Investing in gold & silver can protect your wealth against paper money. Kevin DeMeritt joins Robert & Kim to discuss the role gold & silver plays in investment strategies and how it has historically performed remarkably well.Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His book titles hold four of the top ten spots on Nielsen Bookscan...Read More
Contact Gold Corp. (TSX-V: C) has completed its previously announced public offering, raising C$4 million. Shares of the company jumped by more than 13% on Wednesday morning. Its market capitalization now stands at about C$12.7 million.The funds will be used to conduct further drilling at Contact Gold's flagship Pony Creek project in Elko County, Nevada, as well as to explore other properties, the...Read More
The Government of Canada's Qu?(C)bec province announced on Wednesday that it will invest C$1.75 million (about $1.27m) to connect Newmont Goldcorp's Eleonore mine facilities to the existing regional fibre optic network. The project will enable Newmont Goldcorp to continue advancing its vision to create mine 4.0- an interconnected mine of the future. The connection, which will help optimi...Read More
Gold miners must focus on maximising returns and more mergers to attract investors seeking to diversify after years of under-investing in mines, Barrick Gold's chief executive said on Wednesday."The industry is in decline and we have put ourselves in a very a tight spot because we haven't invested in exploration and our future," said Mark Bristow, who took the helm in January at Barrick after its...Read More
Zimbabwe's mining sector was subdued in the first quarter due to a severe dollar crunch that affected production, with gold the most hit, the mining chamber said, adding some bullion miners had experienced recently introduced power cuts.Mining generates most of the export earnings for the southern African nation, which faces a severe shortage of dollars that has led to a scarcity of fuel and medic...Read More
The Philippines has passed a law exempting gold sales by small-scale miners to the central bank from excise and income taxes to beef up the country's foreign exchange reserves and prevent smuggling, the Bangko Sentral ng Pilipinas said on Wednesday.Philippine President Rodrigo Duterte signed the law into effect on March 29, the central bank said in a statement.By law, all gold produced by small mi...Read More
Import prices for stainless steel in East Asia have declined over the week ended on May 22 because of limited buying interest amid the heightened trade tensions between China and the United States.China declared that it would impose duties on $60 billion worth of US goods from June 1 in retaliation to US president Donald Trump's announcement that the US would raise tariffs on $200 billion worth of...Read More
Rise Gold (CSE: RISE) reported this week that the exploration drill program the company is carrying out at its Idaho-Maryland project intercepted high-grade gold mineralization in multiple vein structures downdip from historic workings.The past-producing high-grade Idaho-Maryland gold mine is located near Grass Valley in northeastern California.Historical records state that the mine produced a tot...Read More
Australia's largest gold producer, Newcrest Mining (ASX: NCM), will begin in June the most extensive drilling program to date at Greatland Gold's (LON:GGP) Havieron gold-copper project in the Paterson region of Western Australia.The exploration activities, part of a joint venture the two companies signed in March, aim to define the extent of mineralization along strike and at depths to 1,000m be...Read More
Barrick Gold's subsidiary Acacia Mining (LON:ACA) condemned its parent company on Wednesday for keeping it out of discussions with the government of Tanzania about a long-running row over outstanding tax claims.Acacia's comments come on the heels of the Canadian gold giant's bid to take full control of the company, which is Tanzania's No. 1 gold miner.Toronto-based Barrick has proposed to buy the...Read More
Sector expert Michael Ballanger discusses the demotivating effects of current market trends. With great apology, I am late with this week's missive largely due to the arrival of boating season and the fierce need to secure a new vehicle, which should have taken (only) two days but didn't. Having arrived at the marina on Friday evening, I expected a rather smooth transition as it was the first ye...Read More
Bob Moriarty of 321 Gold discusses the project this small-cap miner has acquired out of Midway's bankruptcy. I first wrote about Viva Gold Corp. (VAU:TSX.V; VAUCF:OTCBB) exactly a year ago. The price of gold was about $1300 and the price of a share of Viva was about $0.32. Now gold is $1280 and Viva is still at $0.32. The company has an interesting story and while the price of the shares and gold...Read More
Domestic prices for hollow steel sections in Europe were unchanged this week as the market considered mill proposals to increase prices despite further falls in feedstock costs, sources told Fastmarkets on Wednesday May 22.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was unchanged week on week at ?,?600-630 ($669-703) per tonn...Read More
Renewed trade fears had the Dow suffering, tooThe Dow took a hit today by big losses from Home Depot (HD) and Apple (AAPL). Renewed trade worries and a suffering retail sector sparked selling on the S&P, as well, while the tech-heavy Nasdaq was dragged lower by Apple supplier Qualcomm (QCOM). The release of the Federal Open Market Committee's (FOMC) May meeting minutes failed to ignite excitement...Read More
All three retailers are seeing analyst attention after earningsMarkets are moving lower this afternoon, with retail stocks at the forefront of headlines. Three big names in the sector to watch today are TJX Companies Inc (NYSE:TJX), Nordstrom, Inc. (NYSE:JWN), and J C Penney Company Inc (NYSE:JCP). Below, we will dive into what is moving the shares of TJX, JWN, and JCP.TJX Stock Sees Fresh Wave...Read More
CMG stock hit a three-year peak in Monday's tradingChipotle Mexican Grill, Inc. (NYSE:CMG) staged an impressive rally off its late-December lows near $383, rallying all the way up above $721 by April 9. CMG's short-lived pullback from here found support at its 50-day moving average, and a more recent bounce from the rising trendline sent the shares to a three-year peak of $727 on May 20. The burri...Read More
The bullish signal flashing for GLUU stock has never been wrongThe gaming concern Glu Mobile (NASDAQ:GLUU) has seen a dramatic climb this year, before plateauing right beneath itshigh of $11.75 on April 5. The stock managed a brief bounce off a familiar floor at the 40-day moving average, but wound up gapping beneath the trendline, following a first-quarter earnings flop. There might still be hope...Read More
The shares have muscled above their YTD breakeven markUnitedHealth Group Inc (NYSE:UNH) shares hit a year-to-date low near $208 on April 17, as concerns over potential policy changes sent the broader healthcare sector spiraling. The Dow stock has since recovered, last seen trading at $249.84 -- just a hair above its Dec. 31 close at $249.12.Another close above here would mark the equity's second s...Read More
Troubled UK long steel producer British Steel has been placed into compulsory liquidation following an order from the UK high court, the UK official receiver, part of the UK's Insolvency Service, said on Wednesday May 22."The company in liquidation is continuing to trade and supply its customers while I consider options for the business. Staff have been paid and will continue to be employed," a st...Read More
Our continued efforts to alert and assist fellow traders to the incredible setups that are currently happening throughout the globe with regards to increased global economic tensions are starting to take root. We are hearing from our readers and follower and we love the comments we are receiving. Near April/May 2018, we started predicting that the end of 2018 and almost all of 2019/202...Read More