A recent MarketWatch article notes that:GE was one of Wall Street's major share buyback operators between 2015 and 2017; it repurchased $40 billion of shares at prices between $20 and $32. The share price is now $8.60, so the company has liquidated between $23 billion and $29 billion of its shareholders' money on this utterly futile activity alone. Since the highest net income recorded by the co...Read More
By Jordan Roy-Byrne CMT, MFTA It is very difficult to pick exact bottoms but there are many tools we can use to help us pinpoint potential bottoms. You don't hear technical analysts talk about fundamentals but we do for a reason. Major shifts in the primary trend are supported by fundamental shifts, though they can be very hard to spot until after the fact. Because of our extensive study of h...Read More
By PlungerMr. Market the Great DeceiverMarkets are deceptive...but we all know that. Beyond deceptive, markets are actually down right diabolical. Mr. Market operates through his two most trustworthy lieutenants Mr. Bull and Mr. Bear. He has tasked Mr. Bull to climb and reach the top of the mountain using investors buying power to fuel the rise. But he has also instructed Mr. Bull to no...Read More
By Craig HemkeOn Tuesday, significant gold news was made when the London Bullion Market Association finally began its long-awaited disclosure of gold market size and trading volume. If anything, all their first report revealed was the sheer magnitude of the scam and the fraud that persists in the current system. A summary of the report, along with a brief interview of LBMA CEO Ruth Crowell, can...Read More
The Heart of the Matterby John Hussman of Hussman FundsLet's be clear. October's market decline was a rather mild warning shot. At its lowest close, the S&P 500 lost -9.9% from its September peak, before rebounding in recent sessions. As I noted during the 2000-2002 and 2007-2009 collapses, intermittent "fast, furious, prone-to-failure" rebounds are among the factors that encourage investors...Read More
Mizuho thinks EIX shares are now a buyThe deadly wildfires in California have resulted in a sharp pullback in shares of Edison International (NYSE:EIX). More specifically, the selling essentially began back on Nov. 9, when EIX shares fell more than 12%. The next session the stock traded as low as $45.50 after Morgan Stanley estimated huge losses in utility equipment. The shares have recovered some...Read More
FAANG stocks are leading a pre-market bounceFutures on the Dow Jones Industrial Average (DJI) are on the mend today, up nearly 150 points as the tech sector tries to recover ground following the recent sharp sell-off. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are confidently in the black as well, with FAANG stocks powering the rebound. Elsewhere, investors are digesting a round of...Read More
Evidence of a looming financial crisis may be growing, according to Harry Dent.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and China's recent stock market decline - years before they happened - has issued a new earth-shattering statement:"The Dow is set to embark on a catastrophic plunge...all the way down to 6,000."Harry Dent recently explained: "Nations are...Read More
VANCOUVER, BRITISH COLUMBIA / November 21, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) and Highbury Energy Inc. ("Highbury") are pleased to report completion of a comprehensive study analyzing beneficial gasification routes from Petroleum Coke ("Petcoke") to three products of value: Hydrogen, FT Liquids and Fuel Gas. Each of these products has potential m...Read More
This story first appeared on www.northernminer.com in September 2018STEWART, BRITISH COLUMBIA - Vancouver-based IDM Mining (TSXV: IDM; US-OTC: IDMMF) is steadily advancing its wholly owned Red Mountain gold project in northwestern British Columbia's Golden Triangle region."We are about to have one of the few shovel-ready mines in Canada, and it's going to do the one thing the mining business...Read More
The European ferro-molybdenum market has dropped this week because of slow demand from consumers in the steel sector and from traders, sources told Fastmarkets on Wednesday November 21.Moreover, more price losses can be expected in the near term if consumer demand does not pick up, they added, while suppliers typically try to clear out most of their inventories ahead of the new calendar year.Fastm...Read More
Base metals price changes on the London Metal Exchange were mixed at the close of trading on Wednesday November 21, with positive moves in copper, lead and zinc futures contrary to the continued slide in nickel, while the complex remained broadly impervious to continued strength in the US dollar index.Lead futures improved amid a nine-year low in total LME inventory, rising by 2.2% over the day's...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The latest news and price moves to start the Asian day on Thursday November 22.Base metals price changes on the London Metal Exchange were mixed at the close of trading on...Read More
The latest metal markets news and price moves to start the North American day on Wednesday November 21.The latest metal markets news and price moves to start the North American day on Wednesday November 21.Base metals on the London Metal Exchange were all higher during morning trading, with risk-averse investors capitalizing on lower prices earlier in the week amid a slight downturn in the US doll...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Wednesday November 21.Base metal prices on the Shanghai Futures Exchange were broadly lower during Asian morning trading on Wednesday amid a rise in risk-off sentiment stemming from weakness in global equity markets and a collapse in oil prices.Check Fastmarket MB's live futures report here. M...Read More
Goldand silver investors got a rare bit of good news on the enforcement front lastweek.Atrader from JPMorgan Chase pled guilty to rigging the preciousmetals futures markets.JohnEdmonds admitted to cheating the bank’s clients and plenty of other peoplenaive enough to expect fair treatment on the COMEX and other exchanges. Whilethis is by no means the first time a banker has been caught cheati...Read More
Silverjust moved to its 2018 bottom. Not somewhat above it, not relatively close toit – silver’s Friday’s close of $14.14 equals the previous lowest closing priceof 2018 that was formed on September 14th. That’s not yet abreakdown, but the implications are severe. Silver’sMove to the 2018 Bottom Silver’sdecline means breakdowns (on big volume) below the October...Read More
In the past two years, crude oil has steadilyadvanced, supported by global recovery. But in just 10 days, oil has posted thelongest losing streak since mid-1984 – thanks to overcapacity and the Trumptrade wars. Half ayear ago, crude oil prices were expected to climb from $53 per barrel in 2017to $65 per barrel by the year-end and to remain around that level through 2019.By mid-October, crude...Read More
Our research team warned of this move in Crude Oil back on October 7, 2018. At that time, we warned that Oil may follow a historical price pattern, moving dramatically lower and that lows near $65 may become the ultimate bottom for that move. Here we are with a price below that level and many are asking “where will it go from here?”. We believe the support near $65, althoug...Read More