By: Ira EpsteinGold still needs to take out the missile day highs. Gold looking bullish with upside bias..Read More
Gold broke past $1600 after World Health Organization had cautioned there was not yet enough data to know if the epidemic had slowed. World Health Organization (WHO) Director-General said Chinese data "appears to show a decline in new cases" but any apparent trend "must be interpreted very cautiously." Russia said it will suspend entry of many Chinese citizens. Corporate profitability will be af...Read More
To Watch Update #25, CLICK HEREThe world is now watching closely to see if the coronavirus is indeed poised to accelerate outside of China. In yesterday's video, we warned that the coming two weeks will be crucial in determining how bad the pandemic will be. The early results are not encouraging. New cases continue to climb in the rest of Asia - Japan, Korea and Singapore are being hit hardest. An...Read More
Michael Pento joined us on a day when gold broke $1600 and silver broke $18. What could be the cause of such a move? Perhaps it was Nanny Michael Bloomberg's pledge to tax Wall Street to the hilt. Or perhaps another Black Swan is getting ready to come public. One thing is for certain, the Fed has gone totally over the top on money printing and monetizing the debt. It can never allow interest rates...Read More
Bill Murphy is a former American professional football player, financial commentator, and the chairman and director of the Gold Anti-Trust Action Committee (GATA), which was founded as a result of Murphy's essays on collusion among large financial institutions to suppress the price of precious metals. Murphy believes the price of gold is artificially low and has spent years lobbying the U.S. gover...Read More
The 2020 Sprott Natural Resource Symposium (SprottConference.com) is pleased to welcome John Hathaway, the distinguished portfolio manager of the Sprott Gold Equity Fund (formerly, the Tocqueville Gold Fund) as a keynote presenter at this year's event in Vancouver. Sprott acquired the Tocqueville Gold Strategies in January 2020, combining the strengths of two precious metals industry leaders, and...Read More
A bizarre incident was captured on film Wednesday involving American and Russian military patrols. The dangerous encounter took place in northeastern Syria near the town of Qamishli, site of prior recent stand-offs involving US special forces attempting to block Russian military patrols from going near oil fields in the region. Continue...Read More
Slides and Sources: https://www.itmtrading.com/blog/unite...A very important question was asked form one of our viewers Christopher R...he said:"Historically, when a Fiat Currency Resets, it can have several Resets within a few years time (which is correct). What are some historical Economic Resets from modern times where currencies had collapsed, and over what time frame were these Resets, that c...Read More
Questions continue to be raised over whether or not the Chinese government is censoring information about the outbreak in Wuhan.Continue...Read More
Peter Hug has been involved in precious metals since 1974. He began gaining first-hand investment industry experience at Deak-Perera. He served as SVP at Guardian Trust Company, which became one of the largest international trading houses for precious metals. He developed the first precious metals certificate program and the first margin trading accounts for metals on the cash market. Peter has ac...Read More
Defense Metals summarizes the testing highlights at its BC REE project. In a news release, Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTC; 35D:FSEQB) announced that on hydrometallurgical testing at its Wicheeda property in British Columbia, extraction of rare earth elements (REEs) from a flotation concentrate into a leach solution was high, at about 90%. Treating the leach solution with limestone re...Read More
Gold Standard Ventures' new report estimates a 40% internal rate of return. Gold Standard Ventures Railroad-PinionIn a news release, Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced that its updated South Railroad prefeasibility study (PFS) on its Railroad-Pinion project in Nevada shows improved economics and lower risks than in the initial report. South Railroad comprises the Dark St...Read More
The prices of hollow steel sections in Europe moved up this week, following news that Turkey's country-specific import quota has been completely taken up, sources told Fastmarkets on Wednesday February 19.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?620-650 ($671-703) per tonne on Wednesday, widening upward by ?,?10 per tonne from ?,...Read More
Black Tusk Resources reported that it had completed a data compilation on its South Rim Gold property. Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) completed compiling and reviewing data on its South Rim gold property in central British Columbia, it announced in a news release."The results from historic work and accompanying database provide strong incentive to continue exploratio...Read More
The staked claims expand the size of Newrange Gold's property there by 50%. Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced in a news release it staked another 105 claims at its Pamlico project in Nevada to cover several anomalies recently identified through an induced polarization (IP) and resistivity survey.The anomalies, which the company interprets as sulphide mineralization, warrant dri...Read More
Gold futures logged their fifth straight gainThe Dow bounced back with a triple-digit win today, snapping a three-day losing streak in the process. The blue-chip index was propped up by a recovery from Apple (AAPL), while the number of newly confirmed coronavirus cases came in at their lowest level since January. In addition, China's Ministry of Industry and Information Technology said it would be...Read More
SEDG and SPWR stocks are making double-digit percentage movesA number of solar stocks are moving higher today, and options traders are moving in. Starting with Canadian Solar Inc. (NASDAQ:CSIQ), the stock is trading up 5.5% at $24.80, trading at its highest point in almost a year following news the company is selling a plant in Japan for $205 million, and calls are crossing at 19 times the pace e...Read More
OLED earnings are due out tomorrow eveningApple (AAPL) supplier Universal Display Corporation (NASDAQ:OLED) is enjoying a modest 0.3% lift this afternoon, last seen at $178.31 as Wall Street gears up for the company's fourth-quarter report. Slated for after the close tomorrow, Feb. 20, below we will dive into what the options market is pricing in the for the stock's post-earnings moves, and see h...Read More
BLUE has shed 40% over the past 12 monthsGene therapy developer bluebird bio Inc (NASDAQ:BLUE) is down 9% at $80.64 in afternoon trading, sinking after weak fourth-quarter results and news its blood disorder therapy drug Zynteglo application was pushed back to the second-half of the year. Analysts have been far from happy with the news, BMO Capital saying the delay could send approval up to mid-2...Read More
Tesla and Apple are back in the spotlight todayThe S&P 500 Index (SPX) and Nasdaq Composite Index (IXIC) both hit record highs by midday, propped up mostly by a recovering tech sector. Specifically, Apple (AAPL) made a rebound after yesterday's steep sell-off, while Tesla (TSLA) climbed even higher on a price-target hike from Piper Sandler. Meanwhile, Apple's rebound is boosting the Dow Jones...Read More