Barrick Gold's incoming chief executive said he wants to pull together Tanzania's mining industry to tackle a "desperate" tax dispute that has snared several companies, including the firm's Acacia Mining unit.In an increasingly acrimonious conflict that has lasted almost two years, the government has torn up mining contracts, hiked taxes and royalties, and banned raw minerals exports. Randgold fou...Read More
Apple shares are headed toward their worst weekly rout in yearsIt was a dismal Thanksgiving week on Wall Street, as continued weakness in the tech sector took a toll. A disappointing batch of retail earnings ahead of Black Fridayand a continued rout in oil prices only added to the bearish buzz, and despite a brief respite in the selling pressure on Wednesday, all three major benchmarks are headed...Read More
Oil prices have fallen to a more than 12-month lowStocks are looking getting crushed once more today, thanks again to a tech sell-off, but also because of plummeting oil prices, which earlier fell to a more than 12-month low. Among individual oil names making moves lower are Schlumberger Limited (NYSE:SLB), Marathon Oil Corporation (NYSE:MRO), and Halliburton Company (NYSE:HAL). Here's a quick lo...Read More
A free tool can help traders bank big this earnings season.We are in middle of Earnings season, which means the time to bank some big wins is now.Tech stocks (AAPL, FB and BIDU) just released Earnings few days ago, and you need to position yourself now in order to make maximum profit from it.One company can help any investor do just that.They've developed a tool that predicts volatility based on...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
There are several reasons to be bearish on GME stockThere hasn't been much good news surrounding GameStop Corp. (NYSE:GME) stock in the past year. The shares have been punished, touching a 13-year low of $12.14 earlier this week. And while they enjoyed a rare upside move on Wednesday thanks to the sale of the company's Spring Mobile business, they're back in the red today. Now with earnings due ou...Read More
Most of the stock market suffered in October -- but not DG sharesWhen most people think of Black Friday, they likely don't conjure up images of Dollar General Corp. (NYSE:DG). However, the discount retailer appeared on our radar for several reasons recently. To start, the stock tends to do well after Black Friday. In addition, DG shares just flashed a historical buy signal ahead of earnings next m...Read More
Mr. Eric Edwards reportsTRIMETALS MINING INC.'S SUBSIDIARY, SOUTH AMERICAN SILVER, AWARDED APPROXIMATELY US$28 MILLION (INCLUDING INTEREST) IN ARBITRATION PROCEEDINGS AGAINST THE GOVERNMENT OF BOLIVIA On Nov. 22, 2018, an arbitration tribunal of the Permanent Court of Arbitration in The Hague, Netherlands, issued an award awardingTrimetals Mining Inc.'s wholly owned Bermudan subsidiary, South Amer...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
BTU Metals (TSXV: BTU) has expanded its Dixie Halo gold project in Red Lake, Ontario, by acquiring Burgudy Exploration and its 41.6 sq. km of prospective land in the area. Dixie Halo surrounds Great Bear Resource's (TSXV: GBR; US-OTC: GTBDF) Dixie gold project and raises BTU's total Red Lake land position to 129 sq. km.BTU will acquire Burgundy for 3.6 million sharesThe company will call its new c...Read More
FAANG stocks are dragging the tech sector down again todayThe broader stock market has resumed its sharp sell-off today, led by the spiraling tech sector. More specifically, FAANG stocks are significantly lower today, with Facebook, Inc. (NASDAQ:FB) and Apple Inc. (NASDAQ:AAPL) under pressure amid some negative headlines.Facebook Under More Public Pressure From SorosFor Facebook, the social medi...Read More
The shares have had a more volatile-than-usual 60-day stretchThe shares of United Technologies Corporation (NYSE:UTX) are up 2.4% at $128.73, after China approved the blue-chip defense firm's record $23 billion buyout of aircraft parts manufacturer Rockwell Collins (COL). The deal, which was first announced in September 2017, received the green light from U.S. and European regulators earlier this...Read More
Some penny stock news for this Black Friday on Wall StreetTwo low-dollar stocks making notable pre-market moves are Auris Medical Holding AG (NASDAQ:EARS) and Orchids Paper Products (NYSE:TIS). The shares of both EARS and TIS are set to rise at the open, so we'll take a closer look at the stocks below. For EARS, the security is set to rise almost 23% at the open, following news the company's CEO T...Read More
II bulls haven't been this prevalent in yearsBack in September, when the major stock market indexes were still flirting with new highs, optimism on Wall Street was unsurprisingly elevated. Specifically, the number of bullish newsletter advisors surveyed in theInvestors Intelligence (II) poll was at its highest point since January. However, unless you've been hiding under a rock, you're aware that...Read More
All three benchmarks are heading toward steep weekly lossesFutures on the Dow Jones Industrial Average (DJI) are down more than 100 points on Black Friday, set to continue the slide that defined Wednesday's last-minute pivot lower. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are in the red as well, as tech shares -- and, more specifically, FAANG names -- appear set to resume their se...Read More
• Bulls fail to capitalize on the recent recovery move from over one-month lows. • A goodish recovery in European equities dampens safe-haven demand. • A modest USD rebound adds to the selling bias and contribute to the downfall. Gold finally broke down of its Asian session consolidation phase and dropped back closer to the $12...Read More
Camino Minerals (TSXV: COR) announced this week that it is in the process of completing an extensive surface exploration program on the 20,000-hectare Chapitos copper-gold project in southern Peru.Chapitos is located in the Arequipa province, near the Chala mining hub. This is the Peruvian Iron Oxide Copper Gold belt, which also hosts Minsur's Mina Justa, an open-pit deposit whose output is of 90,...Read More
Camino Minerals (TSXV: COR) announced this week that it is in the process of completing an extensive surface exploration program on the 20,000-hectare Chapitos copper-gold project in southern Peru.Chapitos is located in the Arequipa province, near the Chala mining hub. This is the Peruvian Iron Oxide Copper Gold belt, which also hosts Minsur's Mina Justa, an open-pit deposit whose output is of 90,...Read More
Camino Minerals (TSXV: COR) announced this week that it is in the process of completing an extensive surface exploration program on the 20,000-hectare Chapitos copper-gold project in southern Peru.Chapitos is located in the Arequipa province, near the Chala mining hub. This is the Peruvian Iron Oxide Copper Gold belt, which also hosts Minsur's Mina Justa, an open-pit deposit whose output is of 90,...Read More
New mining projects, particularly in the gold sector, are expected to drive strong economic growth in Canada's far north, with Yukon and Nunavut surpassing the rest of Canada by 2010, a new report shows.According to The Conference Board of Canada's latest Territorial Outlook, the nearby Northwest Territories (N.W.T.), however, face challenging times as the diamond industry there matures and prod...Read More