Dr. Morgan Poliquin reportsALMADEX RECEIVES FINAL EL COBRE ASSAYS FROM 2017Almadex Minerals Ltd.has received the final assay results from the final 2017 drill holes EC-17-043 (Raya Tembrillo) and EC-17-044 (El Porvenir). The Raya Tembrillo area is the very northern part of the large Villa Rica zone of the El Cobre property and is located approximately two kilometres south of the Norte zone, where...Read More
NEW YORK, Feb 8 (Reuters) - U.S. fund investors sucked $23.9 billion out of the stock market during the most recent week, marking the largest withdrawals from those funds on record, Lipper data showed on Thursday.The withdrawals from U.S.-based equity mutual funds and exchange-traded funds took place during the week ended Feb. 7, according to the research service. Their records date back to 1992....Read More
By Karl PlumeCHICAGO, Feb 8 (Reuters) - Cheap U.S. corn prices, a weaker dollar and concerns about South American production have revived slumping U.S. corn exports that just a month ago appeared to be limping toward their steepest year-on-year slide in a decade.U.S. corn futures scaled to a 5-1/2 month high on Thursday on the robust demand, which is likely to continue through the spring and may s...Read More
(Adds details, stocks, updates prices)Feb 8 (Reuters) - Canada's main stock index tumbled on Thursday, ending at its lowest level in nearly five months as a sell-off on Wall Street deepened and as a drop in oil prices hit energy shares.* The Toronto Stock Exchange's S&P/TSX composite index ended down 264.97 points, or 1.73 percent, at 15,065.61.* After trading little changed earlier in the se...Read More
The Dow made another outsized move today, eventually spiraling to a 1,000-point loss and entering correction territory. It was a similar setup on the S&P 500 and Nasdaq, too, which each lost more than 3%. Stocks were againrocked bya big spike in volatility, with the VIX jumping back atop the 30 handle. The risk-off session was sparked by more fears of rising interest rates -- with the 10-year Trea...Read More
* Dollar's bounce peters out on renewed market volatility* Higher U.S. Treasury yields underpin dollar* Dollar rebound likely unsustainable this year - poll (Updates market action, adds quote)By Gertrude Chavez-Dreyfuss and Richard LeongNEW YORK, Feb 8 (Reuters) - The dollar was little changed on Thursday against a basket of currencies in choppy trading, fading from a two-week high asinvestors red...Read More
By Nichola SaminatherTORONTO, Feb 8 (Reuters) - Canadian regulators on Thursday reiterated their call for listed cannabis producers with U.S. businesses to clearly disclose risks of operating there, and warned of potential punishment if U.S. federal anti-marijuana laws are more strictly enforced.The Canadian Securities Administrators (CSA) staff notice said stricter U.S. enforcement could result i...Read More
Feb 9 (Reuters) - Australian shares are expected to open substantially weaker on Friday, tracking a tumble on Wall Street as investors remained on edge amid several volatile sessions.Major indexes in the United States fell about 2 percent in late afternoon trading. The local share price index futures plunged 119 points to 5,694, a 196.7-point discount to the underlying S&P/ASX 200 index close....Read More
Feb 8 (Reuters) - Canada's main stock index tumbled on Thursday, closing at its lowest in nearly five months as a sell-off on Wall Street deepened and as a drop in oil prices hit energy shares. * The Toronto Stock Exchange's S&P/TSX composite index ended down 265.03 points, or 1.73 percent, at 15,065.55. (Reporting by Leah Schnurr in Ottawa; Editing by James Dalgleish) Disclaimer: The views e...Read More
NEW YORK, Feb 8 (Reuters) - U.S. stocks plunged anew on Thursday in another trading session with big swings, as equities remained in a tug-of-war with bond yields, volatility remained high, and investors saw no relief ahead in finding the bottom of the market.The Dow Jones Industrial Average fell 1,032.89 points, or 4.15 percent, to 23,860.46, the S&P 500 lost 100.58 points, or 3.75 percent, t...Read More
