JJCTF is essentially flat on the year, despite meaningful mine supply tightness.Global concentrate tightness is set to constrain more pronouncly refined production trends in Q4.In turn, the global refined copper market is due to show increasing signs of tightness (falling inventories, tighter spreads).We, therefore, approach JJCTF from a long side, expecting its tight fundamental backdrop to outwe...Read More
Screened through gold producers and royalty companies narrowed down to Newcrest (NCMGF) and Newmont (NEM) for further research.Both companies have better than average free cash flow yields and sustainable levels of debt.Newcrest in particular has a low all-in sustainable cost of $720 per ounce.This article follows up on a hunch about getting gold exposure I talked about for my portfolio. In my tra...Read More
The Dow has explored a more than 350-point trading range today alreadyThe Dow Jones Industrial Average (DJI) has relinquished an early morning lead,after the Institute for Supply Management's (ISM) manufacturing index fell to 47.8% in September -- its lowest level in over 10 years -- indicating trade tensions are creating a headwind for the U.S. economy. Shortly after the report was released, Pres...Read More
In 2019, no one should need any convincing that advisors and investors love cheap exchange traded funds. Usually, it's a case of "the cheaper, the better." For the uninitiated, the latest example of cheap works is the SPDR Gold MiniShares Trust GLDM, +1.22%. GLDM, came to market in June as a cost-effective alternative to the SPDR Gold Shares GLD, +1.17%, recently topped $1 billion in assets under...Read More
A key gold mine in Mexico will be shut down due to protests.Read full newsRead More
With the outlook for gold price being positive (the recent interest rate cut by Fed, which was the second cut of 2019, has reaffirmed this outlook), and with the sector witnessing major deals and consolidation this year, it would be interesting to see how the top 2 gold mining companies...Read full newsRead More
Home Depot stock has been a long-term outperformer Shares of home improvement name Home Depot Inc (NYSE:HD) have been climbing the charts this year. Currently, the stock is testing support at its +10% year-over-year mark and $250 billion market cap. With a 14-day Relative Strength Index (RSI) reading of 50, another layer of support is now being added, making it the perfect time to jump onto HD's u...Read More
Most analysts have remained bullish on VMWVMware, Inc. (NYSE:VMW) is trading up 2.4% at $155.56, thanks to bullish analyst attention. Wells Fargo this morning upgraded its opinion on the software name to "outperform" and boosted its price target by $40 to $180. This price level served as a ceiling for the shares from June through early August, and represents 20% upside to last night's close of $15...Read More
Checking in on the equity ETF in the midst of a historically rare moving average streakThe following is a reprint of the market commentary from the October 2019 edition of The Option Advisor, published on September 27. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.Regular followers of our analysis will be aware of...Read More
Geron's blood cancer drug, imetelstat, was just granted fast track status by the FDAGeron Corporation (NASDAQ:GERN) stock is soaring this morning, following an announcement that the Food and Drug Administration (FDA) granted fast track status to the biotech's experimental therapy, imetelstat, used to treat patients with myelofibrosis (MF) -- a type of blood cancer. The firm plans to meet with the...Read More
Most analysts remain upbeat toward CLF stockB. Riley FBR cut its Cleveland-Cliffs Inc (NYSE:CLF) price target to $13 from $16, with the analyst in coverage citing an "evolving macro and price environment" for the mining company, pointing specifically to a sharp decline in Atlantic pellet premium. Nevertheless, the firm maintained its "buy" rating on CLF, with the analyst saying the stock is attrac...Read More
ADT is poised to conquer a key trendline todayOne of the better stocks on the New York Stock Exchange (NYSE) this morning is ADT Inc (NYSE:ADT), up 3.8% to trade at $6.51. This is after the home security specialist said it's selling its Canadian operations to telecom operator Telus Corp for $527.55 million. The deal is expected to be closed in the fourth quarter. Today's breakout has ADT stock o...Read More
Investors will be monitoring a number of economic reports todayU.S. stock market futures are trading above fair value this morning, pointing toward a strong start to the fourth quarter for the Dow Jones Industrial Average (DJI). Today's session features a number of economic reports, including the Institute for Supply Management's (ISM) manufacturing index, as well as several Fed speeches. Still, m...Read More
"REPORT: Global Energy Metals- Establishing a strong cobalt and copper position at the Millennium Project in Queensland, Australia Alongside CEO Mitchell Smith, we look at GEMC's plans and why project funding is essential for EVshttps://t.co/OVVWwLBpFc$GEMC @EnergyMetals"Read full newsRead More
"#MOD & #MTR sail through next step of #Sandfire sale, with shareholders granting necessary approvals.Process now moves to courts for next steps of approvalhttps://t.co/AnEAje3vta"Read full newsRead More
"#AAU to host a shareholder conference call today at 1300Questions must be submitted by 0900 arianaresources@yellowjerseypr.com?? oe?? >>??~??? ??? ??? >>?? (R)??~??? ??? 1/4 ?? >>?? (R)?? ? ?? "?? ??? ??? ???~EUR??~EUR+44 (0) 20 3003 2666?? ??? ? ?? ??? 1/4 ?? ??? ? ?? (TM)?? ??? ??? ?0808 109 0700?? ??? (R)??~EUR??~EUR??~,,?? 1/4 ?? ??? ?Arianahttps://t.co/EYqaUwMpPN"Read full newsRead More
Here is what's new today on INK Ultra Money. Exisiting Canadian Insider Club members can upgrade for the special rate of $99.99 per year (plus tax) via the account settings tab after logging in.1. Ominous Clouds Forming in Chinese Data - Real Vision (Ultra subscriber content)China's recent economic numbers are the second worst in its history! Leland Miller, CEO of China Beige Book, argues this us...Read More
"$STM - STMicroelectronics N.V.: A Better Portfolio Wealth Builder Now Than Facebook, Inc.. Continue reading: https://t.co/MxgObIIQZV #economy #business #trading"Read full newsRead More
"$RAVE - RAVE Restaurant Group, Inc.'s (RAVE) Bob Bafundo on Q4 2019 Results - Earnings Call Transcript. Read more and get updates on any stock! https://t.co/wbimucy3jD #stockmarket #investing #finance"Read full newsRead More
The three-month zinc price on the London Metal Exchange was higher at the close of trading on Monday September 30, climbing up by some 2.5% amid moderately high turnover, while lead futures were similarly stronger over the afternoon. Zinc's outright price closed at $2,376 per tonne on Monday afternoon, its highest closing price since August 1, while volumes traded were at their highest since Septe...Read More