Eric Sprott discusses the factors driving precious metals and mining shares higher. He also looks ahead to next week's FOMC meeting and interest rate announcement.Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001...Read More
Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately predicted Japan's collapse in 1989, the d...Read More
"We're making sure that General McKenzie and the central command has the resources and the support that they need to conduct their missions," Continue...Read More
"They're paying hundreds of billions in dollars. I have 25% on $250 billion ... They're manipulating their currency in order to pay for it," Continue...Read More
Continue...Jeffrey Gundlach is the Chief Executive Officer and Chief Investment Officer of DoubleLine Capital. He is recognized as an expert in bond and fixed income investments. His investment strategies have been featured in leading publications from around the world In 2013, he was named "Money Manager of the Year" by Institutional Investor. He is a graduate of Dartmouth College summa cum laude...Read More
European stainless steel prices have been largely stable this week despite coming under pressure from a number of market factors, with mills seeming determined to avoid any erosion of their production margins, sources told Fastmarkets on Friday June 14.Fastmarkets assessed the price of grade-304 cold-rolled (CR) stainless steel sheets at ?,?2,190-2,250 ($2,472-2,539) per tonne delivered in Norther...Read More
For several years we have said on both the Montrealanalyst.com and Canadianmineanalysis.com sites that there had been a meeting of major bankers (banksters) about five years ago in a major U.S east coast city. At that meeting they decided that it was necessary (vital) to keep the price of the gold bullion under the $1300 or so per ounce range. Manipulation was put into the "plan" and they are mast...Read More
The transaction has closed and the acquirer's first payment already made.Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQB) announced in a news release that through its subsidiary Nevada Select Royalty Inc., it formally gave Goldcliff Resource Corp. the option to buy its Rand property in Nevada for $250,000. The deal closed on June 12, 2019, and Goldcliff exercised its option.The Rand asset, compris...Read More
Eastern China's Shagang has lowered the list prices for its rebar and wire rod booked and shipped in mid-June. The mill is selling its HRB400 16-25mm rebar at 4,070 yuan ($588) per tonne over the June 11-20 period, down 180 yuan per tonne from its last...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 250,11465,87659,835137,719339,746447,668465,457 Change from Prior Reporting Period 9,637-18,4862,9375,20234,65317,77619,104 Traders 19272665756280167 Small Speculators LongShortOpen Interest 48,99531,206496,663 -2,608-3,93615,168 non reportable positionsC...Read More
By: Ira EpsteinGold $1,360's zone resistance - but geo-politically, triggers exist:Read More
We take great pride in our research team’s ability to make accurate predictions and calls in the markets. In addition to the many predictions and calls we’ve made over the past few years, our Gold prediction from October 2018 continues to astound many industry professionals. We receive emails from people asking how we were able to make such an incredible call in Gold 6 to 8...Read More
The Silver price reluctantly followed the Gold higher early in the year to a late February peak of $16.20, following which it abruptly gave up all of its hard won gains for the year by making a new low early March at $15, breaking the preceding low of $15.45 and thus entering into a downtrend of a series of lower highs and lows where it remained until the Gold price came alive at the end of May 20...Read More
The DJI staged a valiant eleventh-hour rebound, but it wasn't enoughThe Dow was down 118 points at its session low, and despite a late-stage jump into positive territory, still ended in the red. The index couldn't shake offheadwinds from a recoiling chip sector, subpar Chinese manufacturing data, and a smaller-than-expected increase in May retail sales. The S&P 500and Nasdaq also closed lower, bu...Read More
China's finished steel exports fell in May on both a year-on-year basis as well as when compared with the preceding month. The country shipped 5.74 million tonnes of finished steel abroad last month, down 16.5% from a year earlier, according preliminary Chinese customs data released on Monday June 10.Last month's exports are also...Read More
A quick look at recent IPO news and movesThere has been a lot of initial public offering (IPO) action recently, so with the week coming to an end, we wanted to take a look at some of the names making moves recently. Starting in today's trading, Chewy, Inc. (NYSE:CHWY) is taking off in its first session, up 58.6% at $34.90. The online pet supplies retailer priced its IPO at $22 per share, and trade...Read More
U.S. consumer inflation has moderated recently. Trade wars go on. What the Fed will do now? Let’s not forget the recent ECB monetary policy meeting. It carries implications for both EUR/USD and gold. Just what are they? Inflation Slows Down in MayThe CPI rose just 0.1 percent in May, following an increase of 0.3 percent in April, the government said on Wednesday. It was the smallest hike sin...Read More
Ashford Hospitality is eyeing its worst day in nearly eight yearsMarkets are slightly lower today after Apple supplier Broadcom (AVGO) issued a revenue warning. Several other stocks are making noise today, too, including biopharma company ArQule, Inc. (NASDAQ:ARQL), travel agency Bluegreen Vacations Corporation (NYSE:BXG), and real estate name Ashford Hospitality Trust, Inc. (NYSE:AHT).Here's...Read More
Subpar inflation data was in focus ahead of next week's Fed meetingIt was a volatile week for stocks, though the major market indexes are pacing for a second straight weekly win. Traders were bursting with optimism on Monday, with the Dow clocking its sixth consecutive win -- the longest win streak in over a year -- after President Donald Trump backpedaled on his tariff threats against Mexico. How...Read More
Guggenheim says to buy the stock's dipGlobal Blood Therapeutics Inc (NASDAQ:GBT) stock is down 10.1% to trade at $51.70, after the California-based biopharmaceutical firm presented data for its sickle cell disease (SCD) treatment. While voxelotor met its main goal in a late-stage study, some are questioning its ability to create benefits for patients. Amid today's big move, GBT options traders are...Read More