U.S. equity index futures were higher this morning. S&P 500 futures were up 23 points at 8:35 AM EST.Index futures were unchanged following release of updated third quarter real GDP at 8:30 AM EST. Consensus was an annualized increase of 4.9%, unchanged from the previous estimate. Actual was an annualized increase of 5.2%.Intuit gained $1.93 to $567.00 after reporting higher than consensus fis...Read More
"American Taxpayers Are Now Slaves to Interest Payments."So the Heritage Foundation informs us. More from which:Interest on the federal debt is now so immense that it's consuming 40% of all personal income taxes. The largest source of revenue for the federal government is increasingly being devoted to just servicing the debt, not even paying it down.Forty percent of all personal income taxes!How d...Read More
Michael Ballanger of GGM Advisory Inc. shares one Canadian silver stock he believes you will want to own sooner rather than later.Norseman Silver Ltd. (NOC:TSX.V; NOCSF:OTCQB)Since the day I released Email Alert 2023-131 on October 3, I have been haranguing my poor subscribers about the outlook for Norseman Silver Ltd. (NOC:TSX.V; NOCSF:OTCQB) since the stock was trading down below CA$0.05 to as l...Read More
A slowdown in EV sales growth has taken the shine off lithium prices, but they have given back almost all their gains, so Ron Struthers of Struthers Resource Stock Report believes there is not much downside left. Regardless of lithium price, Struthers commented on how Max Power has a unique and favorable property in Arizona that they are drilling.In the last 20 months, I have only picked two junio...Read More
Interra Copper Corp. has exercised an option with ArcWest Exploration Inc. for a project in a copper-producing region of British Columbia. Read on to see why analysts like this company's stock.Interra Copper Corp. (IMCX:CSE; IMIMF:OTCQB; 3MX:FRA) announced in a press release that it had executed the option it negotiated for a maximum of 80% earn-in and joint venture agreement on ArcWest Exploratio...Read More
Streetwise Reports sat down with Steven Palmer of AlphaNorth Asset Management to go over his outlook for the new year and four stocks he believes are worth your while.AlphaNorth Asset Management is a Toronto-based investment manager that was founded in 2007. The firm believes that superior long-term equity returns can be achieved by taking advantage of inefficiencies in the Canadian small-cap stoc...Read More
Global Analyst Adrian Day reviews large developments at four royalty companies. Wheaton Precious Metals Corp. (WPM:TSX; WPM:NYSE) announced that Vale's Salobo III expansion had passed its first-phase completion test, in line with Wheaton's previous guidance, triggering a payment of $370 million. The Salobo expansion is expected to increase throughput to 36 Mtpa by the end of 2024, up from 24 Mtpa...Read More
This copper junior announced it has gotten its permit to drill on its British Columbia project that returned samples as high as 29.3% copper. Analysts say the red metal is needed for clean energy transition.Fabled Copper Corp. (FABL:CSE) announced it has received its permit to drill on its Muskwa project, where fieldwork has found several high-grade copper (Cu) samples, including one that was a "s...Read More
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(IDEX Online) - Lucara is forecasting a revenue increase of at least 30 per cent next year after cutting its 2023 prediction earlier this month.The Vancouver-based miner said it would be using it sales channels to maximize revenue and generate consistent cash flow.In September it ditched a 10-year deal with HB Antwerp to sell the +10.8-ct stones that account for around 65 per cent of its revenue,...Read More
(IDEX Online) - The Natural Diamond Council (NDC) has unveiled its first male cover star.Actor Taylor Zakhar Perez is cast as the Diamond Cowboy in a two-minute video and in an interview and photoshoot promoting diamond jewelry for men. He follows in the footsteps of actresses Lily James and Ana de Armas and supermodel Karen Elson, who have all promoted natural diamonds in high-profile advert...Read More
(IDEX Online) - A one-off ring set with 291 diamonds from Australia's iconic Argyle mine is being offered for sale, with a US$590,000 price tag.It features a pair of matching 0.75 carat oval modified brilliant fancy vivid pink diamonds (SI2/SI1), and 285 round brilliant cut fancy purplish pink and fancy intense purplish pink diamonds (total weight 2.11 carats). There are also four...Read More
U.S .index futures were higher this morning. S&P 500 futures added 14 points at 8:35 AM ESTIndex futures were unchanged following release of the October Core PCE Price Index at 8:30 AM EST. Consensus was an annual increase of 3.5% versus 3.7% in September. Actual was an increase of 3.5%Salesforce.com advanced $16.96 to $247.40 after reporting higher than consensus third quarter results.La Z Bo...Read More
We note that Mr. Hank Kissinger, age 100, has paid his debt to nature.Thus he has put in appearance before St. Peter, heaven's gate minder.Being a man of the Judaic faith, he was rather startled to find himself there. Yet there he was.And so he requested entry.We have obtained a transcript of their conversation, revealed herein.HANK: Hello, St. Peter. The Grim Reaper finally came for me. Can you b...Read More
Two days ago, the financial world lost one of its oldest and brightest stars, Charlie Munger.Known not just for his investment prowess but also for his razor-sharp wit and profound wisdom, Charlie Munger will be missed. His passing marks the end of an era.As Warren Buffett’s right-hand man at Berkshire Hathaway, Munger’s influence stretched far beyond the boardroom. He was a thinker, a...Read More
Right Now is When You Can Make 5x-10x Your Money Just Catching the Cycle" says Fury Gold CEO Tim Clark. "The problem ...Read More
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