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
Kroger will report earnings before tomorrow's openAlthough the stock market is closed today, things will pick back up tomorrow. Kicking things off bright and early will be Kroger Co (NYSE:KR), set to release its third-quarter report before the market opens Thursday, Dec. 6. Ahead of the event, options traders have been targeting calls, and anticipating another big post-earnings move.Looking at K...Read More
BENGALURU - Palladium is more valuable than gold for the first time since 2002, with prices soaring by around 50 percent in less than four months to record levels - just as gold failed to capitalize on some seemingly bullish scenarios.A sustained supply deficit coupled with robust demand and rising interest from speculators have pushed prices of palladium - used mainly in emissions-reducing cataly...Read More
Altamira Gold Corp. (TSXV: ALTA) reported that it has submitted an application to expand to 300,000 hectares its land position at the Firminho project, located within the Alta Floresta Belt in Mato Grosso, west-central Brazil.Such expansion would be reached by adding new claims that occupy over 70,000 hectares and lie on the northern margin of the belt close to the contact with the sediments of th...Read More
How you can transform lagging indicators into leading indicators. From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of the trading world's constant need to stay ahead of the curve since the first exchange opened its door over 200 years ago.After all, every trader is always looking for an edge... Some way to predict what will happen next... And hopefully...Read More
(Updates with closing prices)By Eric OnstadLONDON, Dec 5 (Reuters) - Copper fell to its lowest level ina week on Wednesday after comments by U.S. President DonaldTrump stoked more worries about trade tensions with top metalsconsumer China.Most other industrial metals were in the red due to concernabout growth in China and after the country's currency slipped.Markets were unconvinced when China exp...Read More
Gold enters December in reasonable shape.The price holds $1200 despite new highs in the dollar index.The Fed Chairman gives a speech that is bullish for the yellow metal.The low came early in 2018; open interest tells us no one expects a significant move.Golden prospects for 2018 - NUGT will magnify results on a rally.Nearby February gold futures on the COMEX division of the CME settled at the $12...Read More
Brazil's outgoing President Michel Temer launched Wednesday a new regulatory agency for the mining sector, linked to the Ministry of Mines and Energy, aimed at making the country's industry more competitive and sustainable.The National Mining Agency (ANM), which replaces the previous National Department of Mineral Production (DNPM), has been tasked with "promoting the management of the mineral res...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell sharply Tuesday, losing nearly 800 points for its fourth worst day ever on worries over the U.S.-China trade deal and concerns over economic growth.Dollar General Corp. (DG) fell 6.8% after the discount retailer reduced its earnings and sales outlooks for 2018.Toll Brothers Inc. (TOL) ...Read More
Jack ChanPosted Dec 3, 2018GLD – on sell signal.***SLV – on sell signal.***GDX – on sell signal.***XGD.TO – on buy signal.***CEF – on buy signal.***GDXJ – on sell signal.***Speculation remains at multi decade low, allowing for a potentially substantial short covering rally in the near future.Speculation remains at multi decade low.Tradable bottom remains in plac...Read More