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The Week of November 27th to December 3rd, 2017 “A Brief Look Back Into Tomorrow”

 

 

 

 

 

The new North American trading week began on Monday November 27th with the major markets still hovering near their recent all-time highs and seemingly looking for a reason to move higher again.

 

 

 

Reuters reported that American retailers sold a record US$7.9-billion of goods during their key Thanksgiving and Black Friday shopping days.

 

 

 

Novo Resources (NVO-V) shares’ fell by over 15% to $4.61 after an update on the junior explorer’s Karratha gold project in Western Australia failed to impress investors.

 

 

 

The price of Valeura Energy (VLE-V) stock soared up by 43% to $1.13 after the company reported positive natural gas and condensate flows from its Yamalik-1 well in Turkey.

 

 

 

Tuesday, November 28th has Adobe Insights report that buoyant online sales continued on Cyber Monday with American retailers moving a record US$6.59-billion of goods.

 

 

 

Bloomberg reported that the average selling price of a new American home rose in October to a record US$400,200.

 

 

 

Buffalo Wild Wings (BWLD-N) shares’ rose by 6% to US$155.50 after receiving a         US$2.4-billion takeover offer from fellow food server Arby’s.

 

 

 

Royal Dutch Shell (RDS’A-N) announced it will reinstate the cash dividend it was forced to eliminate during the sudden fall in oil prices a few years ago.

 

 

 

Supreme Pharmaceuticals (FIRE-V) saw its stock price fall by over 12% to $1.69 on Wednesday, November 29th after the marijuana grower’s financials failed to satisfy investors.

 

 

 

Thursday, November 30th had Enbridge Inc. (ENB-T) shares’ rise by over 6% to $48.65 after the pipeline giant confirmed it will raise its dividend by 10% next year as well as divesting itself of at least $3-billion of assets.

 

 

 

The price of Eros Resources (ERC-V) soared up by 18% to $0.20 after the junior petroleum company reported encouraging 3rd-quarter oil production figures.

 

 

 

Maricann Group (MARI-C) shares’ surged up by over 14% to $2.27 after the marijuana producer signed an agreement with British Columbia’s independent liquor stores to market its products through there retail facilities.

 

 

 

Friday, December 1st saw Statistics Canada report the country produced a much larger than expected 79,500 new jobs in November and that the national unemployment rate fell by a 0.4% to a 9-year low of 5.9%.

 

 

 

Petroleum industry consultant Baker Hughes (BHGE-N) reported that the number of active American drilling rigs rose by 8-rigs last week to 923 active rigs while the number of active Canadian rigs rose by 7-rigs to 215 active drilling rigs.

 

 

 

During the Week – the Dow Industrials, S&P 500 and NASDAQ rose to respective new record closing highs of 24,273, 2,648 and 6,905.

 

 

 

Ero Copper (ERO-T) at $7.01, Killam Apartment REIT (KMP.UN) at $14.40 and Trillium Therapeutics (TRIL-T) at $16.80 all set new TSX 52-week trading highs while Africa Oil     (AOI-T) at $1.40, Kingsway Financial Services (KFS-T) at $6.23 and Pershing Gold (PGLC-T) at $3.40 all fell to new 52-week trading lows.

 

 

 

For the Week – the Dow Industrials gained 2.86% to 24,232. With the S&P 500 up by 1.54% to 2,642 while the NASDAQ lost 0.60% to 6,848. To the north – the TSX Composite lost 043% to 16,039 and the TSX Venture fell by 0.63% to 789.

 

 

 

With Commoditiesgold bullion dropped by 0.70% to US$1,283, with copper down by 2.82% to US$3.10, as crude oil fell by 1.03% to US$58.34 while natural gas rose by 4.79% to US$3.06. Overall, the CRB Spot Commodity Index fell by 0.46% to end the week at 431.

 

 

 

The Canadian dollar gained 0.19% against its southern neighbor to finish the week at US$0.7878.

 

 

 

And the closely watched CBOE Volatility Index or VIX rose by 1.58-points to end the week at a little more nervous level of 11.25.

 

 

 

And FinallyCanada’s progressive immigrant policy is clearly reflected in the country’s latest census that showed that the number of immigrants in the country’s workforce rose by 2.6% in the past 10-years to 23.8% to 4.5-million workers.

Posted December 5, 2017

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Copyright 2017 The Prospector News - Site design by Spyderbaby Productions

The Week of November 27th to December 3rd, 2017 “A Brief Look Back Into Tomorrow” | Prospector News
Uncategorized

The Week of November 27th to December 3rd, 2017 “A Brief Look Back Into Tomorrow”

 

 

 

 

 

The new North American trading week began on Monday November 27th with the major markets still hovering near their recent all-time highs and seemingly looking for a reason to move higher again.

