Endeavour Mining (TSX: EDV; US-OTC: EDVMF) has increased the Kari Pump indicated resource at its Hounde gold mine in Burkina Faso by 40% at a $9 per oz. gold discovery cost. Kari Pump is located 7 km west of the Hounde mine processing plant.The company has now upgraded 90% of its Kari Pump resource to the indicated category. The deposit contains 11.3 million indicated tonnes grading 2.71 grams go...Read More
The shares are again testing their 200-day moving averageBroadcom Inc (NASDAQ:AVGO) is the top performing S&P 500 Index (SPX) stock today, last seen near session highs, up 5.4% at $238.33. The boost could be attributed to a positive analyst note on Apple (AAPL), with Morgan Stanley reiterating its bullish view on the Dow stock, helping allay recent fears of slowing iPhone sales that have weighed...Read More
Sandstorm Gold Royalties (TSX: SSL) shares jumped 5 % today, after the company announced the board of directors approved the purchase of up to 18.3 million of its common shares between now and the end of 2019, subject to TSX approval.The 18.3 million shares represent approximately 10% of Sandstorm's current shares outstanding, and the company stated its current intention is to complete the entire...Read More
The shares just touched a two-year high todayShares of Halliburton Company (NYSE:HAL) earlier touched a two-year low of $31.75, but were last seen up 0.3% at $32.34 in afternoon trading. The oil stock is attempting to recover alongside crude prices, which only yesterday snapped a record losing streak. Below, we will look into why history says now may be a good time to drop Halliburton stock.On t...Read More
UniQure reported upbeat small study data for its hemophilia drugThe shares of UniQure NV (NASDAQ:QURE) are up 42.1% to trade at $32.41, near the top of the Nasdaq today, after the pharmaceutical firm reported upbeat data for its hemophilia drug, and said it plans to launch a late-stage trial for the gene therapy early next year. Cantor Fitzgerald issued a price-target hike to $65 from $58 in res...Read More
Palladium futures rallied Thursday, notching a third consecutive session climb and their highest settlement on record as growing global demand for the industrial metal continued to highlight the potential for tighter supplies. Gold prices, meanwhile, ended higher, shaking off pressure from a stronger dollar to hold on to a week-to-date gain as U.S. and European equities declined. December palladi...Read More
Palladium futures rallied Thursday, notching a third consecutive session climb and their highest settlement on record as growing global demand for the industrial metal continued to highlight the potential for tighter supplies. Gold prices, meanwhile, ended higher, shaking off pressure from a stronger dollar to hold on to a week-to-date gain as U.S. and European equities declined. December palladi...Read More
The NYT published a scathing report questioning leadership tactics at FacebookStocks have come off their earlier lows, though the Dow is on track to extend its lengthy losing streak. Among individual names making notable moves today are social media stock Facebook, Inc. (NASDAQ:FB), homebuilder KB Home (NYSE:KBH), and drugmaker Arena Pharmaceuticals, Inc. (NASDAQ:ARNA). Here's a quick roundup of w...Read More
Options are flying off the shelves amid concerns about May's governmentFollowing the surprise resignation of severalministers -- including Brexit Minister Dominic Raab -- in protest of Prime Minister Theresa May's Brexit plan, the shares of U.K. bank stocks are getting walloped today. Barclays PLC (NYSE:BCS) and Royal Bank of Scotland Group PLC (NYSE:RBS), for instance, are both swimming in red in...Read More
Benjamin Franklin once said, "An ounce of prevention is worth a pound of cure." Those words could not be anymore true than they are today. Claim a free guide now.Since the year 2000, 555 banks have FAILED and closed their door forever. That averages out to 30 banks a year closing their doors. They were small enough to not qualify for a government bail-out, but now no bank will fail.Instead, many f...Read More
Gold is supposed to provide a safe haven from stormy markets. A place that skittish investors can turn for comfort in the face of uncertainty. When volatility VIX, -9.21% spikes and stocks begin to unravel, it's the shiny stuff's time to shine. In other words, now. This climate is (should be) time for gold bugs to rejoice. So why aren't they? Even as October delivered a gut shot to equities, go...Read More
Gold is supposed to provide a safe haven from stormy markets. A place that skittish investors can turn for comfort in the face of uncertainty. When volatility VIX, -9.21% spikes and stocks begin to unravel, it's the shiny stuff's time to shine. In other words, now. This climate is (should be) time for gold bugs to rejoice. So why aren't they? Even as October delivered a gut shot to equities, go...Read More
(Kitco News)- Gold and silver prices are modestly higher in early-afternoon U.S. trading Thursday.Some worries about the health of the U.S. stock market, following the recentsell-offs and increased volatility, are supporting the safe-haven metals. Theprecious metals bulls are impressed their markets are able to post modest gainstoday in the face of a stronger U.S. dollar index. December gold futur...Read More
Mineworx Technologies Ltd. (MWX:TSX.V; MWXRF:OTCQB) announced it received a patent for its Mineworx HM X-tract modular process for mining gold. U.S. Patent Number 10/124,345 was granted by the United States Patent and Trademark Office.The company develops and sells nontoxic, precious metals extraction solutions for the mining and e-waste industries."The new technology allows us to deploy rapidl...Read More
History suggests AMZN could snap out of its historic slumpLost in all the hubbub surrounding the location of the company's second headquarters, Amazon.com, Inc. (NASDAQ:AMZN) shares have been struggling on the charts. Today, the FAANG stock is down 2.4% to trade at $1,548.92 -- on track for its sixth straight loss, which would mark its longest losing streak since March 2016.However, now may be t...Read More
Wheaton Precious Metals' (TSX: WPM NYSE: WPM) shares dropped 4.4% on Thursday, after the company announced its Q3 results. Headquartered in Vancouver, Canada, Wheaton is the world's largest precious metals streaming company.Adjusted net earnings were $35 million, a steep 49% drop from $67 million in net earnings last year. Revenue fell 8.5% in the same quarter of 2017.The company reported silver p...Read More
The S&P is trying to end its five-day skidWhile the Dow Jones Industrial Average (DJI) remains lower and is headed toward its fifth straight loss -- which would mark its longest losing streak since June -- stocks have recovered much of their early declines. In fact, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are sporting modest gains at midday, with the former index looking to end its fiv...Read More
Despite increased guidance, WMT is testing the century markWalmart Inc (NYSE:WMT) announced mixed third-quarter results last night, and after pointing higher in pre-market trading, the shares are down 1.5% to trade at $100.03, at last check. The big box retailer's quarterly adjusted earnings and same-store sales beat analysts' expectations, and the company lifted its full-year guidance. However, t...Read More
Dr. John-Mark Staude reportsRIVERSIDE DEVELOPS FOUR NEW TARGET ZONES AT THE CECILIA GOLD PROJECT, SONORA, MEXICO Riverside Resources Inc. has received new exploration results at its 100-per-cent-owned Cecilia gold project in northeastern Sonora, Mexico. Recent rock sampling and mapping was conducted on the Cecilia 1 claim following-up on anomalous areas identified during the reconnaissance soil s...Read More
Teranga Gold produced more than 56,000 ounces of gold in the third quarter of 2018.The company raised its production guidance for the full year to between 235,000 and 240,000 ounces, which would be a new record.Construction of Wahgnion on budget and de-risked.Cornerstone investor David Mimran remains very positive on Teranga but is not buying shares for some reason. Introduction I've covered Teran...Read More