The Dow was up well over 400 points at its intraday peakDiminishedtrade-war tensions and a surge from the healthcare and tech sectors sent stocks higher for the day, and the Dow up more than 440 points at its intraday peak. Pharmaceutical concern Merck & Co (MRK) took the cake for top performing blue-chip, after positive data from its Keytruda drug trial. Friday's sell-off was quickly forgotten...Read More
We were recently asked if theprice of gold is likely to rally because of the increased volatility in stocks. This seems believable at thefirst sight, as gold is seen as a safe-haven asset and thus people could bebuying itwhen the stock market’s movement becomes chaotic, scary and/or unpredictable. So,the stock market’s volatile decline in the recent days is likely to become thecatalyst...Read More
By Ira EpsteinGold going sideways.https://www.iraepstein.com/ Read More
"No excuses: there is never a reason to carry a knife. Anyone who does will be caught, and they will feel the full force of the law."Continue...Read More
The United States and China are entrenched in an escalating trade war with tit-for-tat tariffs reaching towards $300 billion annually ($150b on each side). Some believe there is no doubt that the United States would win a trade war. Perhaps this is true, but we have to ask as what expense?China's Nuclear Option in Trade WarThis is because China has a nuclear option that the financial media isn't d...Read More
Source: Jack Chan for Streetwise Reports 04/09/2018 Technical analyst Jack Chan updates the gold and silver charts and finds buy signals for both gold and silver. -->Our proprietary cycle indicator is up.Gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.Gold sector is on a short-term buy signal....Read More
April 9 (Reuters) - Operations restarted at Newmont Mining Corp's two gold mines in Ghana on Monday, a company spokesman said, after they were shut down on Saturday following an accident in which six construction workers were killed.Civil works on the mill expansion project at Newmont's Ahafo project, where the accident occurred, remain suspended, the spokesman said in an email. Newmont operates t...Read More
Import prices for re-rolling-grade hot-rolled coil sold into Vietnam declined over the past week on softer end-user demand.Metal Bulletin's assessment of HRC import prices in Southeast Asia - which mainly looks at Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam - was $600-610 per tonne for the week ended Monday April 9, narrowing downward by $10 per tonne from a week earlier.Mark...Read More
** Revenue growth reported by U.S. companies for Q1 shouldbenefit from a weaker trade-weighted U.S. dollar ,according to Goldman Sachs analysts ** The dollar in last qtr was 8 pct below its avg in Q1 of2017, they wrote in a note ** "Historically, a weaker U.S. dollar has resulted inabove-average sales beats," they wrote ** Also say, "strong top-line growth is consistent withsolid ec...Read More
Precious metals expert Michael Ballanger discusses Donald Trump's trade war with China and the implications for the gold market. When I played pro hockey in Richmond, Virgina, it was during the era of "Slapshot!" and the Broad Street Bullies when gooning (fighting) was fashionable and an integral part of the sport. Stocking your team with two-or three enforcers meant that the finesse players could...Read More
Despite steep 2018 deficits, analysts maintain mostly "buy" ratings on the biotechsThe U.S. stock market has rebounded sharply from last Friday's sell-off, as tariff tensions between Washington and Beijing once again recede. Among individual stocks making big moves are skin specialist Menlo Therapeutics Inc (NASDAQ:MNLO), Nuplazid parent ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD), and gene therapy...Read More
Do you want to lend your hard-earned money to the US government? In exchange for the high, high interest rate of 2.8%? It's a most generous deal, even though the Federal Reserve is committed to dollar devaluation at the rate of 2% per annum. So you are getting 0.8% per year, assuming that the Fed hits its goal. In exchange for lending to a profligate and counterfeit borrower-the government has nei...Read More
COLORADO SPRINGS, Colo., April 09, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American:GORO) (the "Company") today announced the northwest expansion of the Arista Mine's Arista vein system with twelve additional step-out and infill drill holes. Intercepts include 2.00 meters of 6.68 grams per tonne (g/t) gold and 864 g/t silver; 2.08 meters of 1.98 g/t gold and 1,583 g/t silver;...Read More
After cyber criminals acquired the login credentials of a vendor that provides hardware for one of the hospital's information systems, they were eventually Continue...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12April 9, 2018"Too many people spend money they earned...to buy things they don't want...to impress people that they don't like." Will Rogers "Everybody needs money. That's why they call it money." Danny DeVito (as Mickey Bergman - Heist (2001); writer, David Mamet) With all o...Read More
(Bloomberg) - In Venezuela's gold capital, national guardsmen block the roads. Military convoys and motorcycles circle while soldiers keep wary watch behind sandbag checkpoints or patrol with faces covered by balaclavas and rifles in hand.The military has been fighting for months to master El Callao, the dangerous nation's most dangerous town, and a beachhead in efforts to develop a mineral-rich...Read More
China's steel futures picked up some gains during morning trading on Monday April 9 while steelmaking raw materials contracts largely softened after a major steel-producing city in north China unveiled restrictions for the next six months.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,356 ($532) per tonne, up 18 yuan per tonne May hot-rolled coil: 3,746 yuan pe...Read More
The driving trends of the past decade are now reversingThe saying "the worm has turned" refers to the moment when the downtrodden have finally had enough, and turn on their powerful oppressors.The worms have finally turned against the privileged elites -- who have benefited so greatly from globalization, corruption, central bank stimulus and the profiteering of state-enforced cartels. It doesn't m...Read More
WASHINGTON (Reuters) - The U.S. consumer watchdog is seeking a record fine against Wells Fargo & Co for auto insurance and mortgage lending abuses that could exceed several hundred million dollars, according to three sources with knowledge of the plans.The penalty would be the first issued by Mick Mulvaney, who U.S. President Donald Trump tapped in November to head the Consumer Financial Prote...Read More
Analysts are upbeat toward the tech nameAlphabet Inc (NASDAQ:GOOGL) received some bullish analyst attention over the weekend, with Barron's calling the Google parent (subscription required) a "bargain in big tech," and noting that traders aren't pricing in the company's upbeat growth outlook on concern's Facebook's data scandal could result in increased government scrutiny. The expectations for...Read More