Last week, more than 200 leaders in the Latin American mining industry met in Santiago, Chile for Digitalization in Mining - Through the Rock. The 2-day summit, hosted by Sandvik, focused on leading-edge mining technology, and the digitalization journey contemporary mines face."Digitalization is helping companies to grow and optimize their operations," said Patricio Apablaza, Vice President, Sales...Read More
".@jacquelinemh85 interviewed Harmony #Gold CEO Peter Steenkamp in Randfontein this week, read their wide-ranging chat here ($): https://t.co/JIxbsllDU2 $HMY"Read full newsRead More
The major equity benchmarks are higher for a second straight dayU.S. stocks are enjoying broad gains at the halfway point today. While a strong day for Nike (NKE) is lifting the Dow Jones Industrial Average (DJI), tech and energy stocks are some of the strongest performers, helping boost the S&P 500 Index (SPX) and Nasdaq Composite (IXIC). Traders continue to respond to the positive headlines surr...Read More
AMZN's 320-day moving average contained its sharp pullback in OctoberThe struggles of Amazon.com, Inc. (NASDAQ:AMZN) and its FAANG peers were well-documented amid the broad market sell-off. Today, though, AMZN is up 0.9% to trade at $1,654, after Cowen named the stock its best idea for 2019. More specifically, the brokerage firm waxed optimistic about the company's Prime and Amazon Web Services bu...Read More
PARIS - ArcelorMittal, the world's largest steelmaker, said on Tuesday it was "absolutely critical" that Europe protect itself with measures to restrict imports of steel and remedy weaknesses in its existing system.The European Union imposed provisional safeguards in July combining quotas and tariffs to counter steel flooding into the market after U.S. President Donald Trump hit U.S. steel impor...Read More
"I think things have improved, but then I think there are gigantic holes in the system," Yellen says.The former Fed chair cites leverage loans as an area of concern and says there remains an agenda of unfinished regulation.She also says rates will remain lower than they have been in past decades.Steve Liesman| @steveliesmanPublished 13 Hours AgoUpdated6 Hours AgoCNBC.com show chapters Yellen wa...Read More
The brokerage firm set a Street-low price target on the Inbrija parentThe shares of Acorda Therapeutics Inc (NASDAQ:ACOR) are spiraling today, after Goldman Sachs downgraded the drug stock to "sell" from "neutral," and nearly halved its price target to $10 from $19 -- a roughly 50% discount to last night's close, and the lowest target on Wall Street. The brokerage firm expects Ampyra revenue to ea...Read More
DA Davidson: The NutriSystem deal shows WTW is undervaluedNews that Tivity Health (TVTY) boughtNutriSystem (NTRI) helped Weight Watchers International, Inc. (NASDAQ:WTW) stock snap a three-day losing streak yesterday. What's more, an analyst at DA Davidson said that based on the same valuation metrics of the NTRI deal, WTW stock is undervalued by 15% to 36%. Further, the analyst reiterated a "buy...Read More
London/Washington DC: TechMet Limited, a private industrial company that is building controlling or significant minority positions in world-class projects across the technology metal supply chain, today announces the appointment of Admiral Michael Mullen as Chairman of its Advisory Board.Admiral Mullen was the Chairman of the Joint Chiefs of Staff of the United States (2007-2011) and principal mil...Read More
Many base projections about the market based upon recent history.Markets are not linear, so our analysis should not be.The market is providing us with signs of strong storm clouds developing over the next few years.When will the next great gold bull market begin? What's the delay?Are there 50x returns waiting at current crypto prices?The story behind the interview: Stocks (SPY), gold (GLD), an...Read More
• The precious metal trimmed a part of its daily gains to $1250 area and is currently placed at the lower end of an intraday ascending trend-channel formation. Gold 15-mins. chart • Looking at a slightly higher time-frame (1-hourly chart), the commodity has been showing resilience below 50-hour SMA and near a short-term ascending trend-line. 1...Read More
However, don't give up hope for a Santa Claus rallyDecember -- a historically bullish month -- started out rough for U.S. stocks, amidmixed signals on U.S.-China trade relations, concerns about bond yields and oil prices, and a high-profile arrest, just to name a few reasons. In fact, the S&P 500 Index (SPX) was down 4.44% as of yesterday's close, which marked the fifth trading session of the mont...Read More
Last month, we suggested the gold market faced one of two scenarios. The first was the case where the Fed came to the conclusion this month that it would have to stop tightening. The second was the scarier situation where the Fed continued to press ahead with its tightening mantra until something broke, such as the stock market.Based on recent comments by FOMC chairman Jerome Powell, the Fed seem...Read More
The shares have found support at their 80-day trendline and +10% YTD return Taco Bell parent Yum! Brands, Inc. (NYSE:YUM) has shown resiliency during the recent broad-market sell-off, with all pullbacks since mid-October neatly contained by the stock's rising 80-day moving average. What's more, the security found a new layer of support at its +10% year-to-date return during last week's retreat fro...Read More
South African gold output contracted for a 13th consecutive month in October, the longest streak of declines in six years, as the industry battles unprofitable mines and labor strikes.Gold production declined 15.1 percent from a year earlier, the Pretoria-based statistics office said Tuesday in a statement on its website. Total mining output rose 0.5 percent.Key insights:Dwindling output has cut g...Read More
The brokerage firm initiated coverage with an "outperform" ratingLeerink initiated coverage on CVS Health Corp (NYSE:CVS) with an "outperform" rating and $100 price target -- a 36.4% premium to last night's close. The brokerage firm called concerns over the company's in-house pharmacy benefits manager (PBM) exaggerated, and waxed optimistic over CVS' cost savings forecast following its Aetna buyou...Read More
Australian gold miner Newcrest Mining (ASX:NMC) is betting big on Chile's geological gold potential by closing two deals with exploration juniors in the South American country, the world's top copper producer.The Melbourne-based company kicked off the week by signing an option agreement with Canada's Cornerstone Capital (TSX-V:CGP), which could result in the gold miner acquiring up to a 75% int...Read More
Australian gold miner Newcrest Mining (ASX:NMC) is betting big on Chile's geological gold potential by closing two deals with exploration juniors in the South American country, the world's top copper producer.The Melbourne-based company kicked off the week by signing an option agreement with Canada's Cornerstone Capital (TSX-V:CGP), which could result in the gold miner acquiring up to a 75% int...Read More
Australian gold miner Newcrest Mining (ASX:NMC) is betting big on Chile's geological gold potential by closing two deals with exploration juniors in the South American country, the world's top copper producer.The Melbourne-based company kicked off the week by signing an option agreement with Canada's Cornerstone Capital (TSX-V:CGP), which could result in the gold miner acquiring up to a 75% int...Read More
Australian gold miner Newcrest Mining (ASX:NMC) is betting big on Chile's geological gold potential by closing two deals with exploration juniors in the South American country, the world's top copper producer.The Melbourne-based company kicked off the week by signing an option agreement with Canada's Cornerstone Capital (TSX-V:CGP), which could result in the gold miner acquiring up to a 75% int...Read More