This resulted from the company wanting greater exploration impact and looking outside of its defined resource. Auryn Resources Inc. (AUG:TSX; AUG:NYSE) delineated two more targets at its Homestake Ridge project, it announced in a news release. The discovery of these additional targets on its property in British Columbia's Golden Triangle resulted from the company's thorough review of historical d...Read More
The company will tackle the most advanced, highly prospective targets first. Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE) announced in a news release this season's exploration plans for its Stillwater West platinum group elements-nickel-copper project in Montana.The company intends to drill three advanced, priority targets identified through three-dimensional project modeling: Chrome...Read More
The goal is to gather additional geophysical data on this high-grade epithermal asset. American Pacific's Tuscarora Project DrillingAmerican Pacific Mining Corp. (USGD:CSE; USGDF:OTC) announced in a news release that a crew is at its Tuscarora project in Nevada this week to conduct a comprehensive gravity survey to supplement the gravity data collected there last year.Magee Geophysical Services,...Read More
Domestic prices for hollow steel sections in Europe were unchanged this week, but feedstock costs have begun to recover from recent losses, sources told Fastmarkets on Wednesday June 5.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was unchanged week on week at ?,?600-630 ($675-709) per tonne delivered on Wednesday.Some market p...Read More
This was the Dow's second straight triple-digit gainThe Dow nabbed its third straightwin today -- and second-straight triple-digit gain -- after weak jobs dataunderscored expectations for a Fed interest rate cut. Wall Street also breathed a collective sigh of relief after White House advisor Peter Navarro downplayed the possibility of President Donald Trump's proposed tariffs on Mexican imports g...Read More
The tech sector's recent pullback has created buying opportunitiesIt's been a rough stretch for tech stocks, with the Nasdaq Composite (IXIC) starting the month of June in correction territory. This recent pullback has created some buying opportunities throughout the sector, with software stocks Keysight Technologies Inc (NYSE:KEYS) and Adobe Inc (NASDAQ:ADBE) both trading near trendlines with his...Read More
A quick check on data for Zoom Video and Docusign before earningsLooking at this week's earnings schedule, software stocks Zoom Video Communications Inc (NASDAQ:ZM) and DocuSign (NASDAQ:DOCU) are set to take the stage, both companies reporting quarterly numbers after the close tomorrow, June 6. We'll take a quick look at ZM and DOCU data to give traders a quick preview before the events. ZM stock...Read More
* EU Commission says procedure against Rome is warranted * If started in next weeks, procedure could lead tosanctions * Brussels open to changing analysis if Italy makescommitments * IMF sees Italy's debt as major risk to euro zone (adds details, quotes)By Francesco Guarascio and Jan StrupczewskiBRUSSELS, June 5 (Reuters) - The European Commissionconcluded on Wednesday that Italy is in breach of E...Read More
One stock is fresh off a new record lowThe Dow continues its rally today, as weak jobs data boosts investors' expectations for a potential rate cut. Several earnings were on the roster today, too, including tech stock Pivotal Software Inc (NYSE:PVTL) and household soup name Campbell Soup Company (NYSE:CPB). Below, we'll take a look what's driving PVTL and CPB's post-earnings swings. PVTL Stock S...Read More
The equity's recent pullback could be a buying opportunityShares of marijuana concern Cronos Group Inc (NASDAQ:CRON) are higher today, after BofA-Merrill Lynch reversed its position on the stock, upgrading CRON to "buy" from "underperform." The brokerage firm also hiked its price target to $27 from $17, waxing optimistic on the company's partnership with Altria (MO) and its growth potential in the...Read More
By: Richard (Rick) Mills Gold was riding high Monday on bad news regarding the US economy, causing stocks to fall and Wall Street traders to pile into bullion. US markets were choppy on the first trading day after June 1, when the United States increased the tariff on $200 billion of Chinese imports from 10% to 25%. Shares of the so-called 'FAANG' stocks slumped, pulling the S&P 500 and the D...Read More
Walmart is one of the best Dow stocks at middayThe Dow Jones Industrial Average (DJI) is riding higher -- pacing for its third straight win -- as this morning's weak jobs data keeps the spotlight on a potential Fed rate cut. Walmart (WMT) is one of the best Dow stocks at midday, as the mega-retailer kicks off its annual shareholders meeting. Easing trade tensions are creating tailwinds, too, with...Read More
Previously, I have shown how we could beclose to major financial/monetary crisis. The following chart that shows theratio of gold to the monetary base was used: Thechart shows the ratio of the gold price to the St. Louis Adjusted Monetary Baseback to 1918. That is the gold price in US dollars divided by the St. LouisAdjusted Monetary Base in billions of US dollars. (from macrotrends.com) More deta...Read More
By: Avi GilburtFirst, I want to begin this article by thanking all those who read my articles for the amazing outpouring of support and prayers for my wife who is recovering from a freak accident. So, with her sleeping right now, I thought I would pen another article to at least keep myself somewhat busy.Over the years, I have published many price trend change expectations which have hit quite w...Read More
By: Stewart Thomson, Graceland Updates 1. The powerful sell signals I have in play for US stock markets at my www.guswinger.com trading service show no signs of abating.2. Please click here now. Double-click to enlarge this Nasdaq ETF chart. 3. President Trump unleashed a huge corporate tax cut early in his presidency, and that was very positive news for the stock market. Since...Read More
Every dog has its day, and Tuesday's vicious short squeeze was a pooch-lover's delight. DaBoyz even managed to goose Tesla for a 9% gain. Although that won't be nearly enough to reverse the death spiral in the automaker's shares, it will suffice to spook traders who have been shorting the stock with impunity for the last couple of months. Scandal-plagued Boeing was a relatively modest gainer amo...Read More
Trading volumes will be very less in Asia and even in Europe due to "Eid". There has been lots of news which gives a sense that precious metals are about to move away from the shackles of continued manipulation. I am hopeful that gold and silver will draw more and more short-term investors as well as medium term investors. 1. China has issued travel warning to its citizens travelling t...Read More
South Korean steel majors Posco and Hyundai Steel have both been asked by provincial governments to idle their blast furnaces over pollution levels, market sources told Fastmarkets MB on Tuesday June 4."However, there is no confirmation as to whether both steelmakers will stop their blast furnaces and they...Read More
Volatility could ramp up in the near termI'm old enough to remember when there was only one expiration date per month available for options on stocks. It was the third Friday of each month. That's still the most heavily traded expiration date, but with weekly expiration dates now available on so many stocks, there's less focus on how the third Friday of the month affects stocks. This month, howeve...Read More
A historically bearish signal just sounded for Weight Watchers The diet and weight loss concern Weight Watchers International Inc (NASDAQ:WW) has taken a beating on the charts recently. Since a post-earnings bear gap in late-February had the shares plummeting beneath the $25 level for the first time in two years, the shares have made several attempts at a rebound -- the most successful of which wa...Read More