Things are changing very rapidly in the uranium mining space. In the first two months of 2017, uranium miners broke out strongly only to come back down to test major support right now. Uranium mining stocks, represented by the URA ETF, fell more than 3 percent today. That is a sharp decline which follows a 20 percent fall in two weeks. It was only some 6 weeks ago that we wrote how Uranium Miners Successfully Tested Their Bullish Breakout. Last week, we warned that Uranium Mining Stocks To Start A Strong Fight Between Bulls And Bears In March 2017. For now, that fight between bulls and bears is playing out very fast. For now, bulls still...
Mast Therapeutics Inc. (NYSEMKT: MSTX) reported financial results for the fourth quarter and year ended December 31, 2016. “We are pleased with the progress made with AIR001 during the year and anticipate the closing of the merger with Savara to take place in the second quarter of this year,” stated Brian M. Culley, Chief Executive Officer.“We believe this merger offers our stockholders a diversified, late-stage product development pipeline with important forthcoming milestones.” Fourth Quarter 2016 Operating Results The Company’s net loss for the fourth quarter of 2016 was $6.0 million, or $0.02 per share (basic and diluted), comp...
EUR/USD is awaiting the ECB decision with the updated forecasts. What can we expect? Here is their view, courtesy of eFXnews: We expect the ECB to maintain its dovish stance at the meeting this week although inflation has reached the 2% target. The reason why we do not expect the ECB to react to the stronger inflation figure is that it is driven by the volatile energy and unprocessed food price inflation, whereas the underlying price pressure remains weak. The ECB has said it will not change its monetary policy based on such a rise in inflation and in the introductory statement from the latest ECB meeting it was communicated that ‘the Go...
Peter Navarro, Trump’s trade czar, went after Germany and China again today. Navarro claims Trade Deficits Endanger U.S. National Security. The director of President Donald Trump’s newly formed National Trade Council said Monday the administration would make the reduction of U.S. trade deficits its top policy focus. Speaking to a conference of business economists, trade adviser Peter Navarro said the U.S. faced a growing economic and potential national security risk from the commercial behavior of its major trading partners, including China and Germany. “Bilateral trade deficits do indeed matter, and it is a critical economic goal and ...
Investors on election night: “serenity now.” Investors today: “zzzzzz.” Since mid-December, we have witnessed the most peaceful market in history. The S&P 500 has now gone 54 consecutive trading days without a 1% intraday move (high to low as a %), trouncing the prior record of 34 straight days from back in 1995. When I post these stats on twitter, the most common response is negative, invoking “the calm before the storm” and other bearish omens. “Be afraid,” they write, “be very afraid.” Which begs the question: is there any evidence that such periods of calm tend to proceed an imminent top? Not exactly. Following lo...
My long-term outlook on oil hasn’t changed for more than a year. The long-term patterns are still bullish, despite the lack of movement in oil recently.The short-term outlook is a bit more bearish, as we could well see a move to the downside before the price continues higher. Currently, I am not positioned in oil futures, but I do own a handful of oil stocks, which I purchased in early 2016 near the bottom. This is article is an excerpt from an email sent to the Canadian Investor Stock Signals subscribers. Outlook for Crude Oil My long-term outlook on crude oil remains bullish for a number of reasons. Mainly, oil stocks and the commodit...
Written by BNN.ca Global oil supply may struggle to match demand after 2020, when the pinch of a two-year decline in investment in new production could leave spare capacity at a 14-year low and send prices sharply higher, the International Energy Agency said on Monday. Investors generally are not betting on a sharp rise in the price of crude oil any time soon, but the contraction in global spending in 2015 and 2016 and growing global demand means the world could well face a “supply crunch” if new projects are not soon given the go-ahead, the IEA said in its five-year “Oil 2017” market analysis and forecast report. Mos...
<< Read More: The Biggest Myths In Investing, Part 1 – The “Investing” Myth << Read More: The Biggest Myths in Investing, Part 2 – The Stock Market Is Where You Get Rich << Read More: The Biggest Myths In Investing, Part 3 – You Need To Beat The Market << Read More: The Biggest Myths in Investing, Part 4 – Indexing is Average << Read More: The Biggest Myths in Investing, Part 5 – Bonds Lose Value if Rates Rise << Read More: The Biggest Myths In Investing, Part 6 – Gold Is A Good Portfolio Hedge I’m not gonna tip toe around this topic. My career in finance has convinced me that mo...
After nearly 4 months of complacency, a few definitive signs of volatility may truly be emerging. The S&P 100 today opened with 95 decliners, first time we have seen this since early November. Moreover, the XLF sold off a bit today with bonds selling off as well. Lastly, we shall build a bullish spread in the TLT as the bonds have seemingly priced in a rate increase for the March FMOC meeting. Video Length: 00:09:18...
During the session on Tuesday, we get GDP numbers coming out of the European Union, German Factory Orders, PMI numbers coming out of Canada, and several other mid-level announcements. Because of this, we could see a bit of volatility. DAX The German index fell a bit during the day on Monday, but continues to find support below. Because of this, looks as if the call buyers are very interested in the 20-day exponential moving average just below, pictured in rent. “Buying on the dips” continues to be the mantra of call buyers. Start Trading DAX Binary Options Gold Gold markets continue to see support below at the $1220 level, so it’s very ...