Today is Monday, April 13, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Matrix Service Company (NASDAQ: MTRX), Texas Pacific Land Trust (NYSE: TPL), and National Oilwell Varco (NYSE: NOV).Matrix Service Company (NASDAQ: MTRX)Matrix Service Company (NASDAQ: MTRX) is a $251.3 million company today with a one-year return of -48.11%. Let's look at its pr...Read More
The price of gold is flying high as the coronavirus pandemic threatens to plunge the world into an economic depression. The World Economic Forum wrote this morning:A third of the world population is under some sort of "lockdown." Over 200 countries are affected, and the number of new cases and deaths in many places are still growing exponentially. All the while, a second crisis, in the form of an...Read More
"Fear is our greatest enemy, and hope is our greatest weapon against the disease." Robert Merivel, played by Robert Downey Jr. in Restoration (1995), a film set against the backdrop of 17th century England, during the time of the Great Plague of London, 1665-1666 "The rules are simple. At least that is how my brother sees it. One, avoid the infected at all costs. Their breath is highly contagio...Read More
Strengths? The best performing precious metal for the holiday shortened week was silver, up 7.26 percent, likely on the waves of money printing that's just getting started. Gold rose above $1,700 an ounce for the first time since 2012 on Tuesday after March's panic selling to raise cash has subsided. ETFs backed by gold added 263,504 troy ounces on Wednesday, bringing net purchas...Read More
By Stefan Gleason"All of the projection models were wrong. All of them," admitted New York Governor Andrew Cuomo in an interview last week with MSNBC.Governor Cuomo had been issuing frantic demands for tens of thousands of ventilators... that turned out not to be needed as the rate of new hospitalizations for COVID-19 infections in New York plunged with surprising speed.Governor Cuomo had warned...Read More
Christmas of 2019 I had advised to invest in gold and silver for Easter of 2020. Now I am asking to invest in gold and silver this Easter for Christmas of 2020. Overall gold and silver will continue to rise till Christmas. Even if the corona virus pandemic gets over and a vaccine is found (before Christmas of 2020), gold and silver will continue to rise. There is an over $40 price difference bet...Read More
The opportunities surrounding a potential district-scale prospect are outlined by Hannan Metals CEO Michael Hudson in conversation with Maurice Jackson of Proven and Probable.Maurice Jackson: Today we will introduce an early-stage exploration company focused on identifying district-scale high-grade copper and silver systems in Peru. Joining us for our conversation is Michael Hudson, the CEO of Han...Read More
Sector expert Michael Ballanger offers his take on how investment tactics have changed over time, as well as on recent market moves. Back in the Dark Ages, before cellular phones and the Internet, I was studying to complete the Ontario Securities course one afternoon when I came across the part discussing "asset allocation" and "portfolio construction." This section covered the recommended mix of...Read More
Calibre Mining announced drill results from the El Limon Panteon deposit that included 17.77 g/t gold over 10.8 meters. In a news release, Calibre Mining Corp. (CXB:TSX.V; CXBMF:OTC.MKTS) announced drill results from the Panteon deposit, which is part of the El Limon mine complex located in northwestern Nicaragua.The company stated that "the drilling results confirm the continuity of high-grade g...Read More
"Fear is our greatest enemy, and hope is our greatest weapon against the disease." Robert Merivel, played by Robert Downey Jr. in Restoration (1995), a film set against the backdrop of 17th century England, during the time of the Great Plague of London, 1665-1666 "The rules are simple. At least that is how my brother sees it. One, avoid the infected at all costs. Their breath is highly contagio...Read More
Strengths? The best performing precious metal for the holiday shortened week was silver, up 7.26 percent, likely on the waves of money printing that's just getting started. Gold rose above $1,700 an ounce for the first time since 2012 on Tuesday after March's panic selling to raise cash has subsided. ETFs backed by gold added 263,504 troy ounces on Wednesday, bringing net purchas...Read More
By Stefan Gleason"All of the projection models were wrong. All of them," admitted New York Governor Andrew Cuomo in an interview last week with MSNBC.Governor Cuomo had been issuing frantic demands for tens of thousands of ventilators... that turned out not to be needed as the rate of new hospitalizations for COVID-19 infections in New York plunged with surprising speed.Governor Cuomo had warned...Read More
Christmas of 2019 I had advised to invest in gold and silver for Easter of 2020. Now I am asking to invest in gold and silver this Easter for Christmas of 2020. Overall gold and silver will continue to rise till Christmas. Even if the corona virus pandemic gets over and a vaccine is found (before Christmas of 2020), gold and silver will continue to rise. There is an over $40 price difference bet...Read More
Silver's demand fundamentals are more heavily influenced by overall economic health. If the economy is in recession, silver prices can...by Simon Black of Sovereign ManBy the mid-6th century BC, Darius the Great was 'King of Kings', ruling over the vast Achaemenid Empire.By that time, gold and silver had already been in use by earlier civilizations for thousands of years.There are cuneiform tablet...Read More
RAPAPORT... Exhibitors who had signed up for Baselworld's 2020 show are frustrated over the fair's choice of new dates and refund options after the show was postponed due to the coronavirus outbreak.Organizers MCH Group delayed the fair, which was due to take place April 30 to May 5 alongside Watches & Wonders Geneva. However, the new edition, scheduled for January 28 to February 2, 2021,...Read More
RAPAPORT... US imports of goods used in the retail industry fell to their lowest level in five years in March, signaling that the slowdown in consumer spending will likely extend to the second half of the year."The COVID-19 pandemic is unraveling the economy nationally and globally as most of the world moves toward a lockdown that entails the closure of significant portions of both the servic...Read More
RAPAPORT... Diamond jeweler Graff will contribute $1 million to help at-risk countries stem the spread of the coronavirus.The company will give the money through its charity foundation to the COVID-19 Solidarity Response Fund, which was created by the World Health Organization (WHO). The funds will be used to provide essential medical supplies in vulnerable communities and to accelerate the d...Read More
(IDEX Online) - Petra Diamonds saw prices for its rough stones fall 27 per cent in February, compared with the same month last year, as coronavirus brought its mining operations to a halt. The UK-listed firm has put its Williamson mine in Tanzania on care and maintenance from the middle of April, and government lockdowns on its Finsch, Cullinan and Koffiefontein mines in South Africa will be revie...Read More
(IDEX Online) - British jeweler Graff has become the latest to announce a donation to combat coronavirus. It's giving $1m through the Graff Foundation charity to the COVID-19 Solidarity Response Fund, set up by the United Nations Foundation. The money will go towards critical work tracking and understanding the spread of the virus, providing patients and frontline workers with appropriate car...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 12 points in pre-opening trade;Crude oil gained $0.31 to $23.07 after OPEC and its allies agreed to reduce their oil production quotas by 9.7 million barrels from May 1st to June 30th.Starbucks slipped $0.54 to $73.34 after Wedbush lowered its target price from $84 to $71.Carnival dropped $0.35 to $12.07 after Wedbush...Read More