* No talks between Trump and Xi before March trade deadline * Speculators target zinc after breached technical level* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, Feb 11 (Reuters) - Zinc slumped to a two-week low onMonday falling along with other industrial metals as speculatorssold in response to concerns about U.S.-China trade talks andglobal growth.China expres...Read More

* Eskom cuts 4,000 MW from national grid* Test for Ramaphosa months before election* Rand currency, Eskom dollar bonds slump* Eskom board says to audit power system (Updates after Eskom board statement)South Africa's Eskom implemented the most severe power cuts in years on Monday after seven generating units unexpectedly went offline, underscoring the challenge President Cyril Ramaphosa faces to f...Read More

One name was double-upgraded to "buy" at Goldman SachsGoldman Sachs issued a double upgrade for Avis Budget Group Inc. (NASDAQ:CAR) to "buy" from "sell," and lifted its price target to $35 from $30 -- a 36% premium to Friday's close. The brokerage firm said CAR stock "looks attractive for mean reversion," as headwinds to the sector "appear priced in."In reaction, Avis Budget shares are up 7.2% tod...Read More

With significant mining, milling and tailings infrastructure already in place, pre-production capital costs for Pure Gold Mining's (TSXV: PGM) Madsen project in Red Lake should not exceed $94.7 million, including a 9% contingency, a feasibility study reports.Total life of mine capex including closure costs for the underground mine are expected to come in at $327 million. Madsen is one of the high...Read More

With significant mining, milling and tailings infrastructure already in place, pre-production capital costs for Pure Gold Mining's (TSXV: PGM) Madsen project in Red Lake should not exceed $94.7 million, including a 9% contingency, a feasibility study reports.Total life of mine capex including closure costs for the underground mine are expected to come in at $327 million. Madsen is one of the high...Read More

With significant mining, milling and tailings infrastructure already in place, pre-production capital costs for Pure Gold Mining's (TSXV: PGM) Madsen project in Red Lake should not exceed $94.7 million, including a 9% contingency, a feasibility study reports.Total life of mine capex including closure costs for the underground mine are expected to come in at $327 million. Madsen is one of the high...Read More

Activision stock is down on layoff reports expected to affect hundreds of employees The shares of Activision Blizzard, Inc. (NASDAQ:ATVI) are down 5% at $41.23 in early market trading after Bloomberg reported that the video game giant is planning on announcing a round of layoffs. The cuts -- which could potentially affect hundreds of employees -- are a response to a slowdown in sales and an attemp...Read More

The options market is pricing in a giant earnings move for UAA Under Armour Inc (NYSE:UAA) stock jumped 27.7% the day after earnings back in October, part of its streak of four consecutive quarters of post-earnings gains, including a 17.4% pop this quarter last year. The shares will try to keep the ball rolling following the company's earnings release tomorrow morning, and the options market is pr...Read More

SEMAFO (TSX: SMF; US-OTC: SEMFF) has tabled a maiden resource for the Bantou gold zone, located about 170 km south of its Mana gold mine in Burkina Faso, totaling 2.1 million inferred tonnes grading 5.35 grams gold for 361,000 oz. gold.Highlights from the Bantou Proximal zone include 5.21 grams gold over 11 metres from 62 metres downhole and 7.35 grams gold over 3 metres from 95 metres downhole.S...Read More

SEMAFO (TSX: SMF; US-OTC: SEMFF) has tabled a maiden resource for the Bantou gold zone, located about 170 km south of its Mana gold mine in Burkina Faso, totaling 2.1 million inferred tonnes grading 5.35 grams gold for 361,000 oz. gold.Highlights from the Bantou Proximal zone include 5.21 grams gold over 11 metres from 62 metres downhole and 7.35 grams gold over 3 metres from 95 metres downhole.S...Read More

Is it time to prepare for the next financial crisis?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 going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More

SEMAFO (TSX: SMF; US-OTC: SEMFF) has tabled a maiden resource for the Bantou gold zone, located about 170 km south of its Mana gold mine in Burkina Faso, totaling 2.1 million inferred tonnes grading 5.35 grams gold for 361,000 oz. gold.Highlights from the Bantou Proximal zone include 5.21 grams gold over 11 metres from 62 metres downhole and 7.35 grams gold over 3 metres from 95 metres downhole.S...Read More

Aurelius Value said traders are paying a "blue sky" premiumThe shares of Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) got knocked lower this morning, after Aurelius Value said it's short the stock. The report calls out the newly unsealed details of "one of the most expansive and detailed whistleblower writings we have come across," which claims the company "relied on illegal sales tactics and even out...Read More

In my article last month on Barrick Gold, I discussed how the early January sell-off was expected, and it was a great opportunity to rebuy. Since then, the stock has returned 15%.The catalyst for GOLD will continue to be the rapid reduction in net debt as well as the exceptional cash flow generation from its portfolio of high-margin gold assets.We have two important price levels to watch, and the...Read More

Gold trades inversely to real interest rates, the opportunity cost of holding the metal over cash/short-term bonds.Real interest rates have peaked and are trending lower.The best scenario for gold is a situation of lower interest rates and rising inflation, thus lower real interest rates.A Regime Change For Gold Over the past several weeks, there has been a regime change for the price of gold whic...Read More

In our market report this morning, we suggested that a correlation had emerged between copper and the price of crude with copper being the leader. That observation is courtesy of Ross Clark from ChartsandMarkets.com who explained what he is seeing in his latest weekly update on This Week in Money.Click to listen to Ross Clark in the opening segment The ears of oil patch investors should perk up...Read More

"Mine development is becoming ever more risky. Download a free excerpt from the 2018 #MJWorldRiskReport https://t.co/gV4bbazgHc and safeguard your investments #mining #finance #investment #risk"Read full newsRead More

...the discovery could hold 1 billion barrels of oil equivalent of gas and condensate resources...Read full newsRead More

Tesla stock is higher after an upgrade to "buy"Dow Jones Industrial Average (DJI) futures are signaling again out of the gate, as the trade-related pessimism that plagued stocks last week has abated.Advisors to President Donald Trump have reportedly talked about a mid-March meeting with Chinese President Xi Jinping, after last week Trump said a meeting between the two leaders likely wouldn't happe...Read More

Loop Capital also targeted 22% downside for BBBY stockLoop Capital downgraded Bed Bath & Beyond Inc. (NASDAQ:BBBY) to "sell" from "hold," and cut its price target to $12 from $13. The brokerage firm called BBBY stock's recent gains "unwarranted," and said the home goods retailer's 2019 fiscal guidance is "unrealistic." Further, Loop Capital noted, "BBBY shareholders are unlikely to be 'bailed out...Read More