"I'm determined that America will be fully prepared for any of the future outbreaks, of which we hope there's going to be none," Trump said during remarks after his tour.Continue...Read More
The worker's death comes at a time that Amazon is facing growing pressure to disclose the actualy number of workers who have tested positive or died from the virus. Continue...Read More
Rick Sanchez discusses the looming US-China cold war and how the worldwide COVID-19 pandemic has exacerbated tensions between the two superpowers even further. He examines US history and Washington's penchant for "cold wars" going back to 1898. Then former USTR official Steve Gill, former UK MP George Galloway and former Pentagon official Michael Maloof share their expertise. The COVID-19 pandemic...Read More
WHO says there is no evidence that mouthwash prevents coronavirus infection, a contrarian sign that perhaps mouthwash DOES in fact prevent coronavirus infection. Continue...Read More
The 2020 macroeconomic environment is unlike anything the world has ever seen and that means that many long held economic truths are being turned on their heads. A few examples:Continue...Read More
The chart formation is setting up for either a breakout to the upside or a correction to Continue...Read More
The price of steel billet in Turkey increased over the past week in line with increasing scrap import values, while demand for the material was still limited, sources said on Thursday May 14.Domestic Turkish steel mills in the country resumed their deep-sea scrap purchases last week at higher prices, sources said.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, c...Read More
Demand for imported steel billet and domestic steel reinforcing bar (rebar) in Egypt remained weak in the seven days to Thursday May 14, with billet import prices increasing because of high offers, sources told Fastmarkets.No improvement in demand was anticipated soon due to the Islamic holy month of Ramadan and the Covid-19 pandemic. In addition, the governor of Egypt's capital city, Cairo, has c...Read More
Sector expert Michael Ballanger expands on both the latest money market moves and his investment thesis for Getchell Gold. I was pacing around the house this lovely but cold Friday afternoon (after finally having the water supply restored after our well filed for unemployment benefits), trying desperately to think of a topic to write about in this weekly missive, when it suddenly occurred to me t...Read More
Defense Metals reports a 49% increase in tonnage and a 30% increase in overall average grade. Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) announced in a news release it completed an update to its mineral resource estimate for its Wicheeda rare earth element (REE) project in British Columbia, Canada."Our successful 2019 drill campaign has resulted in a significant expansion and increas...Read More
Liberty Gold sold two assets and advanced its Idaho project. Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) presented in a news release its corporate highlights from Q1/20. The company pursued two transactions. One was the sale to Barrian Mining of its interest in the Kinsley Mountain gold deposit for total proceeds of $6.25 million and 9.9% of Barrian. Liberty Gold will receive the consideration in t...Read More
Black Tusk Resources reported that it has begun work on the McKenzie East Gold project located near Val-D'or, Quebec. Gold barsIn a news release, Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) announced that it has begun work on the McKenzie East Gold project located 30 km north of Val d'Or, Quebec.The company stated that it has enlisted VD Geo Service of Val d'Or to conduct geologi...Read More
Group Ten Metals reports that soil geochemistry results suggest the presence of a strongly mineralized system at its Montana asset. Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE) announced in a news release it discovered four new palladium-platinum-gold-nickel-copper soil anomalies at its Stillwater West project in Montana.Soil geochemistry from the Boulder and Wild West targets showed...Read More
China's stainless steel prices moved up over the past week on recent gains in the nickel market, but soft demand tempered expectations of any further increases.The three-month nickel contract on the London Metal Exchange ended its official trading session at $12,313 per tonne on May 7, up by $459 per tonne from $11,854 per tonne on May 5, the lowest point so far this month. The contract has shed s...Read More
Another dismal weekly jobless claims report weighed on stocks earlierThe Dow staged a big comeback today, ending over 375 points higher as it steadily distanced itself from a morning spent deep in the red andanother round of depressing jobs data. Strength in the financial sector was responsible for the blue-chip index's rebound, while the S&P and Nasdaq also enjoyed a bounce, settling modestly hi...Read More
The June 21 put has been running the show for the last 10 daysTwo months ago, when we last checked in with Financial Select Sector SPDR Fund (XLF), the banking exchange-traded fund (ETF) was seeing a huge deep-pocketed bet in the options pits. Now, as XLF continues to languish and bank stocks like Wells Fargo (WFC) deal with dividend cut drama, it's worth revisiting the financial services ETF's o...Read More
LONDON, 30 March 2020 - Data from BullionVault is quoted in today's edition of the Financial Times - the City of London's newspaper of record - in a report on the surging demand for investment gold amid the worsening Coronavirus Crisis.While investment inflows to gold-backed funds have "rebounded" so far in 2020, demand for physical bullion is running at "its strongest since the depths of the fina...Read More
DAL's 40-day trendline has stymied any breakouts on the chartsThe shares of Delta Air Lines, Inc. (NYSE:DAL) are down 1.3% to trade at $18.91 today, after the airliner's board authorized plans to retire the company's Boeing (BA) 777 aircraft and withdraw them from service by the end of 2020. "We plan to continue to consider further opportunities for early aircraft retirements in an effort to mod...Read More
LONDON, 26 March 2020 - Widening anti-virus lockdowns are blocking gold's usually smooth flow from London to the United States, reports leading US finance news-site MarketWatch today, quoting Adrian Ash, director of research at BullionVault."London is the heart of global precious metals trading," he says, but "those stockpiles can't reach other global trading centers so easily. Monday's UK lockdow...Read More
Co-Diagnostics will put out its first-quarter earnings after the close this evening Biotech Co-Diagnostics Inc (NASDAQ:CODX) has been in the spotlight recently as one of the companies producing COVID-19 test kits. The stock has tacked on 137% in May alone, undoubtedly on the back of these test kits' success rates, shared earlier in the month. Now, CODX is once again capturing the attention of trad...Read More