DaBoyz more than held their own Wednesday, keeping the Dow airborne for six hours even though buying interest was practically nil. This is an achievement of sorts, and it suggests that although upside potential will be limited to whatever the stock market's masters can milk from daily mood swings, there would appear to be little enthusiasm for a hard selloff at the moment. In such circumstances,...Read More
Zero growth in the US economy in 2019 is a serious risk if the government shutdown, trade war with China and Brexit are not resolved - but recession is unlikelyTrump has not delivered on campaign promises about workers' rights and resentment is building; the government shutdown is now putting air traffic at riskFor more information about the Annual Meeting, visit www.weforum.orgDavos-Klosters, Swi...Read More
What a deal! Newmont Mining will buy rival Goldcorp, creating the world’s largest gold miner. What does it mean for the gold market? New Wave of M&A in the Bullion Industry Just a few weeks ago, Barrick Gold merged with Randgold Resources. The $18.3 billion-deal has created a sector-leading miner owning top gold mines and the largest reserve base among its peers. Initially, the new compa...Read More
US Dollar losses momentum and favors a rebound in gold. XAU/USD remains in ranges, near weekly lows but again above $1280. Gold reversed its intraday trend following the European Central Bank meeting and Draghi’s press conference. It was moving with a bearish and bottomed at $1276 (January low) and then bounced to the upside rising back above $1280. Is of writing tr...Read More
The broad stock market fluctuated within a short-term consolidation range yesterday following Tuesday's decline. Is this a topping pattern before another leg down or just some relatively flat correction within a new uptrend?The U.S. stock market indexes gained 0.1-0.7% on Wednesday, as they fluctuated following Tuesday's decline. The S&P 500 index continued its rebound off the December t26th m...Read More
Wall Street cheered earnings from several chipmakersThe Dow started the session in the red following hawkish comments from Commerce Secretary Wilbur Ross on U.S.-China trade negotiations -- though it was Ross's confusion over furloughed federal workers visiting food banks that became a major news story. The blue-chip index made a couple of brief forays into positive territoryas well-received earni...Read More
Apple, Amazon, and Facebook will be reporting quarterly earnings Earnings season is in full swing, with FAANG members Apple (AAPL), Amazon (AMZN), and Facebook (FB) set to report next week. In addition, several blue chips will step into the earnings spotlight, including Chevron (CVX), Boeing (BA), Verizon (VZ), and Visa (V). Elsewhere, traders will digest the Fed's policy statement and the subsequ...Read More
The stock just pulled back to a historically bullish moving average Since their early November bull gap that resulted in a two-year high of $69.00, the shares of TripAdvisor Inc (NASDAQ:TRIP) pulled back. Recently, though, TRIP has found support in the $52-$54 area and is already 5.1% higher this year. Plus, the travel concern just retreated to a key trendline -- a signal that, if history is any i...Read More
Toronto-based Anaconda Mining has shared updated resource numbers for two gold projects - Great Northern near the village of Jackson's Arm, Newfoundland and Cape Spencer 15 km east of Saint John, New Brunswick.The Great Northern project includes the Rattling Brook and Thor deposits. Rattling Brook has an inferred resource of 5.5 million tonnes averaging 1.45 g/t gold for 255,000 contained oz. usin...Read More
One analyst targets new record highs for SQThe Dow and S&P 500 are lower today, but a resurgent tech sector is powering the Nasdaq. Three names moving higher today are chip stocks Micron Technology, Inc. (NASDAQ:MU) and Nvidia Corporation (NASDAQ:NVDA), as well as Square Inc (NYSE:SQ). Below, we'll take a look at what's moving the shares of MU, NVDA, and SQ.MU Rally Running into Familiar Resistan...Read More
Imperial Metals has published its fourth quarter and year-end numbers for its operations. For the full year, the company produced 75.3 million lb. of copper and 79,056 oz. of gold.At the Red Chris copper-gold mine 80 km south of Dease Lake, Q4 production was 15.6 million lb. of copper (up 15% from Q3) and 12,366 oz. of gold (up 41% from Q3). Mill throughput for 2018 averaged 29,228 t/d and annual...Read More
Gold prices finished lower on Thursday, with the metal's short-term prospects linked to a firmer dollar, but investors keeping watch over the impact of the partial shutdown of the U.S. government and ongoing U.S.-China trade dispute. Longer term, most analysts remain upbeat in their outlook for precious metals as a mixed picture for the economic outlook and major global issues, including those tra...Read More
Gold prices finished lower on Thursday, with the metal's short-term prospects linked to a firmer dollar, but investors keeping watch over the impact of the partial shutdown of the U.S. government and ongoing U.S.-China trade dispute. Longer term, most analysts remain upbeat in their outlook for precious metals as a mixed picture for the economic outlook and major global issues, including those tra...Read More
INTC is about to present earningsIntel Corporation (NASDAQ:INTC) call volume is running in the 99th annual percentile, while almost tripling the number of puts traded today. The February 52.50 call -- home to peak open interest -- is most popular today, followed by the March 52.50 call. This call preference is part of a longer-term trend on INTC, which has a Schaeffer's put/call open interest rati...Read More
Shares in Jardine Matheson Holdings, a 186-year old firm listed in Singapore, plummeted 83% on Thursday, wiping more than $40 billion off the market value of the storied conglomerate.The stock quickly recovered and traders immediately pointed to the most likely reason for the strange dealings - a fat finger.Fat finger trades are human errors - more often than not pressing the wrong buttons SGX lat...Read More
Shares in Jardine Matheson Holdings, a 186-year old firm listed in Singapore, plummeted 83% on Thursday, wiping more than $40 billion off the market value of the storied conglomerate.The stock quickly recovered and traders immediately pointed to the most likely reason for the strange dealings - a fat finger.Fat finger trades are human errors - more often than not pressing the wrong buttons SGX lat...Read More
Citron expects the shares to double in the next two yearsThe shares of RH Inc (NYSE:RH) -- formerly Restoration Hardware -- are in focus today, after Citron Research set a price target of $250, and predicted at least a 100% return for shareholders over the next two years. The investment firm called RH "the most exciting concept in retail since the creation of the Apple store," and "a company with...Read More
YY stock was trading near key technical levels in early JanuarySubscribers to Schaeffer's Weekly Volatility Trader doubled their money with the YY Inc (NASDAQ:YY) January 2019 64-strike straddle. Here's a quick look at why we expected an outsized move from the Chinese social media stock, and how the profitable options trade unfolded.A straddle is an attractive options strategy to play when a stock...Read More
Endeavour Mining (TSE: EDV; US-OTC: EDVMF) produced 52% more gold in 2018 than it did in 2017, exceeding the upper end of its full year guidance.The company produced 612,000 oz. gold in 2018, up from 403,000 oz. gold the year before; it had estimated producing no more than 590,000 oz. gold in 2018.At the same time, Endeavour's all-in sustaining costs (AISC) fell 4% in 2018 to $745 per oz. gold com...Read More
Canada Goose stock is looking at one of its worst days ever after a downgradeCanada Goose Holdings Inc (NYSE:GOOS) is pacing for one of its worst days ever, after the winter apparel concern was cut to "market perform" from "outperform" at Wells Fargo. The analyst note called out GOOS' multinational exposure as a risk, noting that the stock is moreexpensive compared to right after the company went...Read More