The Canadian company is testing for the presence of Getchell-style, high-grade gold there. Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) began drilling at its Snowstorm project in Northern Nevada, it announced in a news release. Drilling over 7,000 meters will be done, first reverse circulation drilling to the Paleozoic surface then diamond core drilling to target depths. The purpose is to test for...Read More

The results highlight the potential for the explorer to grow its mineral inventory. TMAC Resources Inc. (TMR:TSX) announced in a news release that recent drilling delivered strong results from its Doris and Doris regional programs at its Hope Bay property in Nunavut, Canada. Underground drilling expanded the Doris BTD extension zone. Results showed, for instance, intercepts of 93.3 grams per ton...Read More

Bob Moriarty of 321 Gold makes available the first two chapters of his most recent book that delve into the current state of the economy. Yellow Vests walking in Oloron, France. Photo: Robert MoriartyAfter being bugged unmercifully by a couple of my so-called friends, I finally sat down in early January to write a tome about investing in resource stocks. It took me sixteen days to write. And anot...Read More

The price range for grade-304 cold-rolled stainless sheets narrowed upward this week while participants increasingly expect monthly alloy surcharges for September to rise substantially, Fastmarkets heard on Friday August 16.Fastmarkets' assessment of the price for stainless steel cold-rolled sheet, 2mm, grade-304, transaction domestic, delivered North Europe was ?,?2,230-2,250 ($2,482-2,504) per t...Read More

Market participants in Asia expect PT Indonesia Tsingshan Stainless Steel to be the most significantly affected should the European Union decide to impose anti-dumping duties on imports of stainless hot-rolled coil and sheet from the region.The EU earlier this week initiated an anti-dumping investigation into imports of such products from China, Indonesia and Taiwan.The EU probe could further limi...Read More

Oil edged higher, despite a trimmed demand forecast from OPECThe Dow closed the book on a roller-coaster week with an emphatic 306-point gain. Rallying bond yields and cooling trade tensions with China fueled the blue-chip index's fourth triple-digit move of the week. The S&P 500 and Nasdaq both finished with strong gains today as well, thanks to resurgent bank and tech sectors, respectively. How...Read More

BofA-Merrill Lynch cut DOW to "underperform"U.S. stocks are higher with bond yields today, though the major indexes are still pacing for a third straight weekly loss. Among stocks making notable moves are chemical concern Dow Inc (NYSE:DOW)and biotechPlus Therapeutics Inc (NASDAQ:PSTV). Here's a quick look at what's moving the shares of DOW and PSTV.Dow Stock Shrugs Off DowngradeAfter earlier touc...Read More

The stock market took a hit as a rare inverted yield curve spooked tradersIt was another volatile week on Wall Street, with the Dow Jones Industrial Average (DJI) exploring a more than 1,000-point trading range. Most of the action occurred to the downside -- creating a profitable environment for SPDR S&P 500 ETF (SPY) straddle traders -- after a rare yield curve inversion of the 2-year and 10-year...Read More

Goldman Sachs upgraded KTOS to "buy" and hiked its price target to $26Drone maker Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) is eyeing its best day in months following a bull note from Goldman Sachs. The analyst upgraded the stock to "buy" from "hold," and hiked its price target to $26 from $24 -- a roughly 44% premium to last night's close. Goldman said it had confidence in the 2020...Read More

The "Chinese Netflix" is higher on stimulus hopesIQIYI Inc (NASDAQ:IQ) -- often called the Chinese Netflix -- will report earnings after the close on Monday, Aug. 19. Ahead of the event, J.P. Morgan Securities launched coverage of the stock with an "underweight" rating and $14 price target, representing a record low for IQ shares and an 18% discount to their current price. Nevertheless, IQ stock i...Read More

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Coming up we dive into China with one of the foremost experts on the subject Gordon Chang. Gordon shares his thoughts on the U.S.-China trade war and why he believes it’s not likely to end anytime soon, talks about the pending economic catastrophe he sees in China and the effects it’s going to have on the global e...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 346,22356,13347,458136,823460,550530,504564,141 Change from Prior Reporting Period -4,335-1,880-2,447-187-785-6,969-5,112 Traders 23262785758315175 Small Speculators LongShortOpen Interest 63,45829,821593,962 614-1,243-6,355 non reportable...Read More

By: Gary SavageGold into a resistance zone. Last line of defense for a gold bullion bank trapped and squeezed in a short position? Gold anticipating another Fed rate cut?Gary SavageRead More

A short squeeze could also power the shares higherWhen we last checked in on InVitae Corp (NYSE:NVTA), the genetic testing concern was fresh off a lofty bull note from Citron Research. Since nabbing an earnings-induced record high of $28.75 on Aug. 7, the shares have pulled back sharply, down 6.3% month-to-date. However, this Citron favorite -- which has more than doubled in 2019 -- is now flashi...Read More

Recorded August 14th, 2019. * Mp3 format.HighlightsTrends Research Institute's Gerald Celente returns with more good news for PMs aficionados. The original trends researcher correctly called the market breakout on June 6th. His model suggests a retest of the previous all-time record high around $1,900 is likely. $2,000+ gold is possible due in part to the nascent Great Recession 2.0, circa 20...Read More

By: Ira EpsteinI've stopped believing Trump when he talks about China/trade. Mexico cut its interest rate. Europe nearing its bazooka round of cuts and more. Gold has been acting as a safe-haven. I think the interest rate scare is a big part of this move in gold..Read More

Trend for gold and silver is bullish. Better than expected US retail sale numbers did not result in correction. Some section of traders are expecting an interest rate cut next month. China will retaliate against US trade tariff. I am not writing big lines. Positive economic news has not resulted in correction in gold prices. Momentum is very bullish. Look for signs of small $15-$20 correction in...Read More

The Nasdaq is higher too, after NVDA's big earnings win The Dow Jones Industrial Average (DJI) is keeping the positive momentum going at midday, looking to end a wild trading week with a daily win. Anxiety is easing over bond yields, and traders are cheering President Donald Trump's comments that the U.S. and China are "having very productive talks" by phone ahead of an expected September meeting...Read More

The major gold miners’stocks have soared in recent months, fueled by gold’s decisive breakout to newbull-market highs.  Nothing motivatestraders like performance, so interest in this long-neglected sector has exploded.  While gold stocks’ technicals and sentiment havegreatly strengthened, their just-reported Q2’19 results reveal whether theirunderlying fundamental...Read More

NVDA is popping after an earnings beatShares of chipmaker Nvidia Corporation (NASDAQ:NVDA) are soaring this morning, in reaction to the company's impressive second-quarter earnings and revenue beat. Nvidia cited increased demand for high-end video game graphics chips as the main driver, sending NVDA stock up 6.7% to trade at $158.79.Analysts have been quick to respond, with Mizuho and J.P. Morgan...Read More