Kingman Minerals, Has a Historical Gold & Silver Mine: What Will Assaying & Drilling Bring?
We’ve taken a preliminary look at Kingman Minerals (TSXV: KGS) and find it quite interesting. Going by historical numbers, they may have quite a strong gold and silver play in Arizona. The stock price did extremely well in the month of April, although that is somewhat tempered by the fact that the more-than-apparent tightness of […]
April New Vehicle Sales Lowest Since 1990’s
Edmunds, which serves as an online resource for automotive information, recently published data on new vehicle sales for the month of April – and it appears that the auto industry has not been faring very well through the coronavirus pandemic. According to Edmunds’s preliminary data, new vehicle sales in April dropped by 36.6% from the […]
Auxly Illustrated – Has The Stream Run Dry?
Auxly Cannabis Group. (TSXV: XLY)‘s annual report was filed this week, drawing great ridicule from observers for yet another top-line loss, both on the quarter and the year, and causing shareholders to ask, again, just what this company they’re buried in does, anyway? The company’s current public-facing orientation as a consumer packaged goods growth story […]
Deutsche Bank to Start Charging Negative Interest Rates on Deposit Accounts in Excess of €100,000
Negative interest rates have been here for a while in some regions. Despite this, banks have been reluctant to charge savers these negative rates to encourage further deposits. It appears this trend is coming to an end however. Deutsche Bank, which is one of the largest banks in the world, has finally made a proactive […]
CME Group Increases Credit Facility to $7 Billion in the Event that a COMEX Member Defaults
The coronavirus pandemic has some markets preparing for the worst. CME Group, which owns Comex, the largest futures market in the world, recently amended its 364-day credit facility increasing the limit from $5 billion to $7 billion. According to CME’s regulatory filing, the credit line also has the option to increase to $10 billion, and […]
Draganfly’s COVID Drone Pilot Goes Over Like A Lead Balloon
The smallcap market is adjusting to new realities just like the rest of us. This column has taken particular notice of story stocks that have adapted to the environment, because it’s sell or die out there, and nobody gets into smallcap to get rich later. Draganfly Inc (CSE: DFLY) has been floating a narrative for […]
Beef Prices Hit Record High Amid Meat Processing Facility Closures
As US meat processing plants are shutting down across the country, the price consumers are paying for beef has been drastically increasing. According to recent data released by the US Department of Agriculture, wholesale beef prices have hit a record high at $330.82 per 100 pounds – which accounts for a 62% increase since February […]
Canopy Growth Sees Constellation Brands Exercise $245 Million In Warrants
Constellation Brands (NYSE: STZ) has exercised the much anticipated warrants it holds in Canopy Growth Corp (TSX: WEED) (NYSE: CGC), increasing its ownership in the cannabis giant by 5.1% to an overall 38.6% ownership in the firm. The exercise of the warrants has been much anticipated as a result of previous comments made by the […]
House Speaker Nancy Pelosi Proposes $1 Trillion Funding for Local Governments
As the taxpayer-funded CARES legislation is being used up by various sectors across the country, the Democrats are coming forward with a second proposal: house speaker Nancy Pelosi is requesting an additional $1 trillion be allocated to state and local governments as a means of continuing the fight against the deadly coronavirus. According to Pelosi, […]
Consumer Spending Drops to Record Low Amid Coronavirus Pandemic
The growing impact of the coronavirus pandemic is becoming very evident: in March, US consumer spending plunged by a record rate, meanwhile personal incomes also fell by levels not seen since the beginning of 2013. The Commerce Department recently released its first quarter report, which outlined figures indicating the US economy has shrunk by a […]