Have you received your tax refund yet?Chances are good that if you were owed a refund, your return has been delayed. The government shutdown caused the IRS to furlough workers during some of the most important weeks for processing tax returns. And it’s taking the agency time to catch up.So even if you were responsible and filed your tax return well ahead of the crowd, you may still be waitin...Read More
This morning the rah-rah men put out their tongues at the bears, placed their thumbs in their ears… and wiggled their fingers in mockery...For the March jobs report came issuing from the Department of Labor.And it trounced estimates.The economy added 196,000 nonfarm jobs last month - economists expected a figure in the range of 175,000.The March unemployment rate held steady at a lovely 3.8%...Read More
Mayday, mayday,we are sinking! The global economy is slowing down. How serious is the currentslump? We invite you to read our today’s article about the true condition ofthe world’s economy and find out what are its likely implications for theprecious metals market. Economists andmarket analysts often make volte-face. We remember that in 2018 the punditswere heralding the synchronized g...Read More
Mayday, mayday,we are sinking! The global economy is slowing down. How serious is the currentslump? We invite you to read our today’s article about the true condition ofthe world’s economy and find out what are its likely implications for theprecious metals market. Economists andmarket analysts often make volte-face. We remember that in 2018 the punditswere heralding the synchronized g...Read More
Sandstorm agreed to pay $25 million to Americas Silver, plus $10 million in convertible debt with an equity investment of ~$8 million.In exchange, the company will receive 32,022 ounces of gold over 5.5 years, a 4% stream and a 1.4-2.8% NSR royalty over the adjacent property.Sandstorm will recover its initial investment of $42.5 million in 5 to 6 years with gold prices of $1,200 to $1,300, plus ~9...Read More
By: IRA EPSTEINRead More
A strong session from Boeing helped lift the DowThe Dowrose convincingly today on hopes for a U.S.-China trade deal. The S&P 500 also managed to settle in positive territory -- bringing its daily win streak to six, the longest since February 2018 -- though the Nasdaq failed to mimic that strength, ending in the red as tech and Tesla shares weighed. While trade talks will likely continue to grab Wa...Read More
How subscribers turned CREE's 8% week-to-date rally into money-doubling option profitsSubscribers to Schaeffer's Weekly Options Countdown options recommendation service just doubled their money in only a few trading days with the Cree Inc (NASDAQ:CREE) weekly 4/5 55.50-strike call. Here's a quick look at why we expected a big upside move from the semiconductor concern this week, and how the prof...Read More
The shares found a foothold at their 40-day moving averageThe U.S. stock market is mostly higher today on optimism surrounding U.S.-China trade talks. Among individual stocks making notable moves are streaming specialist Roku Inc (NASDAQ:ROKU), U.K.-based software firm Micro Focus International PLC (NYSE:MFGP), and home furnishings retailer At Home Group Inc (NYSE:HOME). Here's a quick roundup of...Read More
President Jair Bolsonaro's election is bullish for companies like Petrobras.Continued debt reduction focus is bearing fruit.Future growth could propel the stock to new highs as Petrobras is rising from the deep.Petr??leo Brasileiro S.A. - Petrobras (PBR) has been a wreck over recent years as its debt has gotten out of control for one of the world's premier energy companies. Newly elected Presi...Read More
Gold futures finished Friday trade slightly lower as financial markets awaited an update on reported progress in trade negotiations between the U.S. and China and as an upbeat reading on jobless benefits claims fueled expectations for a recovery in monthly hiring in a report due Friday morning. Gold for June delivery GCM9, +0.10% on Comex fell $1, or about 0.1%, to $1,294.30 an ounce, but had tou...Read More
Gold futures finished Thursday trade slightly lower as financial markets awaited an update on reported progress in trade negotiations between the U.S. and China and as an upbeat reading on jobless benefits claims fueled expectations for a recovery in monthly hiring in a report due Friday morning. Gold for June delivery GCM9, +0.12% on Comex fell $1, or about 0.1%, to $1,294.30 an ounce, but had t...Read More
Americas Silver Corp.'s (TSE: USA) stock was up over 23% Thursday, after announcing that Sandstorm Gold Royalties is making a $42.5 million investment in the company to fund the restart of Relief Canyon gold mine, 160 km northeast of Reno. The investment includes a $25 million gold stream and royalty on the Relief Canyon mine when it reopens, a $10 million convertible debenture, and a $7.5 millio...Read More
RES shares got a rare upgrade todayOilfield services stock RPC, Inc. (NYSE:RES) is trading up 5.9% today at $12.35, thanks to an upgrade to "overweight" from "underweight" at Morgan Stanley. The brokerage firm also lifted its price target to $15 from $11, territory not seen since early November. The bull note is a rarity for RES shares, which right now have just two positive ratings among the ana...Read More
The outlook has improved for Pretium Resources, (TSE: PVG). The miner's shares climbed nearly 9% Thursday, after announcing "robust economics" and plans to ramp-up production, exploration, and resource numbers at its Brucejack gold-silver mine in British Columbia.The Brucejack mine is increasing throughput to 3,800 tonnes per day, up from 2,700 tonnes per day over the course of the year - a 4...Read More
A historically bullish signal just flashed on the charts for Canopy Cannabis concern Canopy Growth Corp (NYSE:CGC) got off to a hot start in 2019, and is now up 61.1% year-to-date. The equity has taken a breather after bounding up the charts earlier this year, with support at the $42 level serving as a recent floor. While the stock is inching lower today, a historically bullish signal just flashed...Read More
Most analysts are bearish on the utility nameThe shares of PG&E Corporation (NYSE:PCG) are up 2.8% to trade at $19.03 today, after the utility company appointed William Johnson as its new CEO. PCG also said it's reshuffling its board, adding 10 new directors, while seven current board members will step down. In the wake of the news, options traders have taken renewed interest in the beleaguered...Read More
Very clear warning signs are now flashing that the U.S. economy could be heading for trouble and that the longest expansion in recent memory may soon end. But as usual, financial media and mainstream investors are once again flushed with optimism as the stock market plows higher.Last week, the Fed gave a narrative confirmation to the dangers when they officially called off their monetary tightenin...Read More
Stocks slightly extended their short-term uptrend on Wednesday, as investors' sentiment remained bullish following the recent rally. The S&P 500 index was the highest since the early October yesterday, but it closed just 0.2% higher. So will the uptrend continue?The U.S. stock market indexes gained 0.2-0.6% on Wednesday, slightly extending their short-term uptrend once again, as investors' sen...Read More
BAML upgraded Nio stock today, too Nio Inc (NYSE:NIO) stock bottomed at a record low of $4.90 in late March, but has since come off this level. Citigroup thinks the worst is over for the electric auto stock, with analyst Jeff Chung upgrading the shares to "buy" from "hold." And while he cut his NIO price target to $6.80 from $7.20, this still is a 28% premium to last night's close.BofA-Merrill Lyn...Read More