"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value." Alan Greenspan, American economist, Former Chair of the Federal Reserve 1987-2006, firm Greenspan Associates LLC; b. 1926 "Gold is a currency. It is still, by all evidence, a premier currency, where no fiat currency, including the dollar, can match it...Read More
The recent range trade in gold and silver will be broken soon and a new range will be formed. Physical gold supplies are expected to rise with Swiss gold refiners opening. I am doubtful whether they will be able to meet the current demand. Gold mines supplies are less. Russia has said that it's central bank will not buying gold at the moment. Russia will sell it mined gold in the market. Russia'...Read More
"Reuters: shrinking #nickel supplies following shutdowns linked to the new coronavirus and loss-making operations because of low prices are expected to offset weak demand from stainless steel mills and leave the market with only a small surplushttps://t.co/T9f5X4Nrad"Read full newsRead More
"Last week's other top-gaining #resource stocks on the #TSXV were G2 Goldfields $GTWO, @JerichoOilCorp $JCO, Pacific Booker $BKM and Mineral Mountain $MMV. https://t.co/4xIZOmQKfd #investing #mining #gold #oil #copper"Read full newsRead More
A surge in coronavirus cases, an expansion of economic lockdowns, and an explosion in unemployment claims hit markets this week. But this deluge of...Read full newsRead More
(Kitco News) - Torex Gold Resources Inc. (TSX: TXG) late Thursday announced that operations will be temporarily suspended at the company's El Lim??...Read full newsRead More
Puma Exploration Inc. has signed an option agreement to acquire 100% interest in the Williams Brook Gold property.Read full newsRead More
The Dow finished the day more than 1,600 higherThe Dow, with help from Boeing (BA), continued its rally to start the week, closing up over 1,600 points. The Nasdaq and S&P 500 both closed at 7% or above with utilities, materials, and tech sectors surging. Investors were encouraged by the appearance of slowing coronavirus rates in New York and Europe as well as the Trump Administration's announcem...Read More
"NEWS: FPX Nickel re-affirms anticipated timing for completion of updated PEA on Baptiste #nickel deposit in Q3/Q4 2020https://t.co/pHKl4d5NGz"Read full newsRead More
Overall options volume is pacing in the 99th annual percentile todayThe20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days, with data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Stocks highlighted in yellow are new to the list. One name that sticks out is Luckin Coffee Inc (NASDAQ:LK), with the recent volatile s...Read More
Huya's 80-day moving average has had bearish implications in the past Shares of the Chinese gaming platform HUYA Inc (NYSE:HUYA) are making another attempt to close their early March bear gap today, up 3.1% at $16.46 at last check. This comes right on the heels of Friday's failed rally, sparked by news that Tencent (TME) moved forward with an option, making it the majority shareholder in HUYA. Whi...Read More
Global Energy Metals (TSX.V:GEMC) is primed to take one of its flagship projects into the next stage of development after confirming "exceptional" metal re...Read full newsRead More
GM puts are all the rage latelyAs many experts estimate the COVID-19 pandemic will reach its peak in the U.S. this week, General Motors (NYSE: GM) asked its 600 suppliers to help manufacture medical masks by offering to share its manufacturing plans for producing personal protective equipment. GM is expected to produce 20,000 masks which will be ready to deliver by April 8. Plus, a Reuters report...Read More
Commentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game FilmRead full newsRead More
After the close every trading day check for the free Real Vision Daily Briefing. On Friday we heard from Raoul Pal who appears skeptical about the stock market's rebound. Don't forget to visit us every day after the close for Real Vision's take on market and economic developments during the COVID-19 crisisRaoul Pal appeared Friday on Daily Briefing (free)Also, on INK Ultra Money Free, we released...Read More
J.P. Morgan Securities downgraded JBLU to "neutral" from "overweight"JetBlue Airways Corp (NASDAQ: JBLU) is up 7% to trade at $8.05 at last check. This comes amid a slew of skepticism and downgrades throughout the airline sector. J.P. Morgan Securities is increasingly convinced that the airline industry's road to recovery back to 2019 levels of output will be a multi-year affair. The analyst subse...Read More
The S&P 500 and Nasdaq are also up big at middayThe Dow Jones Industrial Average (DJI) is beginning the new week with fantastic strength, currently up over 1,000 points at midday. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are soaring as well, as investors remain hopeful amid reports of stabilizing hospital rates in the U.S. Building off this silver lining are reports from New York...Read More
Kraft Heinz said it will slow restaurant supply production, while ramping up output in its packaged food units Kraft Heinz Co (NASDAQ:KHC) announced that it has significantly decreased restaurant supply production at three plants, two in the U.S. and one in the U.K., in response to dwindling consumer demand, specifically in Europe. Meanwhile, Kraft said its packaged food units are working in three...Read More
Guggenheim upgraded EBAY from "neutral" to "buy"Ebay Inc (NASDAQ: EBAY) is joining in on the broad market rally today, up 4.5% to trade at $30.70 at last check. This comes after Guggenheim upgraded the "increasingly defensive" EBAY stock from "neutral" to "buy," citing the company's valuation and minimal inventory risk.Since mid-February highs just below $40, Ebay has careened to an annual low on...Read More
Gilead said it plans on producing 1 million treatment courses of its experimental coronavirus drug by the end of 2020Gilead Sciences, Inc. (NASDAQ:GILD) is up 1% to trade at $79 this morning after the drugmaker said it plans on ramping up production on its experimental coronavirus treatment remdesivir, to 1 million treatment courses by the end of the year. Currently 1.5 million doses of the drug,...Read More