Consumer Prices in the US Rebound by Most Since 2012, CPI Jumps 0.6% in June
As many states across the US have begun to ease restrictions and businesses have reopened, the demand for goods and services has increased. Although the Fed’s unprecedented stimulus money printing is surely indicative of a looming spike in inflation, the continuation of soaring infection rates across several states including Texas, Florida, and Arizona have been […]
Stock Market Bubble Inevitable as Federal Reserve Continues Printing Trillions of Dollars
As the Federal Reserve continues to prop up various businesses and corporations across the US with its coronavirus stimulus aid, the new market liquidity has caused a sudden influx of investors seeking stocks and bonds. Despite much of the US struggling to maintain viability amongst the soaring coronavirus infection rates and diminishing consumerism, both the […]
Market Movers: Facedrive Inc.
Market movers joins the story of Richmond Hill, Ontario based nu-tech platform company Facedrive Inc. (TSXV: FD) just as it finishes a wild Monday, ultimately giving back -$4.92 (-19%) from last week’s $10.14 (+68%) vertical move in a 596,000 share session that landed it at $20.00 flat, after touching $28.00, an intra-day and all-time high. […]
AUX Resources Begins 2020 Field Program At Golden Triangle Project, Georgia River
Mobilization for AUX Resources Corporation (TSXV: AUX) has begun. The company announced this morning that its geological field crew is enroute to the firms flagship property in the Golden Triangle of BC. The 2020 field program is to consist of drilling testing, detailed geological mapping, geochemical sampling and geophysics of the property. Referred to as […]
Trulieve Loses Foreign Private Issuer Status, Must Transition To US GAAP Reporting Standards
Evidently, recent buying activity in Trulieve Cannabis Corp (CSE: TRUL) has come largely from South of the border. The company announced this morning that as of June 30, more than 50% of the firms shares were owned by shareholders domiciled in the United States. The result, is the company loses its “foreign private issuer” status. […]
Max Resource’s AM South Zone Assays 5.6% Copper Via Panel Sample At Cesar Project
This morning, Max Resource Corp (TSXV: MXR) announced the first set of assays from its freshly discovered AM-2 horizon within the AM South Zone at its flagship Cesar project north of Bogota, Colombia. Highlights of the assays, collected via grab samples, include 5.6% copper and 70 grams per tonne silver from a 13 metre by […]
GoGold Resources Quarterly Production Falls 16% Due To COVID-19
GoGold Resources (TSX: GGD) this morning announced production of 504,444 silver equivalent ounces for the period ended June 30, 2020. On a quarter over quarter basis, production was down a total of 16%, which is largely said to be a result of the ongoing coronavirus pandemic. Outside of silver equivalents, the company announces a total […]
McLaren Resources Closes Financing For Gross Proceeds Of $587,000
McLaren Resources (CSE: MCL) last night announced that it closed a private placement, raising gross proceeds of $587,000 through the sale of both flow through and common share units of the company. Proceeds from the financing are to be used to further exploration on the firms portfolio of gold properties in the Timmins Gold District, […]
US Business Activity Beginning to Show Stabilization as Economy Reopens
As states across the US have begun lifting coronavirus restrictions and allowed businesses to reopen, the rate of economic contraction has finally started to slow down, while inflationary pressure has finally caught up following months of exorbitant government monetary and fiscal policy. According to the latest IHS Markit PMI report, the Services Business Activity Index […]
PI Financial: Trulieve, Cresco Labs Top Cannabis Picks For 2020
This morning PI Financial came out with their mid-year top picks for 2020. Among the picks were two cannabis stocks, both of whom are multi-state operators: Trulieve Inc (CSE: TRUL) and Cresco Labs (CSE: CL). They named these issues the “ones to own” saying that they have two different strategies. Trulieve is exceptionally focused and […]