spent time on both sides of breakeven today, but was last seen lower, following comments made by Commerce Secretary Wilbur Rossregarding U.S.-China trade relations. In addition, traders remain anxious about the government shutdown, with Senate votes on a pair of bills expected to fail. Elsewhere, comments from European...Read More
China is expected to report the slowest economic growth in 28 years this week.Read full newsRead More
Appetite growing for the precious metal, not just from investors but also central banks, which have been net buyers since 2010.The number of ounces in major gold discoveries has been falling for years, and exploration budgets are still far below the 2012 peak.CIBC raised its gold price forecast this year to $1,350 an ounce, up from $1,300. The bank is also looking for $1,400 an ounce in 2020. Bill...Read More
"The world's biggest lithium ion battery plants 1 Tesla2 LG3 CATL4 CATL5 LG 6 LG7 BYD8 Funeng9 Panasonic 10 BYD Subscribe to @benchmarkmin Megafactory Assessment now > https://t.co/ajWevEg2wS"Read full newsRead More
Since middle December 2018, Detour Gold is run by new management.A few days ago the new management team released production guidance for 2019.At first sight this guidance looks pretty gloomy but, in my opinion, the bigger picture is not that bad.For example, I think that an all-in sustaining cost of production planned for 2019 is a bit overestimated.I share the investors' optimism pushing Deto...Read More
Vancouver, BC - Graphite One Resources Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company") announces that it is in the process of implementing an important next step in its corporate strategy to create an integrated graphite products company intended to create value to its shareholders. The Company intends to proceed with a name change to "Graphite One Inc." It is also announc...Read More
Coal exports from Grupo Prodeco's port in Colombia are proceeding normally despite the possibility that a small group of unionized workers may vote to strike over pay and labor conditions, the company said on Thursday.Prodeco, a subsidiary of Switzerland's Glencore, is the third-largest producer of thermal coal in the Andean country.Only three of the 115 workers at the Puerto Nuevo port are member...Read More
The Dow stock has pulled back to a trendline with bearish implicationsBlue chip construction concern Caterpillar Inc. (NYSE:CAT) is as trade-sensitive as they come, and the stock could be volatile next week during high-level U.S.-China trade talks-- especially following this morning's discouraging comments from Commerce Secretary Wilbur Ross. Putting added pressure on CAT is its fourth-quarter...Read More
The reasons behind the block are a mystery...Read full newsRead More
Saudi Arabia isn't buying the peak oil demand narrative.OPEC's largest producer continues to expect global oil demand to keep rising at least by 2040 and sees itself as the oil producer best equipped to continue meeting that demand, thanks to its very low production costs.Saudi Arabia will be the one to pump the last barrel of oil in the world, but it doesn't see the 'last barrel of oil' being pum...Read More
This stunning research revealed by the former hedge-fund who predicted the last NASDAQ crash could have some Americans thinking twice before hoarding cash.Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is go...Read More
Indonesia, the world's top exporter of palm oil, has issued new rules requiring exporters of natural resources to receive earnings in the local banking industry, among new measures Jakarta announced last year to support the then falling rupiah.The rupiah hit its weakest since the 1998 Asian financial crisis in October 2018 due to capital outflows linked to rising U.S. interest rates, the U.S.-Chin...Read More
Indonesia, the world's top exporter of palm oil, has issued new rules requiring exporters of natural resources to receive earnings in the local banking industry, among new measures Jakarta announced last year to support the then falling rupiah.The rupiah hit its weakest since the 1998 Asian financial crisis in October 2018 due to capital outflows linked to rising U.S. interest rates, the U.S.-Chin...Read More
PANW is already up more than 10% year-to-datePalo Alto Networks Inc (NYSE:PANW) has gotten off to a great start to 2019, and that strength is continuing today thanks to another round of bullish analyst attention. Wedbush upgraded the cybersecurity stock to "outperform" from "neutral" and boosted its price target to $265 from $225, saying conversations with those close to the company have allayed f...Read More