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
Crude Oil and Industrial Metals continue downward. This is significant per this NFTRH monthly chart showing these items and the broad CRB itself having hit trend lines from the 2008 highs. These pullbacks from long-term trend lines are notable and qualify cyclical commodities as risk indicators for the cyclical macro. Here is oil’s weekly view. Key support was lost last week as noted in this...Read More
The recent weakness in Gold and gold mining stocks is not over. In fact, we are worried about another leg down getting underway. If that comes to pass, we are positioned to profit from it. But I digress.Long-term oriented investors and speculators should be aware of the near term trends but they should also be aware of the conditions that will lead to a shift from a bear market to a bull market.He...Read More
“We are in a bond market bubble that’s beginning tounwind.” This is the statement of Alan Greenspan. Is heright? We invite you to read our today’s article about the US bond market andfind out whether it is in bubble or not – and what does it all mean for theprecious metals market. Bond yields are inan upward trend since 2016/2017. And they hit the accelerator aga...Read More
Will you listen to me?Will you buy the stock I recommend in this issue?I hope so… because we have a realistic shot to make roughly 140% on our money in just a few months.Stock markets don’t often hand us opportunities like this. I study markets for a living and I see one setup like it a year, max. But I know there’s a good chance you won’t take advantage of this opportunit...Read More
US mid-term elections are behind us. Surprisingly,both parties won! How is it possible? Let’s read our article and find out! Wewill also explain what the election results imply for the world and the goldmarket.DemocratsWinThe elections were very interesting. We provide youwith the key takeaways, focusing on the possible implications for the preciousmetals. First, Democrats took control ofthe...Read More