China's domestic rebar prices moved up slightly on Thursday December 19 amid rising futures after the release of data pointing to a drop in output. Domestic Eastern China (Shanghai): 3,810-3,840 yuan ($544-548) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,500-3,540 yuan per tonne, up 10-20 yuan per tonneMajor steel mills produced 3.58 million tonnes of rebar in the week to Thursday,...Read More
Money manager Adrian Day looks at two top royalty companies, both with a changing of the guard at the top, both with other important developments, plus he lists some companies he sees as buys. Royal Gold Inc. (RGLD:NASDAQ; RGL:TSX, US$115.82) (115.82) is facing uncertainty on its main asset, the Mount Milligan copper-gold mine in British Columbia, whose stream accounts for nearly 30% of the comp...Read More
The explorer is to sell its net profit interest in a Nevada property to a royalty company. Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) and Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQB) signed a binding term sheet, agreeing to a respective sale and purchase of Liberty's net profit interest (NPI) in the Regent Hill property in Nevada.Ely Gold announced in a news release that for the Regent Hill ri...Read More
The results suggest possible geologic scenarios that require further testing. Lion One TuvatuLion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced in a news release that its first deep diamond drill hole at its 100% controlled and fully permitted Tuvatu deposit in Fiji returned high-grade gold assays."As anticipated, we see high-grade mineralization extending and evolving at depth," Dr. Quinton...Read More
Mineralization demonstrated there consists of platinum group elements, nickel, copper and cobalt. A webinar with Group Ten Metals and Red Cloud Securities is available here.Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE) announced in a news release the results of 2019 drilling in the Iron Mountain target of its Stillwater West project in Montana. Iron Mountain was one of five, multi-kilo...Read More
The firm states the new targets could "contribute to the multi-generational life" of the district. Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced in a news release it identified four new targets under the Sulphurets Thrust Fault on its KSM property in British Columbia. The geologic signature of these prospects matches that of the established deposits where Seabridge has outlined reserves an...Read More
The Critical Investor sits down with Joe Grosso, CEO of Golden Arrow Resources, to discuss the company's exploration plans for the new year. 1. IntroductionAt a time when tax loss selling is at its peak, Golden Arrow Resources Corp. (GRG:TSX.V; GARWF:OTCQB; G6A:FSE) seems to have bottomed, and is regrouping after the sale of its interest in the Puna operation. New exploration projects have been a...Read More
Buy the book and film at http://trayvonhoax.comPeter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street...Read More
The scene is the first one to depict a same-sex sign of romance in a Disney owned film.Continue...Read More
The Fed desperately wants prices you pay on goods and services to go up, but why do Fed policy makers believe they could bring inflation rates back down again?Continue...Read More
All three indexes notched new record highs The Dow notched a triple-digit gain today, managing even more record highs, as Wall Street mostly looked pastimpeachment headlines out of Capitol Hill.Meanwhile, the Nasdaq and S&P 500 enjoyed modest upside, grabbing fresh all-time highs along the way, with the former index stretching its daily win streak to seven, its longest since February. The bullish...Read More
Moody's cut its debt rating on Boeing to "A3"Controversial airplane maker Boeing Co (NYSE:BA) is once again making headlines today, riding on the back of news investor service Moody's cut its debt rating. Specifically, the firm has cut Boeing to "A3," or four levels above "speculative grade." Moody's cited the volatile drama and fatal consequences of its 737 Max jet as the catalyst. BA looks to h...Read More
MBA mortgage applications are due late next weekIn light of the Christmas holiday, next week will be a bare on both the earnings and economic front. In terms of earnings reports, food safety name Neogen (NEOG) is the only one scheduled for the week, while the economic front will headline durable goods data, MBA mortgage applications, and new home sales. Worth noting, the stock market will close at...Read More
Fastmarkets' Middle East Iron and Steel 2019 event brought together hundreds of the region's top industry executives for meetings, panels, seminars and more this month in Dubai.Delegates left the conference armed with valuable insight to better navigate the industry waters made turbulent by safeguards and other protectionist policies. Participants heard calls from the Turkish steel industry for a...Read More
DBX implied volatilities are low at the momentOne of the better stocks on Wall Street today is Dropbox Inc (NASDAQ:DBX), up 9.1% to trade at $18.56, although the catalyst is unknown. In response to the breakout, there's noteworthy options activity going on worthy of examination.At last check, already over 32,000 calls have changed hands, a whopping 58 times the expected intraday amount and 29 tim...Read More
The firm plans on rolling back on fertilizer production until markets improve The shares of Fortune 500 name Mosaic Co (NYSE:MOS) are slipping today, following yesterday's one-month closing high of $20.86. The dip comes after Mosaic said it will reduce its fertilizer production, blaming weak market conditions and a problematic harvest in the U.S., which has dampened demand for the product. At las...Read More
CSCO shares are sporting strong gains todayU.S. stocks are continuing their steady grind higher, overcoming impeachment headwinds thanks to a strong day from a number of big-name tech stocks -- including Dow Jones Industrial Average (DJI) component Cisco Systems (CSCO). Like the Dow, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) have tagged new highs, with Netflix (NFLX) again standing as a...Read More
CSCO this morning toppled its 80-day moving averageTechnology giant Cisco Systems, Inc. (NASDAQ:CSCO) is the top Dow stock today, enjoying a 1.5% lifton the heels of an upgrade out of Barclays. Analyst Tim Long upgraded the blue chip to "overweight" from "equal weight," citing growth in a handful of key products that should improve within the next year for the company. CSCO is now trading at $47....Read More
Calls are rising in popularity today in responseBreakups can be difficult, but Match Group Inc (NASDAQ:MTCH) seems to be doing just fine. Match Group stock is up 3.4% to trade at $73.68, after the Tinder app owner announced it will spin off all from parent company InterActiveCorp (IAC). The transition will be complete by the second quarter of 2020, with MTCH shareholders receiving one share of se...Read More
Needham just added Chegg to its conviction list for 2020Online learning platform Chegg Inc (NYSE:CHGG) is up today after Needham called the stock one of its top picks for 2020, and adding the equity to its conviction list. Now, the security is eyeing a five-day win streak -- its longest in over a month. At last check, the shares of CHGG are up 1.1% to trade at $38.81. In recent months CHGG has be...Read More