All four are Carlin-type gold targets. Nevada Exploration Inc. (NGE:TSX.V; NVDEF:OTCQB) announced in a news release a drill program for its South Grass Valley project in Nevada. It will consist of a total of 23 reverse circulation (RC) holes drilled over 9,500 meters (9,500m) at the four, previously identified Carlin-type gold targets there. The company will test each target based on its geologic...Read More
With the funds, the Canadian company will fast track a drill program at its Idaho gold property. Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) announced in a news release it received the first payment of four from Cengiz Holdings for the sale of its 40% interest in the Halila??a copper gold porphyry deposit in northwest Turkey and the agreement regarding the transaction was amended. Closing of the re...Read More
Sentiment in the CIS export billet market has improved in the second half of November due to an increase in demand after a rise in scrap prices.A significant number of sales to Africa, the Middle East and Asia have taken place in recent weeks, supported by bullish sellers despite some producers having already sold their December allocations.Recent billet...Read More
Domestic and export prices for steel billet in Turkey have remained stable over the past week, but demand for the material was weakening, sources said on Thursday November 21.Fastmarkets' weekly price assessment for steel billet, domestic, exw Turkey, was $400-405 per tonne on Thursday, unchanged week on week.Only one Turkish steel mill was heard buying billet at $400 per tonne ex-works this week....Read More
Prices for steel rebar and billet in Egypt continued to rise in the week ended Thursday November 21, with strong demand for rebar in the country, sources told Fastmarkets.Egyptian rebar producers were offering material at E ?9,850-10,370 ($611-643) per tonne ex-works including 14% VAT, up from last week's E ?9,600-10,370 per tonne ex-works including VAT.Some Egyptian...Read More
There wasn't much to drive stocks higher todayStocks spent the majority of the day in the red, and though the Dow managed to pare most of its losses by the close, it finished lower for a third straight day. The S&P 500 also logged a third consecutive loss as tech weakness outweighed strength from the energy sector, while the Nasdaq fell, as well. Meanwhile, retail earnings and trade buzz were also...Read More
Ambarella, HP, and VMware will also reportIt will be an abbreviated week on Wall Street, with markets shuttered Thursday, Nov. 28, and closing early on Friday, Nov. 29, for the Thanksgiving holiday. There's plenty of action for investors to consider, though, with an onslaught of retail earnings slated for release ahead of Black Friday -- the unofficial start to the holiday shopping season. The eco...Read More
FL stock's last two earnings reactions were uglySneaker retailer Foot Locker, Inc. (NYSE:FL) is down 0.3% at $42.25 this afternoon, with options running hot. The company is slated to report third-quarter earnings before the open tomorrow, Nov. 22. Below, we will take a look at what the options market is pricing in for the stock's post-earnings move, and look at how the security has been performin...Read More
TWTR is attempting to rebound off its recent lowsTwitter Inc (NYSE:TWTR) gapped sharply lower in late October, in reaction to the social media firm's dismal third-quarter earnings report. The shares eventually found a floor near their year-to-date breakeven level at $28.74, and have since bounced more than 4% -- including today's 2.6% gain that has TWTR stock trading at $29.93.Today's pop has spar...Read More
The bill to legalize marijuana on the federal level in the U.S. was approved in a 24-10 vote by theHouse Judiciary Committee While the Dow is sinking midday amid a weakening retail sector, news that the U.S. House Judiciary Committee has approved a bill to legalize marijuana on the federal level has the pot sector flying high. The bill, called the Marijuana Opportunity Reinvestment and Expungement...Read More
Recently, we posted a multi-part researchpost suggesting a collapse in Crude Oil could be setting up and how we believethis decline in energy prices may lead to a broader market collapse in the nearfuture. Crude oil fell more than 3% onNovember 19 in what appears to be a major price reversal. On November 20, inventory levels and otherkey economic data will be presented – could th...Read More
Macy's and BJs Wholesale stocks are lower after earningsThe U.S. stock market is lower at midday, as traders digest a new round of retail earnings, with Macy's (M) and BJs Wholesale Club (BJ) the latest to turn in disappointing results. Wall Street is also waiting on fresh U.S.-China trade updates -- with the latest reports indicating Beijing invited American negotiators to hold face-to-face tal...Read More
Calls are trading at a slightly quicker-than-usual clip on Freeport-McMoRan stockThe shares of mining concern Freeport-McMoRan Inc (NYSE:FCX) are inching lower this afternoon, on the heels of the company announcing it is setting lower treatment charges for 2020. FCX and three Chinese copper smelters are planning on a 23% cut in annual treatment and refining charges next year, which will push the i...Read More
Department of Justice prosecutors charged a sixth JPMorganexecutive for cheating in the precious metals markets. Jeffrey Ruffo stands accused of racketeering andspoofing metals prices from 2008 - 2016, along with other crimes includingconspiracy to commit wire fraud.The indictment outlines nearly a decade spent coordinating withother traders in JPMorgan’s precious metals department...Read More
By: Ira EpsteinGold has not yet established an uptrend, working off the oversold condition. Gold not trending one way or another yet..Read More
UBS slashed its price target to $48 and cut its rating to "sell" Applied Materials, Inc. (NASDAQ:AMAT) is falling even deeper off Monday's record high of $63.07, down 4.2% to trade at $57.16 after UBS cut the semiconductor stock to "sell" from "neutral," and slashed its target by one dollar to $48. The analyst foresees AMAT's wafer fab equipment run rate contracting in the first half of 2020, putt...Read More
BBBY has had a volatile run since early OctoberShares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) saw a healthy bull gap in early October, just after the company announced Mark Tritton as its new CEO. Since then, the equity has received a handful of bull notes, but quickly backpedaled after revealing an e-mail hacking incident later that month. And although BBBY still clings to a 13% year-to-date gai...Read More
A report from the Wall Street Journal said China may have invited the U.S. to continue trade negotiations in Beijing Stock futures are inching higher this morning, with the Dow signaling a roughly 19-point gain at the open after a new Wall Street Journal report suggested that Chinainvited U.S. officials to its capital to continue trade negotiations during a phone call last week. This follows yeste...Read More
Target stock has had an outstanding year on the chartsJust one day off a blowout earnings report that led to a new record high, Target Corporation (NYSE:TGT) is up 1.3% in electronic trading, continuing its climb higher and set to open at another all-time peak after receiving a fresh round of bull notes. Following last night's close, no fewer than 10 brokerage firms handed out a price-target hike...Read More
David HaggithConsider this a travelogue in pictures (graphs and charts really) that presents a rather striking and comprehensive image of a nation journeying into recession. Our decline is steeper now than it was even in my retelling of economic turns during the summer and early fall.While the stock market has continued to rise (and I never said it wouldn't rise this year until and unless rece...Read More