U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points in pre-opening trade. Index futures moved higher following release of economic news at 8:30 AM ESTDecember Retail Sales were expected to drop 0.8% versus a decline of 0.6% in November. Actual was a decline of 1.1%. Excluding auto sales, December Retail Sales were expected to decline 0.4% versus a decline of 0...Read More
Good morning!And grab a cup of coffee...Because today we're shaking things up at the Daily Reckoning.I'm Greg Guenthner, CMT. And I'm kicking off a new addition to your subscription that will land in your inbox every Tuesday and Thursday morning.Consider it a supplement to the usual Daily Reckoning musings you enjoy from Brian Maher, Jim Rickards, Zach Scheidt, Ray Blanco and others.As you know, t...Read More
I've been warning my readers about Biden Bucks coming soon as a threat to your physical cash and your freedoms.I've also written frequently about the false science of climate change and the extreme climate alarmism embraced by global elites and their flunky pseudo-scientist collaborators. They're meeting right now in Davos, by the way, figuring out new ways to try to run your life.The Biden admini...Read More
Following a strong fourth quarter, Ero Copper (TSX: ERO; NYSE: ERO) boasts record annual production for 2022 at its Caraiba operations in Brazil's northeastern Bahia state and its Xavantina operations in the country's state of Mato Grosso.Last year, Caraiba, churned out 46,371 tonnes of copper concentrate, exceeding Ero Copper's guidance of 43,000 to 46,000 tonnes. Of the 46,371 tonnes, 12,664...Read More
Getchell Gold (CSE: GTCH; US-OTC: GGLDF) has released the latest drill results from the SW Colorado Zone at its Fondaway Canyon gold project in Nevada, about 170 km east of Reno.Assay results from two drill holes have extended the Colorado SW Zone along strike. In a 40-metre step out to the southeast from previous drilling, drill hole FCG22-26 intersected two wide intercepts: a 29.4-metre interval...Read More
Canada Nickel Company (TSXV: CNC; US-OTC: CNIKF) has released assay results confirming the Reid property as a major discovery with a target footprint larger than its flagship Crawford nickel-cobalt discovery in Ontario's Timmins-Cochrane mining camp.Reid is located 16 km southwest of Crawford and 37 km northwest of Timmins and contains an ultramafic body with a target geophysical footprint of 3.9...Read More
Wallbridge Mining (TSX: WM; US-OTC: WLBMF) announced an updated resource estimate for its Fenelon and Martiniere gold projects, located on the company's Detour-Fenelon gold trend land package in the Abitibi region of Quebec.The company gave estimates for both the Fenelon and Martiniere projects. Together the indicated resource is 30.7 million tonnes grading 3.09 grams gold per tonne for 3.1 millio...Read More
New Found Gold (TSXV: NFG; NYSE-AM: NFGC) says it has discovered a new zone and vein extending mineralization south of the Keats deposit at its Queensway project in central Newfoundland. Drilling along the Appleton fault at the project, 15 km west of Gander, N.L., discovered the new Trans Canada Highway zone and the Rocket vein at the Knob target. The drill program also returned more intercep...Read More
GoviEx Uranium (TSXV: GXU; US-OTC: GVXXF) is selling its uranium-silver-copper Falea project in Mali to African Energy Metals (TSXV: CUCO; US-OTC: NDENF) in a $5.5 million cash and share deal.The project is about 350 km west of Mali's capital Bamako and roughly 240 km south of the city of Kayes. It is also about 80 km to the east of Areva's Saraya East uranium deposit in Senegal and approximately...Read More
In the wake of the Bre-X Minerals gold salting fraud of the late 1990s, Canada's regulators introduced National Instrument 43-101 in 2001. The regulation, which spelled out standards of disclosure for mineral projects and put the onus on the "qualified person" - a professional responsible for the information in a technical report - earned back the trust of investors, prevented similar frauds, and...Read More
Antofagasta (LSE: ANTO) produced 646,200 tonnes of copper at net cash costs of US$1.61 per lb. last year and forecasts this year it will produce 670,000 to 710,000 tonnes at net cash costs of US$1.65 per pound, the company said in its Q4 production report Wednesday.The copper miner said 2022 production was 10.4% lower than 2021 due to a reduction in throughput at its flagship Los Pelambres mine, 2...Read More
Alcoa Corporation (NYSE:NYSE:AA) Q4 2022 Earnings Conference Call January 18, 2023 5:00 PM ETCompany ParticipantsJames Dwyer - Vice President, Investor RelationsRoy Harvey - President and...Read full newsRead More
The following slide deck was published by Alcoa Corporation in conjunction with their 2022 Q4 earnings call.Read full newsRead More
Teva Pharmaceutical's undoing was its $40.5B deal to acquire Allergan's generic drug business in 2015. Read why TEVA's 56% run in the stock price makes it a Sell.Read full newsRead More
Kinder Morgan, Inc. (NYSE:NYSE:KMI) Q4 2022 Results Conference Call January 18, 2023 4:30 PM ETCompany ParticipantsRich Kinder - Executive ChairmanSteve Kean - CEOKim Dang - PresidentTom...Read full newsRead More
Alpha Metallurgical Resources represents a very favorable risk-reward at ~1.1X EV/EBITDA. Click here to read why AMR stock is a Buy.Read full newsRead More
CenterPoint Energy is positioned to deliver reasonably strong growth through the end of the decade. See why CNP looks a bit expensive relative to its peers.Read full newsRead More
Bristol Myers Squibb touted the launch of 9 new products in the U.S. While these products need more insurance coverage, read why I still rate BMY stock a Buy.Read full newsRead More
Relay Therapeutics discovers drugs using a novel computational approach. Though I like RLAY stock, see why I will wait for a correction before taking a call.Read full newsRead More
I see very bright earnings prospects for Enterprise Products Partners L.P. both in the near term and also long term. Click here to see my take on EPD stock.Read full newsRead More