Solgold's (LON, TSX: SOLG) stock took another hit on Thursday, the day after submissions for a public hearing were heard in Ecuadorean Constitutional Court regarding the proposed referendum on mining in the provinces where the Australian miner's 85% owned Cascabel project and other wholly owned exploration projects are located. Solgold holds 72 mineral concessions in Ecuador through four...Read More
If push comes to shove, one of the world's largest gold miners is prepared to do an end run around the U.S. should President Donald Trump's threatened tariffs on Mexican goods bite.Agnico Eagle Mines Ltd. currently produces about 300,000 ounces of gold in Mexico that it refines in the U.S., all of which would likely be subject to the proposed tariffs, Chief Executive Officer Sean Boyd said Wednesd...Read More
Facebook will announce its cryptocurrency sometime this June, and will even allow employees working on the cryptocurrency to take Continue...Read More
The United States is the only arms supplier to Taiwan, a nation-state China considers to be under its controlContinue...Read More
* Fed has "disproportionate" impact on emerging economies -Carney * Poorer nations must ensure central bank independence, curbdebt * Regulators eyeing redemption terms for illiquid investmentfunds (Adds detail from speech, context)By Stanley White and Leika KiharaTOKYO, June 6 (Reuters) - Central bankers in the UnitedStates and other rich nations should take more account of theimpact the...Read More
The transaction will enhance this company's nearby existing project. Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced in a news release it entered into an agreement to acquire the Goldstorm project from Mountain View Gold for 25,000 Seabridge common shares.Goldstorm, which consists of 134 mining claims and 1,160 leased acres (about 3,900 acres in all), is in the Northern Nevada Rift (NNR) and...Read More
The precious metals explorer will conduct more grab sample testing there soon. Gooseberry ProjectAmerican Pacific Mining Corp. (USGD:CSE; USGDF:OTC) announced in a news release that assays from grab samples at Gooseberry were encouraging, showing high silver and gold grades.Gooseberry is the past-producing project in Storey County, Nev., which American Pacific recently acquired via staking. "The...Read More
Recent drill results and their implications were addressed in a BMO Capital Markets report. Pretium's Brucejack MineIn a June 5 research note, BMO Capital Markets analyst Andrew Kaip reported that Pretium Resources Inc.'s (PVG:TSX; PVG:NYSE) recent drill results lead one to ask whether the company "should accelerate exploration to begin outlining the eastern resource potential of the Valley of th...Read More
Import prices for stainless steel in East Asia declined slightly over the past week amid lackluster demand and expectations of further price decreases later this month."Demand for stainless steel in China usually falls in the summer months starting in June, possibly due to weaker downstream demand," a trader in East China said."With the price of nickel trending downward, stainless steel prices are...Read More
* Rates to stay at current levels through H1 2020 * Rates cuts, more QE were discussed as contingency measures * Best TLTRO rate 10 basis points over deposit rate * New economic forecasts see slower 2020, 2021 (Adds more details, comments)By Balazs Koranyi and Francesco CanepaVILNIUS, June 6 (Reuters) - The European Central Bank onThursday ruled out raising interest rates in the next year andeven...Read More
This was the Dow's third straight triple-digit gain and longest win streak since MarchThe Dow nabbed itsfourth straight win today-- it's longest winning streak since mid-March -- and third triple-digit gain in a row. Wall Street is still cheering Fed Chair Jerome Powell's dovish comments from Tuesday, and stocks got a last-minute boost today from a Bloomberg report that indicated the U.S. may post...Read More
XLF has surged over 20% during the past six monthsWith mixed expectations around the Fed's next move, alongside a warning on increased trade disputes coming from the International Monetary Fund (IMF), the Financial Select Sector SPDR Fund ETF (XLF) has been drawing increased attention, specifically in the options pits. XLF has had a notable year on the charts, now up more than 23% from its Decembe...Read More
One trader may have initiated a long strangle in the January 2020 seriesFlex Ltd (NASDAQ:FLEX) is seeing accelerated options trading today, as the stock moves higher on a new bull note. With about an hour left in the session, around 7,300 calls and 6,750 puts have changed hands on FLEX, three times what's typically seen at this point, and volume pacing in the elevated 98th annual percentile.Most o...Read More
A subsidiary of the media firm was slapped with a credit rating downgradeEros International plc (NYSE:EROS) stock is at the bottom of the New York Stock Exchange (NYSE) today, after CARE Ratings lowered its credit rating on Eros International Media Limited, a subsidiary of the Mumbai-based movie company, to D from BBB-, citing "ongoing delays/default in debt servicing." While EROS responded, sayin...Read More
Traders more than doubled their money on Schaeffer's recommended putSubscribers to Schaeffer's Weekend Trader Alert newsletter just more than doubled their moneywith our Box Inc (NYSE:BOX) June 22 put option recommendation. Below, we'll explain how this options trade more than surpassed its expected target, leaving the stock's options traders with a big win.When we initially recommended the put t...Read More
INSY's implied volatility has spikedThe volatile year is continuing for Insys Therapeutics Inc (NASDAQ:INSY), with the shares soaring 20.7% today to trade at $1.04, earlier getting halted for volatility after a more than 80% surge. This price action follows news from last evening of the company's $225 million settlement with the federal government, while today it was announced that Chairman Steven...Read More
Dr. Chris Martenson PhD & Chris Waltzek PhD - June 4th, 2018. * Download MP3 formatHighlightsDr. Chris Martenson of PeakProsperity.com, author of Prosper! notes the global "everything bubble." Virtually every asset class was inflated by profligate monetary policies and various fiat schemes. The global economy could be on the cusp of a 2nd Great Recession due in part to protectivist trade...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday June 6 that are worth another look.A potential global ban on internal combustion engines in 2030 could facilitate growth in nickel's share of the electric vehicle battery market to 80%, Al Bedwell, of automotive intelligence provider LMC Automotive, said at the 7th International Nickel Conference on Thursday June 6. A grou...Read More
MostAmericans take food abundance for granted. Grocery store shelves are alwaysstocked, and America’s agricultural sector always grows more than enough corn,wheat, and soybean crops to keep the food production system humming alongsmoothly.Thatall could change as abruptly as the weather. In fact, historically wetconditions throughout the Midwest have put this year’s spring planting inje...Read More
Although oil prices and Treasury yields have been falling an anticipation of a widely advertised economic slowdown in Europe and China, U.S. stocks are rising as though boom times lie ahead. What is going on?? It would appear that bulls simply cannot control themselves when there is talk of Fed easing. The prospect of QE3 has been in the news lately, driving a short-covering rally that has p...Read More