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US infection rate rising outside New York as states open up

May 20, 2005 / marketsanity.com

"We know with great certainty that there will be a second wave - the majority of scientists are sure of that. And many also assume that there will be a third wave," said Lothar Wieler.Continue...Read More

Scientists have identified a new strain of the coronavirus that appears to be more contagious and has become dominant worldwide

May 20, 2005 / marketsanity.com

"The mutation Spike D614G is of urgent concern; it began spreading in Europe in early February, and when introduced to new regions it rapidly becomes the dominant form. Also, we present evidence of recombinationContinue...Read More

Gold miner Newmont posts 641% jump in profit

May 20, 2005 / marketsanity.com

"Our robust balance sheet provides us with significant financial flexibility to continue allocating capital where it is needed most during this time of uncertainty, while maintaining our industry-leading returns to shareholdersContinue...Read More

Paul Singer's Elliott Management reportedly called gold 'one of the most undervalued' assets around

May 20, 2005 / marketsanity.com

Continue...Paul Singer is an American billionaire hedge fund manager, activist, investor, vulture capitalist, and philanthropist. His hedge fund, Elliott Management Corporation, specializes in distressed debt acquisitions. Singer is also the founder and CEO of NML Capital Limited, a Cayman Islands-based offshore unit of Elliott Management Corporation.Read More

CIS STEEL SLAB: Mills test market with June offers, business quiet

May 06, 2020 / www.metalbulletin.com

Steel slab producers in the Commonwealth of Independent States have announced offer prices for June-rolling material for foreign customers, after successfully closing their May order books in recent weeks."We are in the market with June material, but are not offering it actively yet," a source at a Russian mill said.Offers of CIS-origin slab were heard in the market within the range of $335-340 pe...Read More

Mark Cuban Goes Off on US Leadership: Congress, POTUS 'Ain't Doing Sh*t... Other Than Looking for Someone to Blame'

April 20, 2005 / marketsanity.com

"The reality is that we don't know what the right answers are, but it sure would be nice to be able to have a civil discussion about the options."Continue...Read More

IN CASE YOU MISSED IT: 5 key stories from May 5

May 06, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Tuesday May 5 that are worth another look.US President Donald Trump is threatening to abandon a preliminary trade deal leading to an easing of trade tensions with China, citing the Covid-19 virus.Employees at the Kroondal chrome mine in South Africa have been informed the facility will not restart after lockdown measures are relaxed b...Read More

PCMA PRESENTS: COVID-19 AND THE "PERFECT STORM" FOR PRECIOUS METALS with David Morgan

May 04, 2020 / www.canadianmineanalysis.com

Our good friend and silver guru David Morgan is the featured guest at the PCMA event on May 5, 2020 titled: COVID-19 AND THE "PERFECT STORM" FOR PRECIOUS METALS. You can still register at this link if you'd like to hear him.https://www.pcmacanada.com/events/EventDetails.aspx?id=1371474David Morgan is a widely recognized analyst in the precious metals industry and consults for hedge funds, high ne...Read More

YDD Corp to start shipping ferro-silicon to North America from June

May 06, 2020 / www.metalbulletin.com

Kazakh company YDD Corp is targeting sales of ferro-silicon into North America this year, with the first shipments planned for next month, according to its output distributor on the project, Swiss trading house Helvetia Resources. YDD started cold commissioning three furnaces at its new Karaganda ferro-silicon operation in Kazakhstan at the end of 2018, with the aim of exporting ferro-silicon...Read More

Explorer's Focus Is on Finding the Source of High-Grade Gold Zone

May 05, 2020 / www.theaureport.com

Aben Resources has identified multiple targets at the Forrest Kerr Gold Project in British Columbia's Golden Triangle. Aben's Forrest Kerr Gold ProjectFor the last several summer drill seasons, most of Aben Resources Ltd.'s (ABN:TSX.V; ABNAF:OTCQB) attention has centered on its 23,000-hectare Forrest Kerr Gold Project, located in northern British Columbia, in the heart of the Golden Triangle. Som...Read More

Firm Reports Gold Discovery in New Brunswick

May 05, 2020 / www.theaureport.com

Mineralization suggests the presence of an epithermal system at this project of X-Terra Resources. X-Terra Resources Inc. (XTT:TSX; XTRRF:OTCMKTS; XTR:FSE) announced in a news release that drilling encountered a new gold bearing structure at the Grog target in New Brunswick."Hole GRG-20-012 identified gold (Au) mineralization over a significant width with one interval of 0.41 g/t Au over 36 meter...Read More

