Dear Reader,It is a red-letter day here at The Daily Reckoning... a day of celebration.For we have hooked a hefty fish.Mr. Timothy Sykes - trader extraordinaire - has joined our swelling ranks of misfits, dreamers, visionaries and money men."I know 1,000s of day traders," begins our own James Altucher, himself a former hedge fund manager and venture capitalist."I know one successful day trader," h...Read More
Barron's kicked off the short trading week with another head-scratcher:One retailer's stock has jumped 10% in 2018 - and there could be more to come.Retail stock?I doubt it. The article probably tells the story of a cutting-edge startup looking to challenge Amazon in the online retail space.Or a logistics firm helping shops streamline their inventory process using blockchain technology. An actual...Read More
Stocks finished in the red on Tuesday.I know that's hard to believe. But it's true. After leaping above 26,000 for the first time ever, the Dow Jones Industrial Average coughed up more than 250 points to finish the trading day just barely in the red.The S&P 500 and the Nasdaq followed suit. Both posted new all-time highs before lunch only to reverse and finish in the red by the closing bell. W...Read More
“Do NOT fall out of the boat!!”I was 17-years old and thought I was invincible. My class was on a white water rafting expedition and I was cutting up at the front of the boat. That’s when I saw the pale look on our guide’s face.I can still remember the tension in his voice as he barked out the orders for our next set of rapids.“Diamond Splitter is a class four rapids!...Read More
U.S. Gold continues to develop multiple attractive gold mine assets.Recent PEA on Copper King project shows a nice bump to NPV that far exceeds stock valuation and de-risks the investment opportunity.Leadership of a legend geologist with a proven track record provides another solid catalyst for a potential gold gem.About six months ago, U.S. Gold Corp. (USAU) popped onto the scene as a new junior...Read More
Dynacor is ramping up production at its new processing plant, Veta Dorada.After poor 1H 2017 the company seems to be on the right track.However, Dynacor is facing a few risks discussed in this article.In my opinion, the biggest constraint is a fragile business model based on the unpredictable artisanal segment of the gold sector in Peru.Dynacor Gold Mines (OTCPK:DNGDF) is a processing company oper...Read More
Online dealer sold 30kg of gold Tuesday, worth more than $1mBitcoin tumbles below $10,000 for first time since DecemberSonny Singh, BitPay's chief commercial officer, and Bloomberg's Cory Johnson discuss the plunge in Bitcoin.Amid the wild Bitcoin ride that’s wiped more than 40 percent off the cryptocurrency’s price in a month, a pattern may be emerging: sellers are switching out of...Read More
The dream of making a million on an options trade has been one of my dreams for some years, so today, I'll outline one such possibility.It is interesting to note at this point that the producers haven't really joined in the fun and are not reflective of the progress made by gold.Therein lies our opportunity.This sort of trade is a very big ask. Preamble Every now and again it is nice to sit back...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 dropped 7.92 points to 888.27Tuesday. Joshua Bleak's halted Scorpion Resources Inc. (SR) has more information about its qualifying transaction to acquire Cameron Chell's Blockstrain Technology Corp. (see Shell...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 $1.60 to $1,338.00 on Tuesday. The TSX Venture Exchange fell 7.92 points to 888.27 while the TSX Gold Index dropped 1.15 points to 202.63. Kinross Gold Corp. (K) led Canadian gold miners lower. It dropped 25 cen...Read More
The latest news and price moves to start the Asian day on Thursday January 18.Base metals prices on the London Metal Exchange were mostly lower for the second day in a row at the close on Wednesday January 17, retreating further from earlier highs. Read more here in our live futures report.Here are how prices looked at the end of the day on Wednesday.Three trading companies have accepted Nornickel...Read More
Base metals prices on the London Metal Exchange were mostly higher at the close on Thursday January 18, with only tin bucking the higher trend. Aluminium prices closed over 2% higher than Wednesday's close price supported by stronger-than-expected Chinese data and the dollar weakening once more. "Judging by its current technical configuration, LME aluminium continues to consolidate from recent gai...Read More
Toshiba Corporation is to sell its claims against Westinghouse Electric Company and Brookfield - which is buying the Westinghouse-related shares that it holds - to Nucleus Acquisition. The Japanese company said it has entered into an assignment and purchase agreement with Nucleus and a share purchase agreement with Brookfield.Westinghouse filed for Chapter 11 bankruptcy protection with US courts i...Read More
EDF Energy is confident Hinkley Point C (HPC) will come on line in 2025 and that Sizewell C will be 20% cheaper to build, the company's new CEO, Simone Rossi, said yesterday in his first major speech since taking over from Vincent de Rivaz at the helm of the UK company in November.Under a strategic investment agreement signed in October 2016, China General Nuclear (CGN) agreed to take a 33.5% stak...Read More
Oyu Tolgoi has declared force majeure on copper, gold and silver concentrate shipments to customers due to a protest by Chinese coal transporters in the area of the Ganqimaodu border zone, Turquoise Hill Resources said. Safe and normal mine operations, including underground development, have been maintained and no production impact is expected, the company added. The protestors used a large number...Read More
Comex copper prices recovered from a multi-week low in the US morning on Thursday January 18, with solid Chinese data and a weaker dollar providing support. Copper for March settlement on the Comex division of the New York Mercantile Exchange inched up 1.10 cents or 0.3% to $3.20 per lb. The complex is largely being supported by a weakening dollar and the release of key Chinese data today. Chinese...Read More
Bob Moriarty ArchivesJan 18, 2018I predicted a rise in the price of gold and of certain companies who had suffered during Tax Loss Silly Seasonback in December. One of the companies I wrote about that was a tiny $.17 then has surged with the increase in gold to $.31 now on no news. But good news is starting to flow for Altamira Gold (ALTA-V).Altamira holds a dozen projects within the Juruena gold...Read More
Oyu Tolgoi has declared force majeure on copper, gold and silver concentrate shipments to customers due to a protest by Chinese coal transporters in the area of the Ganqimaodu border zone, Turquoise Hill Resources said. Safe and normal mine operations, including underground development, have been maintained and no production impact is expected, the company added. The protestors used a large number...Read More
, Max Porterfield, President and CEO of Callinex Mines, with Jason Levers, Project Geologist, examining the Nash Creek Project diamond drill core at the Madran core facility in New Brunswick. Photo courtesy Callinex Mines Inc.Callinex Mines Inc. [CNX-TSXV, CLLXF-OTCQX] on Thursday January 18 said drilling has intersected high-grade zinc values and expanded the near-surface Nash Creek deposit in Ne...Read More
Supply agreement enables Cannabis Wheaton Income Corp. (TSXV:CBW) to accelerate the execution of its international distribution strategy 12 to 18 months ahead of scheduleSmallCapPower | January 18, 2018: Cannabis Wheaton Income Corp. (TSXV:CBW), the world's first cannabis streaming company, announced Wednesday that it has inked an interim supply agreement with Aphria Inc. (TSX:APH). As per the agr...Read More