The Tesla rival is still down 51% in 2019, thoughOne of the best stocks on this quiet trading day is Nio Inc (NYSE:NIO), up 26.2% to trade at $3.06. The Shanghai-based Tesla rival reported a third-quarter loss that was slimmer than expected, while revenue topped expectations. China deliveries also increased, despite a reduction in vehicle subsidies. Nio stock is on track to fill a late Septembe...Read More
The company will be selling its Canadian robotics unit for C$1 billionThe shares of satellite concern Maxar Technologies Inc (NYSE:MAXR) are soaring today, after the company announced it would be selling its Canadian space robotics business called MacDonald, Dettwiler and Associates (MDA) for C$1 billion, or roughly $765 million, to a consortium of financial sponsors led by Northern Private Capita...Read More
Most TREE analysts are already bullishLendingTree Inc (NASDAQ:TREE) shares have been trying to recover from their hugesell-off from earlier this month. Call buying has been the preferred strategy from TREE speculators in recent weeks, based on the 10-day call/put volume ratio of 1.26 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), and now s...Read More
The Santa Claus rally could take a breather todayAfter a Christmas week full of records on Wall Street, Dow Jones Industrial Average (DJI) futures are much quieter this morning, holding modestly above fair value. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are signaling slightly lower opens, with volume likely to be low heading into the New Year's holiday. As far as economic da...Read More
A volatility pop concurrent with a drop in stock prices could be a risk to bulls"...if momentum continues, keep in mind that there is the 12/27 and the quarterly expiration of SPY options that expire this week and on the last trading day of the year... Without a catalyst, the SPY 323 strike could act as resistance and the longer the SPY is below these strikes, the more it can be seen as a headwind...Read More
"Our Family Investments: 2020 Portfolios Goal Setting For Income Investors. Read more and sign up for updates: https://t.co/wkRPT40mdy #investing #stockmarket #finance"Read full newsRead More
The natural endowment of British Columbia, the Yukon and Northwest Territories continues to drive mineral exploration and development. Here is a sample of eight companies active in the region.American Creek ResourcesAmerican Creek Resources (TSXV: AMK) is exploring for gold and silver in B.C.'s Golden Triangle area. The company holds interests in three projects within this district: Treaty Creek,...Read More
Malaysia will impose anti-dumping tariffs of up to 26.39% on cold-rolled coil imported from China, Japan, South Korea and Vietnam. The import taxes will be in effect for five years from December 25, 2019, to December 24, 2024, Malaysia's Ministry of Trade and Industry (MITI) said earlier this week.The products subject to the duties are cold-rolled coils of iron or non-alloy steel, of...Read More
The European Commission (EC) is planning to again review its safeguard measures for hot-dipped galvanized (HDG) flat steel destined for the automotive sector, market sources told Fastmarkets this week.In the definitive measures for metallic-coated sheets (product category 4), the EC split the product category into two sub-categories, 4A and 4B, with the automotive sector mainly consuming...Read More
Overcapacity in the global steel sector has been an issue for many years, but has intensified in the recent years, according to Ankur Dana, chief executive officer of Dubai-based multinational Dana Group .Global overcapacity causes steel prices to fall, so governments should only approve new capacities if there is need, Dana said at Fastmarkets' Middle East Iron and Steel Conference in Dubai on De...Read More
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Going into 2020, financial markets have been on a strong run, and in both Canada and the U.S., markets are at or near all-time highs. While 2019 was a great year for the markets, the question of what will happen in 2020 looms large.Many investors believe that a recession– or at least a fairly sized correction in financial markets to bring valuations back down slightly — is imminent. Wh...Read More
Gold is widely considered to be one of the best opportunities for investors going into 2020, as many of the reasons for gold’s price to appreciate are present. This has already caused a major increase in the price of the precious metal in 2019 and, consequently, a number of the mining companies, too.Some of the most widely known gold-producing majors have led the way, while some of the lesse...Read More
Canadian savers are starting to line up their RRSP investments for the coming year and many people are wondering whether gold stocks are attractive picks right now.Let’s take a look at the current situation in the gold sector to see if the gold miners deserve to be on your RRSP buy list in 2020.OutlookGold picked up a nice tailwind in recent weeks, climbing back above US$1,500 and appears se...Read More
Gold has firmed once again as uncertainty regarding the health of the global economy grows once again. The yellow metal has soared to over US$1,511 an ounce to be up by 18% since the start of 2019.There are signs that gold will firm further and could break through US$1,600 per ounce before the end of 2020. If that occurs, it will be a boon for gold miners, with beaten-down Kinross Gold (TSX:K)(NYS...Read More
Mary River mine site. (Image by Baffinland Iron Mines Corporation). The Workers' Safety and Compensation Commission filed 16 charges in the Nunavut Court of Justice against Baffinland Iron Mines Corporation accusing the company of failing to keep safe a main road used to haul iron ore, which caused the death of a 63-year-old truck driver.The accident took place in December 2018, when Tony Anker w...Read More
Treaty Creek property. Photo courtesy of Teuton Resources. Vancouver-based miner Tudor Gold (TSXV: TUD) announced Monday that it has completed a non-brokered private placement of approximately 4.2 million common shares at a price of C$0.70 per share for aggregate gross proceeds of C$2.93 million.Nearly all the common shares offered under the placement (approximately 4.1 million shares) were acqui...Read More
Quebradona project. (Image courtesy of AngloGold Ashanti).The mayor of the Jeric?? municipality in Colombia's Antioquia department said on Monday that his office's proposal to modify the Territorial Planning Structure to protect the area surrounding the Quebradona mining project had failed at city council.Talking to Caracol Radio, Mayor Jorge P?(C)rez said that both the federal government and Que...Read More
Bob Moriarty ArchivesDec 30, 2019In my experience everyone tends to make investing wisely way too complicated. Simple works, complicated doesn’t.I think the first site visit I went on was to a gold project in Xinjiang province in Western China over eighteen years ago. The gold bull was but a calf. Site visits had totally stopped after the Bre-X scandal in 1996. The sponsor of the trip manage...Read More
Guanajuato Mine Complex. (Image courtesy of Great Panther Mining). Great Panther Mining (TSX: GPR) announced that its Mexican subsidiary Minera Mexicana El Rosario entered into a $10-million concentrate prepayment agreement with IXM Group, one of the world's largest physical metal traders, headquartered in Geneva, Switzerland.The deal entails that IXM's subsidiary in Mexico commits to purchase 10...Read More