 

 

 

Reuters reported that American retailers sold a record US$7.9-billion of goods during their key Thanksgiving and Black Friday shopping days.

 

 

 

Novo Resources (NVO-V) shares’ fell by over 15% to $4.61 after an update on the junior explorer’s Karratha gold project in Western Australia failed to impress investors.

 

 

 

The price of Valeura Energy (VLE-V) stock soared up by 43% to $1.13 after the company reported positive natural gas and condensate flows from its Yamalik-1 well in Turkey.

 

 

 

Tuesday, November 28th has Adobe Insights report that buoyant online sales continued on Cyber Monday with American retailers moving a record US$6.59-billion of goods.

 

 

 

Bloomberg reported that the average selling price of a new American home rose in October to a record US$400,200.

 

 

 

Buffalo Wild Wings (BWLD-N) shares’ rose by 6% to US$155.50 after receiving a         US$2.4-billion takeover offer from fellow food server Arby’s.

 

 

 

Royal Dutch Shell (RDS’A-N) announced it will reinstate the cash dividend it was forced to eliminate during the sudden fall in oil prices a few years ago.

 

 

 

Supreme Pharmaceuticals (FIRE-V) saw its stock price fall by over 12% to $1.69 on Wednesday, November 29th after the marijuana grower’s financials failed to satisfy investors.

 

 

 

Thursday, November 30th had Enbridge Inc. (ENB-T) shares’ rise by over 6% to $48.65 after the pipeline giant confirmed it will raise its dividend by 10% next year as well as divesting itself of at least $3-billion of assets.

 

 

 

The price of Eros Resources (ERC-V) soared up by 18% to $0.20 after the junior petroleum company reported encouraging 3rd-quarter oil production figures.

 

 

 

Maricann Group (MARI-C) shares’ surged up by over 14% to $2.27 after the marijuana producer signed an agreement with British Columbia’s independent liquor stores to market its products through there retail facilities.

 

 

 

Friday, December 1st saw Statistics Canada report the country produced a much larger than expected 79,500 new jobs in November and that the national unemployment rate fell by a 0.4% to a 9-year low of 5.9%.

 

 

 

Petroleum industry consultant Baker Hughes (BHGE-N) reported that the number of active American drilling rigs rose by 8-rigs last week to 923 active rigs while the number of active Canadian rigs rose by 7-rigs to 215 active drilling rigs.

 

 

 

During the Week – the Dow Industrials, S&P 500 and NASDAQ rose to respective new record closing highs of 24,273, 2,648 and 6,905.

 

 

 

Ero Copper (ERO-T) at $7.01, Killam Apartment REIT (KMP.UN) at $14.40 and Trillium Therapeutics (TRIL-T) at $16.80 all set new TSX 52-week trading highs while Africa Oil     (AOI-T) at $1.40, Kingsway Financial Services (KFS-T) at $6.23 and Pershing Gold (PGLC-T) at $3.40 all fell to new 52-week trading lows.

 

 

 

For the Week – the Dow Industrials gained 2.86% to 24,232. With the S&P 500 up by 1.54% to 2,642 while the NASDAQ lost 0.60% to 6,848. To the north – the TSX Composite lost 043% to 16,039 and the TSX Venture fell by 0.63% to 789.

 

 

 

With Commoditiesgold bullion dropped by 0.70% to US$1,283, with copper down by 2.82% to US$3.10, as crude oil fell by 1.03% to US$58.34 while natural gas rose by 4.79% to US$3.06. Overall, the CRB Spot Commodity Index fell by 0.46% to end the week at 431.

 

 

 

The Canadian dollar gained 0.19% against its southern neighbor to finish the week at US$0.7878.

 

 

 

And the closely watched CBOE Volatility Index or VIX rose by 1.58-points to end the week at a little more nervous level of 11.25.

 

 

 

And FinallyCanada’s progressive immigrant policy is clearly reflected in the country’s latest census that showed that the number of immigrants in the country’s workforce rose by 2.6% in the past 10-years to 23.8% to 4.5-million workers.

Posted December 5, 2017

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Millrock Resources Inc. (TSX-V: MRO) (OTCQX: MLRKF) reports that ... READ MORE

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December 15, 2017

Dynacor Produces 7,253 oz of Gold in November 2017

Dynacor Gold Mines Inc.(TSX:DNG) (OTC:DNGDF) is pleased to ... READ MORE

December 15, 2017

Copyright 2017 The Prospector News - Site design by Spyderbaby Productions