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The Week of September 5th to September 10th, 2017 “A Brief Look Back Into Tomorrow”

 

 

 

 

 

The shortened North American trading week began on Tuesday, September 5th following the Labor/Labour Day holiday on both sides of the border, with investors nervous about world events and commodities enjoying multi-year highs. All of which led technical analysts David Tippin & Ron Meisels to comment in part – “The overall market outlook remains very positive….If there is a pullback, the bears will come out in force and it should be treated as a major buying opportunity.” (For a complete copy of this report please contact Rod.Blake@canaccord.com.)

 

 

 

The U.S. Commerce Department reported their factory goods orders fell in July by an unexpected 3.3%.

 

 

 

Cruise line stocks such as Carnival Corp. (CCL-N), Royal Caribbean (RCL-N), and Norwegian Cruise Lines (NCLH-Q) fell in unison as Hurricane Irma moved across the Caribbean and on towards Florida.

 

 

 

Cadiz Inc. (CDZI-Q) shares’ surged up by over 29.5% to US$12.50 as the innovative company moved closer to getting permits to pump water from California’s Mojave Desert.

 

 

 

The share price of Insmed Inc. (INSM-Q) rocketed up by 118% to US$14.48 on word its drug to treat resistant nontuberculous mycobacterial lung infections had met its main goal in a key study.

 

 

 

Wednesday, September 6th saw the Bank of Canada take the investment world by surprise as the nation’s national bank raised the country’s key target policy interest rate by 0.25% to 1.0%.This being the second such increase in the past 2-months.

 

 

 

Across the line – the U.S. Fed reported their annual inflation rate eased by 0.1% in July to 1.4%.

 

 

 

Patriot One Technologies (PAT-V) shares’ rose by over 12% to $0.73 after the company announced its concealed weapons detection system had received Industry Canada certification.

 

 

 

Similarly, the price of Sarepta Therapeutics (SRPT-Q) stock surged up by over 13% to US$46.54 on word the company’s drug to treat fatal muscle wasting disease had met its main goal in an early-stage trial.

 

 

 

TransCanada Corp. (TRP-T) threw the climate change ball back into the National Energy Board’s court on Thursday, September 7th by asking to suspend its application to build the Energy East pipeline due to vague concerns about perceived greenhouse gas emissions.

 

Bloomberg reported the Canadian dollar – that surged up to  US$82.36 following Wednesday’s Bank of Canada interest rate increase -has gained 6.77% in the second quarter – its best quarter since Q2 2003.

 

 

 

Dollarama Inc. (DOL-T) shares’ rose by almost 11% to $134.72 after the discount retailer once again beat the streets’ expectations with its 2nd-quarter financials.

 

 

 

The price of RH (RH-N) stock rocketed up by 45% to US$71.76 after the furniture retailer raised its earnings forecast for the rest of the year.

 

 

 

Friday, September 8th had Statistics Canada report the economy created a better than expected 22,200 new jobs in August which helped to lower our unemployment rate by 0.1% to a 9-year low of 6.2%.

 

 

 

Metallis Resources (MTS-V) shares’ surged up by over 43% to $0.74 as investors anticipated more encouraging drill hole gold/copper assays from its Kirkham project in northern British Columbia.

 

 

 

Conversely, the price of Equifax Inc. (EFX-N) fell by 13.5% to US$123.46 after the consumer credit company reported as many as 143-million of its customers may have had their data hacked.

 

 

 

During the Weekgold bullion rose to a new 1-year high of US$1,352-an-ounce, while copper reached a new 3-year high of US$3.15-a-pound and the Canadian loonie climbed to a new 21/4-year high of US$0.8226.

 

 

 

Copper Mountain Mining (CMMC-T) at $1.40, Sabina Gold & Silver (SBB-T) at $2.70 and Trevali Mining (TV-T) at $1.60 all rose to new TSX 52-week trading highs while Cara Operations (CARA-T) at $21.72, Molson Coors Canada (TPX.B-T) at $106.85 and Painted Pony Energy (PONY-T) at $3.15 all dropped to new 52-week trading lows.

