The Federal Reserve has decided not to come to the rescue this time. All of the economic numbers tell us that the economy is slowing down, and on Wednesday Fed Chair Jerome Continue...Read More
It seems that every time we look at the legal maneuverings that reflect upon President Donald Trump, the allegations of unlawful behavior by him add up. We know that two Continue...Read More
Nighthawk Gold is eagerly awaiting the construction of a 97 km all weather, gravel road from about 40 km south of Behchoko to the community of Whati. The company's flagship Indin Lake exploration project would benefit from a shortened ice road to the site.The Indin Lake property includes the former Colomac gold mine that produced more than 525,000 oz. of gold in the 1990s. Nighthawk acquired the m...Read More
Gold will likely end the year with its first annual loss in three years, but sentiment for the yellow metal has improved in recentContinue...Read More
A Wisconsin district court has dismissed a lawsuit by the Menominee Indian Tribe of Wisconsin's lawsuit against both the United States Environmental Protection Agency and the U.S. Army Corps of Engineers that alleges they should have presided over Aquila Resources' (TSX: AQA; US-OTC; AQARF) wetlands permit application for its Back Forty Creek polymetallic project in Michigan.The Michigan Departm...Read More
Bravada Gold (TSXV: BVA) (OTCQB: BGAVF) today announced an option/joint venture agreement has been fully executed with OceanaGold, giving the company the option to earn up to a 75% interest in Bravada's Highland gold-silver project in Nevada's Walker Lane Gold trend.The Highland project consists of 102 Federal lode claims for a total of approximately 825 hectares and is located along the Walker...Read More
Joint venture partners AngloGold Ashanti (JSE:ANG) (NYSE:AU) and Independence Group (IGO) said Thursday a pre-feasibility study shows underground mining at their Tropicana gold mine in Western Australia is technically and financially viable.As an underground mine, Tropicana could produce around 100,000 ounces of gold a year for about seven years.Once converted into an underground mine, Tropicana...Read More
Ferrous futures in China fell during morning trading on Thursday December 20, apart from the iron ore contract which posted small gains during the session.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,433 yuan ($498) per tonne, down 13 yuan per tonneMay hot-rolled coil: 3,438 yuan per tonne, down 22 yuan per tonne Dalian Commodity Exchange May iron ore: 490.50 yua...Read More
Visit our site www.Montrealanalyst.com for our view on the stock market which suggest that investing in the most undervalued stocks in the most undervalued sector, mining stocks will soon reward their investorsRead More
Rudi Fronk and Jim Anthony, co-founders of Seabridge Gold, discuss the markets in the aftermath of the Fed's interest rate decision. On Wednesday, the Fed raised the Fed Funds rate by a quarter point as expected. The FOMC statement was suitably "dovish" by reducing the consensus forward guidance on future rate hikes from three to two. The Fed also signalled that its Quantitative Tightening progra...Read More
Sector expert Michael Ballanger examines the effects of the Federal Reserve Bank interest rate increase and plans for 2019. Federal Reserve Building"Gold is the money of kings. Silver is the money of gentlemen. Barter is the money of peasants. And debt is the money of slaves."Here are a couple of facts one needs to remember when attempting to decipher yesterday's Federal Open Market Committee (F...Read More
Dan Weir, executive chairman of DNI Metals, speaks with Maurice Jackson of Proven and Probable about the progress his company has made with its graphite project in Madagascar, as well as developments with its Alberta project. Maurice Jackson: Joining us for a conversation is Dan Weir, the executive chairman of DNI Metals Inc. (DNI:CSE; DMNKF:OTC), which is establishing itself to become one of the...Read More
Oil prices also fell to an annual lowThe recent selling pressure intensified today, with the Dow and S&P touching new annual lows, and the Nasdaq briefly entering bear-market territory -- defined as 20% off its all-time high. Lingering concerns about the Fed and plummeting oil prices weighed on stocks, while a standoff in Washington, D.C. fueled fears of a government shutdown. Specifically, Presid...Read More
Investors seem way too enamored of this "value" telecom nameThe financials, "fundamentals," and technicals for AT&T (NYSE:T) come down to -- Good: 6.6% dividend yield. Bad: Crushing $185 billion debt load, shares that peaked (without subsequently looking back) in 1999, and a business that has piled one costly acquisition on top of another and still cannot grow. Ugly: The accompanying chart (which...Read More
December as usual. Another Fed hike is behind us. Will we now see a rally in gold in January?Fed Hiked But It Will Monitor RisksYesterday, the FOMC published the monetary policy statement from its latest meeting that took place on December 18th-19th. In line with the expectations, the US central bank raised the federal funds rate by 25 basis points to the target range of 2.25 to 2.50 percent (it w...Read More
CloseGain/LossGold $1261.00+$19.00Silver$14.77+$0.19XAU69.79+4.78%HUI158.49+4.97%GDM576.83+3.08%JSE Gold1344.82-10.71USD96.34-0.72Euro114.57+0.85Yen90.12+0.82Oil$45.88-$2.2910-Year2.804%+0.024T-Bond144.71875-0.3125Dow22859.60-1.99%Nasdaq6528.41-1.65%S&P2467.42-1.58% The Metals: Gold gained $24.30 to a new 5-month high at $1266.30 by early afternoon in New York before it c...Read More
Jingle bells have not rung for any investment class towards the close of the year. We all read about heaven and hell on our religious books. In the "Kaalyug" (technological age as per Hindu scriptures), most of the people go to hell as they perform more bad deeds than good deeds. In financial language heaven is profit and hell are investment and trading losses. Most of us go to hell as we incur...Read More
AES stock could rally after testing support at its 80-day moving average, if past is precedent Despite a recent pullback, shares of AES Corp (NYSE:AES) are still up 35.5% year-to-date, and has outperformed the S&P 500 Index (SPX) by more than 25 percentage points in the past three months. Plus, the utility stock just met up with its 80-day moving average -- a sign that, if history is any indicator...Read More
Shares of ADMA, SPPI, and DBVT are crashingStocks are again falling to new lows today, as headlines point to a potential government shutdown. Looking at the Nasdaq in particular, three of the worst performers are ADMA Biologics Inc (NASDAQ:ADMA), Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI), and DBV Technologies (NASDAQ:DBVT). We'll take a closer look at the shares of biotech stocks ADMA, SPPI, an...Read More
Analysts were unusually upbeat toward the struggling cruise nameSubscribers to Schaeffer's Weekly Options Trader service scored a 118% profit with the Carnival Corp (NYSE:CCL) weekly 12/14 62-strikeput we recently recommended. We'll take a closer look at why CCL stock appeared on our bearish radar, and how the winning options trade unfolded.When we entered the position on Friday, Nov. 30, the crui...Read More