• Gains strong traction on heavy USD supply. • Comments by Chinese officials weigh heavily on the USD. • Reviving safe-haven demand lends additional support. After an initial dip to one-week lows, gold gained some fresh traction and spiked to near 4-month tops in the past hour. The precious metal touched an intraday high level o...Read More
The U.S. stock market closed out last year with impressive gains -- a trend that was echoed in our Top Stocks for 2017. On the list of 10 names we recommended was Whole Foods Market, Inc. (WFM), which proceeded to rack up a 35.62% return after our bullish recommendation -- thanks largely to a high-profile takeover by Amazon (NASDAQ:AMZN). Here's a closer look at what put WFM on our radar, and how...Read More
WASHINGTON (Reuters) - The U.S. Federal Reserve said on Wednesday that its remittances to the U.S. Treasury for 2017 are expected to fall to $80.2 billion in part because of a rise in the interest paid by the central bank to financial institutions.In its preliminary estimate of its 2017 results, the Fed also said the interest paid by the Fed to major banks last year rose to $13.8 billion.For 2016,...Read More
The government of Boungaville, an autonomous region in Papua New Guinea, has set an indefinite freeze on plans to restart mining at one of the world's biggest open-pit copper operations, shut by a civil war in 1989.Authorities fear the reopening of Panguna mine, donated by Rio Tinto in 2016, could open old wounds, as landowners voted last month on whether or not Bougainville Copper Limited (BCL) -...Read More
Mr. Peter Tallman reportsKLONDIKE GOLD CONFIRMS 1 KM CONTINUITY, THREE MINERALIZED SUB-ZONES AT LONE STAR TARGET, YUKON Klondike Gold Corp. has released drill assay results from 22 new holes at the Lone Star target located 20 kilometres from Dawson, Yukon, within the company's 553-square-kilometre property spanning the entirety of the Klondike alluvial gold placer district.Klondike Gold's chief e...Read More
DALLAS (Reuters) - The Federal Reserve must be wary of the “risk of overheating” the economy in the wake of sweeping tax cuts that could raise already unsustainable debt levels even while they boost business investment, Dallas Fed President Robert Kaplan said on Wednesday.“We want to avoid a situation where we have such an overheating that we’re playing catch up,” Kap...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday blasted the U.S. court system as “broken and unfair” after a federal judge blocked his move to end the program protecting young immigrants brought to the United States illegally by their parents, commonly known as “Dreamers.”The Trump administration in September announced it would rescind the Deferred Action fo...Read More
The rally in Gold and gold mining stocks easily surpassed our expectations and targets. The strength has been far more than we anticipated. The gold stocks blew past their 200-day moving averages while Gold blew past $1300/oz. Now it is time to take a technical look and focus on the key support and resistance targets.The strength of the rebound pushed the miners well beyond their 200-day moving av...Read More
WASHINGTON (Reuters) - U.S. wholesale inventories rose slightly more than initially estimated in November, suggesting that inventory investment will probably contribute to economic growth in the fourth quarter.The Commerce Department said on Wednesday that wholesale inventories rebounded 0.8 percent after dropping 0.4 percent in October. The department reported last month that wholesale inventorie...Read More
Amazon.com, Inc. (NASDAQ:AMZN) is back in the headlines after receiving a price-target increaseto $1,385 from $1,375 at J.P. Morgan Securities. In a note to clients, the brokerage firm cited expectations for margin growth in 2018, and high hopes for the company's web services unit. Echoing a similarly upbeat note from Morgan Stanley last November, J.P. Morgan said AMZN has the potential to be a $1...Read More
Precious metals seem to have bottomed. We should see rising prices over the next month or so.Long term sentiment is neutral. No need to take profits.Miners and silver should now begin again to outperform gold.Gold (NYSEARCA:GLD) is bouncing this morning which could possibly mean that the complex has just printed a half-cycle low. The yellow metal has actually remained quite strong since the start...Read More
Blockchain buzz has taken Wall Street by storm in recent months, with IT issue Ameri Holdings Inc (NASDAQ:AMRH) and photography icon Eastman Kodak Company (NYSE:KODK) the latest stocks rallying on new cryptocurrency ventures. Here's a closer look at the news that's boosting shares of AMRH and KODK today.Ameri Holdings Stock Hits New HighsAmeri Holdings stock has nearly tripled out of the gate -- l...Read More
Earlier this week, brokerage firm Wedbush cut its price target on IMAX Corp (NYSE:IMAX) to $30 from $31. Piper Jaffray followed this up by downgrading the stock to "neutral" from "overweight" this morning, and slashed its price target to $21 from $28. The analyst in coverage said moviegoers are becoming less likely to pay the higher prices for IMAX movies, and that the market in China is becoming...Read More
Two airline stocks arehigher this morning, after analysts issued some lofty price-target hikes. Southwest Airlines Co (NYSE:LUV) receivedprice-target hikes to $74 from both Raymond James and Barclays. Not to be left out, United Continental Holdings Inc (NYSE: UAL) also received a price-target hike to $74from Cowen and Company, after the airline reported well-received December traffic metrics....Read More
Following suit with the record-breaking performance by stocks, many of our subscription trading services finished strong in 2017. In particular, though, our credit spread-focused Wealthbuilder program actually wrapped up the year with a perfect record, as every single trade recommended during the 12-month stretch expired a winner. To find out more about this remarkable 100% win rate, we spoke with...Read More
SEOUL (Reuters) - U.S. President Donald Trump told his South Korean counterpart Moon Jae-in he is open to talking with North Korea, the South's presidential office said on Wednesday after they had spoken by telephone.A day after North and South Korea held their first talks in more than two years, Trump said there would be no military action while talks are ongoing, the Blue House said in a stateme...Read More
Gold stocks having EV/EBITDA equivalent to global peer average of 9.4X or higher.Gold stocks having stable fundamentals and a strong position despite lower gold prices and forex.Sound market valuation due to substantial organic growth opportunities in project pipeline. Source: The Balance Investment Thesis Enterprise Value to Earnings before Interest Depreciation and Amortization ((EV/EBITDA)): Th...Read More
(Reuters) - Chicago Federal Reserve Bank President Charles Evans on Wednesday said that in late 2017 when the rest of his Fed colleagues decided to raise interest rates for a third time, he wanted to wait until mid-2018 for another rate hike.“I’d feel a lot more confident if I saw those transitory reductions in the inflation rate go away,” he said, explaining his dissent in his f...Read More
SEOUL (Reuters) - South Korean President Moon Jae-in credited U.S. President Donald Trump on Wednesday for helping to spark the first inter-Korean talks in more than two years, and warned that Pyongyang would face stronger sanctions if provocations continued.The talks were held on Tuesday on the South Korean side of the demilitarized zone, which has divided the two Koreas since 1953, after a prolo...Read More
Klondike Gold Corp. has been halted at 6:25 a.m. PT on Jan. 10, 2018, at the company's request, pending news.© 2018 Canjex Publishing Ltd. All rights reserved.Read More