Hey Bernie, It's 'Medicare For All' That Would Be 'Cruel' And 'Dysfunctional' During last week's Democratic presidential debate, Sen. Bernie Sanders called the current U.S. healthcare system "dysfunctional" and "cruel." Words like that are more appropriate descriptors of the government-run healthcare systems abroad that Sanders would like to import to the United States. NOTE: President Trump share...Read More
Although gold prices have seen a slump recently, investors should not take this is as a bearish sign and instead, consider adding more of the yellow metal to their portfolio, this according to Frank Holmes, CEO of U.S. Global Investors.Holmes noted that gold stocks and gold bullion are currently underweighted in investors' portfolios. "When you look at Canada, and you look at the index and percent...Read More
If we did not have vast unfunded liabilities and rising socialism to contend with, then such a possibility of a partial backing is possible.Continue...Read More
Bob Moriarty of 321gold profiles a company with historical gold mines in California. A friend approached me a couple of years back about putting some money into a private placement for a young exploration company, Providence Gold Mines Inc. (PHD:TSX.V; PRRVF:OTCBB), that had an option on a number of old gold mines in the California mother lode country. I did and have waited patiently (well, not r...Read More
Significant events involving the firm took place during those three months. MAG's Juanicipio JV ProjectMAG Silver Corp. (MAG:TSX; MAG:NYSE A) provided in a news release its Q2/19 operational and financial highlights."This was a landmark quarter for MAG," President and CEO George Paspalas said in the release. During Q2/19, which ended June 30, 2019, MAG and joint venture partner Fresnillo agreed t...Read More
Results will assist in delineating future potential drill targets there. Nexus Gold Corp. (NXS:TSX.V; NXXGF:OTCQB) announced in a news release it completed its second phase of prospecting at its McKenzie gold project in Ontario's Red Lake.The work included procuring 60 grab and chip samples from the 1,348.5 hectare property. Results are pending. The purpose of phase 2 was to determine areas of in...Read More
With gold and silver prices having tumbled, sector expert Michael Ballanger outlines how he will weather the storm. "People everywhere are being fed propaganda, lies and false stimuli of all kinds, but deep in their hearts, deep in their instincts, they know something is wrong." G. Edward Griffin, author of The Creature from Jekyll IslandMy usual weekend missive was mildly delayed for a very good...Read More
Voestalpine has started operations at its pilot plant in Linz, Austria, for carbon-neutral production of hydrogen, taking a significant step towards making the project commercially viable.The plant has capacity of more than 6 MW and will test whether the technology can produce green hydrogen via electrolysis suitable for use on an industrial scale. It is hoped hydrogen can replace the coke/coal-ba...Read More
The president blasted the Fed for keeping interest rates too highThe Dow spent most of the day in positive territory, but ran out of steam down the stretch to finish flat. The S&P 500 and Nasdaq were also strong early on, hitting record highs, but pared these gains into the close. Investors monitored an afternoon speech from President Donald Trump, who said China has cheated the U.S. on trade in t...Read More
FDA staffers' review of Amarin's Vascepa is being well-received by Wall StreetThe S&P 500 and Nasdaq are trading at new highs today, as investors digest a speech from President Donald Trump at the Economic Club of New York. Among three stocks making notable moves higher today are IT specialist DXC Technology Co (NYSE:DXC), factory automation equipment maker Rockwell Automation (NYSE:ROK), and bio...Read More
A summary of base metals premiums from across the globe for the week to Tuesday November 12.Please click...Read More
Options volume is high on DIS, ROKU, CBSWalt Disney Co (NYSE:DIS) is trading higher today as its Disney+ streaming service launches, last seen up 1.4% at $138.70, even though the company said stronger-than-expected demand for the service resulted in a number of glitches for users. Either way, options volume has picked up amid the buzz, with calls crossing at three times the pace expected.The most...Read More
Yageo group said it would buy Kemet in a $1.58 billion deal A buyout proposal from Taiwanese sector peer Yageo Corp has the shares of electronic components maker Kemet Corporation (NYSE:KEM) up 10.8% at $25.60 -- eyeing a fresh yearly high. Specifically, Yageo said it plans on purchasing Kemet for $1.58 billion, or $27.20 per share -- a roughly 18% premium to KEM's Monday close -- in hopes of expa...Read More
European producers of hot-rolled coil were expected to raise their domestic offer prices and were likely to achieve better trading prices because of production cuts and the lack of competitive import offers, sources told Fastmarkets on Tuesday November 12."I think [the days of] cheap offers are now gone and mills will increase their offers soon," a German source said.The steelmakers, however, pref...Read More
The president's address is scheduled for middayThe Dow Jones Industrial Average (DJI) is up modestly at midday, getting a lift from Walt Disney (DIS) stock, which is higher amid the launch of the Disney+ streaming service. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are cautiously higher, too -- tagging new record highs earlier -- as traders look toward today's speech from President Donald...Read More
Oursummary of the current situation in the precious metals is not going to differmuch from whatwe wrote yesterday, and the reason is simple. The decline in gold,silver, and miners is developing justas we’ve been expecting it to. Most importantly, gold has justconfirmed its breakdown and everything that we reportedon gold’s outlook and price targets just got a huge confirmation.Let&rsqu...Read More
Low implied volatility is also something to monitor on GRMNGPS specialist Garmin Ltd. (NASDAQ:GRMN) has been on a tear up the charts this year, already tacking on more than 50% year-to-date. Also fresh off a late-October post-earnings bull gap that lead to the stock's nearly 12-year high, the equity is looking unstoppable. Plus, the company's plans to roll out an automatic emergency landing syste...Read More
The three-month nickel price on the London Metal Exchange improved at the close of trading on Tuesday November 12, climbing by around 0.5% on high turnover, while the rest of the base metals complex struggled to close in positive territory.Nickel futures settled at $15,660 per tonne at the 5pm close on Tuesday, improving from an intraday low of $15,385 per tonne. Turnover was high, with just under...Read More
BMO sees "further upside" for Skyworks Solutions stockWith its fiscal fourth-quarter earnings due out after the close tonight, chipmaker Skyworks Solutions Inc (NASDAQ:SWKS) is getting plenty of attention today. The stock just hit a 16-month high of $102.40 earlier, and is now up 1.2% at $101.62 following a price target hike to $120 from $100 at BMO. The analyst cited sector peer Qorvo's (QRVO) we...Read More
By: Avi GilburtThe metals market is an extremely emotional one. The highs and lows you see with metals traders are evident at each of the extremes. I think we are now approaching another extreme.Several months ago, back in early June, I notified those willing to listen that gold was preparing to "take off like a rocket-ship." To my members of ElliottWaveTrader.net, I outlined my expectations fo...Read More