Orsu Metals Corp. (TSXV:OSU) (Read full newsRead More
Testing the high-grade Vertigo, GS West, Ryan's Surprise discoveries high on the priority listRead full newsRead More
It is unlikely the Fed will announce a rate hike tomorrowEyeing a fifth straight win, the Dow Jones Industrial Average (DJI) is comfortably higher, up 134 points at midday, as investor focus shifts to the two-day Fed meeting, currently underway. Investors don't expect a policy change from the central bank, but will pore over tomorrow's statement for shifts in economic and rate forecasts. The S&P 5...Read More
Some important pieces of the US economic reports, including the latest nonfarm payrolls, have disappointed recently. May indicators (including the leading ones) have hit a soft patch it seems. Will that push the Fed to downgrade its dot-plot or fine-tune the monetary policy mix anyhow? Can gold jump in reaction to the Wednesday's FOMC policy meeting?February payrolls disappointU.S. nonfarm payroll...Read More
Some important pieces of the US economic reports, including the latest nonfarm payrolls, have disappointed recently. May indicators (including the leading ones) have hit a soft patch it seems. Will that push the Fed to downgrade its dot-plot or fine-tune the monetary policy mix anyhow? Can gold jump in reaction to the Wednesday’s FOMC policy meeting? February Payrolls Disappoint U.S. nonfarm...Read More
Lizzy Gurdus| @lizzygurdusPublished 13 Hours AgoUpdated12 Hours AgoCNBC.com show chapters Here's how to play gold using ETFs 3:22PM ET Mon, 18 March 2019 |06:10 Investors could be face-to-face with a golden opportunity, according to one fund manager.While gold prices had a strong start to the year, mounting an impressive February rally, they have erased most of those gain...Read More
"#ASX-lister New Age Exploration is quitting the Redmoor project tin-tungsten project in #Cornwall by selling its share to JV partner Strategic Minerals ($) | https://t.co/L5vZnPjsXn"Read full newsRead More
Nvidia, Google, and EA are all making headlines todayDigging through some of the top stories on Wall Street today, there's a lot to take in for video game lovers. Among the names making noise are chipmaker Nvidia Corporation (NASDAQ:NVDA), tech giant Alphabet Inc (NASDAQ:GOOGL), and Madden publisher Electronic Arts Inc. (NASDAQ:EA). Below we'll look at the news around the shares of NVDA, GOOGL, an...Read More
The reactivation of a smelter belonging to Chile's state-owned Codelco, the world's largest copper producer, will take more time than expected, the country's mining minister Baldo Prokurica said on Tuesday.The smelter, halted in December to undergo changes to bring it up to new emissions standards, has had its restart delayed because of issues related to Canadian construction firm SNC-Lavalin, c...Read More
The reactivation of a smelter belonging to Chile's state-owned Codelco, the world's largest copper producer, will take more time than expected, the country's mining minister Baldo Prokurica said on Tuesday.The smelter, halted in December to undergo changes to bring it up to new emissions standards, has had its restart delayed because of issues related to Canadian construction firm SNC-Lavalin, c...Read More
Two workers died in an accident at Glencore's Zambian operation Mopani Copper Mines (MCM) on Tuesday, prompting it to suspend production pending investigations, the company said."All operations at the South Ore Body (shaft) have been suspended until further notice," the company said in a statement without providing details of the accident.Mopani is one the biggest mining companies in Zambia - Afri...Read More
Take advantage of the first amendment, and participate in a nation-wide poll.With the 2020 election growing ever closer, the country continues to be divided politically.From disputes about the appropriateness of displaying the Confederate flag, to rights for minorities, and the ever-growing concern about security at the U.S. border, the 2020 election promises to be contentious... if not the most c...Read More
The S&P has outperformed when an SEC team takes home the trophyMarch Madness is once again upon us, with Round 1 games kicking off this week. While many of us here at Schaeffer's are rooting for our hometown Cincinnati Bearcats, history indicates stock market bulls may want to root for a 2 seed this year, if past is prologue. Below are S&P 500 Index (SPX) returns from April through December, depen...Read More
Tilray's fourth-quarter revenue exceeded analyst expectationsTwo pot stocks are making headlines today. First up, Tilray Inc (NASDAQ:TLRY) is down 0.7% to trade at $71.76 -- bringing its month-to-date deficit to 11.5% -- after the company reported a fourth-quarter loss. However, the damage is held in check as revenue exceeded analyst expectations and full-year sales more than doubled year-over-yea...Read More
The brokerage firm raised its CHK price target by more than 12%Raymond James raised its price target on Chesapeake Energy Corporation (NYSE:CHK) stock to $4.50 from $4.00 -- a nearly 43% premium to last night's close -- and reiterated its "outperform" rating. The brokerage firm cited expectations the mining company will be cash neutral next year, as Chesapeake "looks to continue paring down debt."...Read More
One of last year's best-performing hedge funds says the "trade of the century" is to buy gold and sell stocks as risk assets are due for another meltdown.It's only a matter of time until the bearish bet pays off big, according to Crescat Capital LLC. While the Denver-based firm has only about $50 million under management, it has a history of outperforming the S&P 500 Index - with its Global Macro...Read More
Shineco just announced its plans to enter the cannabis market The shares of Shineco Inc (NASDAQ:TYHT) are soaring after the Chinese herbal medicine producer released its plan to expand into the cannabis market. The company established Beijing Tenjove Newhemp Biotechnology Co. Ltd. (TNB) on Mar. 13 to implement the plan, which includes industrial hemp and CBD processing. As a result, the penny stoc...Read More
The U.S. Treasury on Tuesday imposed sanctions on Venezuela's Minerven state gold mining company which it says illicitly props up the regime of President Nicolas Maduro.Minerven, whose full name is Compania General de Mineria de Venezuela CA, and its president, Adrian Antonio Perdomo Mata, are now designated under the Office of Foreign Assets Control, or OFAC, the Treasury Department said. The com...Read More
The U.S. Treasury on Tuesday imposed sanctions on Venezuela's Minerven state gold mining company which it says illicitly props up the regime of President Nicolas Maduro.Minerven, whose full name is Compania General de Mineria de Venezuela CA, and its president, Adrian Antonio Perdomo Mata, are now designated under the Office of Foreign Assets Control, or OFAC, the Treasury Department said. The com...Read More
Ecuador has tethered its economic fortunes to a burgeoning mining industry. Now it just needs to get bureaucrats and community leaders on board.Local opposition and red tape are hindering plans to become a mining superpower that can rival other South American nations. Less than two years ago the government hoped mining would become 4 percent of Ecuador's gross domestic product by the end of Presid...Read More