Recent News

The stock market faces 'unlimited downside risk,' warns veteran trader

October 23, 2018 / www.marketwatch.com

The stock market opened with a resounding thud on Tuesday morning, as the Dow Jones Industrial Average DJIA, -0.99% , at one point, had shed more than 500 points. The S&P 500 index SPX, -0.66% and the Nasdaq Composite COMP, -1.63% endured even harder hits, down more than 2% each. Read: Dow plunges amid corporate outlook, China selloff So, you must positioning yourself for that tasty bounc...Read More

Dow Tumbles 400 Points After 3M, Caterpillar Crash After Earnings | Zero Hedge

October 23, 2018 / www.zerohedge.com

The earnings disappointments continue with CAT and 3M the latest to add to fears aboutRead full newsRead More

Wallbridge Intersects 37.91 g/t Gold Over 5.26 Metres and 21.00 g/t Gold Over 4.56 Metres @WMmining...

October 23, 2018 / twitter.com

"Wallbridge Intersects 37.91 g/t Gold Over 5.26 Metres and 21.00 g/t Gold Over 4.56 Metres @WMmining https://t.co/4VVxyd909h"Read full newsRead More

The Biotech Stock To Buy Now

October 23, 2018 / www.schaeffersresearch.com

Could this biotech bet bank you 1,700% profit?Contributed by Raging BullBig pharma isn't what it use to be and investors are wondering what the future holds for the Goliaths of the industry.Kyle Dennis, one of the most well known up and coming traders, saw this shift happening when others didn't. Years ago, he began to place a heavy emphasis on small-cap biotech stocks he saw enormous upside for a...Read More

This Weed Stock Buy Signal Has Never Been Wrong

October 23, 2018 / www.schaeffersresearch.com

Short-term options premiums are relatively rich at the moment, thoughThe shares of Cronos Group Inc (NASDAQ:CRON) topped out at a record high of $15.30 on Sept. 19, as the cannabis craze gripped Wall Street. The weed stock has since retreated from this milestone, and following a quick pop higher last week ahead of Canada's legalization of recreational marijuana, is down 8.2% today to trade at $7.8...Read More

RT @keith__johnston: Dyson will build electric cars in Singapore for a 2021 launch

October 23, 2018 / www.cnet.com

The company is making fast progress on its expansion into automotive and wants to start manufacturing ASAP.Read full newsRead More

Tesla critic Citron makes U-turn ahead of results

October 23, 2018 / www.kitco.com

(Reuters) - Tesla Inc (TSLA.O) shares rose 6 percent on Tuesday, after long-time critic and short-seller Citron Research had a change of heart on the company’s outlook, praising the success of the electric carmaker’s mass market Model 3 sedan.The firm lauded Tesla’s Model 3 in a research note, saying the sedan is a proven hit and many of the warning signs around the company have...Read More

Barrick favors taking back control of Acacia Mining

October 23, 2018 / www.mining.com

Barrick Gold Corp. favors taking back control of its separately listed Tanzanian assets after completing its takeover of Africa-focused rival Randgold Resources Ltd., according to people familiar with the situation.Barrick spun off those assets in 2010 into a company now called Acacia Mining Plc. That unit - listed in London but majority owned by Barrick - has been dogged by operational setbacks...Read More

Barrick favors taking back control of Acacia Mining

October 23, 2018 / www.mining.com

Barrick Gold Corp. favors taking back control of its separately listed Tanzanian assets after completing its takeover of Africa-focused rival Randgold Resources Ltd., according to people familiar with the situation.Barrick spun off those assets in 2010 into a company now called Acacia Mining Plc. That unit - listed in London but majority owned by Barrick - has been dogged by operational setbacks...Read More

Falling stocks depress U.S. dollar against other safe havens

October 23, 2018 / www.kitco.com

NEW YORK (Reuters) - The U.S. dollar fell on Tuesday after Wall Street opened lower, spurring a risk-off move that benefited the safe-haven Japanese yen and Swiss franc against the greenback.The Dow Jones Industrial Average .DJI, the S&P 500 .SPX and the Nasdaq Composite .IXIC were all around 2 percent lower at mid-morning, dragged down by disappointing earnings from industrial bellwether...Read More

