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 biggest force behind the startup bubble in the US has been SoftBank. But the scheme has run into trouble, and a lot is at stakeWolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Tex...Read More
Continue...Robert Shiller is an American economist, academic, and best-selling author. He currently serves as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management's International Center for Finance. Mr. Shiller has been a research associate of the National Bureau of Economic Research (NBER) since 1980, was Vice President of the American Economic Ass...Read More
"It is time for us to get out of these ridiculous Endless Wars, many of them tribal, and bring our soldiers home. WE WILL FIGHT WHERE IT IS TO OUR BENEFIT, AND ONLY FIGHT TO WIN."Continue...Read More
I'm often asked where I stand on wind, solar and other alternative energy sources.My answer is: I love them. But they're incapable of enabling our society to smoothly slip over to powering itself by other means.Continue...Read More
I can already see the hate mail coming in.But, it's true. Americans, living in the U.S., shouldn't buy physical gold right now.Continue...Read More
The European ferro-silicon market was unchanged despite a lower fourth-quarter deal being done in the week ended Friday October 4 because suppliers are waiting for further quarterly deals for delivery up to January before making any decision on their offer prices for prompt shipment. European suppliers hold offer prices European demand slower than usual, more Q4 business expected US mar...Read More
The People's Bank of China raised gold reserves to 1,957 tons last monthContinue...Read More
The rationale for this view of the company is provided in an Echelon Wealth Partners report. In an Oct. 3 research note, analyst Gabriel Gonzalez reported that Echelon Wealth Partners continues to consider Revival Gold Inc. (RVG:TSX.V) a Top Pick, as the company's 2019 exploration program results "firm up the Beartrack-Arnett Creek thesis."That thesis is that potential exists for restarting a min...Read More
These increases indicate an "attractive, near-term development opportunity," the company states. Premier Gold Mines Ltd. (PG:TSX) announced in a news release the results of an updated mineral resource estimate for the Hardrock deposit in Ontario, owned by Greenstone Gold Mines, a 50/50 joint venture between Premier and Centerra Gold.The updated estimate, prepared by GMining Services, indicates a...Read More
This is another addition to the Vancouver-based company's growing asset portfolio. Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQB) announced in a news release it closed the purchase from a private party of all rights and interests to a 1% net smelter return (NSR) royalty on the Lincoln Hill property in Nevada (operated by Coeur Mining). Ely Gold also acquired the right of first refusal on an add...Read More
The Critical Investor digs into what the proposed joint venture means for this junior project generator. Despite being a hybrid prospect generator, meaning self-funding projects and also being funded by joint venture (JV) partners, Avrupa Minerals Ltd. (AVU:TSX.V; AVPMF:OTC; 8AM:FSE) has finally succeeded in signing a nonbinding letter of intent (LOI), on Oct. 1, for a nice JV deal on its Alvala...Read More
Demand for flat steel products in Turkey was weak in September 2019 because of global price falls, market participants have told Fastmarkets.And local producers have now filled their order books until late November, they said on Wednesday October 2.Turkish steel prices increased on May 17 after the import duty into the United States, which had been applied at a rate of 50% in September 2018, was c...Read More
Taiwan will defer the imposition of anti-dumping and countervailing duties on five Chinese steel and stainless steel products, the island's customs administration said last week. The decision to delay the tariffs was made after considering the recommendation of Taiwan's International Trade Commission (ITC), the impact on Taiwan's economic interests and the global economic situation, Taiwan's Custo...Read More
High-level trade negotiations between the U.S. and China are set to resume later this weekThe Dow finished lower to start the week, with all eyes turned towards this week's high-level trade talks between the U.S. and China, set to take place Thursday in Washington, D.C. While White House economic advisor Larry Kudlow struck a positive tone earlier in regards to the two nations coming to an agreeme...Read More
Most of the action is occurring on the call sideOptions traders are blasting Wynn Resorts, Limited (NASDAQ:WYNN) today, as the stock tests a key level of support. With about an hour left in the session, around 44,000 calls have changed hands -- four times what's typically seen, and volume pacing in the 100th annual percentile -- compared to roughly 8,100 puts.Drilling down, the March 105 call is m...Read More
The broader stock market has barely budgedStocks have swung lower this afternoon, as skepticism creeps in ahead of this week's U.S-China trade talks. Several individual names are making big moves, though, including rare diseases specialist Akcea Therapeutics Inc (NASDAQ:AKCA), drug developer Sutro Biopharma Inc (NASDAQ:STRO), and osteoporosis expert Pfenex Inc (NYSEAMERICAN:PFNX). Here's a closer...Read More
The stock has struggled since its July IPOThe shares of Livongo Health Inc (NASDAQ:LVGO) were last seen trading up 15.5% at $20, after the digital healthcare management company announced a deal where it'll provide its service for all Federal Employees Health Benefits Program members who have Type 1 or Type 2 diabetes. This prompted a note from SVB Leerink, which said to "aggressively" buy the equi...Read More
Adjustments to EU safeguard measures will "stabilize trade flows by containing import concentrations from certain exporting countries," the European steel association Eurofer said on Tuesday October 1.Although the changes will result in improvements, "the result is still not sufficient for a large part of the sector, especially given that it is facing depressed domestic steel demand," Eurofer said...Read More
Netflix will report earnings after the close on Oct. 16The shares of Netflix Inc (NASDAQ:NFLX) are higher today, up 1.2% to trade at $273.97, shaking off a price-target cut to $300 from $380 at Evercore. The analyst in coverage noted that the streaming field is becoming crowded, and due to Netflix's pricing, could be stuck in a "race to the bottom."The analyst caution over Netflix stock is well-fo...Read More
Silver is definitely cheap. By almost any standard of measurement, the price of silver is cheap. It is cheap relative to gold, it is cheap compared to its recent peak in 2011, and it is cheap historically. For some, that apparently means that silver is a bargain, too. I’m not so sure. Those who tell us silver is cheap relative to gold say that silver’s price is likely to rise higher,...Read More