The weed stock tagged a record peak out of the gateThe shares of Aurora Cannabis Inc (NYSE:ACB) are trading up 11.2% at $8.89, fresh off a new per-share record high of $8.92. Boosting the weed stock is news Nelson Peltz has signed on as a strategic advisor, and will work with the cannabis company to explore possible partnerships and expand its global reach.ACB stock is fresh off a three-day winnin...Read More
Wall Street analysts are very bullish on AERI sharesAerie Pharmaceuticals Inc (NASDAQ:AERI) is trading up 7.8% this morning at $49.38, after the company said the Food and Drug Administration (FDA) approved Rocklatan, a treatment for glaucoma patients. This will be the second drug to hit the market for AERI, and an analyst at Stifel expects FDA approval for Rocklatan to provide a boost to Aerie's r...Read More
Durable goods orders rose in January for the third straight monthDow Jones Industrial Average (DJI) futures are pointed cautiously higher this morning, trying to shake off headwinds from the controversy surrounding Boeing's (BA) 737 MAX 8 aircraft. Global tensions remain high, as Britain's parliament will vote later today on whether to leave the European Union (EU) without a Brexit deal. Futures...Read More
Six foreign-controlled miners operating in Indonesia, including PT Vale Indonesia and a unit of Australia's Newcrest Mining, intend to divest some of their shares "in the near future" to meet regulations, an Indonesian official said.According to Indonesian mining rules, foreign-controlled miners are required to gradually start reducing ownership after five years of production. Within 10 years, for...Read More
UK Data Economic reports from the UK showed that the GDP rose 0.2% in the three months to January. On a quarterly basis, the economy picked up the pace, rising 0.5%. The gains came from an increase in IT, health services and wholesale trading. This offset the declines from manufacturing in metals, cars and construction repairs. Manufacturing production rose 0.8% on the month beating estimates of a...Read More
Northern Dynasty Minerals (TSX:NDM) has entered into a bought deal financing with Cantor Fitzgerald Canada to raise $10 million that will allow the miner to further advance its Pebble copper-gold-silver project in Alaska.The deal prices the company's shares at 64 Canadian cents, a 13.5% discount to the stock's price before the financing was announced.The Canadian miner has also granted the underwr...Read More
This rare signal suggests otherwiseThe S&P 500 Index (SPX) has been ripping higher since Christmas. In fact, it's up 15% over the last 50 trading days, which is the best 50-day return in more than seven years. The obvious question is whether 15% in 50 days is too far, too fast? In other words, are we due for a pullback, or some sort of pause? This week, I'll look at the past to see how stocks perf...Read More
• The prevalent cautious mood underpins the commodity’s safe-haven demand. • A modest USD rebound and positive US bond yields seemed to cap strong gains. • Traders now eye US durable goods orders data for some meaningful impetus. Gold held on to its positive tone through the early European session on Wednesday and remained...Read More
(Updates prices) * British lawmakers to vote on no-deal Brexit at 1900 GMT * SPDR gold holdings rise for second day * Silver hits highest since March 1By Sumita LayekMarch 13 (Reuters) - Gold rose to a near two-week peak onWednesday, holding above the key $1,300 mark as uncertainty overBritain's exit from the European Union drove investors to safehaven assets.Spot gold was up 0.4 percent at $1,306...Read More
Brazil's government wants to enact rules that allow mining in indigenous reserves which occupy 13 percent of the country's territory and hopes it can get Congress to reconsider a decades-old proposal to do so, a Mines and Energy Ministry official told Reuters.Mining Secretary Alexandre Vidigal de Oliveira was asked to clarify comments made last week by Mines and Energy Minister Bento Albuquerque,...Read More
Gold could rise to $1,310 in the next 24 hours, having generated a strong bullish cue in late NY/early Asian session. The yellow metal is currently trading at $1,304 per Oz - up 1.87 percent from the recent low of $1,280. Prices crossed $1,300 in the overnight trade confirming an upside break of the bearish broadening channel on the 4-hour chart. The bullish breakout has strengthe...Read More
* European stocks climb as oil, Brexit hopes boost market * Adidas down on warning supply chain issues to crimp sales * Inditex slides as pace of store closures surprises* Sterling recoups some losses (Updates prices, adds quotes)By Julien Ponthus and Helen ReidLONDON, March 13 (Reuters) - European shares jumped onWednesday as investors bet British lawmakers would vote toreject a disorderly no-dea...Read More
Highlights: Stocks lost ground against bonds and gold. S&P 500 rejected the important resistance range of 2800-2820. The VIX bounced over 18% as volatility came back into the equities markets. Small caps were the worst performers from a factor perspective. Low volatility was the best performing factor. Bonds, Gold, and the US dollar had strong weeks. Growth continues to slo...Read More
Gold had a rough time since February 20.The ECB did not help the yellow metal.Another in a series of higher lows could be in the cards.Levels to watch in gold.Buying gold stocks - FNV offers value.Gold has been facing lots of adversity lately. On Friday, March 1, the price of the yellow metal dropped like a stone and took out the $1300 per ounce level. Last week, gold moved lower reaching a low th...Read More
Axel Merk, President and Chief Investment Officer of Merk Investments, sponsor of the VanEck Merk Gold Trust, joins us today to discuss gold delivery.OUNZ is the only ETF to offer a patented gold delivery process.When you own gold in the VanEck Merk Gold Trust, you have a pro rata ownership in the underlying gold. So, when you take delivery, nothing happens from a tax point of view with regard to...Read More
Gold revisits month-start levels by nearing $1306 ahead of London open on Wednesday. Brexit and trade developments can act as near-term catalysts. $1302 and $1308 are likely immediate levels to watch. Gold trades near the highest level in two weeks, around $1306, on early Wednesday. The yellow metal crossed 50-day simple moving average (SMA) for the first time since November 2018 as latest commu...Read More
Pakistan's military is taking a key role in the development of one of the world's biggest untapped copper and gold deposits, which is currently stalled by a multi-billion dollar legal wrangle with foreign mining firms, multiple sources familiar with the situation said.The Reko Diq mine has become a test case for Prime Minister Imran Khan's ability to attract serious foreign investment to Pakistan...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed lower following Boeing's (BA) slide when several countries grounded the company's 737 MAX 8 after the plane model's second fatal crash in six months. Stitch Fix (SFIX) jumped after the subscription fashion service topped analysts' earnings and sales forecast in its fisca...Read More
NEWS &VIEWSForecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 46th year in the gold businessMarch 2019"The best thing you can do is know how to have a balanced portfolio."Ray Dalio, Bridgewater Associates"The Flash Boys story put in jeopardy billions of dollars of Wall Street profits and a way of financial life."Michael LewisBy: Michael J. Kosares What's the lin...Read More
- Dave Kranzler"The sovereign in the U.S. is supposed to be 'We The People'- first three words in The Constitution. It's not 'We The People.' The sovereign power of the U.S. is a criminal global banking cartel. Period. Full stop.""Criminal immunity is tantamount to Sovereignty. Any entity that has criminal immunity has Sovereign power. For example, you don't need the Constitution to coin money...Read More