There will be a sell off if gold and silver fall today. Crude oil is bullish. There will be renewed short term hot money in crude oil (long positions) if crude oil rises till Thursday. Gold is somehow managing to float over $1700. Corrections up to $1650 will be a part of the bullish trend. Short term bearish trend will be there only if gold falls below $1650. Day traders and jobbers need to rem...Read More
The company also reported that is on track to meet its full-year production guidance of between 80,000 ounces and 85,000 ounces of gold.Read full newsRead More
Gold prices in 2020 have jumped higher. As a result, the top gold mining stocks are moving higher as well. It'd be good to watch these three gold companies.Read full newsRead More
"In a #WorldGoldForum keynote, Ronald-Peter Stoeferle of @IGWTreport also discussed #silver, saying,Read full newsRead More
Part two of this series explores RNG pricing and market trends in the transportation fuel and utilities markets.Read full newsRead More
The possibility of the U.S. economy slowly reopening gave stocks a big boost The Dow notched a roughly 133-point win on Tuesday -- despite ceding a chunk of its gains from earlier in the session -- as some concern over a second wave of coronavirus cases lingers. Overall though,Wall Street eyed talks of slowly reopening the U.S. economy with optimism, especially after New York Governor Andrew Cuomo...Read More
Talisker Resources is pleased to announce results from the second drill hole at the Bralorne Gold ProjectRead full newsRead More
AKAM has ample support during this unsteady climateCloud computing name Akamai Technologies, Inc (NASDAQ:AKAM) is one of many the many stocks suffering a volatile swings during the past two months. When trading during such an unsteady stock market climate, it's important to gather ample support behind any decision when it comes to your portfolio. One way we gauge what a potential pullback means fo...Read More
Brixton Metals Corporation is pleased to announce drill results from its wholly owned Langis Mine Project located in the Cobalt Camp, Ontario, Canada.Read full newsRead More
Gold prices have been in focus amid the broad-market volatilityGold prices have been on investor's radar all year, amid the broad market crash and subsequent rapid recovery. Through it all, mining stocks such as Gold Fields Limited (NYSE:GFI) have come out relatively unscathed, to the tune of a 107% 12-month gain. As if that's not enough, data from Schaeffer's Senior Quantitative Analyst Rocky Whi...Read More
The Dow is up around 360 points middayThe Dow Jones Industrial Average (DJI) is up around 360 points at midday, as hopes of the economy "reopening" and new earnings data outweigh the hesitance surroundingfears of a potential second wave. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also firmly in the black, with oil eyeing its fifth-straight session of wins. At last check, the front-m...Read More
It is a G-economy day with the government bonds down, credit spreads tightening, oil up and the gold-silver ratio falling. That should give today's morning report stock featured on INK Ultra Money a relative boost against its gold-focused peers. Canadian Insider Club Ultra members have full access. If you are not an Ultra member, join us or upgrade today.1. The silver lining for Yamana Gold - INK...Read More
Marathon reported a slimmer-than-expected, first-quarter lossThe shares of Marathon Petroleum Corp (NYSE:MPC) are up 1.4% at $31.96 this morning after reporting slimmer-than-expected, first-quarter losses of 16 cents per share, compared to analysts' anticipated losses of 31 cents per share. The firm's reported revenue of $24.08 billion also beat estimates. Meanwhile, Marathon said it would cut sp...Read More
Hertz entered into a forbearance deal in an effort to avoid bankruptcy Since investors caught wind that Hertz Global Holdings Inc (NYSE:HTZ) was looking at the possibility of filing for bankruptcy, the shares of the car rental name have been in a landslide. Coming into today HTZ was off over 35% month-over-month; however, reports this morning say Hertz has entered into forbearances and limited...Read More
SBUX found short-term support at its 30-day trendlineAfter Starbucks Corporation (NASDAQ:SBUX) reported last week earnings that fell short of Wall Street's expectations, the company announced last night it expects 90% of company-owned stores in the U.S. to be open by early June, with 85% to be opened by the end of this week. As a result, the shares of Starbucks are up 3.5%, last seen trading at...Read More
Crude futures are eyeing their fifth straight win todayDow Jones Industrial Average (DJI) futures are signaling big gains this morning, ready to build off of yesterday's tech-fueled rally. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also confidently above fair value, as investors look for signs of a slowly reopening U.S. economy amid the coronavirus crisis. Oil prices app...Read More
AUPLATA MINING GROUP SA:Read full newsRead More
Here are five Fastmarkets stories you might have missed on Monday May 4 that are worth another look.Flat-rolled steel import prices were mostly stable week on week in South America on Friday May 1, after deals became scarce and negotiations for June-shipment cargoes finished with low interest from clients.The European Commission's (EC) antitrust authorities granted Europe's largest copper smelter...Read More
The three-month price of copper on the London Metal Exchange was higher at the close of trading on Monday May 4, pushing above nearby resistance levels despite the lowest daily trading volumes since April 6, while tin similarly staged a modest recovery in afternoon trading.Copper's outright price on the LME closed at $5,123 per tonne, recovering from an intraday low of $5,060 per tonne, while just...Read More
Jack ChanPosted May 4, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal. Short-term signals can last for days and weeks and are more suitable for traders.Our ratio remains on BUY signal.Long-term is bullish. $HUI needs a weekly close above 278 to confirm that a new bull leg is i...Read More