Jan 20, 2019 Guest(s): Vince Sorace President, CEO & Director, Kutcho Copper Supply-demand fundamentals swing in copper's favor, and everyone seems to agree, said Vince Sorace, CEO of Kutcho Copper. "There isn't a corporate or an analyst or a strategic that I've talked to in the last year that isn't on the same page with respect to, they see, a continuation with respect to demand, and that could...Read More
Jim covers the bad old inflation days of the early 1980's and the courage of Paul Volcker, the many lessons learned through risk cycles, negative interest rates and his view on the damage done to the price discovery process wrought by the interventionist activities of the modern Central Banker. Jim even shares his views on the National Weather Service in the course of our excellent discussion. Jam...Read More
*If the volume isn't working, click the volume icon located in the bottom right hand corner of the video playerPassing the US in terms of retail sales, China's economy appears to show more growth than many think. But a close look at their housing market might suggest otherwise...*If the volume isn't working, click the volume icon located in the bottom right hand corner of the video playerHarry Den...Read More
CNBC's Jim Cramer gets Kirkland Lake Gold President and CEO Tony Makuch's take on recent, high-profile deals in the gold market.Makuch, whose company was formed by a merger of three gold producers, says larger players that are combining forces are "on the right track."Elizabeth Gurdus| @lizzygurdusPublished6:22PM ET Thu, 17 Jan 2019Updated 6:51PM ET Thu, 17 Jan 2019CNBC.com show chapters Gold m...Read More
The United States is running an unusually high federal deficit of 4% of GDP, projected to soon increase to 5% of GDP, during a bull market and economic expansion.Ten-year treasury yields recently dropped from over 3.2% to under 2.7%; I'm taking my profits and moving most of my bonds to cash-equivalents and ultra short-term bonds.While my portfolio remains highly diversified, I prefer cash-equi...Read More
For first time in over 16 years, palladium futures settle at a premium to gold futuresGold futures on Wednesday resumed their climb toward the psychologically important price of $1,300 an ounce, settling at their highest in nearly two weeks on the back of political turmoil in the U.K. and U.S.Caution among traders had deepened "ahead of a no-confidence vote on British Prime Minister Theresa May'...Read More
COMEX FUTURES REPORTThe Brexit vote is over. Theresa May survives. Her next moves will be closely watched. Political uncertainty will result in gold trading with a firm bias. Traders will now start taking positions for Tuesday as Monday is a holiday in the USA. The US dollar is firm due to its safe haven status over the Pound and Euro. Focus will now be on economic data releases and its impact...Read More
Gold prices have been held up ahead of the 74.6% Fibo retracement of the mid-April 2018 decline as the dollar's downside stalls. Central Banks are in no position to contend with the Fed at this juncture, supporting the dollar which benefits from a safe haven bid still while gold yields nothing. Gold is currently trading at $1,292/oz, just below the session highs of $1,294/oz. Gol...Read More
Early investors stand to reap the rewards as a new technology looks to change everything.One research firm - which recommended Google and Amazon before they became household names - has built a worldwide reputation of identifying profitable tech trends well before Wall Street and the talking heads on T.V.And just recently, they've uncovered a technology that's already being labeled "humanity's las...Read More
Morgan Stanley earnings weighed in early tradingStocks started the day in negative territory, thanks to a dismal earnings report from Morgan Stanley (MS) and reports of a potential U.S. investigation into Chinese tech firm Huawei. However, the major indexes swung higher in afternoon trading, after a Wall Street Journal report suggested the U.S. is considering lifting tariffs on China to accelerate...Read More
Gold's dimming supply prospects have caught the eye of one billionaire."For the first time in my life, I bought gold because it is a good hedge," Sam Zell, the founder of Equity Group Investments, said in a Bloomberg TV interview. "Supply is shrinking and that is going to have a positive impact on the price."Spending on new mines began to dry up after prices of the metal tumbled from a record in 2...Read More
A few simple tools can help anyone make smarter trades.It used to take years of practice and hours of research to consistently make winning trades in the stock market, but nowadaysfinding profitable trades shouldn't have to be a full-time job. In fact, trading like a pro can really be as easy as 1-2-3, with the right tools and technology!According to one company, there's a simple recipe that can...Read More
Toronto-based Moneta Porcupine Mines has updated the underground resource numbers for its Golden Highway project 110 km east of Timmins. The company says the deposits are higher grade than previously thought and they are open.Moneta CEO and chief geologist Gary O'Connor said the increased grade and overall size of the estimate are encouraging. "We are confident of the ability to continue to incr...Read More
Cars.com announced it was exploring a possible saleStocks are confidently in the black at midday, flipping higher despite a subpar earnings report from banking giant Morgan Stanley. Among names making notable moves higher are defense stock Northrop Grumman Corporation (NYSE:NOC), healthcare concern Five Prime Therapeutics Inc (NASDAQ:FPRX), and auto retailer Cars.com Inc (NYSE:CARS). Below, we'll...Read More
Serabi Gold (TSX: SBI; LON; SRB) produced a record 10,256 oz. gold in 2018's fourth quarter, propelling its 2018 gold production to 37,108 oz. gold, a slight improvement over 2017 gold production.The company processed 45,538 tonnes of run of mine ore from its Palito and Sao Chico gold mines - its highest quarterly throughput of the year - at an average grade of 7.39 grams gold per tonne, as well...Read More
Wesdome Gold Mines (TSX: WDO) expects to produce 72,000-80,000 ounces of gold this year at all-in sustaining costs of $985-$1,040 per oz. at its Eagle River mine complex in northern Ontario.The gold producer also forecasts a significant grade increase to 15.5-16.5 grams gold per tonne, compared to a reserve grade of 12.2 grams gold and a recent high of 13.3 grams gold achieved in the third quarter...Read More
BRASILIA - A retired Army officer who last year advised a Canadian company seeking to mine gold in the Amazon returned to the head of Brazil's indigenous rights agency on Thursday, vowing to improve the lives of the country's native peoples.General Franklimberg Ribeiro de Freitas had run the National Indian Foundation (Funai) until April 2018, but was fired by the previous government under pressur...Read More
Before today, it was FOSL put buying that was popularThe shares of Fossil Group Inc (NASDAQ:FOSL) are higher this afternoon amid heavy trading volumes, after the company inked a deal to sell $40 million worth of smartwatch technology to Alphabet's (GOOGL) Google. What's more, FOSL call options are flying off the shelves today, with traders opening positions at a number of different strikes. For ex...Read More
U.S. markets will be closed on Monday for Martin Luther King Jr. DayIt will be a busy yet abbreviated week, with markets closed on Monday for Martin Luther King Jr. Day. Earnings season will continue to pick up steam next week, with a number of Dow stocks in focus, including IBM (IBM), Johnson & Johnson (JNJ),and Intel (INTC). Starbucks (SBUX) and Ford Motor (F) will also be in the earnings spotli...Read More
Stocks went slightly up yesterday, as investors' sentiment remained bullish following the recent advances. The S&P 500 index extended its short-term uptrend, before closing just 0.2% higher. Is this a short-term topping pattern or just another consolidation within an uptrend?The U.S. stock market indexes gained 0.2-0.6% on Wednesday, extending their short-term uptrend, as investors' sentiment...Read More