Amid the COVID-19 pandemic, Warren Buffett has been doing a considerable amount of selling, dumping his entire stake in commercial U.S. airlines and trimming his significant bank exposure. Recently, Warren Buffett scooped up shares of top-tier gold miner Barrick Gold (TSX:ABX)(NYSE:GOLD) after having slammed the yellow metal for the majority of his investment career.Given recent stock sales and hi...Read More
NOA is a compelling opportunity for value investors with a longer-term time horizon to own a wealth-generating company which can be bought today near its tangible book value.North American Construction Group has seen some success from its initiatives into coal in Texas and Wyoming.Although stocks have recovered much of the lost ground from their worst lows in March, PI Financial analyst Devin Schi...Read More
It had announced plans earlier in the day to raise $45 million, priced at $1.85 per share and $2.68 per flow-through share.The underwriters, led by Cormark Securities and Stifel GMP, were granted an over-allotment option.The company said proceeds would be used for exploration, pre-development and development activities at its flagship, "shovel-ready" Bateman project in Ontario, plus for general wo...Read More
"We are very disheartened by the federal government's decision on the Castle project given the expansion fell well below the threshold to being subject to the IAA," said Mining Association of CanadaRead More
Codan's overall sales surged 29% year-on-year to A$348 million but the small mining-focused tracking solutions business saw a 32% retraction to $7.6 million. The company's net profit after tax was up 40% to $64 million for the year.In 2018, after Codan entered a strategic collaboration agreement with the world's biggest mining machinery maker, Caterpillar, CEO Donald McGurk said the alliance was a...Read More
Miners and explorers were quick to say operations were unaffected and they were closely monitoring the developing situation.Barrick said yesterday its Loulo-Gounkoto complex had not been affected and operations were continuing as normal.It noted it had "an adequate inventory for its foreseeable requirements and management has taken steps to secure its supply lines".Verisk Maplecroft senior Africa...Read More
I'm not sure how a global pandemic became a political issue.I'm not sure how we got to this place where non-mask wearers are being assaulted by the mask police.And I'm not sure how we got to this place where business owners who require customers to wear masks are being assaulted by folks who have equated mask wearing with some kind of violent attack on their constitutional rights. No shoes, no s...Read More
The stock market does not reflect the economic reality, and this overdue correction can be expected as soon as this fall, said Gerald Celente, publisher of The Trends Journal."I believe, September or October, we're going to see the markets unravelling the way they should. There's actually no reason for them to be going up, only a few stocks should be going up and the whole thing should be breaking...Read More
Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the NYSE. He i...Read More
There's been a lot of questions and concerns regarding the next most likely outcomes for us both socially and economically. And while I can't tell you exact what's going to happen, I can definitely prepare you for the top 3 scenarios. So today I'm going to show you how to protect yourself from inflation, deflation, and even confiscation.Lynette Zang has held the position of Chief Market Analyst at...Read More
Lynette Zang and Chris Rice discuss the digital dollar, digital ID, the Banking For All Act, and if we have time Blockchain voting & the USPS.Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and...Read More
Bob Kudla breaks down the economy, he explains how gold and silver and other precious rise and fall. Bob explains how the payroll tax cut holiday is going to benefit people and businesses, the tax cut puts more currency back into the people's pocket. Oil is a game changer, the US is now becoming energy independent and the same time keeping the oil price stable for the US population. Trump is looki...Read More
Regarding the sharp sell off on Wednesday, Hug lays the blame on lots of long positions that needed lightening ahead of the Fed announcement."They were just making sure that if the Fed said something different...they would be able to take some money off the table. And I think that caused the selling today," said Peter Hug, head of Kitco's precious metal division.Peter Hug has been involved in prec...Read More
Two renowned economists debate the political and economic climate and offer a unique "Washington to Wall Street" perspective on the long- and short-term implications of the Presidential election results on investors' portfolios.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Globa...Read More
"I just got banned from @Delta for posting a picture. Wow."Continue...Read More
China, on the other hand, "did a very good job of suppressing the virus," due to the "typical, fairly authoritarian" approach and the "individual rights that were violated."Continue...Read More
Back in the simpler days of 2019, there was this (now completely forgotten) impending crisis in which emerging market countries' dollar-denominated debt was going to blow up their - and by extension the rest of the world's - economies.Continue...Read More
Mohamed El-Erian, chief economic advisor at Allianz, joins "Squawk Box" to discuss how the economic recovery compares to the market's trajectory.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-E...Read More
"Amy, 11, becomes fascinated with a twerking dance crew. Hoping to join them, she starts to explore her femininity, defying her family's traditions."Continue...Read More
"COVID is now the No. 3 cause of death in the U.S. - ahead of accidents, injuries, lung disease, diabetes, Alzheimer's, and many, many other causes."Continue...Read More