From oil and gas to metals and healthcare, there are some solid choices for a long-term investor looking to stack shares in dividend-paying companies on TSX index. These are some of the most defensive areas of investment, operating in sectors that are likely to outrun even a deep and widespread market downturn. Let's take a look at some representative stocks.Enbridge (TSX:ENB)(NYSE:ENB)This ubiqui...Read More
As cannabis becomes more of a mainstream investment, should stocks like Canopy Growth (TSX:WEED)(NYSE:CGC) join outperforming tech in a capital gains portfolio? Let's review the stats for the TSX index's breakout marijuana stock and compare them against some of the tech growth stocks it most closely resembles, plus one mining stock that makes a feasible tech proxyCanopy Growth could be the front-l...Read More
Bob Moriarty ArchivesApr 26, 2019TheRound Mountain Gold Mine is on the west side of the Toquima caldera in south-central Nevada. What Rover Metals (Rover) (ROVR-V) calls the Toquima precious metals property is on the other side of the caldera. On April 10Rover announced a Letter of Intent to purchase all of the issued and outstanding shares of Centennial Mining, owner of the Toquima gold and silve...Read More
Construction activities at the Lindero gold project in Argentina. Source: Fortuna Silver Mines Inc.Fortuna Silver Mines Inc. [FVI-TSX; FSM-NYSE] has published its first video, documenting its construction progress at the Lindero gold project in Argentina.The company now says it expects to publish a new episode every month until the company declares commercial production at the project in the first...Read More
Benchmark Metals Lawyers coreBenchmark Metals Inc. [BNCH-TSXV, CYRTF-OTCQB, 87CA-FSE] said it is proceeding with a flow-through shares offering that is expected to raise $2 million to fund exploration at the company's Lawyers property in northwest British Columbia.The proposed non-brokered private placement consists of about 9.0 million flow-through shares at an offering price of 22 cents per shar...Read More
The Moa Bay joint venture nickel-cobalt operation in eastern Cuba. Source: Sherritt International Inc.Sherritt International Inc. [S-TSX] says an increase in global cobalt prices in April is likely to be sustained through the balance of 2019.Consumer demand helped to boost cobalt prices by about 15% in April, Sherritt said in a press release containing details of the company's first quarter financ...Read More
For the past several decades, energy consumption in the United States has been rapidly increasing. And in 2007, American energy demand hit an all-time high.That was before pulling back a bit and leveling off for a decade. But last year was a turning point for U.S. energy demand.In a recent report, the EIA says the U.S. consumed 101.3 quadrillion British thermal units (Btu) in 2018.That was 0.3% hi...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 176,691139,29659,299154,403211,799390,393410,394 Change from Prior Reporting Period -6,52212,3568558,701-12,3333,034878 Traders 17490775752267184 Small Speculators LongShortOpen Interest 49,65529,654440,048 -3,567-1,411-533 non reportable positionsChange...Read More
Gold has failed to gain traction over the past couple months, normally a seasonally-strong time. That has really weighed on sentiment, leaving traders increasingly bearish. Gold investment demand has flagged dramatically with lofty stock markets spewing great euphoria. That's given gold-futures speculators the run of the market, where they have sold aggressively including extreme shortin...Read More
By: Avi GilburtI am not sure how much more I can add to what has been said over the last two weeks in the metals complex.At this point in time, it is quite clear that the metals are testing support. As specifically noted about silver, the 14.60 support region is what I want to see holding as support here. While I can accept a spike and reversal of that level, a sustained break of that level...Read More
It's like a breath of fresh air when the futures actually finish lower on the day. Granted, the S&P slippage on Thursday amounted to only a few measly points. Would it be churlish to hope it's the start of something really nasty? Bulls should be hoping for nothing less, since the broad averages, especially the Nasdaq, are desperately in need of a rest. Nitro-fueled by FAANG stocks, the Naz ha...Read More
By: Ira EpsteinSpecial Video in lieu of the daily metals update: Swinglines:Read More
US GDP numbers is overhyped today. Traders will take positions for next week's FOMC meet and host of US jobs numbers. There will be an Easter impact on US jobs. Global economy has a feel good situation. Once again it will be a technical trade today. Central bank buying has failed to lift gold. I am against going long in crude oil unless it breaks and trades over $67.20 till Mid May. Remain on th...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
OK. New York City can't pay its bills and politicians think chasing Amazon out of town because they wanted a $3 billion tax break actually saved $3 billion when Continue...Read More
The Great Financial Unknown is now upon us. After 10 years of Quantitative Easing, the European Central Bank (ECB) in Europe owns 40% of the national debts in the EU and itContinue...Read More
Lobo Tiggre, principal analyst of The Independent Speculator, maintains his long-term bullish stance on both gold and silver.Read More
"The gasoline prices are coming down. I called up OPEC. I said, 'You've got to bring them down. You've got to bring them down,' and gasoline's coming down," Continue...Read More
1) "We are at war with Russia" is one of the most dangerous (and deranged) proclamations a political official can issue: here's the head of the DNC doing that; 2) Note howContinue...Read More
This precious metals firm continues its exploration efforts at its South Pacific island asset. Lion One's Tuvatu Gold ProjectLion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) started drilling at its Tuvatu project in Fiji, it announced in a news release. The drill campaign will "test shallow dipping lodes in the HT Corridor, a mineralized zone crosscutting the principal vein system of the Tuvatu res...Read More