The speculator placed a very well-timed bet late FridayRed Hat Inc (NYSE:RHT) stock has skyrocketed today, after IBM Corp (IBM) announced plans to purchase the software concern for about $34 billion. At last check, RHT stock was up 44.9% to trade at $169.04 -- and one recent options trader made a killing with a well-timed call purchase last week.In the last half-hour of Friday's session, a block o...Read More
YUKON - When the words "Rackla" and "Carlin style" deposit are mentioned, we often think of gold. Not this time. Say "North Rackla" and think of very good base metal grades. That's what Cantex Mine Development has been finding in this massive sulphide zone.Cantex has received results from nine holes drilled this summer. Four holes tested mineralization at the Discovery zone. The best hole was prob...Read More
YUKON - When the words "Rackla" and "Carlin style" deposit are mentioned, we often think of gold. Not this time. Say "North Rackla" and think of very good base metal grades. That's what Cantex Mine Development has been finding in this massive sulphide zone.Cantex has received results from nine holes drilled this summer. Four holes tested mineralization at the Discovery zone. The best hole was prob...Read More
LONDON (Reuters) - The British government has set out its exit strategy from its biggest taxpayer-funded bailout of the financial crisis, announcing plans to sell all of its shares in Royal Bank of Scotland (RBS.L) by 2024.The government owns 62.4 percent of RBS, Britain’s fourth-biggest bank by market value, which it rescued in 2008 with a 45.5 billion pound capital injection.The Office for...Read More
Unless the markets regain their footing soon, the pressure for the Federal Reserve to reassess monetary policy will mount, according to Deutsche Bank.Read full newsRead More
Meanwhile, Proofpoint shares are bouncing back from Friday's lowsThe Dow has erased its earlier lead on reports the U.S. is considering more tariffs on China. Three names in particular to watch today are cybersecurity specialist Proofpoint Inc (NASDAQ:PFPT), casino technology concern Scientific Games Corp (NASDAQ:SGMS), and electric auto manufacturer Electra Meccanica Vehicles Corp (NASDAQ:SOLO)....Read More
SPX's historical volatility has skyrocketed in OctoberIt's been a rocky month for the stock market, to say the least. The S&P 500 Index (SPX) briefly flirted with correction territory last week, and is on pace for its worst month since May 2010. What's more, over the past 20 sessions, SPX's 20-day historical volatility (HV) skyrocketed more than 300% -- from 5.48 on Sept. 28 to 22.41 on Friday, Oc...Read More
"Crystal Lake Mining (CLM-V) -- Drilling Starts at Burgundy Ridge... DR. Peter Lightfoot quotes:Read full newsRead More
(Reuters) - The S&P 500 and the Dow industrials rebounded on Monday, helped by gains in lagging financial shares, but declines for big tech and Internet stocks kept the Nasdaq in check as investors grappled with a recent spike in market volatility.The healthcare .SPXHC and consumer staples .SPLRCS sectors also supported the S&P 500. Shares of software maker Red Hat Inc (RHT.N) gave among t...Read More
WASHINGTON (Reuters) - Back when President Donald Trump was just a New York City real estate developer, he did battle over a Manhattan building project with a local U.S. congressman, whom he criticized as “one of the most egregious hacks in contemporary politics.”That congressman, Jerrold Nadler, is now a senior member of the U.S. House of Representatives and one of a handful of top De...Read More
Metallis Resources Inc (TSXV:MTS) (theRead full newsRead More
Mike Gleason: It is my privilege now to welcome in Greg Weldon, CEO and president of Weldon Financial. Greg has over three decades of market research and trading experience, specializing in the metals and commodity markets, and his close connection with the metals led him to author a book back in 2006, titled Gold Trading Boot Camp, where he accurately predicted the implosion of the U.S. credit ma...Read More
The British bank initiated coverage on Goldcorp, Kinross Gold, Newmont Mining and Yamana GoldRead full newsRead More
LONDON (Reuters) - Britain will scale back and then end in 2023 a flagship “Help to Buy” equity loan scheme, an initiative which has helped first-time buyers get onto the property ladder by allowing them to purchase a new home with as little as a 5 percent deposit.At the moment those taking advantage of the program, which is due to end in March 2021, can buy a property worth up to 600,...Read More
LONDON (Reuters) - British public debt looks set to remain high for a long time and finance minister Philip Hammond’s budget on Monday does not change that view, ratings agency Moody’s said.“Today’s budget confirms our expectation that we won’t see a material reversal in the UK’s high public debt levels for some time and that elevated debt levels will continue t...Read More
The car stock is fresh off its best week in seven monthsAuto giant Ford Motor Company (NYSE:F) has seenheavy options trading in recent weeks, landing on Schaeffer's Senior Quantitative Analyst Rocky White's list of 20 S&P 500 Index (SPX) stocks that saw the most options activity in the past 10 days. Names highlighted yellow are new to the list. Today, Ford stock is up 4% to trade at $9.35, thank...Read More
WASHINGTON (Reuters) - The U.S. Commerce Department on Monday said it has restricted U.S. exports to Chinese semiconductor maker Fujian Jinhua Integrated Circuit Co Ltd, citing a “significant risk” that its new memory chip capacity will threaten the viability of American suppliers of chips for military systems.In a press release, the Commerce Department said it has placed Fujian Jinhua...Read More
As a general rule, the most successful man in life is the man who has the best informationA decision by the Chinese government to slash production of rare earth elements (REEs) has spooked customers of the materials used in everything from cell phones to electric vehicles to smart bombs. And for those who follow the rare earths market, it's like deja vu back to 2009, when China suddenly reduced it...Read More
(Kitco News) - Gold prices aremoderately lower in early-afternoon U.S. trading Monday. Some profit takingfrom the shorter-term futures traders is featured. The stronger U.S. dollar index today that is hovering near last week’s nine-week high also workedagainst the precious metals market bulls today. There is also less riskaversion in the marketplace early this week as world stock markets hav...Read More
(Kitco News) - Gold prices are moderately lower in early-afternoon U.S. trading Monday. Some profit taking from the shorter-term futures traders is featured. The stronger U.S. dollar index today that is hovering near last week’s nine-week high also worked against the precious metals market bulls today. There is also less risk aversion in the marketplace early this week as world stock markets...Read More