X-Terra's New Gold Discovery Could Be the Tip of a Large Gold System

May 05, 2020 / www.theaureport.com

The junior gold explorer with a nascent exploration breakthrough could soar on the back of a gold bull market, writes Peter Krauth. Gold has the wind in its sails. Its price in U.S. dollars is up an astounding 62% since late 2015, with a 33% gain in just the past year, outpacing all major assets.And investors are only just starting to get interested.The Covid-19 pandemic and its economic impact i...Read More

Price spread widens further for European ferro-chrome

May 06, 2020 / www.metalbulletin.com

The price spread for Europe-origin high-carbon ferro-chrome widened by a couple of cents per lb to $0.17 per lb in the week ended Friday May 1.This came after deals were reported at higher prices following the increase in the ferro-chrome and charge chrome benchmark for shipments in the second quarter of 2020. The gap was $0.20 per lb between the highest and lowest reported deal prices in the week...Read More

Dow Gains Triple Digits on Lockdown Leniency

May 05, 2020 / www.schaeffersresearch.com

The possibility of the U.S. economy slowly reopening gave stocks a big boost The Dow notched a roughly 133-point win on Tuesday -- despite ceding a chunk of its gains from earlier in the session -- as some concern over a second wave of coronavirus cases lingers. Overall though,Wall Street eyed talks of slowly reopening the U.S. economy with optimism, especially after New York Governor Andrew Cuomo...Read More

Best Tech Bet for Options Bulls

May 05, 2020 / www.schaeffersresearch.com

AKAM has ample support during this unsteady climateCloud computing name Akamai Technologies, Inc (NASDAQ:AKAM) is one of many the many stocks suffering a volatile swings during the past two months. When trading during such an unsteady stock market climate, it's important to gather ample support behind any decision when it comes to your portfolio. One way we gauge what a potential pullback means fo...Read More

Gold Stock Has Room to Run

May 05, 2020 / www.schaeffersresearch.com

Gold prices have been in focus amid the broad-market volatilityGold prices have been on investor's radar all year, amid the broad market crash and subsequent rapid recovery. Through it all, mining stocks such as Gold Fields Limited (NYSE:GFI) have come out relatively unscathed, to the tune of a 107% 12-month gain. As if that's not enough, data from Schaeffer's Senior Quantitative Analyst Rocky Whi...Read More

Oil Extends Gains, Sends Stocks Higher

May 05, 2020 / www.schaeffersresearch.com

The Dow is up around 360 points middayThe Dow Jones Industrial Average (DJI) is up around 360 points at midday, as hopes of the economy "reopening" and new earnings data outweigh the hesitance surroundingfears of a potential second wave. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also firmly in the black, with oil eyeing its fifth-straight session of wins. At last check, the front-m...Read More

Marathon Stock Runs Higher on Quarterly Report

May 05, 2020 / www.schaeffersresearch.com

Marathon reported a slimmer-than-expected, first-quarter lossThe shares of Marathon Petroleum Corp (NYSE:MPC) are up 1.4% at $31.96 this morning after reporting slimmer-than-expected, first-quarter losses of 16 cents per share, compared to analysts' anticipated losses of 31 cents per share. The firm's reported revenue of $24.08 billion also beat estimates. Meanwhile, Marathon said it would cut sp...Read More

Hertz Hits New Low Amid Forbearance Deal

May 05, 2020 / www.schaeffersresearch.com

Hertz entered into a forbearance deal in an effort to avoid bankruptcy Since investors caught wind that Hertz Global Holdings Inc (NYSE:HTZ) was looking at the possibility of filing for bankruptcy, the shares of the car rental name have been in a landslide. Coming into today HTZ was off over 35% month-over-month; however, reports this morning say Hertz has entered into forbearances and limited...Read More

Starbucks Stock Hot as U.S. Stores Look to Open Back Up

May 05, 2020 / www.schaeffersresearch.com

SBUX found short-term support at its 30-day trendlineAfter Starbucks Corporation (NASDAQ:SBUX) reported last week earnings that fell short of Wall Street's expectations, the company announced last night it expects 90% of company-owned stores in the U.S. to be open by early June, with 85% to be opened by the end of this week. As a result, the shares of Starbucks are up 3.5%, last seen trading at...Read More

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