 

 

 

For the Week – the Dow Industrials lost 0.86% to 21,798, with the S&P 500 down by 0.61% to 2,462 and the NASDAQ Exchange off by 1.17% to 6,360. North of the border – the TSX Composite Index fell by 1.36% to 14,985 and the TSX Venture Exchange was 0.77% lower to 772.

 

 

 

With Commoditiesgold bullion rose by 1.65% to US$1,352, while copper lost 2.56% to US$3.04 as crude oil improved by 0.59% to US$47.57 and natural gas dropped by 5.54% to US$2.90. Overall, the CRB Spot Commodities Index fell by 0.46% to finish the week at 434.

 

 

 

The Canadian dollar gained 2.06% against its southern neighbour to end the week at US$0.8226.

 

 

 

And the closely watched CBOE Volatility Index or VIX rose by 2.12-points to finish the week at a much more nervous level of 12.25.

 

 

 

And Finally – Your age has much to do in how happy you may be the combined results of recent General Social, European Social and Understanding Society Surveys has found that those in their late teens & early twenties were found to be the happiest of people, with your degree of happiness then falling steadily to about age fifty before picking up again as people advanced into their senior years.

Posted September 11, 2017

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Copyright 2017 The Prospector News - Site design by Spyderbaby Productions

The Week of September 5th to September 10th, 2017 “A Brief Look Back Into Tomorrow” | Prospector News
Uncategorized

The Week of September 5th to September 10th, 2017 “A Brief Look Back Into Tomorrow”

 

 

 

 

 

The shortened North American trading week began on Tuesday, September 5th following the Labor/Labour Day holiday on both sides of the border, with investors nervous about world events and commodities enjoying multi-year highs. All of which led technical analysts David Tippin & Ron Meisels to comment in part – “The overall market outlook remains very positive….If there is a pullback, the bears will come out in force and it should be treated as a major buying opportunity.” (For a complete copy of this report please contact Rod.Blake@canaccord.com.)

 

 

 

The U.S. Commerce Department reported their factory goods orders fell in July by an unexpected 3.3%.

 

 

 

Cruise line stocks such as Carnival Corp. (CCL-N), Royal Caribbean (RCL-N), and Norwegian Cruise Lines (NCLH-Q) fell in unison as Hurricane Irma moved across the Caribbean and on towards Florida.

 

 

 

Cadiz Inc. (CDZI-Q) shares’ surged up by over 29.5% to US$12.50 as the innovative company moved closer to getting permits to pump water from California’s Mojave Desert.

 

 

 

The share price of Insmed Inc. (INSM-Q) rocketed up by 118% to US$14.48 on word its drug to treat resistant nontuberculous mycobacterial lung infections had met its main goal in a key study.

 

 

 

Wednesday, September 6th saw the Bank of Canada take the investment world by surprise as the nation’s national bank raised the country’s key target policy interest rate by 0.25% to 1.0%.This being the second such increase in the past 2-months.

 

 

 

Across the line – the U.S. Fed reported their annual inflation rate eased by 0.1% in July to 1.4%.

 

 

 

Patriot One Technologies (PAT-V) shares’ rose by over 12% to $0.73 after the company announced its concealed weapons detection system had received Industry Canada certification.

 

 

 

Similarly, the price of Sarepta Therapeutics (SRPT-Q) stock surged up by over 13% to US$46.54 on word the company’s drug to treat fatal muscle wasting disease had met its main goal in an early-stage trial.

 

 

 

TransCanada Corp. (TRP-T) threw the climate change ball back into the National Energy Board’s court on Thursday, September 7th by asking to suspend its application to build the Energy East pipeline due to vague concerns about perceived greenhouse gas emissions.

 

Bloomberg reported the Canadian dollar – that surged up to  US$82.36 following Wednesday’s Bank of Canada interest rate increase -has gained 6.77% in the second quarter – its best quarter since Q2 2003.

