By analyst By Frik Els On the eve of listing, Nexa Resources (TSX:NEXA, NYSE:NEXA), spun out of Brazil’s Votorantim conglomerate, lowered the price of its initial public offering to $16 per share from the previously expected range of $18–$21 per share. Nexa, a major zinc producer with five operating mines in South America, raised just […]
Canada’s 3rd largest mining IPO points to healthy investor appetite Read More »
By James Rickards This post Gold vs. Bitcoin: Goldman Sachs Weighs In appeared first on Daily Reckoning. I write and speak a lot on gold. In contrast — and this surprises some people — bitcoin is my least favorite topic. I’m made my views known many times. Still, interviewers love to get into the “gold
Gold vs. Bitcoin: Goldman Sachs Weighs In Read More »
By Jordan Roy-Byrne CMT, MFTA Over the past two years, Gold has been inversely correlated to bond yields. In a low inflation environment, falling bond yields drive real interest rates lower which benefits Gold. Conversely, rising yields are generally negative for Gold. When long-term yields exploded higher in the second half of 2016, Gold declined
When Will Rising Yields Benefit Gold? Read More »
By Cory Looking Ahead to a Very Busy Political and Central Bank Week Chris Temple joins me to help wrap up the markets today. It was again a relatively slow day for the markets but this week we have some potential drivers. We have three central bank meetings (ECB, BoJ, and the Fed), we also
Daily Market Wrap – Mon 30 Oct, 2017 Read More »
By Cory Coral Gold introduction – This Company Has My Attention At the recent New Orleans Investment Conference I was introduced to Coral Gold Resources (TSX.V:CLH & OTCQX:CLHRF). We all know the President and CEO David Wolfin very well as he is the one running the show over at Avino Silver and Gold Mines, a
Exclusive KE Report Commentary – Mon 30 Oct, 2017 Read More »
By James Altucher This post The “B” Word appeared first on Daily Reckoning. Since the dot-com boom crash and 2008 recession, calling a successful market a bubble has become high fashion. The bitcoin craze is no different. People have been calling it a bubble since the beginning. Bitcoin @$4: “Bitcoin is overpriced, this is a
click to enlarge And because it takes seven years on average for a new mine to begin producing—thanks to feasibility studies, project approvals and other impediments—output could recede even more rapidly in the years to come. “It doesn’t really matter what the gold price will do in the next few years,” Pierre says. “Production is
The World Is Running out of Gold Mines—Here’s How Investors Can Play It Read More »
By Alexander Green I hate to call Berkshire Hathaway (NYSE: BRK-B) Chairman and CEO Warren Buffett a hypocrite. I truly respect and admire the man, something I can’t say about other uber-wealthy investors I know. I appreciate his plainspoken ways, his insightful views, his well-informed opinions and his witty annual reports. I have learned much
The Other Reason Buffett Is the World’s Third-Richest Man Read More »
By Greg Guenthner This post Here’s Why You Should Never Doubt Amazon appeared first on Daily Reckoning. If you’re looking to lead a long, healthy life free of pain and anguish, there’s only one thing you need to do… Never doubt Amazon. Thanks to a post-earnings pop heading into Friday trading, Amazon stock gained 13%
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By analyst By Cecilia Jamasmie Canadian oil producer Cenovus Energy (TSX, NYSE:CVE) has named industry veteran Alex Pourbaix chief executive officer, effective Nov. 6. Pourbaix replaces Brian Ferguson, who announced his retirement earlier this year following Cenovus’ $17.7 billion acquisition of oil sands and Deep Basin assets from ConocoPhillips (NYSE:COP). Pourbaix, who worked at TransCanada
TransCanada veteran Alex Pourbaix to lead Cenovus Read More »
