3 Hot Things to Know About Markets Right Now Warren Buffett might have said more than people think in his latest annual letter to Berkshire Hathaway (BRK.A) shareholders.General Electric (GE) will take a big profit hit as it restates its earnings for 2016 and 2017.Jefferies says it only sees the S&P 500 rising 3.9% this year to 2,855.  Market Snapshot U.S. stocks are set to extend last...Read More

The latest news and price moves to start the Asian day on Tuesday February 27.Lead prices on the London Metal Exchange continued to strengthen, closing 1.4% higher at 5pm London time on Monday February 26 with its cash/three-month spread moving into backwardation. Read more in our live futures report.Here are how LME prices looked at Monday's close:The price difference between lead and zinc on the...Read More

This month's stock market correction is still fresh in everyone's mind. Many have even begun to wonder if the era of dark money was truly over.How will the recent correction affect the Fed's dark money policies?The consensus explanation for the correction was that inflation was rising and that would precipitate faster rate increases. The Feb. 2 unemployment report gave the impression that higher...Read More

Markets were up again big today and volatility was down. But we haven't seen the last of rising volatility, nor of the central banks' attempts to thwart it.This week, new Fed Chair Jerome Powell will be giving his first congressional testimony, and you can be sure that markets are waiting on his words with bated breath.Before his testimony, the Fed will be releasing its Monetary Policy Report, whi...Read More

I've mentioned previously that I believe the recent stock market correction would provide us with buying opportunities in a frothy market for cannabis companies.Sure enough, that's exactly what's unfolding before us.And nowhere is that truer than in the pharmaceutical business.We've spent a lot of attention on the big trend of legalized weed in recent months. It's a major shift that's going to con...Read More

He did it! ...And Wall Street still doesn’t believe it.I’m talking of course about the corporate tax cuts that the Trump Administration pushed through Congress, and the positive effect that this new tax bill has already had on American companies and American investors.Sometimes I don’t know whether to laugh or cry when I see how Wall Street and the mainstream media is covering th...Read More

They say 95% of new traders fail and quit before they become profitable.It's an impossible statistic to prove. But this number feels accurate. I think it's safe to assume less than one out of every 10 novice traders survives his first big losing streak.Why is the market eating most new traders alive?The truth is most newbies can't handle the mental aspects of the trading game. If you have a few sp...Read More

Gold undermined by hawkish Fed minutes.Speculators turned slightly bullish on gold for the first time in four weeks, the CFTC shows.ETF investors bought more gold, albeit a small pace, according to FastMarkets' estimates.Expect negative macro forces for the precious metals complex to prove transient.The bull market in gold has just begun. I long IAU with a very long-term approach (>12m). So...Read More

Over the last 6 months, GLD is showing a gain of 3.15% while the HUI is down by 11.7%.There is a strengthening of fundamentals in the gold miners, not a deterioration.It certainly appears as though the HUI wants to hit a double bottom at 160.The risk/reward heavily favors the miners.The story in the gold sector continues to be the severe underperformance in the miners compared to the SPDR Gold Tru...Read More

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Monday was a so-so 76-89-125. The TSX Venture Exchange rose fractionally to 826 while polished diamond prices rose 0.2 per cent. Randy Turner's Canterra Minerals Corp. (CTM) gained one cent to 3....Read More

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold gained $4.70 to $1,332.90 on Monday. The TSX Venture Exchange gained 0.78 point to 826.87 while the TSX Gold Index rose 1.97 points to 184.56. Torex Gold Resources Inc. (TXG) slid 65 cents to $10.51 on 850,000 shares...Read More

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellGary Tanner, the former Valeant Pharmaceuticals Inc. executive defending fraud charges over a kickback scheme, has lost a motion to dismiss the case. A New York judge has determined that prosecutors set out the charges in sufficient detail for the mat...Read More

The latest news and price moves to start the Asian day on Tuesday February 27.Lead prices on the London Metal Exchange continued to strengthen, closing 1.4% higher at 5pm London time on Monday February 26 with its cash/three-month spread moving into backwardation. Read more in our live futures report.Here are how LME prices looked at Monday's close:The price difference between lead and zinc on the...Read More

Africa-focused Caledonia Mining Corp. (TSE:CAL) revealed Monday that one person died on February 23, following an accident at its Blanket gold mine in southwestern Zimbabwe.The fatality occurred in the Blanket Quartz Reef area of the mine, where production has been stopped. Management said they will not provide further details about the incident, as it should first be investigated by the Inspector...Read More

Northern Empire Resources Corp. (TSX-V: NM) released results from its Daisy Deposit as part of its 2018 15,000-metre drill program to expand resources at the Sterling Gold Project in Nevada. These results will go towards an updated resource due in the first half of 2019 and indicate the potential for an open pit, heap leach operation. The Daisy Deposit is located within the Crown Block of depo...Read More

Northern Empire Resources Corp. (TSX-V: NM) released results from its Daisy Deposit as part of its 2018 15,000-metre drill program to expand resources at the Sterling Gold Project in Nevada. These results will go towards an updated resource due in the first half of 2019 and indicate the potential for an open pit, heap leach operation. The Daisy Deposit is located within the Crown Block of depo...Read More

Base metals prices on the London Metal Exchange were mostly lower at the close on Tuesday February 27, with the dollar index surging to its highest since the start of the month. The three-month copper price closed 1.2% lower and only just held above $7,000 per tonne. Copper's healthy contango and a lack of market tightness are putting pressure on prices. "We think that copper prices are vulnerable...Read More

Historic payment structures are enabling zinc smelters to raise primary output even as market-related terms such as metal premiums and concentrate treatment charges remain low; but the opposite is true for lead. Zinc smelters which process concentrates into refined metal only have to pay for 85% of the zinc metal contained in concentrate they purchase, but generally utilize 97% or more. Lead smelt...Read More

Bob Moriarty ArchivesFeb 27, 2018I have covered Torchlight Energy for about two and a half years (TRCH-NASDAQ). The first piece I ever wrote about them was in August of 2015 when the company did a deal with the University of Texas on a 168,000-acre field in way West Texas. And in April of 2016 I wrote about them picking up a land position in the Midland Basin and drilling the first vertical well i...Read More

Fed Head, Jerome Powell, is not an economist. He's a politician who made a lot of money at the Carlyle Group. He has an undergraduate degree in politics and went to law school. After working for awhile as a lawyer at a big Wall St. firm, Powell migrated to investment banking at Dillon Read. Powell must have built a relationship with Nicholas Brady at Dillon Read, because he jumped from Dillon Read...Read More