Gold is stable since the start of November.Speculators have a weaker conviction in gold prices, the CFTC shows.ETF investors continue to accumulate gold, albeit at a small pace, according to Fastmarkets.Despite a stronger dollar and higher US real rates, gold demand is positive due to higher vol in risk assets.I expect gold prices to remain in an uptrend. Conviction, Stella Kisstiger (Saatchi Art)...Read More
The equity is already pacing for its best month in four yearsWhile the S&P 500 Index (SPX) is on pace for a second straight monthly loss, the airline sector has been flying above broad-market headwinds. In fact, Alaska Air Group, Inc. (NYSE:ALK) stock has added more than 20% so far in November, and is pacing for its best month since October 2014. What's more, ALK shares could extend their uptrend...Read More
It's been a rough stretch for FAANG stocks, but this one could find seasonal tailwindsFAANG stocks have been battered during the stock market sell-off, with several flashing death crosses in recent weeks. Alphabet Inc (NASDQ:GOOGL) is one tech name whose 200-day moving average moved above its 50-day moving average. If history is any guide, the equity could be ready to bounce back, considering GOOG...Read More
The retailer also upped its full-year guidanceThe shares of Dick's Sporting Goods, Inc. (NYSE:DKS) are up 3% to trade at $37.48 this morning, after the athletic goods retailer reported stronger-than-expected third-quarter adjusted profit of 30 cents per share, greater than the 26 cents per-share estimate from analysts. While revenue was in-line with expectations, the company also upped its full-...Read More
"While one Africa-focused #gold miner with a popular CEO is leaving the #LSE, another is joining next year in Resolute Mining ($) | https://t.co/Bl32y8VzIs $RRL"Read full newsRead More
Our US market indicator moved above 60% over the past week. At that point, there are 6 stocks with key insider buying for every 10 stocks with selling. Once the US indicator moves over 60%, it leaves the overvalued zone and crosses into fair-valued territory. Generally, a fair-valued reading implies that investors can expect average returns over the next few years from here. However, it does not...Read More
* Plant shut in May after 13 people killed in protests* Vedanta not given notice, opportunity to explain its position* National Green Tribunal to give verdict on Dec. 7NEW DELHI - An Indian court-appointed panel said on Wednesday that there were insufficient grounds to permanently close Vedanta Ltd's copper smelter and a government decision to shut it amounted to administrative overreach.Police fi...Read More
* Plant shut in May after 13 people killed in protests* Vedanta not given notice, opportunity to explain its position* National Green Tribunal to give verdict on Dec. 7NEW DELHI - An Indian court-appointed panel said on Wednesday that there were insufficient grounds to permanently close Vedanta Ltd's copper smelter and a government decision to shut it amounted to administrative overreach.Police fi...Read More
Both names are on track to snap lengthy monthly losing streaksThe shares of Weibo Corp (NASDAQ:WB) are trading up 6.2% at $62.76, after the China-based social media name reported third-quarter adjusted earnings of 75 cents per share on $460.2 million in revenue. This was more than analysts were expecting, while advertising and marketing revenues also jumped more than forecast. On the charts, WB st...Read More
PORT HEDLAND - Australia's Fortescue Metals Group is set to ship the first cargo of its new mid-grade iron ore next month just as a rout in Chinese steel prices helps it improve its margins in competition with higher grade products.The world's fourth-largest iron ore miner will make the first shipment of its 60.1 percent West Pilbara Fines product to customers in China, in a step that is set to bo...Read More
LONDON - The World Gold Council (WGC) said on Wednesday it would appoint David Tait, an investment banker and member of the Bank of England's market standards board, as chief executive from next year.Tait will take over in February from Aram Shishmanian, the council's CEO for the last decade, the WGC said.Tait's career in banking has included stints at Credit Suisse, UBS and Goldman Sachs as well...Read More
Despite an increased appetite in copper assets, the rate of new discoveries continues to be low, especially in Chile, the biggest producing country in the world and where the bulk of exploration is in the hands of major miners.But that is about to change, as the country's Mining Ministry is set to sign the first of many contracts next month that allows major companies to lease to juniors all or pa...Read More
A coalition of gold investors, including firms backed by billionaires John Paulson and Naguib Sawiris, is taking aim at mining executives who don't have enough skin in the game.Businesses tend to perform better when top managers have a high ownership-to-pay ratio, according to the inaugural report of the newly launched Shareholders' Gold Council, which tracked 17 gold companies."You have a much bi...Read More
A coalition of gold investors, including firms backed by billionaires John Paulson and Naguib Sawiris, is taking aim at mining executives who don't have enough skin in the game.Businesses tend to perform better when top managers have a high ownership-to-pay ratio, according to the inaugural report of the newly launched Shareholders' Gold Council, which tracked 17 gold companies."You have a much bi...Read More
How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More
Third-quarter GDP grew by 3.5%, on par with estimatesDow Jones Industrial Average (DJIA) futures are more than 150 points higher, amid easing concerns abouttrade tensions with China. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also confidently higher, powered by a rebound in the tech sector. Investors are also eager to digest comments from Fed Chair Jerome Powell, who will spea...Read More
Salesforce.com and Nutanix are eyeing huge sessions Salesforce.com, Inc. (NYSE:CRM) shares are set to rise after earnings, trading up 8.5% in pre-market action. The enterprise software specialist reported third-quarter earnings that were well above estimates, driven by better-than-expected revenue for the period. Salesforce also raised its full-year outlook. The robust report sparked a handful of...Read More
Emgold Mining (TSXV: EMR) just signed an agreement to sell its 100%-owned Troilus North property to Troilus Gold (TSE: TLG) for 3,750,000 Troilus Gold common shares and C$250,000 in cash.The sale is expected to be finalized the first week of December and upon its completion, Emgold will keep approximately 7.1% of Troilus Gold's issued and outstanding share capital."Emgold is very excited to have b...Read More
Emgold Mining (TSXV: EMR) just signed an agreement to sell its 100%-owned Troilus North property to Troilus Gold (TSE: TLG) for 3,750,000 Troilus Gold common shares and C$250,000 in cash.The sale is expected to be finalized the first week of December and upon its completion, Emgold will keep approximately 7.1% of Troilus Gold's issued and outstanding share capital."Emgold is very excited to have b...Read More
Emgold Mining (TSXV: EMR) just signed an agreement to sell its 100%-owned Troilus North property to Troilus Gold (TSE: TLG) for 3,750,000 Troilus Gold common shares and C$250,000 in cash.The sale is expected to be finalized the first week of December and upon its completion, Emgold will keep approximately 7.1% of Troilus Gold's issued and outstanding share capital."Emgold is very excited to have b...Read More