US and COVID-19: Under Control or Ticking Time Bomb?
Before reading this, I would like to qualify this article with sincere hope the US contains and defeats the spread of the virus. As a capital markets blogger, I keep reading “we have bottomed,” thus I wanted to compile a blog roll investigating where the world’s largest economy sits with the virus from a risk […]
Canada Jobless Claims to Hit Just Under 1 Million, US Could See upto 3 Million Initial Claims
Just under 1 million Canadians applied for jobless claims last week; approximately 5 percent of the labour force. In a piece on BNNBloomberg, a senior government official with knowledge of the data indicated the new figure sits at 929,000 claims. This coming approximately one week after Justin Trudeau indicated the number was coming in north […]
Giyani Metals Receives LOI from Netherlands Export Credit Agency
Giyani Metals Corp. (TSXV: EMM) has received a letter of interest from Atradius Dutch State Business with regards to financial support for the company’s K. Hill manganese project located in Botswana. Atradius Dutch State Business is the official administrator for the Netherlands Export Credit Agency, and has sent a letter of interest to Giyani in […]
CME Group To Change Gold Futures Contracts, Increases Margin Requirements
Yesterday, we covered why there was up to a 4% price disparity between the spot price of gold and gold futures, which in summary, is a result of a lack of physical bullion mixed with trade concerns from COVID-19. Within, we identified that the CME Group, the operators behind the commodities exchange known as Comex, […]
Ben Bernanke: ‘You’re Going to See Some Scary Number’
Former Fed Chairman Ben Bernanke was on CNBC this morning discussing the current crisis. Comparing the disaster of his reign, he said this is largely the opposite of the 2008 crisis; last time the financial system impacted the economy, this time it will be the economy impacting the financial system. The public health issue is […]
Champignon Brands Appoints Dr Joseph Gabriele To Special Advisory Committee
Champignon Brands (CSE: SHRM) this morning announced that it is bolstering its special advisory committee through the appointment of Dr Joseph Gabriele, a molecular pharmacologist specializing in signal transduction within the central nervous system. Gabriele is expected to be responsible for championing Champignon’s development and commercialization of rapid onset treatments which are capable of improving […]
Nothing Complicated, Everyone Just Believes It’s The End Of The World
That sure didn’t take long! We wrote on Monday that the gold chart had broken down, indicating that the market believed, at the time, in the ability of central banks to print the economy through a short-term jam. Under Monday’s paradigm, the inflationary effects of the fiat money creation would end up in the gold […]
Max Resource Enters LOI For Quebec Palladium Project
Max Resource Corp (TSXV: MXR) has entered into a letter of intent through its PGE Americas Metals Corp subsidiary for the purchase of a palladium project in Quebec, Canada. The project, referred to as the EBAY Palladium Project, is located 30 km southeast of Matagami, Quebec, and is accessible by logging roads and trails. The […]
Medipharm Labs Ships First Topical Products
Medipharm Labs (TSX: LABS) is now in the cannabis topicals business. The company announced this morning that it has shipped its first topicals products under a new contracting manufacturing agreement that the firm has entered. The company provided no details at all on the shipment, other than to issue a news release indicating it had […]
Why Gold Futures Are Not In Line With Spot Prices
It appears that even gold markets are not immune to the effects of a global pandemic, and not in the manner that you would think. While many expected the spot price of gold to rise as a result of measures taken by the Fed to bailout firms and print further money, it appears that this […]