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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@newstracker#US – Counter to seasonal moves, gasoline prices jumped 5.8%mom (-6.5%yoy) accounting for a diverging dynamics in
general and core CPIs.
- Core CPI (ex food and energy) slowed a little in Sep with services sector inflation continuing to drive prices growth (0.2%mom/3.2%yoy) and goods sector remaining in a deflationary territory (-0.1%mom/-0.6%yoy).
- New inflation data had little effect on market expectations for the Fed rate hike which is assigned a 63% chance to take place before year end.
Source: SP Angel – Morning View – Wednesday 19 10 16
@newstracker#US – Manufacturing PMI climbed versus expectations for no change in Oct with new orders hitting a one-year high.
- Growth was reported to be driven by local demand compensating for slow export sales.
- On cost inflation, input prices were said to have climbed the most in nearly two years on the back of greater raw
- Expectations are for business activity to grow following the presidential election ”which has been commonly cited
as a key factor that has subdued spending and investment in recent months”.
Source: SP Angel – Morning View – Tuesday 25 10 16
@newstracker#US – Consumer confidence index fell to the lowest in three months with declines reported in both current situation and consumer expectations.
- Despite the pull back from a strong run recorded over the last five months “consumers’ expectations regarding their income prospects in the coming months were relatively unchanged”, the Conference Board said.
- “Overall, the sentiment is that the economy will continue to expand in the near-term, but at a moderate pace.”
Source: SP Angel – Morning View – Wednesday 26 10 16
@DJSAt current Au spot, that "nice side benefit" is worth US$122M in the ground, or approximately 1/3 of $NXE's current market cap (converted notionally to US dollars for this post). The ore will be mined regardless, so except for the incremental Au processing costs this value all falls to the bottom line. It's clearly not why you would buy $NXE, but I would call it much more than a "nice side benefit".
@newstracker#US – Oct business activity reports show an accelerated growth in manufacturing and services in Oct and point to an improved GDP growth outlook through H2/16.
- “Taken together, the ‘flash’ PMIs suggest that the economy is growing at an annualised rate of around 2% at the start of the fourth quarter,” Markit said.
- Service providers reported the strongest increase in new orders since late-2015 on improved domestic demand.
- Earlier, manufacturers have also reported the fastest rates of growth in new orders in a year on “widespread optimism that demand will pick up again after the presidential election”.
Source: SP Angel – Morning View – Thursday 27 10 16
@newstracker#US – GDP numbers released on Friday outperformed estimates rebounding from a lacklustre H1 driven by increases in inventories and exports compensating for a weaker consumer spending.
- Inventories positively contributed to growth for the first time since early 2015.
- Exports added the most to GDP growth since Q4/13.
- Consumer spending stripping changes in inventories and exports out expanded at an annualised rate of 1.4%qoq (quarter on quarter) versus a 2.4%qoq increase in Q2/16.
- On a less positive note, business spending on equipment remained weak posting a decline for fourth consecutive quarter.
- An acceleration in the growth rate together with a robustness in the consumer spending is likely to convince the FOMC to continue with tightening the monetary policy before year end.
- Chances of a rate hike in Dec currently stand at 69.2%.
Source: SP Angel – Morning View – Monday 31 10 16
@newstracker#US – In line with separate reports, ISM reported an acceleration in manufacturing sector growth in Oct.
- Previously, Markit said manufacturing expanded at the fastest pace in a year in Oct benefiting from “rising domestic and export sales”.
- Markit report also pointed to building inflationary pressures with factory prices climbing by the most in five years suggesting it “will will further fuel speculation that the Fed will hike interest rates again in Dec”.
- YTD (Jan-Oct) auto sales were little changed at 14.4m from the previous year, a record sales year for the industry, on the back of consumer incentive programmes.
SP Angel – Morning View – Wednesday 02 11 16
@ekim@JamesKwantes and @Breccia$NAR he wasn't shy to offer up his opinion on the future valuations. $200 per carat. Assuming it is $US. gives you CAD$260 per carat x the highest grade domain @ 0.77 cpt. Gives you CAD$200 per tonne. Probably around CAD$100 per tonne potential margin..and that gets squeezed by the other domains. 48 million x CAD$100 = CAD$4.8 billion potential cashflow to work with. Not too bad. now you just need to prove up that US$200 per carat valuation and the project is looking better. More parcels, more diamonds, more money. This potential is clearly a reason to keep this project in the forefront. Tough sledding though...but what isn't in the diamond sector.
@Excelsior#NaturalGas as a Global Commodity
Jude Clemente – NOV 23, 2016
“The #US became a net gas exporter just a few weeks ago, but exports to #Canada have actually been falling. Unlike still developing #Mexico, Canada doesn’t have huge incremental #gas needs, explaining why it’s so critical for Canada’s gas industry to have access to global markets via #LNG. Interestingly, while Mexico is overdependent at 60%, natural gas accounts for just 10% of Canada’s #power generation.
But, U.S. #shale#gas will continue to be very competitive into eastern Canada as new pipeline infrastructure gets built, such as the Rover and Nexus routes which will take Marcellus and Utica gas to southern Ontario’s Dawn hub. Both are expected to have completed phases next year.
