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
155,000. The November job gains disappointed. But the unemployment rate remained at 3.7 percent. What does it all mean for the gold market? Job Creation Disappoints, but Unemployment Rate Is Still Low U.S. nonfarm payrolls slowed down in November. The economy added just 155,000 jobs last month, following a rise of 227,000 in October (after a downward revision). Moreover, the weak headline number w...Read More
The tech concern has found support at its 200-day moving averageShares of Cisco Systems, Inc. (NASDAQ:CSCO) are up 0.7% to trade at $47.20, after analysts at Wolfe Research initiated coverage with an "outperform" rating and a $56 price target -- representing expected upside of about 20% to Monday's close, and in territory not charted since 2000. This follows yesterday's win when CSCO -- along wit...Read More
Kirkland Lake Gold (TSX: KL; NYSE: KL) expects production growth of 10%-15% each year over the next three years with consolidated output of 740,000-800,000 ounces of gold next year, 850,000-910,000 ounces in 2020 and 945,000-1.05 million ounces in 2021.Production growth in 2019 will be driven by its Fosterville mine in Australia, 20 km from Bendigo in the state of Victoria. Fosterville is forecas...Read More
Kirkland Lake Gold (TSX: KL; NYSE: KL) expects production growth of 10%-15% each year over the next three years with consolidated output of 740,000-800,000 ounces of gold next year, 850,000-910,000 ounces in 2020 and 945,000-1.05 million ounces in 2021.Production growth in 2019 will be driven by its Fosterville mine in Australia, 20 km from Bendigo in the state of Victoria. Fosterville is forecas...Read More
U.S. production of lithium is set to increase 1,300% in the next 2 years.Who wouldn't be happy with 614% gains in a very short amount of time?Well that's what one lithium mining stock did in just under 12 months. But only Australians could reap the rewards of that slam-dunk.Until now that is. The very same "secret sauce" that led to that stock's meteoric rise is now being implemented here in Ameri...Read More
Amarc Resources (TSXV: AHR; US-OTC: AXREF) has identified five clusters of drill ready targets that cover areas ranging from 1.5 sq. km to more than 5 sq. km during 2018 exploration at its JOY copper-gold project in north-central B.C.'s Toodoggone region.Hudbay Minerals (TSX: HBM; NYSE: HBM) funded the $2.5 million exploration program. It also spent $1.15 million in 2018 to help Amarc acquire un...Read More
The major equity benchmarks are higher for a second straight dayU.S. stocks are enjoying broad gains at the halfway point today. While a strong day for Nike (NKE) is lifting the Dow Jones Industrial Average (DJI), tech and energy stocks are some of the strongest performers, helping boost the S&P 500 Index (SPX) and Nasdaq Composite (IXIC). Traders continue to respond to the positive headlines surr...Read More
AMZN's 320-day moving average contained its sharp pullback in OctoberThe struggles of Amazon.com, Inc. (NASDAQ:AMZN) and its FAANG peers were well-documented amid the broad market sell-off. Today, though, AMZN is up 0.9% to trade at $1,654, after Cowen named the stock its best idea for 2019. More specifically, the brokerage firm waxed optimistic about the company's Prime and Amazon Web Services bu...Read More
"I think things have improved, but then I think there are gigantic holes in the system," Yellen says.The former Fed chair cites leverage loans as an area of concern and says there remains an agenda of unfinished regulation.She also says rates will remain lower than they have been in past decades.Steve Liesman| @steveliesmanPublished 13 Hours AgoUpdated6 Hours AgoCNBC.com show chapters Yellen wa...Read More
The brokerage firm set a Street-low price target on the Inbrija parentThe shares of Acorda Therapeutics Inc (NASDAQ:ACOR) are spiraling today, after Goldman Sachs downgraded the drug stock to "sell" from "neutral," and nearly halved its price target to $10 from $19 -- a roughly 50% discount to last night's close, and the lowest target on Wall Street. The brokerage firm expects Ampyra revenue to ea...Read More
DA Davidson: The NutriSystem deal shows WTW is undervaluedNews that Tivity Health (TVTY) boughtNutriSystem (NTRI) helped Weight Watchers International, Inc. (NASDAQ:WTW) stock snap a three-day losing streak yesterday. What's more, an analyst at DA Davidson said that based on the same valuation metrics of the NTRI deal, WTW stock is undervalued by 15% to 36%. Further, the analyst reiterated a "buy...Read More
Many base projections about the market based upon recent history.Markets are not linear, so our analysis should not be.The market is providing us with signs of strong storm clouds developing over the next few years.When will the next great gold bull market begin? What's the delay?Are there 50x returns waiting at current crypto prices?The story behind the interview: Stocks (SPY), gold (GLD), an...Read More
• The precious metal trimmed a part of its daily gains to $1250 area and is currently placed at the lower end of an intraday ascending trend-channel formation. Gold 15-mins. chart • Looking at a slightly higher time-frame (1-hourly chart), the commodity has been showing resilience below 50-hour SMA and near a short-term ascending trend-line. 1...Read More
However, don't give up hope for a Santa Claus rallyDecember -- a historically bullish month -- started out rough for U.S. stocks, amidmixed signals on U.S.-China trade relations, concerns about bond yields and oil prices, and a high-profile arrest, just to name a few reasons. In fact, the S&P 500 Index (SPX) was down 4.44% as of yesterday's close, which marked the fifth trading session of the mont...Read More
The shares have found support at their 80-day trendline and +10% YTD return Taco Bell parent Yum! Brands, Inc. (NYSE:YUM) has shown resiliency during the recent broad-market sell-off, with all pullbacks since mid-October neatly contained by the stock's rising 80-day moving average. What's more, the security found a new layer of support at its +10% year-to-date return during last week's retreat fro...Read More
South African gold output contracted for a 13th consecutive month in October, the longest streak of declines in six years, as the industry battles unprofitable mines and labor strikes.Gold production declined 15.1 percent from a year earlier, the Pretoria-based statistics office said Tuesday in a statement on its website. Total mining output rose 0.5 percent.Key insights:Dwindling output has cut g...Read More
The brokerage firm initiated coverage with an "outperform" ratingLeerink initiated coverage on CVS Health Corp (NYSE:CVS) with an "outperform" rating and $100 price target -- a 36.4% premium to last night's close. The brokerage firm called concerns over the company's in-house pharmacy benefits manager (PBM) exaggerated, and waxed optimistic over CVS' cost savings forecast following its Aetna buyou...Read More
Australian gold miner Newcrest Mining (ASX:NMC) is betting big on Chile's geological gold potential by closing two deals with exploration juniors in the South American country, the world's top copper producer.The Melbourne-based company kicked off the week by signing an option agreement with Canada's Cornerstone Capital (TSX-V:CGP), which could result in the gold miner acquiring up to a 75% int...Read More
Australian gold miner Newcrest Mining (ASX:NMC) is betting big on Chile's geological gold potential by closing two deals with exploration juniors in the South American country, the world's top copper producer.The Melbourne-based company kicked off the week by signing an option agreement with Canada's Cornerstone Capital (TSX-V:CGP), which could result in the gold miner acquiring up to a 75% int...Read More