SEMAFO (TSX: SMF; US-OTC: SEMFF) has tabled a maiden resource for the Bantou gold zone, located about 170 km south of its Mana gold mine in Burkina Faso, totaling 2.1 million inferred tonnes grading 5.35 grams gold for 361,000 oz. gold.Highlights from the Bantou Proximal zone include 5.21 grams gold over 11 metres from 62 metres downhole and 7.35 grams gold over 3 metres from 95 metres downhole.S...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
SEMAFO (TSX: SMF; US-OTC: SEMFF) has tabled a maiden resource for the Bantou gold zone, located about 170 km south of its Mana gold mine in Burkina Faso, totaling 2.1 million inferred tonnes grading 5.35 grams gold for 361,000 oz. gold.Highlights from the Bantou Proximal zone include 5.21 grams gold over 11 metres from 62 metres downhole and 7.35 grams gold over 3 metres from 95 metres downhole.S...Read More
Aurelius Value said traders are paying a "blue sky" premiumThe shares of Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) got knocked lower this morning, after Aurelius Value said it's short the stock. The report calls out the newly unsealed details of "one of the most expansive and detailed whistleblower writings we have come across," which claims the company "relied on illegal sales tactics and even out...Read More
In my article last month on Barrick Gold, I discussed how the early January sell-off was expected, and it was a great opportunity to rebuy. Since then, the stock has returned 15%.The catalyst for GOLD will continue to be the rapid reduction in net debt as well as the exceptional cash flow generation from its portfolio of high-margin gold assets.We have two important price levels to watch, and the...Read More
Gold trades inversely to real interest rates, the opportunity cost of holding the metal over cash/short-term bonds.Real interest rates have peaked and are trending lower.The best scenario for gold is a situation of lower interest rates and rising inflation, thus lower real interest rates.A Regime Change For Gold Over the past several weeks, there has been a regime change for the price of gold whic...Read More
In our market report this morning, we suggested that a correlation had emerged between copper and the price of crude with copper being the leader. That observation is courtesy of Ross Clark from ChartsandMarkets.com who explained what he is seeing in his latest weekly update on This Week in Money.Click to listen to Ross Clark in the opening segment The ears of oil patch investors should perk up...Read More
"Mine development is becoming ever more risky. Download a free excerpt from the 2018 #MJWorldRiskReport https://t.co/gV4bbazgHc and safeguard your investments #mining #finance #investment #risk"Read full newsRead More
...the discovery could hold 1 billion barrels of oil equivalent of gas and condensate resources...Read full newsRead More
Tesla stock is higher after an upgrade to "buy"Dow Jones Industrial Average (DJI) futures are signaling again out of the gate, as the trade-related pessimism that plagued stocks last week has abated.Advisors to President Donald Trump have reportedly talked about a mid-March meeting with Chinese President Xi Jinping, after last week Trump said a meeting between the two leaders likely wouldn't happe...Read More
Loop Capital also targeted 22% downside for BBBY stockLoop Capital downgraded Bed Bath & Beyond Inc. (NASDAQ:BBBY) to "sell" from "hold," and cut its price target to $12 from $13. The brokerage firm called BBBY stock's recent gains "unwarranted," and said the home goods retailer's 2019 fiscal guidance is "unrealistic." Further, Loop Capital noted, "BBBY shareholders are unlikely to be 'bailed out...Read More
Boeing stock tends to outperform after government shutdowns, tooThe shares of Boeing Co (NYSE:BA) are up 1% in electronic trading, ahead of a critical week of trade talks between the U.S. and China. Also fueling the fire is a bull note from J.P. Morgan Securities, which upped its price target on the aerospace giant to $450 from $425, an 11% premium to Friday's closing perch of $404.91 and standin...Read More
There's still a chance analysts could raise their price targets on TWLO sharesCloud communications specialist Twilio Inc (NYSE:TWLO) has seen its stock outperform over the past year in a big way, rising from around $25 this time last year to Friday's close of $114.78, holding just below the Feb. 5 record high of $116.54. The company is preparing to report earnings after the close tomorrow, Feb. 12...Read More
South Africa's AngloGold Ashanti (NYSE:AU) (JSE:ANG), the world's third-largest producer of the metal, has completed the first week of underground development blasting at its Obuasi mine, in Ghana, as part of a redevelopment project that aims at having the operation pour first gold by the end of the year.The first blast, on February 1, advanced development by around 4.2 metres on the 2,700 level,...Read More
South Africa's AngloGold Ashanti (NYSE:AU) (JSE:ANG), the world's third-largest producer of the metal, has completed the first week of underground development blasting at its Obuasi mine, in Ghana, as part of a redevelopment project that aims at having the operation pour first gold by the end of the year.The first blast, on February 1, advanced development by around 4.2 metres on the 2,700 level,...Read More
We finally saw positive North American inflows into equities last weekBears jumped on last Thursday's news that a trade deal with China was doubtful before the March 1 deadline -- with the White House later confirming that it would be highly unlikely that President Donald Trump and President Xi Jinping could meet to hammer out the final details before the deadline. The news happened to coincide wi...Read More
How you can transform lagging indicators into leading indicators.Despite the strong January kick-start to 2019, many investors are still apprehensive of what's to come, especially considering some of the latest market-moving events -- think Fed policy announcements, U.S.-China trade negotiations, and earnings season, to start.While it's certainly no crystal ball, becoming familiar with the various...Read More
Italy's populists opened a new front in their clash with the country's central bank, calling on lawmakers to pass legislation stating that its gold holdings worth almost $103 billion belong to the state.The gold ownership bill presented by euroskeptic lawmaker Claudio Borghi of the League adds to an already tense relationship between the Bank of Italy and the coalition government. It's also sparke...Read More
Italy's populists opened a new front in their clash with the country's central bank, calling on lawmakers to pass legislation stating that its gold holdings worth almost $103 billion belong to the state.The gold ownership bill presented by euroskeptic lawmaker Claudio Borghi of the League adds to an already tense relationship between the Bank of Italy and the coalition government. It's also sparke...Read More
• The USD climbs to 6-week tops and exerts some fresh downward pressure. • Risk-off mood/resurfacing US-China trade tensions might help limit losses. Gold met with some fresh supply at the start of a new week and is currently placed at the lower end of its daily trading range, just above $1310 level. The precious metal struggled to build on last week&...Read More