Gold Resource Corp Is Not A Primary Precious Metals Producer Anymore
Today Gold Resource Corp (NYSE: GORO) released its 2Q 2017 production results. The company produced the following amounts of metals: Gold: 5,696 ounces Silver: 397,670 ounces Copper: 294 tonnes Lead: 1,207 tonnes Zinc: 4,176 tonnes Now, assuming the following, average metal prices recorded in 2Q 2017: Gold: $1,258 per ounce Silver: $17.21 per ounce Copper: […]
USD/JPY Losses To Persist As U.S. Yields Remain Under Pressure
Ticker Last High Low Daily Change (pip) Daily Range (pip) USD/JPY 111.73 112.23 111.56 34 67 USD/JPY stands at risk for further losses as it extends the series of lower-highs carried over from the previous week, while U.S. Treasury yields remain under pressure and give back the rebound from June. With Fed Fund Futures still […]
Trade War Games
“We’re already in a trade war with China. The problem is we’ve not been fighting back.” – Peter Navarro “The battle for Helm’s Deep is over. The battle for Middle Earth is about to begin.” – Gandalf the White Image: Wikimedia Commons This letter should find you buckled in for the turbulence I described last week. If not, […]
‘Crash In Bond Markets’ Now No.1 Worry For Fund Managers
Listen, one thing you need to understand about BofAML is that they really like to conduct surveys. So does Citi. Unfortunately, when BofAML releases the results of their surveys, they don’t include fun recipes for “Grandma’s whiskey cornflake cookies” (big shoutout to Laura’s grandma) like Citi does. Whiskey cookies or no whiskey cookies, BofAML’s fund manager polls […]
E Tech Talk: More On Canada’s Oil Sands Story
In various earlier columns, I have discussed the significance of the head-and-shoulders pattern as a signal that a stock, commodity or what not is ready to reverse direction. The blue parabolas in this five-year chart of West Texas Intermediate oil prices suggest quite strongly that this commodity hit rock bottom 18 months ago. If this […]
GE To Report Q2 Earnings: Will It Pull Off A Surprise?
Industrial goods manufacturer General Electric Company (GE – Free Report) is scheduled to report second-quarter 2017 results before the opening bell on Jul 21. In the last reported quarter, the company’s operating earnings beat the Zacks Consensus Estimate by 4 cents. Over the trailing four quarters, General Electric reported an average positive earnings surprise of 9.4%, beating estimates thrice […]
Valuable Insights In The Currency Markets
The US dollar continues to move down this year with the Euro continuing to show strength. Axel Merk, President and CIO of Merk Investments shares his thoughts on what is driving these moves. We also discuss the recent moves by the Bank Of Canada which is driving the Canadian Dollar higher. Audio Length: 00:10:48
3 Undervalued Stocks To Invest In This Hot Market
Photo Source The stock market has been gaining every year since 2008 and setting all-time highs along the way. As a result, many investors think it is at its peak and along with it, so are individual stocks. But the reality is that not all stocks have been consistently rising. There are undervalued stocks out […]
CymaBay Announces Pricing Of Public Offering Of Common Stock
NEWARK, Calif., July 19, 2017 (GLOBE NEWSWIRE) — CymaBay Therapeutics, Inc. (Nasdaq:CBAY), a clinical-stage biopharmaceutical company focused on developing therapies for liver and other chronic diseases with high unmet need, today announced the pricing of its previously announced underwritten public offering of 13,000,000 shares of its common stock at a public offering price of $6.50 […]
