*This interview was recorded on 10/23/18Paul Craig Roberts is an American economist and a columnist for Creators Syndicate. He served as an Assistant Secretary of the Treasury in the Reagan Administration and was noted as a co-founder of Reaganomics. Dr. Roberts is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps Howard News Service. He has testified before con...Read More
The most prominent characteristic of gold pricing has been its narrow and tightly defined trading range. On October 11, gold gained over $30 in trading, breaking above key levels of resistance. These resistance levels began at $1,200, a key psychological level, the 50-day moving average which was at $1,204, and finally the 0.618% retracement level at $1,217.60. From there, gold prices began to tra...Read More
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Oct. 19, 2018.Number of shares: 11,257,500 shares Purchase price: eight cents per share Warrants: 11,257,500 share purchase warrants to purchase 11,257,500 shares Warrant initial exercise price: 12 centsWarrant term to expiry: two years Number of placees: 42 placees...Read More
David Becker1 day agoComex GoldAfter trading sideways for more than 2-months from mid-August to mid-October, many had hoped that the surge in gold prices on October 11, was the beginning of the breakout. While prices continue to form a bull flag pattern, which is a pause that refreshes, the sideways price action is draining. Yields in the US have stabilized with the 10-year near the 3.18 handle, w...Read More
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 19, 2018.Number of shares: 68,416,603 sharesPurchase price: 95 cents per shareNumber of placees: 150 placeesPro groups: Thomas Relling, 350,000; Robert Disbrow, 2.15 million; Gilbert Payeur, 50,000; Patricia Hyssop, 20,000; W. Bruce Johnstone, 30,000; Shaun Chin,...Read More
Oil futures edged higher as questions lingered over Saudi ArabiaIt was another unpredictable session for U.S. equity benchmarks. Today's trading started off strong out of the gate, following suit with a big day for China stocks -- but geopolitical tensions with Saudi Arabia remained at the forefront, and investors quickly turned cautious ahead of an onslaught of earnings reports slated for later t...Read More
(Kitco News) - Interest in gold as a portfolio hedge is coming back this fall, with Bank of America Merrill Lynch (BAML) strategists projecting to see another short-covering rally in the near future.BAML’s positive gold outlook is based on extreme short positioning in gold futures, weaker U.S. dollar forecasts, and investors’ increased demand for a portfolio hedge, the bank’s str...Read More
(Kitco News)- Although gold is one of the top traded assets in the worldwhen compared to other markets like U.S. bonds or foreign exchange, it ishugely inefficient, but one fund manager thinks this is going to change.Peter Grosskopf, CEO of SprottMore than a decade ago exchange-traded productsrevolutionized the gold market, and the yellow metal is on the cusp of a newdigital revolution, said Peter...Read More
The Democratic Republic of Congo gave two groups of investors a four-week deadline to submit a joint proposal on the development of the multi-billion dollar Inga 3 hydropower plant.The government signed an accord with Chinese and Spanish consortia this week to advance the 11,000-megawatt facility, the first time it's formally appointed entities to draw up plans to develop Inga 3 since the project...Read More
Trump may be facing an uphill battle he can't win in 2020.He's a successful businessman who never held public office before winning the Presidency...He's coming into power after an electoral college landslide...And he did it by beating an out-of-touch New Yorker opponent.Once in office, he launches a vast trade war, promising to stand up for America's heartland, with 890 increased tariffs in total...Read More
Traders have typically preferred MAT put optionsMattel, Inc. (NASDAQ:MAT) fell out of the gate this morning due to disappointing quarterly results from toymaking peer Hasbro (HAS). However, the stock has since bounced back, adding 0.6% to trade at $14.30, as the company prepares for its own earnings release scheduled for after the close on Thursday, Oct. 25. But even though MAT shares have a rocky...Read More
CLVS is on pace for its worst month since January 2016Several biotech stocks are getting demolished today, including Clovis Oncology Inc (NASDAQ:CLVS). It appears CLVS stock is down on encouraging data from rival AstraZeneca (AZN), after the latter's Lynparza was shown to halt or reverse tumor growth in ovarian cancer patients. Against this backdrop, Clovis stock was last seen down 19.72% at $21.1...Read More
The retail stock is fresh off its best week in over a yearSneaker name Skechers USA Inc (NYSE:SKX) has seenheavy options trading in recent weeks, landing on Schaeffer's Senior Quantitative Analyst Rocky White's list of 20 S&P MidCap 400 Index (MID) stocks that saw the most options activity in the past 10 days. Names highlighted yellow are new to the list. SKX is fresh off its best week in over a...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
The shares have pulled back to historically significant supportGlass concern Corning Incorporated (NYSE:GLW) will report earnings before the open tomorrow, Oct. 23. The shares have pulled back with the broader stock market of late, but if recent history is any indicator, it could be time to bet bullishly on GLW.Corning stock notched a 17-year high of $36.56 on Sept. 21, but since then has surrende...Read More
These stocks are up big despite broad-market volatility The Dow is trading sharply lower at midday, giving up its early morning gains. However, three names still making big moves higher are mobile payments expert Net ElementInc (NASDAQ:NETE), bulk shipping concern DryShips Inc. (NASDAQ:DRYS), and regenerative tissue specialist CollPlant Holdings (NASDAQ:CLGN). Below we'll take a look at what's mov...Read More
Doina Chiacu, David DolanWASHINGTON/ISTANBUL (Reuters) - White House adviser Jared Kushner said on Monday he had urged Saudi Arabia’s crown prince to be transparent about the killing of Jamal Khashoggi, and told him “the world is watching” Riyadh’s account of the journalist’s disappearance.Khashoggi, a Washington Post columnist and critic of Crown Prince Mohammed bin...Read More
Mr. Paul Kuhn reportsAVRUPA ANNOUNCES $1.5 MILLION FINANCING Avrupa Minerals Ltd. has arranged a financing of $1.5-million to finance the drilling program at the Alvalade copper-zinc-lead volcanogenic massive sulphide project in Portugal and for general working capital. Drill program at AlvaladeAvrupa Minerals recently announced a 2,500-to-3,000-metre drill program to expand currently known miner...Read More
(Kitco News) - Gold prices are moderately lower in early-afternoon U.S. trading Monday, pressured by a return of trader and investor risk appetite to the world marketplace to start the trading week—despite some potentially disruptive elements that still loom over the stock and financial markets. A stronger U.S. dollar index on this day also worked against the precious metals markets. Decembe...Read More
The bull market could be nearing its end, and a new panic is approaching.The U.S. Mint just issued a troubling report.It appears that sales of physical gold and silver are in full collapse.At the Mint, U.S. Gold Eagle coins sold through August have dropped 18% compared to last year.And sales of U.S. Silver Eagle coins fell a whopping 32.6% in August 2018 compared to August 2017.What exactly is go...Read More