The US continues to escalate its anti-Venezuela measures this week, having announced Monday night that sanctions have grown to an economic embargo, and now that appears to include Continue...Read More
"I'm sorry I was born white and privileged. It disgusts me. And I feel so much shame." Continue...Read More
Growing evidence of a severe global recession is sure to provoke more aggressive monetary policiesContinue...Read More
David discusses some of the unique things that are currently happening in the gold markets. European institutions are investing in gold since they can now get better returns than from negative-yielding bonds. Gold stocks have yet to move since most investors are complacent from the current bull market in equities. When the equity markets roll over in the next year or so you will see a large rally...Read More
Prices in Southeast Asia's steel billet market declined after a major producer in India sold competitively priced cargoes into the region, sources said."The Indian producer reduced its asking price to attract customers because of limited buying interest in its domestic market during the country's monsoon season," a trader in Southeast Asia said.The transactions were reportedly concluded at $440-44...Read More
As an increasing number of dangerous chemicals are banned in other countries around the world, they remain legal in the US. Continue...Read More
Bob Moriarty of 321 Gold gives his outlook on the gold market. All markets go up. All markets go down. No market ever goes straight up unless it's the end of the world and in that case why would you care?Gold hit bottom in early 2016. Smart money was buying then. Gradually gold rose and fell with the tide until lately when it went on a roll. All the permabulls are screeching about a new bull mark...Read More
These new assets expand the Canadian company's prospective project portfolio there. Taku Gold Corp. (TAK:TSX.V; TAKUF:OTCMKTS) announced in a news release it acquired the Gold Run and Midas properties in the Yukon's White Gold District, thereby extending its recently purchased Portland gold project to 13 kilometers along trend. Gold Run is a roughly 895 hectare area, consisting of 44 contiguous q...Read More
The new assays are comparable to those from previous samples taken from the historical district property. Klondike Gold Corp. (KG:TSX.V) announced in a news release that it discovered a zone of high-grade gold parallel to the mineralization of the Nugget zone at its Klondike project in the Yukon.The company discovered this through the drilling of nine holes in the Nugget zone along the Nugget Fau...Read More
The company will suspend ore processing there while it remedies the situation. SEMAFO Inc. (SMF:TSX; SMF:OMX) reported in a news release that a Wona pit wall failed at the Mana mine in Burkina Faso on Friday, but no one was injured and no equipment damaged as a result. Mining is currently taking place in the southern part of the Wona pit, not in the northern portion, the area where the pit wall f...Read More
Mickey Fulp, the Mercenary Geologist, and Maurice Jackson of Proven and Probable discuss the resurgent precious metals markets, as well as base metals, critical metals and energy metals. Maurice Jackson: Joining me for a conversation today is Mickey Fulp, the Mercenary Geologist. Glad to have you here today to share your market insights, which are quite remarkable. And, I want to get your thought...Read More
Stocks spent almost the entire day in positive territoryUpbeat data out of China got the trading day started on a positive note, and stocks extended their upside throughout the session. By the close, the Dow was up 371 points, erasing a large chunk of its weekly losses. The S&P 500 and Nasdaq followed suit, driven by strong gains in the tech sector, while stabilizing oil prices and Treasury yields...Read More
FRTA stock options traders are targeting even bigger gainsForterra Inc (NASDAQ:FRTA) stock is up 19.1% at $6.93 -- set for its best day since November 2017 -- after Goldman Sachs double-upgraded the drainage pipe manufacturer to "buy" from "sell," and boosted its price target to $8 from $4.25. The analyst in coverage said accelerating pricing could be a positive driver in coming quarters, and call...Read More
The brokerage firm said the company is "one of the least exposed" to tariffsThe shares of Dollar General Corp (NYSE:DG) are higher today, after Goldman Sachs upgraded the retail stock to "buy" from "neutral," and hiked its price target to $152 from $142. Ahead of another round of U.S. duties on Chinese imports -- this time expected to hit the retail sector -- on Sept. 1, the brokerage firm said "D...Read More
Symantec is also near the top of the Nasdaq todayStocks are trading higher today as bond yields stabilize. Among individual names making notable moves are cybersecurity specialist Symantec Corporation (NASDAQ:SYMC), clinical-stage biopharmaceutical firm G1 Therapeutics Inc (NASDAQ:GTHX), and IV therapy provider ICU Medical, Inc (NASDAQ:ICUI). Here's a quick look at what's moving the shares of SYMC...Read More
EWT has remained unsteady amid U.S.-China trade tensionTaiwan ETF iShares MSCI Taiwan Index (EWT) is up 1.4% at $34.45 this afternoon, on pace to mark its highest close in a week. U.S.-China trade tensions have sent the ETF on a wild ride this calendar year, specifically over the past few months. A point of contention between the rivaling U.S. and China has been Taiwan, which has sent the index's...Read More
Brazilian steelmaker Gerdau has decided to postpone some of its capacity expansion investments expected for 2019 amid a weaker-than-expected local economy, while reporting year-on-year output growth for the second quarter.It has maintained, however, its 7.1 billion Reais ($1.79 billion) total capital expenditure plan through 2021.The company estimated 1.84 billion Reais of investments for 2019, a...Read More
AMD's new chips will be featured in Google and Twitter data centersThe shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) are up 14% to trade at $33.68 today, after the chip concern announced its new processor chip will be featured in Alphabet (GOOGL) and Twitter (TWTR) data centers. In response to the outsized gains, AMD options traders have come out of the woodwork today. More specifically,...Read More
The financial sector has been one of the biggest losers in recent weeks The recent market drawdown has been particularly painful for the financial sector, especially with the Fed lowering interest rates last week. However, this pullback could mark a buying opportunity for some names based on technical data. Two stocks that landed on recent studies done by Schaeffer's Senior Quantitative Analyst Ro...Read More
- Gary Christenson, The Deviant InvestorBreaking News: COMEX paper gold contracts closed on Wednesday, August 7, at $1,513, up from $1,274 on May 22. Gold bottomed at $1,045 in December 2015. The S&P 500 Index closed at a new all-time high on July 26.Gold closed at its highest price since 2013.Read: Silver Prices - The Next Five YearsWhat Happens Next?We don't know. Gold has disappointed for...Read More