Gold futures finished higher on Monday, staging a partial rebound from their worst single-session drop in two weeks, with prices getting a boost as downbeat U.S. ISM nonmanufacturing data helped pressure the dollar. February gold on Comex GCG9, +0.05% gained $4.10, or 0.3%, to settle at $1,289.90 an ounce, following a 0.7% fall on Friday, its largest daily drop since Dec. 21, according to FactSet...Read More
Gold futures finished higher on Monday, staging a partial rebound from their worst single-session drop in two weeks, with prices getting a boost as downbeat U.S. ISM nonmanufacturing data helped pressure the dollar. February gold on Comex GCG9, +0.05% gained $4.10, or 0.3%, to settle at $1,289.90 an ounce, following a 0.7% fall on Friday, its largest daily drop since Dec. 21, according to FactSet...Read More
QUEBEC - Toronto's Osisko Mining reports a bonanza - 2,223 g/t gold over 2.0 metres - intersection in zone 27 at its Windfall Lake gold project in the James Bay region, 200 km northeast of Val d'Or. The company began an 800,000-metre drill program in 2015, and is currently focused on infill drilling at the main Windfall and Lynx deposits.Windfall has had more than its share of bonanza drill result...Read More
MONTREAL - Osisko Gold Royalties has begun a $100 million share buyback program with an initial investment of $9.8 million towards its normal course issuer bid. The company purchased 849,480 shares at an average price of $11.56 per share during December 2018. The shares will be canceled.The share buyback program was announced last month at the same time Osisko said it had received proceeds of $159...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
Getting "funded" means traders can take risks without putting their own money on the line.It is possible to build a large portfolio and never lose money from a trade ever again.Need proof?Here's how it works... Every day, "regular" traders turn into professional part-time "funded traders" using a unique trading program.All it takes is undergoing training, and learning the materials.Then someone li...Read More
• The precious metal stalled its post-NFP sharp retracement slide from 6-1/2 month tops and managed to find decent buying interest near 200-hour SMA. • A subsequent move beyond 100-hour SMA was seen as a key trigger for bullish traders, with the commodity now trying to form a base above 50-hour SMA. • Technical indicators on t...Read More
Stop picking losers with this strategy used by the richest investors.Forget P/E ratios and earnings per share...Forget the advice to "buy what you know" (no matter what Warren Buffett says)...Forget everything you think you know about picking stocks...The world's richest investors don't pay attention to any of that stuff. They know none of those factors impact the direction a stock's price is abou...Read More
I advised investors to buy Gold when it was trading at 1,217 in October, with a take profit target of 1,300. Last week, Gold hit highs of around 1,298.Macro developments should continue to be supportive of Gold prices, as well as a more accommodative Federal Reserve policy.Wait for a retracement in XAU/USD to 1,240-1,250 to enter Gold. The VIX Index remains at elevated levels, which means the mark...Read More
The shares have been trending lower since AugustThe shares of DowDuPont Inc (NYSE:DWDP) were trading near $72 in late August, before falling all the way down to the $51.32 by Oct. 26. A rebound from here quickly stalled out near DWDP's 40-day moving average, and the shares found their way to a record low of $48.89 on Dec. 26. The equity has since rallied back up to this key trendline, and history...Read More
Healthcare stocks are in focus amid a big industry conference and M&A newsThe Dow Jones Industrial Average (DJI) is moving cautiously higher today, as stocks look to extend Friday's Fed-led rally. U.S.-China trade relations are still in the spotlight, as leaders meet this week to discuss a possible agreement. FAANG stocks Netflix (NFLX) and Amazon (AMZN) are among the notable gainers today, with t...Read More
Tesla options have been popular in recent weeks Tesla Inc (NASDAQ:TSLA) made headlines today after the company broke ground at its Shanghai gigafactory, where it plans to produce its Model 3 vehicle by the end of the year. At the same time, Barclays chimed in on the stock, noting that any falloff in Model 3 U.S. delivery numbers could be offset by strong European sales, though it kept its bearish...Read More
The company made the announcement at the J.P. Morgan Healthcare ConferenceBausch Health Companies Inc (NYSE:BHC) is among the healthcare stocks making noise today. At the closely watched J.P. Morgan Healthcare Conference, Bausch said it expects an increase in year-over-year revenue in 2019, sending BHC stock 6.4% higher to trade at $22.61. What's more, BHC call options are flying off the shelves t...Read More
* Reserves fall $67.24 bln in 2018, vs gain of $129.4 bln in 2017* Reserves rise $11 bln in Dec to $3.073 trln, slightly top f'cast* Trade deal hopes, softer dollar offer some respite for yuan* Forex regulator expects reserves to be generally stable in 2019BEIJING - China's annual foreign exchange reserves fell for the third time in four years in 2018 as the yuan came under strong selling pressure...Read More
Sibanye Gold Ltd. said a protracted strike at its South African gold mines may hurt earnings at a time when the producer remains under pressure to reduce debt.Thousands of workers started a strike in November over pay, and there's inconsistent output at three mines amid limited operations, spokesman James Wellsted said, without saying how many workers are showing up. Sibanye is assessing the impac...Read More
The pharma stock has been in a long-term uptrendBuyout news has dominated the pharmaceutical sector in early 2019, with Eli Lilly and Co (NYSE:LLY) the latest name to announce a big purchase. Specifically, the Indianapolis firm said it was buying cancer drug specialist Loxo Oncology for $8 billion in cash, or $235 per LOXO share. While LOXO stock has jumped 66.4% to trade at $232.72, LLY shares ar...Read More
After a hiatus of more than two years, China is adding to its gold reserves again. The People's Bank of China increased holdings to 59.56 million ounces by the end of December, or about 1,853 metric tons, from 59.24 million ounces previously, according to data on the central bank's website. They had been unchanged since about 130,000 ounces were added in October 2016.The world's biggest producer a...Read More
H.C. Wainwright expects even bigger gains aheadThe shares of penny stock Axsome Therapeutics Inc (NASDAQ:AXSM) are up a whopping 164.4% at $6.95 in early trading, after the company's experimental depression drug, AXS-05, realized its main goal in a mid-stage trial. AXSM is now enjoying one of the biggest gains among U.S. stocks, and touched a two-year high of $7.24 out of the gate. AXSM took a be...Read More
Options traders have remained upbeat on SPOT stockSpotify Technology SA (NYSE:SPOT) shares are under pressure following at least four bearish brokerage notes. The stock this morning was hit with price-target cuts at Guggenheim, Deutsche Bank, Stifel and Nomura, which set their respective marks at $120, $135, $170, and $188. Most analysts are still bullish on SPOT, though, with 16 of 22 handing out...Read More
Short interest has picked up at a rapid pace recentlyThe shares of PG&E Corporation (NYSE:PCG) are down 18.7% in electronic trading, after Reuters reported the California utility company was exploring a bankruptcy filing. The move would be a contingency plan to help manage the costs from insurance liabilities incurred from massive wildfires in November and in 2017. Should today's premarket pric...Read More