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2024 Infill Drilling on Satellite Uranium Growth Deposits Complete

Investing 3 Mins Read

Boss Energy Limited (ASX: BOE; OTCQX: BQSSF) is pleased to announce the conclusion of a successful infill drilling program at the Gould’s Dam and Jason’s satellite deposits within its Honeymoon Uranium project in South Australia.

Highlights

  • Infill drilling campaign completed at the Gould’s Dam and Jason’s satellite deposits within Honeymoon
  • The results will underpin an updated geological/mineralisation model and resource upgrade
  • Gould’s Dam is located ~80km northwest of the Honeymoon Mine (Figure 1) and currently contains a JORC-compliant resource of 25Mlbs of indicated and inferred U308; The Jason’s deposit is located ~13km north of the Honeymoon mine (Figure 1) and contains a JORC Resource of 6.2Mt at 790ppm U308 for 10.7Mlbs contained U308 (Inferred).
  • A total of 47 mud rotary holes for 6,455m were completed at Beulah (within the Gould’s Dam Inferred Resource envelope) and an additional 25 holes for 3,074m within the Inferred resource envelope at Jason’s. Uranium mineralisation highlights from these two programs include (PFN results, ppm pU3O8):
    • 3.25m @ 3,873ppm pU3O8GT 12,587 (WRM0176 from 122.00m)
      • plus 2.75m @ 946ppm pU3O8GT 2,602(WRM0176 from 126.25m)
    • 6.25m @ 1,094ppm pU3O8GT 6,838(WRM0175 from 118.00m)
    • 2.00m @ 714ppm pU3O8GT 1,428 (WRM0180 from 119.25m)
      • plus 4.25m @ 724ppm pU3O8GT 3,077(WRM0180 from 122.50m)
    • 4.50m @ 548ppm pU3O8GT 2,466 (WRM0190 from 121.75m)
    • 1.50m @ 1,381ppm pU3O8GT 2,072 (WRM0192 from 120.25m)
    • 4.00m @ 504ppm pU3O8GT 2,016 (WRM0187 from 111.25m)
    • 2.50m @ 662ppm pU3O8GT 1,655 (WRM0195 from 122.75m)
    • 2.75m @ 517ppm pU3O8GT 1,422 (WRM0211 from 118.25m)
    • 2.25m @ 626ppm pU3O8GT 1,409 (WRM0207 from 123.75m)
    • 1.75m @ 802ppm pU3O8GT 1,404 (WRM0213 from 124.75m)
    • 3.00m @ 960ppm pU3O8GT 2,880 (BMR233 from 86.75m)
    • 1.25m @ 1,258ppm pU3O8GT 1,573 (BMR232 from 89.25m)
      • plus 0.50m @ 1,428ppm pU3O8 GT 714 (BMR232 from 91.50m)
    • 0.50m @ 3,897ppm pU3O8GT 1,949 (BMR238 from 96.25)
  • “These satellite deposits have the potential to drive growth as well as enabling us to leverage existing infrastructure and further capitalise on the opportunity presented by growing global demand for uranium from tier-one locations”. – Boss MD Duncan Craib

The program has returned strong drilling results as well as high-quality modern downhole geophysical data which will be used to build an updated geological and mineralisation model which will feed into a resource update

The two deposits have combined resources of 36.7Mlbs of contained U308. Honeymoon is producing under its current Mining Licence covering 36Mlbs and therefore the Company will now seek government endorsement for the mining of two satellite deposits, effectively doubling the allowance under the License.

This will pave the way for Boss to assess potential increases in the annual production rate and mine life at Honeymoon.

AMC Consultants have been engaged to produce a block model and mineral resource update for these key satellite deposits, which will enable the company to determine those areas which are most economically viable.

Boss Managing Director Duncan Craib said: “With the production ramp-up at Honeymoon progressing so well, we are eager to press ahead with our plans to grow the annual output, cashflow and minelife.

“These satellite deposits have the potential to drive growth as well as enabling us to leverage existing infrastructure and further capitalise on the opportunity presented by growing global demand for uranium from tier-one locations”.

Click here for the full ASX Release

This article includes content from Boss Energy Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
This post appeared first on investingnews.com

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10 Largest Producers of Gold by Country (Updated 2024)

Investing 9 Mins Read

The top countries for gold production are poised to benefit from the current gold bull market, as are the gold mining operations in those countries.

After climbing throughout the year, the price of gold hit a high of US$2,782 per ounce on October 30, up more than US$700 since the start of 2024. While it pulled back to around US$2,600 in the weeks following the US election on November 5, prices are still elevated.

Additionally, falling interest rates, geopolitical tensions in Ukraine and the Middle East and continued central bank gold purchases are providing ongoing support for the price of gold.

Of course, gold’s strong performance in 2024 benefits gold producers and the countries in which they operate. So which countries are producing the most gold?

