Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Goldman Sach's head of commodities research Jeff Currie does not expect an early recovery in long-cycle investment and therefore prices of industrial metals due to a structural decline in demand from China, but he is very bullish on the gold price.Speaking on Bloomberg Surveillance, Currie says gold will benefit from strong central bank buying and the wealth effect in India and China due to streng...Read More
Rudi Fronk and Jim Anthony, co-founders of Seabridge Gold, explain why they believe a new bull market for gold is about to commence. Yesterday's FOMC statement and the subsequent news conference with Chairman Powell removed the last significant headwinds for gold. We think that a new bull market for gold is about to commence.Essentially, Chairman Powell trashed the Fed's forward guidance of the l...Read More
An iA Securities report discussed the new drill results in context with previous ones and what they could mean for the project. In a Jan. 28 research note, analyst George Topping reported that Wesdome Gold Mines Ltd.'s (WDO:TSX) newly released infill drilling results from the Deep A zone at Kiena "continue to be thick and high grade." The assays averaged 15.7 grams per ton (15.7 g/t) gold cut ove...Read More
A BMO Capital Markets report discussed this mining company's decision and its implications. In a Jan. 28 research note, analyst Andrew Kaip reported BMO Capital Markets upgraded IAMGOLD Corp. (IMG:TSX; IAG:NYSE) after its announced decision to postpone construction the Cote gold project. "With the announcement, we are of the view that the risk profile has changed," technically and financially, he...Read More
The most recent drill results from several zones in its Red Lake District in Ontario included some of the highest intercepts to date. DHZ-014 Drill CoreGreat Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC), a gold explorer based in Canada, reported drill results from the Hinge Zone (DHZ) and South Limb Zone (DSL) at its 100%-owned Dixie Project.Located in Ontario's Red Lake District, some of the highe...Read More
Well, it was another shit show today for cannabis stocks.The downward spiral began a couple of months ago, and has not let up. Although we are now seeing some indication that most of the bleeding is starting to slow down a bit. Still, this is of little comfort to those who showed up late to the cannabis game.MariMed (OTCBB: MRMD) was today's biggest loser, although a 25% drop in share price opened...Read More
Battery electric vehicles are set to become the standard over the next few decades.It's expected that by 2040, battery electric vehicles will represent more than half of global auto sales.But the evolution of the car isn't going to stop there.The next step is to fuel cell technology.Fuel cell vehicles put out no emissions other than water vapor, have a fuel economy equivalent to about 2x that of g...Read More
It was about a decade ago when I walked into the lion's den.At a conference dubbed the Modern Energy Finance Forum, I was asked to speak about the future of renewable energy.This was right around the time the global economy was imploding and new renewable energy technologies quickly went from being the "greatest investment opportunity of the 21st century" to a giant bubble that burst in the face o...Read More
Continue...Jeffrey Gundlach is the Chief Executive Officer and Chief Investment Officer of DoubleLine Capital. He is recognized as an expert in bond and fixed income investments. His investment strategies have been featured in leading publications from around the world In 2013, he was named "Money Manager of the Year" by Institutional Investor. He is a graduate of Dartmouth College summa cum laude...Read More
Oil prices jumped over 4% on Friday. And traders were ecstatic.But the excitement was short-lived.OPEC announced at a meeting in Vienna on Friday that it would cut crude production by 1.2 million barrels per day in an effort to lift prices. Reuters reported this was 0.2 million over the expected output cut.The market responded. Crude for January delivery increased to over $54 per barrel... but gav...Read More
The Dow wasn't so resilient in today's trading, thoughTech stocks stole the spotlight today, thanks to blowout Facebook (FB) earnings. The FAANG stock surged 10.8%, keeping the Nasdaq in positive territory the whole session. The S&P 500 also closed higher after President Donald Trump tweeted a final U.S.-China trade deal won't be made until he meets with Chinese President Xi Jinping. However, the...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
Early investors stand to reap the rewards as a new technology looks to change everything.One research firm - which recommended Google and Amazon before they became household names - has built a worldwide reputation of identifying profitable tech trends well before Wall Street and the talking heads on T.V.And just recently, they've uncovered a technology that's already being labeled "humanity's las...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
MYL just ran into a historically bearish trendlineEpiPen producer Mylan NV (NASDAQ:MYL) yesterday rallied more than 7% on Food and Drug Administration (FDA) approval for the company's generic version of Advair. As such, Mizuho this morning raised its price target to $32 from $28. The stock is trading lower today, though -- down 2.8% at $29.96, at last check -- and MYL just flashed a historically b...Read More
Bill Miller is a fan of a pair of beauty stocksOptions traders are blasting surging cosmetics stocks Avon Products, Inc. (NYSE:AVP) and Coty Inc (NYES:COTY) today, on bullish buzz from Bill Miller. The portfolio manager told CNBC that AVP is an "emerging market opportunity," and "could be a 10-bagger in the next three to five years." In addition to unveiling a long position in Avon, Miller said he...Read More
By: Gary ChristensonGold prices (weekly chart) formed an impressive inverse head and shoulders formation during a five-year base. Gold prices, which bottomed in December 2015, should climb the wall of worry.WHAT WALL OF WORRY?Really? You have to ask? Financial, stock market, debt and political worries come to mind:Global debt is about $250 trillion. The lenders expect to be repaid plus interest....Read More
By: Richard (Rick) Mills Gold markets were rocking on Tuesday, lifted by a basket of factors that included poor stock market performance earlier in the week, slow growth in China, weak earnings reports and expectations the US Federal Reserve would strike a dovish tone at its two-day meeting starting on Tuesday afternoon. The Fed raised interest rates four times in 2018 but some officials have...Read More
Well, there you have it: the most brazenly bogus rally in the history of the world. Are these guys good, or what? The fix was in even before Powell declared Wednesday afternoon that the Fed would be "patient." (Now there's a word that will reverberate through history!) AAPL's and Boeing's handlers had already gotten the jump on the Fed chairman's latest PR mutterance, deftly engineering respec...Read More
Meanwhile, gene therapy stock MGTX is making a huge move of its ownThe Dow is trading lower today, failing to benefit from the strength out of the tech sector. Three names making big moves today are tobacco and weed concern Pyxus International Inc (NYSE:PYX), gene therapy stock MeiraGTx Holdings PLC (NASDAQ:MGTX), and pharma name Aquestive Therapeutics Inc (NASDAQ:AQST). Here's what's moving share...Read More