A short squeeze could be fueling the solar stock's rallyAbout a month ago, Goldman Sachs waxed optimistically over large-cap solar stocks. Today, the brokerage firm upped the ante, adding First Solar, Inc. (NASDAQ:FSLR) to its "Americas Conviction List," while reiterating its "buy" rating, and raising its price target to $75 from $64. The analyst in coverage glowed about the company's strong U.S...Read More
The CPI rose more than expected last monthDow Jones Industrial Average (DJI) futures are trading modestly above fair value ahead of a busy day on Wall Street. Inflation data has already been released, with the consumer price index (CPI) rising 0.4% in March -- the biggest jump since January 2018.Congressional testimony from several big bank bosses, including JPMorgan Chase (JPM) CEO Jamie Dimon an...Read More
Three stocks could help investors double their money in 2019.2019 could be a game-changer for investors... Especially those looking to potentially double their money.Those investors now have a simple blueprint to follow for success.Simply put, these three stocks could be the best way to make money in 2019 -- whether the markets are flying high, or sinking like a ship.This free Investor's Report re...Read More
A summary of Vedanta's production results for the fiscal year ended on March 31, 2019.In brief Vedanta's Indian copper output decreased sharply by 78% due to the Tuticorin smelter's shutdown after protests against its plans to double capacity reached fever pitch toward the end of March.Custom copper volumes at the company's Zambian projects decreased by 22% to 87,000 tonnes over the 2019 financial...Read More
Europe’s 2nd biggest gold mine could beabout to make early investors rich.This story beginsover 2,000 years ago when the Romans dug up $16.8 billion in gold in Romania...Using hammers and buckets. And now a little company with big ambitionsis coming back to the same site to unearth the rest. Using modern technology, they’re hoping to exploit an estimated$13.3 billion find. Smart invest...Read More
Gold's safety demand has revived thanks to latest economic fears.IMF global growth forecast, China demand are boosting gold price.Gold is inches away from a renewed immediate-term breakout signal. Just when it appeared that gold's 7-month recovery was dead, the yellow metal has roared back to life. A failed attempt by the bears at raiding the market has given way to a renewed rally attempt as...Read More
By: Jordan Roy-ByrneThere are more than a handful of things I can cite as leading indicators for the Gold price.Ratios such as Gold against the stock market and Gold against foreign currencies are generally good leading indicators. The gold stocks and Silver can function as leading indicators at times.Yhe yield curve and bonds can also be leading indicators.But there is one thing I've never ment...Read More
By: Richard (Rick) Mills Gold is often criticized by Wall Street as being kind of a useless investment. Institutional investors tend to prefer investments that are thought to contain the potential for growth, growth = sprouts. An investment has to produce a growing revenue stream - if it doesn't grow it doesn't compound. Gold is rejected as an investment because it doesn't produce sprouts, m...Read More
By: Dave Kranzler"They may try to run this poor thing straight up and over a cliff. Recall the 2000 top was in March but they briefly ran it back in Sep 00. Ditto in Oct 07. When warning signs are ignored, the endings are abrupt. Maintain safety nets, but don't assume stupidity has limits." - John HussmanBefore I saw that quote from Hussman on Twitter, I was contemplating how the trading patte...Read More
By: Michael Kosares (Grey vertical bars indicate recessions.)During the course of the past few weeks, we have heard much about the inverted yield curve in three-month and ten-year Treasuries as a harbinger of recessions. Missed in the press reports is the fact that it has also been a harbinger of higher gold prices. In the chart above, please note the upward surges in the price of gold in the fi...Read More
PreambleOne of the reasons given for allocating a portion of one's investment assets to the precious metals sector such as physical gold is that gold can be considered as an insurance policy against the devaluation of paper money. On my office wall I have framed various bank notes from an 'inflationary' period of time which include the following:2,000,000 marks, Germany 1923100,000,000 Pengos, H...Read More
By: Stewart Thomson 1. Chinese economic growth is probably the main driver of both physical gold demand and the global bull market in stocks. 2. Please click here now. I'm invested in China through ETFs, bank stocks, and... gold!3. With the possible exception of HSBC, most analysts in the West appear to be underestimating the resilience of a billion Chinese citizens working...Read More
By: Michael GolembeskyA Tale of Two QuartersAfter a wild and volatile final quarter in 2018 volatility instruments across the board have seen their levels continue to decline into the end of the first quarter in 2019.VXXB has witnessed a decline of over 45% since the highs that were struck in December and into the most recent lows. This 45% move has not come in a straight line as we have seen...Read More
As much as Democrats love wagging their fingers at all of us racists, homophobes and climate-changers, their first love, borne of longstanding political tradition, is kicking fallen bankers in the nuts. It doesn't hurt that in the eyes of the Democrats and America's flourishing grievance industry, many of the perps happen to be privileged white men. Wells Fargo's bankers in particular have been...Read More
By: Ira EpsteinGold neutral, the battle ground around current levels..Read More
Benchmark Metals Inc. (TSXV: BNCH)'s stock jumped at the open after the company released additional assay results from its Lawyer's gold and silver project. Investor reaction to these results was felt early, pushing Benchmark shares up over 10% for a market capitalization of over $8 million.The Lawyer's project is located in the Toodoggone Mineral District, on the eastern extent of the Stikine Ter...Read More
Gold prices hit a 2-week peak on Wednesday at 1309 as the European Central Bank reinforced accommodative monetary policy. The focus now turns to the minutes from the U.S. Federal Reserve's March meeting due at 19:00 BST. Where are gold prices heading next? Watch Phil Carr at The Gold & Silver Club review Gold with the latest price forecast and predictions: ...Read More
The price for rebar produced and delivered in Southern Europe has narrowed downward by ?,?5 per tonne over the past week amid poor demand, market participants told Fastmarkets on Wednesday April 10.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe fell to ?,?485-510 ($547-575) per tonne delivered on Wednesday, down from ?,?485-515 per tonne delivered on April 3.Market part...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Wednesday April 10, with three-month lead prices down by 1.5% while zinc was the only metal trading in positive territory. Volumes were thin over the day's trading, with copper's 12,735 lots topping the complex by the close, while a marginal uptick in the dollar index back above the psychologically signifi...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday April 10. Please click...Read More