1. China

Gold production: 370 metric tons

China was the world’s top gold mining country in 2023 with output of 370 metric tons. While China’s gold output peaked at 455 MT in 2016, it hasn’t dipped below 300 MT in more than a decade. This consistent production continues to ensure the China’s status as the world’s top gold producer.

China’s gold mining industry is dominated by state-owned operators. Some of the largest companies include China Gold International Resources (TSX:CGG,HKEX:2099), Shandong Gold (HKEX:1787) and Zijin Mining Group (HKEX:2899).

China also hosts major gold-smelting operations. Its Belt and Road Initiative has resulted in Chinese companies exploring and developing sites elsewhere in Asia and Africa, subsequently sending raw resources back to China for refinement.

In addition to being the top producer of gold in 2023, China was the largest consumer of gold at 1,089.69 metric tons. China’s central bank was the largest buyer of the precious metal in 2023, adding 225 metric tons of gold to its coffers during the year to bring its total to 2,235 MT.

2. Australia

Gold production: 310 metric tons

Australia’s 2023 gold production came in at 310 metric tons, largely on par with the previous year’s 314 MT.

Gold is mined at a slew of major operations in the country, with the top five gold mines all located in different states. The top-producing mine is top producer Newmont’s (TSX:NGT,NYSE:NEM) Boddington mine in Western Australia, which produced 589,000 ounces through the first three quarters of 2023.

Australia hosts the world’s largest gold reserves at 12,000 MT, and has an important role in the global supply of gold. It contributed AU$24 billion to the Australian economy in the 2022/2023 period.

2. Russia

Gold production: 310 metric tons

Gold production from Russia came in at 310 metric tons in 2023, the same as the prior year. The country’s output has risen fairly significantly since 2017, when it produced only 255 MT of gold.

The US Geological Survey states that Russian gold reserves stand at 11,100 MT, making it the second largest country for reserves after Australia. However, despite high production and reserves, Russian gold has had problems reaching world markets since the country’s invasion of Ukraine in February 2022. In response, Russian operators have sought out alternative markets, particularly the BRICS nations and other Asian countries like Kazakhstan.

4. Canada

Gold production: 200 metric tons

For 2023, gold production in Canada was 200 metric tons, down a marginal 6 MT from 2022.

Ontario and Quebec are the largest gold-producing provinces in the country; together, they represent more than 70 percent of Canada’s gold output. The Canadian government states that gold is the nation’s most valuable mined commodity, with domestic exports reaching C$22.34 billion worth of the precious metal in 2022.

Additionally, BC’s Golden Triangle is a hotbed for exploration. The region hosts Newmont’s Brucejack gold mine and Red Chris copper-gold mine, the latter of which is a 70/30 joint venture with Imperial Metals (TSX:III,OTC Pink:IPMLF). Junior companies like Goliath Resources (TSXV:GOT,OTCQB:GOTRF) have also made significant discoveries in the region, which has further fueled optimism about the region’s potential.

5. United States

Gold production: 170 metric tons

In 2023, the Unites States produced 170 metric tons of gold, down slightly from the 173 MT it produced in 2022. While that is a marginal decrease, it continues a trend of production declines from 2017, when the US produced 237 MT of gold.

According to the US Geological Survey, the top state for production of the yellow metal was Nevada, which accounted for 73 percent of total domestic production, followed by Alaska with 13 percent. The top 27 operations in the country were responsible for 97 percent of American gold output in 2023.

An assessment of US gold resources shows that the country has approximately 33,000 MT of gold in identified and undiscovered resources. The US Geological Survey notes that close to a quarter of the gold in undiscovered resources can be found in copper porphyry deposits. Gold reserves in the US are estimated at 3,000 MT.

6. Kazakhstan

Gold production: 130 metric tons

Kazakhstan’s 2023 gold output of 130 metric tons represents continued growth in the country’s production of the yellow metal, up from just 69 MT produced in 2016. Kazakhstan’s largest gold-mining operation is the Altyntau Kokshetau mine, which is owned by mining giant Glencore (LSE:GLEN,OTC Pink:GLCNF).

In August 2023, Anglo-Russian company Polymetal International (AIX:POLY), one of Kazakhstan’s largest producers, delisted from the London Stock Exchange in a move geared at severing the link between its Kazakhstan and Russian subsidiaries; it did so in response to tensions resulting from Russia’s invasion of Ukraine. It remains listed on the Astana International Exchange in Kazakhstan and has major operations in the country.

7. Mexico

Gold production: 120 metric tons

Mexico has a long history of gold mining; in fact, the Spanish colonization of Central America in the early and mid-1500s was largely targeting gold and silver. Today, Mexico is among the global leaders in gold production, extracting 120 metric tons in 2023. Precious metals account for 50 percent of the country’s total metal output.

