The current reading of 725 is a Positive indicator for the DJIA. The latest swoon bottomed out on December 5 and the Index has risen every day since then, gaining an impressive 61% in that time-frame. The RASI and the DJIA are now back in sync. [more]
Intel is putting focus on its Data Centre as A.I. business grows 20% year-over-year to US$3.5 billion in 2019. [more]
Transaction would create a gold producing company, with forecasted production of 700K ounces of gold in 2020 and 1M ounces in 2021. [more]
VersaPay shareholders would receive C$2.70 per share for a total of approximately C$126 million on a fully diluted basis. [more]
Shares of Saudi Arabian Oil Company (“ARAMCO”) started trading on the Riyadh stock exchange this week and rose in price with the market cap hitting US$2 trillion. [more]
Spruce Point Capital Management, a New-York-based firm focused on shorting company stocks, issued a negative report on Canadian Tire that sees a potential downside of 50%. [more]
Last week, the RASI declined below the important 500 level. This is bearish as it signals that the outlook for the stock market is Negative. Right now, the RASI and the DJIA are diverging, with the RASI declining and the DJIA rising. A divergent trend rarely lasts long. [more]
Continental is currently developing its 100%-owned Buriticá project in Colombia and expects production to start product in 2020, averaging over 250,000 gold ounces per year with a mine life of 14 years and an AISC of US$600 per ounce. [more]
Globex engages Canaccord Genuity as financial advisor to unlock value in numerous projects to create additional shareholder value. [more]
Dealmaking last week covered the whole gamut from gas stations to retailers to gold miners, from online trading to ticket trading, and from champagne drinkers to cannabis smokers. [more]
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