Taiwan on Thursday conducted live-fire war drills along its west coast amid mounting fears that Chinese President Xi Jinping could use military force to annex the democratic island.Continue...Read More
A CIBC report specified 2018 production and 2019 production guidance figures. In a Jan. 16 research note, CIBC analyst Cosmos Chiu reported that SSR Mining Inc.'s (SSRM:NASDAQ) three producing mines each exceeded the upper end of annual production guidance in 2018. Further, production guidance for 2019 implies growth.The company's production in 2018 totaled 2.8 million ounces (2.8 Moz) silver, ab...Read More
A BMO Capital Markets report provided this Canadian company's Q4/18 and full-year 2018 production numbers for gold, silver and copper. In a Jan. 14 research note, BMO Capital Markets analyst Andrew Kaip reported that Yamana Gold Inc.'s (YRI:TSX; AUY:NYSE; YAU:LSE) Q4/18 production for gold, silver and copper exceeded forecasts and costs came in at or below guidance. "The company capped off the ye...Read More
A ROTH Capital Partners note provided this miner's Q4/18 production numbers and a near-term outlook for one of its recently acquired Nevada mines. In a Jan. 16 research note, analyst Jake Sekelsky reported that Hecla Mining Co.'s (HL:NYSE) 2018 production was "in line with expectations." However, because ROTH Capital Partners anticipates that the miner's ramp-up to 550 tons per day (550 tpd) at F...Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Coming up our good friend David Morgan of The Morgan Report joins me for a conversation on a range of topics, including his 2019 outlook for a number of different asset classes, most notably gold and silver. Don’t miss a fantastic preview of 2019 with the Silver Guru, David Morgan, coming up after this week’s mark...Read More
Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, f...Read More
Michigan State Economics Professor Mark Skidmore is being refused access to data that could explain $21 trillion in "missing money" from HUD and DOD. Now, the entire federal budget has been turned into a national security issue. There is literally no more public access to what the government spends your tax money on. Skidmore says, "Now, as of October 4th, we have effectively two sets of books. We...Read More
"I'll tell you this. If the youth use continues to rise, and we see significant increases in use in 2019, on top of the dramatic rise in 2018, the entire category will face an Continue...Read More
Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries. Read More
"We've really had a very extraordinary number of meetings and a deal could very well happen with China. It's going well. I would say about as well as it could possibly go."Continue...Read More
"The relationship between the U.S. and Saudi Arabia cannot move forward until Crown Prince Mohammed bin Salman is dealt with," Graham stated.Continue...Read More
The study projects a $752 million net present value and an 87% internal rate of return. Los Filos MineLeagold Mining Corp. (LMC:TSX.V; LMCNF:OTCQX) announced in a news release that a "very positive," independent feasibility study for its Los Filos mine expansion is finished. The mine is located in Mexico.The study results and NI 43-101 technical report are based on $30 million of exploration work...Read More
- History may repeat itself for gold demand and prices as world economy looks set to slow- Three reasons for gold's extended rally from 2008 to 2011 may be making a comeback- As global growth looks to be slowing, hopes grow for repeat of 2008-11 rally that saw gold almost triple in valueby Clyde Russell of Thomson ReutersThe three legs that supported gold's extended rally from just after the 2...Read More
Failure of gold to break and trade over $1304 by the 25th of January will result in fatigue and a fall to $1272 and $1256. This is just a technical view. However sharp dips should be used to invest with a trailing stop loss below $1230 for the end of April and a price target over $1410. The reason for the above cautious view (despite being very bullish on gold even at the current price of $129...Read More
Gold is currently trading at $1,282 – down 0.36 percent on the week – its first weekly loss since the second week of December. Notably, the yellow metal has breached the 10-day-long narrowing price range with the drop to ten-day lows. A prolonged period of consolidation is usually followed by a big move in the direction of the breakout. So, the yellow metal could drop sharply next week...Read More
Positive U.S.-China trade headlines fueled the risk-on tradingStocks sailed into the long weekend with a big win, as a fresh batch of U.S.-China trade headlines fueled investors' appetite for risk -- and offset a negative earnings reaction for Netflix (NFLX). The Dow added more than 300 points as trade-sensitive Caterpillar (CAT) climbed and oil major Chevron (CVX) surged on a big bull note, while...Read More
China offered U.S. trade negotiators a six-year boost in imports, officials familiar with the matter tell CNBC.China pegged its proposal to buy more U.S. goods through 2024 to President Donald Trump's hopes of being re-elected to a second term in 2020, the sources told CNBC.Chinese officials made the offer during negotiations in Beijing earlier in January, Bloomberg News reported.Kayla Tausche | M...Read More
Markets went into a tailspin in the second half of 2018. File image.Private capital tracker Preqin says in an update that contrary to expectations, 2018 was another bumper year for the industry, particularly for natural resources investments.Fundraising by unlisted funds for investment in natural resources - oil and gas, timberland, farmland, water and mines - set a fresh record in 2018 and is lik...Read More
HBI's rally into a historically bearish trendline could mark a selling opportunityThe shares of Hanesbrands Inc (NYSE:HBI) have rebounded sharply off their Dec. 24 five-year closing low of $11.62, up 27.7% since then to trade at $14.84. However, in its attempt at a comeback, the apparel name is now testing the waters around a key trendline -- sending up a potentially bearish signal that has has se...Read More
Weak fourth-quarter guidance means a new record low for CASAStocks are cruising into the long weekend on U.S-China trade talk optimism. Luxury retailer Tiffany & Co. (NYSE:TIF) is higher, while Bowflex parent Nautilus, Inc. (NYSE:NLS) and broadband network solutions provider Casa Systems Inc (NASDAQ:CASA) are sharply lower. Below, we'll take a look at what's moving the shares of TIF, NLS, and CASA...Read More