While much of Mexico’s gold mining is controlled by foreign entities, one of the largest operations, the Herradura mine — owned by Mexico City-based Fresnillo (LSE:FRES,OTC Pink:FNLPF) — produced 355,485 ounces of gold, or about 10.08 MT, in the company’s 2023 fiscal year. The mine represents more than half of Fresnillo’s gold production and generates about a quarter of the company’s total adjusted revenue.

8. Indonesia

Gold production: 110 metric tons

The mining industry is one of Indonesia’s most important sectors, and the country is among the world’s top producers of nickel, copper and gold. In 2023, Indonesia produced an estimated 110 metric tons of gold, up 5 MT over the prior year.

Indonesia is home to several large gold operations. The largest is the Grasberg Mining District, a joint venture between Freeport-McMoRan (NYSE:FCX) and Indonesia’s state-owned Indonesia Asahan Aluminium. In 2023, the area produced 1.98 million ounces of gold, or 56.1 MT; it has an estimated 23.9 million ounces contained in mineral reserves.

9. South Africa

Gold production: 100 metric tons

In 2023, South Africa produced 100 metric tons of gold, up from 89 MT in 2022. An estimated one-tenth of global gold reserves are located in the country, and its Witwatersrand Basin is one of the largest gold resources in the world.

South Africa has been a top gold producer for decades, but between 1980 and 2018 the nation’s gold output fell by 85 percent. In recent years, South Africa has been the site of conflicts between the Association of Mineworkers and Construction Union (AMCU) and gold producers in the area. The AMCU has held many protests and strikes at several gold and platinum mines in the hopes of garnering more wages and stopping any mergers that could cause job losses.

Power outages have been creating further strife for South Africa’s gold industry. Limited power generation in the country has caused rolling blackouts, including for miners, the majority of which are connected to the nation’s power grid.

10. Uzbekistan

Gold production: 100 metric tons

Uzbekistan produced 100 metric tons of gold in 2023, in line with its output over the last decade.

Operated by Navoi Mining and Metallurgical Company, Uzbekistan’s Muruntau gold mine is one of the largest gold operations in the world. Massive deposits of gold were first discovered at the site in the 1950s, and it still holds some of the largest reserves in the world at 4,500 MT. The discovery marked the beginning of gold mining in Uzbekistan. The mine produces more than 2.5 million ounces of gold per year and is expected to continue operating into the 2030s.

Following the fall of the Soviet Union in 1991, mining for the yellow metal fell to its all-time lows in the mid-1990s. In 2019, the country’s government announced renewed investment into development and exploration. While that hasn’t yet been reflected in its annual production, upgrades at Muruntau scheduled to be completed in 2026 are expected to increase its output from 38.5 million to 50 million metric tons of ore per year.

FAQs for gold investing

How is gold mined?

Gold is mined by several different methods, including: placer mining, hard-rock mining, by-product mining and by processing gold ore. The method a gold-mining company chooses depends upon the size, location, geological model and metallurgy of the deposit in question.

What is the production cost of gold?

The cost of producing gold varies from one miner to the next, and is reported as the all-in sustaining cost (AISC). AISC was first introduced in 2013 by the World Gold Council. Deposit type, energy costs and inflation are the factors that have the largest impact on AISC. The average AISC for the entire gold industry is calculated by averaging the production costs of the largest gold producers. The average AISC fluctuates with changes in energy costs and inflation.

Which nation is the largest owner of gold?

The country with the largest central bank gold reserves is the US, which had 8,133.5 metric tons as of May 2024. Most US central bank gold is held in deep storage in Denver, Fort Knox and West Point.

Securities Disclosure: I, Dean Belder, currently hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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American Pacific Gains Full Ownership of Palmer VMS Project, Secures US$10 Million

Investing 3 Mins Read

American Pacific Mining (CSE:USGD,OTCQX:USGDF) has entered into an agreement to fully acquire the Palmer volcanogenic massive sulfide (VMS) project, located in Southeast Alaska, US.

The deal, which is between American Pacific, its subsidiary Constantine North and Dowa Metals & Mining Alaska, involves the transfer of Dowa’s stake in Constantine Mining, the entity that is overseeing Palmer.

Constantine North will receive Dowa’s interest in Palmer, and Dowa will pay American Pacific US$10 million in exchange for an option to purchase up to 50 percent of the zinc concentrate produced during the project’s initial and subsequent years of production. Certain indemnities are also outlined in the purchase terms.

The transaction is subject to customary closing conditions and is expected to conclude before the end of the fourth quarter of 2024. Upon completion, American Pacific will have full ownership of Palmer.

“An updated mineral resource estimate (MRE) is underway, and this transition consolidates ownership and provides a clear path forward with a renewed focus on advanced exploration and resource expansion, which we believe will create significant value for a Project that currently includes a small fraction of the known VMS showings in the current MRE,” American Pacific CEO Warwick Smith said in Monday’s (November 18) press release.

