It's no secret that US oil/gas output has been skyrocketing. In fact, some are predicting that within a few short years, production will hit 17mm barrels per day. Just 10 short years ago, the experts were forecasting declining American production and increased dependence upon imports. What a difference a decade makes. Of course there are challenges. Environmental wackos, tight pipeline capacity, t...Read More
"That someone would let a tailor come on such a day is disrespectful," the CEO stated in an interview with the German newspaper Handelsblatt on Thursday.Continue...Read More
"Today, I am here to say we are not backing down on our effort to determine the citizenship status of the United States population." Continue...Read More
President Trump and Congresswoman Alexandria Ocasio-Cortez don't agree on much - and would be loath to admit it if they did. But their ideas on monetary policy are converging on Continue...Read More
Kitco's Peter Hug joined us for a review of the recent action in the precious metals and the beginning of gold's new bull market. He believes that a lot will have to do with the Fed's approach to cutting rates. Peter believes that the Fed will take a more cautious approach and cut 25 basis points at the next meeting. If they go higher, it could be a real boost. Once gold breaks the next resistance...Read More
Turkish steel billet export prices dipped slightly this week after demand fell away following a downturn in scrap import values, sources said on Thursday July 11.Domestic and import billet prices remained stable over the period, they added.Fastmarkets' weekly price assessment for steel billet export, fob main port Turkey, was $425-435 per tonne, down from $435-440...Read More
The price of steel billet imported into Egypt increased in the week to Thursday July 11 because of higher offers, despite the poor domestic demand."Offer prices are increasing but there are no bookings because of the uncertainty about safeguard duties," a local market source told Fastmarkets.In April, Egypt imposed a temporary additional duty on rebar and billet in response to increased import vol...Read More
The Canadian company remains well funded for this next program.Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) announced in a news release it just started its fourth season of drilling at Forrest Kerr, on the heels of completing its planned 2019 drill program at Justin in the Yukon.At Forrest Kerr, in British Columbia's Golden Triangle, Aben will start with 5,000 meters of diamond drilling and expand...Read More
"Mueller said the social media operation was the 2nd major component of a "sweeping and systematic" Russian gov't interference campaign - yet he never actually shows Continue...Read More
The combined company will provide exposure to both near- and longer-term projects. San Albino projectTerraco Gold Corp. (TEN:TSX.V; TCEGF:OTCPK), which holds a royalty on the Spring Valley gold project in Nevada, is being acquired by Sailfish Royalty. The combined company will hold a geographically diverse set of royalties, including projects in Nevada, Mexico, Brazil and Nicaragua.According to t...Read More
China's rebar prices held steady on Thursday July 11 amid a drop in both supply and demand.Domestic Eastern China (Shanghai): 3,980-4,000 yuan ($578-581) per tonne, unchangedNorthern China (Beijing): 3,880-3,910 yuan per tonne, unchangedA total of 3.76 million tonnes of rebar were produced during the week to Thursday, down 21,000 tonnes from the preceding week, according to a local industry inform...Read More
The S&P and Nasdaq fell short of notching new milestones today, thoughThe Dow made its first-ever trek above the 27,000 mark today, as insurer UnitedHeatlh (UNH) rallied on news the Trump administration was scrapping a plan to curb rebates for insurers. The blue-chip index settled north of the psychologically significant level, too, as big banks Goldman Sachs (GS) and JPMorgan (JPM) popped after F...Read More
The weed concern is buying a manufacturing facility in WinnipegCannabis stock Cronos Group Inc (NASDAQ:CRON) is up 2% at $15.60,moving higher after the company said it will buy an 84,000-square-foot fermentation and manufacturing facility in Winnipeg, Canada. Weighing in on the deal, analysts at Jefferies think the purchase should result in commercial-scale cannabinoid production and improved fina...Read More
Credit Suisse just downgraded Werner stock to an "underperform," and slashed its price target to $29Werner Enterprises Inc (NASDAQ:WERN) and Heico Corporation (NYSE:HEI) are on Wall Street's watch list after analysts slammed the two stocks with bear notes. The former got a drubbing from Credit Suisse, which downgraded the stock to "underperform" from "neutral," and cut its target price to $29 from...Read More
OMER options are seeing heavy trading todayThe shares of Omeros Corporation (NASDAQ:OMER) are up 2.3% to trade at $15.56 today, and earlier traded as high as $16.88. This comes afterthe Food and Drug Administration (FDA) agreed on the main goal of a trial supporting a marketing application for narsoplimab, Omeros' treatment for stem cell transplant-associated thrombotic microangiopathy. In resp...Read More
UNH is a stock to watch right nowUnitedHealth Group Inc (NYSE:UNH) is the best Dow stock today, up 5.4% at $260.75, on news the Trump administration withdrew a plan to end rebates paid to insurance companies by drug manufacturers. This upside move has sparked a rush of activity in UNH's options pits, with most of the action occurring on the call side.At last check, around 31,500 calls and 18,000 p...Read More
Several key economic reports will be released, tooIt's set to be a busy week on Wall Street, with several key economic reports set for release, including updates on retail sales, housing, and consumer sentiment. Plus, following his two-day congressional testimony which had a dovish tilt, Fed Chair Jerome Powell will take the stage on Friday. What's more, second-quarter earnings season gets underwa...Read More
The best part? It's risk-free. In an explosive report a former Lehman Brothers executive reveals one of Wall Street's most closely guarded investing secrets.The secret?A proven system for turning small sums of cash into vast windfalls of profits-without risking a penny in the stock market.Essentially, this system uses the latest advances in computer science and financial technology to give inve...Read More
Platinum has not been this cheap vs. gold since 1907 AD.In other words, in over 110 years, we have not seen platinum values slump this far versus gold.Here at SD Bullion, we have covered Platinum fundamental investment factors as well as information about supply-demand factors at play today.South Africa is the major miner of platinum ore in the world, accounting for about 70% of all new line plati...Read More
DDS and WW shares are some of the biggest winners todayStocks are soaring to new highs again thanks to all the excitement around a potential cut in interest rates. Three names making moves you should monitor are retailer Dillard's, Inc. (NYSE:DDS), diet specialist Weight Watchers International, Inc. (NASDAQ:WW), and clinical stage biopharma concern Immunic Inc (NASDAQ:IMUX). Here's what moving th...Read More