Barely a week into global response to the outbreak, the number of confirmed cases has already passed the number of SARS cases reported during the entire monthslong ordeal.Continue...Read More

Freeport-McMoRan's shares are on the cusp of a bear market as the world's largest copper producer warned about plunging copper prices on concerns coronavirus has severely impacted China's economy, reported Reuters. Continue...Read More

Fund manager Adrian Day writes about junior exploration companies in his portfolio that he is recommending for purchase. Evrim Resources Corp. (EVM:TSX.V, Toronto, 0.315) is coming closer to generating long-term revenue. The Ermitano project it discovered and sold to First Majestic keeping a royalty is on track for a Q1 2021 production start-up. The property is adjacent to First Majestic's Santa...Read More

According to the company, the findings indicate potential for further extension of the mineralization there. Contact Gold Corp. (C:TSX.V) announced in a news release assays from two holes drilled as part of its initial program at its Green Springs project in Nevada that expanded the known zones of gold mineralization.Hole GS19-07 hit and extended high-grade oxide gold mineralization where the nor...Read More

The results will help guide the company's future exploration there. Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) reported in a news release that Geophysique TMC has commenced a magnetometer survey at its McKenzie East project in Quebec.The survey should be completed in one week with its results available by the end of February, the company stated. According to the company, the wor...Read More

Hollow steel sections prices in Europe were unchanged this week, despite increasing feedstock costs and quickly expiring import quotas, market sources told Fastmarkets on Wednesday January 29.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?620-640 ($683-705) per tonne on Wednesday, unchanged week on week.Earlier in the month, mills and...Read More

AAPL and BA were two big earnings winners todayThe Dow scraped together another win today, propped up by post-earnings surges from blue chips Apple (AAPL) and Boeing (BA). The blue-chip index was up more than 220 points at its session highs, but pared away most of its gains in the final hour. Elsewhere, the Federal Open Market Committee (FOMC) wrapped up its January meeting by keeping the benchma...Read More

Booking stock looks like a great pick for bulls next monthThe month of January is coming to an end, and its no secret that the start to 2020 has already been a wild ride for stocks. Looking ahead to February, the shortest month of the year still comes with its own notable winners and losers, and below, we will take a look at the former, guiding you toward 25 S&P 500 Index (SPX) stocks that have hi...Read More

Cree is expected to report earnings after the close tonight Semiconductor concern Cree, Inc. (NASDAQ:CREE) is part of the sector-wide slide happening today, after several chip stocks posted disappointing quarterly reports. At last check, CREE was down 0.9% to trade at $51.85, after running into a recent ceiling at the 200-day moving average earlier today. This comes just ahead of its own quarterly...Read More

MGM is typically one of the worst performers in FebruaryCasino stocks have taken a hit recently, as the coronavirus outbreak disrupts Macau's gambling operations. While MGM Resorts International (NYSE:MGM) is up 1.9% to trade at $31.56 today, things won't get easier for the casino stock in February. That's because MGM showed up on a list of the worst S&P 500 stocks to own in February over the pa...Read More

Apple and Boeing are continuing to prop up the Dow midday, as the former snaps up a brand-new highThe Dow Jones Industrial Average (DJI) is holding steady on its morning gains, with a more than 100-point pop at the midway mark, as blue chips Apple (AAPL) and Boeing (BA) continue to prop up the index, with the iPhone manufacturer hitting an all-time high. Meanwhile, the S&P 500 Index (SPX) and th...Read More

AMD was overdue for bull notes anywayChip name Advanced Micro Devices, Inc. (NASDAQ:AMD) took its turn in the earnings confessional this morning, and the results were all over the place. The company reported adjusted fourth-quarter earnings of 32 cents per share on $2.13 billion in revenue, both of which topped analyst estimates. However, AMD's revenue forecast for the first quarter came in well...Read More

Amazon stock recently pulled back to its 50-day trendlineFAANG name Amazon.com, Inc. (NASDAQ:AMZN) is up 0.6% this morning at $1,863.38 after receiving a double dose of price-target hikes out of BMO and Deutsche Bank. The brokerage firms raised to $2,150 and $2,275, respectively, the latter of which represents a nearly 23% upside to last night's close of $1,853.25. This bullish sentiment is the no...Read More

A Wall Street Journal report said L Brands' CEO is considering a full or partial sale of its Victoria's Secret unit The shares of L Brands Inc (NYSE:LB) are eyeing their biggest one-day percentage in nearly 10 months, up 12.1% and trading at $23.05, after the Wall Street Journal reported that CEO Leslie Wexner is not only exploring a full or partial sale of the company's struggling lingerie unit V...Read More

AAPL's quarterly update is receiving bullish reviewsA busy week on Wall Street continues today with another full slate of earnings and economic updates. Traders are considering last evening's quarterly report from Apple (AAPL) that has shares of the tech giant moving higher before the open, and fellow blue chip Boeing's (BA) post-earnings gains, as well. Outside of corporate earnings updates, the...Read More

We can all dream about Silver outpacing Gold. However the truth about Silver is that it tends to under perform during precious metals bull markets, and only really coming alive inthe bull markets final stages when it tends to spike. So Silver for 2019 did what Silver tends to do which is to under perform against Gold. Though in reality maybe investors tend to set their hopes too high, as a gain of...Read More

The Investor Intelligence poll is quite bullish right now Stocks were sailing smoothly for the first part of the year until investors balked after countries began taking action to contain the spread of the coronavirus. The S&P 500 Index (SPX) flirted with going negative on the year early in the week, but after yesterday's bounce back, the index is safely above that level. Typically, a few points u...Read More

I??igo P?(C)rez, vice president of Europe and Asia sales at Alcoa, will be leaving the aluminium producer after working there for 18 years, Fastmarkets understands. P?(C)rez, who handled aluminium product sales at Alcoa, will...Read More

By: Ira EpsteinGold 18-dma support at $1,564.80. Resistance around $1,587/8. Gold swings hard to call market..Read More

To me the fall in gold price is just a correction and nothing else. Traders will prefer not to get caught off guard in FOMC tonight. Margin calls on stocks and crude oil also resulted in traders closing long positions in gold. Technical sellers came into play once gold started falling. Silver got knocked down as it failed to trade over $18.00. The combination of gold price fall along with sell o...Read More