Theaction in silver is really interesting. Let’s check the prospects for volatilewhite metal, and the relevant historical analogy it offers. Is the major 2008 –2020 analogy in terms of price moves remains intact? In short, yes. SilverShares Its Two CentsSilverplunged to our initial target level and reversed shortly after doing so. It wasfor many months that we’ve been featuring t...Read More
I think the case is closed, or it should be closed. But with firmly ingrained perceptions passed down from one generation of inflationist gold bugs to the next, you never know. Remember the old dismissive “gold is silver is copper is tin is oil is hogs” line from the 2003-2008 time frame? Probably not, but I remember it because it was me saying it against an army of inflationist commod...Read More
Negative oil prices isanother corona consequences that no one saw coming. A 30% drop in world oil demand due to the corona lockdown's resulting in demand falling to 70m barrels per day, whilst the producers are pumping out over 90mbd meant that storage faculties had become saturated, thus nowhere to transport new supply to. What actually triggered the collapse was the expiry of May NYMEX oil futur...Read More
Vancouver, BC - January 6, 2020 - Surge Exploration Inc. Read moreRead full newsRead More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort287,38224,65344,448114,902408,531446,732477,632Change from Prior Reporting Period 5,119-8,0393,519-1,90611,6506,7327,130Traders20354715959290159 Small Speculators (C) GoldSeek.com LongShortOpen Interest 54,08423,184500,816 9265287,658 non reportable positionsChange from the pr...Read More
By: Ira EpsteinGold market has backed off here. Not pretty on the chart action on gold..Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort287,38224,65344,448114,902408,531446,732477,632Change from Prior Reporting Period 5,119-8,0393,519-1,90611,6506,7327,130Traders20354715959290159 Small Speculators (C) GoldSeek.com LongShortOpen Interest 54,08423,184500,816 9265287,658 non reportable positionsChange from the pr...Read More
By: Ira EpsteinGold market has backed off here. Not pretty on the chart action on gold..Read More
Vancouver, British Columbia--(Newsfile Corp. - April 29, 2020) - Alamos Gold Inc. (TSX:AGI) (NYSE:AGI) President and CEO of Alamos Gold, John McCluskey, discusses the company's operating gold mines in North America and Mexico.If you cannot view the video above, please visit:https://www.b-tv.com/alamos-gold-mining-ceo-clipRead full newsRead More
The Dow finished the day down 622 pointsThe Dow marked the first day of May with a 622-point loss. The S&P 500 and Nasdaq also closed in the red, as tech giant Amazon.com (AMZN) led the indexes downward, following a less-than-stellar first-quarter earnings report. Meanwhile, U.S. President Donald Trump's tariff consideration is weighing heavy, after White House economic advisor Larry Kudlow stated...Read More
Wall Street kept its eye on the Fed's two-day meeting, while coronavirus-related headlines continued to stream in The Dow Jones Industrial Average (DJI), the S&P 500 Index (SPX) and the Nasdaq Composite (IXIC) all struggled to maintain their momentum this week, though the Dow and S&P both notched their best months since 1987. While the week started off strong as the first murmurs of plans to reop...Read More
TORONTO - Through an emergency order passed today, the Ontario government is taking steps to defer a portion of Global Adjustment (GA) charges for industrial and commercial electricity consumers that do not participate in the Regulated Price Plan for the period starting from April 2020. This initiative is intended to provide companies with temporary immediate relief on their monthly electricity bi...Read More
Amazon's first-quarter earnings missed Wall Street's estimatesThe shares of Amazon.com, Inc. (NASDAQ:AMZN) are down 8.2% to trade at $2,271, after the e-commerce giant reported first-quarter earnings of $5.01 per share, which came in lower than Wall Street's $6.25 estimate. The firm's reported revenue of $75.45 billion exceeded estimates, however. The company also forecast a possible second-q...Read More
Texas reported a single-day record jump in deaths as the state allowed some businesses to reopen...Read full newsRead More
The Dow and Nasdaq are set to eke out weekly winsThe Dow Jones Industrial Average (DJI) is stumbling into the weekend, nursing a nearly 600-point loss at midday. As if the coronavirus outbreak wasn't pressuring Wall Street enough, now there are fresh tariff threats from President Donald Trump aimed at China in retaliation for the country's handling of the COVID-19 pandemic. The S&P 500 Index (S...Read More
Co-Diagnostics shared its COVID-19 test performance dataShares of Co-Diagnostics Inc (NASDAQ:CODX) are surging 11.4% to trade at $12.63, after the molecular diagnostics company shared its COVID-19 test performance data. The test consistently demonstrates 100% sensitivity as well as specificity across independent field evaluations. Co-Diagnostics has had a volatile stretch on the charts, as its co...Read More
The company still expects store closings to impact its current quarterThe shares of Estee Lauder Companies Inc (NYSE:EL) are down 1.6% to trade at $173.87 this morning, despite a bright fiscal third-quarter report. The makeup manufacturer announced profits of 85 cents per share and revenue of $3.35 billion -- both topping Wall Street's estimates. Though the M.A.C. parent got a boost from global on...Read More
Walt Disney will report earnings next week As next week brings the first full week of May, investors look to gain any clues they can about the state of the economy. There's plenty of data to unpack, with the ADP employment report, weekly jobless claims, and Markit services Purchasing Managers Index (PMI) taking center stage amid the pandemic. Next week also brings another big session of earnings,...Read More
Moderna entered into an agreement with Lonza Group to produce its experimental COVID-19 vaccine Moderna Inc (NASDAQ:MRNA) is brushing off the broad-market selloff this morning, up 6.2% to trade at $48.89, after the biotech entered a 10-year collaboration deal with contract drugmaker Lonza Group (LONN) to manufacture up to 1 billion doses annually of a MRNA's possible COVID-19 vaccine, mRNA-1273. T...Read More
Chevron's first-quarter earnings and revenue report beat out analyst estimatesThe shares of Chevron Corporation (NYSE:CVX) are down 2.5%% to trade at $89.68, this morning. Although the energy corporation reported adjusted first-quarter earnings of $1.29 per share on revenue of $31.50 billion -- both of which handily trumped Wall Street's estimates -- the company's capital expenditure forecas...Read More