How you can transform lagging indicators into leading indicators.With the market action of the last few weeks, some traders may feel like they're working blind -- after all, who knows what the Dow will do next? With bulls and bears butting heads in their predictions, many investors are looking for a way to try and predict what's to come, to avoid losing any of their capital to sudden corrections a...Read More
The precious metal remains on the defensive near $1,283/oz. The better tone around the greenback keeps weighing on Gold. US Industrial Production, U-Mich index next of relevance. The ounce troy of the yellow metal is extending the weekly downside and is now navigating new multi-day lows in the $1,283 area. Gold looks to data, USD The recent better tone in the greenback coupled with the important...Read More
Options volume is pacing for an annual high on both stocksThe shares of Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) and Immunomedics, Inc. (NASDAQ:IMMU) are getting walloped this morning, as traders react to Food and Drug Administration (FDA) news. Specifically, LXRX is plunging after an FDA advisory panel was split (8-8) on whether to recommend approval of Lexicon's sotagliflozin, a type 1 diabet...Read More
Glencore Plc tightened its grip on Katanga Mining Ltd. by appointing new executives and entering a management services contract to run its troubled Congo copper and cobalt unit.The head of the commodity trader's African copper business, Danny Callow, has been made chief executive officer of Katanga, while Glencore's head of strategy Paul Smith was appointed chief financial officer of the unit.Key...Read More
FITB will report earnings bright and early Tuesday morningFifth Third Bancorp (NASDAQ:FITB) will report fourth-quarter earnings ahead of the stock market open next Tuesday, Jan. 22. FITB stock has a history of positive earnings reactions -- closing higher the next day in six of the past eight quarters, with an average gain of 1.8% -- but warning signs are flashing ahead of the Cincinnati-based ban...Read More
* Mali's industrial production of gold rose 23 percent last year to 60.8 tonnes, Mines Ministry spokesman Boubacar Sissoko said on Friday.* In March, the mines ministry said output would rise in 2018 primarily due to the start of production at B2Gold's Fekola and Hummingbird Resources' Komana mines.* Mamadou Sidibe, deputy director of the government's Cell for Planning and Statistics, said output...Read More
Convicted - Patrick Rosko, President and Director of Marfred Minerals Ltd.Location - Kirkland Lake, Ontario Description of Offence - Mine production without a filed certified Closure Plan. Date of Offence - On or about July 15, 2015 Date of Conviction - Justice of the Peace Jean-Marie Blier accepted Patrick Rosko's guilty plea and fined him on November 13, 2018, in the Ontario Court of Justice in...Read More
Jiangxi Copper Co, one of China's top copper producers, on Friday named provincial government official Zheng Gaoqing as its new general manager.The appointment, confirmed at a board meeting during the day, marks the end of a six-month void in Jiangxi Copper's management team following the departure of company veteran Wu Yuneng in July last year.Zheng, in his early 50s, joins Jiangxi Copper from th...Read More
Jiangxi Copper Co, one of China's top copper producers, on Friday named provincial government official Zheng Gaoqing as its new general manager.The appointment, confirmed at a board meeting during the day, marks the end of a six-month void in Jiangxi Copper's management team following the departure of company veteran Wu Yuneng in July last year.Zheng, in his early 50s, joins Jiangxi Copper from th...Read More
Burkina Faso's thriving gold mining sector has been rattled by a new wave of Islamist violence and sporadic outbreaks of interethnic conflict.The industry has been booming in recent years - with Burkina Faso expecting to announce that 2018 was its most successful year for gold production - but could the latest outbreak of Islamic militancy prove an insurmountable challenge for the country's resili...Read More
Burkina Faso's thriving gold mining sector has been rattled by a new wave of Islamist violence and sporadic outbreaks of interethnic conflict.The industry has been booming in recent years - with Burkina Faso expecting to announce that 2018 was its most successful year for gold production - but could the latest outbreak of Islamic militancy prove an insurmountable challenge for the country's resili...Read More
Getty ImagesOil production may slow in coming months due to low crude oil prices. The numbers: Industrial production rose 0.3% in December, the Federal Reserve reported Friday. The gain was in line with Wall Street expectations. This follows a 0.4% gain in November, revised down from the prior reading of a 0.6% increase. For the fourth quarter as a whole, production moved up at a 3.8% annual rate...Read More
Shares of IPG and EEX are in the red after bear notesCombing through this morning's analyst updates across Wall Street, we came across bearish notes on advertising firm Interpublic Group of Companies Inc (NYSE:IPG) and trade show specialist Emerald Expositions Events Inc (NYSE:EEX). Below, we'll take a closer look at the shares of IPG and EEX. IPG stock was cut to "sector perform" from "outperform...Read More
The company expects fourth-quarter profit to be lower than the third quarterThe shares of Tesla Inc (NASDAQ:TSLA) are down 7.5% at $321.27 in early market trading, after the company announced that it would be cutting the number of full-time employees by 7% in order to reduce costs. The auto concern also said it expects fourth-quarter profit to come in lower than the previous quarter. This is the s...Read More
Most analysts are already bullish on CVX stockUBS upgraded Chevron Corporation (NYSE:CVX) to "buy" from "neutral," saying recent weakness in oil prices has created an attractive opportunity for the energy name. The brokerage firm said the company's model is created to withstand such volatility, and can maintain its organic capex and dividend even on oil's move below the $50 per barrel mark. Most a...Read More
A new year but the same old problems for aluminium."When you look at the economics of producing aluminium, these prices cannot be sustainable."That was the stark message from Roy Harvey, president and chief executive of U.S. aluminium producer Alcoa, speaking on the company's Q4 2018 results call.With the London Metal Exchange (LME) aluminium price languishing near two-year lows at a current $1,87...Read More
Gold demand turned fragile this week in India as local prices jumped to their highest level in 2-1/2-years, while traders in major buying centres in Asia pinned hopes on purchases ahead of the approaching Lunar New Year.Local gold prices in India, world's second-largest gold consumer, touched their highest since July 2016 this week."Prices are just moving higher and higher. Buyers are waiting for...Read More
So this is how Gold is playing out....We made the base....back towards the end of last year....we have rallied..just to under the 1300 mark.. now what we are seeing is a continuation pennant...As the prior trend is bullish....we would expect Gold to break out to the topside....The technicals are ripe for this...the sideways movement we have seen in making this pennant has eased the overbought scen...Read More
It's not just social media users that are being censored anymore...Read full newsRead More
All three major U.S. benchmarks are pacing for a fourth straight weekly winDow Jones Industrial Average (DJI) futures are pointing to a strong finish to the week, trading more than 100 points above fair value. The bullish bias is being driven by growing hopes for a U.S.-China trade deal, despite a lack of clarity on whether the U.S. is considering reducing tariffs on China. Earnings from American...Read More