Closed yesterday to sob for Bush, Wall Street reopened for business today.It should have stayed closed.The stock market resumed precisely where it left off Tuesday... when the Dow Jones plunged 799 miserable points.It opened today down another 400 or so - and kept going.Only a miraculous late rally reversed the 780-point spiral... and the index closed just 77 points in red.Both the S&P and Nas...Read More
LONDON, 6 December 2018 - Investment rating service Morningstar today carries an interview with BullionVault director of research Adrian Ash on the outlook for gold in UK Pound terms in 2019."Markets are neither pricing in a bad Brexit nor the potential for a Corbyn Government," says the report, quoting Adrian, "whether that be before, during, or after said bad Brexit."If you think you can go to b...Read More
Christine Wang | Fred Imbert | Eustance HuangPublished6:36PM ET Wed,5 Dec 2018Updated1 Hour AgoCNBC.com show chapters Stocks whipsawed in a rollercoaster trading session — Here's what three experts say investors can do next 2 Hours Ago |03:34 Stocks closed well off their session lows on Thursday after news broke that the Federal Reserve could tighten monetary po...Read More
In its quest to become the sole owner of the Pinos gold project, Candelaria Mining (TSXV:CAND) is issuing 7,075,472 common shares to the shareholders of Minera Apolo, a move that will allow the Canadian miner to acquire the 40% it still didn't have of the Mexican company's shares."I am pleased to announce that Candelaria will hold 100% of the Pinos gold project. The recently released PEA shows tha...Read More
- Gold's "setup" is "similar to natural gas before its big rally"- Gold is gaining favour over stocks, bitcoin and cryptos- Metals may be primary beneficiaries of imminent greenback peak- Silver "appears ready for a potential longer-term recovery"- GoldCore editors note: Natural gas is 56% higher year to dateby Bloomberg Intelligence (appeared first on the Bloomberg Terminal)Metals should be pr...Read More
NOVA SCOTIA - Vancouver-based Atlantic Gold Corp. has updated the results for its most recent resource extension drilling at its three gold projects near Halifax.At the Touquoy gold deposit, intersects were of good lengths and there were some very high grades for an open pit project. Assays included 6.25 g/t gold over 6 metres; 5.19 g/t over 5 metres; 1.65 g/t over 16 metres; 1.64 g/t over 9 metre...Read More
Victoria Gold Corp. (TSXV: VIT) has increased the tonnage, gold grade and ounces in the measured and indicated category at its Eagle deposit in the Yukon, where the Toronto-based company expects to start pouring gold in the second half of 2019.Once in production, the open-pit deposit will produce about 200,000 ounces of gold a year for more than a decade, according to a 2016 feasibility study, and...Read More
Troilus Gold Corp. (TSX: TLG; US-OTC: CHXMF) has tripled its land position with the acquisition of 11,300 hectares to the northeast of its Troilus mine project in Quebec.Troilus is advancing its Troilus gold project immediately to the south, and has drilled more than 36,000 metres at the project this year.Last month the company updated the resource to 121.7 million measured and indicated tonnes gr...Read More
After three unsuccessful attempts to go lower currency bears finally gathered enough strength to launch the attack earlier today. Thanks to their action, USD/JPY declined sharply, erasing many days of increases generated by the bulls. How low can the currency pair fall in the coming days?EUR/USD - Trading in the Triangle Earlier today, EUR/USD increased above the upper border of the blue consolida...Read More
Paulson & Co. won some support from a prominent shareholder advisory firm for replacing three members of Detour Gold Corp.'s board, including its chairman, after nominating eight candidates.The recommendation by Glass Lewis & Co. on Tuesday was slightly more forceful than the stance taken by advisory firm Institutional Shareholder Services Inc. on Friday, when it urged shareholders to back Detour'...Read More
It was a historic day for the metal industry after palladium dethroned gold to become the most valuable precious metal. It reached an intraday high of $1253. Gold is now trading at $1240. Palladium has continued its winning streak after being the best performing metal in 2017. The reason for the rally is increased demand in the automobile industry as Europe moves from diesel cars to gasoline cars....Read More
Could this be 9 times more valuable than Google, Facebook, and Amazon combined?It's a gadget you could conceal in the palm of your hand. A gadget that could easily pass through airport security. A gadget that could be mass produced quickly.And a gadget that holds the technology set to blow the lid off a breakthrough $15 trillion tech revolution...Of course, this gadget could stand to make a lot of...Read More
CROX nabbed a multi-year high yesterdayCrocs, Inc. (NASDAQ:CROX) started December off strong, nabbing a seven-year high of $29.80 yesterday. The good times could keep rolling for the shoe retailer, as history suggests CROX shares could be headed even higher in the coming month.Specifically, the stock's Schaeffer's Volatility Index (SVI) of 49% ranks in the 15th percentile of its annual range. Th...Read More
• The commodity's intraday corrective slide, alongside a descending trend-channel, stalled near the $1233 region, with bulls now eyeing a follow-through up-move beyond $1240 level. • The mentioned channel, against the backdrop of the recent rally since late-Nov., constituted towards the formation of a bullish continuation - flag chart pattern on...Read More
The markets finally get the memo on the Trade War! The RBA leaves rates unchanged... Good Day... And a Wonderful Wednesday to you! I know, I know, I said that with today being a Government holiday, that I too would take it as a holiday... But upon further review, there was just too much going on to not write today, so, in the words of Scorpion... here I am... rock you like a hurricane! I dou...Read More
The shares are trading near a historically bullish trendlineTwitter Inc (NYSE:TWTR) rallied hard off its early April lows near $27, eventually topping out at a three-year high of $47.79 in mid-June. The stock has pulled back sharply since then, and after last Thursday's 4.4% plunge following reports that Fox News was boycotting Twitter, is once again testing its 320-day moving average. This could...Read More
Gold traded higher yesterday but hit resistance near the 1243 zone and then, it retreated to find support at around 1233. Although the precious metal has been printing higher peaks and higher troughs recently, it remains within the sideways range that has been containing most of the price action since the 11th of October, between 1212 and 1243. Thus, we will adopt a neutral stance for now. If the...Read More
Gold's breakout moment is fast approaching.Lifting of one of market's biggest worries should encourage demand.Short interest continues to build, making short-covering rally likely.After being relegated to a narrow trading range for the last few months, gold now has its best chance in a while at decisively breaking out of this range. As I've emphasized in recent reports, gold's safety facto...Read More
U.S. stock markets are closed to honor President George H.W. BushU.S. stock markets are shuttered for a national day of mourning for President George H.W. Bush, who last week passed away at the age of 94. The last time Wall Street was shut down to honor someone was Jan. 2, 2007, after President Gerald Ford died. So, do these planned, non-holiday respites tend to invigorate stock market bulls, or j...Read More
The options market is pricing in a larger-than-usual post-earnings move for ULTA stockIt's been a pretty quiet stretch for Ulta Beauty Inc (NASDAQ:ULTA) stock, per its 60-day historical volatility of 26.7% -- in the 22nd annual percentile. The options market is bracing for big swing on Friday, after the cosmetics retailer takes its turn in the earnings confessional after the market closes tomorrow...Read More