Short sellers are having a tough time.The market's record-setting run has repeatedly mauled the bears. Investors continue to pile into stocks as they approach nosebleed territory. Few vulnerable plays are offering major paydays for the shorts - until this week.Short sellers just booked $294 million in a single day on a rare triumph against the health care sector. Traders booked their gains on the...Read More

Every investor loves when one of their stocks is bought out for a big, juicy premium.I certainly do.Takeovers are one of the fastest ways to bank BIG gains in less than 24 hours.That's why I am digging into the biotech sector right now. This sector has a serious case of takeover fever.So today, I'm playing doctor to diagnose the two big causes of this takeover fever. And then I'll tell you how to...Read More

Hao Zhang, assistant professor of computer science at Colorado School of Mines, was recently interviewed by the Associated Press about his research to develop a robot to explore abandoned mines.The story, which included video footage of a prototype robot at the Edgar Experimental Mine in Idaho Springs, was picked up by multiple national, regional and local publications, including The Washington Po...Read More

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange lost 20.64 points to 843.71 Thursday. Praveen Varshney's third capital pool shell, AAJ Capital 1 Corp. (AAJ: $0.10), has listed with a $250,000 initial public offering at 10 cents. Its IPO agent was Canaccord G...Read More

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellSteven Fishoff, the last defendant in a serial insider trading case involving two Canadian listings, could be headed for a guilty plea. Prosecutors have disclosed that they are in negotiations with Mr. Fishoff and that they are attempting to finalize...Read More

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Wednesday was a positive 88-83-120. The TSX Venture Exchange gained six points to 864 while polished diamond prices were flat. Ken MacNeill and George Read's Shore Gold Inc. (SGF) edged one cent...Read More

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold gained $6.90 to $1,345.00 on Wednesday. The TSX Venture Exchange rose 6.02 points to 864.35 while the TSX Gold Index rose 1.02 points to 194.49. Endeavour Mining Corp. (EDV), which fell $3.30 Tuesday, regained 91 cen...Read More

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterWest Texas Intermediate crude for March delivery gained 23 cents to $64.73 on the New York Merc, while Brent for March gained three cents to $69.05 (all figures in this para U.S.). Western Canadian Select traded at a discount of $27.70...Read More

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:The TSX Venture Exchange added 6.02 points to 864.35 Wednesday. Brad Docherty and Eli Abergel's second shell graduate, Good Life Networks Inc. (GOOD), began trading today, opening at 30 cents and closing at 41.5 cents on 2.72 million shares. The company raised $9.2-...Read More

The latest news and price moves to start the Asian day on Friday February 2.The latest news and price moves to start the Asian day on Friday February 2.Lead prices on the London Metal Exchange were 1.7% higher at the close on Thursday February 1, with the metal continuing its fine performance since the turn of 2018. Read more here in our live futures report.Here are how LME prices looked at Thursd...Read More

ASX: DEGwww.degreymining.com.au Mr. Simon Lill reports:Mt Hawthorn, WA / February 2, 2018 / JMN Wire / De Grey Mining Limited (ASX: DEG) ("De Grey", "Company") is pleased to report on drilling programs at the Toweranna and Blue Moon prospects within the Pilbara Gold Project, located approximately 100km from Port Hedland, Western Australia. The Company is undertaking continued exploration for addit...Read More

Small modular reactors (SMRs) could provide valuable energy resilience for US federal sites as a secure, reliable, and flexible source of primary and backup power, a new report funded by the US Department of Energy (DOE) has found.Small Modular Reactors: Adding resilience at federal facilities was co-authored by Seth Kirshenberg and Hilary Jackler of law firm Kutak Rock with Brian Oakley and Wil G...Read More

Exelon Generation announced today that it has decided to retire its Oyster Creek nuclear power plant in New Jersey this October. The company had agreed with the state to shut the single-reactor plant by the end of 2019.Oyster Creek (Image: Exelon)In January 2010, the New Jersey Department of Environmental Protection (NJDEP) revised rules on water use such that once-through cooling is no longer all...Read More

Lead and tin were the only base metals on the London Metal Exchange to close the week in positive territory, while the rest of the complex came under pressure from a strengthening dollar.The three-month lead price continued to trade around a fresh six and a half year high and was at $2,680 per tonne at the 5pm close. "Data on the ground also supports the bullish LME lead market, which was often un...Read More

Peninsula Energy Ltd (ASX:PEN) has had its buy recommendation reiterated by New York based investment bank H.C. Wainwright & Co.The bank continues to forecast upside with a price target of $1.50 on the shares which are trading at $0.39.Its forecast is supported by Peninsula's long-term uranium contracts and its plan to transition operations at the Lance Projects in Wyoming to a lower pH soluti...Read More

Shigemoto Toma, who was Goldman Sachs' senior aluminium trader until November, is joining Macquarie bank in Singapore, Metal Bulletin understands. Toma will join Macquarie's base metals trading team on February 8 and will help the bank grow its physical...Read More

Deliverable zinc stocks at Shanghai Futures Exchange-approved warehouses increased 13,216 tonnes or 16.2% week on week to 94,769 tonnes as of Friday February 2. Metal Bulletin last assessed Shanghai-bonded zinc stocks at around 203,000-205,000 tonnes at the end of January, up 29.5% from 155,000-160,000 tonnes on January 3 and 92.5% compared to January 2017.  Stock levels have predominantly be...Read More

Yesterday ahead of earnings, AMZN's stock dropped $60, with $30 of that drop occurring in the last hour of trading. It's almost as if market-makers, with their customary preview of the impending AMZN headline EPS report in hand, intentionally took the price down to set-up a short-trap. AMZN stock closed at $1390, down $60 from Wednesday's close.Shortly thereafter, AMZN's earnings headline...Read More

Finnish metal processing technology provider Outotec forecasts growth in demand for many metals, with sentiment in both the mining and metals industries expected to improve in 2018."In 2018, our target is to grow our sales as well as improve profitability. Together with improved market sentiment, global [trends] - such as resource efficiency, sustainability and digitization - provide us with good...Read More

Metal Bulletin has today discontinued five grades of zircon.After a consultation period, Metal Bulletin has today suspended the following five grades of zircon, effective February 2, 2018: Zircon, ceramic grade, bulk, CIF South Africa, $/tonneZircon, Ceramic grade, Bulk, FOB South Africa, $/tonneZircon, premium grade, bulk, FOB USA, $/tonneZircon, standard grade, bulk, FOB USA, $/tonneZircon stand...Read More