Paulson & Co. won some support from a prominent shareholder advisory firm for replacing three members of Detour Gold Corp.'s board, including its chairman, after nominating eight candidates.The recommendation by Glass Lewis & Co. on Tuesday was slightly more forceful than the stance taken by advisory firm Institutional Shareholder Services Inc. on Friday, when it urged shareholders to back Detour'...Read More
BENGALURU - Palladium is more valuable than gold for the first time since 2002, with prices soaring by around 50 percent in less than four months to record levels - just as gold failed to capitalize on some seemingly bullish scenarios.A sustained supply deficit coupled with robust demand and rising interest from speculators have pushed prices of palladium - used mainly in emissions-reducing cataly...Read More
Altamira Gold Corp. (TSXV: ALTA) reported that it has submitted an application to expand to 300,000 hectares its land position at the Firminho project, located within the Alta Floresta Belt in Mato Grosso, west-central Brazil.Such expansion would be reached by adding new claims that occupy over 70,000 hectares and lie on the northern margin of the belt close to the contact with the sediments of th...Read More
Brazil's outgoing President Michel Temer launched Wednesday a new regulatory agency for the mining sector, linked to the Ministry of Mines and Energy, aimed at making the country's industry more competitive and sustainable.The National Mining Agency (ANM), which replaces the previous National Department of Mineral Production (DNPM), has been tasked with "promoting the management of the mineral res...Read More
WE SUGGEST THAT YOU READ THIS ARTICLE THOROUGHLY AS WE WILL SOON COMMENCE A STRONG BULL MARKET IN MANY GOLD STOCKS AND EXPLORATION STOCKS...... Profits are vital to any business. With that in mind, we want to point out that there has been a dramatic change in the profitability of the brokerage industry.True "market makers" (or specialists) are a thing of the past and this has a tremendous impact...Read More
Chris McFadden, CEO of NxGold, sits down with Maurice Jackson of Proven and Probable to discuss his company's exploration efforts on two continents.Proven and Probable: Joining us today is Chris McFadden, the president, CEO, and director of NxGold Ltd. (NXN:TSX.V), where the focus is on high-grade gold in world-class districts. Mr. McFadden, in our previous interview, we conducted a thorough, comp...Read More
Thibaut Lepouttre of Caesars Report profiles a company active in Portugal that uses the prospect generator model.Explaining the prospect generator modelAvrupa Minerals Ltd.'s (AVU:TSX.V; AVPMF:OTC: 8AM:FSE) business model is quite simple: after adding projects to its portfolio, it tries to get them to a drill-ready stage where after it starts looking for a joint venture partner to do the heavy lif...Read More
Hollow steel sections prices in Europe were stable this week but lower feedstock costs and a reduced import quota limit could bring about a significant change, market participants said.Fastmarkets MB's domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was an unchanged ?,?635-650 ($722-739) per tonne delivered on Wednesday December 5.The hollow...Read More
Could this be 9 times more valuable than Google, Facebook, and Amazon combined?It's a gadget you could conceal in the palm of your hand. A gadget that could easily pass through airport security. A gadget that could be mass produced quickly.And a gadget that holds the technology set to blow the lid off a breakthrough $15 trillion tech revolution...Of course, this gadget could stand to make a lot of...Read More
CROX nabbed a multi-year high yesterdayCrocs, Inc. (NASDAQ:CROX) started December off strong, nabbing a seven-year high of $29.80 yesterday. The good times could keep rolling for the shoe retailer, as history suggests CROX shares could be headed even higher in the coming month.Specifically, the stock's Schaeffer's Volatility Index (SVI) of 49% ranks in the 15th percentile of its annual range. Th...Read More
The shares are trading near a historically bullish trendlineTwitter Inc (NYSE:TWTR) rallied hard off its early April lows near $27, eventually topping out at a three-year high of $47.79 in mid-June. The stock has pulled back sharply since then, and after last Thursday's 4.4% plunge following reports that Fox News was boycotting Twitter, is once again testing its 320-day moving average. This could...Read More
U.S. stock markets are closed to honor President George H.W. BushU.S. stock markets are shuttered for a national day of mourning for President George H.W. Bush, who last week passed away at the age of 94. The last time Wall Street was shut down to honor someone was Jan. 2, 2007, after President Gerald Ford died. So, do these planned, non-holiday respites tend to invigorate stock market bulls, or j...Read More
The options market is pricing in a larger-than-usual post-earnings move for ULTA stockIt's been a pretty quiet stretch for Ulta Beauty Inc (NASDAQ:ULTA) stock, per its 60-day historical volatility of 26.7% -- in the 22nd annual percentile. The options market is bracing for big swing on Friday, after the cosmetics retailer takes its turn in the earnings confessional after the market closes tomorrow...Read More
Kroger will report earnings before tomorrow's openAlthough the stock market is closed today, things will pick back up tomorrow. Kicking things off bright and early will be Kroger Co (NYSE:KR), set to release its third-quarter report before the market opens Thursday, Dec. 6. Ahead of the event, options traders have been targeting calls, and anticipating another big post-earnings move.Looking at K...Read More
How you can transform lagging indicators into leading indicators. From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of the trading world's constant need to stay ahead of the curve since the first exchange opened its door over 200 years ago.After all, every trader is always looking for an edge... Some way to predict what will happen next... And hopefully...Read More
- Gold's "setup" is "similar to natural gas before its big rally"- Gold is gaining favour over stocks, bitcoin and cryptos- Metals may be primary beneficiaries of imminent greenback peak- Silver "appears ready for a potential longer-term recovery"- GoldCore editors note: Natural gas is 56% higher year to dateby Bloomberg Intelligence (appeared first on the Bloomberg Terminal)Metals should be pr...Read More
Brazilian apparent steel use will be higher than previously expected during 2018 and is estimated to grow again in 2019 while the industry moves on from a crisis with better economic prospects, local steel association A??o Brasil said on Wednesday December 5.Steel products consumption is set to reach 21.17 million tonnes this year, up by 5.3% from 19.57 million tonnes in 2017. Apparent use will th...Read More
Brazilian apparent steel use will be higher than previously expected during 2018 and is estimated to grow again in 2019 while the industry moves on from a crisis with better economic prospects, local steel association A??o Brasil said on Wednesday December 5.Steel products consumption is set to reach 21.17 million tonnes this year, up by 5.3% from 19.57 million tonnes in 2017. Apparent use will th...Read More
By Jp CortezThe Great Recession, coupled with the "Ron Paul Revolution," prompted a renaissance of the sound money movement in the United States.As Germany, Russia, and China -- to name a few -- continue to increase their gold holdings, the hegemonic power of Federal Reserve Notes (referred to today as the dollar) is slowly slipping away.Simultaneously, whispers once relegated to fringe corners...Read More
Miles Franklin sponsored this article by Gary Christenson. The opinions are his.Official US national debt exceeds $21 trillion. National debt increases over $3 billion per day.Another day older and $3 billion deeper in debt!The U.S. government pays the interest by issuing new debt. But that new debt increases total debt and (eventually) drives up interest rates, which requires more borrowing to...Read More