Weekly call traders could be playing today's rallyJD.Com Inc (NASDAQ:JD) is up 3.8% this morning at $36.65, thanks to a Reuters report indicating the company is exploring an overseas initial public offering (IPO) for its logistics business. According to the article, the IPO could raise between $8 billion to $10 billion -- which equates to roughly one-fifth of JD's market cap -- and the proceeds co...Read More
All three benchmarks are entering the holiday week red-hotFresh off a record-setting week, Dow Jones Industrial Average (DJI) futures are trending higher yet again. Fueling this morning's risk-on approach are trade tailwinds out of China, after the country's finance ministry announced it will reduce import tariffs on a number of goods starting in January. This comes after President Donald Trump...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce it has closed its previously announced brokered private placement (the "Offering") with co-lead agents, PI Financial Corp. and Canaccord Genuity Corp. (collectively, the "Co-Lead Agents"), and with Paradigm Capital Inc. and Beacon Securities Limited (together with the Co-Lead Ag...Read More
We continue to monitor short interest levels, as well "In two operations in the form of repurchase agreements, or repos, the Fed injected $26.25 billion in overnight liquidity and about $31.27 billion in 14-day liquidity...Since the large interventions started, money-market rates have calmed." -- The Wall Street Journal, December 19, 2019"Senate passes spending bills to avo...Read More
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Here are five Fastmarkets MB stories you might have missed on Friday December 20 that are worth another look.The spot main Japanese port (MJP) aluminium premium is likely to remain under pressure next year due to growing supply and weak demand amid a decline in global automobile sales, market participants told Fastmarkets. Evraz Vanadium has elected to partner with Mica Group, naming the Chin...Read More
Here are five Fastmarkets MB stories you might have missed on Friday December 20 that are worth another look.The spot main Japanese port (MJP) aluminium premium is likely to remain under pressure next year due to growing supply and weak demand amid a decline in global automobile sales, market participants told Fastmarkets. Evraz Vanadium has elected to partner with Mica Group, naming the Chin...Read More
Not surprisingly, the profits of companies that produce gold is largely a function of the price of gold. Investing in these companies can provide similar benefits to buying physical gold with the added liquidity of stocks and the potential to earn dividends. However, the business of mining gold is extremely complicated and risky. Only if you are willing to diligently do your homework and can affo...Read More
AM InvestCo, the consortium led by ArcelorMittal, has signed a non-binding agreement with the government-appointed commissioners of Italian plant Ilva, ArcelorMittal said on Friday December 20.The agreement "forms a basis to continue negotiations on a new industrial plan for Ilva, including discussions on a substantial equity investment by a government-controlled entity", the company said.The new...Read More
Here are five Fastmarkets MB stories you might have missed on Friday December 20 that are worth another look.The spot main Japanese port (MJP) aluminium premium is likely to remain under pressure next year due to growing supply and weak demand amid a decline in global automobile sales, market participants told Fastmarkets. Evraz Vanadium has elected to partner with Mica Group, naming the Chin...Read More
Here are five Fastmarkets MB stories you might have missed on Friday December 20 that are worth another look.The spot main Japanese port (MJP) aluminium premium is likely to remain under pressure next year due to growing supply and weak demand amid a decline in global automobile sales, market participants told Fastmarkets. Evraz Vanadium has elected to partner with Mica Group, naming the Chin...Read More
Oil and gas stocks have mostly underperformed in 2019, as commodity prices floundered amid an increase in supplies.Crude oil averaged about $63.50 per barrel this year - 9% lower than the average price in 2018 of almost $70 per barrel. Meanwhile, natural gas struggled even more.Natural gas prices have averaged 18% lower in 2019 than they were last year.As a result, the energy sector was one of the...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanChief Strategist, Enriched Investing Inc.Phone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12December 23, 2019 "Gold is money. Everything else is credit." J.P. Morgan, American financier, banker, dominated corporate finance on Wall Street during the Gilded Age; 1837-1913 "Because gold is honest mo...Read More
VANCOUVER, British Columbia, Dec. 23, 2019 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (FSM) (FVI.TO) is pleased to provide an update on construction, pre-commissioning and commissioning activities at its 100 percent owned Lindero gold Project located in the Province of Salta, Argentina.Jorge A. Ganoza, President, CEO and Director, commented, "Minor delays and unavailability of vendors due t...Read More
By: Gary SavageGold is churning, not doing a whole lot of damage, except to gold investors' mental state. We are now 3 1/2 months into the sideways churn. A market bouncing back and forth from overbought and oversold...http://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold has a bullish and negative bias -- what's next for gold this holiday week:Read More