• The precious metal stalled its post-NFP sharp retracement slide from 6-1/2 month tops and managed to find decent buying interest near 200-hour SMA. • A subsequent move beyond 100-hour SMA was seen as a key trigger for bullish traders, with the commodity now trying to form a base above 50-hour SMA. • Technical indicators on t...Read More
SANTIAGO - Chile's environmental regulator on Monday approved a $25 million compliance plan by top lithium producer SQM SA, ending a multi-year investigation by Chilean authorities that found the miner had overdrawn lithium-rich brine from the Atacama salt flat.The 18-month remediation plan includes a new online system to monitor SQM's extraction rates of both brine and fresh water from beneath th...Read More
Stop picking losers with this strategy used by the richest investors.Forget P/E ratios and earnings per share...Forget the advice to "buy what you know" (no matter what Warren Buffett says)...Forget everything you think you know about picking stocks...The world's richest investors don't pay attention to any of that stuff. They know none of those factors impact the direction a stock's price is abou...Read More
I advised investors to buy Gold when it was trading at 1,217 in October, with a take profit target of 1,300. Last week, Gold hit highs of around 1,298.Macro developments should continue to be supportive of Gold prices, as well as a more accommodative Federal Reserve policy.Wait for a retracement in XAU/USD to 1,240-1,250 to enter Gold. The VIX Index remains at elevated levels, which means the mark...Read More
Pancontinental Resources Corporation ("Pancon") (TSXV:PUC) (Read full newsRead More
The shares have been trending lower since AugustThe shares of DowDuPont Inc (NYSE:DWDP) were trading near $72 in late August, before falling all the way down to the $51.32 by Oct. 26. A rebound from here quickly stalled out near DWDP's 40-day moving average, and the shares found their way to a record low of $48.89 on Dec. 26. The equity has since rallied back up to this key trendline, and history...Read More
HighService Service team on siteMetso has agreed to acquire HighService Service, the service business of the Chilean mining technology and maintenance provider HighService Corp.HighService Service is a high-quality service provider for the mining industry, with operations in Chile, Argentina and Brazil. Its sales in the fiscal year 2017 were 60 million euros and it has 1,300 employees."The acquisi...Read More
Healthcare stocks are in focus amid a big industry conference and M&A newsThe Dow Jones Industrial Average (DJI) is moving cautiously higher today, as stocks look to extend Friday's Fed-led rally. U.S.-China trade relations are still in the spotlight, as leaders meet this week to discuss a possible agreement. FAANG stocks Netflix (NFLX) and Amazon (AMZN) are among the notable gainers today, with t...Read More
In response to customer requests, Sandvik Mining and Rock Technology is expanding its Ranger?,,? DX series of surface top hammer drill rigs with two non-cabin Ranger?,,? DXR versions for improved safety in the toughest quarry and construction applications.Ranger DX series of surface top hammer drill rigs, suited for construction applications, quarries and open pit mines is now expanded with two ne...Read More
Tesla options have been popular in recent weeks Tesla Inc (NASDAQ:TSLA) made headlines today after the company broke ground at its Shanghai gigafactory, where it plans to produce its Model 3 vehicle by the end of the year. At the same time, Barclays chimed in on the stock, noting that any falloff in Model 3 U.S. delivery numbers could be offset by strong European sales, though it kept its bearish...Read More
In the largest coal-producing state in the U.S., a Hitachi EX2500-6 carries a heavy workload at Peabody's Rawhide Mine.Bringing down a 60-degree, 180-foot highwall is just part of the daily workload for a Hitachi EX2500-6 at Peabody's Rawhide Mine, a thermal coal surface mine located 10 miles north of Gillette, Wyo."The Hitachi EX2500-6 excavator is used to bring down the highwall in the pit," sai...Read More
A constant stream of pure oxygen is vital for many functions, too little or run out of this necessity puts lives in danger, which is why a leading global manufacturer of gas process systems is urging industrial users to jettison conventional containers and replace them with the safest, latest on-site oxygen generating technology.Australia-based Oxair says that having a constant supply of high puri...Read More
The company made the announcement at the J.P. Morgan Healthcare ConferenceBausch Health Companies Inc (NYSE:BHC) is among the healthcare stocks making noise today. At the closely watched J.P. Morgan Healthcare Conference, Bausch said it expects an increase in year-over-year revenue in 2019, sending BHC stock 6.4% higher to trade at $22.61. What's more, BHC call options are flying off the shelves t...Read More
Steel producer Nucor Corp said on Monday it would spend about $1.35 billion to build a plate mill in the U.S. Midwest, taking advantage of federal tax cuts that has resulted in windfall gains for several companies.Nucor is also benefiting from higher steel prices for domestic producers due to tariffs imposed on imports by the Trump administration last year.The new mill, which is expected to be ful...Read More
* Reserves fall $67.24 bln in 2018, vs gain of $129.4 bln in 2017* Reserves rise $11 bln in Dec to $3.073 trln, slightly top f'cast* Trade deal hopes, softer dollar offer some respite for yuan* Forex regulator expects reserves to be generally stable in 2019BEIJING - China's annual foreign exchange reserves fell for the third time in four years in 2018 as the yuan came under strong selling pressure...Read More
Sibanye Gold Ltd. said a protracted strike at its South African gold mines may hurt earnings at a time when the producer remains under pressure to reduce debt.Thousands of workers started a strike in November over pay, and there's inconsistent output at three mines amid limited operations, spokesman James Wellsted said, without saying how many workers are showing up. Sibanye is assessing the impac...Read More
The pharma stock has been in a long-term uptrendBuyout news has dominated the pharmaceutical sector in early 2019, with Eli Lilly and Co (NYSE:LLY) the latest name to announce a big purchase. Specifically, the Indianapolis firm said it was buying cancer drug specialist Loxo Oncology for $8 billion in cash, or $235 per LOXO share. While LOXO stock has jumped 66.4% to trade at $232.72, LLY shares ar...Read More
Sibanye Gold Ltd. said a protracted strike at its South African gold mines may hurt earnings at a time when the producer remains under pressure to reduce debt.Thousands of workers started a strike in November over pay, and there's inconsistent output at three mines amid limited operations, spokesman James Wellsted said, without saying how many workers are showing up. Sibanye is assessing the impac...Read More
After a hiatus of more than two years, China is adding to its gold reserves again. The People's Bank of China increased holdings to 59.56 million ounces by the end of December, or about 1,853 metric tons, from 59.24 million ounces previously, according to data on the central bank's website. They had been unchanged since about 130,000 ounces were added in October 2016.The world's biggest producer a...Read More
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