KINSHASA - Democratic Republic of Congo's state mining company Gecamines said on Monday it would increase its stake in its Boss Mining joint venture with ENRC Africa Holdings to 49 percent after the two companies renegotiated terms.The state miner is moving to increase its take from joint ventures with international miners such as Glencore and China Molybdenum, which it accuses of not bringing eno...Read More
The bull note comes on the heels of positive mid-stage study dataThe shares of Marinus Pharmaceuticals Inc (NASDAQ:MRNS) are up 11.2% to trade at $5.75, after the biopharmaceutical firm saidits postpartum depression drug, ganaxolone, was well-tolerated in a mid-stage study, and that patients showed no serious side effects to the treatment. Cantor Fitzgerald was quick to chime in, underscoring its...Read More
MELBOURNE - Kidman Resources, a supplier of lithium to U.S. electric car maker Tesla said on Monday it had settled a court dispute that could have derailed joint development of a mine in Western Australia with Chile's SQM.In a statement announcing the settlement, Kidman did not specify terms. Court documents show the settlement was reached with private company Phoenix Rise and Jeffrey Hull, a reti...Read More
Last week was FDX's worst week since 2009The shares of FedEx Corporation (NYSE:FDX) are down 1.2% in electronic trading, after BofA-Merrill Lynch downgraded the shipping name to "neutral" from "buy," while slashing its price target to $220 from $304. The analyst in coverage waxed pessimist on the company's management shakeup last week, namely thedeparture of the head of the company's Express uni...Read More
James Hyerczyk16 hours agoGold Bars and DollarGold futures are trading slightly lower after giving up earlier gains that drove the market to its highest level since July 17. The early strength was fueled by follow-through buying related to Friday’s weaker-than-expected U.S. Nonfarm Payrolls report. The jobs report garnered mixed reviews with some traders describing it as “so-soȁ...Read More
Chinese imports and exports grew at slower-than-anticipated paces in NovemberDespite sharp losses in Asia overnight, Dow Jones Industrial Average (DJIA) futures are trading above fair value this morning. The premarket gains are modest, though, as traders digest a brutal week on Wall Street, with the Dow, S&P 500 Index (SPX) and Nasdaq Composite (IXIC) all coming off their worst weekly losses since...Read More
Traders don't need to wait until the opening bell to start raking in massive wins.In light of the recent market action, many traders are taking time to reevaluate their portfolios...Analyzing their open positions...And getting ready to make any needed changes to their trading in the weeks and months ahead.However, most traders are under the impression that they have to wait until markets open to...Read More
SPY is down about 6% over the past month, breaking a typically bullish post-Fed pattern"After Friday's move back below [SPY] $280, bulls should seek a move back above this round number and the FOMC decision-day close of $280.50, before getting aggressive..."-- Monday Morning Outlook, November 12, 2018"Despite last week's rally, equities are still locked in an area that is pivotal for bulls and bea...Read More
"Barrick CFO Catherine Raw will take on the new job of COO for North America from January 1, after current USA president Michael Brown retires | https://t.co/LiUQngb936 $ABX"Read full newsRead More
Trading options is often scary... but it doesn't have to be!It's the biggest mistake options traders make... and it's the reason why 9 people out of 10 quit options...Most options traders fall for the same trap - they "buy" an option and end up losing money on 90% of their trades.Of course, any options player knows that losing trades are part of the game. But it doesn't mean losing has to be the n...Read More
Capstone Mining (TSX: CS) released today positive results of an updated technical report for its Cozamin mine, located north-northwest of Zacatecas City in the Mexican north-central state of the same name.Cozamin is a polymetallic underground mine with a surface milling facility.According to the updated report on the operation, Proven and Probable Mineral Reserves increased significantly compared...Read More
Capstone Mining (TSX: CS) released today positive results of an updated technical report for its Cozamin mine, located north-northwest of Zacatecas City in the Mexican north-central state of the same name.Cozamin is a polymetallic underground mine with a surface milling facility.According to the updated report on the operation, Proven and Probable Mineral Reserves increased significantly compared...Read More
Fortuna Silver Mines (NYSE: FSM) (TSX: FVI) decided this week to move forward with a strategic cooperation agreement with Prospero Silver (TSXV: PSL) and exercised its right to be granted an option to acquire up to a 70% interest in the Pachuca SE project, located close to the historic mining city of Pachuca in Mexico's central Hidalgo state.To be able to do so, Fortuna has to spend $8 million in...Read More
Fortuna Silver Mines (NYSE: FSM) (TSX: FVI) decided this week to move forward with a strategic cooperation agreement with Prospero Silver (TSXV: PSL) and exercised its right to be granted an option to acquire up to a 70% interest in the Pachuca SE project, located close to the historic mining city of Pachuca in Mexico's central Hidalgo state.To be able to do so, Fortuna has to spend $8 million in...Read More
* Zinc stocks in LME approved warehouses halved since August * U.S-China trade truce threatened by Huawei CFO arrest (Updates with closing prices)By Pratima DesaiLONDON, Dec 10 (Reuters) - Copper prices slipped on Mondayas Chinese import data reinforced worries about growth in demandfor industrial metals fuelled by the ongoing U.S.-China tradedispute, while a firmer dollar also weighed.Benchmark c...Read More
REVIEW, PREVIEW, AND BOTH SHORT- AND LONGER-TERM THOUGHTS Job growth slowed in November amid fears that economic growth is losing steam. Nonfarm payrolls increased by 155,000 for the month while the unemployment rate again held at 3.7 percent, its lowest since 1969, the Labor Department reported Friday. Economists surveyed by Dow Jones had been expecting payroll growth of 198,000 and the jobless r...Read More
Gold jumped to $1,251 in Asia - the highest level since July 11. Rising evidence of a global growth slowdown, trade fears, and the resulting risk aversion is likely helping gold report gains. Talk of Fed rate pause in 2019 is likely adding to the bullish tone around the yellow metal. Gold rose to a six-month high of $1,251, having closed higher by 2.10 percent last week – its biggest weekl...Read More
Published 22 Hours AgoUpdated5 Hours AgoReuters Simon Dawson | Bloomberg | Getty ImagesGold will continue to shine amid a weak dollar, says author and gold pro Jim Rickards.Gold edged lower on Monday as the dollar firmed, but stock market volatility and chances of a slower pace of U.S. interest rate hikes in 2019 kept bullion close to a 5-month peak scaled earlier in the session.Spot gold was d...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The INK Canadian Insider Index followed through on its late-week bounce from the prior week and soon ran 16 points to 1093.40 on Monday. However, with tax loss selling and wild volatility continuing in US markets, those early gains were short-lived and the Index sliced through all levels...Read More
Gold is one of the few assets that have been holding up over the last few months.We have seen some weaker economic data and the market telling the Fed it might to be able to handle more rate hikes.I don't expect a dip before gold moves higher if we see more economic weakness and the Fed pausing.The speculative interest is still on the wrong side of gold and short covering could fuel an upward...Read More