Like Barack Obama, Iran's leaders don't know how a real economy works.Read full newsRead More

RBC's Porcelli Sees a 'Two Handle' on UnemploymentPayrolls at U.S. companies increased in December by the most in nine months, consistent with further progress in the labor market, according to data released Thursday from the ADP Research Institute in Roseland, New Jersey.Highlights of ADP Employment (December)Private payrolls rose by 250k (190k est.), exceeding all estimates in a Bloomberg survey...Read More

The Dow Jones Industrial Average finished above 25,000 for the first time on Thursday, Jan. 4, as the S&P 500 and Nasdaq posted record closes for the third consecutive day. The records came amid a renewed charge in the global stock rally that continues to test records for high prices and low volatility. The Cboe Volatility Index (VIX.X) dipped below 9.0 on Thursday for the second consecutive...Read More

The bull market is proving to be one unstoppable beast.  The Dow Jones Industrial Average crossed 25,000 for the first time on Thursday, Jan. 4, amid a renewed charge in the global stock rally that continues to test records for high prices and low volatility. Cboe Volatility Index (VIX.X) dipped below 9.0 on Thursday for the second consecutive day. The index, commonly regarde...Read More

The Dow Jones Industrial Average looks set to open at a all-time high Thursday, and could immediately test the 25,000 point mark following solid gains in Europe and Asia amid a renewed charge in the global equity market rally that continues to test records for high prices and low volatility. Early indications from U.S. equity futures suggest the real possibility of the Dow crossin...Read More

Cobalt prices went ballistic in 2017 with the metal quoted on the LME ending the year at $75,500, a 129% annual surge sparked by intensifying supply fears and an expected demand spike from battery markets. Measured from its record low hit in February 2016, the metal is more than $50,000 more expensive.Given these lofty levels - and considering that the volatile commodity topped $100,000 a tonne a...Read More

The latest news and price moves to start the Asian day on Friday January 5.Base metals prices on the London Metal Exchange ended mostly higher on Thursday January 4, with only tin bucking the overall trend as of the 5pm close in London. Read more in our live futures report. However, lead joined the descent later in the evening.Here are how prices looked at the end of the day on Thursday.The c...Read More

Gold enjoys an increasingly friendly macro environment.Speculators boosted their bullish bets over December 19-26, the CFTC shows.ETF investors were quiet over December 22-29, according to FastMarkets' estimates.My long GLD position is moving for me. Expect further strength in course of 2018. Introduction Welcome to my Gold Weekly. Let me start by wishing you and yours all the best for 2018. I cel...Read More

Victoria Gold develops its Eagle gold mine in Yukon.It should produce almost 200,000 toz gold per year, at AISC below $650/toz, with the first gold pour expected in early 2019.At the current gold price, the after-tax NPV (5%) of the project is around $475 million.The problem is that a notable share dilution seems to be inevitable so as to cover the construction funding gap.Despite the probable sha...Read More

NewGold's Rainy River will change rags to riches.Yukon's gold discovery of 2017.B.C.'s Golden Triangle smoking hot in 2017.Garibaldi soars 3,500% and Jaxon 500%.In my last comments on September 15th, gold (GLD) hit my $1360 target and I was contemplating the possibility of a break above $1375. I believed at that time, the best chance for this was in September/October because after tha...Read More

We made a big bet on biotech exactly one year ago.At the time, it was one of the most unloved sectors on the market. No, the biotech bull never showed its face in 2016.But in early 2017, we witnessed the beginnings of a powerful rally and hopped onboard for a long-term trade. A fast start out of the gate in 2017 was just what the ailing sector needed to spark a massive bull run, we reasoned.Fast f...Read More

Bitcoin briefly topped out above $20,000 in December. Then it hit a rough patch. As I type, bitcoin is trading in the $14,500 range. Many people wonder if this is the beginning of the end for bitcoin.Here's my answer to that: no, it's not. Not by a long shot.Pullbacks like these are normal, healthy, and even necessary. Nothing goes up in a straight line forever. And I still hold firm to my predict...Read More

"In high school," begins our co-founder Bill Bonner, "we learned that anything can be used as money.""In 2017," he continues with wry bewilderment, "bitcoin proved it."But is it true?Is bitcoin now a viable form of money… or merely an asset like a stock, a bond... or a Star Wars action figure?(It has come to our flabbergasted awareness that this 3.75-inch chunk of molded plastic recently sol...Read More

In August 2016, at a rally in support of Hillary Clinton, investing legend Warren Buffett, a billionaire many times over stood on the stage and said:“I ask Donald Trump: ‘Have you no sense of decency, sir?”The last time those exact words were uttered on a national stage was in the spring of 1954 when Boston lawyer Joseph Welch effectively ended the political career of Senator Joe...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 rose $9.50 to $1,322.00 on Thursday. The TSX Venture Exchange dropped 9.56 points to 880.38 while the TSX Gold Index added 0.84 point to 198.69. Torex Gold Resources Inc. (TXG), nearly $34 a year ago, continued to st...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 9.56 points to 880.36 Thursday. David Berg's investment issuer, Block One Capital Inc. (BLOK) dropped 14 cents to $1.06 on 884,000 shares. The company has had to retract and clarify some of its statements,...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 an 85-85-109 draw. The TSX Venture Exchange added another 18 points to 889 while polished diamond prices gained 0.1 per cent. Dermot Desmond and David Whittle's Mountain Province Di...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 slipped $4.40 to $1,312.70 on Wednesday. The TSX Venture Exchange rose 18.90 points to 889.94 while the TSX Gold Index lost 1.49 points to 197.85. Goldcorp Inc. (G) moved higher, adding 21 cents to $16.72 on 5.08 mil...Read More

The latest news and price moves to start the Asian day on Friday January 5.Base metals prices on the London Metal Exchange ended mostly higher on Thursday January 4, with only tin bucking the overall trend as of the 5pm close in London. Read more in our live futures report. However, lead joined the descent later in the evening.Here are how prices looked at the end of the day on Thursday.The c...Read More

The gold miners' stocks have huge upside potential in 2018, likely the best among stock-market sectors. They really lagged gold last year, so a major mean-reversion catch-up rally is coming. The gold miners are universally ignored and deeply undervalued relative to the metal which drives their profits. And gold itself is likely to power dramatically higher this year as euphoric record-high s...Read More