The Critical Investor provides an update on this explorer's Indiana project in Chile. Golden Arrow Resources Corp. (GRG:TSX.V; GARWF:OTCQB; G6A:FSE) recently came out with some pretty interesting news on its Indiana gold project in Chile. The company managed to amend the definitive agreement with the property owner, Mineria Activa (MSA), a Chilean private equity investment management firm focused...Read More
Also, the exploration company is working to accelerate drilling at the property. Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced in a news release recent results from the second deep diamond drill hole at its Tuvatu gold project in Fiji.Drilling of that hole, TUDDH494, remains in progress. It now is at a 700 meter (700m) depth of the planned roughly 1,000m target. Results for the first 40...Read More
The price of billet in Turkish markets has gone down over the past week on decreasing imported scrap values, sources said on Thursday January 23.The billet offers from the Commonwealth of Independent States (CIS) slipped to as low as $410 per tonne cfr levels, downfrom last week's minimum levels of $415 per tonne. Only one firm bid was heard at $408 per tonne cfr, according to sources.Fastmarkets'...Read More
Prices for steel billet imported into Egypt decreased again in the week to Thursday January 23 amid weak demand, sources told Fastmarkets.Egyptian rebar producers were offering rebar at E ?9,650-10,000 ($610-632) per tonne ex-works including 14% VAT, down from last week's E ?9,650-10,120 per tonne ex-works. ...Read More
Prices in Southeast Asia's steel billet market were stable on Thursday January 23 amid a bearish outlook for the ferrous scrap market and the absence of market participants in China ahead of the Lunar New Year holiday. Fastmarkets' daily price assessment for steel billet, import, cfr Southeast Asia, which mainly looks at 120-150mm 5sp grade billet sold into Manila, was $442-443 per tonne on Januar...Read More
The Dow couldn't quite make it into positive territory, thoughAfter spending most of the day deep in negative territory, the Dow finished only marginally lower. The blue-chip index furiously pared its sharp losses after the World Health Organization (WHO) assuaged coronavirus fears by avoiding a declaration of a global health emergency. The S&P 500 and Nasdaq both fought their way into the black f...Read More
A price-target hike has sparked upside in NFLX shares todayA negative earnings reaction weighed on Netflix Inc (NASDAQ:NFLX) shares Wednesday, but today, the FAANG stock is trading up 4.5% at $340.55. Sparking the bounce is a bull note from Guggenheim, which raised its NFLX price target to $420 from $400. The brokerage firm waxed optimistic on subscriber growth in international markets.NFLX option...Read More
X is fresh off an annual low this morningThe 20 S&P MidCap 400 Index (MID) stocks listed in the table below have attracted the highest options volume during the past 10 trading days, with data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. The stocks highlighted in yellow are new to the list. Below, we're going to take a closer look at GrubHub Inc (NYSE:GRUB) and United Stat...Read More
A long-term bull signal just flashed for IONS, which could point to more upside on the charts Biotech concern Ionis Pharmaceuticals Inc (NASDAQ:IONS) is cooling off, along with the broader market, just one day after the well-received release of its mid-stage study for AKCEA-APOCII-LRx in patients with cardiovascular disease sent the stock soaring, before running out of steam at familiar resistance...Read More
LONDON, 8 January 2020 - BullionVault's latest customer survey opens a report on the outlook for gold investing from The Daily Telegraph, the UK's best-selling broadsheet newspaper.Noting that gold prices have already risen this New Year, "Four in five gold buyers believe this can continue and investing in the metal will beat stocks," says The Telegraph online, quoting BullionVault."Most predicted...Read More
Samancor Chrome plans to reduce annual chrome ore and ferro-chrome production by 29% and 20% respectively due to poor market conditions, it said on Thursday January 23. South Africa's largest ferro-chrome producer provided the update days after confirming proposals to restructure and retrench staff at its mining and smelting operations. It had also warned in December that production cuts were...Read More
Yum China stock is one name seeing coronavirus effectsThe Dow Jones Industrial Average (DJI) is down sharply today as investors consider the latest batch of corporate earnings. On top of the reports received from blue chips, there's also VF Corp's (VFC) results, which have the retail stock as the worst S&P 500 Index (SPX) member today, while a number of China-exposed stocks are getting hit due to...Read More
LONDON, 7 January 2020 - Comment from BullionVault today leads the latest gold-price report from MarketWatch, the financial news and data site from the Dow Jones group of companies."The latest spike in gold prices is being driven by the sudden escalation in US-Iran tensions, which is hitting world stock markets and leading investors to seek shelter," MarketWatch quotes Adrian Ash, director of rese...Read More
Nektar has struggled to gain momentum since its early August sell-offBiopharmaceutical stock Nektar Therapeutics (NASDAQ:NKTR) is down 0.5% this afternoon, last seen at $22.02. NKTR has recently struggled to gain momentum, but earlier this month touched its highest intraday mark since an early August post-earnings sell-off. Today's drop may be short-lived, however, as data from Schaeffer's Senior...Read More
Several big blue-chip and FAANG names will enter the earnings confessionalNext week is absolutely brimming with activity, both on the earnings and economic fronts. On top of that, the Federal Open Market Committee's (FOMC) two-day meeting will commence on Tuesday, with a policy announcement and a press conference from Fed Chair Jerome Powell wrapping up the market-moving activities on Wednesday. E...Read More
LONDON, 7 January 2020 - Comment from BullionVault today leads a report on the New Year surge in gold prices from UK personal finance magazine MoneyWise."Like bullion prices," the article quotes Adrian Ash, director of research at BullionVault, "underlying demand for gold had already turned higher in 2019, most especially among investors in the Eurozone."Read Adrian's full comment in the Moneywise...Read More
APH put options have been popularElectronics stock Amphenol Corporation (NYSE:APH) is trading down 0.7% at $105.88, following the company's fourth-quarter earnings release. While the fiber optics maker reported a top- and bottom-line beat, a more cautious outlook is weighing on the shares. There's even been bullish analyst attention, with Evercore ISI raising its price target to $120 from $108, an...Read More
LONDON, 5 January 2020 - BullionVault's latest customer survey this morning leads a double-page spread about gold's 2020 outlook published in today's Mail on Sunday, the UK's best-selling 'mid-market' weekend newspaper."Confidence [for gold] to deliver strong price gains this year remains sky high," writes the Mail on Sunday's personal finance editor Jeff Prestridge, reporting that nearly 80% of r...Read More
VFC put options have been popularA big earnings loser this morning is VF Corp (NYSE:VFC). While the retailer reported adjusted fiscal third-quarter profit of $1.23 per share that topped estimates, revenue of $3.38 billion came in below the expected $3.43 billion. Plus, the apparel maker slashed its full-year revenue and profit forecasts amid weak demand for its Timberland brand.In response, VF Co...Read More
The broadcasting firm posted fourth-quarter earnings and revenue that exceeded analysts' estimates The shares of Comcast Corporation (NASDAQ:CMCSA) are down 1.8% in electronic trading, set to open at $46.62, after the firm's early morning turn in the earnings confessional. The stock was surging earlier, however, signaling speculation on Wall Street is mixed. The broadcasting giant posted impressiv...Read More