October 8, 2018: Markets opened lower Monday and appeared to be in for a solid loss until around noon. A direction change has returned the Dow and the S&P 500 to around the break-even line. The threat of rising interest rates may have cooled enthusiasm for equities, especially with bond markets closed and who knows what kind of day we’ll see Tuesday when they reopen. Defensive stocks worked their magic today, while the tech and energy sectors lagged.
WTI crude oil for November delivery settled at $74.29 a barrel, less than 0.1% for the day. December gold dropped about 1.4% to settle at $1,188.60. Equities were heading for a narrowly mixed close about 10 minutes before the bell as the Dow traded up 0.27% for the day, the S&P 500 traded up 0.08%, and the Nasdaq Composite traded down 0.52%.
Bitcoin futures (XBTV8) for October delivery traded at $6,620, up about 1.3% on the Cboe after opening at $6,530 this morning. The trading range today was $6,520 to $6,665.
Top Gold Stocks To Invest In 2019: Northgate Minerals Corporation(NXG)
Advisors' Opinion:- [By Shane Hupp]
Shares of NEX Group PLC (LON:NXG) have been given an average rating of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 696 ($9.21).
Top Gold Stocks To Invest In 2019: CME Group Inc.(CME)
Advisors' Opinion:- [By Money Morning Staff Reports]
Bitcoin prices slumped under $6,000 per coin on a day when futures contracts expired at CME Group Inc. (NYSE: CME).
But despite the recent downturn, many cryptocurrency bulls expect that institutional investors will pour into the market.
- [By Chris Hill]
Gross: I got CME Group (NASDAQ:CME), ticker CME. Operates the world's largest futures and options exchange. They're in a great position to either innovate or acquire assets to grow. They take a little toll for every transaction that goes across their platform. Institutions managing risk, derivatives are more important than ever, which is good for their business. They pay a 3.6% yield, including a special dividend that they typically pay on an annual basis. Trading volumes are skyrocketing. The business is strong.
- [By Logan Wallace]
Epoch Investment Partners Inc. grew its holdings in shares of CME Group Inc (NASDAQ:CME) by 51.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,545,562 shares of the financial services provider’s stock after purchasing an additional 528,198 shares during the period. Epoch Investment Partners Inc.’s holdings in CME Group were worth $249,980,000 at the end of the most recent quarter.
Top Gold Stocks To Invest In 2019: NEW GOLD INC.(NGD)
Advisors' Opinion:- [By Ethan Ryder]
Commerzbank Aktiengesellschaft FI raised its holdings in shares of New Gold Inc (Pre-Merger) (NYSEAMERICAN:NGD) by 5.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,015,289 shares of the basic materials company’s stock after buying an additional 101,852 shares during the period. Commerzbank Aktiengesellschaft FI owned about 0.35% of New Gold Inc (Pre-Merger) worth $4,192,000 at the end of the most recent reporting period.
- [By Paul Ausick]
New Gold Inc. (NYSE: NGD) dropped about 4.7% Friday to post a new 52-week low of $2.05. Shares closed at $2.15 on Thursday and the stock’s 52-week high is $4.25. Volume was about 50% higher than the daily average of 4.2 million. The junior gold miner had no specific news.
- [By Paul Ausick]
New Gold Inc. (NYSEAMERICAN: NGD) dropped about 1.9% Tuesday to post a new 52-week low of $2.09. Shares closed at $2.13 on Monday and the stock’s 52-week high is $4.25. The junior gold miner had no specific news.
- [By Travis Hoium]
Shares of miner New Gold Inc. (NYSEMKT:NGD) jumped as much as 19.4% in trading early Wednesday after the company announced a leadership change. Shares were hitting their high at 11:05 a.m. EDT and seemed to be gaining momentum.
- [By Maxx Chatsko]
Shares of New Gold (NYSEMKT:NGD) fell by over 14% today after the company announced the surprise sale of its Mesquite gold mine. The business will receive $158 million in cash for the productive asset, which management says will "immediately crystallize several years' worth of future free cash flow as part of our strategy to prudently manage our balance sheet, providing the company with the financial flexibility to focus on our core assets".
- [By Matthew DiLallo]
Shares of New Gold (NYSEMKT:NGD) sold off on Thursday, plunging more than 20% by 11 a.m. EST after the gold mining company reported its fourth-quarter results as well as its outlook for 2019.
Top Gold Stocks To Invest In 2019: Orezone Gold Corp (ORE)
Advisors' Opinion:- [By Stephan Byrd]
Galactrum (ORE) is a PoW/PoS coin that uses the
Lyra2RE hashing algorithm. It launched on November 11th, 2017. Galactrum’s total supply is 2,092,679 coins and its circulating supply is 1,372,679 coins. Galactrum’s official Twitter account is @galactrum. Galactrum’s official website is galactrum.org. - [By Shane Hupp]
Galactrum (ORE) is a PoW/PoS coin that uses the
Lyra2RE hashing algorithm. It was first traded on December 13th, 2017. Galactrum’s total supply is 2,781,952 coins and its circulating supply is 2,061,952 coins. Galactrum’s official website is galactrum.org. Galactrum’s official Twitter account is @galactrum. - [By Stephan Byrd]
Galactrum (CURRENCY:ORE) traded 1.7% lower against the U.S. dollar during the 24 hour period ending at 18:00 PM Eastern on August 31st. Galactrum has a total market capitalization of $866,847.00 and approximately $5,272.00 worth of Galactrum was traded on exchanges in the last 24 hours. One Galactrum coin can now be purchased for about $0.42 or 0.00006032 BTC on major exchanges including Stocks.Exchange and Cryptopia. In the last seven days, Galactrum has traded 12.5% higher against the U.S. dollar.
- [By Peter Graham]
Sandstorm's due diligence is thorough, they don't just invest in any company. They like West Africa because they understand the area and the opportunities that exist there. Sandstorm is a royalty and streaming company, so they make these investments and receive cashflow deals that often kick in much later on. But they have already established a presence in Burkina and have deals in place with larger companies like Orezone Gold (TSXV: ORE) and Endeavour Mining (TSX: EDV). Sandstorm's investment also potentially gives us access to their marketing department through something they call Launch Lab, and it looks like it will really benefit our own marketing efforts and will expose us to more opportunities over the coming year.
- [By Jim Robertson]
Finally, Richard Seville, the CEO of Brisbane-based Orocobre Ltd (ASX: ORE) which began lithium sales in 2015 from northern Argentina and also experienced difficulty boosting output, commented that an "inability to access traditional funds has delayed the development of the sector" and that "these projects aren't easy -- so the banks just don't want to go there."
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