Can you buy gold with Bitcoin? What about other cryptocurrencies? The answer to both questions is a resounding "Yes!"Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world's most highly regarded investment education companies. He is author of the highest selling preci...Read More
China's leading stainless steel mills -Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel - have cut their July tender prices for high-carbon ferro-chrome by 450-500 ($65-72) yuan per tonne month on month on July 3.Tsingshan and Baosteel announced the month on month 450-yuan-per tonne reduction in their July tender prices for high-carbon ferro-chrome earlier in the morning on July 3, with...Read More
The Canadian company will retain exposure to the asset, though, through a royalty. Canasil Resources Inc. (CLZ:TSX.V) announced in a news release it agreed to sell its interest in Sandra-Escobar in Mexico to Pan American Silver Corp.'s subsidiary Plata Panamericana for CA$2 million and a 2% net smelter return (NSR) royalty on the latter's stake in the project."This arrangement provides significan...Read More
The company temporarily stopped drilling to do the engineering work needed for submission. Rise Gold Corp. (RISE:CSE; RYES:OTCQB) announced in a news release the conceptual size and grade of an initial exploration target at its past producing Idaho-Maryland gold project in Northern California and its next steps for moving toward reopening the mine.The company successfully drilled 19 holes over 20...Read More
A description of the properties and how this precious metals company will benefit from their addition are provided in a CIBC report. In a June 27 research note, CIBC analyst Cosmos Chiu reported that SSR Mining Inc. (SSRM:NASDAQ) acquired two past-producing mines adjacent to its Nevada project Marigold for $22 million in cash plus the assumption of $23.1 million in long-term environmental and rec...Read More
Recent drill results and their implications are presented in a ROTH Capital Partners report. In a June 27 research note, ROTH Capital Partners analyst Jake Sekelsky reported that recent exploration at SilverCrest Metals Inc.'s (SIL:TSX.V) Las Chispas in Mexico "confirms previous expectations and sets the stage for further derisking" of the project.Specifically, the Santa Rosa decline hit the high...Read More
Precious metals expert Michael Ballanger discusses the mettle necessary to trade precious metals at this time. "Mettle" the ability to cope with difficulties or to face a demanding situation in a spirited and resilient way.Given the performance of my beloved Gold and Gold Miners in the past month, could there have ever been a more fitting word describing our sector than in the word "mettle"? Inse...Read More
Domestic prices for hollow steel sections in Northern and Southern Europe remained flat this week on a lack of trading, resulting from uncertainty about the region's new import quotas, sources told Fastmarkets on Wednesday July 3.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was ?,?630-640 per tonne ($711-722) per tonne deliver...Read More
Elevated rate-cut expectations fueled buying on Wall StreetStocks ended the abbreviated session with a bang, with the the Dow and S&P settling at record closes -- the latter its third in a row. The Nasdaq also grabbed a record close, thanks to broad strength in the tech sector. There was plenty of economic data to digest, too, the bulk of which boosted expectations for a July rate cut from the Fed...Read More
All three stocks are on the rise todayStocks are on the rise ahead of the early close today for U.S. markets. Three names making notable moves in the abbreviated session are coffee giant Starbucks Corporation (NASDAQ:SBUX), burger chain Shake Shack Inc (NYSE:SHAK), and gold miner Barrick Gold Corp (NYSE:GOLD). Here's how the shares of SBUX, SHAK, and GOLD are trading.Stifel Note Sparks Another Hig...Read More
SGMS put options are cheap as the stock runs into key resistanceA month ago, we profiled Scientific Games Corp (NASDAQ:SGMS) and a flashing bearish signal. Following that June 4 write-up, the stock went on to slide more than 13% into its June 24 low close at $18.08. SGMS shares have since bounced back from those lows -- but heading into the Fourth of July holiday, another short-term sell signal...Read More
The automaker reported extremely strong delivery and production numbers for the second quarterThe shares of automaker Tesla Motors Inc (NASDAQ:TSLA) are soaring this morning, after the company's second-quarter production and delivery numbers shot past Wall Street's expectations and shattered previous records. While the stock is eyeing its biggest swing in over a month, up 6.7% at $239.50, analyst...Read More
Demand for flat steel in Turkey failed to improve in June even after the United States halved its import tariffs for Turkish steel to 25%, market participants told Fastmarkets.And local producers have now filled their order books until late August, they said on Wednesday July 3. Turkish steel prices started to rise on May 17 after US import duties of 50% introduced in August 2018 were cut to...Read More
The equity's 80-day trendline has historically bullish implicationsAutomatic Data Processing (NASDAQ:ADP) stock took a sharp bounce off its 80-day moving average in early June, eventually topping out at a record high of $170.45 just three weeks later. The shares have since consolidated some of these gains, but are once again trading near this rising trendline -- suggesting ADP could be headed back...Read More
MRK's strong technical performance has earned it several bull notes in 2019The shares of Merck & Co, Inc. (NYSE:MRK) have had a huge year, riding the tailwinds from the company's blockbuster cancer drug Keytruda. The drug is one reason another analyst is saying the stock is a buy, with Mizuho beginning coverage with a "buy" rating and Street-high $97 price target. The brokerage note suggested Keyt...Read More
SYMC options are attractively priced at current levelsA big winner on Wall Street this morning is Symantec Corporation (NASDAQ:SYMC), up 15.3% to trade at $25.49, and earlier nabbing a new annual high of $25.53. This comes after a Bloomberg report suggested semiconductor concern (AVGO) was in advanced talks to buy Symantec. An analyst at Wedbush called it a "golden time" for the cybersecurity fir...Read More
Taiwanese and South Korean hot-rolled coil (HRC) producers, as well as major international trading companies, will likely to be hit by new US duties imposed this week on cold-rolled steel imports from Vietnam, market sources told Fastmarkets MB today.Vietnamese corrosion-resistant steel and cold-rolled coils (CRC) produced from South Korean and Taiwanese HRC substrate will face new cash...Read More
The prime reason for the rise in gold is short covering apart from recession concerns. Trade war is here to stay. IMF chief Lagarde moving to lead European central bank chief is also one the possible reason. Investment demand is on the higher side with every rise in gold price. Hopefully silver will now try and catch up with the gold price rally. Opec has expressed concerns over a weak demand....Read More
Disappointing jobs data might mean more fodder for the Fed to cut rates Dow futures are back above fair value this morning, with Wall Street hoping that disappointing private-sector payrolls data might be grounds for the Fed to potentially cut interest rates later this month. ADP reported payrolls growth of just 102,000, falling short of expectations for an increase of 135,000 -- and setting the s...Read More
Linton told CNBC he was firedCanopy Growth Corp (NYSE:CGC) stock is down 3.5% in electronic trading, after the cannabis company said Bruce Linton is exiting his roles as co-CEO and board member, effective immediately. In an interview with CNBC, Linton said he was "terminated," as CGC hands over 100% of the top responsibilities to Mark Zekulin, who had been serving in the co-CEO spot.Should today's...Read More