Lawyers Gold Silver Project Phoenix Zone 2018 Drill ResultsBenchmark Metals (TSXV: BNCH; US-OTC: CYRTF) has expanded the Phoenix zone at its Lawyers gold-silver project in B.C.'s Golden Triangle after intersecting gold and silver mineralization in step out drilling grading as high as 11 grams gold per tonne and 819 grams silver over 4 metres from 69 metres downhole.Other highlights included 6.15 g...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
This stunning research revealed by the former hedge-fund who predicted the last NASDAQ crash could have some Americans thinking twice before hoarding cash.Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is go...Read More
CME was downgraded to "hold" by BofA-Merrill Lynch todayCME Group (NASDAQ:CME) has started the new year off on the wrong foot, on track for its second straight weekly loss amid concerns over a new rival exchange. This morning, the exchange operator was downgraded to "hold" from "buy" at BofA-Merrill Lynch, while its price target was trimmed to $191 from $200. However, Deutsche Bank hiked its pri...Read More
At first glance, you might initially think that cryptocurrencies and precious metals have little, if anything, in common. However, to the contrary, the two can be sourced in the same basic way: through mining. "Mining" has a broad definition here, but "energy consumption" doesn't. The journal Nature Sustainability has published new research revealing that cryptocurrency mining expends significantl...Read More
* China premiums rise slightly to $6-$9 an ounce* Indian demand expected to rise in wedding season* Singapore and Hong Kong premiums mostly unchanged* Spot gold on track for fourth straight weekly gainBENGALURU/MUMBAI - Physical gold premiums rose in China this week as investment demand firmed on worries over global growth and a softening dollar, though Indian buyers remained on the sidelines ahea...Read More
Meanwhile, Cowen likes Domino's for 2019Yum! Brands, Inc. (NYSE:YUM) is trading down 1.6% at $90.30 after Goldman Sachs downgraded the stock to "sell" from "neutral," and lowered its price target to $76 from $83. The firm said it prefers names like Texas Roadhouse (TXRH) and McDonald's (MCD) from the restaurant space, and also questioned the strength of the company's Pizza Hut and Taco Bell busine...Read More
J.P. Morgan Securities cut its rating on WTW stockto "neutral" The shares of Weight Watchers International, Inc. (NASDAQ:WTW) are down 7.2% at $32.58 in early trading -- and touched a new annual low of $32.32 out of the gate -- on a downgrade from J.P. Morgan Securities. The analyst nearly halved its price target to $37 from $70, and downshifted to "neutral" from "overweight." The analyst is "thro...Read More
The company is selling its chemistry technologies business to ADMHouston-based chemical company Flotek Industries Inc (NYSE:FTK) said it is selling its consumer and industrial chemistry technologies business, Florida Chemical Company, to Archer Daniels Midland (ADM) for $175 million -- more than double the company's market cap of 80.42 million at last night's close. As such, FTK shares have more t...Read More
Both companies and the fund managers that invest in them are under pressure to pay more attention to environmental, social and governance issues. For the former group, that requires delivering increased transparency on an ever-expanding range of metrics. For the investment crowd, tailoring strategies to address the new demands means increased spending on data - at a time when fees are slowly but s...Read More
CRBP is heading toward its third straight weekly gain of 10% or moreThe shares of Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) are up 1% to trade at $7.86 today, after Canaccord Genuity raised its price target on the drugmaker to $38 from $36 while maintaining its "overweight" rating. The analyst in coverage is bullish on Corbus Pharmaceuticals' recent pact with Kaken Pharmaceutical to devel...Read More
Stocks will try to overcome pre-market losses for a second straight dayDow Jones Industrial Average (DJI) futures are trading below fair value, with stocks set to snap a five-day winning streak. Investors this morning are digesting the latest inflation data, with the consumer price index (CPI) for December matching expectations, dipping 0.1% for the month. But even if the pre-market losses hold, a...Read More
Canada's Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) has increased its stake in its Ity gold mine in Ivory Coast to 85% from 80% by buying shares in the operation from a local company owned by former soccer star.DYD International Holdings was founded by Didier Drogba, an ex Chelsea Football Club striker who also represented Ivory Coast's national team, received about one million shares in Endeavour...Read More
Canada's Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) has increased its stake in its Ity gold mine in Ivory Coast to 85% from 80% by buying shares in the operation from a local company owned by former soccer star.DYD International Holdings was founded by Didier Drogba, an ex Chelsea Football Club striker who also represented Ivory Coast's national team, received about one million shares in Endeavour...Read More
Orestone Mining (TSXV: ORS) is staking an additional Cu-Au porphyry target at its Captain property in north-central British Columbia, Canada.In a press release, the company revealed that the new Cu-Au porphyry target, called Max, is located 7 kilometres northwest of its main East Admiral Au-Cu porphyry target."The Max Extension claims cover 2,834 hectares and cover a phyllic altered felsic intrusi...Read More
• Dovish Fed expectations keep the USD bulls on the defensive and helped regain traction. • Bulls seemed rather unaffected by fresh US-China trade optimism/risk-on mood. • Market participants now eye US consumer inflation figures for some fresh impetus. Gold regained positive traction on the last trading day of the week and has...Read More
* Copper on track for biggest weekly jump since Nov. * Dollar claws back earlier losses but metals hold up * Zinc backwardation eases (Adds closing prices, updates dollar, headline)By Zandi ShabalalaLONDON, Jan 11 (Reuters) - Copper prices rose on Friday onhopes for a thaw in a trade dispute between Washington andBeijing, as the two sides prepared for more talks to resolvetheir issues.U.S. officia...Read More
Published 23 Hours AgoUpdated5 Hours AgoReuters Getty ImagesGold edged higher on Friday and was on track for its fourth successive weekly gain, as U.S. stocks slipped and expectations rose that the U.S. Federal Reserve might halt its monetary policy tightening cycle.Spot gold was up 0.1 percent at $1,287.76 an ounce by 2:50 p.m. ET. U.S. gold futures settled $2.10 higher at $1,289.50 per ounce. "...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose Thursday, bringing its winning streak to five straight sessions.Ford Motor Co. (F) declined 0.5% after the automaker said it would exit some of Europe's biggest markets and cut thousands of jobs as car sales around the world slumped.Macy's Inc. (M) fell 17.7% after the retailer revise...Read More
The Thursday Market Minute Global stocks retreat as the impact of progressing U.S.-China trade talks, and a dovish Federal Reserve, fades in favor of a focus on U.S. corporate earnings.Slowing inflation in China suggests the world's second largest economy continues to struggle, while a firmer European single currency clips gains for regional stocks. Global oil markets give back some of yest...Read More