Recent earnings reactions have been poor for WDAYWhen we checked in on Workday Inc (NASDAQ:WDAY) earlier this month, put buying had been picking up, and that trend has only accelerated since. The 10-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) now stands at 1.75, ranking just 3 percentage points from a 1...Read More
The World Gold Council (WGC) said on Wednesday it would appoint David Tait, an investment banker and member of the Bank of England's market standards board, as chief executive from next year.Tait will take over in February from Aram Shishmanian, the council's CEO for the last decade, the WGC said.Tait's career in banking has included stints at Credit Suisse, UBS and Goldman Sachs as well as severa...Read More
• The precious metal continued with its struggle to register any meaningful recovery and was seen oscillating in a narrow trading band, forming a rectangle on the 1-hourly chart. • Given the overnight bearish breakthrough the $1220 important horizontal support, the rectangle would be categorized as a continuation pattern that marks a pause in the tre...Read More
Surge Exploration Inc. (TSXV: SUR) (OTC: SURJF) today announced that it has entered into a purchase and sale agreement with Venture Capital IQ to acquire a 100% interest in nine mineral claims comprising 197 square kilometres in the Omineca Mining Division in north central British Columbia.The company stated that the region is host to numerous operating mines, good infrastructure including experie...Read More
Gold: 4H: It looks like the corrective move is still continuing as a Triple Zig Zag corrective structure to the upside with the current Price Action in the second W.x which is either still continuing as a Triangle or already complete.Strategy: In either case (Continuation or already complete W.x) we look to initiate longs with SL below W.x low and targets above 1243. The author or any p...Read More
POTUS criticized the Fed chair, per a Washington Post reportThe Dow Jones Industrial Average (DJI) has spent the whole session trading in positive territory -- up triple digits, at last check -- ahead of an early afternoon speech from Fed Chair Jerome Powell. The central bank chief's speech follows harsh comments from President Donald Trump in a Washington Post report about his performance since t...Read More
Infill drilling from March through October at Osisko Mining's (TSX: OSK) Lynx deposit at its Windfall project in the Abitibi greenstone belt in the James Bay region of Quebec, has added ounces and higher grades, the company outlines in a resource update.The company has increased Lynx's indicated resources by 153,000 ounces of gold and boosted its grade from the 7.51 grams gold per tonne in a May...Read More
Chairman Leonard Riggio may 'participate in the potential sale process'Shares of Barnes & Noble, Inc. (NYSE:BKS) are trading up 3.3% at $7.32 today, after a Securities and Exchange Commission (SEC) filing indicated Executive Chairman -- and the firm's biggest shareholder -- Leonard Riggio "is evaluating, and may participate in, the potential sale process" of the company. Early last month, BKS stoc...Read More
Gold is stable since the start of November.Speculators have a weaker conviction in gold prices, the CFTC shows.ETF investors continue to accumulate gold, albeit at a small pace, according to Fastmarkets.Despite a stronger dollar and higher US real rates, gold demand is positive due to higher vol in risk assets.I expect gold prices to remain in an uptrend. Conviction, Stella Kisstiger (Saatchi Art)...Read More
The equity is already pacing for its best month in four yearsWhile the S&P 500 Index (SPX) is on pace for a second straight monthly loss, the airline sector has been flying above broad-market headwinds. In fact, Alaska Air Group, Inc. (NYSE:ALK) stock has added more than 20% so far in November, and is pacing for its best month since October 2014. What's more, ALK shares could extend their uptrend...Read More
It's been a rough stretch for FAANG stocks, but this one could find seasonal tailwindsFAANG stocks have been battered during the stock market sell-off, with several flashing death crosses in recent weeks. Alphabet Inc (NASDQ:GOOGL) is one tech name whose 200-day moving average moved above its 50-day moving average. If history is any guide, the equity could be ready to bounce back, considering GOOG...Read More
The retailer also upped its full-year guidanceThe shares of Dick's Sporting Goods, Inc. (NYSE:DKS) are up 3% to trade at $37.48 this morning, after the athletic goods retailer reported stronger-than-expected third-quarter adjusted profit of 30 cents per share, greater than the 26 cents per-share estimate from analysts. While revenue was in-line with expectations, the company also upped its full-...Read More
Both names are on track to snap lengthy monthly losing streaksThe shares of Weibo Corp (NASDAQ:WB) are trading up 6.2% at $62.76, after the China-based social media name reported third-quarter adjusted earnings of 75 cents per share on $460.2 million in revenue. This was more than analysts were expecting, while advertising and marketing revenues also jumped more than forecast. On the charts, WB st...Read More
LONDON - The World Gold Council (WGC) said on Wednesday it would appoint David Tait, an investment banker and member of the Bank of England's market standards board, as chief executive from next year.Tait will take over in February from Aram Shishmanian, the council's CEO for the last decade, the WGC said.Tait's career in banking has included stints at Credit Suisse, UBS and Goldman Sachs as well...Read More
A coalition of gold investors, including firms backed by billionaires John Paulson and Naguib Sawiris, is taking aim at mining executives who don't have enough skin in the game.Businesses tend to perform better when top managers have a high ownership-to-pay ratio, according to the inaugural report of the newly launched Shareholders' Gold Council, which tracked 17 gold companies."You have a much bi...Read More
How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More
Third-quarter GDP grew by 3.5%, on par with estimatesDow Jones Industrial Average (DJIA) futures are more than 150 points higher, amid easing concerns abouttrade tensions with China. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also confidently higher, powered by a rebound in the tech sector. Investors are also eager to digest comments from Fed Chair Jerome Powell, who will spea...Read More
Salesforce.com and Nutanix are eyeing huge sessions Salesforce.com, Inc. (NYSE:CRM) shares are set to rise after earnings, trading up 8.5% in pre-market action. The enterprise software specialist reported third-quarter earnings that were well above estimates, driven by better-than-expected revenue for the period. Salesforce also raised its full-year outlook. The robust report sparked a handful of...Read More
Emgold Mining (TSXV: EMR) just signed an agreement to sell its 100%-owned Troilus North property to Troilus Gold (TSE: TLG) for 3,750,000 Troilus Gold common shares and C$250,000 in cash.The sale is expected to be finalized the first week of December and upon its completion, Emgold will keep approximately 7.1% of Troilus Gold's issued and outstanding share capital."Emgold is very excited to have b...Read More
Emgold Mining (TSXV: EMR) just signed an agreement to sell its 100%-owned Troilus North property to Troilus Gold (TSE: TLG) for 3,750,000 Troilus Gold common shares and C$250,000 in cash.The sale is expected to be finalized the first week of December and upon its completion, Emgold will keep approximately 7.1% of Troilus Gold's issued and outstanding share capital."Emgold is very excited to have b...Read More