U.S. production of lithium is set to increase 1,300% in the next 2 years.Who wouldn't be happy with 614% gains in a very short amount of time?Well that's what one lithium mining stock did in just under 12 months. But only Australians could reap the rewards of that slam-dunk.Until now that is. The very same "secret sauce" that led to that stock's meteoric rise is now being implemented here in Ameri...Read More
The minor metals industry is facing turbulent times and increased volatility in all regions, but some things remain constant and there are always new opportunities if you know where to look, says former-chairman of the MMTA Anthony Lipmann. For Lipmann, owner of niche metals company Lipmann Walton and former chairman of the Minor Metals Trade Association, the constants include an "old fa...Read More
The shares are down 38% from their early March peakCitigroup upgraded Marvell Technology Group Ltd. (NASDAQ:MRVL) to "buy" from "neutral," and raised its price target to $19 from $17.30 -- a nearly 24% premium to last night's close. The brokerage firm said Wall Street is discounting the chipmaker's impressive networking sales, and the short-term risk-reward profile looks attractive following MRLV'...Read More
Our team of researchers, at www.TheTechnicalTraders.com, believe the recent upward price move in Gold has reached a level where prices will pause and retrace a bit before the next big leg higher begins.The recent downward pricing pressures in the US and global stock markets have prompted Gold to move well above recent highs near $1242. We predicted this move over 40 days ago with this resear...Read More
Output and sales continued to contract in China's automotive sector, with the rate of decline during the first 11 months of 2018 widening in comparison with that for the first 10 months.The country produced 2.50 million vehicles in November, down 18.9% from a year earlier, while sales fell 13.9% on the year to 2.55 million units, according to the latest data from the China Association of Automobil...Read More
It's the index's first death cross in nearly three yearsWith U.S. stocks wilting in the fourth quarter, the S&P 500 Index (SPX) recently made a "death cross," as many financial media outlets have mentioned. Specifically, the broad-market barometer's 50-day moving average just edged south of the 200-day moving average, typically viewed as a bearish technical indicator. While we recently took a look...Read More
Stocks are modestly higher today, with big moves from PG and GE in focusU.S. stocks are hovering near breakeven today, as traders take a breath after a few frantic days on Wall Street. A big move from Procter & Gamble (PG) is helping the Dow Jones Industrial Average (DJI), while the shares of General Electric (GE) are making a notable rise after a bullish analyst note. Meanwhile, political and tra...Read More
LOW stock is pacing for its fourth straight weekly winThe shares of Lowe's Companies, Inc. (NYSE:LOW) rallied nearly 3% yesterday -- and today, are up 0.4% at $92.46 -- after the company unveiled a new share buyback program at its annual analyst day. The brokerage bunch was quick to chime in, too. RBC and Stifel raised their respective price targets to $105 and $96, while Loop Capital reiterated i...Read More
A long-term bear upgraded GE stock to "neutral"J.P. Morgan Securities analyst Stephen Tusa upgraded General Electric Company (NYSE:GE) to "neutral" from "underweight," marking the first time since May 2016 he's adjusted his rating on the former Dow stock. Tusa also removed GE from his Analyst Focus List as a short idea, even though he maintained his Street-low $6 price target, but noted the broker...Read More
Precious metals expert Michael Ballanger discusses the role of silver historically as well as recent moves in the market. Could there have ever been constructed four finer sentences strung together for the purpose of defining eight items related to money and social standing than the following?"Gold is the money of kings. Silver is the money of gentlemen. Barter is the money of peasants. And debt i...Read More
Our proprietary Fibonacci predictive modeling system is suggesting Natural Gas is about to break down below the $4.30 level and move aggressively toward the $3.05~3.25 level. This could be an incredible move for energy traders and a complete bust for existing longs.This Weekly Natural Gas chart is showing our Fibonacci Predictive modeling system and highlighting the lower support price targe...Read More
PG has rallied hard of its early May lowsThe shares of Procter & Gamble Co (NYSE:PG) are up 0.9% in electronic trading, set to open near a new record high after BofA-Merrill Lynch upgraded the Dow component to "buy" from "neutral." The brokerage firm also lifted its PG price target to $108 from $95 -- a 14% premium to last night's close at $94.03 -- with the analyst in coverage waxing optimistical...Read More
Fewmarkets are as depressed – and, as many analysts argue, suppressed – as silver.Prices for the white metal continue to languish in a low-level trading rangeamidst lackluster demand.Theupshot for investors is that they can nowobtain silver bullion at both a low spot priceand a low premium above spot.Howlong this buyer’s market will is unknowable last. But given silver’sman...Read More
U.S. import prices fell by the most in three years last monthDow Jones Industrial Average (DJIA) futures are trading above fair value this morning, as markets look to extend this week's modestly bullish momentum. Today, attention shifts from U.S.-China trade relations to economic data ahead of next week's December Fed meeting. While weekly jobless claims closed in on a 49-year low-- falling 27,000...Read More
These two retail stocks are set for sharp lossesThe shares of apparel retailers Tailored Brands Inc (NYSE:TLRD) and Oxford Industries Inc (NYSE:OXM) are set for major losses today after the companies' quarterly reports. TLRD stock, for example, is on pace to sink a stunning 25.3% at the open, which would put it at a fresh 52-week low. The price weakness is a result of the Men's Wearhouse parent's...Read More
Previously, I have shown how we could beclose to major financial crisis with the monetary system at the center. Thefollowing chart that shows the ratio of gold to the monetary base was used:The chart shows the ratio of the gold price to the St. LouisAdjusted Monetary Base back to 1918. That is the gold price in US dollarsdivided by the St. Louis Adjusted Monetary Base in billions of US dollars.(fr...Read More
CloseGain/LossGold $1242.90-$3.00Silver$14.77+$0.03XAU68.75+0.17%HUI156.67-0.06%GDM568.86+0.18%JSE Gold1298.65+25.20USD97.07+0.05Euro113.64-0.02Yen88.03-0.31Oil$52.58+$1.4310-Year2.909%-0.005T-Bond143.15625-0.09375Dow24597.38+0.29%Nasdaq7070.33-0.39%S&P2650.54-0.02% The Metals: Gold held near unchanged in Asia before it dipped to $1240.30 in early New York trade and then...Read More
Dear Friend of GATA and Gold:The U.S. Commodity Futures Trading Commission has refused to reply to or even to acknowledge GATA's questions about manipulation of the gold and silver futures markets that are purportedly regulated by the commission.By letters in July and September, GATA asked the commission to explain the explosion in the use of the "exchange for physicals" mechanism of settling go...Read More
By Dave KranzlerThe following is an excerpt from my December 6th issue of the Mining Stock Journal:Trumps Dilemma - The dollar index has been rising since Trump began his war on trade. But right now it's at the same 97 index level as when Trump was elected. Recall that Trump's administration pushed down starting in 2017 to stimulate exports and attempt to cut the trade deficit. The dollar fe...Read More
CRANBROOK, BC / ACCESSWIRE / December 13, 2018 / Eagle Plains Resources Ltd. (TSX-V: "EPL") has completed a tri-party agreement with Tarku Resources Ltd. (TSX-V:TKU) and Denison Mines Corp. (TSX: DML; NYSE American: DNN) whereby Denison Mines has purchased the 1,334 hectare Virgin River property which is contiguous with Denison's South Dufferin Project located immediately south of the Athabasca...Read More