The company reported worse-than-expected per-share earningsThe shares of Deere & Company (NYSE:DE) are down in early trading, after the company announced fiscal first-quarter earnings that fell short of analysts' expectations.The tractor concern blamed the rising costs of raw materials and logistics, due to the U.S.-China trade war. After briefly turning higher earlier, DE stock was last seen 0.8%...Read More
The world's two biggest gold miners both announced mega-mergers over the past 5 months or so. These huge deals briefly garnered some interest in the usually-forgotten gold-stock sector, and fleeting praise from Wall Street analysts. But gold-stock mega-mergers are bad news for gold-miner shareholders on all sides. They reveal the serious struggles of major gold miners, and really retard fu...Read More
Both stocks have had impressive starts to 2019The shares of Aphria Inc (NYSE:APHA) are trading up 6.1% ahead of the bell, after a special review concluded the cannabis company's purchase of LATAM Holdings was sound. The committee also offered suggestions for improvement, including board compensation and adopting a formal strategic planning process.Since bottoming at a record low of $3.75 on Dec. 6...Read More
By: Ira EpsteinGold washes out to the downside, but manages to come back late in the day and close near unchanged. Read More
Chris Watlzek of GoldSeek.com interviews Bob Hoye.Read More
Berkshire Hathaway trimmed its stake in the tech giant in the fourth quarterThe shares of Apple Inc. (NASDAQ:AAPL) are modestly higher in early trading, even after a Securities and Exchange Commission (SEC) filing revealed Warren Buffett's Berkshire Hathaway (BRK.A) trimmed its stake in the tech giant by 1.1% to 249.6 million shares in the fourth quarter, though none of the selling was at the han...Read More
Options data suggests it could be a bad idea to sell premium on TNDMThe shares of insulin pump maker Tandem Diabetes Care Inc (NASDAQ:TNDM) yesterday notched their second highest close from the past year, adding 6.6% on the day thanks to news that the Food and Drug Administration (FDA) classified the company's t:slim X2 as the first device in the new Alternate Controller Enabled (ACE) category. TN...Read More
The DJI is eyeing its eighth straight weekly gainDow Jones Industrial Average (DJI) futures are modestly higher this morning, with the index pacing for an eighth straight weekly win. Ongoing optimism over U.S.-China trade talks is giving the Dow a boost, with another round of negotiations expected in Washington, D.C., next week. And speaking of D.C., President Donald Trump agreed to sign a governm...Read More
The number of new passenger car registrations in the EU decreased by 4.62% year-on-year in January 2019, making it the fifth consecutive month of decline, the European Automotive Manufacturers Assn (ACEA) said on Friday February 15.New car sales in Europe totaled 1,195,665 units in January 2019, compared with 1,253,596 vehicles sold in the corresponding month of 2018."The European passenger car ma...Read More
Performance during the Great Recession and the Greek sovereign debt crisis.Is the euro on the brink of collapse?What are the implications for the gold market?The old continent is dying. The euro is on the brink of collapse. This is what you can often hear in the press. But is that really the case? We invite you to read our today's article about the development of the Eurozone in the last 20 years...Read More
Trading at 35% discount to value of marketable securities.Three active partner-funded joint ventures provide free upside.No value currently assigned to 2.5-4% sliding NSR @ Cheechoo.Golden Valley Mines (OTCQB:GLVMF) Featured In: July 2018 Average Cost per Share: C$0.27 Current Market Price (Feb 12, 2019): C$0.34 Golden Valley Mines was the featured investment in our most recent semi-annual letter...Read More
Section 232 tariffs on aluminium and steel raised $3.6 billion in their first nine months, and revenues for the last two months are likely to push that figure up by around another $1 billion, US government data shows.That figure would be enough to cover the shortfall in funding sought by United States President Donald Trump for border security. In other words, aluminium and steel tariffs could fun...Read More
FDX stock has gained 14% year-to-date alreadyThe shares of FedEx Corporation (NYSE:FDX) are down 3% in electronic trading, after the company's President and COO David Bronczek unexpectedly stepped down. Bronczek had just been named a director two weeks ago, and will now be replaced by Raj Subramaniam. Credit Suisse weighed in on the shake-up, noting that is creates "more questions than answers."...Read More
A new lithium technology could change the face of lithium production forever.Andrew Carnegie didn't invent the Bessemer converter, but used it to amass an incredible fortune producing steel at lower costs. What one simple machine can do for increasing production and lowering costs is staggering (think of the cotton gin).The lithium industry has been plagued with inefficiency and expensive producti...Read More
Detailed data for Chinese trade is still not available, but there are indications that the East Asian country may have become the biggest importer of pig iron in Asia last year, according to Fastmarkets' research team.We pointed out in June last year that the Chinese import pig iron market might revive to fill the widening gap between iron and steel production in China, alongside ferrous scrap.Hon...Read More
US indices are bouncing higher ahead of the long weekend (US presidents Holiday on Monday), with gold and oil firming along. Interestingly, energy is outperforming metals, while gold rallies against silver as the mint ratio (Gold/Silver Ratio) reaches a 2-month high. The OIL Premium long deepens further in the green. UK retail sales jumped 4.2% y/y, their biggest annual rise since Dece...Read More
The process to exclude steel and aluminium from the Section 232 import tariffs applied by the United States is having some interesting consequences.Notably, in the event of a national security issue - which Section 232 was designed to address - the United States would theoretically rely on Japan for its steel and Saudi Arabia for its aluminium.Those countries have been granted the highest volume o...Read More
Steel alloy surcharges in the European stainless steel market were widely expected to increase sharply for March because of recent rises in the price of nickel, Fastmarkets heard on Friday February 15.Alloy surcharges for March will be calculated based on alloy component costs between January 20 and February 20. That period has not yet finished, but from January 20 until February 15 nickel prices...Read More
Urgent Pair XAU/USD (GOLD) – Weekly Chart: 1. Uptrend XAU/USD (GOLD) Open- 1316.07, Target - 1338.29/1360.29, Support - 1301.02 Ultra Specific Ceteris Paribus Strategy: “Without strategy and execution, a great idea will remain just a good idea.”- Dominic By keeping in mind the daily target price constant trade frequently 3- 4 times a day. Maintain a free margin level a...Read More
Domestic prices for rebar in Poland have increased over the past week due to higher ferrous scrap costs, sources told Fastmarkets on Friday February 15.Fastmarkets' price assessment for domestic 12mm B500B-grade rebar in Poland was 2,200-2,310 zloty ($572-601) per tonne ex-works on February 15, up from 2,180-2,250 zloty per tonne ex-works a week earlier. The assessment reflected deals and offers f...Read More