Asset Rich OPEC Nation Ecuador Opens to Mining.Recently Elected President Lenin Morena Establishes Mining Ministry and Repeals 70% Windfall Tax.Seeks to Establish Goal to Attract $3.7 Billion in Mining Investments and Add $826 Million to Tax Coffers in Next Two Years.Ecuador is the World's Last Unexploited Location to Find Tier 1 Discovery.Could Make the California Gold Rush (1848) Look Like C...Read More

Primary aluminium foundry alloy premiums in Europe were steady on Friday June 14 in an illiquid market.Fastmarkets assessed the premium for silicon 7 aluminium wheel alloys over London Metal Exchange cash prices delivered to the Ruhr region with 30-day payment terms at $340-360 per tonne on Friday. It has been at that level since April.Bearish sentiment stemming from the European automotive sector...Read More

Take advantage of the first amendment, and participate in a nation-wide poll.With the 2020 election growing ever closer, the country continues to be divided politically.From disputes about the appropriateness of displaying the Confederate flag, to rights for minorities, and the ever-growing concern about security at the U.S. border, the 2020 election promises to be contentious... if not the most c...Read More

Maxim also weighed in on HEB sharesAchieve Life Sciences Inc (NASDAQ:ACHV) has had a volatile year on the charts, making several sharp moves in both directions in 2019. Today, the shares are slightly lower, trading at $2.64, despite brokerage firm Maxim beginning coverage with a "buy" rating and $6 price target. Before today, Ladenburg Thalmann was the only firm covering ACHV shares, just raising...Read More

Global ferrous scrap prices were mostly on a downward trend in the week ended Friday June 14 due to ample supply from key exporters and limited demand from buyers.While there were numerous bookings into the key Turkish market, the transactions were made at falling prices. This led to buyers in Asia shying away from purchasing cargoes because they expected the price downtrend to continue. Turkey bu...Read More

The chipmaker said full-year revenue will be $2 billion less than previously estimatedBroadcom Inc (NASDAQ:AVGO) stock is taking a big hit post-earnings, with the Apple supplier recording fiscal second-quarter revenue of $5.52 billion, less than the $5.68 billion analysts were expecting. What's more, the chipmaker slashed its full-year revenue forecast, citing headwinds from the U.S.-China trade c...Read More

Rosenblatt Securities applauded growing profit marginsMedia giant Comcast Corporation (NASDAQ:CMCSA) is 0.7% higher at $42 this morning, after scoring a fresh "buy" rating and $50 price target from Rosenblatt Securities. The firm cited the company's growing cable profit margins and broadband market share for the catalyst behind the bull note.This type of analyst sentiment is far from unusual for...Read More

German steelmakers have settled their monthly scrap contracts for June at prices that are either unchanged or with a decrease of ?,?5 ($6) per tonne month-on-month, sources told Fastmarkets.Fastmarkets' monthly price assessment for domestic grade-E3 scrap in Germany was ?,?260-270 ($293-305) per tonne delivered on Friday June 14, compared with ?,?260-275 per tonne delivered in mid-May.Mills in the...Read More

Kura said a Phase 2 clinical study for its lymphoma drug met its primary endpoint Drugmaker Kura Oncology Inc (NASDAQ:KURA) just announced that its ongoing Phase 2 clinical trial for its experimental lymphoma drug, tipifarnib, met its primary endpoint today. The cancer researcher said the treatment's results yielded "ongoing anti-tumor activity and a manageable safety profile." KURA shares are hig...Read More

Most analysts are still bullish on RIG, thoughOil-and-gas stocks were in focus yesterday, after the tanker attacks near the Gulf of Oman and the subsequent rise in oil prices. This put drilling issue Transocean Ltd (NYSE:RIG) in the crosshairs yesterday, and even more so today after Citigroup downgraded the stock to "neutral" from "buy" and slashed its price target to $6.70 from $11. In respons...Read More

Nickel's three-month price on the London Metal Exchange was higher at the close of trading on Friday June 14, having reached an intraday high of $12,065 per tonne but failing to close above that mark, while the rest of the complex continued to trade in a downtrend.Volumes traded in nickel were moderately high over the day, with more than 9,000 lots exchanged by the close, second to copper's 11,700...Read More

Broadcom's ugly outlook could weigh on markets todayStocks are set for a weak open this morning, with futures on the Dow Jones Industrial Average (DJI) trading modestly below fair value. Traders continue to monitor tensions between the U.S. and Iran, though oil prices are giving back some of yesterday's gains, with July-dated crude futures down 0.2% at $52.16 per barrel. Meanwhile, semiconductor s...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 250,11465,87659,835137,719339,746447,668465,457 Change from Prior Reporting Period 9,637-18,4862,9375,20234,65317,77619,104 Traders 19272665756280167 Small Speculators LongShortOpen Interest 48,99531,206496,663 -2,608-3,93615,168 non reportable positionsC...Read More

The gold miners' stocks have surged powerfully over the past few weeks, challenging upleg highs. Traders started returning to this small contrarian sector as gold blasted back above the psychologically-crucial $1300 line. While such early-summer strength is atypical, gold miners' technicals, sentiment, and fundamentals all support more gains to come. Gold stocks need to mean revert to much...Read More

All the pieces are falling into place for the biggest gold bullmarket in history and by the look of the long-term gold chart, it is set to start very soon. The biggest reason of course is the accelerating demise of fiat. There are many other reasons that we will be considering going forward, but the one that looks set to trigger the immediate start of the bullmarket (and has already since the mo...Read More

- Gary TanashianI make the point in the title because the real fundamentals that matter for the gold stock sector must be in line at the beginning of a real bull phase or bull market for the sector. I make that point with the example of Q1 2016, when a very powerful gold stock "launch" erupted but in Q2 of that year we (NFTRH) were already advising a degrading of those fundamentals. A public...Read More

David HaggithThese are not the tiny champagne bubbles Don Ho used to sing about, but those greenish-gray floats of foam that pile up against harbor docks where the churn of the waves meets the oil spittle of boat motors. They are the economic froth that has piled up around us and is now beginning to fizzle.They are the bubbles of overbuilt retail space, heaps of junk bonds and layers of leverage...Read More

Already legal in 30 states, the tide is turning for medical marijuana.It seems like everyone is looking for a way to make money from the legal marijuana boom...But many don't want to roll the dice and risk their hard-earned money on a penny stock, or spend hours learning how to buy shares of a grower on some Canadian exchange.But there is good news.Marijuana profit-sharing plans are here, and one...Read More

By: Ira EpsteinGold $1,360's zone resistance - but geo-politically, triggers exist:Read More

South32's decision to review the future of its manganese alloy assets comes as little surprise to fellow manganese alloy producers because they are likely to be considering similar options. The review, which could result in the divestment of the assets, reflects a wider predicament affecting alloy producers struggling with historically high ore prices and a subdued market for their own product. So...Read More