Goldcorp (TSX: G; NYSE: GG) expects to produce more silver, zinc, lead and gold equivalent oz. in 2019 compared to 2018.The company, which is currently merging with Newmont (NYSE: NEM), produced 630,000 oz. gold in 2018's fourth quarter at $850 per oz. gold all in sustaining costs (AISC). In 2018, it produced 2.29 million oz. gold, and expects to produce a similar amount of gold in 2019.The compan...Read More
Canada's federal government has approved the environmental assessment of Argonaut Gold 's (TSX: AR) Magino project in Ontario.The open-pit project must still receive provincial government approval for the EA and other key authorizations including a construction permit and mine closure plan. Argonaut Gold also anticipates completing a prefeasibility study on Cerro del Gallo, an advanced project in...Read More
Crude oil futures are down more than 4%The Dow Jones Industrial Average (DJI) is down more than 300 points at midday, due to disappointing earnings from Caterpillar (CAT). The S&P 500 Index (SPX) and tech-rich Nasdaq Composite (IXIC) are also lower, as traders weigh lowered guidance from chipmaker Nvidia (NVDA). Both companies cited weaker demand in China, amid the U.S.-China trade war. Elsewhere...Read More
Fosterville asset is a production and cash flow game changer and robust production growth is likely to sustain in the next few years.Fosterville asset has an AISC of less than $500 an ounce and as production from asset increases, the company's cash flow growth is likely to be strong.Ample cash with zero debt provides high financial flexibility for growth and exploration projects.Macassa Mine t...Read More
Nvidia call options have been popular in recent weeks Nvidia Corporation (NASDAQ:NVDA) is all over the news today, with the chip stock down a whopping 12.5% to trade at $138.30, after the company slashed its fourth-quarter revenue outlook to $2.2 billion versus the previous expectation of $2.7 billion. The semiconductor name cited weak China demand as a catalyst for the lowered forecast. But even...Read More
Lithium is set to soar - and leave investors pocking huge profits.Even with all the headlines and controversy surrounding Tesla founder Elon Musk, recent research shows that even bad press can't stop the momentum of a huge component that makes Tesla what it is today.In fact, Tesla merely helped highlight how completely critical lithium is in today's increasingly-technological world... and how scar...Read More
The retailer's CEO is leaving, effective Feb. 2The shares of Guess?, Inc. (NYSE:GES) are spiraling today on news Victor Herrero is stepping down as the retailer's CEO. Co-founder and Chairman of the Board Maurice Marciano will step in on an interim basis until Carlos Alberini -- who formerly served as GES' chief operating officer from 2000 through 2010, and is currently head of Lucky Brand -- take...Read More
There is room for analysts to issue more bull notes on GRUBThe shares of GrubHub Inc (NYSE:GRUB) are down 0.3% to trade at $80.56, as broad-market headwinds offset a Credit Suisse upgradeto "outperform" from "neutral" and a price-target hike to $130 from $125. The analyst in coverage waxed optimistic on the company's delivery network, market expansion, and new partnerships, and said the firm wou...Read More
A former Cisco exec was appointed new COO of BlackBerry Mobile phone name BlackBerry Limited (NYSE:BB) just appointed Bryan Palma, a former Cisco (CSCO) senior vice president, as its new president and chief operating officer. In response, the shares of BB are slightly lower, down 1.1% at $8.01 -- set to break the equity's three-day winning streak. BlackBerry just endured its worst quarter since 2...Read More
CAT is sinking after a fourth-quarter profit miss and weak guidanceThe shares of Caterpillar Inc. (NYSE:CAT) are driving broad-market losses this morning, down 8.9% to trade at $124.71, and the worst stock on the Dow so far. The swing lower comes after the construction concern's disappointing fourth-quarter earnings report, with Caterpillar hinting at the negative impact of the U.S.-China trade wa...Read More
Both companies are facing headwinds in ChinaDow Jones Industrial Average (DJI) futures are sharply lower, with the index set to give back all the gainsfrom Friday's temporary government shutdown relief. Investors still remain wary of political gridlock, after President Donald Trump told the Wall Street Journal on Sunday that another government shutdown is "certainly an option." Also pressuring m...Read More
The mid-cap index entered 2019 between its a pair of significant long-term moving averagesThe following is a reprint of the market commentary from the February 2019 edition of The Option Advisor, published on January 25. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.The S&P MidCap 400 Index (MID) doesn't get nearl...Read More
Don't underestimate the significance of the S&P's 80-week test, either"The Cboe Volatility Index (VIX - 18.19) action could give us a clue as to whether the next move will be a retest of the low or a continuation rally from the December bottom. The VIX comes into the week situated between half its December closing high at 18.03, but below half its 2018 closing high at 18.66 and double its 2018 clo...Read More
Gold is likely to appreciate at a steady pace. I do not expect a dramatic meltup.Economic growth will remain challenged for many years in developed economies.Inflation will remain low across the globe for the foreseeable future. Inflation will not be the powerhouse behind the rise of the gold price.Carefully-selected gold miner's valuations will appreciate faster than physical gold.This post i...Read More
Gold took wing Friday, energized by weakness in the dollar. The $23 upthrust stalled almost exactly at the 1302.90 Hidden Pivot midpoint resistance shown, validating both the bullish pattern and a 1330.40 target we've been using for the last week or so. (Note: These numbers differ slightly from the ones given here earlier because the pattern's point ‘C' low changed.) The 1330.40...Read More
Russia's GV Gold is a step closer to becoming one of the country's top five producers after posting Monday an increase in output of more than a third helped by two newly launched mines in East Siberia.The miner churned out 304,400 ounces of gold last year, 36% more than a year earlier and a whooping 85% increase when compared to 2017, when it became Russia's No. 7 producer of the yellow metal.GV G...Read More
* U.S. lifts April sanctions on aluminium producer Rusal * Removal of Rusal sanctions mostly priced in -analysts * PRICES: (Adds closing prices)By Zandi ShabalalaLONDON, Jan 28 (Reuters) - Aluminium prices fell on Mondayafter the United States lifted sanctions on the world'ssecond-largest aluminium producer, United Company Rusal . The United States announced in December its intention tolift the sa...Read More
Markets US government shutdown Fed Brexit US China trade talks USD Gold Oil Government reopens but attention already elsewhere Brexit votes, US/China trade talks, a Fed monetary policy decision and the US jobs report; this promises to be quite a week for financial markets. And all of this comes as the US government ends a 35-day shutdown – the longest in history – aft...Read More
James Hyerczyk19 hours ago (Jan 28, 2019 6:17 AM GMT)Gold is inching higher on Monday, continuing Friday’s steep rally. Supporting the market is a weaker dollar. This is driving up demand for dollar-denominated gold. The U.S. Dollar is being pressured by position-squaring and selling ahead of Wednesday’s U.S. Federal Reserve interest rate decision and monetary policy announcement. Tr...Read More
(Recasts with comments from acting president, senator, lawyerand environment minister, updated share reaction and fines)By Gram SlatteryBRUMADINHO, Brazil, Jan 28 (Reuters) - Brazil's governmentweighed pushing for a management overhaul at miner Vale SA on Monday as grief over hundreds feared killed by adam burst turned into anger, with prosecutors, politicians andvictims' families calling for puni...Read More