The company expects fourth-quarter profit to be lower than the third quarterThe shares of Tesla Inc (NASDAQ:TSLA) are down 7.5% at $321.27 in early market trading, after the company announced that it would be cutting the number of full-time employees by 7% in order to reduce costs. The auto concern also said it expects fourth-quarter profit to come in lower than the previous quarter. This is the s...Read More
Most analysts are already bullish on CVX stockUBS upgraded Chevron Corporation (NYSE:CVX) to "buy" from "neutral," saying recent weakness in oil prices has created an attractive opportunity for the energy name. The brokerage firm said the company's model is created to withstand such volatility, and can maintain its organic capex and dividend even on oil's move below the $50 per barrel mark. Most a...Read More
Gold demand turned fragile this week in India as local prices jumped to their highest level in 2-1/2-years, while traders in major buying centres in Asia pinned hopes on purchases ahead of the approaching Lunar New Year.Local gold prices in India, world's second-largest gold consumer, touched their highest since July 2016 this week."Prices are just moving higher and higher. Buyers are waiting for...Read More
So this is how Gold is playing out....We made the base....back towards the end of last year....we have rallied..just to under the 1300 mark.. now what we are seeing is a continuation pennant...As the prior trend is bullish....we would expect Gold to break out to the topside....The technicals are ripe for this...the sideways movement we have seen in making this pennant has eased the overbought scen...Read More
All three major U.S. benchmarks are pacing for a fourth straight weekly winDow Jones Industrial Average (DJI) futures are pointing to a strong finish to the week, trading more than 100 points above fair value. The bullish bias is being driven by growing hopes for a U.S.-China trade deal, despite a lack of clarity on whether the U.S. is considering reducing tariffs on China. Earnings from American...Read More
Oyu Tolgoi is expected to produce 125,000 to 155,000 tonnes of copper and 180,000 to 220,000 ounces of gold in concentrates this year, Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) reports.Last year the Mongolian copper-gold mine produced 159,100 tonnes of copper, up 1.1% from 2017, and 285,000 ounces of gold, up 150% from 2017.The government of Mongolia owns 34 percent of Oyu Tolgoi with the r...Read More
• The risk-on mood continues to dent the commodity’s perceived safe-haven status. • Steady USD fails to lend any support; dovish Fed expectations to limit downside. Gold prices slipped for the second consecutive session, albeit remained well within a broader trading range held over the past one week or so. A report that the US is considering eas...Read More
Fred Imbert | Silvia AmaroPublished 17 Hours AgoUpdated3 Hours AgoCNBC.com show chapters Stock picking the name of the game for 2019, says Eaton Vance's Barton 2:53PM ET Thu, 17 Jan 2019 |05:54 Stocks rose on Friday as investors cheered potential progress in trade negotiations between China and the U.S.The Dow Jones Industrial Average rose 336.25 points to 24,706.35, led...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
The floodgates are about to open, and early investors stand to reap some major rewards.Everyone knows: It's the casino that NEVER LOSES.And for years, the gaming industry has been stuck in a legal limbo, with black market bookies and smoky underground clubs soaking up billions in potential profits.But the floodgates are about to open to the general public.A key law outlawing online gambling across...Read More
* Mnuchin reportedly discussed lifting tariffs on China * Nickel hits two-month peak, zinc at month high (Add more quotes, updates with closing prices)By Maytaal AngelLONDON, Jan 18 (Reuters) - LME copper, nickel and zinc hitmulti-week highs on Friday as base metals gained on signs thetrade dispute between the United States and top metals consumerChina could be easing. The Wall Street Journal repo...Read More
Following a mapping and prospecting campaign in conjunction with a grid-based soil sampling program and follow-up rock channel sampling, Carube Copper (TSXV: CUC) reported the discovery of high-grade copper-silver mineralization at its Main Ridge Project in Jamaica.Known for its initials MR, the project covers 30 square kilometres of the island country's south-central region, an area where the Spa...Read More
The rise from the mid-August low continues.Consolidation at just under $1,300 per ounce.Rising open interest is a bullish sign.Three reasons for higher gold and a challenge of the 2016 peak.GDX and GDXJ could outperform gold and NUGT and JNUG are not for the faint of heart, but they could be explosive.The gold futures market has settled into a narrowing trading band that near the highest price for...Read More
Published 20 Hours AgoUpdated5 Hours AgoReuters Umit Bektas | ReutersGold slipped to the lowest in more than a week on Friday as hopes of a thaw in the U.S.-China trade dispute perked up stock markets, while palladium held above $1,400 on a supply crunch.Spot gold was down 0.68 percent to $1,282.57 per ounce. U.S. gold futures settled down $9.70 at $1,82.60 per ounce."Rising risk appetite among m...Read More
Our Adaptive Fibonacci modeling system is suggesting Crude Oil may have already reached very strong resistance levels just above $50 ppb. It is our opinion that a failed rally above $55 ppb will result in another downward price move where prices could retest the $42 low - or lower.You can see from this Daily Crude oil chart that price has formed a consolidated price channel between $50 and $53 ppb...Read More
A retired Brazilian Army officer who recently advised Canadian miner Belo Sun (TSX: BSX) about its plans to mine gold in the Amazon, will head the country's Indigenous Rights Agency (Funai) aiming at using his experience in the sector to deal with hundreds of impending clashes between miners and locals.Native descendant General Franklimberg Ribeiro de Freitas had run Funai until April 2018, but wa...Read More
Gold's 50-day moving average (MA) crossed the 200-day MA from below earlier this week, confirming the golden crossover - a long-term bullish indicator. So far, however, the golden crossover hasn't impressed the bulls. The yellow metal continues to trade in a narrowing price above $1,20. More importantly, a break above $1,300 will likely remain elusive, as the golden crossover is the result...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average turned higher Thursday, rising for the third straight day in a row. U.S. stocks have closed with gains in seven of the past nine sessions.Morgan Stanley (MS) earned 80 cents a share in the fourth quarter, missing forecasts of 89 cents. The stock fell 4.4%.Netflix Inc. (NFLX) will report earnings...Read More
The Thursday Market Minute Global stocks weaken amid concerns over the fate of U.S.-China trade talks as lawmakers target Huawei and ZTE with a bill targeting export bans.China Vice Premier Liu He confirms he'll attend two-days of talks in Washington starting January 30.Global oil prices slip lower as the U.S. dollar gains, EIA data shows domestic production rose to a record 11.9 million barrels...Read More
Bob Moriarty ArchivesJan 18, 2019I covered GFG Resources pretty well ina piece I did in early September. With a lack of news the shares price dropped about 45% based on shareholders not clearly understanding the incredible progress GDG has made.The biggest problem GFG faced for the last couple of years was shareholders dying of boredom due to a seeming lack of progress and a certain lack of news....Read More