"It's a mess now, but it will be a mess when we come home, too. And we just need to acknowledge that our original mission was to go after those who plottedContinue...Read More
In my latest conversation with 321gold founder Bob Moriarty we discussed a wide range of topics including President Trump and his trade wars to some of Bob's favorite junior miners.Continue...Read More
US "nonfinancial" corporate debt - this excludes debt by banks and by businesses that are not incorporated - rose to a record $15.2 trillion in the fourth quarter, according Continue...Read More
Gold and silver fell Monday as safe-haven assets were once again jettisoned after Trump's trade deal with MexicoContinue...Read More
Steel slab import prices in Asia fell slightly over the past week because of a slowdown in parts of Southeast Asia related to the end of Ramadan, while activity in East Asia was limited by weakness in the downstream hot-rolled coil market.Market participants in the key Southeast Asian import market of Indonesia were away on June 3-7 due the Eid al-Fitr public holiday to mark the end of the Is...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
China's rebar prices continued to fall on Monday June 10 in both the domestic and export markets amid declining futures and intensifying pressure to sell. Domestic Eastern China (Shanghai): 3,870-3,900 yuan ($560-564) per tonne, down 20-30 yuan per tonneNorthern China (Beijing): 3,800-3,840 yuan per tonne, down 40-50 yuan per tonneA price drop in the billet market over the weekend, coupled falling...Read More
The intercepts and their implications are discussed in a ROTH Capital Partners report. In a June 7 research note, analyst Joe Reagor reported that ROTH Capital Partners increased its target price on New Pacific Metals Corp. (NUAG:TSX.V; NUPMF:OTCQX) to CA$3.50 per share from CA$3 on news of positive, high-grade drill results out of Silver Sand in Bolivia. The stock is currently trading at around...Read More
Sector expert Michael Ballanger describes why he has swung from long to short on the precious metals and miners. Before we go any further, let it be known that in the days leading up to this missive, i have gone from "net long" to "net short" on gold, silver and the miners. Those receiving my email blasts and those following me on Twitter (@Miningjunkie) have been put on notice that this advance,...Read More
Bob Moriarty of 321gold deciphers the forces that affect the cost of silver and describes a company he believes is poised to become mid-tier. When we first started 321gold back in 2001 I went to a lot of shows and met most of the players in the resource business. Many of the other writers felt there was something special about silver and it was going to go up far more than gold. My response was...Read More
Both of these developments are in regards to the company's Golden Triangle project. Aben's Forrest Kerr Gold ProjectAben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) announced in a news release it finished a 173 line kilometer airborne magnetic survey that spanned all of the Boundary zone at Forrest Kerr in British Columbia's Golden Triangle. Included in the 2 by 5 kilometer survey was a large collect...Read More
This was the Dow's longest win streak since May 2018The Dow locked up its sixth win in a row, good for its best winning streak since May 2018. President Donald Trump's decision to not implement tariffs on Mexico was met with a universal sigh of relief, while stocks also got a boost after Treasury Secretary Steven Mnuchin tweeted about "candid" and "constructive" trade talk with People's Bank of C...Read More
WYNN is leading the S&P gainers on a bull note from Jefferies The Dow is set to clock its longest rally in over a year today, eyeing its sixth day in the black after President Donald Trump called off his tariff threats against Mexico. Meanwhile, Novavax, Inc. (NASDAQ:NVAX), Vuzix Corp (NASDAQ:VUZI), and Wynn Resorts, Limited (NASDAQ:WYNN) are making major moves today, as well. Below, we'll dig...Read More
Options traders have targeted BYND during the stock's surgeLooking at the stocks that have seen the most option volume in the past 10 days, courtesy of Schaeffer's Senior Quantitative Analyst Rocky White, two names that stick out are Tesla Inc (NASDAQ:TSLA) and Beyond Meat Inc (NASDAQ:BYND). The shares of both TSLA and BYND are making strong moves to the upside today. Starting with TSLA, the stock...Read More
Microsoft said it will use AMD chips in its new Xbox at E3Plenty of buzz has been swirling around 2019 Electronic Entertainment Expo (E3), including Microsoft's (MSFT) new Xbox reveal, which will be powered by Advanced Micro Devices, Inc. (NASDAQ:AMD) chips. As a result -- and ahead of AMD's own E3 appearance later today BofA-Merrill Lynch boosted its AMD stock price target to $40 from $35.Wells F...Read More
The Gold Price began 2019 with a continuation of it's strong December 2018 rally towards resistance at $1300 that was soon overcome propelling the Gold price higher to next resistance at $1350 by Mid February. Since when entered into a shallow downtrend all the way to the recent low of $1269. Which is particularly disappointing given that many Gold bugs had pinned hopes on safe haven demand in the...Read More
Russian steelmaker Metalloinvest will build a terminal for the transfer of hot-briquetted iron (HBI) and iron ore pellets at the port of Ust-Luga, the largest and deepest port on the Baltic Sea, in response to growing demand.Ust-Luga lies west of St Petersburg, on the southern shore of the Gulf of Finland, close to the Russian border with Estonia."Metalloinvest aims to satisfy the growing global d...Read More
And options are attractively priced at the momentWhen President Donald Trump threatened to impose tariffs on Mexico imports last month, it sent Chipotle Mexican Grill, Inc. (NYSE:CMG) gapping lower. However, with the news over the weekend that those tariffs are now delayed, Chipotle stock is up 2.1% to trade at $726.17, and earlier nabbed a three-year high of $730. Plus, a reliable signal is fl...Read More
It’s hard to believe that the massive H&S consolidation pattern we’ve been following for several years began to develop all the way back in 2013 during the initial crash off the 2011 high. This weekly line chart shows the price action closing this week right on the neckline at 1350. Note how many touches the neckline has experienced from below with each one backing off. Now the que...Read More
One equity has quadrupled to all-time highsThe shares of Provention Bio Inc (NASDAQ:PRVB) are at the top of the Nasdaq today, more than quadrupling after the firm reported encouraging data on its diabetes treatment. On the flip side, the shares of Tandem Diabetes Care Inc (NASDAQ:TNDM) are among the worst of the Nasdaq today, even as analysts -- and options traders -- applaud the company's lates...Read More