Some stocks have exploded higher in the Xmas week, but things can change, father time will see to that. Euro: A bounce was expected on short covering, nothing happened. Bank of America: Touched under $5, break this and $3 is support, ouch. Gold: No real rally, and its seasonally favorable, bulls are hesitant. In the [...]
The Canadian mining company, Kinross Gold Corporation (NYSE:KGC) announced that it closed its $200 million term loan to fund increase in Kupol ownership. The loan was a non-recourse loan taken from a group of international financial institutions. The non-recourse loan carries a term of five years, with annual interest of LIBOR plus 2.5%. In April [...]
Zacks initiates coverage of Petaquilla Minerals Steven Ralston, CFA Zacks has initiated coverage of Petaquilla Minerals (PTQ) with an Outperform rating. Petaquilla Minerals Ltd. is a junior gold production and exploration company with a producing gold mine (Molejón) located in Panamá and other mineral exploration properties in Panamá and Spain. The Molejón gold project in [...]
We maintain our Neutral recommendation on Goldcorp Inc. (NYSE:GG), a leading gold producer engaged in gold mining and related activities including exploration, extraction, processing and reclamation. Goldcorp reported excellent third-quarter 2011 results. Adjusted net earnings were $0.57 per share compared with $0.33 in the year-ago quarter. Results exceeded the Zacks Consensus Estimate of $0.56. Revenues [...]
Newmont Mining Corporation’s (NYSE:NEM) subsidiary Newmont Mining Corporation of Canada Limited (TSX:NMC), completed the previously announced reorganization of the Company and certain of its affiliates. The reorganization was intended to provide a more flexible and efficient corporate structure for the exchangeable shares and would not substantively affect the rights of the company’s exchangeable share holders. [...]
Talking Points Crude Oil Pressured by Risk Aversion But Chart Hints at Bounce Ahead Gold Taking Cues from US Dollar’s Response to Euro Crisis News Flow WTI Crude Oil (NY Close): $93.53 // -0.34 // -0.36% Crude oil prices are under pressure in European trade as Eurozone debt crisis jitters and the death of Kim [...]
If Santa does turn up this week, here are some good stocks that are due for a bounce. From a previous post: GE, BMY, PFE Plus.. Symbols from our Swing Scanner 20111215: CERN, TDC, PCLN, RRC, CHKP, NGD How to replicate the same scan: – Select all Database Symbols – RTTTrend Break or Reverse Like [...]
This is one of those times that we have inveighed about so often. It is a typical “COM” week where markets are designed to confuse, obfuscate and misdirect the players. All thirty DOW stocks and commodities were down as Europe and Bernanke disappointed the markets with what they did not do. The markets were looking [...]
Just last September 2011, gold (XAU/USD) reached a new all-time high of just above $1,900.00 per ounce. Investors’ hedging against capital losses due to the economic risks in Europe and the US was the primary reason of this ascent. This past several days, however, gold has slipped sharply. After ranging for a while between $1,700 and [...]
Cusick’s Corner Trapped, that’s how longs in equities are feeling as we move into the Midday, and I want to see if this bounce off the lows is just another opportunity for the shorts to bang on the longs. With the commodity markets all pulling back, Oil, Grains, Gold, are in a mass liquidation. I [...]
12/14/11 Meridian Equity Partners’ Stephen Guilfoyle discusses the rising USD, the selloff in gold and expectations for the central banks in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards Originally from DailyMarkets.com
A wage deal has been reached to end a three-month strike at a giant gold and copper mine in Indonesia owned by US company Freeport McMoRan Copper & Gold Inc. (NYSE:FCX). As per Freeport Indonesia’s Union, the two sides have agreed to pay 37% increase over two years including 24% rise in its first year [...]
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