Spot gold is higher than comex gold futures after a very long-term time. Silver, copper and crude oil will remain firm on demand outlook and mine supply pressure. Trend of all metals, energies and US dollar Index till 2nd June can be misleading. Trend between 3rd June to 17th June will be sustainable. COVID is getting less attention now. Focus is on jobs and economy. COVID infections once world...Read More
The Dow surged to its session highs at the closeThe Dow logged big gains for the second day in a row, overthrowing the closely watched 25,000 mark for the first time since March 10 with a 553-point win while surging to its session highs at the close. The S&P 500 enjoyed a notable rally too, reclaimingits key 200-day moving average and the 3,000 level for the first time since early March. Bank stoc...Read More
Newrange Gold Corp. is pleased to announce that a drilling contraRead full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Ralph Lauren reported a larger-than-anticipated fiscal fourth-quarter lossThe shares of Ralph Lauren Corp (NYSE:RL) are down 0.2% at $81.18 at last check, after the retailer reported a steeper-than-anticipated fiscal fourth-quarter loss. Today's damage has been contained though, after CEO Patrice Louvet predicted that the company's growth in China will return to pre-COVID-19 levels by the second q...Read More
IWCC expects global copper surplus to hit 285,000 tonnes this year and 675,000 tonnes in 2021.Read full newsRead More
Is the move a precursor to Chinese company delistings from US exchanges.Read full newsRead More
Papa John's options are relatively cheap right nowAlthough disrupted in mid-March like most of the broader market, Papa John's International, Inc. (NASDAQ:PZZA) has quickly rallied off its aforementioned $28.55 low and now sports a 23% year-to-date gain. Ahead of the market crash, PZZA was relatively consistent since mid-2019 and now is charging higher, making it the perfect time to buy calls....Read More
Puts are running at two times their average daily volume todaySoftware development name Atlassian Corporation PLC (NASDAQ:TEAM) is taking a breather on the back of today's tech sector selloff. At last check, the stock is off 5.4% at $163.58, eyeing its second consecutive close below the 10-day moving average, which guided TEAM to its May 15 record high of $190.21 and acted as a floor in the weeks...Read More
The stock market is mixed at midday as tech stocks weigh The Dow Jones Industrial Average (DJI) is up around 170 points midday as positive economic data continues to roll in. Specifically, April new home sales beat expectations and states continue to ease lockdowns across the country, sending varioustravel-related stocks higher. However, today's drop in big tech has the S&P 500 Index (SPX) and...Read More
Tesla is cutting North American and Chinese prices by as much as 6%The shares of Tesla, Inc. (NASDAQ:TSLA) are down 0.3% to trade at $818.87 at last check, after the electric vehicle maker announced on Wednesday it will cut North American and Chinese prices by as much as 6%, to fight a coronavirus-related decline in demand. Though Tesla was temporarily forced to stop work at its Fremont, Califor...Read More
Comparable-store sales in the U.S. rose by 14% during the first two months of the current quarterThe shares of Domino's Pizza, Inc. (NYSE:DPZ) are up 0.8% to trade at $363.38 after the pizza chain said it saw a 14% bounce in same-store sales in the U.S. during the first two months of its current quarter, while its international sales rose just 1% in the same time period. The news sparked no less...Read More
TSCO has nearly doubled off its March lowsThe shares of Tractor Supply Co (NASDAQ:TSCO) are up 4.3% at $115.92 at last check, and earlier hit a new record high of $115.99, after the farm equipment company provided a second-quarter forecast that topped analyst expectations. Along with the upbeat forecast, TSCO also announced a mobile app and a website relaunch featuring new capabilities such as zer...Read More
Boeing is expected to announce over 2,500 voluntary layoffs byFridayThe shares of Boeing Co (NYSE:BA) are up 3.1% at $142.27 this morning on news the aerospace giant will announce around 2,500 voluntary job cuts this week, according to a spokesman for the Society of Professional Engineering Employees in Aerospace (SPEEA) union. This round of layoffs is the first in a larger plan to lower its rough...Read More
Tensions with China over Hong Kong persist, thoughAfter a hot start to begin the holiday-shortenedweek, Dow Jones Industrial Average (DJI) futures are soaring once again, as investor optimism builds surrounding the reopening of the economy. Shares of airlines and cruise lines lead the premarket gains, asvarious states begin to roll back lockdown restrictions put in place to combat the coronaviru...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to announce the acquisition through staking of six new uranium exploration properties totaling over 57,000ha in the prolific Eastern Athabasca Basin of Saskatchewan (Figure 1). All of the new claims are 100% owned by IsoEnergy.New Property Summary:Hawk: 6,000ha located 37km west of Larocque East, home of the Hurricane Zon...Read More
SPX returns are typically bearish when in current choppiness rangeThe Choppiness Index, an oscillator index used to measure how the market is trending (regardless of direction) or going sideways, is relatively new to me. It was created by Australian commodity trader E.W. Driess, and today we will analyze how it works on the S&P 500 Index (SPX).Due to the last few months of coronavirus turmoil, it...Read More
A study of the often overlooked E&C sector by Citi, an investment bank, found that leading Australian mining service providers such as Monadelphous and NRW Holdings have been oversold on the stockRead More
Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click hereSteenkamp told a virtual panel of industry leaders yesterday the fact 196 people had tested positive for COVID-19 at AngloGold's Mponeng gold mine would not affect t...Read More
(IDEX Online) - Pandora has re-opened two-thirds of its 375 North American outlets, using the Waitlist Me app to tell customers when they can enter. The Danish jewelry retail giant will allow no more than five customers in a store at any one time. The app, developed initially for restaurants to tell diners when their table is free, is being used to alert customers when there's a sales associa...Read More