Palmer currently hosts a consolidated MRE of 4.68 million metric tons at 10.2 percent zinc equivalent in the indicated category and 9.59 million metric tons at 8.9 percent zinc equivalent in the inferred category.

The MRE includes two defined deposits: the Palmer deposit and the AG zone deposit. According to American Pacific, an updated MRE is expected to reflect the results of drilling campaigns conducted in 2023 and 2024.

Located approximately 60 kilometers from the port of Haines, more than US$116 million has been invested in Palmer to date. The area also boasts numerous high-grade, drill-ready prospects spread across over 15 kilometers.

American Pacific believes the project’s infrastructure, road access and proximity to a deep-sea port position it well for development. A 2019 preliminary economic assessment outlines a low-cost, high-margin underground operation.

With the US$10 million payment from Dowa in hand, American Pacific is projected to hold over C$16 million in cash by the end of this quarter. This financial position strengthens the company’s ability to advance both Palmer and its second flagship asset, the Madison copper-gold project in Montana, which it also fully controls.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Top 5 Life Science ETFs in 2024

Investing 4 Mins Read

Taking a position in a life science exchange-traded fund (ETF) provides exposure to a basket of stocks focused on the healthcare sector, while mitigating the risks of holding shares in a single company.

While ETFs provide diversification by their nature, fund managers often narrow down their offerings to follow a specific aspect of the market — for example, biotech or pharma. They also typically adjust the weight of ETF holdings to match movements in the life science industry in an effort to give investors the best possible returns.

Performance and asset under management (AUM) data was gathered on November 14, 2024, and the 10 life science ETFs listed by ETFdb.com were considered. Read on to learn more about the top-performing life science ETFs year-to-date.

1. SPDR Biotech ETF (ARCA:XBI)

Company Profile

Year-to-date gain: 16.8 percent
AUM: US$7.82 billion

Launched in 2006, the SPDR Biotech ETF tracks the performance of the S&P Biotechnology Select Industry Index, focusing exclusively on US stocks. The fund has an expense ratio of 0.35 percent, and its five year return comes in at 5.01 percent.

Of the fund’s 144 holdings, 76 percent are large and mid-cap companies. The fund’s top holdings include Incyte (NASDAQ:INCY), United Therapeutics (NASDAQ:UTHR) and Gilead Sciences (NASDAQ:GILD).

2. First Trust NYSE Arca Biotechnology Index Fund (ARCA:FBT)

Company Profile

Year-to-date gain: 13.1 percent
AUM: US$1.21 billion

The First Trust NYSE Arca Biotechnology Index Fund tracks the price and yield of an equity index called the Amex Biotechnology Index. Founded in 2006, the fund’s expense ratio is 0.56 percent. Its five year return comes in at 6.71 percent.

With 31 holdings, this fund is much smaller than the other ETFs on this list. It is primarily focused on large-cap US biotech companies, although it has exposure to some firms in Europe. Its top holdings include Exelixis (NASDAQ:EXEL), Intra-Cellular Therapies (NASDAQ:ITCI) and Incyte.

3. Vanguard Health Care Index Fund ETF (ARCA:VHT)

Company Profile

Year-to-date gain: 11.9 percent
AUM: US$17.95 billion

The Vanguard Health Care Index Fund ETF is a broad fund with healthcare firms from varied industries that came to market in 2004. It’s achieved returns of 11.07 percent over the last five years. The ETF’s expense ratio is very low at 0.1 percent.

At 414, this fund has the most holdings of the life science ETFs on this list, with more than 86 percent being large-cap companies predominantly in the United States. Its top holdings by weight include Eli Lilly (NYSE:LLY), UnitedHealth Group (NYSE:UNH) and AbbVie (NYSE:ABBV).

4. iShares US Medical Devices ETF (ARCA:IHI)

Company Profile

Year-to-date gain: 11.7 percent
AUM: US$4.9 billion

The iShares US Medical Devices ETF was launched in 2006 and, as the name suggests, focuses on medical device companies in the United States. The fund’s five-year return stands at 8.27 percent. This biotech ETF has an expense ratio of 0.4 percent.

This biotech fund is concentrated on large-cap companies, representing 89 percent of its holdings. Its top holdings by weight include Abbott Laboratories (NYSE:ABT), Intuitive Surgical (NASDAQ:ISRG) and Stryker Corporation (NYSE:SYK).

5. iShares US Healthcare ETF (ARCA:US)

Company Profile

Year-to-date gain: 11.7 percent
AUM: US$3.36 billion

The iShares US Healthcare ETF launched in 2000, making it the longest-running ETF on this list. EFTdb.com warns investors that ‘IYH probably doesn’t have much use for those constructing a long-term, buy-and-hold portfolio; this ETF is a more useful tool for those looking to establish a tactical tilt towards health care or for use in a sector rotation strategy.’

