Earlier this week, the Federal Reserve loaded a new round of fodder into its money cannon, blasting $250 billion into the private sector to buy up corporate debt.Just throw that onto the $3 trillion the Fed had already conjured up since February.Indeed, on February 26, the size of the Federal Reserve's balance sheet was $4.16 trillion. But as of June 10, it had soared to $7.17 trillion, meaning $3...Read More
It's finally happened: this turbulent market has claimed an actual life.A 20-year-old college student committed suicide after racking up a massive debt using the trendy stock-trading app Robinhood. If you aren't familiar, Robinhood makes it incredibly easy and fun to invest on your phone. It even pops confetti when you make trades.It's like a video game, but with actual money.Alexander E. Kearns t...Read More
No one knows what America is going to look like a year from now. Between the pandemic, the ongoing social unrest, the coming election, and the never-ending game of geopolitics, there's no telling what the climate in this country will be in 365 days. And while all of those aspects play important roles, it's perhaps the pandemic that will have the longest-lasting effect on life in the United State...Read More
"The proof is always in the drill results." When last we spoke to Great Bear Resources Ltd. (TSX-V: GBR) CEO Chris Taylor three ...Read More
Newmont Mining CEO Tom Palmer discussed why the company runs business as if gold is at the bottom of the cycle.Read full newsRead More
Stewart Thomson, Graceland Updates 1. Gold investors are eager to see the current price reaction end and a fresh uptrend begin. Oscillator buy signals, rising volume, and bullish price patterns are beginning to appear in some gold stocks, and that's a good sign. 2. Please click here now. Double-click to enlarge this daily gold chart. The best word to summarize both the fundament...Read More
By: Ira EpsteinGold 1706.20 support, swingline in gold's favor. 18-dma at 1728 area:Read More
BP CEO Bernard Looney said in a report published Wednesday that some aspects of the energy systemRead full newsRead More
The Federal Reserve is not looking to raise interest rates from its zero-bound target for the next two years and according to Peter Grosskopf, CEO of Sprott ...Read full newsRead More
The COVID-19 pandemic and the ensuing policymaker response may have created a turning point for building materials and forest products stocks. On Monday, INK Canadian Index member CanWel Building Materials (CWX) provided a business update in which it noted that, subsequent to reporting Q1 results, it had seen steady end-market demand resulting in an 8% increase in year. While the company reduced...Read More
Arctic watchers fear 150,000 barrels of diesel oil from a ruptured fuel tank at a Russian nickel mine will spill into the Arctic Ocean, as cleanup efforts falter.Read full newsRead More
Greatland Gold could be a fantastic bargain at current levels if the company's able to live up to its full potential, based on current estimates. The post Is Greatland Gold the bargain you need to buy today? appeared first on The Motley Fool UK.Read full newsRead More
"Despite the recent correction, the S&P 500 has recouped most of its losses since the start of the crisis; the FTSE emerging market index and Africa index are substantially improved; the BovespaRead More
This week's episode features the opening of this year's Canadian Mining Symposium held on Zoom from June 16-18, 2020. Northern Miner group publisher Anthony Vaccaro gives opening remarks to the event followed by TMX Group's head of business development, Dean McPherson, who discusses the inner workings of listing on the Toronto Stock Exchange and the TSX Venture Exchange.All this and more with onli...Read More
This year gold prices have rallied as a result of disrupted supply chains and closed down economies due to the global coronavirus pandemic and increasing possibility of a new trade way between the US and China. Now, gold ETFs are gaining momentum as a hedge against the potentially overbought stock market, some traders say. Since late March, total ETF holdings have grown 14%, while long positions...Read More
It’s no secret that investors are doubling down on gold. In a time when the markets are still volatile, with the first of possibly many market crashes behind us, investors are turning to gold to keep their cash safe. Analysts are on board with the decision, as some believe the price of gold could double by 2030.But while many are recommending that investors take the safest option of investin...Read More
The market rally off the March lows took many stocks back to previous levels. Some beaten-up sectors, however, still have room to run, and savvy investors are hoping to benefit.Let’s take a look at two cheap stocks that could see significant upside moves in the next 18 months.Teck ResourcesYou need to have a strong stomach to own Teck Resources (TSX:TECK.B)(NYSE:TECK) stock. A quick look at...Read More
Shell and IBM launch Oren digital platform for mining companies. Shell and IBM have launched a new, global B2B Digital mining services marketplace platform aimed at helping mining companies find solutions related to safety, sustainability, mine planning and operational efficiency.By hosting new technology and digital solutions in one place, Oren aims to accelerate the digitization of the minin...Read More
Trenching at Villeneuve. Image from MacDonald Mines. Drilling at MacDonald Mines' wholly owned SPJ property, 20 km east of Sudbury, Ontario, has extended the strike length of the high-grade New Zone-Villeneuve trend to over 225 metres; the structure remains open.The company released results for six drillholes completed over the winter and spring. The drill highlights include 5.1 metres of 27.2...Read More
Natural gas field. Image by Rudy and Peter Skitterians from Pixabay. San Antonio's Mirage Energy announced Wednesday it has signed a $4 billion debt facility with the Bluebell International LLC for the development of natural gas pipelines, underground natural gas storage and the Isthmus Corridor Project.The company's pipeline, interconnected with Whitewater Whistler, provides an inexpensive natur...Read More