Toronto-based North American Palladium (TSE: PDL) says underground exploration at its Lac des Iles mine 90 kms north of Thunder Bay has discovered a new zone - C zone. Drill results suggest that it is a large area of palladium mineralization in the footwall of the Offset zone.Assays from C zone include 4.18 g/t palladium over 19.4 metres, 3.06 g/t over 25.0 metres, and 2.93 g/t over 74.9 metres, i...Read More

ArcelorMittal fell the most in two years after announcing that it's further cutting steel production across its European plants to cope with weak demand and rising imports.The world's largest steelmaker will reduce primary production in France, Germany and Spain, according to a statement on Wednesday. It's the second time this month ArcelorMittal has announced output cuts. In total, it could affec...Read More

What happened: Value of M&A activity skyrocketed in B.C. during the first quarter of 2019Why it matters: The jump was driven primarily by the $17.4-billion acquisition of Goldcorp Inc.A first-quarter surge in B.C.-based mergers and acquisitions (M&A) activity can be attributed to one particular mega-deal that kicked off the year, according to new data from Crosbie & Company Inc.A May 29 report rev...Read More

What happened: Value of M&A activity skyrocketed in B.C. during the first quarter of 2019Why it matters: The jump was driven primarily by the $17.4-billion acquisition of Goldcorp Inc.A first-quarter surge in B.C.-based mergers and acquisitions (M&A) activity can be attributed to one particular mega-deal that kicked off the year, according to new data from Crosbie & Company Inc.A May 29 report rev...Read More

One fund is pacing toward its worst month in yearsThe stock market is taking a big hit this week, after several Chinese media outlets suggested Beijing could restrict the export of rare earth minerals, which are used in a variety of products, including smartphones and hybrids. Options traders are reacting to the latest salvo in the U.S.-China trade war by blasting the SPDR S&P Metals and Mining ET...Read More

Gold is still without support from its main allies, silver and oil.Mining stocks also remain in a malaise, which isn't helping the metal.A dollar index reversal would divert safe-haven demand into gold.Gold investors are biting their nails right now over gold's inability to rally in the face of widespread fears. Normally the yellow metal would be in full-blown bullish mode with as much uncerta...Read More

Gold and silver futures settled higher Wednesday for the first time in three sessions, inversely tracking a fall in stocks and other assets that tend to gain in times of growing appetite for risk. Gold for June delivery on Comex GCM19, +0.40% rose $3.90, or 0.3%, to settle at $1,281 an ounce. August gold GCQ19, +0.40% which now trades on higher volume, rose $3.80, or 0.3%, to finish at $1,286.30....Read More

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Testing for Interference in MSHA 105(c) Discrimination CasesThe legal basis of interference is in Section 105(c)(1) of the Federal Mine Safety and Health Act (Mine Act) - "No person shall discharge or in any manner discriminate against . . . or otherwise interfere with the exercise of the statutory rights of any miner." The interference test has developed into a two-part evaluation of an operator'...Read More

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Both equities sport attractively priced options at the momentThis morning, Goldman Sachs weighed in on two pharma stocks, downgrading Clovis Oncology Inc (NASDAQ:CLVS) and Esperion Therapeutics Inc (NASDAQ:ESPR) to "sell." Regarding the former, Goldman believes expectations for Clovis' cancer drug Rubraca are inflated. And with the latter, the analyst in coverage expressed concern over Esperion'...Read More

Champion Iron Ltd. (TSX: CIA) (ASX: CIA) today announced that it has concluded an agreement with la Caisse de d?(C)p??t et placement du Qu?(C)bec (CDPQ) for a preferred share offering of C$185 million plus a commitment for a fully underwritten $200 million credit facility with Scotiabank and Societe Generale.The company has also acquired the remaining 36.8% interest in the Bloom Lake iron ore proj...Read More

The equity tends to heat up in the summer monthsLike most of the stock market, the shares of Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) have struggled in May, down nearly 10% so far. However, now could be an opportune time to roll the dice on a big rebound for ALXN, for two reasons: first, pullbacks to a key trendline have preceded healthy gainsin the past; and second, the security has seasonalit...Read More

The door is wide open for downgrades on the stock A close look at the technical setup for Archer Daniels Midland Co (NYSE:ADM) reveals a number of red flags. For starters, the stock is coming off a weak earnings performance just a few weeks ago, falling below the $40 level, which represents two times a major peak from 1997, as well as its 2018 closing low. Moreover, the shares have given up suppor...Read More

There's little appetite for buying on the Street todayStocks are broadly lower today, as concerns about the economy and U.S.-China trade relations weigh. Bond yields are falling again, with the 10-year Treasury yield slipping to a nearly two-year low. The retail sector is one of the worst performing areas so far, as is the trade-sensitive tech sector. The Dow Jones Industrial Average (DJI) has dro...Read More

The shares have averaged an impressive return over the July-through-August periodApple Inc. (NASDAQ:AAPL) peaked at $215.31 on May 1, marking its highest point since Nov. 7. The shares of the iPhone maker have since shed nearly 18% -- set to snap their four-month winning streak -- amid increasing U.S.-China trade tensions. However, if history is any guide, the FAANG stock could be ready to bounce...Read More

The sporting goods retailer beat earnings expectations once againSports retailer Dick's Sporting Goods Inc (NYSE:DKS) has erased early gains, now down 4.1% at $34.30 in this morning's trading, despite the company reporting an impressive first-quarter earnings beat and upwardly revised full-year guidance. The reason behind the pullback remains unknown, as today marks the seventh quarter in a row D...Read More

Gold prices are undermined by the lack of safe-haven demand despite increased US-China trade tensions.Gold's spec positioning deteriorated markedly over May 14-21; ETF investors were on the sidelines last week.GLDM is poised to rebound next month, once downside tail risks begin to be priced into risk assets.Introduction Welcome to Orchid's Gold Weekly report. We discuss gold prices through the len...Read More

The "Deep State" powers at work could threaten the very backbone of American democracy.A new book may have Washington -- and Wall Street -- squirming in the hot seat.According to the newly-released publication, the dangers to the wealth and well-beings of good, hard-working Americans are now greater than ever!Written by a Washington insider since 1970, this book details how the author believes Ame...Read More

VSI fell to a record low last ThursdayDespite trading higher in after-hours, shares of Vitamin Shoppe Inc (NYSE:VSI) are down 3.6% to trade at $3.74 this morning -- afterpivoting lower at the open -- and earlier touching a fresh annual low of $3.68. The nutritional supplement retailer becomes the latest to dabble in cannabidiol (CBD) after announcing it was expanding its CBD hemp extract offerin...Read More