Mako Mining presents the highlights of recent positive drill results. San Albino projectIn a news release, Mako Mining Corp. (MKO:TSX.V; MAKOF:OTCMKTS) announced that drilling in the Las Conchitas area of its San Albino-Murra property in Nicaragua extended near-surface, high-grade gold mineralization. Results are available for 17 holes totaling 1,669 meters (1,669m) and drilled in five zones. Ass...Read More
Divesting of these assets allows Liberty Gold to focus on its core projects. Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) announced in a news release it closed two sales.One was the sale of its net profit interest in the Regent Hill property in Nevada to Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQB). With the transaction, Liberty received US$800,000 and 2 million purchase warrants for Ely Gold co...Read More
Key points about Equinox Gold are made in a BMO Capital Markets report. In a March 11, 2020, research note, BMO Capital Markets analyst Ryan Thompson reported that coverage of Equinox Gold Corp. (EQX:TSX; EQX:NYSE.A) resumed following a period of research restriction related to its merger with Leagold and was transferred to him. BMO increased its target price on the gold producer, which it rates...Read More
When it comes to our Adaptive Dynamic Learning (ADL) predictive modeling system, we get asked questions from our friends and followers about how it could predict a virus event or how it could predict a price event so far out into the future. The truth of the matter is the ADL predictive modeling system doesn’t predict unknown virus, banking or other types of events. What it does...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 336,29036,75954,064182,948511,252573,302602,075 Change from Prior Reporting Period -29,883-9,681-31,2954,814-17,893-56,364-58,869 Traders 20177796158300183 Small Speculators LongShortOpen Interest 60,16831,395633,470 -2,151354-58,515 non reportable positi...Read More
With the major gold miners' stocks getting bludgeoned, smart contrarian traders are salivating at coming great buy-low opportunities! With the COVID-19 pandemic's extreme fear terrifying the markets, it's very important to stay grounded in the gold stocks' underlying fundamentals. Just this week they are finishing reporting their Q4'19 results, which were incredibly impressive thanks to re...Read More
Gary Christenson, The Deviant InvestorStay with me on this... the purpose will become clear soon.Assume (without laughing or crying) that our U.S. senators are honest individuals filled with integrity. Yes, I know, but stay with me...They voted during the impeachment trial for President Donald Trump. They swore to uphold the following oath:"Do you solemnly swear that in all things appertaining t...Read More
Do not look at corona virus news. It will only result in you making a wrong decision. Think long term. Thing strategically and then invest. Do not try to play the T20 cricket game. Hit or miss way of investing will result in more misses or more losses. Invest with a 5 day cricket test match view. A good investment call and you can easily make over hundred percent return before Christmas. Asian n...Read More
When it comes to our Adaptive Dynamic Learning (ADL) predictive modeling system, we get asked questions from our friends and followers about how it could predict a virus event or how it could predict a price event so far out into the future. The truth of the matter is the ADL predictive modeling system doesn’t predict unknown virus, banking or other types of events. What it does...Read More
Dave KranzlerMake no mistake, the financial system is collapsing under one giant margin call being issued to banks and hedge funds. How big? No one knows. The Fed obviously was preparing for something when it commenced its money printing in September. But it had no idea of the scale of the underlying systemic problems. Coronavirus is not the cause of what's unfolding in the markets - it mere...Read More
Today, after another devastating day in the markets we are going to stand back and take a "big picture" view of what is going on.This is not some ordinary run-of-the mill bearmarket that is starting here - it is the beginning of a devastating collapse that is necessary to clear the system of all the accumulated dross that has built over many years. A "reset" is an apt word to describe it.The rot...Read More
By: Ira EpsteinGold breaking below the 18-DMA with support coming in below at..Read More
Oil and gold are plummeting as wellAnother day, another disaster on Wall Street. The Dow fell by 2,352 points, it's largest one-day plunge since 1987. The S&P 500 and Nasdaq joined the Dow in bear market territory, with all three benchmarks finishing 9% lower or more. After another circuit breaker this morning, stocks pared some losses around midday after the Fed announced an increase temporary li...Read More
Former company CEO Hubert Joly announced his resignation as Executive Chairman todayThe shares of Best Buy Co Inc (NYSE:BBY) are having a rocky day on the charts, now down 13.1% at $56.82, lower on the heels of the company's Executive Chairman, Hubert Joly's, resignation. Joly, who formerly served as the company's CEO, will not stand for re-election at the June 11 shareholder meeting, and J. Patri...Read More
FedEx, General Mills, and Lennar all step into the earnings confessionalNext week will be an important one on Wall Street, especially in the wake of the coronavirus outbreak reaching pandemic status. In addition to any possible measures to combat COVID-19, the Fed will hold its two-day meeting beginning on Tuesday, and culminate in remarks from Fed Chair Jerome Powell Wednesday afternoon. On top o...Read More
Ulta Beauty will post its fourth-quarter earnings after the close tonight Ulta Beauty Inc (NASDAQ:ULTA) has been no stranger to the broadmarket selloff. The stock hit a four-year low of $190.83 earlier today, and is now down 6.30% to trade at $206.77, right ahead of its fourth-quarter earnings report, due out after the close this evening. Despite this dip, there's still plenty of bullish sentiment...Read More
Broadcom is expected to reveal its fourth-quarter report after the close tonightChip stocks have not been immune to the broad market sell-off that has sent the Dow into bear market territory earlier today. That puts the companies' earnings reports in the crosshairs, and options traders are responding in kind. For example, Apple supplier Broadcom Inc (NASDAQ:AVGO) will report fourth-quarter earnin...Read More
The S&P 500 Index also followed Dow into bear-market territoryAs coronavirus fears spread within the U.S. and the Trump Administration struggles to provide a tangible fiscal response, the Cboe Market Volatility Index (VIX) jumped to higher than 69.26, its highest mark since the 2008 market crash. Trading paused with yet another "circuit breaker" as well, after U.S. President Donald Trump initiated...Read More
CME Group closed its Chicago trading floor due to concerns over the spread of the coronavirus CME Group Inc (NASDAQ:CME) is down 7.16% to trade at $180.74 this morning on news that the exchange operator is planning on closing its Chicago trading floor on Friday evening, due to the spread of coronavirus, with a reopening date dependent upon further news of the pandemic. The market will remain ava...Read More
Boeing stock is plummeting on its first downgrade from JPM in yearsAs the airline sector continues to reel in the face of the spreading coronavirus, Boeing Co (NYSE:BA) is no exception. BA was last seen trading down at 14.1% at $162.36, earlier touching a nearly three-year bottom of $155.55. Boeing announced it would be halting hiring and restricting overtime and work-related travel, while also re...Read More