COLORADO SPRINGS, Colo., June 05, 2019 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced the expansion of Isabella Pearl Mine mineralization with intercepts within and outside the current open pit deposit boundary. Drill intercepts outside the pit boundary include 22.86 meters of 1.03 grams per tonne (g/t) gold, including 4.57 meters of 2.02 g/t...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: Dave KranzlerAn inverted yield curve has historically been the most accurate indicator of an impending or concurrent recession. The inversion during late 2006 and most of 2007 is a good example. Studies have shown that curve inversions precede a recession anywhere from 6 months to 2 years. I would argue that, stripping away the affects of inflation and data manipulation, real economic activi...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
Domestic transaction prices for hot-rolled coil (HRC) in the EU have moved up over the past week and steelmakers were looking for further price rises, market sources told Fastmarkets on Wednesday June 5.Fastmarkets' weekly price assessment for domestic HRC in Northern Europe was ?,?485-495 ($546-557) per tonne ex-works on Wednesday, up by ?,?5 per tonne week-on-week.The assessment represented tran...Read More
The semiconductor company cut its forecast on Huawei headwindsIt was no secret that the Trump administration's crackdown on China's Huawei would be bad news for Skyworks Solutions Inc (NASDAQ:SWKS), and the company confirmed those fears last night by lowering its third-quarter outlook. The Massachusetts-based semiconductor manufacturer now expects sales between $755 million and $775 million for th...Read More
Guggenheim thinks Roku can rally another 27%Guggenheim upgraded Roku Inc (NASDAQ:ROKU) stock to "buy" from "neutral," and boosted its price target to $119 from $75 -- a 27% premium to last night's close, and the second highest on Wall Street. Analyst Michael Morris called Roku's asset value "compelling," and said growth in account and streaming metrics and accelerating third party demand are among...Read More
The benchmark copper price London Metal Exchange ended 1.5% lower on Wednesday June 5, leading the rest of the base metals lower.The three-month copper price closed at $5,807 per tonne, not far above its 2019-to-date low of $5,725 per tonne. "Our technical indicators suggest LME copper is still in a prevailing downtrend. We would not be surprised by renewed selling pressure," Fastmarkets base...Read More
RWLK scored a big FDA win with its exo-suitThe Nasdaq is bookended by two healthcare stocks today. At the top, there's medical device concern ReWalk Robotics Ltd. (NASDAQ:RWLK), a whopping 160% higher to trade at $8.63, after the Food and Drug Administration (FDA) cleared the company's ReStore Exo-Suit for sale at U.S. rehab clinics. The suit is designed for stroke survivors with mobility issues....Read More
GameStop just reported a first-quarter revenue disappointment, and halted its quarterly dividend The video game retailer GameStop Corp (NYSE:GME) took a massive hit today, after its first-quarter earnings report sparked a major sell-off in early morning trading. While the firm reported earnings that beat analysts' expectations, GME's revenue of $1.55 billion came in lower than the estimated $1.64...Read More
This morning's jobs data badly missed expectationsFutures on the Dow Jones Industrial Average (DJI) are trading above fair value, as stocks try to build off their best day in months on Tuesday. However, investors this morning were greeted by a bad miss in the ADP employment report, with just 27,000 private payrolls added in May, compared to 173,000 expected -- potentially adding to recent fears of...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday June 5 that are worth another look.Nickel market analysts were resolutely bearish during a pricing panel at Fastmarkets' seventh International Nickel conference in Amsterdam on Wednesday June 5, forecasting that the London Metal Exchange three-month nickel price is unlikely to breach $13,000 per tonne this year. ArcelorMittal...Read More
When the next downturn will occur?Why does this recovery diverges from the historical pattern?What it all means for the gold prices?We are just a few weeks from breaking the record. If the current US economic expansion lasts until July 2019, it will reach 121 months, becoming the longest ever. The extended duration of the prosperity begs the question of when the next downturn will occur. We invite...Read More
Gold shines again following the dovish rhetoric from the Fed.Gold's spec positioning is not heavily long, suggesting plenty of dry powder on the long side to deploy.ETF investors bought gold at a remarkable rate at the start of the week, highlighting a potentially positive swift in sentiment.We see GLDM at $13.50/share by Q2-end.Introduction Welcome to Orchid's Gold Weekly report. We discuss gold...Read More
The Midas Metal has spent the last 6 years putting traders and investors to sleep.Investors normally want a better return for tying up their money for longer periods.Our biggest concern is overall investor complacency.Unfortunately, for the bulls, gold has been anything but good. The Midas Metal has spent the last 6 years putting traders and investors to sleep. It has oscillated between a high of...Read More
Low bond yields and the languished equity markets will make gold an attractive investment.Projected Fed rate cuts will weaken the dollar, subsequently increasing the value of gold.JNUG's 3x leverage provides an adequate tool for investors to profit on the a short-term price movement in gold.Intro: After gold hit its year-to-date bottom of 1266.65 on May 2nd, gold has rallied 5.2% to $1323 in t...Read More
The GFG Alliance, owner of global steelmaker Liberty House, has appointed Neil Barrell global head of integration and performance, it said on Wednesday June 5.Barrell will begin his new role on July 1 and will have "a remit to optimize GFG's growing network of manufacturing operations," GFG Alliance said.Liberty House owns several steel mills across the...Read More
The global alumina market has become more sentiment-driven over the past year and knee-jerk reactions have become more common, market sources told Fastmarkets.A significant part of this change was a consequence of the chaos that developed in the market after producer Norsk Hydro was compelled to declare force majeure at its Alunorte alumina refinery in Brazil in March 2018."If I look back, this is...Read More