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
Oil enjoyed its best day in months, rallying alongside the equities marketThe Dow enjoyed a big rebound today, trading broadly higher as it gained over 300 points. The win comes as FAANG stock Amazon (AMZN) rocketed higher amid upbeat headlines about Cyber Monday sales figures, which are poised to set a record of around $7.8 billion, per industry estimates. A General Motors (GM) rally also pushed...Read More
Venezuela made an partial payment of a settlement designed to resolve a $1.2 billion arbitration award to a bankrupt Canadian gold miner that's laying claim to the assets of the parent of refiner Citgo Holding Inc. if it's not paid in full.Crystallex International Corp. received $425 million in November, and will suspend all enforcement efforts until at least early next year, according to Canadian...Read More
The brokerage firm also started the chip stock with an "outperform" ratingThe U.S. stock market is soaring on Cyber Monday, with the Dow up 275 points at last check. Among individual names making notable moves today are casino Wynn Resorts, Limited (NASDAQ:WYNN), chip designer Nvidia Corporation (NASDAQ:NVDA), and gene therapy specialist Rocket Pharmaceuticals Inc (NASDAQ:RCKT). Here's a quick loo...Read More
Gold prices gave up earlier gains to settle slightly lower on Monday, with strength in global stock markets dulling investment demand for the precious metal. European stocks got a boost Monday on hopes that the Italian government may be able to find some common ground with the European Union over its budget. U.S. stocks also climbed following the worst Thanksgiving-week performance in seven years...Read More
ONTARIO - The skyline of Kirkland Lake changed recently when the 65-metre-tall concrete headframe for Kirkland Lake Gold's new Macassa No.4 shaft was slip formed in just 10 days.Another significant event in the No.4 shaft construction occurred when the team of Cementation, Tesc, Anmar, Northern Equipment, Niiwin GP, Shaba Testing, Peter Bull, MDB Mining, the Ontario Provincial Police, and Kirkland...Read More
CIEN also recently pulled back to a notable moving averageCiena Corporation (NYSE:CIEN) once again showed up on Schaeffer's Senior Quantitative Analyst Rocky White's list of the 20 S&P MidCap 400 Index (MID) stocks that saw the most options activity in the past 10 days. Names highlighted yellow are new to the list. CIEN options traders have recently taken a strong interest in put options, though t...Read More
• Over the past one week or so, the precious metal has been finding decent support near the $1220 horizontal zone but has been struggling to make it through a descending trend-line. • The combination of a descending trend-line and a horizontal support constituted towards the formation of a descending triangle on hourly charts, pointing to a nea...Read More
A dramatic sell-off in commodities comes at a time when traders are closely monitoring a flurry of market drivers.So far this month, oil prices have collapsed on intensifying oversupply concerns, metals have fallen amid worries over slowing economic growth and investors continue to fret about the ongoing trade war between the world's two largest economies.Sam Meredith| @smeredith19Published 11 Hou...Read More
A maiden resource estimate on Eldorado Gold's (TSX: ELD; NYSE: EGO) Bolcana copper-gold project in Romania, about six km from the company's Certej project, has delivered 6.5 million inferred ounces of gold.The inferred resource of 381 million tonnes grading 0.53 gram gold per tonne and 0.18% copper for 6.5 million ounces of contained gold and 686,000 tonnes of copper, was based on 98 diamond drill...Read More
One REIT has ended the month higher 100% of the time over 10 yearsIt's been a rough couple of months for the stock market, with the S&P 500 Index (SPX) pacing for a second straight monthly loss -- something we haven't seen since the first quarter. However, several stocks could muscle higher in December, if past is prologue. Most notably, California-based real estate investment trust (REIT) Maceric...Read More
Stocks slightly extended their downtrend on Friday despite a long-holiday-weekend shortened trading session. The S&P 500 index traded closer to its late October low. Will it reverse upwards off the support level?The U.S. stock market indexes lost 0.5-0.7% on Friday, as investors' sentiment remained bearish following the recent declines. The S&P 500 index fell slightly below its Tuesday's l...Read More
Gold price faced a solid resistance near the $1,229 and $1,230 resistance levels against the US Dollar. The price declined recently below a major bullish trend line with support at $1,227 on the hourly chart, and traded towards the $1,220 support where buyers emerged. Later, the price started an upside correction and moved above the $1,224 level and the 50% Fib retracement level of the last decli...Read More
(Updates prices) * Palladium climbs after declining 3 pct on Friday * Speculators raise net gold short positions in week to Nov.13 * GRAPHIC-2018 asset returns: By Swati VermaNov 26 (Reuters) - Gold firmed on Monday, supported byuncertainty over the future pace of U.S. interest rate hikes andthe outcome of the G20 summit later this week when globalleaders will focus on trade tensions.Spot gold was...Read More
Newmont Mining's (NYSE: NEM) Ahafo mine in western Ghana started producing gold from an open pit in 2006 and now the underground portion of the mine has launched commercial production on schedule and within budget.Starting next year, Subika underground will add an average of between 150,000 and 200,000 ounces of gold production a year over the first five years of an initial mine life of about 10 y...Read More
* Majority ownership only applies now to diamonds, platinum* Some miners see scope for flexibility* Government to lay out frameworks to various mineralsLONDON - Zimbabwe does not plan to change its ownership rules for diamonds and platinum, its mining minister said on Monday, denting hopes among some miners the country will open up ownership as it announces mineral frameworks in coming weeks.Zimba...Read More
AXP, JPM, and GS are at the top of the Dow todayThe Dow Jones Industrial Average (DJI) is up triple digits at midday as financial stocks American Express (AXP), JPMorgan Chase (JPM), and Goldman Sachs (GS) surge. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are higher, as well, with online retail behemoth Amazon (AMZN) getting a boost on strong Black Friday and Cyber Monday sales forecasts....Read More
Toronto, Ontario - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) (the "Company" or "Seabridge") announced today that it has closed its previously announced non-brokered private placement of one million common shares of the Company at a price of $14.00 per share for gross proceeds of $14,000,000. No commissions were payable on this transaction. The proceeds from the financing will be used to fund gener...Read More
Evidence of a looming financial crisis may be growing, according to Harry Dent.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and China's recent stock market decline - years before they happened - has issued a new earth-shattering statement:"The Dow is set to embark on a catastrophic plunge...all the way down to 6,000."Harry Dent recently explained: "Nations are...Read More
GM is shuttering three North American plants and cutting its salaried workforceGeneral Motors (NYSE: GM) stock is up this morning, as traders digest the company's production update. The Detroit automaker plans to halt production at three North American assembly plants -- in Ohio, Michigan, and Oshawa, Ontario -- and said it will end operations at two more plants outside of North America by the en...Read More