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
Don't miss out on the multi-billion-dollar "Marijuana Buyout Boom."One Fortune 500 company is betting over $4 BILLION on "legal weed."Constellation Brands already owns Corona, Robert Mondavi, Canadian Whiskey, and Svedka.And now they're getting into cannabis.They recently made a HUGE investment in major pot company called Canopy Growth.Why?Because they anticipate massive growth and profits once...Read More
Oil prices rose on reports the EU will back French sanctions on IranThe Dowdropped out of the gate and didn't look back, ending with a loss ofnearly 400 points. FAANG stocks continued to drag down the market, withFacebook (FB) and Apple (AAPL) among the worst hit. The former touched an annual low on more negative media attention, while the latter plummeted amid renewed concerns about iPhone deman...Read More
The WSJ is the latest media outlet to report on leadership trouble at FBThe shares of Facebook, Inc. (NASDAQ:FB) are down 5.8% today to trade at $131.40, fresh off a 22-month low of $131.27. In addition to a broader FAANG stock sell-off, the social media name could be reacting to another PR disaster, with the Wall Street Journal the latest media outlet to weigh in on CEO Mark Zuckerberg's leadersh...Read More
AAPL stock is on pace for its worst month since the financial crisisAn ongoing decline in the shares of Apple Inc. (NASDAQ:AAPL) has been the biggest story on Wall Street today, as the Dow stock falls on another concerning news story about iPhone production cuts which follows a string of bearish analyst notes. Last seen down 3.9% at $185.97, AAPL is on pace for its lowest close since July, and its...Read More
Raymond James likes the potential of VKTX's liver disease drugThe shares of Viking Therapeutics Inc (NASDAQ:VKTX) are up 1.8% to trade at $11.86, getting a boost from Raymond James, who upgraded the biotech name to "strong buy" from "outperform. The analyst in coverage waxed optimistic on the potential of the company's liver disease drug. And in response to the bull note, options traders today a...Read More
Walt Disney, meanwhile, is getting hit by broad-market headwindsThe U.S. stock market is spiraling today on tech sector weakness. While entertainment name Walt Disney Co (NYSE:DIS) is getting hit with broader headwinds, Chinese stocks Nio Inc (NYSE:NIO) and Yulong Eco-Materials Ltd (NASDAQ:YECO) are bucking the bearish bias. Here's a closer look at what's moving shares of DIS, NIO, and YECO.Disney...Read More
While the stock market has struggled, this equity has muscled higherWhile battered PG&E (PCG) has been dominating headlines recently due to its role in the California wildfires, one other utility stock made a blip on our radar: Dominion Energy Inc (NYSE:D). While most other stocks have swooned since October, shares of theelectric and natural gas supplier have muscled higher. However, that could ch...Read More
CloseGain/LossGold $1223.20+$1.30Silver$14.42+$0.01XAU65.70-0.57%HUI148.27-0.19%GDM539.96+0.11%JSE Gold1141.62+20.05USD96.21-0.23Euro114.50+0.33Yen88.76+0.11Oil$56.76+$0.3010-Year3.053%-0.018T-Bond139.8125+0.25Dow25017.44-1.56%Nasdaq7028.48-3.03%S&P2690.73-1.66% The Metals: Gold fell $3.80 to $1218.10 in Asia, but it then rallied back higher in London and New York and end...Read More
Gilts are on a tear as investors escape U.K. stocks and the pound. But a no-deal Brexit or a Corbyn government would soon change their status.By Mark Gilbert and Marcus Ashworth (via Bloomberg.com)British investors have been fleeing their domestic stock market in droves all year, and everyone and their dog lined up to sell sterling on Thursday as the tally of resignations from Theresa May's...Read More
Thanksgiving week has been marked by abrupt moves and long-term trend changing moves in metals and energies. This has happened most of the time (not all of the time) over the past fifteen years. I will prefer to be cautious in metals, natural gas and the US dollar Index this week. Technicals are fine but one should see signs of a trend changing technically. Global stocks could sink once again...Read More
Strongwords, aren’t they? And yet, we are not afraid to put them right in the title.The number of factors (and their importance) that point to a nearby reversaland continuation of the major decline is too significant to believe in thebullish case, even though gold, silver, and mining stocks moved higher in thelast few days.Weemphasized it many times and we will continue to do so, as it&rsquo...Read More
There will be no hot war between the U.S. and China. No "Battle of Beijing".With both sides armed with nuclear missiles, this is an impossibility.Technically, there could be a proxy war via Taiwan. But this is also highly unlikely. Too much World War III risk. Plus, the Taiwanese have witnessed what happened in Ukraine, and are not keen to be next in line.Trade is the field where this contest will...Read More
The gold price remains strong after breaking US$2400 per ounce for the first time ever. Meanwhile, the mining industry is ...Read More
The owner of this asset has optimized its proprietary carbon sequestering process such that using it "may result in material capital and operating cost savings," noted a Research Capital Corp. report.Canada Nickel Co. Inc. (CNC:TSX.V; CNIKF:OTCMKTS) has improved its in-process tailings (IPT) technology for capturing carbon during ore processing, which "may prove to be very valuable," reported Rese...Read More
In a revealing exploration of rising grocery costs, a man compares the price of a Walmart grocery order from two years ago to ...Read More
Miners with a sizable ownership stake in their own companies are crucial to ensuring business decisions are aligned with ...Read More
RAPAPORT... Burgundy Diamond Mines has discovered a "significant" area bearing fancy-color orange and yellow diamonds at its Naujaat diamond project in Canada.The Australian miner completed testing on 70% of the first bulk sample it retrieved last year from the site, in which it holds a 40% stake, it said Wednesday. North Arrow Minerals owns the other 60%. Burgundy will finish testing the remainin...Read More
Silver may rally above $40 to $50 near the end of 2021 or in early 2022 before eventually settling near...by Chris Vermeulen of The Technical TradersOur followers and readers have been emailing us asking for more research into Precious Metals and updated Adaptive Dynamic Learning (ADL) Price Modeling charts (our proprietary price/technical mapping system capable of predicting future trends, setups...Read More
Brendan Ryan, Head of Corporate Development, Deterra Royalties joined us at Red Cloud's Pre-PDAC 2024, brought to you by ...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:US hot-rolled coil prices moved in line with our forecasts in January, with actual prices modestly exceeding our forecasts for the month. Fastmarkets' US HRC index averaged $1,099 per ton in January, slightly above our forecast price of $1,075 per ton for the month. W...Read More