Eastmain Resources Inc. (TSX:ER, OTCQX: EANRF) is a junior Canadian exploration company, advancing three high-grade gold assets, in the emerging James Bay gold camp, in Quebec. At PDAC2019, we learned from Claude Lemasson, who is President and CEO of Eastmain Resources, that their main project is called Clearwater Property, where they have two assets, the 1.35 million-ounce Eau Claire Project, wit...Read More
By: David HaggithThe highest summit of irrational exuberance ever not seen by those engaging in it makes the perfect peak for the greatest global economic collapse ever not known by those who fell into it.Some days the level of denial in the stock market twists my head into a knot not because I am surprised at lemmings jumping over a cliff because they know all the other lemmings are going t...Read More
We Have a ProblemNo SolutionsFriends Don't Let Friends Buy and HoldDallas, SIC, and ConversationsMy recent letters described what I think the future will look like. I hasten to add, it isn't what I think the future should look like or what I want to see. Almost the entire developed world has painted itself into a corner.It won't necessarily be terrible. I don't expect another Great Depression...Read More
TheWhite House and Congress finally agreed to put their significant differencesaside and work together on something constructive, no pun intended. OnWednesday it was announced that President Trump and Democratic congressionalleaders plan to spend $2 trillion on US roads, bridges, powergrids, water and broadband infrastructure -bricks and mortar priorities that are sorely underfunded in both the Un...Read More
Russia has criticized Mexico at the World Trade Organisation (WTO) for maintaining anti-dumping duties on Russian steel exports, which it claims are outdated, being based on pricing assessments using data from a different country.The Mexican government used this method for past dumping calculations on Russian steel because it is permitted under WTO rules where a government dominates an economy tha...Read More
“The US dollar will collapse or it will be replaced by another currency” – we hear such statements all the time. Are they true? We decided to check these claims – so we invite you to read our today’s article about the US dollar’s international supremacy and find out whether the greenback’s demise is likely in the foreseeable future. Let’s also draw i...Read More
UK long steel producer British Steel has been granted approval from a French court to take over troubled French special steelmaker Ascoval, the company said on Thursday May 2.Following the approval from the tribunal de grande instance (TGI) in Strasbourg, Ascoval, which is located in Saint-Saulve, Northern France, will officially become part of British Steel on Wednesday May 15 and will be renamed...Read More
While 2016 and 2017 each had a single, clear factor that drove up seaborne coking coal prices, this was a key feature that was missing last year, when the market continued to strengthen regardless.And if the first few months of 2019 are anything to go by, the seaborne coking coal market might have just reached a new level of complexity.When China decided to tackle overcapacity in its coal sector i...Read More
Uber stock is set to start trading on May 10Next week is a monumental one for LYFT Inc (NASDAQ:LYFT). First, the ride-sharing service has its first earnings report as a public company, scheduled for after the close on Tuesday, May 7. Then, fierce rival in the ride-sharing sector Uber (UBER) will go public a week from today. At last check, Lyft stock is down 1.2% to trade at $60.70, after Atlant...Read More
Tech's performance has the Nasdaq rallyingStocks are holding positive territory in midday trading following this morning's impressive jobs report. In fact, the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) are all comfortably higher. While the tech sector is leading the way, energy stocks are also showing strength. However, the major indexes would need to ext...Read More
H.C. Wainwright just started with a "buy" rating and a $23 price targetH.C. Wainwright just initiated coverage on the drugmaker Collegium Pharmaceutical, Inc (NASDAQ:COLL) with a "buy" rating and a $23 price target -- a roughly 60% upside to the stock's current perch at $13.60. The analyst called the firm, which specializes in abuse-deterrent pain treatments, an "undervalued growth story," especia...Read More
Cognizant Technology option bears are cashing in their chipsThe shares of tech concern Cognizant Technology Solutions Corp (NASDAQ:CTSH) are spiraling in early trading, after the firm announced first-quarter earnings below analysts' expectations. The company also nearly halved its full-year sales forecast. As a result, CTSH stock is down 10.2% at $59.82 in early trading, pacing for its worst day s...Read More
CI has shed 16.3% since JanuaryHealth insurance name Cigna Corp (NYSE:CI) is down 0.8% at $159 in this morning's trading, suffering after Goldman Sachs downgraded the stock to "buy" from "conviction buy." The firm's Stephen Tanal shared similar concerns of analysts that responded to the company's first-quarter report yesterday, expressing worry over Cigna's pharmacy benefits profitability followi...Read More
Fastmarkets MB proposes to launch a weekly price assessment of South America import aluminium-zinc alloy coated steel coil, reported on a dollar-per-tonne cfr South America basis.Market participants have been reporting significant liquidity in this market, with steady volumes being traded weekly.Based on the most widely traded product specification, the weekly price assessment for S...Read More
The shares of the two tech giants are higher as a resultFAANG name Amazon.com, Inc. (NASDAQ:AMZN) is in the news today, after Warren Buffett told CNBC that Berkshire Hathaway (BRK.A) bought an undisclosed stake in the online retail giant. The details of the purchase will be revealed in Berkshire's quarterly report of stock holdings.In response, Amazon stock is up 2.1% to trade at $1,940.95. Yeste...Read More
OLED and SHAK are set to hit fresh highsScreen technology specialist Universal Display Corporation (NASDAQ:OLED) is trading up more than 12% before the open, after the company's first-quarter sales came in above estimates. OLED also forecast full-year revenue well above previous expectations, putting the shares on pace to hit a fresh 52-week high today after closing Thursday at $156.60, right near...Read More
Today's payrolls report showed 263,000 new jobs for AprilDow Jones Industrial Average (DJI) futures are soaring in early trading, after a better-than-expected April jobs report. Specifically, the Labor Department said 263,000 new jobs were added last month, topping expectations for an increase of 190,000, while the unemployment rate fell to a 49-year low of 3.6%. Futures on the S&P 500 Index (SPX)...Read More
By: RambusI was going through some old long term charts I haven't posted in many years to see if there was anything of interest to post tonight. With long term charts things don't change very fast and the big picture can stay viable for years. I have literally hundreds of charts for the different PM stock indexes that I've built through the years that are tucked away in different chart lists tha...Read More
By: David HaggithThe highest summit of irrational exuberance ever not seen by those engaging in it makes the perfect peak for the greatest global economic collapse ever not known by those who fell into it.Some days the level of denial in the stock market twists my head into a knot not because I am surprised at lemmings jumping over a cliff because they know all the other lemmings are going t...Read More
We Have a ProblemNo SolutionsFriends Don't Let Friends Buy and HoldDallas, SIC, and ConversationsMy recent letters described what I think the future will look like. I hasten to add, it isn't what I think the future should look like or what I want to see. Almost the entire developed world has painted itself into a corner.It won't necessarily be terrible. I don't expect another Great Depression...Read More