Sentiment got way too dire on W stock after earningsWayfair Inc (NYSE:W) gapped drastically lower on Nov. 1, as traders reacted to a quarterly earnings report that had the online furnishings retailer reporting a wider-than-forecast per-share loss, even as revenue topped expectations.The dire reaction to Wayfair's financial results is perhaps most concisely summarized by a Wall Street Journal artic...Read More
• Dismal headline NFP print prompts some USD selling and provides a lift. • Risk-on mood/goodish pickup in the US bond yields seemed to cap gains. Gold trimmed a part of the post-NFP spike, though remains within striking distance of fresh five-month tops touched in the last hour. The US Dollar held on the defensive, rather lost some additional g...Read More
Let's look at the chart below. As one can see, the greenback has been in a bull market since February 2018. Yup, the chart does not lie. The US Congress widened the fiscal deficit, while President Trump engaged in trade disputes. But despite these disturbing developments for long-run economic health, the broad trade weighted US dollar index increased from 115 to almost 130 now. But why –...Read More
The DJT is pacing for its biggest weekly loss in over seven yearsTransports have taken a hit during this week's broad-market sell-off, with the Dow Jones Transportation Average (DJT) pacing for its biggest weekly loss since August 2011-- down 7.9% so far. This pullback may have created attractive entry points for some names, with DJT component Union Pacific Corporation (NYSE:UNP) in particular fla...Read More
Gold futures settled Friday at their highest since July, logging their biggest weekly gain since August following market turmoil that sent stocks reeling and pressured Treasury yields and the U.S. dollar. Gold for February delivery GCG9, +0.84% on Comex rose $9, or 0.7%, to settle at $1,252.60 an ounce. For the week, gold was up 2.2%, which was the biggest such gain since a 2.5% rise in the week...Read More
Gold futures settled Friday at their highest since July, logging their biggest weekly gain since August following market turmoil that sent stocks reeling and pressured Treasury yields and the U.S. dollar. Gold for February delivery GCG9, +0.84% on Comex rose $9, or 0.7%, to settle at $1,252.60 an ounce. For the week, gold was up 2.2%, which was the biggest such gain since a 2.5% rise in the week...Read More
Nonfarm payrolls increased by 155,000 in November, the Labor Department says. Economists surveyed by Dow Jones had been expecting payroll growth of 198,000.The average hourly earnings gain of 0.2 percent fell short of estimates for a 0.3 percent increase.October's jobs count was revised lower from an initially reported 250,000 to 237,000.Jeff Cox| @JeffCoxCNBCcomPublished 11 Hours AgoUpdated9 Hour...Read More
KHARTOUM - Three miners were killed and 10 were trapped underground when a gold mine they were working at in northern Sudan collapsed, the state's Sudanese Mineral Resources Company (SMRC) said in a statement on Friday.It said three others were injured in the accident, which happened on Thursday night in Qabqaba, a main gold mining area in the Nile River state where both licenced companies and ind...Read More
KHARTOUM - Three miners were killed and 10 were trapped underground when a gold mine they were working at in northern Sudan collapsed, the state's Sudanese Mineral Resources Company (SMRC) said in a statement on Friday.It said three others were injured in the accident, which happened on Thursday night in Qabqaba, a main gold mining area in the Nile River state where both licenced companies and ind...Read More
Pot stocks are popping after Altria's CRON stakeU.S. stocks are lower again today, amid lingering concerns about U.S.-China trade and after a tame jobs report. However, one group is bucking the trend: weed stocks. Aphria Inc (NYSE:APHA) is higher on a nod from Citron Research, while fellow pot stocks Aurora Cannabis Inc (NYSE:ACB) and Canopy Growth Corp (NYSE:CGC) are enjoying a halo lift from Cro...Read More
Delrey Metals (CNSX: DLRY) has acquired two B.C. vanadium projects by issuing 5.5 million shares to BC Vanadium, a private company.The Star and Porcher vanadium properties cover a combined 67.4 sq. km in northwest B.C., near the small logging community of Oona River on Porcher Island. The properties host iron-titanium-vanadium mineralization in titaniferous magnetite. Historic samples from the pro...Read More
Delrey Metals (CNSX: DLRY) has acquired two B.C. vanadium projects by issuing 5.5 million shares to BC Vanadium, a private company.The Star and Porcher vanadium properties cover a combined 67.4 sq. km in northwest B.C., near the small logging community of Oona River on Porcher Island. The properties host iron-titanium-vanadium mineralization in titaniferous magnetite. Historic samples from the pro...Read More
AKRX stock hit a multi-year low earlierThe shares of Akorn, Inc. (NASDAQ:AKRX) have plunged 19.4% to trade at $4.51, earlier bottoming at an eight-year low of $3.54. The stock is reacting to a Delaware court ruling, which upheld an October judgement that found Germany-based Fresenius (FMS) legally ended its $4 billion bid for Akron back in April. Against this backdrop, AKRX options volume is runni...Read More
"ExGen Resources Inc.: Newly Discovered RedStar Zone - Drill Hole Assays Include 35.7 Ounce Per Tonne Silver and 20% Lead Over 1.5m https://t.co/RK44yD8VZE"Read full newsRead More
Newmont Mining (NYSE: NEM) expects its attributable gold production will reach 5.2 million ounces in 2019 and 4.9 million ounces in 2020, while attributable copper production will be 45,000 tonnes in both years.All-in sustaining costs for gold will come in at US$935 per oz. in 2019 and US$975 per oz. in 2020, while AISCs for copper will reach $2.45 per lb. next year and $2.55 per lb. in 2020.Longe...Read More
Newmont Mining (NYSE: NEM) expects its attributable gold production will reach 5.2 million ounces in 2019 and 4.9 million ounces in 2020, while attributable copper production will be 45,000 tonnes in both years.All-in sustaining costs for gold will come in at US$935 per oz. in 2019 and US$975 per oz. in 2020, while AISCs for copper will reach $2.45 per lb. next year and $2.55 per lb. in 2020.Longe...Read More
Newmont Mining (NYSE: NEM) expects its attributable gold production will reach 5.2 million ounces in 2019 and 4.9 million ounces in 2020, while attributable copper production will be 45,000 tonnes in both years.All-in sustaining costs for gold will come in at US$935 per oz. in 2019 and US$975 per oz. in 2020, while AISCs for copper will reach $2.45 per lb. next year and $2.55 per lb. in 2020.Longe...Read More
"Canadian and US Cannabis Edibles and Consumer Products Market Set to Explode to US$ 4.1 Billion by 2022Read More Here: https://t.co/0T7RfvBSw7#momentumstocks #momentumblog #hotstocks #potstocks #edibles #consumerproduct $AREV $NBUD $WEED #marijuana #CBD"Read full newsRead More
The shares could be poised to break out of consolidation modeThe shares of animal drug maker Zoetis Inc (NYSE:ZTS) have taken a breather since touching a record high of $96.57 in early November. However, the outperforming equity could be ready to launch its next leg higher, with ZTS shares flashing historical buy signals.Specifically, Zoetis stock is back within one standard deviation of both its...Read More
Picture this: your circuit is optimized at a certain level and everything is going smoothly. Under your current conditions, you have maximized operations and are producing at optimal levels until circumstances change. Production requirements have increased due to greater market demands or different ore properties are discovered in sections of your mine.Ultimately, when it comes time to ramp up pro...Read More