The study projects a $752 million net present value and an 87% internal rate of return. Los Filos MineLeagold Mining Corp. (LMC:TSX.V; LMCNF:OTCQX) announced in a news release that a "very positive," independent feasibility study for its Los Filos mine expansion is finished. The mine is located in Mexico.The study results and NI 43-101 technical report are based on $30 million of exploration work...Read More
- History may repeat itself for gold demand and prices as world economy looks set to slow- Three reasons for gold's extended rally from 2008 to 2011 may be making a comeback- As global growth looks to be slowing, hopes grow for repeat of 2008-11 rally that saw gold almost triple in valueby Clyde Russell of Thomson ReutersThe three legs that supported gold's extended rally from just after the 2...Read More
Failure of gold to break and trade over $1304 by the 25th of January will result in fatigue and a fall to $1272 and $1256. This is just a technical view. However sharp dips should be used to invest with a trailing stop loss below $1230 for the end of April and a price target over $1410. The reason for the above cautious view (despite being very bullish on gold even at the current price of $129...Read More
Gold is currently trading at $1,282 – down 0.36 percent on the week – its first weekly loss since the second week of December. Notably, the yellow metal has breached the 10-day-long narrowing price range with the drop to ten-day lows. A prolonged period of consolidation is usually followed by a big move in the direction of the breakout. So, the yellow metal could drop sharply next week...Read More
Positive U.S.-China trade headlines fueled the risk-on tradingStocks sailed into the long weekend with a big win, as a fresh batch of U.S.-China trade headlines fueled investors' appetite for risk -- and offset a negative earnings reaction for Netflix (NFLX). The Dow added more than 300 points as trade-sensitive Caterpillar (CAT) climbed and oil major Chevron (CVX) surged on a big bull note, while...Read More
China offered U.S. trade negotiators a six-year boost in imports, officials familiar with the matter tell CNBC.China pegged its proposal to buy more U.S. goods through 2024 to President Donald Trump's hopes of being re-elected to a second term in 2020, the sources told CNBC.Chinese officials made the offer during negotiations in Beijing earlier in January, Bloomberg News reported.Kayla Tausche | M...Read More
Markets went into a tailspin in the second half of 2018. File image.Private capital tracker Preqin says in an update that contrary to expectations, 2018 was another bumper year for the industry, particularly for natural resources investments.Fundraising by unlisted funds for investment in natural resources - oil and gas, timberland, farmland, water and mines - set a fresh record in 2018 and is lik...Read More
HBI's rally into a historically bearish trendline could mark a selling opportunityThe shares of Hanesbrands Inc (NYSE:HBI) have rebounded sharply off their Dec. 24 five-year closing low of $11.62, up 27.7% since then to trade at $14.84. However, in its attempt at a comeback, the apparel name is now testing the waters around a key trendline -- sending up a potentially bearish signal that has has se...Read More
Weak fourth-quarter guidance means a new record low for CASAStocks are cruising into the long weekend on U.S-China trade talk optimism. Luxury retailer Tiffany & Co. (NYSE:TIF) is higher, while Bowflex parent Nautilus, Inc. (NYSE:NLS) and broadband network solutions provider Casa Systems Inc (NASDAQ:CASA) are sharply lower. Below, we'll take a look at what's moving the shares of TIF, NLS, and CASA...Read More
Positive news on U.S.-China relations helped stocks on FridayU.S. stocks rose this week thanks to upbeat trade developments, including Friday's bombshell report that China has offered to increase its U.S. imports over the next six years. Earlier in the week traders got a huge dose of earnings out of the financial sector, with mixed reactions throughout. At the time of this writing, the Dow Jones I...Read More
CIBC initiated coverage on the weed stock with an "outperform" ratingThe shares of Cronos Group Inc (NASDAQ:CRON) are red-hot today, after CIBC initiated coverage on the weed stock with an "outperform." The analyst in coverage waxed optimistic on the company's management team, and said it expects Cronos to withstand volatility in the growing industry. As a result, CRON stock is up 8.6% at $14.83,...Read More
The S&P and Nasdaq are both headed for their fourth day in the blackThe Dow Jones Industrial Average (DJI) is set to finish the week strong, up 245 points at midday, as Wall Street celebrates positive progress in trade talks between the U.S. and China. Specifically, China has reportedly offered the U.S. a six-year increase in imports to $1 trillion per year, according to Bloomberg. Elsewhere, trad...Read More
How you can transform lagging indicators into leading indicators.With the market action of the last few weeks, some traders may feel like they're working blind -- after all, who knows what the Dow will do next? With bulls and bears butting heads in their predictions, many investors are looking for a way to try and predict what's to come, to avoid losing any of their capital to sudden corrections a...Read More
The precious metal remains on the defensive near $1,283/oz. The better tone around the greenback keeps weighing on Gold. US Industrial Production, U-Mich index next of relevance. The ounce troy of the yellow metal is extending the weekly downside and is now navigating new multi-day lows in the $1,283 area. Gold looks to data, USD The recent better tone in the greenback coupled with the important...Read More
Options volume is pacing for an annual high on both stocksThe shares of Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) and Immunomedics, Inc. (NASDAQ:IMMU) are getting walloped this morning, as traders react to Food and Drug Administration (FDA) news. Specifically, LXRX is plunging after an FDA advisory panel was split (8-8) on whether to recommend approval of Lexicon's sotagliflozin, a type 1 diabet...Read More
FITB will report earnings bright and early Tuesday morningFifth Third Bancorp (NASDAQ:FITB) will report fourth-quarter earnings ahead of the stock market open next Tuesday, Jan. 22. FITB stock has a history of positive earnings reactions -- closing higher the next day in six of the past eight quarters, with an average gain of 1.8% -- but warning signs are flashing ahead of the Cincinnati-based ban...Read More
* Mali's industrial production of gold rose 23 percent last year to 60.8 tonnes, Mines Ministry spokesman Boubacar Sissoko said on Friday.* In March, the mines ministry said output would rise in 2018 primarily due to the start of production at B2Gold's Fekola and Hummingbird Resources' Komana mines.* Mamadou Sidibe, deputy director of the government's Cell for Planning and Statistics, said output...Read More
Burkina Faso's thriving gold mining sector has been rattled by a new wave of Islamist violence and sporadic outbreaks of interethnic conflict.The industry has been booming in recent years - with Burkina Faso expecting to announce that 2018 was its most successful year for gold production - but could the latest outbreak of Islamic militancy prove an insurmountable challenge for the country's resili...Read More
Getty ImagesOil production may slow in coming months due to low crude oil prices. The numbers: Industrial production rose 0.3% in December, the Federal Reserve reported Friday. The gain was in line with Wall Street expectations. This follows a 0.4% gain in November, revised down from the prior reading of a 0.6% increase. For the fourth quarter as a whole, production moved up at a 3.8% annual rate...Read More
Shares of IPG and EEX are in the red after bear notesCombing through this morning's analyst updates across Wall Street, we came across bearish notes on advertising firm Interpublic Group of Companies Inc (NYSE:IPG) and trade show specialist Emerald Expositions Events Inc (NYSE:EEX). Below, we'll take a closer look at the shares of IPG and EEX. IPG stock was cut to "sector perform" from "outperform...Read More