Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Several weeks ago I sent you a video commentary on how important money velocity is and why Dr. Lacy Hunt is the master of this concept, which I now call the "acid test" for developed and emerging country economies.Continue...Read More
As green energy initiatives boost the need for graphite, one company continues to explore for the element in an unlikely place. Graphite is the most common non-metal substance that can conduct electricity with significant heat resistance. It is no surprise that strong demand for graphite is fueled by the new economy: green energy initiatives, including lithium-ion batteries (electric vehicles and...Read More
Sector expert Michael Ballanger explores the latest news regarding this company's Colorado mine asset. As a preface to my remarks, it should be known that Western Uranium & Vanadium Corp. (WUC:CSE; WSTRF:OTCQX) CEO George Glasier was the founder of U.S.-based Energy Fuels Inc. (EFR:TSX; UUUU:NYSE.American), currently the second-largest producer of uranium in the U.S. George departed EF in 2010. A...Read More
Market participants held back on trading low-grade manganese ore on fears of further price drops in the run-up to year end, Fastmarkets learned in the latest pricing session in the week ended Friday November 30. Low-grade ore prices slide in China High-grade ore price inches up on stock-building activity Chinese physical manganese alloy price holds in spite of futures drop India...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
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
President Trump and President Xi Jinping agreed to haltescalation in their trade conflict. At the same time, the Fed officials becamemore cautious about the pace of future interest rate hikes. How will thesoftening of the US trade and monetary policies affect the gold market?Trade Truceand GoldHave you heard about the Christmas truce? It was aseries of unofficial ceasefires across the Western Fron...Read More
To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year’s December OPEC meeting. It seems like just yesterday when OPEC met in 2016 and decided to cut production by 1.8 million barrels daily, including from Russia, to reverse the free fall of oil prices. At the time, it worked because everyone was desperate. Now,...Read More
Three things have tweaked the fundamentals for gold.1) Bitcoin is not attracting the hot cash, unlike 2016.2) Fed's Powell dovish switch, now less expectations for interest rate hikes in 2019. 3) China to import more goods from the USA, hence more US Dollars required.The question now is will this move gold back to resistance before year end? Gann angles look good, cycle looks attractive, now we wa...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
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
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
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
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
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
By Craig HemkeCopper is often referred to as "Dr. Copper" for its ability to foreshadow moves in other markets and the global economy in general. Today we coin the term "Mr. Palladium", as this particular metal may be offering its own bit of foreshadowing. And what might that be? Perhaps the end of the entire LBMA/COMEX Digital Derivative and Fractional Reserve Pricing Scheme. You may recall tha...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