The pot stakes just got higher. $132 billion higher, to be precise.A just-released study from New Frontier Data shows that legalizing marijuana at the federal level would create $132 billion in federal tax revenue and 1 million jobs.That's not even counting state and local tax revenues.Or the economic growth created by adding a million more jobs across the entire marijuana supply chain.No matter w...Read More
Bitcoin broke below $10,000 during a wild trading session yesterday, briefly sending the king of cryptos 50% below its December highs. That's crash territory, folks…But bitcoin speculators didn't capitulate. A new buying frenzy helped bitcoin recover most of its losses by the late afternoon. As of early this morning, one bitcoin fetched almost $12,000."The gyrations took the digital token ac...Read More
Are you wondering why oil is off to such a rousing start in 2018?Look no further than the chart below:This chart depicts where the level of oil in storage at Cushing, OK stands relative to the trailing five year average.You can see in early 2015 how that inventory quickly ramped up as OPEC increased production into an already oversupplied market — bearish for oil prices.You can also see just...Read More
George Sowers, professor of practice in mechanical engineering at Colorado School of Mines, appeared on a recent episode of Devil's Advocate with Jon Caldara, a current events show that airs on Colorado Public Television.Sowers, the former chief scientist at ULA, discussed the growing field of space resources and how water on the Moon, space-based solar power and metallic asteroids could fuel futu...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 ReporterThe TSX Venture Exchange fell 8.17 points to 876.79 Thursday.Paul Andreola has filed a preliminary prospectus to list his first capital pool shell, Ironwood Capital Corp.The shell plans to sell a $202,400 initial public offering at 20...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 fell $0.20 to $1,326.40 on Thursday. The TSX Venture Exchange fell 8.17 points to 876.79 while the TSX Gold Index dropped 3.05 points to 196.62. Endeavour Mining Corp. (EDV) followed bullion lower today, dropping 72...Read More
The latest news and price moves to start the Asian day on Friday January 19.The base metals complex was generally up in end-of-day trading on Thursday January 18, with aluminium leading the way with a 2.2% price increase while lead hit a three-month high. Read more in our live futures report. Here are how prices looked at the end of the day on Thursday.Participants in the European p...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 ReporterWest Texas Intermediate crude for February delivery lost two cents to $63.95 on the New York Merc, while Brent for March lost seven cents to $69.31 (all figures in this para U.S.). Western Canadian Select traded at a discount of $24.75...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 Wednesday was a 92-92-107 draw. The TSX Venture Exchange fell three points to 884 while polished diamond prices added 0.1 per cent. Ken MacNeill and George Read's Shore Gold Inc. (SGF) continues...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 fell $11.40 to $1,326.60 on Wednesday. The TSX Venture Exchange fell 3.31 points to 884.96 while the TSX Gold Index dropped 2.96 points to 199.67. Torex Gold Resources Inc. (TXG) was strong today, adding 33 cents to...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 ReporterWest Texas Intermediate crude for February delivery gained 24 cents to $63.97 on the New York Merc, while Brent for March gained 23 cents to $69.38 (all figures in this para U.S.). Western Canadian Select traded at a discount of $24.75...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 ReporterThe TSX Venture Exchange lost 3.31 points to 884.96 Wednesday. Brian Presement's Sagittarius Capital Corp. (SCX) plans to acquire Israeli irrigation company Irri-al-Tal Ltd. as its qualifying transaction. In connection with the QT, Irr...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 CaswellAurora Cannabis Inc. has responded to a lawsuit over a $1.9-million stock option, saying that the option is no longer valid. Aurora says that it had granted the option to a U.S. consultant, but the consultant's agreement specified that the option woul...Read More
The world's leading gold-stock ETF is nearing a major upside breakout from key technical levels. GDX is getting closer to challenging and powering above $25. That would accelerate the sentiment shift in this deeply-undervalued sector back to bullish, enticing investors to return. Good operating results from the major gold miners in their upcoming Q4'17 earnings season could prove the catalys...Read More
The world's leading gold-stock ETF is nearing a major upside breakout from key technical levels. GDX is getting closer to challenging and powering above $25. That would accelerate the sentiment shift in this deeply-undervalued sector back to bullish, enticing investors to return. Good operating results from the major gold miners in their upcoming Q4'17 earnings season could prove the catalys...Read More
Russia and Sri Lanka have held talks this week on establishing cooperation in the peaceful uses of nuclear energy. Nikolay Spassky, deputy director general of Russian state nuclear corporation Rosatom, met with Ranjith Siyambalapitiya and Susil Premajayantha, respectively Sri Lanka's minister of power and renewable energy and minister of science, technology and research, on 16-17 January.Spassky m...Read More
An internal investigation of the primary containment vessel (PCV) of unit 2 at the damaged Fukushima Daiichi nuclear power plant in Japan was completed as scheduled today, Tokyo Electric Power Company (Tepco) has announced. The survey - using a suspended pan-tilt camera attached to a telescopic guiding pipe - identified deposits and fuel assembly components at the bottom of the pedestal area.A fue...Read More
Aluminium billet premiums in the United States jumped, some premiums in Asia were lower, and the Germany premium in Europe widened upward.The aluminium three-month price on the London Metal Exchange closed at $2,219 per tonne.The spread between the three-month and cash price was in a $1.50 contango per tonne after touching a $6 backwardation earlier in the week.The US 6063 spot billet upcharge has...Read More
Base metals prices on the London Metal Exchange were on divergent paths at the close on Friday January 19, after a week of volatility. Zinc and tin both set fresh 2018-highs during the early morning London session, sustaining their gains throughout the day to close in positive territory."Zinc is forecast to continue its strong rally as global production is on track to trail demand for a third stra...Read More
People who look for easy money invariable pay for the privilege of proving conclusively that it cannot be found on this earth. - Jesse LivermoreBoeing's stock has gone parabolic. It's doubled since April 2017:The stock now trades at a 31x PE ratio, for whatever that's worse. I'm sure if I went through the numbers closely, I could find numerous accounting manipulations which added a copious amount...Read More