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
The findings suggest the potential for additional discoveries in this metals-laden district. Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTC) reported in a news release it intercepted platinum and palladium mineralization at the Chrome Mountain and East Boulder targets at Stillwater West, its flagship project. These results are from 2018 Stillwater exploration programs, historical data analyses and...Read More
Sector expert Michael Ballanger muses on current money market conditions and their impact on prices for the precious metals. I was poring over the Federal Reserve minutes from Feb. 21, and as I was rolling my eyes and looking around my den for something to throw, I was reminded of the comments from then-Fed chairman Ben Bernanke years ago when he was asked if the Fed was "monetizing debt." The re...Read More
A new target for the share price reflects the potential of new targets for the firm, a ROTH Capital Partners note explains. In a Feb. 20 research note, analyst Joe Reagor reported ROTH Capital Partners increased its target price on Auryn Resources Inc. (AUG:TSX; AUG:NYSE) to US$3.25 per share from $3 because "2019 could be a significant year for the company as it examines new targets at Committe...Read More
Vancouver-based Maverix Metals (TSX-V: MMX) revealed that it achieved record annual gold equivalent production for 2018 with an output of approximately 20,900 ounces. Such a figure exceeds the high end of the company's increased guidance of 19,000 ounces and represents an increase of 75% compared to 2017.According to Maverix, only in the fourth quarter of last year, it produced 5,650 equivalent ou...Read More
The Critical Investor explains why this company is one of his favorite holdings. Drilling at Rupice1. IntroductionOne of my favorite holdings, Adriatic Metals Plc (ADT:ASX; 3FN:FSE), is still under the radar for a lot of North American investors, being an Australia listed company. It is my strong conviction this is not really deserved, and this situation might potentially not last very long. As i...Read More
Australian gold company Evolution Mining Ltd said on Monday it had acquired a 19.9 percent stake in smaller peer Tribune Resources Ltd for A$41.3 million ($29.55 million).Evolution said Tribune's major asset was its interest in the East Kundana mining operation in Western Australia, a joint venture between Northern Star Resources Ltd, Rand Mining Ltd and Tribune.Australian gold producers have stro...Read More
Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD), the world's second-largest bullion producer, is going hostile in its bid to acquire U.S. rival Newmont Mining (NYSE:NEM) and create a mega-gold corporation with a $17.8 billion all-share offer.The move, announced before markets opened on Monday, increases the potential for a three-way fight among some of the world's largest gold miners, and comes after N...Read More
The chief executive officer of Newmont Mining Corp. labeled a potential takeover attempt by rival gold miner Barrick Gold Corp. as a "desperate" and "bizarre" move aimed at complicating his company's pending deal to acquire Goldcorp Inc.In his first interview since Barrick confirmed Friday it has considered a bid for Newmont, Gary Goldberg said he's focused on completing the Goldcorp takeover and...Read More
South Korea has recommended five-year anti-dumping duties on stainless steel bar from Taiwan and Italy, after its trade commission found that imports had injured the domestic industry.The Korea Trade Commission requested the finance ministry to set tariffs of 9.47-18.56% against Taiwanese products and 10.21-13.74% against Italian products for five years, according to the Ministry of Trade, Industr...Read More
However, the Dow finished well off its session highWall Street was mostly focused on President Donald Trump's Twitter account today, and the Dow muscled higher as a result -- though the index settled well off its session high. President Trump on Sunday evening tweeted about the progress in U.S.-China trade talks and extended his March 1 tariff deadline. The president also tweeted about his dismay...Read More
Import prices for steel slab in Southeast Asia and East Asia moved up again over the past week amid higher offers and limited availability, although no transactions were heard due to the large bid-offer spread.Fastmarkets' weekly import price assessment for slab imports to Southeast Asia and East Asia was $460-480 per tonne cfr on Monday February 25, widening upward by $10 per tonne from $460-470...Read More
Roche's $4.3 billion buyout of Spark Therapeutics is lifting QURE and VYGR todayStocks are trading higher today as Wall Street reacts to positive U.S.-China trade news. Among individual names making notable moves aregene therapy specialists uniQure NV (NASDAQ:QURE) and Voyager Therapeutics Inc (NASDAQ:VYGR), as well as China-based electric car concern Nio Inc (NASDAQ:NIO). Here's a quick roundup...Read More
The company could give billionaire Carl Icahn a say in choosing its new CEOCaesars Entertainment Corporation (NASDAQ:CZR) showed up on Schaeffer's Senior Quantitative Analyst Rocky White's list of the 20 S&P MidCap 400 Index (MID) stocks that saw the most options activity in the past 10 days. Names highlighted in yellow are new to the list. CZR options traders picked up slightly more calls than p...Read More
One coffee stock could surge next month, if past is prologueFebruary has been kind to the stock market thus far, with the S&P 500 Index (SPX) on track for a 3.7% gain. Looking ahead, several stocks could extend their rallies into March, if recent history is any indicator. Below are the 25 best stocks to own in the month of March, with coffee giant Starbucks Corporation (NASDAQ:SBUX) at the top of...Read More
HD has added over 20% since late DecemberHome improvement retailer Home Depot Inc (NYSE:HD) is down 0.4% at $191.67 in afternoon trading. Options traders are positioned for even bigger losses for the Dow stock after the company'sfourth-quarter earnings report, due before the market opens tomorrow, Feb. 26. Here's a closer look at how HD stock has been performing in the lead up to this scheduled e...Read More
Jefferies just initiated coverage with an "underperform" ratingThe shares of the marijuana concern Cronos Group Inc (NASDAQ:CRON) are sinking today, after Jefferies initiated coverage on the stock. The analyst started CRON with an "underperform" rating, and questioned "when Altria value creation will being to materialize," following the cigarette company's decision to invest $1.8 billion in Cronos...Read More
"A statistician is someone who can draw a straight line from an unwarranted assumption to a foregone conclusion." Anonymous "You know a country is falling apart when even the government will not accept its own currency." Jim Rogers, financier, adventure capitalist, b. 1942 "The generally accepted view is that markets are always right - that is, market prices tend to discount future development...Read More
Like all bull markets, the silver bullmarket has different phases, and theses phases have different intensities ofprice growth.There are various indications/signs that silver is going into aphase of the bull market where prices will rise much faster than before. I havecovered some of them in previous articles.Here are a few things to look at. A Drop in the USD/ZAR rate (probablybelow 12)Due to the...Read More
SWOT Analysis: Will Hedge Funds Ramp Up Their Bullish Gold Bets? StrengthsThe best performing metal this week was palladium, up 4.74 percent with platinum on its heels up 4.32 percent with the South African mining industry warning of a week-long strike threat. Gold makes a second consecutive weekly gain. Futures of the yellow metal rose as much as 1.6 percent on Tuesday to the highest for a mos...Read More
By: Ira Epstein$1,301.60 swing point key to current uptrend:Read More