After a volatile 2017, Credit Suisse said it is cautiously optimistic about U.S. biotechs, believing tax reform could be a positive catalyst for big-cap drug companies. Nevertheless, the brokerage firm issued opposing notes for biotech stocks Biogen Inc (NASDAQ:BIIB) and Gilead Sciences, Inc. (NASDAQ:GILD). Below, we will take a closer look at BIIB and GILD stocks.Credit Suisse Sees BIIB Returnin...Read More
United Airlines parent United Continental Holdings Inc (NYSE:UAL) is moving higher this morning, after Buckingham Research upgraded the shares to "buy" from "neutral." UAL is up 1.9% at $65.63 in early trading, extending a rebound from its Nov. 15 annual low of $56.51. Currently, the airline stock carries 11 "hold" or "strong sell" ratings from analysts, compared to just five "strong buys." Mean...Read More
The U.S. Food and Drug Administration (FDA) yesterday expanded the use of Exelixis, Inc.'s (NASDAQ:EXEL) drug, Cabometyx, to treat those with advanced kidney cancer. The decision comes well ahead of the FDA's mid-February action date, and earned EXEL stock a price-target hike to $38 from $35 at SunTrust Robinson. RBC, meanwhile, projected a $1 billion market opportunity for the biotech.In reaction...Read More
U.S. stock futures are broadly trading above fair value this morning, as tax reform remains the main focus on Wall Street. The Dow Jones Industrial Average (DJIA) is signaling a triple-digit jump, and tech stocks look ready to rebound, illustrated by a sharp rise in Nasdaq-100 Index (NDX) futures. The House of Representatives and the Senate bothwere able to pass the GOP's pro-business tax bill, bu...Read More
After this full week of trading, we'll be followed by two shortened weeks for Christmas and New Year's. Below, I show how stocks have performed during these holiday weeks in the past. First, though, I point out how bullish the second half of this month usually is for the S&P 500 Index (SPX).History Says to Buy Stocks NowBelow is a table comparing the first half of December to the second half of De...Read More
I was first introduced to the concept of "peak oil" 15 years ago. It was a simple theory: Oil is a finite resource. At some point in time, the world's ability to increase oil production would ultimately "peak." And this peak would be followed by a terminal decline in global output.The theory has been around for almost a century. But the man who popularized the idea was an American geophysicist na...Read More
The comments above & below is an edited and abridged synopsis of an article by Tyler DurdenOne of the traditional push-backs against attempts to predict black swan events is that they are unpredictable. However, for the second year in a row, Nomura's Bilal Hafeez has found a loophole: the grey swan.Hafeez says that, while he would like to be able to predict black swans, by definition that is impos...Read More
The comments above & below is an edited and abridged synopsis of an article by James Howard KunstlerKunstler thinks that the tax reform bill currently working its way through Congress should be called the Asset-Stripping Assistance Act.The US economy is collapsing, and the stock market expansion is just what you might expect in a system getting ready to blow. Meanwhile, the rise of the crypto-curr...Read More
The comments above & below is an edited and abridged synopsis of an article by Mike GleasonMike interviews Michael Pento, president and founder of Pento Portfolio Strategies and author of The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. Michael is a well-known and successful money manager and has been a regular guest on CNBC, Bloomberg, Fox Business News, and als...Read More
The comments above & below is an edited and abridged synopsis of an article by Doug CaseyThis is the text of an interview with Doug Casey on commodities, which he believes are in the early innings of a massive bull market.Doug is not talking about just gold and silver. He thinks commodities, as a group, are about to take off.Doug has so much conviction in this call that he just launched a new comm...Read More
The comments above & below is an edited and abridged synopsis of an article by Birch GoldJP Morgan's outlook for gold in 2018 is positive, especially in the second half of the year. During the first half of 2018 gold should average $1,295 an ounce, with the average climbing to $1,340 in the second half, said the bank in its 2018 Global Commodities Outlook.The pressure of additional interest rate h...Read More
Dow Jones Stocks and Precious Metals; 2000 - 2017 (CAD$)Source: Thomson Reuters Datastream; BMG Group Inc.Read More
It won't take long, but you might want to take a seat first...In what looks like further confirmation, capitulation if you will, from a person who was one of the most staunch, hardcore silverbugs around, there's little doubt this is a continuing sign of the bottom, albeit from a different angle: Hitting rock bottom.Fundamentally, we have seen gold & silver capitulation from some of the most outspo...Read More
CLICK ON CHART TO ENLARGESenior (GDX) and Junior Miners (GDXJ) have had a rough go of it the past year, far underperforming the broad markets. No doubt about it the trend remains lower for each.This decline over the past 14-months has taken GDXJ down to line (1), which has been support/resistance several times over the past two years.GDXJ hit line (1) three weeks ago, where it created a small/bull...Read More
Don't miss the opportunity to catch Marin live at the Vancouver Resource Investment Conference - January 21st & 22nd, 2018.Register for FREE http://www.cambridgehouse.comStay Connected!http://www.cambridgehouse.com/https://twitter.com/cambridgehttps://www.facebook.com/cambridgehou...Copyright (C) 2015 Cambridge House International Inc. All rights reserved.Read More
Alala Easter is really cool ... but here we talk about Christmas!Thanks to J?(C)r?(C)mie D?(C)thelot: https://www.youtube.com/channel/UCsoF...Thank you to Blanche, David, Florian, Mathilde, Maxime Paul and Stanislas!Read More
The CME's new copper cif Shanghai futures contract could significantly change the way copper consumers make their purchase decisions by allowing them to hedge against exposure, Lord Copper muses. A long time ago, when the world was (to our eyes) a much simpler place, copper producers who sold their metal on the basis of the LME price decided that they should include with that price a premium which...Read More
The CME's new copper cif Shanghai futures contract could significantly change the way copper consumers make their purchase decisions by allowing them to hedge against exposure, Lord Copper muses. A long time ago, when the world was (to our eyes) a much simpler place, copper producers who sold their metal on the basis of the LME price decided that they should include with that price a premium which...Read More
JOHANNESBURG (miningweekly.com) – Lesotho-focused Firestone Diamonds has agreed to extend the option period granted to Amulet Diamond Corporation to purchase the Aim-listed company BK11 asset until December, 31, 2018.BK11 is a diamond asset in Botswana, currently on care and maintenance.AdvertisementAmulet was funding the construction and operation of a bulk sampling plant at the BK11 mine d...Read More
The CME's new copper cif Shanghai futures contract could significantly change the way copper consumers make their purchase decisions by allowing them to hedge against exposure, Lord Copper muses. A long time ago, when the world was (to our eyes) a much simpler place, copper producers who sold their metal on the basis of the LME price decided that they should include with that price a premium which...Read More