Gold

At 10:15 am, the Dow fell 2.16% to 11,197.12, the broader Standard & Poor's 500 index moved down 2.98% to 1,163.69 and the NASDAQ composite index dropped 3.29% to 2,449.00. The industries that are still afloat in the market today are: Building Materials Wholesale: This industry jumped 3.00%...

Shares of IAMGOLD (NYSE: IAG) are lower on the session by 0.51%, trading at $19.56. Overall call volume is now running at 3.97x the daily average, with 7% of all calls traded being purchases on the offer. 4,792 contracts have traded on the session so far. IAMGOLD Corporation is engaged primarily...

Shares of AngloGold Ashanti (NYSE: AU) are higher on the session by 1.35%, trading at $42.64. Overall call volume is now running at 13.19x the daily average, with 0% of all calls traded being purchases on the offer. 10,516 contracts have traded on the session so far. AngloGold Ashanti Limited is...

Cusick's Corner I will not discount Chicken Little next time. Pure panic is in the market and preservation of capital is pinnacle. The reality is that the data is bad, and with the Claims Data coming in at 400K, the Non-Farm payrolls need to come in tomorrow at or above 150K. If we see 75K then...

I borrowed the title of today's issue from the Daniel Day Lewis movie of the same name - based on the Upton Sinclair novel, "Oil!" The novel detailed the oil boom of early 20th Century Southern California. Today I'm not going to talk much about oil, but the title of the movie is appropriate enough...

Today I am going to do something really amazing. I am going to tell you that in my opinion the U.S. economy has not entered a second recession, it never came out of the first one. Well, before you professional economists start writing me that the Webster's definition of a recession is two...

Below are the top mid-cap gold stocks on the NYSE, the NASDAQ and the AMEX in terms of operating margin. The trailing-twelve-month operating margin at Royal Gold Inc (NASDAQ: RGLD) is 50.97%. RGLD's revenue for the same period is $197.87 million. The trailing-twelve-month operating margin at...

BMO reiterated its Outperform rating on New Gold (NYSE: NGD). At the same time, the rating agency left its price target on the company's stock unchanged at $15. On Wednesday, NGD added 1.46% to its value to finish the day at $11.13. Its shares lost some of yesterday's gains in today's pre-market...

This morning, there are less and less new 52 week highs on the New York Stock Exchange. When the new 52 week high list shrinks it tells us that the major stock indexes are coming under institutional selling pressure. The stocks that are making new 52 week highs include Clean Harbors Inc.(NYSE: CLH...

Scotia Capital has a Sector Outperform rating and a $21.50 price target on shares of Eldorado Gold Corporation (NYSE: EGO). In a note to clients, Scotia Capital writes, "ELD tightened its guidance to 700-725 koz (cons) at cash costs of $390-$410/oz (no royalties) from 715-770 koz (cons) at cash...

Juniper Networks Inc (NYSE: JNPR) rose 3.69% to $23.60 in the pre-market session. JNPR's PEG ratio is 1.02. Wynn Resorts Limited (NASDAQ: WYNN) added 1.31% to $148.76 in the pre-market session. Macau posted a 48.4% surge in July gambling revenue. Chesapeake Energy Corporation (NYSE: CHK) moved up...

Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to...

This morning, the gold mining stocks are trading slightly higher on the trading session. The popular Market Vectors Gold Miners ETF (NYSE: GDX) is trading higher by 0.56 cents to $57.90 a share. Recently, the GDX rolled over on the daily chart after trading as high as $61.71 a share on July 25,...

Scotia Capital is out with a research report on Barrick Gold Corporation (NYSE: ABX) and is lowering its price target to Sector Perform, and is lowering its price target to $59 from $60. In a note to clients, Scotia Capital writes, "Gold production came in at 1.98 Moz at total cash costs of $445/...

Scotia Capital is out with a research report on Agnico-Eagle Mines Limited (NYSE: AEM) and it has a Sector Perform and $80 price target after it reported earnings. In a note to clients, Scotia Capital writes, "Gold production of 239 koz at total cash costs of $565/oz vs. our estimate of 238 koz at...