* US stocks sink; Dow down 3 pct* Bond yields add to rate worries* BOE's hawkish message lifts sterling, gilt yields* Sentiment in stock markets remains frail* Oil falls as US output soars, N Sea supply restarts (Updates with oil price settlements)By Caroline ValetkevitchNEW YORK, Feb 8 (Reuters) - Stocks in world indexes fell again on Thursday, with major U.S. indexes dropping more than 3 percent...Read More
BRASILIA/SAO PAULO, Feb 8 (Reuters) - Shareholders in Brazil's Centrais Eletricas Brasileiras SA decided at a meeting on Thursday that the company will assume more than 11 billion reais ($3.35 billion) of debt from distribution units it is trying to sell, two sources told Reuters.Eletrobras, as the state-run utility is known, will also assume additional possible liabilities from state electricity...Read More
NEW YORK, Feb 8 (Reuters) - The percentage of U.S. individual investors expecting a decline in stock prices has hit a three-month high, according to the American Association of Individual Investors' weekly sentiment survey.Bearish sentiment rose 6.3 percentage points to 35 percent, putting it above the historical average of 30.5 percent for the first time in nine weeks. Conversely, bullish sentime...Read More
MOSCOW, Feb 8 (Reuters) - IPSCO Tubulars, U.S. subsidiary of Russian oil and gas pipemaker TMK , said on Thursday it had halted an initial public offering (IPO) of its shares due to "adverse market conditions", IPSCO said on Thursday.TMK had commenced IPSCO's IPO on Jan. 29, a day before publication in Washington of the so-called "Russian oligarchs list".While the U.S. Treasury...Read More
By Mark WeinraubWASHINGTON, Feb 8 (Reuters) - The U.S. Agriculture Department cut its forecast for U.S. soybean exports by 2.8 percent on Thursday as top exporter Brazil is expected to take an even bigger share of the market amid rising crop expectations for that South American nation.The government projected U.S. soybean exports at 2.1 billion bushels. The 60-million bushel decline marks the thir...Read More
Volatility continues to run rampant on Wall Street today, with the Dow last seen down over 600 points. Among individual stocks moving lower today are automaker Tesla Inc (NASDAQ:TSLA) and high-end retailer Canada Goose Holdings (NYSE:GOOS), though tech concern Infinera Corp. (NASDAQ:INFN) is soaring. Here's a closer look at what's moving shares of TSLA, GOOS, and INFN today.Tesla Stock Stall...Read More
Option open interest is the number of outstanding calls or puts that have been bought or sold to open, but have yet to expire or be closed. To analyze stocks, we often use option open interest as a means of measuring the relative levels of investor optimism and pessimism. More specifically, we utilize the Schaeffer's put/call open interest ratio (SOIR) as a sentiment indicator to gauge near-term t...Read More
Richard Cowan, David MorganWASHINGTON (Reuters) - U.S. lawmakers were expected to vote on Thursday on a two-year budget deal that would avert another government shutdown but add $300 billion to the federal deficit and leave the thorny issue of immigration unresolved.The plan faced resistance from conservatives in the Republican Party, who favor less spending on domestic government programs.At the...Read More
(Adds central bank comments)MEXICO CITY, Feb 8 (Reuters) - Mexico's central bank raised interest rates on Thursday to a nine-year high and said it could act again, if needed, to contain worries that inflation may not cool as quickly as forecast.Banco de Mexico's governing board unanimously voted to hike the key rate by 25 basis points to 7.50 percent, its highest since February 2009, as forecast...Read More
WASHINGTON (Reuters) - New York Federal Reserve President William Dudley said on Thursday that as long as the U.S. economy continue to grow at an above trend pace, he would be in favor of another interest rate rise at the U.S. central bank’s upcoming meeting in March.“We have above-trend growth, we have buoyant financial conditions, we still have an easy monetary policy and this is all...Read More