The fund has an expense ratio of 0.39 percent, and a five-year return rate of 11.12 percent. Of its 109 holdings, 94 percent are large-cap companies. Its top holdings by weight are Eli Lilly, UnitedHealth Group and Johnson & Johnson (NYSE:JNJ).

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Tesla stock up nearly 7% in U.S. premarket trading

Economy 3 Mins Read

Tesla shares surged nearly 7% in premarket trading Monday following a Bloomberg report indicating that the incoming Trump administration plans to prioritize federal regulations for self-driving vehicles. This potential policy shift would mark a significant step in creating a national framework for autonomous driving technologies, benefiting companies like Tesla that are at the forefront of innovation in this space.

Musk has been a vocal supporter of Trump’s return to the presidency and recently accepted a key role in the administration. He was appointed, alongside Vivek Ramaswamy, to lead the Department of Government Efficiency (DOGE), a newly created entity tasked with streamlining bureaucracy and reducing regulatory hurdles.

The timing of this development aligns with Tesla’s unveiling of new autonomous vehicle concepts, including the Cybercab and Robovan. Musk also announced plans to deploy unsupervised Full Self-Driving (FSD) technology in select Tesla models in California and Texas next year, signaling the company’s rapid advancements in this field.

If a cohesive federal framework emerges, it could accelerate adoption of self-driving technology, further solidifying Tesla’s leadership position. Investors appear optimistic about Tesla’s potential to capitalize on these favorable regulatory winds, driving the stock’s strong premarket performance.

Tesla Stock Chart Analysis

The Tesla Inc. (NASDAQ: TSLA) chart displays a clear upward momentum starting on November 6, with the stock climbing sharply from the $260-$280 range to a peak of $358.63 on November 9. This rally coincided with news that Tesla might benefit from federal regulations prioritizing self-driving vehicle technology, as discussed earlier.

After reaching its high, Tesla’s stock experienced a pullback, indicating profit-taking by investors. The stock found support around $320 and has been consolidating near the $340 level in recent sessions, suggesting that traders are awaiting further catalysts for direction.

The Relative Strength Index (RSI) shows a recent dip from the overbought zone (above 70), now sitting at a neutral level near 54. This signals a balanced market, with neither strong bullish nor bearish momentum dominating.

In the near term, the $320-$322 level appears to be a key support area, while $358 represents resistance. A breakout above $358 could lead to further bullish momentum, potentially targeting $375 or higher. Conversely, a drop below $320 could lead to a test of the $300 psychological support.

Overall, Tesla’s current consolidation phase reflects a period of indecision. Investors may look to developments in regulatory policies or Tesla’s product updates to determine the next significant move.

The post Tesla stock up nearly 7% in U.S. premarket trading appeared first on FinanceBrokerage.

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Truth Social app on the Nasdaq as DJT, closed 16% higher

Economy 3 Mins Read

Trump Media, the parent company of the Truth Social app, is in “advanced talks” to acquire cryptocurrency trading firm Bakkt, according to a report by the Financial Times. The news has caused both companies’ stock prices to skyrocket. Trump Media’s shares surged by more than 16%, reflecting growing investor interest in its potential cryptocurrency ventures.

Despite a net loss of $363 million for the year on just $2.6 million in revenue, Trump Media’s market cap remains above $7 billion, driven largely by speculation surrounding the 2024 U.S. presidential election and retail investors betting on Trump’s political prospects. The company holds nearly $673 million in cash, positioning it for strategic investments, including its potential acquisition of Bakkt.

Bakkt, founded in 2018, has struggled financially but reported improvements in its latest fiscal quarter, with a 48% reduction in operating losses. However, it has warned that it may face significant financial difficulties ahead.

The reported acquisition could mark Trump Media’s deeper entry into the cryptocurrency sector, a space it has been eyeing with other ventures, such as the World Liberty Financial token. This strategic move could enhance Trump Media’s diversification and financial position, especially as it seeks to expand its business interests ahead of the 2025 presidential election.

Stock Analysis: Trump Media & Technology Group Corp. (DJT)

The 15-minute chart of Trump Media & Technology Group Corp. (DJT) reveals a sharp bullish surge, reflecting market optimism following recent news developments. The stock opened strong and climbed significantly, reaching a session high of $33.88 before consolidating around $32.81, marking a 1.08% gain for the day.

This rally began after a breakout from the $27.00-$28.00 resistance zone, which had acted as a cap on price action over the past few sessions. The upward momentum was accompanied by a steep rise in the Relative Strength Index (RSI), which is currently at 88.37, indicating the stock is in overbought territory. This suggests that while the current uptrend is strong, some pullback or consolidation may occur in the short term as traders take profits.

