When police stop vehicles for purported driving rules infractions, police will often take advantage of the situation to inquire about other matters in a "fishing expedition" to Continue...Read More
Continue...Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the...Read More
While our neighbor to the north has but a fraction of the US's population, what happens there is important here as well. Miami's real estate market is near collapse and hedge funds are taking a hit. What's happening in Canada is no different than what's happening here. Nonetheless, the migration from North to South continues on unabated.Portfolio Manager, attorney, finance author, a regular guest...Read More
Today's guest, Lior Gantz, shares his thoughts on the economy and why he thinks the world is heading for an interesting decade. During our chat Lior lays out a few examples as to why the rest of the world has caught up in productivity and now it's time for Americans to adjust.Lior Gantz has been called a thrill-seeking entrepreneur by his team, and as such, he built and runs numerous successful bu...Read More
David Moadel is a trader and investor of stocks and options. A former elementary school teacher, David has a master's degree in education and a unique ability to convey knowledge in the area of finance. He has coached many people and likes to combine fundamental and technical analysis to help people find their own trading style.Lynette Zang has held the position of Chief Market Analyst at ITM Trad...Read More
Trump not only failed to improve the US trade deficit in goods, but the service surplus is also shrinking on his watch.Continue...Read More
Despite dozens of tweets and sound bites saying otherwise, President Trump is reportedly considering sending thousands of more troops to the Middle East. Continue...Read More
"He's two-faced...I find him to be a very nice guy but the truth is I called him out on the fact that he's not paying 2% (of GDP on Canada's defense budget) and I guess he's not very happy about it."Continue...Read More
? + Gold is flowing to strong hands in safer forms of gold ownership, in safer jurisdictions? + Gold and silver bullion coins and bars owned by GoldCore's clients have been moved from Hong Kong to Singapore? + Central bank and institutional gold rush is beginning as prudent money diversifies fx reserves by buying gold & repatriates their gold from London and New York? + Central banks are repatriat...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday December 4.Key drivers The scrap markets were down in the past week, with supply offer prices dropping against slowing demand in the run-up to year-end holidays. Metals producers typically run down their feedstocks in December, a time usually set aside for book-squaring, banking profits and settling accounts. The alloy market...Read More
The company will use the proceeds to explore its Nevada asset. Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced in a news release it closed the sale of its Yarumalito gold project in Colombia to GoldMining Inc.The divestment afforded Newrange undiluted funds for exploring its flagship Pamlico project in Nevada and a 1% net smelter return (NSR) royalty on Yarumalito. The transaction also "pave...Read More
The $6 million facility is available to the Vancouver-based firm until Nov. 29, 2021. Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQB) announced in a news release it closed the transaction for a $6 million revolving line of credit from a company controlled by Eric Sprott, 2176423 Ontario Ltd.The Canadian royalty firm intends to use the financing primarily to acquire additional producing or near-p...Read More
In the arrangement, the company will garner a 1% net smelter return royalty. Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) announced in a news release it agreed to sell its 79.1% interest in the Kinsley Mountain gold project in northwest Nevada to Barrian Mining for a total consideration of $7.5 million.Liberty Gold will receive the purchase price from Barrian in three tranches over two years. The fi...Read More
Hollow steel sections prices moved up across Europe over the past week due to increases in feedstock costs, market sources told Fastmarkets on Wednesday December 4.Fastmarkets' weekly price assessment of steel sections (medium), domestic, delivered Northern Europe, was ?,?590-600 per tonne ($653-664) per tonne on Wednesday, up from ?,?580-590 per tonne a week earlier."I see some price lists coming...Read More
A Bloomberg report said the U.S. and China could be closer to a trade deal The Dow snapped its three-day losing streak today, after a report from Bloomberg suggested the U.S. and China could reach a "phase one" trade deal sooner than investors previously believed. U.S. President Donald Trump also changed his tune, following yesterday's comments that he would hold off on an agreement until after th...Read More
JBLU calls are crossing at 179 times the average intraday pace todayCall volume is running quick on JetBlue Airways Corporation (NASDAQ:JBLU), with more than 98,250 contracts on the tape so far -- 179 times what's typically seen at this point in the session, and easily eclipsing the previous 52-week peak of 27,872 calls traded in a single session, set on May 16. By comparison, around 2,200 puts ha...Read More
USO calls have reigned in popularity for some time nowAs oil prices rally today, the Organization of the Petroleum Exporting Countries (OPEC) will hold its bi-annual meeting in Vienna, Austria this Thursday. Ahead of the event, options traders are targeting the United States Oil Fund (USO), with bulls betting on a bigger move from the oil-focused exchange-traded fund (ETF). More specifically,...Read More
January crude futures are up more than 4% Stocks are recovering some of yesterday's massive losses, thanks to more vague trade headlines pointing to progress in U.S.-China trade talks. The Dow Jones Industrial Average (DJI) is comfortably in triple-digit territory, while a big day from the energy sector has the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) higher as well. This comes as oil price...Read More
The 110-strike call is popular in EXPE's options pits todayExpedia Group Inc (NASDAQ:EXPE) stock is up 6.5% today to trade at $105.89, on news the online travel company's CEO and chief financial officer have stepped down amid a disagreement with the board over business strategy. This follows the stock's devastating reaction to Expedia's third-quarter earnings report last month, and has options tra...Read More
Salesforce.com posted third-quarter results that exceeded estimates Salesforce.com, Inc. (NYSE:CRM) took its turn in the earnings confessional this morning with some interesting results. CRM posted $4.51 billion in revenue, which shot up 33% since this time last year, and an earnings of 75 cents per share, both of which exceeded analysts' expectations. However, the firm slashed its fiscal fourth-q...Read More