Shares in Canadian miner Northern Dynasty Minerals (TSX:NDM) were up Wednesday following an agreement announced late Tuesday between its subsidiary Pebble Limited Partnership (PLP) and the Alaska Peninsula Corporation (APC) that lets the company use defined portions of lands to build and operate roads for the stalled Pebble copper-gold-silver project.If the proposed mine makes it through the le...Read More
Link to Slides and Sources: https://www.itmtrading.com/blog/preci...Question 1. Lisa M: Why buy silver and gold if there is a risk of confiscation?Question 2. Timothy G: When I have sold any silver, be it bullion or old coins that I had to liquidate for emergencies, I have no coin stores nearby. I somehow have lucked out by sometimes finding an ad in the newspaper by a local private collector that...Read More
Illegal gold mining is reaching new record highs in Venezuela as hyperinflation, power cuts, as well as food and medicine shortages are pushing citizens to either flee the country or find new ways of survival.UN heritage site famous for green tourism, now home to multiple illegal mines.Arguably the biggest problem facing Venezuelans in their day-to-day lives is the ongoing currency inflation, whic...Read More
Iron ore market participants took caution on Wednesday November 21 amid volatility in paper markets and continued drops in steel prices.MB 62% Fe Iron Ore Index: $74.06 per tonne cfr Qingdao, down $0.59 per tonne.MB 62% Fe Pilbara Blend Fines Index: $73.25 per tonne cfr Qingdao, down $0.59 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $78.06 per tonne cfr Qingdao, down $1.16 per tonne.MB 58% Fe...Read More
The new facility will serve multiple purposes. Lola comparison mapSRG Graphite Inc. (SRG:TSX.V) completed and opened its metallurgical laboratory near the Lola graphite deposit in Guinea, West Africa, it announced in a news release. According to the company, the metallurgical laboratory is equipped for basic graphite assaying via acid wash and the lost-on-ignition method. It contains a sample pr...Read More
A BMO Capital Markets report discussed the progress at this miner's Suriname assets. In a Nov. 13 research note, analyst Andrew Kaip reported highlights from a site tour to IAMGOLD Corp.'s (IMG:TSX; IAG:NYSE) Rosebel gold mine, which was limited due to a wildcat strike at the time. Kaip reviewed the recent and future improvements at the project, which has current reserves of 5.5 million ounces an...Read More
With the new site just 12 miles from an existing project, a ROTH Capital Partners analyst examined the strategic move. In a Nov. 15 research note, ROTH Capital Partners analyst Jake Sekelsky reported Paramount Gold and Silver Corp. (PZG:NYSE.MKT; PZG:TSX) entered into an agreement to purchase the Frost project in Oregon, about 12 miles from its Grassy Mountain site, for $250,000. "The transaction...Read More
A Cantor Fitzgerald report provided an update on this advanced-stage Nunavut asset. In a Nov. 16 research note, Cantor Fitzgerald analyst Matthew O'Keefe reported that in a further derisking event, Sabina Gold & Silver Corp. (SBB:TSX; RXC:FSE; SGSVF:OTCPK) received the final license it needs a type A water license for construction and operation at its Back River gold project in Nunavut.O'Keefe h...Read More
China's ferrous futures increased during morning trading on Wednesday November 21, with sentiment improving, especially when it came to steel contracts.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 3,686 yuan ($531) per tonne, up 63 yuan per tonneJanuary hot-rolled coil: 3,583 yuan per tonne, up 76 yuan per tonneDalian Commodity Exchange January iron ore: 511 yu...Read More
China's rebar prices continued to experience sharp falls on Wednesday November 21 in both the domestic and export markets.Domestic Eastern China (Shanghai): 3,970-4,010 yuan ($572-577) per tonne, down 170-180 yuan per tonneNorthern China (Beijing): 3,800-3,840 yuan per tonne, down 130-140 yuan per tonneThe price of billet plunged by 130 yuan per tonne late on Tuesday followed by another decline of...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
A free tool can help traders bank big this earnings season.We are in middle of Earnings season, which means the time to bank some big wins is now.Tech stocks (AAPL, FB and BIDU) just released Earnings few days ago, and you need to position yourself now in order to make maximum profit from it.One company can help any investor do just that.They've developed a tool that predicts volatility based on...Read More
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 history, we are convinced that p...Read More
Please Note: US markets are closed tomorrow for Thanksgiving and will close early on Friday. CloseGain/LossGold $1225.30+$2.90Silver$14.48+$0.16XAU67.20+3.12%HUI151.58+2.98%GDM551.76+2.35%JSE Gold1149.02+5.37USD96.73-0.08Euro113.84+0.16Yen88.76UNCHOil$54.63+$1.2010-Year3.059%+0.003T-Bond139.875-0.15625Dow24464.69-0.00%Nasdaq6972.25+0.92%S&P2649.93+0.30% The Metals: Gold saw slight losses...Read More
The DJI was up more than 200 points at its session highThe Dow was up more than 200 points at its session high, but erased its lead to turn lower in last-minute trading. On the other hand, the S&P 500 ended higher after a sharp two-day sell-off, and a rebound in tech and a few FAANG stocks helped the Nasdaq outperform its peers. Energy stocks were mostly higher as oil prices bounced, and the batte...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
The brokerage firm initiated coverage with a "buy" ratingCanaccord Genuity initiated coverage on Dolphin Entertainment Inc (NASDAQ:DLPN) with a "buy" rating and $3 price target -- representing expected upside of nearly 119% to last night's close. The brokerage firm said the Florida-based public relations company is poised to take a "small piece of a big pie" in content marketing as streaming heavy...Read More
Both homebuilding stocks are runing into a bearish trendlineThe housing sector recently has been brutalized by weak economic data. As a result, it has put pressure on homebuilding names Toll Brothers Inc (NYSE:TOL) and Lennar Corporation (NYSE:LEN), both pulling back amid the broader market sell-off. And while the two stocks are trading higher today, the selling could be far from over, if history...Read More
Markets 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 not allow those sa...Read More
Bullish attention is the norm for these twoTwo names out of the healthcare sector enjoying upbeat analyst attention today are Tandem Diabetes Care Inc (NASDAQ:TNDM) and Neurocrine Biosciences, Inc. (NASDAQ:NBIX). We're going to take a closer look at shares of TNDM and NBIX below, including how Wall Street is positioning itself on both. For TNDM stock, Baird lifted its opinion to "outperform" and p...Read More