The price spread for Europe-origin high-carbon ferro-chrome widened to $0.15 per lb in the week ended Friday April 24 with deals reported at higher prices after the rebound in the ferro-chrome and charge chrome benchmark price for shipments in the second quarter of the year.The gap between the highest and lowest reported deal prices was almost $0.20 per lb, with signs of firmer fundamentals encour...Read More
Nexus Gold announced the agreement for its newly acquired asset. In a news release, Nexus Gold Corp. (NXS:TSX.V; NXXGF:OTCQB) announced it entered an agreement to option its Dorset gold project in Newfoundland to Leocor Ventures for $2.75 million in cash and expenditures.Per the definitive agreement, Leocor, a Vancouver-based minerals explorer, will be able to acquire up to a 100% interest in Nex...Read More
Pretium Resources reported that it filed an updated technical report for its Brucejack Mine and stated that it will announce Q1/20 earnings on April 30, 2020. Pretium's Brucejack MineIn a news release, Vancouver-based intermediate gold producer Pretium Resources Inc. (PVG:TSX; PVG:NYSE) announced that it has submitted an updated Mineral Reserve and Mineral Resource and Life of Mine Plan for the B...Read More
The Critical Investor discusses recent developments at the company that is exploring the Goliath Gold Project in Ontario. Treasury MetalsLike most projects around the world, Treasury Metals Inc. (TML:TSX; TSRMF:OTCBB) is temporarily slowing down and shutting down drilling at its Goliath Gold project in Ontario, caused by the omnipresent COVID-19 pandemic, but as it has been completing over half o...Read More
Though sector expert Michael Ballanger's focus is on the precious metals, given current market conditions he sees potential in oil as well. Before I get started on my weekly commentary, I want to thank you all for the waterfall of responses to A Boomer's Plea posted last weekend, in what I must confess was my most impassioned missive of a multi-decade writing career. Speaking out as a member of...Read More
June-dated crude dropped to its second-lowest settlement on recordThe Dow extended its midday rally to finish the day up over 350 points, as states start planning to ease coronavirus lockdowns and investors look towards the reopening of the economy. The Nasdaq andS&P 500 also enjoyed a notable lift, both closing in the black. However, gains were capped for all three indexes as June-dated crude suf...Read More
Both NVDA and INTC sport attractively priced optionsThe20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days, with data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Stocks highlighted in yellow are new to the list. Two names that stick out are Nvidia Corporation (NASDAQ:NVDA) and Intel Corporation (NASDAQ:INTC). Bel...Read More
Twitter is expected to post earnings this Thursday, April 30Twitter Inc (NYSE:TWTR) is getting a boost ahead of its first-quarter earnings report, due out before the open on Thursday, April 30, on an upgrade from Mizuho. The analyst lifted its rating on the social media giant to "neutral" from "underperform," adding that the impact of COVID-19 is already reflected in Twitter's stock price. At last...Read More
The pot producer is expected to post its first-quarter earnings report next Friday, May 8The shares of Cronos Group Inc (NASDAQ:CRON) are climbing higher today, up 6.4% at $6.60 at last check, set for their first close north of the 80-day moving average since mid-February. The marijuana producer just announced plans to release its first-quarter earnings report next Friday, May 8, and options playe...Read More
Deutsche Bank's preliminary first-quarter numbers exceeded analysts' expectations The shares of financial name Deutsche Bank AG (NYSE:DB) are surging this morning, up 10.8% at $6.59, after the company announced on Sunday its preliminary first-quarter report. The German-based bank said it expected a quarterly net income of 66 million euros, or $71.42 million, on revenue of 6.4 billion euros, or $6....Read More
The Covid-19 pandemic has resulted in a shortage of ferrous scrap in many key supply locations, provoking a 21% rise in international scrap prices in just 12 days from April 3 to April 15. But despite this, domestic prices in many areas were settled lower in April's monthly negotiations.Prices on the international market have been on a rollercoaster ride over recent weeks.The price of steel scrap,...Read More
Oil prices are continuing their volatile trendThe Dow Jones Industrial Average (DJI) is kicking off the week with triple-digit gains, last seen up over 300 points, as investors unpack New York governor Andrew Cuomo's,daily press conference on the coronavirus outbreak. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are also confidently in the black, as optimism over the reopening U.S. econ...Read More
Morgan Stanley downgraded the blue chip to "underweight" from "equal weight"Shares of Caterpillar Inc. (NYSE:CAT) are down 2.5% to trade at $111.11, after a downgrade from Morgan Stanley to "underweight" from "equal weight," and a price-target cut to $93 from $107. The analyst predicted increasing pressure from a multi-year downturn in U.S. non-residential construction, as well as historically wea...Read More
AutoNation plans to give back $77 million from its small-business loanThe shares of AutoNation, Inc. (NYSE:AN) are on the rise after the automotive retailer said it will return $77 million it had previously received from the U.S. Paycheck Protection Program (PPP). Following cost-cutting measures and a revision of the loan program's guidelines, AutoNation came to the conclusion of returning the for...Read More
British carmaker Jaguar-Land Rover will gradually resume production at several production sites in the UK and Europe from May 18, the company announced late last week.The partial resumption of operations will begin with plants at Solihull in the UK, Nitra in Slovakia, and in Austria.Operations have been suspended across Europe since March 20 amid growing pressure to try to contain the spread of th...Read More
No one anticipated negative crude oil even in the wildest of the dreams. A whooping negative -$40.32 was historic. The coming generations will have a chapter in their MBA course as to why crude oil prices reached -$40.32. The trading lesson is simple, when price move as per fundamentals, never trade against it. Silver has not risen as it is an industrial metal. Investment demand for silver lags...Read More
Oil prices are sitting out the broad-market rally today, thoughDow Jones Industrial Average (DJI) futures are ready to start the final week of the month with a triple-digit move above fair value this morning. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also getting a lift, as optimism builds that parts of the U.S. economy will be phased into reopening soon. New York Gover...Read More
There are as many ways to play the PM sector as there are investors. Some will only buy the big cap PM stocks for safety. Others will only buy the mid cap producers. Some will only buy a mix of big caps and mid cap producers. And then there are the PM stock investors that will only play the juniors. Each has its own advantage depending on your risk tolerance. Some of you are wondering why is Rambu...Read More
As of now, a couple of things are looking different with respect to the 2007-2009 bear market and this year's plunge in both the economy and the stock market: The Fed has acted much more aggressively in cutting rates, and massive stimulus packages have come much sooner, unlike how the slower-moving financial crisis unfolded. This is likely because the pandemic-related crash in the economy was deep...Read More
The Covid-19 pandemic has resulted in a shortage of ferrous scrap in many key supply locations, provoking a 21% rise in international scrap prices in just 12 days from April 3 to April 15. But despite this, domestic prices in many areas were settled lower in April's monthly negotiations.Prices on the international market have been on a rollercoaster ride over recent weeks.The price of steel scrap,...Read More