Like much of the world, Argentina remains locked down, its citizens more or less homebound due to the global COVID-19 pandemic. Amid the torpor, Yamana Gold, a Canada-based mining company, has forged a new partnership around a gold mining project in the Patagonian province of Chubut. The move has led activists to accuse Yamana of [...]Read full newsRead More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort288,14850,23439,951131,977406,299460,076496,484Change from Prior Reporting Period -7,2466,628706-1,738-17,590-8,278-10,256Traders20761815660291177 Small Speculators (C) GoldSeek.com LongShortOpen Interest 59,29822,890519,374 -5531,425-8,831 non reportable positionsChange from...Read More
Avi GilburtFor those that do not know, Carolyn Boroden (The Fibonacci Queen) has joined the analyst team at Elliottwavetrader. So, she and I are endeavoring to present our combined perspectives to outline our general expectations over the coming weeks, as we begin this series of articles.There are times when the market provides us with clear indications. And, as proceeded through March, Caro...Read More
Last day of the month. Just trade in the technical. Trump and China news will affect markets today. Economy will be on focus from next week. Nations have started opening from May month. Next week will tell us whether over optimism has been factored in by current stock rise and crude oil. Silver and copper are bullish. Nickel will break free from the recent consolidation phase and form a new rang...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort288,14850,23439,951131,977406,299460,076496,484Change from Prior Reporting Period -7,2466,628706-1,738-17,590-8,278-10,256Traders20761815660291177 Small Speculators (C) GoldSeek.com LongShortOpen Interest 59,29822,890519,374 -5531,425-8,831 non reportable positionsChange from...Read More
Avi GilburtFor those that do not know, Carolyn Boroden (The Fibonacci Queen) has joined the analyst team at Elliottwavetrader. So, she and I are endeavoring to present our combined perspectives to outline our general expectations over the coming weeks, as we begin this series of articles.There are times when the market provides us with clear indications. And, as proceeded through March, Caro...Read More
Last day of the month. Just trade in the technical. Trump and China news will affect markets today. Economy will be on focus from next week. Nations have started opening from May month. Next week will tell us whether over optimism has been factored in by current stock rise and crude oil. Silver and copper are bullish. Nickel will break free from the recent consolidation phase and form a new rang...Read More
The U.S. EPA in May approved a fuel pathway under the Renewable Fuel Standard for a biomass gasification plant under development in McFarland, California, that will produce renewable natural gas (RNG) for sale into the transportation fuel market.Read full newsRead More
The European Commission presented on May 27 a revamped long-term EU budget and a ?,?1.85 trillion recovery plan, noting that it provides the instruments to build a modern, clean and healthy economy, which secures the livelihoods of the next generation.The Commission is proposing to create a new reRead full newsRead More
President Trump did not indicate whether or not he would pull out of the phase one trade agreement signed with China earlier this yearStocks staged a rebound off their session lows today, as the Dow closed just below breakeven while the S&P 500 and Nasdaq both collected modest gains. The turnaround happened after U.S. President Donald Trump said he would take action to end specialtrade treatment f...Read More
GoldSpot Discoveries Corp. is pleased to announce that, Vincent DRead full newsRead More
Puts are running at an incredible eight times their average intraday amountAfter receiving receiving no fewer than three price-target cuts -- most notably a $2 slash to $16 from Deutsche Bank -- due in part to substantial first-quarter losses, the shares of Nordstrom, Inc. (NYSE:JWN) are plummeting. At last check, the stock is down 11.2% at $16.10, and on its way to once again close below its 50-...Read More
U.S.-China tensions and dire economic data still weigh, thoughAs U.S. economies begin to reopen across the country, a sense of optimism swept through Wall Street during the holiday-shortened week, overshadowing more dire headlines. The Dow Jones Industrial Average (DJI), the S&P 500 Index (SPX) and the Nasdaq Composite (IXIC) are all on track to close out May with their second-straight weekly wins...Read More
Rokmaster Resources Corp. is pleased to announce that it has openRead full newsRead More
MNST is fresh off a record high earlier this weekNext week marks a new month, and the summer season is officially in full swing. That means a whole new slate of seasonality trends to monitor, with Schaeffer's Senior Quantitative Analyst Rocky White breaking down the best S&P 500 stocks to own in June over the past 10 years. One notable name on the list is Monster Beverage Corp (NASDAQ:MNST), with...Read More
The Dow is down around 190 points midday The Dow Jones Industrial Average (DJI) is down nearly 190 points at midday as investors await U.S. President Donald Trump's remarks regarding China. In a change of sentiment, previously bullish top JPMorgan Chase strategistMarko Kolanovic said that he was "dialing down" his optimism due to U.S.-China tensions. The S&P 500 Index (SPX) and Nasdaq Composi...Read More
DELL announced an upbeat first-quarter reportThe shares of Dell Technologies Inc (NYSE:DELL) are up 7.2% at $48.88, after the company shared an upbeat first-quarter report. The computer name reported higher-than-anticipated earnings per share as well as a revenue beat, with an increase in sales helping the company weather coronavirus headwinds. According to Jeff Clarke, vice chairman and chief ope...Read More
The FDA approved Eli Lilly's Alzheimer's disease diagnostic agentThe shares of Eli Lilly (NYSE: LLY) are up 0.3% to trade at $150.22 this morning, after the Food and Drug Administration (FDA) approved the use of TAUVID, the first radioactive agent to detect an abnormal protein that is characteristic of Alzheimer's disease. Before this approval the only diagnosis method available for Alzheimer's...Read More
Cisco will acquire internet monitoring solutions company ThousandEyesCisco Systems, Inc (NASDAQ:CSCO) is getting a slight leg up this morning, following an announcement that the cloud specialist plans on acquiring internet monitoring solutions company ThousandEyes. Though the company did not specify the terms of this arrangement, multiple reports stated that the purchase was for $1 billion. At las...Read More
AstraZeneca saw positive results in clinical cancer-drug trialsThe shares of AstraZeneca plc (NYSE:AZN) are up 1.7% at $54.43 this morning, on positive news regarding its cancer drug Tagrisso. According to a report, a phase-two trial succeeded in holding back a certain early-stage lung cancer, opening the treatment up to a potentially much larger sales boost. An analyst at Jefferies says the resu...Read More