MYL calls have been very popular latelyMylan N.V. (NASDAQ:MYL) is doing well today, up 1.5% to trade at $40.97 after receiving an upgrade to "outperform" from "market perform" at Leerink. After starting 2018 off strong with an annual high of $47.82 on Jan. 23, the drug stock has struggled. If history is any guide, though, it could be time to bet on Mylan's next leg higher.Specifically, the share...Read More
Everyone focuses now on the chemical attack in Syria. Meanwhile, the most important turnover in the world remains mostly unnoticed. But we're on guard. Let's read our analysis of the key revolution of 2018 and find out the implications for the gold market.Hawks Take Over the FedAre we going to write about Syria? North Korea? China? No. You already know everything you should about these geopolitica...Read More
The last 30 minutes has seen Bitcoin explode higher by over 15% (the biggest move since 2017), breaking above $8,000 on extremely heavy volume as the cryptocurrency tests above its 200-day moving-average. Speculative chatter on the driver behind the move is Russian oligarchs buying...Read full newsRead More
(Kitco News)- Soaring housing prices in all the major markets do notreflect a problem within the housing market but demonstrates a problem withglobal currencies, according to one gold bullion investment firm.In 2017 Canada saw the fast rise in housing prices in the world.According to research from Goldmoney, Canadian homes, priced in Canadiandollars have risen 350% since 1990. However, home prices...Read More
London's leading physical gold store in St James's has seen a 253% increase in physical gold sales year on year in March 2018 as investors flocked to the safe haven asset, as geopolitical tensions ran high.Sales at the gold showroom were over ?9m ($12.7m) during March 2018, up from ?2.5m just a year earlier. The high levels of gold sales was a record for the store which opened in January 2016 an...Read More
Stocks have been grinding higher today The Dow Jones Industrial Average (DJI) is trading well into triple-digit territory today, thanks to President Donald Trump's Syria tweet this morning. While most sectors are higher amid the risk-on session, tech and financial stocks are doing much of the heavy lifting -- the latter of which comes ahead of tomorrow morning's onslaught of big bank earnings. Els...Read More
London's leading physical gold store in St James's has seen a 253% increase in physical gold sales year on year in March 2018 as investors flocked to the safe haven asset, as geopolitical tensions ran high.Sales at the gold showroom were over ?9m ($12.7m) during March 2018, up from ?2.5m just a year earlier. The high levels of gold sales was a record for the store which opened in January 2016 an...Read More
The energy fund topped out at a two-year high on WednesdayRising tension in the Middle East has helped boost crude oil prices this week, with black gold topping out at a three-year high in Wednesday's trading. Shares of the United States Oil Fund (USO) also hit a notable milestone yesterday, touching $13.59 for the first time since November 2015 -- prompting a number of options traders to liquidat...Read More
Dollar intrinsic or intrinsic value analysis is helpful in determining the true value of assets and as a leading indicator.Higher percentage allocations of precious metals in cash equivalents during times of geopolitical unrest.Increase gold/metal miners and oil companies to higher percentages due to improved profit margins.Hypothesis: Dollar intrinsic or intrinsic analysis of a market, the US Dol...Read More
(Reuters) - Wall Street stocks bounced higher on Thursday as expectations that lower U.S. taxes would fuel corporate earnings added to easing of nerves over U.S. military conflict with Russia in Syria.Growth stocks including technology, financial and industrial stocks led gains on the main U.S. indexes.Boeing (BA.N) rose 1.53 percent and was the biggest boost to the Dow, while Microsoft (MSFT.O) a...Read More
LONDON/GENEVA (Reuters) - Britain’s foreign minister and United Nations human rights rapporteurs separately called on Thursday for the release of two Reuters reporters detained in Myanmar, after a judge rejected a request for their case to be dismissed.Foreign Secretary Boris Johnson said on Twitter that Myanmar must show its “commitment to media freedom” while the U.N. special r...Read More
BP has teamed up with Tesla to build its first battery storage project at one of its U.S. windfarms as part of a strategy to expand its renewable energy business, the energy group said on Tuesday.Read full newsRead More
(Bloomberg) - Thieves broke into Harmony Gold Mining Co.'s Kalgold mine Tuesday morning and stole 12 kilograms (386 ounces) of the precious metal, according to spokeswoman Lauren Fourie.The robbers accessed "heavily guarded" gold storage facilities in a significant security breach at the mine, situated in South Africa's North West province, she said. The incident is being investigated."The gold w...Read More
(Bloomberg) - Thieves broke into Harmony Gold Mining Co.'s Kalgold mine Tuesday morning and stole 12 kilograms (386 ounces) of the precious metal, according to spokeswoman Lauren Fourie.The robbers accessed "heavily guarded" gold storage facilities in a significant security breach at the mine, situated in South Africa's North West province, she said. The incident is being investigated."The gold w...Read More
Will both the US and Russia fall into it or will Trump stand down, pull out of this game with his tail between his legs, accept his defeat and try to find another less dangerous arena than the Levant to face Russia? Could it be that Trump is gathering larger coalition, to make sure Russia can't respond against several nations, and therefore avoid a wider war? The coming days will carry the answer...Read More
"The mainland needs to continue to prepare for a possible military clash across the Straits..."Read full newsRead More
GENEVA (Reuters) - The United Nations is hopeful of getting aid to at least 100,000 Syrians who are desperate for help after months of battle ended years of siege around the rebel-held enclave of eastern Ghouta, U.N. humanitarian adviser Jan Egeland told Reuters on Thursday.“What I hope is that the battle for eastern Ghouta, very belatedly, now is over because there seems to be an agreement...Read More
(Kitco News) - New Energy Metals Corp. (TSXV:ENRG) has entered into options agreements to acquire a 100% interest in threeadditional cobalt exploration projects in Chile’s past-producing cobaltdistrict, the company announced Wednesday.“These projects add to the twocobalt acquisitions announce earlier, and provide the company with a strongland position in the prospective San Juan cobalt...Read More
(Kitco News) - New Energy Metals Corp. (TSXV: ENRG) has entered into options agreements to acquire a 100% interest in three additional cobalt exploration projects in Chile’s past-producing cobalt district, the company announced Wednesday. “These projects add to the two cobalt acquisitions announce earlier, and provide the company with a strong land position in the prospective San Juan...Read More
Paul Welch, chief executive of SDX Energy Inc (LON:SDX), tells Proactive Investors drilling at the Ibn Yunus-1X well at the South Disouq project's revealed a larger than expected gas reservoir.Welch says the well encountered 100.8 feet of natural gas pay in the Abu Madi horizon and the average porosity was measured at 28.5%.A production test will now take place starting 30-45 days after the drill...Read More