By: Gary SavageEquity markets are going to keep rallying, $ES / SP500 upside targets, see where our intermediate-top will be:Gary SavageRead More
By: Ira EpsteinYou need to take gold one step of a time. Gold $3,000 target.. Read More
A break of key technical resistances will result in another wave of rise in all metals and energies. Do not short crude oil. I expect crude oil prices to rise to $80 (nymex) next year once world gets over corona virus crisis. Crude oil producers and large speculators will more than make up for their current losses next year. Buy crude oil call options for August 2021 with a strike price of $70.0...Read More
Gold Fields hopes to reach full production at its only gold mine in South Africa by the end of May, its chief executive said on Thursday, as it forecast limited impact to its global output from the coronavirus pandemic.Read full newsRead More
"Roughly 10 million ounces of #gold production have been impacted by #COVID19 slowdowns and shutdowns, said Ken Hoffman of @McKinsey at the #WorldGoldForum. https://t.co/Oy5b9XT6O0 #investing #coronavirus"Read full newsRead More
"Rokmaster Resources Corp. (TSX-V: RKR) is a Canadian mineral exploration company focused on developing its new massive sulphide #gold & #polymetallic Revel Ridge and #zinc-#lead-#silver Duncan Lake Projects, both located in BC. https://t.co/4yyO2xXc0t @Rokmaster_RKR"Read full newsRead More
Oil suffered its biggest one-week decline in historyThe Dow finished the day up over 250 points after rebounding from its midday lows, but still ended the week lower, its first weekly decline for April. Sentiment was boosted by U.S. President Donald Trump signing the long-awaited $484 billion coronavirus aid package. However, this sour session of earnings and economic data quickly provided a mark...Read More
Oil prices collapsed into negative territory for the first time ever this week To no one's surprise, it was another wild week on Wall Street, with oil's historic nosedive front and center. Stocks started the week in a downward spiral after oil futures for May delivery collapsed into negative territory for the first time ever on Monday. Things improved slightly by mid-week, as crude futures began t...Read More
"Underground #drilling at #Castlemine has intersected high-grade #Gold for the first time in addition to high-grade #Cobalt, #Silver and #Nickel ???(C)??',#CanadaCobaltWorks $CCW #Gowganda #MomentumStockshttps://t.co/rg11fqsfR3"Read full newsRead More
J C Penney is currently discussing filing for bankruptcy The plight of J C Penney Company Inc (NYSE:JCP) continues; as of today the department store chain name is in advanced talks for bankruptcy funds. According to a Wall Street Journal report, the retailer is seeking a debtor-in-possession loan from big banks somewhere in the ballpark of $800 million to $1 billion so the company can remain oper...Read More
No less than three analysts raised their price targetsE*TRADE Financial Corp (NASDAQ:ETFC) is down 0.2% to trade at $38.14 today, after the firm reported adjusted first-quarter earnings of 74 cents per share, well below the 91 cents per share anticipated by analysts. E*TRADE's $707 million in revenue also came in lower than expected. Analysts chimed in optimistically, however, as no less than thr...Read More
Oil prices are extending their rally as rumors of a production cut circulate The Dow Jones Industrial Average (DJI) is lower at midday, having pared away triple-digit gains from the morning. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) have also traded on both sides of the aisle today, while all three benchmarks cruise toward sizable weekly losses. Oil prices are so far clinging to gain...Read More
Energy has been a hot sector since the March 23rd lows. Within the sector, the uranium group has led the way, and today INK Research takes a look at a company that invests strictly in physical uranium. In this report, INK references an enlightening Real Vision interview with Arthur Hyde from Segra Capital Management on April 15th who clearly explains the state of the uranium industry and why COVI...Read More
L Brands has filed a complaint against Sycamore Partners for deal gone awryShares of L Brands Inc (NYSE:LB) are down 1.5% to trade at $10.46, after receiving no fewer than four bear notes, including a downgrade out of Barclaysto "equal weight" to "overweight," and price-target cut to $10 from $30. This slam comes after news that L Brands filed a complaint against Sycamore Partners for backing out...Read More
Continental Resources is ceasing production in North DakotaThe shares of Continental Resources (NYSE:CLR) are down 4% at $12.70, amid news that the company ceased production in North Dakota and closed off most of its wells in the state's Bakken shale field. Earlier, it was reported that CLR declared force majeure on at least one contract after crude dipped into the negative this week.Continental R...Read More
Sanofi cited a strong demand for pain and fever medications during its first quarter French pharmaceutical maker Sanofi SA (NASDAQ:SNY) is up 2.2% at $49.45 after releasing its first-quarter results and confirming its 2020 outlook. The company announced a 16.1% rise in income at constant exchange rate to 2.04 billion euros, or $2.20 billion, and a 6.6% pop in sales to 8.97 billion euros, or $9.69...Read More
Australia's largest gold refinery has ramped up production of one kilogram bars to ease the supply squeeze in the U.S. that helped propel a surge in the premium for New York futures.Read full newsRead More
Oil prices appear ready to rally for the third-straight dayDow Jones Industrial Average (DJI) futures are poised to climb this morning, propped up by an encouraging earnings report from blue chip American Express (APX). Wall Street is so far shaking off some of the latest alarming economic data, as durable goods orders for March fell 14.4%. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Inde...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") reports that the Company will release its results on or before May 29th, 2020 and will host an investor conference call and CEO Q&A at such time to discuss the results.The Company remains an essential services business with sales and large scale trials for first responders, military and defense cont...Read More
Illegal gold mining led to deforestation of thousands of hectares of forests inside indigenous reserves in the Brazilian Amazon, according to new satellite image analysis by the Monitoring of the Andean Amazon Project (MAAP). Mongabay had exclusive access to the report prior to its release.Read full newsRead More