Gold, silver, copper and crude oil are all very bullish. Gold can rise to $1800+ by tomorrow if the rise continues. Silver can break past $20.00+ if the rise continues. Crude oil will if it floats over $30.00 this week will rise to $37.60 and more. Copper is bullish as long as it trades over $228. Speculation of negative interest rates by the bank of England will only increase the pace of rise o...Read More
Strengths? The best performing precious metal was silver, up 7.30 percent. Gold had a strong week and held above $1,700 an ounce. Bullion rose the most in a week on Wednesday after Fed Chairman Jerome Powell said that the U.S. economy is facing unprecedented downside risks that could do lasting damage. Powell pushed legislators to take more action to support the economy. The poss...Read More
Gold, silver, copper and crude oil are all very bullish. Gold can rise to $1800+ by tomorrow if the rise continues. Silver can break past $20.00+ if the rise continues. Crude oil will if it floats over $30.00 this week will rise to $37.60 and more. Copper is bullish as long as it trades over $228. Speculation of negative interest rates by the bank of England will only increase the pace of rise o...Read More
The Dow and the S&P both enjoyed their biggest one-day jumps since April 6Stocks hurtled higher today, thanks to a combination of this morning's positive early stage test results for Moderna's (MRNA) potential COVID-19 vaccination, coupled with Fed Chair Jerome Powell's apparent willingness to further help the U.S. economy. The Dow notched a roughly 911 point win, surgingat the close for its best...Read More
Square stock is trading lower middayThe 20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days, with data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Stocks highlighted in yellow are new to the list. Standing out this week is mobile payment platform, Square Inc (NYSE:SQ). Below, we'll take a closer look at the opti...Read More
Call options are incredibly popular todayThe shares of Walt Disney Co (NYSE:DIS) are up 6.3% to trade at $116.15 today, after the company announced a small part of its U.S. theme park landscape will reopen on Wednesday with sanitary policies and social distancing rules in place. Disney Springs, a shopping and entertainment complex that is part of the Walt Disney World theme park, will open a sma...Read More
Urban Outfitters is set to post earnings after the close tomorrowToday's broad-market burst hasn't been lost on clothing retailer Urban Outfitters, Inc. (NASDAQ:URBN). The stock broke north of its 60-day moving average today for the first time since February, and is now up 11.7% to trade at $18.59 in a solid attempt to break free of the sideways trading many in the retail sector have been sufferin...Read More
JAKARTA - As Indonesia ramps up its mining sector to feed the world's hunger for zero-emission vehicles, it is faced with a problem: what to do with all the waste. Now, companies building the nation's first factories to produce the elements that power electric vehicles are seeking permission to dump billions of tons of potentially [...]Read full newsRead More
The Dow is up around 860 points middayThe Dow Jones Industrial Average (DJI) is soaring in afternoon trading, coaxed upwards by Moderna's (MRNA) positive COVID-19 vaccine trial data. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also in the black, as investors happily digest comments by Federal Reserve Chairman Jerome Powell on "60 Minutes." Plans to ease lockdowns further within the U....Read More
The news is giving the broader market a massive boost, tooThe shares of Moderna Inc (NASDAQ:MRNA) are trading at new record highs, up 28.2% at $85.52, after its COVID-19 vaccine, mRNA-1273, produced antibodies in all 45 participants during its early-stage human trial. The news has injected Wall Street with an extreme amount of optimism, as the company looks to move on to late-stage trials. Moder...Read More
Most of the analyst community is bullish on the movie theater stockThe shares of Cinemark Holdings, Inc (NYSE:CNK) are up 5.2% at $12.65 at last check, shaking off a downgrade from B. Riley to "neutral" from "buy," with an added price-target cut to $13 from $16. The analyst in coverage is skeptical about a rebound for the second half of 2020, and is also concerned by CNK's exposure to Brazil, wher...Read More
Telsey Advisory Group lifted its rating on Best Buy to "outperform" from "market perform" Tech retailer Best Buy Co Inc (NYSE:BBY) is up 7.8% to trade at $84.63 this morning, after Telsey Advisory Group lifted its rating on the security to "outperform" from "market perform." The analyst said the big box name will come out on top after the coronavirus pandemic, citing strong cash flow generation an...Read More
Moderna's COVID-19 vaccine reported positive phase one trialsDow Jones Industrial Average (DJI) futures are up over 650 points at last check, surging after news that Moderna Inc (MRNA) reported positive phase one trial results for its potential COVID-19 vaccine. Futures on the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also set to open confidently above fair value, after Federal Res...Read More
"2,907: this is coincident with the round -10% year-to-date (YTD) return and vicinity of the 2,900-century mark. (In 2019, the +10% YTD return marked brief resistance in February and support in early March and early June)" -Monday Morning Outlook, April 20, 2020Additionally, on the hourly chart of the SPX's year-to-date (YTD) percentage gain/loss immediately below, note the i...Read More
Pure Gold Mining Inc. (TSX-V: PGM, LSE: PUR) ("PureGold" or the "Company") is pleased to report mine construction activities at its PureGold Red Lake Mine in Ontario are on schedule for first gold pour before the end of the year.Work to date has proven we have a clear and precise understanding of theRead full newsRead More
Here are five Fastmarkets stories you might have missed on Friday May 15 that are worth another look.A diversified portfolio may well prove to be a winning ticket for metals and mining companies during the Covid-19 pandemic, according to the former chief executive officer of Rio Tinto.The stainless sector in the United States and Europe, Middle East and Africa (EMEA) region will consume 13% less n...Read More
The number of confirmed cases globally has grown to more than 4.7 million and there have been almost 315,000 deaths, according to Johns Hopkins University.US president Donald Trump criticised China yesterday for its "tiny" contribution to bodies including the World Health Organisation.The spot gold price shot above US$1,750 an ounce earlier and was worth almost $1,746/oz at the time of writing.Mea...Read More
Here are five Fastmarkets stories you might have missed on Friday May 15 that are worth another look.A diversified portfolio may well prove to be a winning ticket for metals and mining companies during the Covid-19 pandemic, according to the former chief executive officer of Rio Tinto.The stainless sector in the United States and Europe, Middle East and Africa (EMEA) region will consume 13% less n...Read More
Here are five Fastmarkets stories you might have missed on Friday May 15 that are worth another look.A diversified portfolio may well prove to be a winning ticket for metals and mining companies during the Covid-19 pandemic, according to the former chief executive officer of Rio Tinto.The stainless sector in the United States and Europe, Middle East and Africa (EMEA) region will consume 13% less n...Read More
Here are five Fastmarkets stories you might have missed on Friday May 15 that are worth another look.A diversified portfolio may well prove to be a winning ticket for metals and mining companies during the Covid-19 pandemic, according to the former chief executive officer of Rio Tinto.The stainless sector in the United States and Europe, Middle East and Africa (EMEA) region will consume 13% less n...Read More