Key support levels to monitor are $30.00 and $28.00, which could provide a base for the stock if the price retraces. On the upside, the immediate resistance is at $34.00. A break above this level could push the stock toward the $36.00 mark.

Overall, the stock shows strong bullish sentiment driven by positive news catalysts. However, traders should remain cautious of the overbought RSI and watch for volume trends to confirm sustained momentum or potential corrections.

The post Truth Social app on the Nasdaq as DJT, closed 16% higher appeared first on FinanceBrokerage.

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Super Micro stock surges

Economy 3 Mins Read

Super Micro Computer (SMCI) saw a sharp rally this week following its announcement of a compliance plan submitted to the SEC to prevent delisting from the Nasdaq. Shares surged 16% during regular trading on Monday and an additional 25% in after-hours trading after the filing. This positive momentum reflects renewed investor confidence in the company’s ability to address regulatory concerns.

The compliance plan outlines a clear path for the submission of delayed filings and demonstrates progress toward aligning with Nasdaq requirements. If approved, the plan could stabilize SMCI’s stock, which has been under significant pressure, dropping 65% over the past three months. This decline followed a year of explosive growth, where shares gained over 300% before retreating. Despite the recent rally, SMCI is down over 20% year-to-date in 2024.

From a technical perspective, the stock’s recent price action suggests a potential reversal from its downward trend. The heavy volume accompanying Monday’s rally indicates strong buying interest. Immediate support is seen near $20, while resistance lies at $25.

Super Micro Computer Stock Chart Analysis

The chart shows the 15-minute price movement of Super Micro Computer, Inc. (SMCI) on NASDAQ. The stock is currently trading at 21.54 USD, reflecting a 1.89% gain for the session. After a period of consolidation, the stock exhibited strong bullish momentum, rallying from the 17.25 USD support level to an intraday high of 23.87 USD, a significant upward move. However, a sharp pullback followed, with prices retreating back to the 21.50 range, indicating possible profit-taking or resistance at the upper levels.

The RSI (Relative Strength Index) was elevated, reaching 68.49, approaching overbought territory during the rally. This suggests strong buying pressure but also signals caution, as the stock may face increased volatility or a potential correction if it sustains overbought levels. Currently, the RSI has cooled slightly, reflecting the recent pullback.

From a technical perspective, the immediate support lies around 20.50 USD, near the lower consolidation zone from earlier in the session. A break below this level could signal further downside toward 19.00 USD. On the upside, resistance is evident at the intraday high of 23.87 USD. A decisive breakout above this level, accompanied by strong volume, could indicate the potential for continued bullish momentum.

In summary, SMCI’s current price action suggests a volatile but bullish trend. Traders should monitor RSI levels and price behavior around key support and resistance levels to assess near-term opportunities.

The post Super Micro stock surges appeared first on FinanceBrokerage.

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GAINTOMO AI™: Crypto Trading with Intelligent Automation

Economy 7 Mins Read

In the rapidly evolving landscape of cryptocurrency trading, GAINTOMO AI emerges as a revolutionary solution, combining advanced artificial intelligence with user-friendly trading functionalities. As more individuals seek opportunities in the digital asset market, GAINTOMO AI provides both novice and experienced investors the tools they need to navigate the complexities of trading seamlessly. This article explores the unique offerings of GAINTOMO AI, the significance of AI in trading, its role in shaping market strategies, and how it sets itself apart in a crowded marketplace.

Harnessing the Power of AI for Smarter Trading

At the heart of GAINTOMO AI is its powerful artificial intelligence, which employs machine learning algorithms to analyze vast amounts of market data in real time. These algorithms consider various factors, including price movements, trading volumes, market sentiment, and macroeconomic indicators. This level of analysis enables GAINTOMO AI to identify lucrative trading opportunities that may be overlooked by traditional trading methods.

One of the key advantages of using GAINTOMO AI is its ability to predict market trends accurately. The platform’s algorithms continuously learn from historical data and current market conditions, enhancing their predictive capabilities. As a result, traders using GAINTOMO AI can make informed decisions based on precise data analysis rather than relying solely on intuition or guesswork.

In addition to real-time market analysis, GAINTOMO AI provides automated trading features. Users can set their trading parameters, allowing the platform to execute trades on their behalf. This automation not only saves time but also ensures that users do not miss out on potential opportunities, especially in a market that operates 24/7.

A User-Centric Experience for All Traders

GAINTOMO AI prides itself on offering a user-centric experience, making it accessible to individuals of all skill levels. Understanding that many potential investors may feel intimidated by the complexities of cryptocurrency trading, the platform has been designed to be intuitive and user-friendly.

