One of the lasting inventions that has not only survived the test of time but is also still a vital part of modern life is the electric motor.We take it for granted, but we use it every single day, whether it's in common household appliances like the washer and dryer or the heaters and A/C units that are found in our automobiles.In fact, the electric motor is so ubiquitous that you probably don't...Read More
Shares in Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) jumped 12.6% in pre-market trading in New York on Thursday on the news that it will resume mining and heap leaching at its K????lada?? gold mine in Turkey.The Vancouver-based miner noted it would halt a previously announced $520 million-project to build a mill on site. The facility would have made K????lada?? a nine-year, 270,000-ounce-per-an...Read More
Assumptions are more common than the truth...And that's not commentary on "fake news" or other modern phenomena. It's instead a fact of the human condition.The human brain has an amazing ability to fill in missing information in any given scenario where 100% of the information isn't present. In other words, it can make assumptions. And your brain is pretty good at it, too.One way it uses this skil...Read More
Ecuador-focused explorer SolGold (LON, TSX:SOLG) revealed Thursday plans to acquire Cornerstone Capital Resources (TSX-V:CGP), a Canadian firm which has a 15% interest in the miner's coveted Cascabel copper-gold project, located 180 km north of the capital Quito.The takeover would see Cornerstone's investors receive 0.55 SolGold shares for each their shares, which SolGold said was a 20% premium.I...Read More
On April 17, 1793, three French soldiers broke into the tomb of Michel de Nostredame, a man we know as Nostradamus.Legend has it that one man, a Corporal Adelaide, picked up the skull in an attempt to gain the power of the long-dead seer.His fellow soldiers bore witness that his eyes opened wide as he gained full knowledge, then was immediately struck down and killed by an errant bullet, fired fro...Read More
Indonesia's stainless hot-rolled coil exports are expected to rise further in 2019 after nearly tripling in the first three quarters of 2018. Exports of Indonesian stainless HRC totaled 877,990 tonnes during January to September 2018, a year-on-year jump of 170.9% from 324,108 tonnes in 2017, the country's Ministry of Industry said on Monday January 28.Stainless slab exports also rose sharply...Read More
Renowned oil trader Andrew Hall says crude prices may have hit bottom.The former Citigroup manager, who made $100 million trading oil during the financial crisis (which earned him the nickname "God" of the crude market), says the energy markets face many headwinds, but investors are better off betting on oil.Hall says the biggest concern for oil investors is a global recession, which could signifi...Read More
Goldman Sach's head of commodities research Jeff Currie does not expect an early recovery in long-cycle investment and therefore prices of industrial metals due to a structural decline in demand from China, but he is very bullish on the gold price.Speaking on Bloomberg Surveillance, Currie says gold will benefit from strong central bank buying and the wealth effect in India and China due to streng...Read More
Rudi Fronk and Jim Anthony, co-founders of Seabridge Gold, explain why they believe a new bull market for gold is about to commence. Yesterday's FOMC statement and the subsequent news conference with Chairman Powell removed the last significant headwinds for gold. We think that a new bull market for gold is about to commence.Essentially, Chairman Powell trashed the Fed's forward guidance of the l...Read More
An iA Securities report discussed the new drill results in context with previous ones and what they could mean for the project. In a Jan. 28 research note, analyst George Topping reported that Wesdome Gold Mines Ltd.'s (WDO:TSX) newly released infill drilling results from the Deep A zone at Kiena "continue to be thick and high grade." The assays averaged 15.7 grams per ton (15.7 g/t) gold cut ove...Read More
A BMO Capital Markets report discussed this mining company's decision and its implications. In a Jan. 28 research note, analyst Andrew Kaip reported BMO Capital Markets upgraded IAMGOLD Corp. (IMG:TSX; IAG:NYSE) after its announced decision to postpone construction the Cote gold project. "With the announcement, we are of the view that the risk profile has changed," technically and financially, he...Read More
The most recent drill results from several zones in its Red Lake District in Ontario included some of the highest intercepts to date. DHZ-014 Drill CoreGreat Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC), a gold explorer based in Canada, reported drill results from the Hinge Zone (DHZ) and South Limb Zone (DSL) at its 100%-owned Dixie Project.Located in Ontario's Red Lake District, some of the highe...Read More
Well, it was another shit show today for cannabis stocks.The downward spiral began a couple of months ago, and has not let up. Although we are now seeing some indication that most of the bleeding is starting to slow down a bit. Still, this is of little comfort to those who showed up late to the cannabis game.MariMed (OTCBB: MRMD) was today's biggest loser, although a 25% drop in share price opened...Read More
Battery electric vehicles are set to become the standard over the next few decades.It's expected that by 2040, battery electric vehicles will represent more than half of global auto sales.But the evolution of the car isn't going to stop there.The next step is to fuel cell technology.Fuel cell vehicles put out no emissions other than water vapor, have a fuel economy equivalent to about 2x that of g...Read More
It was about a decade ago when I walked into the lion's den.At a conference dubbed the Modern Energy Finance Forum, I was asked to speak about the future of renewable energy.This was right around the time the global economy was imploding and new renewable energy technologies quickly went from being the "greatest investment opportunity of the 21st century" to a giant bubble that burst in the face o...Read More
Continue...Jeffrey Gundlach is the Chief Executive Officer and Chief Investment Officer of DoubleLine Capital. He is recognized as an expert in bond and fixed income investments. His investment strategies have been featured in leading publications from around the world In 2013, he was named "Money Manager of the Year" by Institutional Investor. He is a graduate of Dartmouth College summa cum laude...Read More
Oil prices jumped over 4% on Friday. And traders were ecstatic.But the excitement was short-lived.OPEC announced at a meeting in Vienna on Friday that it would cut crude production by 1.2 million barrels per day in an effort to lift prices. Reuters reported this was 0.2 million over the expected output cut.The market responded. Crude for January delivery increased to over $54 per barrel... but gav...Read More
The Dow wasn't so resilient in today's trading, thoughTech stocks stole the spotlight today, thanks to blowout Facebook (FB) earnings. The FAANG stock surged 10.8%, keeping the Nasdaq in positive territory the whole session. The S&P 500 also closed higher after President Donald Trump tweeted a final U.S.-China trade deal won't be made until he meets with Chinese President Xi Jinping. However, the...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
Early investors stand to reap the rewards as a new technology looks to change everything.One research firm - which recommended Google and Amazon before they became household names - has built a worldwide reputation of identifying profitable tech trends well before Wall Street and the talking heads on T.V.And just recently, they've uncovered a technology that's already being labeled "humanity's las...Read More