Trump to Expedite Permitting for 10 Mining Projects Nationwide
The White House on Friday said it will fast-track permitting for 10 mining projects across the United States as part of President Donald Trump’s push to expand critical minerals production. The projects – which would supply copper, antimony and other minerals – have been granted FAST-41 status, a federal initiative launched in 2015 to streamline […]
Analysts Predict Gold Could Reach $4,000 as Confidence in the US Dollar Declines
Stock image. Gold is hitting records in more ways than one. In nominal terms, the yellow metal set multiple new all-time highs this week, exceeding $3,300 an ounce for the first time ever on Wednesday. And on an inflation-adjusted basis, gold also notched a new record price, surpassing the longstanding record set in 1980. There […]
GDX Accelerates Its Gold Acquisition Efforts – MINING.COM
Stock image. The dominant gold-miners ETF’s catch-up rally with gold is really accelerating. Traders are increasingly flocking back to gold stocks as their metal soars deeper into the psychologically-huge $3,000s. Despite their mounting gains, gold stocks remain seriously undervalued relative to their metal. They still need to mean revert massively higher to reflect their epic […]
Are Trump’s Policies Driving Up Treasury Yields?
One of the biggest surprises to come out of the market turmoil has been the sharp rise in US Treasury bond yields despite rising fears of a recession and investors seeking safe-haven investments. Some of that jump has been reversed, but the rise in bond yields, triggered by a selloff in US government debt, gathered […]
Is Trading Bitcoin Similar to Trading Tech Stocks?
For many years after its inception, bitcoin was seen as an investment that traded unlike traditional assets. But as the cryptocurrency’s tumble thanks to US President Donald Trump’s tariffs demonstrates, these days, it’s trading much like any other risky investment. Bitcoin fell sharply in the wake of Trump’s tariff announcement on April 2, going from […]
Bank of Canada Takes a Break from Rate Cuts, However…
For the first time since last June, the Bank of Canada opted to leave interest rates unchanged, pointing to high uncertainty about the economic outlook brought about by US President Donald Trump’s trade war. This leaves the key overnight interest rate at 2.75%. “The major shift in direction of US trade policy and the unpredictability […]
Ghana Government Assumes Control of Damang Mine Managed by Gold Fields
Ghana has assumed operational control of Gold Fields’ Damang mine after it rejected an application from the South African company to renew its lease, the government said on Wednesday, breaking a tradition of automatically renewing licenses and calling it a critical step in the country’s “economic reset.” Johannesburg-based Gold Fields said on Monday that it […]
What Lies Ahead for the Canadian Bond Market?
Just like everything else in the markets these days, the outlook for the Canadian bond market is complicated. This was seen in the Bank of Canada’s decision on Wednesday to hold interest rates steady in the face of “pervasive uncertainty” about the economic outlook as a result of US President Donald Trump’s tariffs. That came […]
Netflix: Management’s Bold Goals Are Already…
Editor’s Note: This analysis was originally published as a stock note by Morningstar Equity Research. The Wall Street Journal reported that Netflix NFLX management conveyed operating targets to senior staff that included a doubling of revenue and tripling of operating profit by 2030. The targets include 36% growth in global subscribers (members) and imply advertising […]
Nvidia Stock: Downgrading Our Fair Value Estimate Due to…
Editor’s Note: This analysis was originally published as a stock note by Morningstar Equity Research. Nvidia NVDA expects to incur USD 5.5 billion of write-offs associated with its H20 artificial intelligence GPU, as the US has restricted its export to China. The H20 was crafted specifically for the Chinese market to allow Nvidia to circumvent […]