Much of the glowing press coverage today was focused on the uptick in manufacturing data coming out of China, as reported by the Caixin Manufacturing PMI (Purchasing Managers Index)Continue...Read More
"JPMorgan Chase could incur significant losses arising from concentrations of credit and market risk. JPMorgan Chase is exposed to greater credit and market risk to the extentContinue...Read More
Sable Resources (TSXV: SAE) has extended the mineralized corridor at its Margarita silver project in Chihuahua State, Mexico, 350 metres to the northwest with results from its ongoing 19 hole Stage 2 drill program.The company is targeting the project's Margarita Vein, where it recently drilled the project's best intercept to date. Hole 24 cut 116.93 grams silver, 0.7% zinc, 0.21% lead and 0.17 gra...Read More
Dominic discusses the problems with uranium which is the public mistrust of nuclear power and why it may take higher prices in oil or another event to convince the public that nuclear is still worthwhile. He remains a gold bug, but he questions what golds role will be in the future with an increasingly digital economy. Gold needs to get above technical resistance at 1360 for him to be fully bullis...Read More
Drilling 100 metres to the west of the diorite that hosts Wesdome Gold Mines' (TSX: WDO) Eagle River mine in Ontario has encountered a new discovery zone called Falcon, the company reports.Surface exploration drilling returned 73.5 grams gold over 1.3 metres starting from 209 metres downhole and 18.5 grams gold over 5.8 metres from 170 metres downhole.It is a positive indication of the potential g...Read More
Eldorado Gold Corporation has announced that as of April 1, 2019, mining, crushing and placing of ore on the Kisladag heap leach pad has resumed. This follows the company's announcement on January 30, 2019, that it would resume full operations at Kisladag. Further testwork is underway to determine the effects of a 250 day leach cycles on deeper material, the results of which are expected to be ava...Read More
IBM and Sandvik Mining and Rock Technology announced this week that they are joining forces and launching OptiMine Analytics, a solution that transforms data into process improvements via predictive insights and actionable dashboards embedded into operation management systems.In a press release, the companies said that the technology is particularly useful when it comes to dealing with failing equ...Read More
The Royal Canadian Mint announced this week the launching of three new bullion coins targeted at precious metals investors.In a press release, the institution said that the pieces include double-incuse Gold and Silver Maple Leaf bullion coins and its newest 99.999% pure gold "Call of the Wild" bullion coin, which features a moose."Call of the Wild" bullion coin. Photo by the Royal Canadian Mint."T...Read More
A burgeoning interest in Canada's emerging cannabis sector, which spiked after recreational use of marijuana was legalized in October, is sucking investment capital away from the mining sector, and hitting juniors hardest, a new study shows.According to BDO's Sherif Andrawes, investments in Canadian cannabis companies increased from C$43 million to C$770 million from the first half of 2016 to the...Read More
This prospect generator continues working to delineate the scope of a lens at its project. Avrupa Minerals Ltd. (AVU:TSX.V; AVPMF:OTC; 8AM:FSE) announced in a news release the assay results from a historical drill hole, SES003. The significance of this hole, drilled for the Alvalade project in 2014 but not analyzed until recently, is that it is close to and demonstrates similar qualities to drill...Read More
The Dow slumped to a lossU.S. stocks finished the day mixed following Monday's strong performance. An earnings disappointment from Walgreens Boots Alliance (WBA) put pressure on the Dow, while the S&P and Nasdaq managed to end with modest gains, as investors continued to digest the earlier bulk of economic and manufacturing data that hit the Street. Nevertheless, the blue-chip index remained above...Read More
Analyst love for large-cap stocks over small-caps has grown in recent yearsA couple months ago, I wrote about analyst buy, sell, and hold recommendations on S&P 500 Index (SPX) stocks. After getting it wrong for a couple years as stocks rose, they finally started suggesting more buys over the past year. This week I'm looking at the same data but I'm comparing the data on large-cap S&P 500 Index st...Read More
The Amazon-owned grocer is lowering its pricesWhile the broader U.S. stock market struggles for direction, a number of individual stocks are making notable moves, including biopharmaceutical firm ADMA Biologics Inc (NASDAQ:ADMA), travel name Delta Air Lines, Inc. (NYSE:DAL), and supermarket chain Sprouts Farmers Market Inc (NASDAQ:SFM). Here's a quick look at what's moving the shares of ADMA, DAL,...Read More
Deutsche Bank sees huge potential for the shopping experience on InstagramDeutsche Bank analysts this morning released a note on Facebook Inc (NASDAQ:FB) that's getting a lot of attention on Wall Street, lifting the shares of the social media giant and sparking heavy options trading. The brokerage firm wrote that FB could see a $10 billion increase in sales for the fiscal year 2021 thanks to its n...Read More
The equity is down today on competition concernsE-commerce name Shopify Inc (NYSE:SHOP) is trading down 1.9% at $202.32 this afternoon, lower on reports that Microsoft (MSFT) is considering creating a competitor. However, SHOP stock may be worth betting on, if history is any indicator.On the charts, SHOP hasadded 65% since this time last year, and just yesterday touched a fresh record high of $210...Read More
Seasonality is on the stock's sideApple supplier Broadcom Inc (NASDAQ:AVGO) touched an all-time high of $307.35 earlier today before turning lower. However, the semiconductor concern could have more gas in the tank, if history is any indicator, and speculators may want to consider buying short-term AVGO calls.Broadcom shares gapped higher on March 15 after the company's strong earnings showing. Si...Read More
SGMO stock is headed toward its best day since May 2017The shares of Sangamo Therapeutics Inc (NASDAQ:SGMO) are on fire, after the California-based biotech reported positive data in a phase 1/2 study for its gene therapy hemophilia treatment that's being developed with Pfizer (PFE). The company also unveiled upbeat data for an early stage study for a gene therapy being developed with Sanofi (SNY)....Read More
Jordan Roy-Byrne CMT, MFTAStop me if you've heard this before. Precious Metals disappointed again.The miners were leading the metals but the metals broke down from bear flag patterns and that took the miners lower, suggesting an interim top is in place.The technicals suggest weakness could be ahead for the sector but the fundamentals are finally turning bullish.Before we get to fundamentals, let...Read More
By: Ira EpsteinGold bias is down, bouncing around here:Read More
The timing of Lyft's IPO last week could not have been better for Wall Street insiders, since they will have an opportunity to unload their shares into a veritable orgy of greed and ignorance. The stock market looks unstoppable at the moment, and it is making Lyft's $24 billion valuation seem somehow less absurd. Just four months ago, when shares were in the throes of what many of us mistook fo...Read More