Venezuela is home to rich gold deposits and holds billions of dollars of foreign reserves in gold bars in the central bank's vaults. The question is, how much is there?The answer has taken on added significance as beleaguered President Nicolas Maduro faces increasing pressure to resign. Last week, countries including the U.S. and U.K. recognized the leader of the National Assembly, Juan Guaido, as...Read More
JNPR is on the short-sale restricted list todayJuniper Networks, Inc. (NYSE:JNPR) is trading down 8.8% this morning at $25.48, one of the worst stocks on the New York Stock Exchange (NYSE), after the tech company reported fourth-quarter revenue below estimates -- the first such miss in at least eight quarters -- due to notable weakness out of its cloud business. The company also issued a disappoin...Read More
Bitcoin Gold bulls rush to revenge following the devastating declines this week. BTG/USD adds a whopping 10% in a single day; the bullish moment to continue. Bitcoin Gold did not waste time consolidating the losses following the declines on Monday this week. The asset is leading the recovery with gains in the excess of 10% on the day. The ballistic move comes at a time when bulls have started to...Read More
Huge earnings, trade talks, and a Fed decision are all in focus todayThere is a ton happening on Wall Street today, and Dow Jones Industrial Average (DJI) futures are signaling a strong open as the rush gets underway. For starters, traders are reacting positively to earnings from Apple (AAPL) and Boeing (BA), just two of several high-profile names on the earnings slate today. The quarterly reports...Read More
A closer look at January returns could be a bullish signStocks are off to a hot start in 2019. The S&P 500 Index (SPX) has gained over 5% with just a couple of days left in January. Based on historical data, it's important that stocks begin the year on a positive note. According to the January Barometer, the first month of the year is an indicator on how the rest of the year will play out. Below,...Read More
(Updates with closing prices)By Peter HobsonLONDON, Jan 30 (Reuters) - Nickel prices rose to athree-month high on Wednesday as investors worried that one ofthe world's largest producers, Brazilian miner Vale ,could curtail supply in an already tight market.Benchmark nickel on the London Metal Exchange (LME)closed up 1.9 percent at $12,350 a tonne.The stainless steel ingredient hit more than two-ye...Read More
Cordoba Minerals (TSXV: CDB), the Toronto-based miner developing the San Mat?-as project in the department of C??rdoba in northern Colombia, issued a media statement today detailing the reasons behind the lawsuits it filed in late 2018 and January 2019.According to the press release, Cordoba was forced to present criminal charges before Colombian prosecutors against nine members of former manageme...Read More
Lithium is set to soar - and leave investors pocking huge profits.Even with all the headlines and controversy surrounding Tesla founder Elon Musk, recent research shows that even bad press can't stop the momentum of a huge component that makes Tesla what it is today.In fact, Tesla merely helped highlight how completely critical lithium is in today's increasingly-technological world... and how scar...Read More
Fortune Minerals (TSX: FT) (OTCQX: FTMDF), the company behind what could become Canada's first primary cobalt mine, has signed a socio-economic agreement with the government of the Northwest Territories (N.W.T.) in which it commits to hire and spend locally.The 48-page document sets out targets for jobs, spending, education, and training in the Territories as the NICO cobalt, bismuth, gold, and c...Read More
Published 23 Hours AgoUpdated5 Hours AgoReuters Getty ImagesGold prices rose on Wednesday after the Federal Reserve kept benchmark interest rates unchanged and hinted at a slower pace of monetary policy tightening.Gold futures for February delivery traded 0.75 percent higher at 1,318.70 per ounce. Spot gold was up 0.47 percent at $1,318.01.The Fed's decision was widely expected by investors. In a...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average posted modest gains Tuesday as shares of 3M Co. (MMM) moved higher while Verizon Communications Inc. (VZ) and McDonald's Corp. (MCD) weighed on the index.Pfizer Inc. (PFE) rose 3% after reporting solid fourth-quarter earnings but issuing weaker-than-expected 2019 guidance.3M said it was cutting its...Read More
Bob Moriarty ArchivesJan 30, 2019If investors were looking for a sure indication of when a good time would be to invest in a metal, it would be when you can’t even give the shares away. I have covered the importance of using sentiment to before. When everyone wants to invest, you should sell. When no one wants to buy, you should buy. Certainly Deer Horn Capital (DHC-C) qualifies; you can&rsq...Read More
The Tuesday Market Minute Global stocks mixed lower as investors worry that formal charges against Huawei CFO Weng Wanzhou could stall progress in U.S. China trade talks.U.S. companies continue to caution that slowing China growth will hit fourth quarter earnings and near-term outlooks, with focus now shifting to Apple's second quarter results after the close of trading today.European shares&nbs...Read More
Jeff Kilburg and Scott Bauer discuss if the precious metal can attract some follow-through buying. Learn more: https://activetrader.cmegroup.com/ Follow us: Twitter: https://twitter.com/CMEActiveTrader Facebook: http://www.facebook.com/CMEGroup CME Group is the world's leading and most diverse derivatives marketplace, offering the widest range of global benchmark products across all major asset...Read More
By: Jp CortezCharleston, West Virginia (January 29, 2019) -- West Virginia legislator Delegate Pat McGeehan (R-01) has introduced the West Virginia Sound Money Act, House Bill 2684, to eliminate all tax liability on gold and silver in the state.Following in the footsteps of the Wyoming Legal Tender Act, which passed in Wyoming overwhelmingly last year, the West Virginia Sound Money Act is a...Read More
The mis-pricing of money and credit has also driven a terrible misallocation of capital and kept unproductive zombie debtors alive for too long. Saxo Bank, "Beware The Global Policy Panic""Mis-pricing of money and credit" refers to the ability of the Fed to control interest rates and money supply. Humans with character flaws and conflicting motivations performing a role that is best left to a...Read More
By: Craig HemkeAn improving technical picture can be a key driver of the institutional fund flows that will be necessary to drive COMEX gold and the mining shares upward in the weeks ahead.However, let's make one thing perfectly clear before we go any further...I understand that the price of COMEX gold and silver is managed and manipulated by The Bullion Banks.You likely understand this, too.How...Read More
As part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value to your own...Read More
By: Ira EpsteinMetals stay well bid into Wednesday's FOMC Monetary Policy Statement and Press Conference Ira Epstein reviews the days trading in the metal markets. For more information and access to Ira's free offers for commodity traders, visit https://www.iraepstein.com. Read More
MODEST INCREASE IN THE GOLD PRICE BUT WIDE SPREADS "Bulls to the left of me, bears to the right, here I am, stuck in the middle with you..." There's no real consensus among analysts about the direction and price of gold in this year's survey. While the average of all forecasts suggest a modest 1.8% gain for gold, this figure is somewhat overshadowed by a $325 trading range. While gold is appare...Read More