 

 

 

Dollarama Inc. (DOL-T) shares’ rose by almost 11% to $134.72 after the discount retailer once again beat the streets’ expectations with its 2nd-quarter financials.

 

 

 

The price of RH (RH-N) stock rocketed up by 45% to US$71.76 after the furniture retailer raised its earnings forecast for the rest of the year.

 

 

 

Friday, September 8th had Statistics Canada report the economy created a better than expected 22,200 new jobs in August which helped to lower our unemployment rate by 0.1% to a 9-year low of 6.2%.

 

 

 

Metallis Resources (MTS-V) shares’ surged up by over 43% to $0.74 as investors anticipated more encouraging drill hole gold/copper assays from its Kirkham project in northern British Columbia.

 

 

 

Conversely, the price of Equifax Inc. (EFX-N) fell by 13.5% to US$123.46 after the consumer credit company reported as many as 143-million of its customers may have had their data hacked.

 

 

 

During the Weekgold bullion rose to a new 1-year high of US$1,352-an-ounce, while copper reached a new 3-year high of US$3.15-a-pound and the Canadian loonie climbed to a new 21/4-year high of US$0.8226.

 

 

 

Copper Mountain Mining (CMMC-T) at $1.40, Sabina Gold & Silver (SBB-T) at $2.70 and Trevali Mining (TV-T) at $1.60 all rose to new TSX 52-week trading highs while Cara Operations (CARA-T) at $21.72, Molson Coors Canada (TPX.B-T) at $106.85 and Painted Pony Energy (PONY-T) at $3.15 all dropped to new 52-week trading lows.

 

 

 

For the Week – the Dow Industrials lost 0.86% to 21,798, with the S&P 500 down by 0.61% to 2,462 and the NASDAQ Exchange off by 1.17% to 6,360. North of the border – the TSX Composite Index fell by 1.36% to 14,985 and the TSX Venture Exchange was 0.77% lower to 772.

 

 

 

With Commoditiesgold bullion rose by 1.65% to US$1,352, while copper lost 2.56% to US$3.04 as crude oil improved by 0.59% to US$47.57 and natural gas dropped by 5.54% to US$2.90. Overall, the CRB Spot Commodities Index fell by 0.46% to finish the week at 434.

 

 

 

The Canadian dollar gained 2.06% against its southern neighbour to end the week at US$0.8226.

 

 

 

And the closely watched CBOE Volatility Index or VIX rose by 2.12-points to finish the week at a much more nervous level of 12.25.

 

 

 

And Finally – Your age has much to do in how happy you may be the combined results of recent General Social, European Social and Understanding Society Surveys has found that those in their late teens & early twenties were found to be the happiest of people, with your degree of happiness then falling steadily to about age fifty before picking up again as people advanced into their senior years.

Posted September 11, 2017

MORE or "UNCATEGORIZED"


The Week of November 13th to November 19th, 2017 “A brief Look Back Into Tomorrow”

The new North American trading week began on Monday, November 13t... READ MORE

November 20, 2017

ORENINC INDEX falls as brokered deals dry up

ORENINC INDEX – Monday, November 20th, 2017 North America... READ MORE

November 20, 2017

This Week on The CSE - Short Week Of November 12 - 17

As my week began with a crossing of the iconic Lions Gate ... READ MORE

November 20, 2017

Pistol Bay Creates Blockchain Subsidiary, PB Blockchain Inc.

Pistol Bay Mining Inc. (TSX-V:PST) (Frankfurt :OQS2) is pl... READ MORE

November 20, 2017

Stroud Resources Announces 71% Increase in Measured and Indicated Resources at Santo Domingo, Mexico

Stroud Resources Ltd. (TSX-V:SDR) has filed an updated, independe... READ MORE

November 20, 2017

Copyright 2017 The Prospector News - Site design by Spyderbaby Productions