Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she was recruited to work for an intern...Read More
As we face a major election this May in Europe, truly there is rising discontent among member states that this is just not working. The demands of austerity are tearing Continue...Read More
Last Friday I talked about how we have been in a muted Economic Winter Season. We may have had the greatest stock market bubble ever, but our economic "recovery" has been the Continue...Read More
"The two sides have further made concrete progress on the text of the trade agreement between the two sides," the report stated.Continue...Read More
Continental Gold's (TSX:CNL; OTCQX:CGOOF) shares surged over 11% on Friday, the same day the Toronto- based miner announced that it obtained a $175 million financing package backed by Newmont and Triple Flag Mining Finance.The package includes a $50 million debenture from Newmont, and a $100 million gold and silver stream from Triple Flag . Each of the debentures will be convertible at the h...Read More
Continue...Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Don...Read More
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) reported 2018 income of $394.3 million-a 255.4% jump over 2017's $110.9 million-driven by an increase in gold production and sales from its Oyu Tologi copper-gold mine in Mongolia.Gold production surged 150% year-on-year to 285,000 ounces, while copper production of 159,100 tonnes marked a 1.1% increase over 2017. The income jump was driven by an inc...Read More
Silvercrest Metals (TSXV: SIL; NYSE: SILV) has upgraded the resource at its Las Chispas silver-gold property in Sonora, Mexico, to the indicated category for the first time.The project now contains 1 million indicated tonnes grading 6.98 grams per tonne gold and 710.6 grams silver, or 1,234 grams silver equivalent, for 224,900 oz. gold and 22.89 million oz. silver, or 39.8 million oz. silver equi...Read More
RUSTENBURG - South Africa's labour court has rejected a request by the Association of Mineworkers and Construction Union (AMCU) to hold an industry-wide strike covering the platinum and gold sectors, Anglogold Ashanti, Anglo American Platinum and Lonmin said on Friday.AMCU has been on strike at Sibanye-Stillwater's gold operations since mid-November in a pay dispute. It wanted to extend the strike...Read More
Newmont Mining (NYSE:NEM) announced Friday that the $245-milion power station project for its Tanami gold mine in northern Australia had been completed.The world's No.2 gold and copper producer, which has fully owned and operated the mine since 2002, said the project included the installation of two power stations, a 66 kV interconnected power line, and a 450 km natural gas pipeline.Newm...Read More
Canada's Warrior Gold (TSX-V: WAR) started a drilling campaign this week at its Goodfish Kirana project in Kirkland Lake, Ontario.The property is located approximately 6 kilometres north of the Cadillac Larder Lake Fault Zone in Kirkland Lake and, according to Warrior, hosts numerous gold showings, pits, shafts and several historical underground workings.The exploration program in progress involve...Read More
A CIBC report discussed the pros and cons of the transaction. In a March 12 research note, CIBC analyst Oscar Cabrera reported that Imperial Metals Corp. (III:TSX) agreed to sell 70% of its flagship Red Chris mine in British Columbia to Newcrest Mining Ltd. (NCM:ASX) for US$806.5 million. On that news, CIBC upgraded its rating to Neutral from Underperformer and more than quadrupled its target pr...Read More
A Macquarie report discussed a handful of highlights from management's presentation. MAG's Juanicipio JV ProjectIn a March 6 research note, Macquarie analyst Michael Gray reported the key points from MAG Silver Corp.'s (MAG:TSX; MAG:NYSE.MKT) technical luncheon at the PDAC Conference. MAG President and CEO George Paspalas and Chief Exploration Officer Peter Megaw made the presentation, which took...Read More
Apple brought its daily win streak to sixStocks closed out the week with a bang, as renewed hope over a potential U.S.-China trade deal offset a dismal batch of economic data -- including a lower-than-expected rise in industrial production last month. Another strong day for tech only stoked the bullish flames, with chip stocks surging after Broadcom (AVGO) earnings and Apple (AAPL) notching a sixt...Read More
Raymond James sees 60% upside for the sharesMagenta Therapeutics Inc (NASDAQ:MGTA) is among the best Nasdaq stocks today, thanks to some upbeat analyst attention. Specifically, Raymond James launched coverage of the biotech stock with an "outperform" rating and $22 price target -- representing a 60% premium to Thursday's close. The analyst gave three reasons for the bullish initiation: encouraging...Read More
Boeing created headwinds for the Dow this week, thoughStocks rebounded after last week's dismal performance, with the major market indexes snapping their longest consecutive stretch of daily losses since before the 2016 U.S. presidential election. While the tech-heavy Nasdaq outperformed its peers on a strong showing from Apple (AAPL), the Dow managed to brush off stiff Boeing (BA) headlines and m...Read More
CREE topped out at a new high earlier Cree, Inc. (NASDAQ:CREE) stock is red-hot today -- up 6.9% at $57.25, and fresh off a nearly five-year high of $57.51. Fueling the upside is news the LED specialist is selling its lighting products business to Ideal Industries, which Canaccord Genuity said allows CREE "to remain focused on growth opportunity" in its Wolfspeed division. This is strengthening br...Read More
Options volume has ramped up on ULTA today, tooThe Dow is heading toward a solid weekly win as Wall Street's "fear gauge" sinks. Drugmaker Soleno Therapeutics Inc (NASDAQ:SLNO) and cosmetics peddler Ulta Beauty Inc (NASDAQ:ULTA) are two stocks making notable moves higher today. Here's a quick look at what's got the shares of SLNO and ULTA climbing today. Upbeat Late-Stage Study Sends SLNO to Be...Read More
If you have been following our research over the past few months, you already know that we’ve called just about every major move in Gold over the past 14+ months. Recently, we called for Gold to rally to $1300 area, establish a minor peak, stall and retrace back to setup a momentum base pattern. We predicted this move to take place back in January 2019 – nearly 30+ da...Read More
Import tariffs on steel products in the United States created under Section 232 are likely to remain in place at least until the end of 2019, the chief executive officer of Gerdau, Gustavo Werneck, said during an event at the New York Stock Exchange on Wednesday March 13.The move from Donald Trump's administration boosted metal spread margins for steel producers in the US. This spread - calculated...Read More