Dec 07, 2018 Guest(s): John LaForge Head of Real Asset Strategy, Wells Fargo The supply-demand fundamentals are turning in favor of commodities for 2019, especially the metals, this according to John LaForge, head of Real Asset Strategy at Wells Fargo. "Metals are the one real positive we like above and beyond everything else, particularly silver, particularly platinum. So we like commodities, b...Read More
Dec 07, 2018 Guest(s): Bill Baruch President, Blue Line Futures Gold will see renewed strength as a safe haven asset following the next December rate hike from the Federal Reserve, said Bill Baruch, president of Blue Line Futures. On palladium, Baruch said that new regulations in the U.S. may create more demand for catalytic converters in automobiles, which is bullish for the metal. "You may hav...Read More
Please Note: Most US markets will be closed tomorrow for a national day of mourning. "Meanwhile, futures giant CME Group CME will shut down trading of interest-rate and futures and options products for the day, though electronic trading and trading in energy and metals futures will have a regular session, including those for oil and gold. "We are deeply saddened by the passing of President Geor...Read More
- "Time is running out" - Sir David Attenborough- "Continuation of civilisation is in your hands," Attenborough warns world leaders- Mass extinction is "on the horizon"- Failure to 'join the dots' between environmental risks and significant economic challenges(Editors note: The world faces some very serious ecological challenges due to the pollution, destruction and over consumption of our natur...Read More
In our house discussions about BREXIT are banned these days. Mrs Norman thinks that the topic is like a faulty lightbulb … too much heat and not enough illumination … and she is right. Besides, for most Brits it has also become deeply boring as we have quite frankly moved from 100% saturation on the topic … to beyond. Yet it remains a deeply important story. Perhaps the...Read More
Right now, the demand for marijuana is now through the roof and this small-cap cannabis company could rise as a major player! The marijuana industry is close to wrapping up a very exciting year for investors. Many solid cannabis companies hit major markets expanding their exposure.Also, with former attorney general Jeff Sessions out of office, this could provide the next marijuana boom for U.S com...Read More
The 10-year Treasury yield spooked investors todayIt was a bloodbath on Wall Street today, with the Dow closing nearly 800 points lower as trade tensions between the U.S. and China reared their ugly head again. Concerns remain that the two global superpowers are actually quite far from any concrete trade deal, despite a 90-day cease-fire, as President Donald Trump took to Twitter today to proclaim...Read More
How oil and stocks perform after a sharp drop in crude pricesOil has been in the headlines lately as prices have collapsed over the past couple of months. For us, the question is always, "How will this impact stocks?" To answer this, I'm going look at how the stock market has performed after prior instances of oil declines of 30% or more. Additionally, I'll look at individual stocks that might do...Read More
BRITISH COLUMBIA - The assay results are in from Spanish Mountain Gold's drilling program for the gold project of the same name 70 km northeast of Williams Lake. The selective program targeted the high grade, near surface First zone, and the results did not disappoint.Spanish Mountain says all six drill holes are indicative of additional higher grade mineralization at depths of less than 100 metre...Read More
Could this be 9 times more valuable than Google, Facebook, and Amazon combined?It's a gadget you could conceal in the palm of your hand. A gadget that could easily pass through airport security. A gadget that could be mass produced quickly.And a gadget that holds the technology set to blow the lid off a breakthrough $15 trillion tech revolution...Of course, this gadget could stand to make a lot of...Read More
BRITISH COLUMBIA - Vancouver's Taseko Mining has made an all-share offer for Yellowhead Mining of Calgary that values the smaller company at $15.1 million. Taseko proposes to acquire all the issued and outstanding Yellowhead shares by issuing approximately 1.15 Taseko shares for each share of Yellowhead.Yellowhead is the owner of the Harper Creek copper-gold-silver project about 90 km from Kamloop...Read More
The financial sector is falling alongside the 10-year Treasury yieldBank stocks are getting blasted today, as the 10-year Treasury yield sinks. At last check, the Financial Select Sector SPDR Fund (XLF) was down 4.5% to trade at $25.99 -- pacing for its biggest one-day loss since Feb. 8. Against this backdrop, put volume is popping, with one trader targeting even bigger short-term losses.At last c...Read More
Meanwhile, RVNC stock is soaring on upbeat data for its Botox-like injectionU.S. stocks are swimming in red ink today, as bank stocks decline with Treasury yields and Apple (AAPL) falls on re-emerging concerns about demand. In fact, Apple supplier Cirrus Logic, Inc. (NASDAQ:CRUS) is in the spotlight today, after the company cut its guidance. Meanwhile, concerns about a different FAANG member have...Read More
Palladium futures notched another record settlement Tuesday, narrowing their price discount to an ounce of gold to the lowest in about 16 years. On Tuesday, the price spread fell to $66.40 an ounce, with March palladium PAH9, +2.73% up $14.60, or nearly 1.3%, to settle at $1,180.20 an ounce and February gold GCG9, +0.84% up by $7, or 0.6%, to $1,246.60 an ounce on Comex. That's the lowest price...Read More
Gold futures climbed for a second straight session on Tuesday, with a weaker dollar helping to lift prices to their highest finish in more than five months. "With the dollar facing multiple headwinds in the form of falling U.S. Treasury yields and a Fed that seems to be adopting a dovish tone, this is all good news for zero-yielding gold," said Lukman Otunuga, research analyst at FXTM, in a daily...Read More
President Trump and President Xi Jinping agreed to halt escalation in their trade conflict. At the same time, the Fed officials became more cautious about the pace of future interest rate hikes. How will the softening of the US trade and monetary policies affect the gold market? Trade Truce and Gold Have you heard about the Christmas truce? It was a series of unofficial ceasefires across the Weste...Read More
Wall Street is also monitoring a flattening yield curveThe stock market is pulling back today, with the Dow Jones Industrial Average (DJI) down more than 200 points at midday. The fuzzy feeling surrounding trade talks between the U.S. and Chinahave been replaced by skepticism that actual progress has been made. Also pressuring the blue-chip benchmark is FAANG stock Apple (AAPL), which is lower aft...Read More
AMD competition and China trade woes have created a top for the Dow nameNorthland Capital downgraded Intel Corporation (NASDAQ:INTC) to "market perform" from "underperform," and cut its price target on to $42 from $46 -- a more than 16% discount to last night's close at $50.13. The brokerage firm cited weak demand from Apple (AAPL), and said with competition from Advanced Micro Devices (AMD) and U...Read More
AZO is pacing for its best day since March 2009Shares of AutoZone, Inc. (NYSE:AZO) stock are up 7.2% to trade at $884.04, and just touched a record high of $894.37, as traders applaud the firm's earnings. The company reported stronger-than-expected fiscal first-quarter earnings, and same-store sales also beat estimates. As such, AZO is pacing for its best day since March 2009.Since its April 20 lo...Read More
The shares have already doubled in the past yearBioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) stock has been on fire lately, more than doubling in the past year. What's more, analysts at RBC see lots more upside in store for BCRX shares, hiking their price target to $16 from $10 -- representing a premium of about 73% to the security's close of $9.27 on Monday, and in territory not charted since mid...Read More