Citi says to quit buying these retail stocksThe shares of Tiffany & Co. (NYSE:TIF) and L Brands Inc (NYSE:LB) are trading in the red this morning due to bearish analyst attention at Citigroup. Let's take a quick look at the bear note and how TIF and LB stocks are trading. For TIF, Citi downgraded its opinion to "neutral" from "buy" and cut its price target to $100 from $115. The brokerage firm sai...Read More
ACB was oversold heading into todayOne trading day removed from a nasty bear gap, Aurora Cannabis Inc (NYSE:ACB) is attempting a rebound this morning, last seen up 2% to trade at $6.93. This overdue lift comes after the weed company inked growing operations licenses from Health Canada for two outdoor cultivation sites. Aurora Cannabis stock is fresh off its worst week of 2019. The $7 level, an a...Read More
Avrobio's gene therapy drug proved successful in clinical trialsThe shares of Avrobio Inc (NASDAQ:AVRO) are popping today after the drugmaker announced positive data from its clinical trials of its investigational gene therapy drug AVR-RD-01 in patients with Fabry Disease, as well as an 87% substrate reduction in its first post-treatment kidney biopsy. AVRO is up 7.1% at $15.29 in response.Since s...Read More
Amazon's annual sales event kicked off this morningShares of e-tail powerhouse Amazon.com, Inc. (NASDAQ:AMZN) are inching their way higher this morning, last seen up 0.3% at $2,016.94, as the company's annual Prime Day event kicks off. While the 48-hour sale for Amazon's Prime members is attracting its usual bout of attention, the FAANG stock is catching the eye of analysts.Specifically, Loop Cap...Read More
General Electric shares have rallied 62% since mid-DecemberUBS downgraded General Electric Company (NYSE:GE) stock to "neutral" from "buy," and dropped its price target to $11.50 from $13, saying it's "taking a breather after recent stock outperformance." The brokerage firm noted, however, that it "can start to look increasingly at the [company's] multi-year turnaround/transformation."This follows...Read More
Other bank stocks are enjoying a halo lift Dow Jones Industrial Average (DJI) futures are pointing to yet another record high, and a fourth straight day in the black, as traders digest the first of many bank earnings this week. Specifically, Citigroup (C) posted impressive earnings and revenue for the second quarter, lifting fellow financial stocks Goldman Sachs (GS) and JPMorgan Chase (JPM). The...Read More
Treasury yields haven't done this since 2006 -- until now"Though there are only two samples to work with, history has taught us that big short-term directional moves have occurred shortly after a first touch of a new millennium level, as is evidenced by the 17% advance just five months after the first touch of 1,000, or the 9% pullback only one month after the first close above 2,000."-- Monday Mo...Read More
What is an alkaline-related gold system? How to tell it apart from other auriferous mineralizations? Why is it important?Below, I present a brief introduction of the alkaline gold system, highlighting its salient characteristics.In picking gold mining stocks, investors should recognize the implications of potential occurrence of alkaline-related gold mineralization.Image credit Alkaline-related ep...Read More
Barrick Gold Corp. GOLD, -1.41% said Monday that the World Bank International Center for Settlement of Investment Disputes has awarded $5.84 billion in damages to Tethyan Copper Company Pty Ltd., a joint venture held equally by Barrick and Antofagasta PLC (ANTO.LN), in relation to the arbitration claims filed against Pakistan following the denial of a mining lease for the Reko Diq project in Pakis...Read More
Over 150 years of research exists with respect to manipulation of American commodities markets. This is not a new phenomenon.Research shows that excessive short or long positions in commodities futures abnormally affect their market prices, similar to the stock and bond markets.Research also shows that excessive short future positions covering amounts beyond typical production lower commodity pric...Read More
A mining company says it won't carry out cleanup work ordered by the U.S. Environmental Protection Agency as part of a Superfund project in southwest Colorado.Read full newsRead More
July 10, 2019 (ACCESSWIRE via COMTEX) -- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO, OR FROM ANY...Read full newsRead More
* Greece to issue seven-year bond "in the near future" * Bankers say it aims to raise about 2 bln euros * Greece could open books on Tuesday, the earliest - sources (Adds details)By Lefteris PapadimasATHENS, July 15 (Reuters) - Greece plans to issue aseven-year bond"in the near future", authorities said onMonday, hoping to take advantage of record- low borrowing costs.The marke...Read More
* GRAPHIC-2019 asset returns:* Speculators raise net short positions * Nickel prices touch highest since March (Updates with closing prices)By Pratima DesaiLONDON, July 15 (Reuters) - Copper prices touched two-weekhighs on Monday as better than expected industrial output andinvestment data from top consumer China boosted sentiment,though gains were capped by the protracted U.S.-China tradedispute....Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans") is pleased to provide shareholders with an update on the Company's revenue increase following a successful summer sale. The month of June in 2019 brought in $160,000 in revenue across Peekaboo Beans' various distribution channels, compared to $41,000 in June 2018.In addition to the summer sale, the...Read More
Here are five Fastmarkets MB stories you might have missed on Friday July 12 that are worth another look.The antimony standard-grade II price softened on Friday July 12, and while the price for indium rose slightly the metal remains under pressure due to slow demand. Aluminium foundry premiums in the United States and Europe have fallen over the past month, pressured lower by a lack of demand...Read More
By: David HaggithThis month the economic expansion brought to you by your Federal Reserve and by US government largess becomes the longest expansion in the history of the United States! That's something, right? Something? Let's take an honest look at what we now call great.By "the longest expansion" we mean the longest period in which US GDP has been growing without a recession. Now, that's some...Read More
By: Gary SavageGold's commercial short position will not crash gold, analysts are mistaken:Read More
Dear Friend of GATA and Gold:Modern Monetary Theory, which has been getting much attention lately, is so controversial mainly because it is misunderstood.It is misunderstood first because it is not a theory at all but a truism.That is, MMT holds essentially that a government issuing a currency without a fixed link to a commodity like gold or silver is constrained in its currency issuance only by...Read More
By: Ira EpsteinGold short-term is paused, figuring out what next?Read More