Upon signing up, users are greeted with a clean and straightforward interface that guides them through the necessary steps to start trading. The onboarding process is efficient, ensuring that even those with no prior experience can quickly understand how to use the platform. Additionally, GAINTOMO AI offers a demo mode that allows beginners to practice trading without risking real money. This feature is invaluable, as it enables users to familiarize themselves with the platform’s functionalities and develop their trading strategies in a risk-free environment.

For more experienced traders, GAINTOMO AI offers advanced features such as customizable trading strategies, allowing users to tailor their trading experience according to their preferences and risk tolerance. This flexibility makes GAINTOMO AI suitable for a wide range of trading styles, from conservative to aggressive.

Comprehensive Support and Education

In the world of cryptocurrency trading, knowledge is power. GAINTOMO AI recognizes this and is committed to providing a wealth of educational resources to empower its users.

Webinars hosted by trading experts are another valuable resource provided by GAINTOMO AI. These live sessions allow users to interact with professionals, ask questions, and gain insights into market trends and strategies. By fostering an environment of continuous learning, GAINTOMO AI ensures that users are well-equipped to make informed trading decisions.

Additionally, GAINTOMO AI features a responsive customer support team available 24/7 to assist users with any questions or issues they may encounter. This commitment to customer care fosters a sense of confidence and security, allowing users to focus on their trading strategies without worry.

Advanced Security Features

Security is a top priority in the cryptocurrency world, where risks of fraud and cyber threats are prevalent. GAINTOMO AI takes extensive measures to protect its users’ assets and personal information. The platform employs state-of-the-art security protocols, including end-to-end encryption and multi-factor authentication, to safeguard users’ data from unauthorized access.

GAINTOMO AI also utilizes secure digital wallets to store users’ cryptocurrencies. These wallets are designed with robust security features to prevent hacking and theft, ensuring that users’ funds remain safe at all times. With GAINTOMO AI, users can trade confidently, knowing that their investments are protected by industry-leading security measures.

Moreover, GAINTOMO AI adheres to strict regulatory compliance, ensuring that it operates within the legal frameworks governing cryptocurrency trading. This commitment to transparency and integrity creates a secure environment where clients can thrive with confidence.

A Diverse Range of Trading Options

Another significant advantage of GAINTOMO AI is its diverse range of trading options. The platform supports a wide variety of cryptocurrencies, including well-established coins like Bitcoin and Ethereum, as well as emerging altcoins. This diversity allows users to explore different investment opportunities and tailor their portfolios according to their financial goals.

The ability to trade multiple cryptocurrencies also enables users to capitalize on various market trends. For instance, if one currency is underperforming, traders can shift their focus to another asset that shows more potential for growth. This flexibility empowers users to adapt their strategies in response to changing market conditions, enhancing their chances of success.

Additionally, GAINTOMO AI provides access to advanced trading tools such as technical analysis charts, indicators, and market signals. These tools help traders make data-driven decisions and identify optimal entry and exit points for their trades. By combining AI capabilities with comprehensive trading tools, GAINTOMO AI creates an ecosystem where traders can maximize their investment potential.

The Importance of Financial Inclusion

In today’s financial landscape, access to investment opportunities is vital for fostering economic growth and individual empowerment. GAINTOMO AI is committed to promoting financial inclusion by making cryptocurrency trading accessible to everyone, regardless of their financial background or experience level.

The platform’s user-friendly design and comprehensive educational resources ensure that even those with limited financial literacy can participate in the cryptocurrency market. By breaking down barriers to entry, GAINTOMO AI empowers individuals to take control of their financial futures and make informed investment decisions.

Moreover, GAINTOMO AI offers flexible pricing models, ensuring that its services remain affordable for users from various economic backgrounds. This commitment to inclusivity not only benefits individual traders but also contributes to the overall growth of the cryptocurrency ecosystem.

The Future of Cryptocurrency Trading

As the cryptocurrency landscape continues to mature, GAINTOMO AI is poised to lead the charge in innovation and accessibility. By integrating artificial intelligence into trading processes, the platform is reshaping how individuals approach cryptocurrency investments. The blend of technology, user-friendliness, and robust support creates an environment where traders can thrive.

Looking ahead, GAINTOMO AI plans to expand its offerings further, incorporating additional features such as social trading, where users can follow and replicate the strategies of successful traders. This feature aims to foster a community of traders who can learn from each other and share insights, ultimately enhancing the overall trading experience.

Conclusion: Embracing a New Era of Trading

GAINTOMO AI is more than just a trading platform; it is a comprehensive solution designed to enhance the trading experience for individuals and institutions alike. Through its advanced AI capabilities, intuitive interface, robust security measures, and commitment to financial education and inclusivity, GAINTOMO AI is setting a new standard in the world of cryptocurrency trading.

As more individuals recognize the potential of cryptocurrencies, platforms like GAINTOMO AI will play a crucial role in shaping the future of finance. By providing accessible, intelligent, and secure trading solutions, GAINTOMO AI empowers users to embark on their trading journeys with confidence and success.