One interesting market to watch will be how rising #oil prices impact #OilSands development in #Alberta and thus Canadian gas demand. Mining and in situ oil sands activity utilize gas for process heat and to upgrade bitumen to synthetic crude. #Gas utilized in the business is expected to double to around 5.2 Bcf/d by 2030…”
@kjmThere's a lot of moving pieces in the world today and some of them are just plain not positive for gold...int rates moving higher, $US, higher markets for as long as that lasts. So don't be so quick to always blame it on the ptb...with the gold price as low as it is, I suspect they have bigger worries. I do realize there is manipulation and always have been but it is not what sets gold's trend.
@Excelsior@Goldfinger - there may be a billion pounds of #Uranium in the #AthabascaBasin, $CCJ$DNN$NXE$FCU$UEX$CVV$AL but not all of it will be as "economically viable" as some believe due to the depth, water issues, permitting timelines, environmental push-back. Some of that Athabasca Uranium is actually underwater making accessing the ore more challenging, or directing miners to underground where they lose much of those ounces. This is one of the key advantages $NXE has over many of it's neighbors for example.
Higher grade is awesome, but it isn't always the most economical. There are plenty of commodities where lower grade resources end up being more economical due to power, roads, water, jurisdiction, taxes, permitting, distance to mill, etc... The other thing about much of the exploration being done in the Athabasca is that much of it is years away from all the permits and development needed to bring it to market.
Many of the existing producers or development stage companies in the #US ( $UUUU$URG$UEC$URRE$PENMF$WSTRF) and #Australia ( $EGRAF$BKLRF$TOEYF$BNNLF$BOE.AX ) are positioned to capitalize on prices as they rise in 2017-2020. The US is the #1 nuclear country and imports 90% of its fuel. (just imagine if the US imported 90% of it's Oil) The US producers that supply this need will have a big advantage for negotiations in this next cycle, as will the African deposits that may supply the reactors being built in #Africa, the #MiddleEast, and #Europe . #Index
@DanO#Water Stress Is Factor in Global Mining Slump - Floods, dam failures, public opposition batter big hard rock mines. In Chile, the world’s largest #copper producer, the mining industry withdraws an average of 70 cubic meters of fresh water to produce one metric ton of copper. Water risks are translating into higher costs for mines. Companies spent approximately $US 12 billion on water management in 2013. Chile has introduced legislation that would require mines using at least 150 liters of water per second to supplement with desalinated water sources. Desalination costs approximately $US 5 per cubic meter (1,000 liters) of water in Chile. Desalination also requires large amounts of energy—much of which is now produced by coal-fired power plants. #Uranium mines in Namibia are also facing the prospect of water shortages and increased costs for desalinated water. http://www.circleofblue.org/2016/world/water-stress-factor-global-mining-slump/
@newstracker#US equities bounced marginally yesterday (S&P +0.4%) following a sharp decline on the FOMC announcement day while European stock indices are broadly flat today.
- #Gold is up slightly this morning after hitting a low of $1,123/oz yesterday and as the US$ index climb paused.
- The metal is on course to post its sixth weekly decline.
- 10y Treasury yields dropped marginally from a two-year high following a six-day long increase.
- #Brent is little changed trading around $54/bbl.
- #Iron ore futures and steel prices in China are little changed holding up well around this year’s record levels.
@newstracker#US – Services sector continued to expand, though at a slower pace, in the last month of the year while jobs growth strengthened for a third consecutive month and input costs reported to have climbed the most since mid-15, the latest Markit PMI data showed.
- New business orders growth came down slightly, although a one year business outlook improve.
- “The surveys are consistent with GDP rising at an annualised rate of 2.0% in the fourth quarter, fuelled mainly by improving domestic demand,” Markit wrote.
- “With the new year bringing a change of government and a shift emphasis towards fiscal stimulus, economic growth and the labour market look set to strengthen further in 2017.”
- “We expect GDP growth to accelerate to a steady but unexciting 2.3% in 2017, accompanied by the three further quarter point rate hikes by the Fed.”
@poolmanVery nice and informative discussion to say the least! The "current intrinsic value" to me is the down the road share price NXE will have, that's why I'm in this with an avg cost of .70 $US and topping off occasionally now and then.
@nlepanUS House of Representatives to Act on Bill to Target ‘Position Limits’ Rules on Commodities Trading. Andrew Ackerman writing in the Wall Street Journal says that Republicans are about to approve legislation that would make it hard for the Commodity Futures Trading Commission to complete rules to limit speculation in commodities like oil and gold. The CFTC is seeking to create position limits that would cap the size of positions firms or traders could take. This measure is largely opposed by Wall street (not a big surprise). The House is expected to vote as early as Wednesday. Furthermore, The House is also expected to vote this week on a bill that would create more hurdles for the SEC to complete new regulations. This bill would require additional analysis of the costs and benefits of rules before they are adopted by the commission. The SEC also would have to issue “lookback” reports that estimate the cost that a rule has on the economy. http://www.wsj.com/articles/house-to-act-on-bill-to-block-position-limits-rules-on-commodities-trading-1484007805#US#commodities#regulators