Sean Roosen from Osisko Mining (now Osisko Gold Royalties) was the only one brave enough to buy the historic Canadian Malartic Mine in October 2004 from a liquidation trustee following McWatters Mining's bankruptcy. A year earlier, Barrick sold it to McWatters, without having done any work on the proerty since taking it over from Lac Minerals in 1994.Roosen gambled that no one would bid on what wa...Read More
Although the Dow Jones Industrial Average (DJIA) hit a fresh record high early on, the blue-chip index snapped its seven-session run of record closes and nine-day win streak. The S&P 500 Index (SPX) and Nasdaq Composite (COMP) struggled as well, as Apple stock extended its slide and traders considered a potential December rate hike following yesterday's Fed announcement. Meanwhile, gold suff...Read More
Video game titans Activision Blizzard, Inc. (NASDAQ:ATVI) and Electronic Arts Inc. (NASDAQ:EA) could be subject to extra investor attention next week. Per data from Schaeffer's Senior Quantitative Analyst Rocky White, the stocks have been two of the biggest gainers on the S&P 500 Index (SPX) in the past six months -- and could be ripe for increased buying activity as the third quarter comes to an...Read More
U.S. stocks are trading lower this afternoon, with the Dow at risk of snapping its nine-session winning streak. Among the names in the spotlight today are biopharmaceutical company Akari Therapeutics PLC (NASDAQ:AKTX), oil concern Transocean LTD (NYSE:RIG), and steel stock AK Steel Holding Corporation (NYSE:AKS). Here's a quick look at what is moving shares of AKTX, RIG, and AKS.Akari Therap...Read More
Since news of a massive data breach first hit earlier this month, shares of Equifax Inc. (NYSE:EFX) have shed nearly one-third of their value. And while the shares were last seen trading up 1.1% at $97.06 -- comfortably off their Sept. 14 two-year low of $89.59 -- even after the company acknowledged yesterday that a hacker had initially comprised its system on March 10 and that it's been sending c...Read More
When we checked in on regenerative tissue specialist MiMedx Group Inc (NASDAQ:MDXG) last month, it looked like the sky was the limit, with the shares sporting a year-over-year gain of 130% and trading near $17. Things are drastically different this time around, however, with MDXG stock last seen trading near $12.39. The sell-off comes after Viceroy Research released yesterday a short seller re...Read More
Athletic apparel retailer Finish Line Inc (NASDAQ:FINL) will take its late-season turn in the earnings confessional tomorrow morning. FINL stock has a history of making big post-earnings swings in either direction, and one options trader today is betting on a repeat performance -- and paying a pretty penny to do so.FINL Options Traders Have Been Targeting PutsSo far today, 45,870 options have trad...Read More
U.S. stocks are pulling back after the Federal Reserve's latestmeeting, with the Dow at risk of snapping its nine-day winning streak. Two managed healthcare stocks also pulling back today are CIGNA Corporation (NYSE:CI) and UnitedHealth Group Inc (NYSE:UNH), as President Trump tries to push a new Republican healthcare bill through Congress. The stocks' retreats, however, could create compelling...Read More
The Dow Jones Industrial Average (DJIA) is lower at midday, pulling back as markets digest the Fed's plans to shrink its balance sheet, as well as hints of an additional rate hike in December. In addition, Apple stock is once again reeling, pacing for its worst week since June. While the Dow touched a record intraday high earlier, its seventh straight record close and nine-session winning streak...Read More
All eyes will be on the Fed next week, after the Federal Open Market Committee (FOMC) yesterday detailed plans to begin unwinding its $4.5 trillion balance sheet beginning in October. Specifically, Wall Street will look to daily appearances from Federal Reserve officials for more specifics -- as well as possible hints on a December rate hike -- with Tuesday's late-morning address from Fed Chair Ja...Read More
The Federal Open Market Committee (FOMC) wrapped up its highly anticipated September meeting yesterday, with the central bank hinting at a December rate hike, andunveiling plans to start unwinding its balance sheet. Ahead of the announcement, we decided to look at the best and worst stocks and sectors during Fed Week.While gold and silver ETFs tend to do well, the VanEck Vectors Oil Services ET...Read More
Analysts are weighing in on financial software company Intuit Inc. (NASDAQ:INTU), automotive concern General Motors Company (NYSE:GM), and semiconductor specialist Texas Instruments Incorporated (NASDAQ:TXN). Here's a quick roundup of today's bullish brokerage notes on shares of INTU, GM, and TXN. Wells Fargo Sees New Highs for INTU StockWells Fargo upgraded INTU stock to "outperform," and raised...Read More
Analysts are weighing in on pharma stock Biogen Inc (NASDAQ:BIIB), toymaker JAKKS Pacific, Inc. (NASDAQ:JAKK), and packaged foods concern General Mills, Inc. (NYSE:GIS). Here's a quick roundup of today's bearish brokerage notes on shares of BIIB, JAKK, and GIS.Raymond James Downgrades Biogen Amid Drug CompetitionBiogen stock is down 0.8% to trade at $315.83, after Raymond James downgraded the phar...Read More
U.S. stocks are signaling a lower open after yesterday's Fed decision. Among specific stocks in focus today are semiconductor stock Advanced Micro Devices, Inc. (NASDAQ:AMD), biotech BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX), and Google parent Alphabet Inc (NASDAQ:GOOGL). Here's a closer look at what's moving shares of AMD, BCRX, and GOOGL. Tesla Partnership has AMD Pointed HigherAMD stock...Read More
Dow Jones Industrial Average (DJIA) futures are pointed lower this morning, after the index yesterday posted its seventh straight record close and ninth consecutive win. The S&P 500 Index (SPX), which notched a record close of its own yesterday, is also signaling a lower start. Stock traders continue to digest the Fed's plans to shrink its balance sheet, as well as hints of an additional rate h...Read More
Gold & Silver long-term trends have been lower since highs back in 2011. Counter trend rallies have continued to frustrate metals bulls as they continue to fizzle out. Are current counter trend rallies in Gold & Silver about to fizzle out again?Below looks at Gold and Silver on a monthly basis over the past decade-CLICK ON CHART TO ENLARGEGold and Silver this month tested resistance lines that wer...Read More
When I was in kindergarten, I found a knife in the pocket of a hand-me-down jacket I was wearing for the first time. I gave it to my teacher, and I don’t remember her reacting at all. She gave the knife to my parents when they picked me up at the end of the day. And that was that.I used to run around at recess at that age with the other kids, and use bent sticks as fake guns. We shot at each...Read More
Brent Cook is an independent geologist with over 30 years of experience in the field. He is co-publisher of ExplorationInsights.com.Read More
Music video by Tommy Genesis performing Tommy. (C) 2017 Downtown/Interscope RecordsStream Tommy's new single "Lucky": smarturl.it/TGLuckyhttp://vevo.ly/U54Qj8Read More
Major gold producers are paying more attention to the junior mining sector, geologist and popular newsletter publisher Brent Cook told Kitco News at the Precious Metals Summit in Beaver Creek, Colorado. Find out why.Don't forget to sign up for Kitco News' Weekly Roundup - comes out every Friday to recap the hottest stories & videos of the week:https://connect.kitco.com/subscriptio...Join the conve...Read More