U.S. equity index futures were higher this morning. S&P 500 futures were up 39 points in pre-opening trade. McCormick gained $2.24 to $99.86 after reporting higher than consensus first quarter revenues and earnings. CVS Health dropped $2.24 to $99.86 after Deutsche Bank downgraded the stock from Buy to Hold.Bausch Health added $0.17 to US$22.75 after announcing plans to reduce its debt by anot...Read More
All wars are full of lies. Winston Churchill famously said, "In wartime, truth is so precious that she should always be attended by a bodyguard of lies."We accept that idea broadly. Secret invasion plans should be closely held. The identities of spies must be kept under wraps. New weapons and defensive tools should not be revealed because enemies will be alerted to their potential and begin offens...Read More
Canada's Kinross Gold Corp (TSX: K; NYSE: KGC) has entered exclusive negotiations with an unnamed third-party mining company after receiving several proposals to sell all its Russian assets.As part of the exclusivity agreement, Kinross' Russian subsidiaries will continue to operate the Kupol mine and other assets to maintain them properly.Kinross noted in a media release Tuesday afternoon that any...Read More
S&P Global Ratings has upgraded Barrick Gold's (TSX: ABX; NYSE: GOLD) long-term corporate credit rating a notch from BBB to BBB+.With a 'stable' outlook, S&P in a note said that the upgrade reflected Barrick's significant financial flexibility, noting a favourable view of Barrick's operating efficiency and breadth.S&P analysts expect Barrick's credit profile to remain highly resilient, even in a l...Read More
This week's episode features InTheMoneyStocks.com chief market strategist Gareth Soloway in conversation with host Adrian Pocobelli on recent developments in financial markets. Gareth explains the nature of technical analysis while giving his view on interest rates, the stock market, commodities and speculative asset bubbles. He also shares his take on recent movements in gold, which have a remark...Read More
The Toronto-quoted equity of Mountain Province Diamonds (TSX: MPVD) has achieved a new 12-month high on March 29 after the company overnight reported record free cash flow in 2021 and a massive impairment reversal attributable to positive changes in market sentiment and diamond prices.During the year 2021, Mountain Province sold a total of 3.16 million carats at an average price of $94 per carat (...Read More
Shares of Inomin Mines (TSXV: MINE) traded at its highest price in the last five years as the company reported new discoveries of nickel, magnesium and chromium at its Beaver nickel-cobalt property in south-central British Columbia. Highlights of the drilling from the early-stage property included 175.26 metres grading 0.178% nickel, 93 parts per million (ppm) cobalt, 0.362chromium and 21% magn...Read More
Osisko Development (TSXV: ODV) has closed the second tranche of its previously announced non-brokered private placement. More than 9.4 million subscription receipts of the company were issued under this tranche at a price of US$3.50 each, for additional gross proceeds of approximately US$32.8 million.This, together with the US$84.8 million brought in under the first tranche, brings the total size...Read More
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has completed the acquisition of the Rincon lithium project in Argentina for $825 million, following Australia's Foreign Investment Review Board (FIRB) approval of the transaction.The world's second-largest miner saw its lithium ambitions partially crushed in January after Serbia revoked Rio Tinto's licence for the US$2.4 billion Jadar project on environme...Read More
The Federal Reserve just raised interest rates for the first time since 2018.And popular belief among most investors holds that interest rate hikes are generally bearish for gold and precious metals.But that's not exactly the case.In fact, rising interest rates might even be positive for precious metals.The truth is, there is really no good connection we can make between interest rates and preciou...Read More
Harvest sold 70,200 tonnes of its KP Fertil product in the first three months of 2022, from the Arapuá project in Brazil.Read More
Tell me the greatest heavyweight showdown in history.For my younger readers, perhaps it was the slugfest between Wilder and Fury a few years ago. I imagine if they asked their pop the same question, they'd get a lecture about Mike Tyson's glory days or even the time Holyfield shocked the boxing world with a TKO over Tyson in the 11th round back in 1996.You might even get an earful watching the re...Read More
Peak Prosperity, Released on 3/30/22Vaccine induced myocarditis in kids has been described, over and over again in the media and by pediatricians, as "mild" or that kids "recover quickly." A new study shows that these hopeful-sounding statements are neither true, nor scientifically accurate. More than 2/3rds of all children who presented to the hospital with vaccine-induced cardiomyopathy were sho...Read More
The Jay Martin Show, Released on 3/30/22Walter J. "John" Williams has been a private consulting economist and a specialist in government economic reporting for more than 30 years. His economic consultancy is called Shadow Government Statistics (shadowstats.com). He tracks and reports economic data using the methodologies formerly used by government agencies prior to changes being made to make the...Read More
Lyn Alden - Twitter, Released on 3/30/22This is known as financial repression. When debt is very high, then even when inflation runs hot, central banks are extremely slow to raise rates. The real value of the debt gets eroded away; currency devaluation. https://t.co/QFXxVMN6k7- Lyn Alden (@LynAldenContact) March 30, 2022 Lyn Alden is the founder of Lyn Alden Investment Strategy. Lyn has a bachelor...Read More
Wealthion, Released on 3/30/22For Part 1 of this interview, CLICK HEREIn this Part 2 of our interview with former Wall Street insider Nomi Prins, we explore the potential for new Distributed Finance, aka Defi, technologies to disrupt the financial system and reduce the control big banks currently have over it. Will DeFi prove to be Wall Street's Kryptonite? Possibly, though the banks aren't taking...Read More
Jay Taylor Media, Released on 3/30/22J. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton's International Commodity Division, headquartered in New York City's Battery Park. He studied under David Johnston, head of Hutton's Commodity Division and Chairman of the COMEX. In the 1980s Mike began to develop his own momentum-based method of technical...Read More
George Gammon, Released on 3/29/22George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the a...Read More
Greg Price - Twitter, Released on 3/29/22FAUCI: "I don't think we're ever going to be able to determine" if covid lockdowns were worth it. pic.twitter.com/LrmFRkDJLu- Greg Price (@greg_price11) March 29, 2022 FAUCI: 'I don't think we're ever going to be able to determine' if covid lockdowns were worth it added by Herman James on 03/29/2022View all posts by Herman James ?+'Read More
Liberty and Finance, Released on 3/29/22Global de-dollarization is happening right before our eyes as Russia, Nigeria, Saudi Arabia, China, and other countries pivot away from the US dollar. Even Fed chair Powell admits the USD is losing its exclusive world reserve currency status. Meanwhile, central banks and the public are flocking to gold. The inventory of physical precious metals remains the t...Read More