About GAINTOMO AI

GAINTOMO AI is a leading provider of AI-driven trading solutions, dedicated to revolutionizing the way investors engage with cryptocurrency markets. By focusing on user empowerment and technological innovation, GAINTOMO AI delivers actionable insights and efficient trading mechanisms, making cryptocurrency investment accessible to everyone.

Company Details

Company Name: GAINTOMO AI

Email Address: admin@gaintomo.com
Company Website: https://gaintomo.com

The post GAINTOMO AI: Crypto Trading with Intelligent Automation appeared first on FinanceBrokerage.

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Business

Dental supply stock surges on RFK’s anti-fluoride stance, activist involvement

Business 3 Mins Read

Dental care supplier Henry Schein advanced in Monday trading as investors bet that Robert F. Kennedy Jr., President-elect Donald Trump’s pick for Health and Human Services secretary, could recommend removing fluoride from the U.S. water system, a move that would lead to a boom in dental visits.

Shares of Henry Schein shares jumped nearly 5%, on track for its best day since July. Fellow dental product makers Dentsply Sirona and Envista also edged higher in the session.

Monday’s moves come as investors ready for public health changes under a second Trump administration. Kennedy posted on X before the presidential election this month that a “Trump White House will advise all U.S. water systems to remove fluoride from public water.”

Fluoride has long been shown as an effective method for fighting cavities. But the mineral has found itself at the center of a nationwide fight that’s led some local communities to end programs centered on its insertion into public water.

While Kennedy will need to win Senate approval to take the job, market participants are already zeroing in on a group of stocks that make dental hygiene products as potential beneficiaries of his policies. That’s because taking fluoride out of water would actually put the tooth cleaning industry in higher demand as consumers look elsewhere to fight cavities, according to firm Gordon Haskett.

“The thought here is RFK will bring to HHS a voice that is in favor of reducing, or eliminating, the amount of fluoridation that is added to drinking water,” Don Bilson, Gordon Haskett’s head of event-driven research, told clients in a Monday note. “This will, in turn, lead to an acceleration of tooth decay and more dental visits.”

Given this, Henry Schein and other stocks in the space offer a bright spot within a sector that has largely struggled since the election. The Health Care Select Sector SPDR Fund (XLV) has tumbled around 3.5% in November, putting it on track for its first three-month losing steak since last year. By comparison, the broad S&P 500 has climbed more than 3% in the month.

Gordon Haskett’s Bilson also pointed out that dental stocks were some of the few “spared” health-focused equities as investors responded to the announcement of Kennedy’s nomination last week. Pharmaceutical names were under pressure given Kennedy’s reputation as a vaccine skeptic, while processed food stocks took a hit as traders geared up for increased scrutiny of so-called junk food.

“It caused widespread selling across the healthcare landscape,” Bilson said of the decision to select Kennedy. “Drugmakers, contract research organizations, and health insurers all felt the quake. Rather than stop there, the damage spilled into packaged foods. And advertising.”

While the market appears to be moving on Kennedy’s nomination, Bilson said that regulatory changes would likely take years to come into effect. He also noted that drinking water should fall more under the Environmental Protection Agency than Health and Human Services.

This post appeared first on NBC NEWS

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Trump Media in reported talks to buy crypto trading platform Bakkt, sending shares soaring

Business 2 Mins Read

Trump Media is reportedly in “advanced talks” to buy the cryptocurrency trading firm Bakkt, the Financial Times reported Monday, citing two people with knowledge of the talks.

The news sent shares of both companies soaring.

Trump Media, which is majority-owned by President-elect Donald Trump, shot up by double digits minutes after the FT report was published.

The company, which operates the Truth Social app and trades on the Nasdaq as DJT, closed more than 16% higher.

Shares of Bakkt — which was created by Intercontinental Exchange, the owner of the New York Stock Exchange — skyrocketed more than 162% amid repeated trading halts due to volatility.

Kelly Loeffler, a previous CEO of Bakkt, is the co-chair of Trump’s inauguration committee.

Loeffler, who is married to Intercontinental Exchange CEO Jeffrey Sprecher, left as Bakkt’s top executive in 2019 when Georgia Gov. Brian Kemp appointed her to the U.S. Senate seat vacated by Sen. Johnny Isakson, who resigned due to health reasons.

Loeffler was defeated by Democratic Sen. Raphael Warnock in a runoff for a special election for her Senate seat.

Trump Media has seen its market value rise and fall by billions of dollars in the run-up to the 2024 presidential election, as retail investors bet on the Republican’s momentum and political prospects.

While Trump Media has reported a $363 million net loss on revenues of just $2.6 million so far this year, it boasts a market cap above $7 billion.

A Trump Media spokeswoman did not immediately respond to CNBC’s request for comment.

This post appeared first on NBC NEWS

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