A storm is coming in the equities markets and the first sign of a equity rain cloud is the death cross that is hanging over the Russell 2000. This occurs when the 50-day moving average (DMA) crosses below the 200 DMA to the downside (see chart below). I believe a break in the equities could be the catalyst that pushes gold through $1246/oz and powers it up to the 200 DMA at $1276/oz. Now recently...Read More
A storm is comingin the equities markets and the first sign of a equity rain cloud is the deathcross that is hanging over the Russell 2000. This occurs when the 50-day movingaverage (DMA) crosses below the 200 DMA to the downside (see chart below). Ibelieve a break in the equities could be the catalyst that pushes gold through $1246/ozand powers it up to the 200 DMA at $1276/oz. Now recently sever...Read More
Eli Lilly gapped higher this month on regulatory buzzThe shares of pharmaceutical firm Eli Lilly and Co (NYSE:LLY) gapped higher in mid-November on news the company submitted a new drug application for its migraine treatment to the Food and Drug Administration (FDA). This pop brought the shares back above the $111 level, which is 50% above the stock's 2018 closing low of $74.21 from Feb. 8. Plus,...Read More
Yellowknife, NT - Diavik Diamond Mine has been awarded the Northwest Territories Mining and Exploration (MAX) Special Achievement Award for the design, construction and operations of its dikes and its contribution as a joint venture partner to the Tibbitt to Contwoyto Winter Ice Road.The NWT MAX awards are a partnership between the NWT & Nunavut Chamber of Mines and the GNWT's Department of Indust...Read More
Yellowknife, NT - Diavik Diamond Mine has been awarded the Northwest Territories Mining and Exploration (MAX) Special Achievement Award for the design, construction and operations of its dikes and its contribution as a joint venture partner to the Tibbitt to Contwoyto Winter Ice Road.The NWT MAX awards are a partnership between the NWT & Nunavut Chamber of Mines and the GNWT's Department of Indust...Read More
Searchlight Resources Inc. (TSXV:SRCH) (Read full newsRead More
"BTU Metals Applies for Drill Permits on Dixie Halo Project Following End of Fall Drone and Prospecting Program @BTUMetalsCorp https://t.co/ac4zkzjX49"Read full newsRead More
Wallbridge Mining Company Ltd. (TSX:WM, FWB:WC7) (Read full newsRead More
Powell is apparently between a rock and a hard place. Inflation surged, while the global economy slowed down. What will he do? And how will gold react?Inflation jumps in OctoberThe consumer price index climbed 0.3 percent last month, after rising 0.1 percent in September, according to the U.S. Bureau of Labor Statistics. It was the biggest rise since January, and it was mainly caused by an impress...Read More
What the ominous-sounding indicator really means for stocksThere's been a lot of media attention lately on "death crosses" -- when a longer-term moving average crosses above a shorter-term trendline. Typically, Wall Street considers the 50-day and 200-day moving averages for this ominous-sounding technical indicator, thought to be a predictor of bearish price action. However, below we break down w...Read More
"Check whos ready for the #Drink #Market!! CROP Corp is developing Cannadrink with Naturally Splendid! https://t.co/TbPtpgqTeV And who'd they bring on??Former Coca-Cola branding executive Arashdeep Singh!$NSP #Marijuana #Cannabis #edibles #weed $WEED $ACB $CROP #cola"Read full newsRead More
Bonterra Resources (TSXV:BTR, US:BONXF, FWB:9BR1) (theRead full newsRead More
WASHINGTON (Reuters) - U.S. homebuilding rose in October amid a rebound in multi-family housing projects, but construction of single-family homes fell for a second straight month, suggesting the housing market remained mired in weakness as mortgage rates march higher.Other details of the report published by the Commerce Department on Tuesday were also soft. Building permits declined last month and...Read More
LONDON (Reuters) - Companies began triggering plans to keep operating if Britain leaves the European Union without an agreement, a “no deal” scenario the Bank of England said could plunge the economy into a crisis not seen since the 1970s.With less than five months before Britain leaves the bloc, Prime Minister Theresa May is struggling to persuade parliament to back a draft divorce de...Read More
FRANKFURT (Reuters) - The European Central Bank must complete a clean-up of the euro zone’s banking sector if it is to survive the next financial crisis, the ECB’s incoming top watchdog Andrea Enria said on Tuesday.Enria is set to head the ECB’s Single Supervisory Mechanism, which oversees the euro zone’s 118 top lenders, many of which are still reeling from the last recess...Read More
(Kitco News) - Gold andsilver prices are modestly lower in early-afternoon U.S. trading Tuesday,pressured by bearish outside markets that include another sharp drop in crudeoil prices and a rally in the U.S. dollar index. However, there’s anotheroutside market force that’s limiting the downside in the safe-haven metals: amajor sell-off in the U.S. stock market recently that has now...Read More
(Kitco News) - Gold and silver prices are modestly lower in early-afternoon U.S. trading Tuesday, pressured by bearish outside markets that include another sharp drop in crude oil prices and a rally in the U.S. dollar index. However, there’s another outside market force that’s limiting the downside in the safe-haven metals: a major sell-off in the U.S. stock market recently that has...Read More
Options traders with short time frames had been targeting XRT puts even before todayOutside of tech, almost no sector is feeling the brunt of the stock market sell-off more than retail stocks, headlined by Target's (TGT) post-earnings slide. As such, the SPDR S&P Retail ETF (XRT) is seeing increased attention, with the exchange-traded fund (ETF) last seen trading down 1.8% at $44.67, falling furth...Read More
WASHINGTON (Reuters) - The United States has imposed sanctions on six people and three entities for their involvement in oil shipments to Syria, the U.S. Treasury Department said on Tuesday.The individuals listed in a statement by the Treasury included two Iranians, a Russian, a Syrian, an Iraqi and a Lebanese. Two of the entities listed are based in Russia and one in Iran.Reporting by Lisa Lamber...Read More
FBP has already gained 75% this year, but could keep climbingThe shares of First Bancorp (NYSE:FBP) are 2.2% lower at $8.97 in midday trading, under pressure amid the broad market sell-off today. The shares of FBP have maintained positive momentum all calendar year, and if history is any indicator, the stock could be ready to resume its long-term uptrend.On the charts, FBP boasts a year-to-date l...Read More