Goldcorp shareholders approved Newmont Mining Corp's $10 billion takeover offer on Thursday, removing one of the last remaining hurdles to create the world's largest gold producer.While some Goldcorp shareholders had voiced concerns in recent weeks, in the end there was little push back against blessing the biggest-ever corporate takeover in the gold sector's history, according to Refinitiv data.T...Read More
Goldcorp shareholders approved Newmont Mining Corp's $10 billion takeover offer on Thursday, removing one of the last remaining hurdles to create the world's largest gold producer.While some Goldcorp shareholders had voiced concerns in recent weeks, in the end there was little push back against blessing the biggest-ever corporate takeover in the gold sector's history, according to Refinitiv data.T...Read More
Powell's pivot from QT gave Wall Street crybabies the candy they screamed for as equities peered over the abyss in late 2018 into the next stock market crash.Capitalism without price discovery of capital is finished and with that so are fiat currencies.We discussed those financial dynamics and how they urgently necessitate the exchange of fiat for gold with John Rubino.Michael Oliver shares hi...Read More
The restaurant chain's CEO just announced her retirement The shares of restaurant chain Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) are slipping today, after CEO Denny Marie Post announced her retirement. The announcement comes at a tumultuous time for the burger company, with interim CEO Pattye Moore reporting weak first-quarter comparable-store sales, citing "challenging weather" in the U.S. A...Read More
In March, the World Gold Council released the newest edition of its Investment Update. What can we learn from the publication? Let’s examine the most recent history of Fed tightening and loosening with respect to its effect on gold prices. Is Fed’s Dovish Turn Positive for Gold? The WGC has recently published the new Investment Update about the effects of monetary policy on gold. The m...Read More
MO has been strong for most of 2019 Tobacco name Altria Group Inc (NYSE:MO) has been in hot water this week as it manages the fallout over a troubling warning from the Food and Drug Administration (FDA). Yesterday, the FDA reported a potential link between e-cigarettes and an increased risk of seizures for some users. Today Jefferies chimed in, noting that, while somewhat unlikely, the FDA inve...Read More
How you can transform lagging indicators into leading indicators.Many traders are tired of repeating the same mistakes over and over again, but are unsure how to break the cycle of bad decisions that lead to mediocre, or even poor results.And even the supposed "market gurus" or "experts" don't have the answer... or if they do, it's "all flash and no substance."But there is a REAL solution.While ot...Read More
Guggenheim has been busy boosting price targets this morningGuggenheim chimed in on several FAANG stocks this morning, lifting its price targets for Nasdaq heavyweights Alphabet Inc (NASDAQ:GOOGL), Facebook, Inc. (NASDAQ:FB), and Netflix, Inc. (NASDAQ:NFLX). Here's a closer look at those bull notes, and how the shares of GOOGL, FB, and NFLX are reacting.Guggenheim Targets Major Upside for Alphabet...Read More
Analysts see fresh highs ahead for ETSY and TWTR sharesThe rise in the share price for Etsy Inc (NASDAQ:ETSY) has been met with a number of bullish analyst notes over the past year, and this morning the stock attracted a new "buy" rating from Canaccord Genuity. The brokerage firm also set an $85 price target for ETSY, writing that there's a large under-penetrated market the company can take advant...Read More
A Peruvian judge on Wednesday ordered three years of jail time for three lawyers representing indigenous villagers who have blockaded shipments from a massive copper mine operated by Chinese miner MMG Ltd.The ruling, which a lead prosecutor confirmed on television news channels, promises to further polarize a dispute between MMG and the Quechua-speaking village of Fuerabamba, in Peru's southern co...Read More
A Peruvian judge on Wednesday ordered three years of jail time for three lawyers representing indigenous villagers who have blockaded shipments from a massive copper mine operated by Chinese miner MMG Ltd.The ruling, which a lead prosecutor confirmed on television news channels, promises to further polarize a dispute between MMG and the Quechua-speaking village of Fuerabamba, in Peru's southern co...Read More
An incident at Freeport-McMoran's Grasberg mine in Indonesia injured two workers on Wednesday while two other missing, a company spokesman said on Thursday.The injured workers have been hospitalised while rescue team continues to search for the missing. Mining operation is running normally despite the incident, spokesman Riza Pratama said.According to Bambang Gatot Ariyono, Indonesia's director ge...Read More
Gold is positioned to becomea likely prime destination for safety inthe second quarter of 2019 amid deteriorating global macroeconomic conditions and rising geopolitical risks. The yellow metal swerved back and forth in Q1, gaining roughly 0.86% due to conflicting fundamental themes. But with the narrative around slowing global growth dampening appetite for risk and the Federal Reserve solidifying...Read More
An incident at Freeport-McMoran's Grasberg mine in Indonesia injured two workers on Wednesday while two other missing, a company spokesman said on Thursday.The injured workers have been hospitalised while rescue team continues to search for the missing. Mining operation is running normally despite the incident, spokesman Riza Pratama said.According to Bambang Gatot Ariyono, Indonesia's director ge...Read More
West Virginia is dangling tax incentives for coal miners in an attempt to revive operations in the heart of Coal Country. At least one miner, Contura Energy Inc., isn't swayed just yet.Contura runs 23 surface and underground mines in the state, and incentives signed into law last week haven't yet persuaded the company to open more, Chief Executive Officer Kevin Crutchfield said. "We've got a prett...Read More
A mix of political populism, higher commodity prices and the expectation electrification will spur demand for some raw materials has led resource-holding governments to change the rules for miners operating in their countries.In most cases, governments are seeking to increase their share of profits, rather than all-out resource nationalism, although Mongolia has been trying to nationalise a stake...Read More
A mix of political populism, higher commodity prices and the expectation electrification will spur demand for some raw materials has led resource-holding governments to change the rules for miners operating in their countries.In most cases, governments are seeking to increase their share of profits, rather than all-out resource nationalism, although Mongolia has been trying to nationalise a stake...Read More
A mix of political populism, higher commodity prices and the expectation electrification will spur demand for some raw materials has led resource-holding governments to change the rules for miners operating in their countries.In most cases, governments are seeking to increase their share of profits, rather than all-out resource nationalism, although Mongolia has been trying to nationalise a stake...Read More
A conservation group is calling on the Saskatchewan government to do more after raising concerns about a proposed potash mine near the village of Sedley.CanPacific Potash is proposing a new 3.25 million tonne per year solution potash mine and submitted its environmental impact assessment to the province in January.Continue reading...Read More
POTUS is slated to meet with Chinese Vice Premier Liu He laterStock futures are choppy this morning, as traders eye U.S.-China trade negotiations. Ahead of today's meeting with Chinese Vice Premier Liu He, U.S. President Donald Trump tweeted negotiations with Beijing are "moving along nicely." However, a Wall Street Journal report hinted at several remaining hurdles, including Washington's request...Read More