"It is simply not possible to prepare for such tests in a few weeks or a few months. This ...shows that it was not Russia, but the United States with its actions that brought theContinue...Read More
Precious Metals are correcting now. Here's what you should do and what you should not do.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service fo...Read More
The gold-silver ratio is expected to come down in the next few months, with silver outperforming gold, said Todd Horwitz, chief strategist of BubbaTrading.com."I've think we've got a big run coming, I think it's going to narrow that range in gold, I don't think gold's going down. I think silver is going to finally outperform gold over the next two to three months," Horwitz told Kitco News. Read More
The CIS export billet market has remained quiet since the end of a religious holiday in the Middle East, Africa and Asia, with the lack of activity being blamed on a growing gap between bids and offers.CIS producers continued to insist on $410-415 per tonne fob Black Sea for September-rolling material in the week ended Tuesday August 20, while bids were heard at $400 per tonne fob and lower.One Ru...Read More
Prices for steel rebar and billet in the United Arab Emirates have remained stable over the past week, with demand poor after the Eid al-Adha religious holiday last week, sources said on Tuesday August 20.Market participants believed that demand would improve after the UAE's biggest producer, Emirates Steel, announced its new rebar price, which it usually does on the 20th day of each month.Domesti...Read More
James Kwantes of Resource Opportunities profiles an explorer with projects in British Columbia and Chile.Speculating in junior mining equities is a dangerous and sometimes extremely lucrative game. Some of the key qualities that lay the groundwork for shareholder value creation in an exploration play are:Serially successful managementHigh-quality projectsStable jurisdictionsThe right commodity, at...Read More
Sector expert Michael Ballanger compares safe harbor on the water to safe harbor in the financial and precious metals markets."Destroyers seize gold and leave to its owners a counterfeit pile of paper."- Ayn RandTwelve days ago, we were forced by gale force winds to seek safe harbor in the lovely northern Ontario town of Britt, located on the north shore of the Magnetawan River, approximately fift...Read More
The combined, diversified company states it intends to aggressively grow its portfolio. Terraco Gold Corp. (TEN:TSX.V; TCEGF:OTCPK) announced in a news release that the acquisition of it by Sailfish Royalty Corp. (FISH:TSX.V; OTC:SROYF), according to the approved plan of arrangement, is complete."This is a great opportunity to continue on for further exposure to a diverse portfolio of royalties,...Read More
The deal provides the seller with financial flexibility. Fremont Gold Ltd. (FRE:TSX.V) announced in a news release it agreed to sell its past-producing Gold Canyon project to McEwen Mining for 300,000 McEwen common shares. Gold Canyon is adjacent to McEwen's Gold Bar mine in Nevada. The agreement is expected to close by Aug. 23, 2019."Selling Gold Canyon appreciably increases Fremont's financial...Read More
China's domestic rebar prices stopped rising on Tuesday August 20 amid a weakening of steel futures and soft demand. Domestic Eastern China (Shanghai): 3,700-3,730 yuan ($524-528) per tonne, unchangedNorthern China (Beijing): 3,620-3,640 yuan per tonne, unchangedBuyers, having done some restocking on Monday, cut their procurement rates, which kept rebar prices from rising further, sources said. De...Read More
Chinese ferro-silicon prices softened this past week on weak domestic demand, while the European market similarly retreated following recent price gains after consumers remained sidelined. Chinese domestic ferro-silicon prices widen lower on weak mill demandChinese export prices hold on thin trading amid uncertainty from US-China trade negotiationsEurope market retreats after short-lived recovery...Read More
Home Depot's earnings win couldn't boost the DowU.S. stocks took a breather today, ending the recent relief rally for the Dow and its index peers. For the Dow and S&P, today's pullback snapped a three-day win streak, while the Nasdaq's two-day rise is over, as well, with tech and financial stocks among the hardest hit during the session. The Dow's decline comes despite a strong earnings performanc...Read More
One name is eyeing its biggest one-day percentage gain since last AugustStocks are trading lower today as Treasury yields cool. Among individual stocks making notable moves are pharmaceutical firms Endo International PLC (NASDAQ:ENDP) and Vivus, Inc. (NASDAQ:VVUS), as well as acoustic shockwave technology name Soliton Inc (NASDAQ:SOLY). Here's a quick look at what's moving the shares of ENDP, VVUS...Read More
Call options are running much hotter than usual todayBiopharmaceutical stocks Nabriva Therapeutics PLC (NASDAQ:NBRV) and Moderna Inc (NASDAQ:MRNA) are seeing unusual options volume today, with the equities moving on Food and Drug Administration (FDA) news. Specifically, the FDA approved Nabriva's pneumonia antibiotic late yesterday, sending NBRV stock to a three-month high earlier. Meanwhile, Mode...Read More
Cigna stock is slightly lower on reports that it is selling its benefits insurance unit Healthcare concern Cigna Corp (NYSE:CI) is slightly lower today, down 0.5% to trade at $162.10 following a Reuters report that the firm plans onselling its group benefits insurance unit. The stock has been trending lower since a 9.2% surge in mid-July, with pressure from the 20-day moving average capping recent...Read More
The analysts think new drug releases could help AbbvieAbbvie Inc (NYSE:ABBV) is trying to recover from last week's two-year low, getting a boost today from an upgrade to "overweight" from "neutral" at Piper Jaffray, which also set an $80 price target. The brokerage firm believes the stock could benefit from the release of the company's psoriasis treatment Skyrizi and arthritis treatment Rinvoq --...Read More
The combination of new highs and low IVs has historically been bullish for SHAKShake Shack Inc (NYSE:SHAK) has turned up the heat in 2019, with the shares of the burger chain boasting a 111% year-to-date lead. More recently, the stock shot up 18.2% on Aug. 6 in the wake of the burger chain's blowout second-quarter earnings report, eventually topping out at a record high of $98.06 on Aug. 16. And w...Read More
By: Ira EpsteinGold in a drift. Long-term, nothing bearish. The miners are different..Read More
Aug. 16th, 2019(S14-E709)Featured GuestsGerald Celente &Bill MurphyNote: Guest order via seniority.Please Listen HereInterview RecapBill Murphy of GATA.org returns with GATA.org's latest report on the stunning 3 month PMs rally.Once silver breaches $21 is breached, the next leg could send silver sky-high.The cost of living relative to typical domestic income per capita has increased sharply.T...Read More
The world has truly entered uncharted waters with negative interest rates spreading so far and wide. Frank Holmes, CEO of US Global Investors, recently noted that a whopping 25% of all bonds sold globally now carry a negative yield. “Investors” are even buying some “junk” rated bonds which will repay the bearer less than purchase price upon maturity. Now European...Read More