Vancouver-based EnGold Mines has successfully extended the high grade gold-bearing quartz veins at its Lac La Hache property in the Cariboo region. The veins include a series of narrow, quartz-carbonate, gold-silver sulphide veins in several new showings chosen after follow-up to the 2018 soil geochemical results. The seven hole, 463-metre drill program extended the Main vein to 180 metres total s...Read More
Vancouver-based EnGold Mines has successfully extended the high grade gold-bearing quartz veins at its Lac La Hache property in the Cariboo region. The veins include a series of narrow, quartz-carbonate, gold-silver sulphide veins in several new showings chosen after follow-up to the 2018 soil geochemical results. The seven hole, 463-metre drill program extended the Main vein to 180 metres total s...Read More
Meanwhile, put volume is notably higher than normal on emerging markets ETF EEMThe Dow Jones Industrial Average (DJI) continues to pare its early morning losses, last seen trading near session highs, though the blue-chip index remains deep in the red at midday. Traders are still digesting President Donald Trump's tariff tweets that sparked a sell-off in global markets, as investors again worry ab...Read More
CAT options are attractively priced As trade war fears stir up tension on Wall Street, trade-sensitive stocks like Caterpillar Inc. (NYSE:CAT) come into focus. At last check, CAT was down 3.2% to trade at $136.30, but as the stock nears a familiar trendline, history suggests this pullback could present a buying opportunity for the Dow name. Specifically, the equity is trading within one standard...Read More
Base metals have had a shaky start to 2019, with a cautious first-quarter advance giving way to an April drop on uncertainty about the global economy and the impact Chinese stimulus will have on consumption.Clouding the outlook are mixed signals on world growth. China's first official gauge of the manufacturing sector fell in April, indicating that more may be needed to bed down the economic stabi...Read More
Base metals have had a shaky start to 2019, with a cautious first-quarter advance giving way to an April drop on uncertainty about the global economy and the impact Chinese stimulus will have on consumption.Clouding the outlook are mixed signals on world growth. China's first official gauge of the manufacturing sector fell in April, indicating that more may be needed to bed down the economic stabi...Read More
Gold Gold started the week by surging and breaking the resistance of a descending channel pattern. The move was expected, as already on Friday the pair clearly bounced off the support of a dominant pattern and began to surge. In regards to the near term future, Dukascopy Analytics expects a consolidation of the gains. Namely, the metal's price will remain unchanged by trading sidew...Read More
However, KHC shares have erased early losses Shares of Kraft Heinz Co (NASDAQ:KHC) were notably lower out of the gate, after the company announced it will be restating its financial reports from past quarters, due to "certain misstatements" and employee misconduct. Kraft also delayed its first-quarter earnings release. However, KHC shares have since turned higher, after Warren Buffett -- whose Be...Read More
If you break it down, theft alone was $356 million for Q1 2019...the rest was fraud.Read full newsRead More
The United States and a group of Pacific allies are proposing to finance a power plant to kick-start the Wafi-Golpu mine in Papua New Guinea, one of the world's largest untapped gold resources, two sources familiar with the plan said.The proposal would be the first to be funded by a partnership of the United States, Australia, New Zealand and Japan that pledged to support electricity projects in P...Read More
The United States and a group of Pacific allies are proposing to finance a power plant to kick-start the Wafi-Golpu mine in Papua New Guinea, one of the world's largest untapped gold resources, two sources familiar with the plan said.The proposal would be the first to be funded by a partnership of the United States, Australia, New Zealand and Japan that pledged to support electricity projects in P...Read More
Wesfarmers Ltd's bid for Australia's Kidman Resources undervalues the lithium miner, analysts said on Friday, reflecting the financing difficulties the sector faces even as electric car makers warn of raw material shortages.Wesfarmers offered a 47 percent premium for Kidman, which is developing the Mount Holland project in Western Australia through a joint venture with battery chemicals maker Soci...Read More
Oil recovered from early declines after U.S. President Donald Trump threatened to escalate his trade war with China but also dispatched warships to the Middle East in a warning to Iran.Futures in New York were little changed Monday after falling as much as 3.1 percent in early trading as investors fretted a U.S.-China deal was in jeopardy, stoking fears about the global economy. They recovered tha...Read More
Axsome Therapeutics is fast-tracking two of its pipeline drugsNear the top of the Nasdaq today sits Esperion Therapeutics Inc (NASDAQ:ESPR), after the Food and Drug Administration (FDA) accepted marketing applications for the company's cholesterol drug. At last check, ESPR is up 13% to trade at $48.86, on track for its best day since Oct. 26. The good news was met with a generous price-target hike...Read More
The brokerage firm boosted its price target on the retail stock, thoughBarclays downgraded Five Below Inc (NASDAQ:FIVE) to "equal weight" from "overweight," saying the retail stock is "fully valued." However, the brokerage firm also raised its FIVE price target to $140, calling the retailer one of its "best-in-class names within our coverage," and saying Five Below has emerged as "one of the most...Read More
The drugmaker reported better-than-expected first quarter results and raised its outlookCanadian-based drugmaker Bausch Health Companies Inc (NYSE:BHC) just posted its first-quarter earnings results with a smaller-than-expected loss of 15 cents per share, though revenue missed slightly. The firm also lifted its 2019 full-year revenue forecast. The stock is 2% higher at $23.90 as a result. BHC has...Read More
Wall Street's fear index is set to soarDow Jones Industrial Average (DJI) futures are deep in the red this morning, down 445 points after President Donald Trump reignited trade war fears in a series of tweets. Specifically, Trump threatened to raise tariffs on $200 billion of Chinese goods to 25% from 10%this Friday, May 10, and said another $325 billion ofChinese goods will be slapped with a 25%...Read More
The Hong Kong Futures Exchange (HKEX) plans to launch dollar-denominated mini contracts for six base metals in the coming months, the head of market development at the London Metal Exchange (LME) said on Monday. The standardised monthly futures contracts will reference LME prices and are being launched to "broaden access in the region for LME priced contracts", Robin Martin told an industry event...Read More
FSLR has had a strong run already in 2019First Solar, Inc. (NASDAQ:FSLR) this morning was added to J.P. Morgan Securities' analyst focus list, and the brokerage firm reiterated its "overweight" rating while lifting its price target to $72 from $70. The analysts predict upcoming earnings releases could be strong thanks to a successful transition to the company's Series 6 solar modules.This just ext...Read More
IWM rallies less often than SPY post-Fed -- but when it does, the returns are robust"History suggests that a run through 2,900 and back to the September intraday high of 2,940 is imminent. Since 1950, in the 11 instances in which the SPX experienced at least a 20% decline from intraday high to intraday low, as it did in the fourth quarter, and then rallied back to within 2% of its intraday high, w...Read More