The brokerage firm cited weak average selling prices for NAND and DRAMThe shares of Micron Technology, Inc. (NASDAQ:MU) are down 4.6% at $34.35, after Morgan Stanley cut its full-year earnings estimate for the chipmaker, citing weak NAND and DRAM prices. Analyst Joseph Moore now sees Micron reporting current-quarter earnings of $1.52 per share, and a 2019 profit of $6.83 per share -- the second lo...Read More
MBOT shed 88.8% in 2018The shares of Microbot Medical Inc (NASDAQ:MBOT) are up a whopping 70% in electronic trading this morning, after the medical device maker was granted a patent for its ViRob technology platform by the European Patent Office. The company also reported upbeat study results from its self-cleaning shunt designed for traumatic brain injury. MBOT is set to open as the top stock o...Read More
Citigroup stock is set to fall after earningsDow Jones Industrial Average (DJI) futures are trading below fair value this morning, as Wall Street prepares for fourth-quarter earnings season. Banking name Citigroup (C) kicked things off bearishly this morning, reporting a surprise drop in quarterly revenue, setting the stage ahead of earnings reports from fellow big banks throughout the week. Weak...Read More
Get the details on this cannabis company before it catches Wall Street's attention!The rapidly growing cannabis space has provided some of the most exciting investmentopportunities, and investors are trying to get their hands on the next explosive stock, and one company has been catching the eye of investors... to the tune of $4 billion!A report from the cannabis industry research firm BDS Analyti...Read More
Many new shorts are now in a losing position, which might generate covering"If you're a long-term investor, and have stayed pat, you're hoping that this is 1987, 1990, 2011, or 2016, when the decline to the 160-week moving average was the end of 'it.'"-- Monday Morning Outlook, December 24, 2018"[T]he early 2018 lows around SPX 2,580 that, when breached in December, saw the proverbial bottom fall...Read More
Canada's Lundin Gold (TSX:LUG) said Monday it has begun underground development at its flagship Fruta del Norte gold project in Ecuador, on track to kick off production later this year.A total of 4.5 km of underground mine construction has already been achieved, the miner said, while overall engineering is 85% complete and overall project growth has reached a 45% of progress.Lundin Gold said it...Read More
US gold giant Newmont Mining (NYSE:NEM) took a page out of Barrick's book by announcing that is buying Canada's Goldcorp (TSX:G) (NYSE:GG) in a $10 billion-deal that would create the world's largest producer by output, challenging Barrick's recently cemented supremacy.The combined company, which will be called Newmont Goldcorp, will mine in the Americas, Australia and Ghana, producing between 6 a...Read More
The year 2018 was a memorable year of great transitions. They involved changes in the political arena. They saw enormous changes in the debt picture, for both the USGovt and the major Western corporations. They saw a struggle to terminate the QE bond monetization, laced with hype-inflation. They offered staggering damage to California, whose effects are easily 100 times greater than the World Tr...Read More
The year 2018 was a memorable year of great transitions. They involved changes in the political arena. They saw enormous changes in the debt picture, for both the USGovt and the major Western corporations. They saw a struggle to terminate the QE bond monetization, laced with hype-inflation. They offered staggering damage to California, whose effects are easily 100 times greater than the World Tr...Read More
Bob Moriarty ArchivesJan 14, 2019As promised, Benchmark has begun to deliver assay results from their Lawyer’s Gold and Silver project located in the heart of the Golden Triangle.I fear most readers will miss the silver numbers. That would be a shame because the 819 grams per ton silver are almost as valuable as the gold. In any case it was a home run hole for the company.(Click on image to...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanChief Strategist, Enriched Investing Inc.Phone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12January 14, 2019 "If everybody is thinking alike, then somebody isn't thinking." General George S. Patton, U.S. Army field commander, WW2, 1885-1945 "There are two kinds of people that lose money: those...Read More
StrengthsThe best performing metal this week was palladium, up 1.71 percent, and now the most expensive precious metal. Gold, meanwhile, is set for its fourth weekly gain, marking its longest rally since October. Traders surveyed by Bloomberg are bullish on the yellow metal for a ninth straight week. In December, China added to its gold reserves for the first time since October 2016, according t...Read More
By: Keith Weiner, Monetary MetalsFor years, people blamed the global financial crisis on greed. Doesn't this make you want to scream out, "what, were people not greedy in 2007 or 1997??" Greed utterly fails to explain the phenomenon. It merely serves to reinforce a previously-held belief. Far be it from us to challenge previously-held beliefs (OK, OK, we may engage in some sacred-ox-goring from...Read More
Shaky ChinaBrexit BreakageHelpless EuropeDC, Back to Dorado, more Florida, and Boca RatonFor a couple of years now, the economic narrative has shown a comparatively strong US against weakness in Europe and some of Asia (NOT China). The US, we are told, will stay on top. I agree with that, as far as it goes... but I'm not convinced the "top" will be so great.Americans like to think we are insulat...Read More
Jan. 11th, 2019(S14-E678)Featured GuestsCEO Kenneth Lewis& John WilliamsShow HighlightsOneGold Inc. holds physical gold and silver metals at the Royal Canadian Mint through our friends at APMEX and Sprott Inc.The first online marketplace to offer secure and convenient buying, selling and redemption of digital PMs.OneGold uses VaultChain, a secure, immutable blockchain ledger from Tradewind M...Read More
By: Jordan Roy-Byrne CMT, MFTAAlthough the financial media conflates the two, there is a difference between a rally and a bull market.A rally implies a rebound after or a reprieve from weakness. A bull market is higher highs and higher lows for a period of at least a few years.Gold's strength in the 2000s was not a rally, as many have deemed it, but a bull market. Gold's rebound in 2016 was a...Read More
By: Larry LaBordeWe just returned home from a trip to France and my head is still trying to sort everything out. The Yellow Vests were protesting across the country but most of the press concerning them was from Paris. We spent a week in southern France where most of the police were sympathetic to the protestors. Outside Paris the Yellow Vests opened toll booth gates (no tolls today!) and...Read More
It felt like a mountain of supply sitting on stocks last week, growing more ponderous by the day. By Thursday the broad averages were too fatigued to achieve even minor 'Hidden Pivot' rally targets, the still-feisty FAANGs too subdued to help. Of course, just because the market looked punk on a given day does not preclude the possibility that, come the next, traders will conveniently forget what...Read More