Autodesk, Flex veterans raise $179 million for manufacturing startup

October 23, 2018 / www.kitco.com

(Reuters) - A group of former executives from Autodesk Inc and Flex Ltd has raised $179 million in venture capital for a manufacturing startup that aims to use a combination of robots and new software to remove much of the manual labor from manufacturing electronic devices.San Francisco-based Bright Machines focuses on two areas. One is “micro-factories” made up of robot cells it says...Read More

Gold Analysis: Jumps on Tuesday

October 23, 2018 / www.fxstreet.com

Gold Gold prices have surged on Tuesday morning and reached the upper trend line of a dominant ascending pattern near the 1,235.00 level. If the commodity price breaks the resistance of the trend line, the metal is set to surge at least up to the 1,240.00 mark.   Meanwhile, a bounce off from the resistance and a following decline would reach back down to the pivot point at the 1,227.30 l...Read More

Gold Shines As Safe-Haven As U.S. Equities Drop Another 2%

October 23, 2018 / www.kitco.com

(Kitco News)- Safe-haven demand is once again boosting gold prices as U.S.equity markets drop 2% across the board.“Gold’s safe-haven allure is back,” said Phillip Streible, seniormarket strategist at RJO Futures. “Equities are doing down sharply andinvestors don’t know what to do, so they are turning to gold.”Safe-haven demand pushed gold prices to its highest l...Read More

Gold Shines As Safe-Haven As U.S. Equities Drop Another 2%

October 23, 2018 / www.kitco.com

(Kitco News) - Safe-haven demand is once again boosting gold prices as U.S. equity markets drop 2% across the board.“Gold’s safe-haven allure is back,” said Phillip Streible, senior market strategist at RJO Futures. “Equities are doing down sharply and investors don’t know what to do, so they are turning to gold.”Safe-haven demand pushed gold prices to its highe...Read More

Dyson picks Singapore to build electric cars rivaling Tesla

October 23, 2018 / www.mining.com

Dyson Ltd., famous for making vacuum cleaners, picked Singapore to manufacture its first electric car, pushing ahead with plans to challenge Tesla Inc. in the hottest sector of the automotive market.The closely held British manufacturer, also known for hand dryers and air purifiers, said Tuesday it will complete the factory by 2020 and stuck to a goal of rolling out its first model by 2021 as part...Read More

Gold Backs Off Daily Highs As U.S. Stocks Off Daily Lows

October 23, 2018 / www.kitco.com

(Kitco News) - Gold prices are still holding decent gains of around $10.00 an ounceafter hitting a nearly three-month high of $1,243.00, basis December Comex futures, in early U.S. trading Tuesday.However, the safe-haven metal has backed down from session highs as the U.S.stock indexes have moved up from their session lows, but are still tradingsolidly lower on the day. December gold was last up...Read More

Euro zone consumer sentiment rises slightly in October

October 23, 2018 / www.kitco.com

BRUSSELS (Reuters) - Euro zone consumer sentiment rose slightly in October, against expectations of a decline, according to figures released on Tuesday.The European Commission said a flash estimate showed euro zone consumer morale increased to -2.7 points in October from -2.9 points in September. Economists polled by Reuters had on average expected a decline to -3.2 points.In the European Union as...Read More

U.S. Treasury targets Taliban, Iranian backers with sanctions

October 23, 2018 / www.kitco.com

WASHINGTON (Reuters) - The U.S. Treasury Department imposed sanctions targeting Afghanistan's Taliban insurgency on Tuesday, designating eight people including two Iranians linked to Tehran's Revolutionary Guards' Quds force, according to the department's website.The individuals, which include two Pakistanis and four Afghanis, were identified as global terrorists by the Treasury Department, an act...Read More

Puerto Rico revised fiscal plan approved over government opposition

October 23, 2018 / www.kitco.com

SAN JUAN (Reuters) - Puerto Rico's federally appointed financial oversight board on Tuesday unanimously approved a revised fiscal reform plan meant to put the bankrupt island on a path toward solvency, but faced opposition from the elected government for being too strict.The vote by the seven members of the board was unanimous even though some raised concerns about the plan's ultimate viability to...Read More

Wall Street tumbles as weak industrials add to dour mood

October 23, 2018 / www.kitco.com

(Reuters) - Wall Street sank more than 1 percent on Tuesday as disappointing forecasts from industrial bellwethers Caterpillar and 3M piled on to concerns over Saudi Arabia’s diplomatic isolation, Italy’s finances and trade-war fears.All the three major Wall Street indexes were trading below their 200-day moving averages, a key technical indicator of long-term momentum and all 11 major...Read More

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