I read some positives here. Ok so prob not hitting 10 oz a day by the 31st, however they sounds like they are not far off, and cash flow positive means can keep moving forward. The reduction in costs is big imo because the big miners are cutting their guidance for 2020, also closing some mine operations and laying off workers from the virus. If mexus can lower costs at a time when production is slowing around the world I see as positive. Lastly gold prices, with helicopter money now in the works we could have a large spike in price very soon. Granted it’s not the clear production guidance we all want and mkt wants, and not clear about the debt load, but at this critical juncture in the world economy- I think I’ll take a low cost producer that is cash flow positive. From the last few prs put together seems they seem to have a plan to increase production at a low cost, be self sustaining funding wise in the not terribly long future- with the gold price due to spike, and major uncertainty of the global economy, I think mexus is on a decent path, Im willing to see if they can keep it up over the next few months, hard numbers get better bit by bit. As I was typing I recalled the reverse stock split talk, can someone post on what they have heard, are we definitely facing this?
Category: InvestingTotal Views: 158 By : EditorUpdated: 06-15-2024
Dow Jones Futures Sunday Evening Open
Together with the S&P 500 and Nasdaq futures, Dow Jones futures will open on Sunday night. Watching these futures closely to determine the direction of the market are investors. The action of the futures over night does not always portend the trading session that follows. Still, it gives light on investor mood and possible market swings. Analysts will be keeping a tight eye on these futures to see how big stocks like Apple, Nvidia, and Microsoft might... Continue Reading
Category: EconomyTotal Views: 178 By : EditorUpdated: 06-15-2024
Gas Prices in 2024 Compared to Summer 2022
Gas prices in 2024 will be much cheaper than they were in the summer of 2022. Gasoline prices reached an all-time high of $5.02 per gallon two years prior. Budgets for families and consumer confidence were badly hit by this spike. Regular gas now costs, on average, $3.46 per gallon nationwide, a significant decline. Prices are down 13 cents from last year and $1.56 from the peak in 2022. Consumers have found some solace in this decline. Though far mo... Continue Reading
Category: MarketsTotal Views: 180 By : EditorUpdated: 06-15-2024
CAC 40 Suffers Worst Week Since March 2022
This is the biggest fall in the CAC 40 index since March 2022. Friday's decline of 2.7% brought the weekly loss to over 6%. Investor trepidation about the possible result of the impending parliamentary elections is reflected in this decline. Unrest in the market has increased with the possibility of a far-right victory. Analysts are equating past market responses to political upheavals. It's a cautious and uncertain mood overall. Performance ... Continue Reading
Category: EconomyTotal Views: 176 By : EditorUpdated: 06-15-2024
Consumer Sentiment Index Drops 5.1% in June
The June consumer sentiment index dropped by 5.1% to a seven-month low of 65.6. This fall suggests consumers' mounting worries about the state of the economy. Uncertain economic times and high prices have probably added to this attitude. The decline is the third one in a row. Customers are still apprehensive even with the recent improvements in inflation statistics. This attitude reflects larger concerns about stability of the economy and person... Continue Reading
Category: CryptoTotal Views: 254 By : EditorUpdated: 06-14-2024
Terraform Labs and Do Kwon Found Liable for Fraud
A jury trial concluded Terraform Labs and its founder, Do Kwon, guilty of fraud. The case exposed the breadth of the fraudulent activities and concerned crypto asset securities. An April nine-day trial ended with the jury's verdict. The defendants' lies about using the Terraform blockchain and the stability of their cryptocurrency asset, UST, were demonstrated by the evidence presented. When UST depegged from the US dollar, these lies ... Continue Reading
Category: BusinessTotal Views: 250 By : EditorUpdated: 06-14-2024
High Demand for Skilled Trade Workers
The U.S. has a fast expanding need for qualified trade workers. Now days, a lot of young people choose trade careers over conventional four-year college degrees. The dearth of workers in a number of specialized trades is what is causing this change. Pay in these areas is therefore increasing. Among the many industries that require skilled labor are healthcare and construction. The great demand increases the appeal of these positions to job searchers.
R... Continue Reading
Category: Real EstateTotal Views: 237 By : EditorUpdated: 06-14-2024
Rising Foreclosures in 2024
Through 2024, home foreclosures will continue rising. Economic strains were evident in May when more Americans lost their homes. A 3% increase in foreclosure filings over the prior year is shown by the most recent ATTOM data. Still, that's a 7% drop from the same time last year. The statistics point up changes in the real estate market. While foreclosure starts increased, in some places completed foreclosures fell. This points to resilience in specific regions ... Continue Reading
Category: Real EstateTotal Views: 482 By : EditorUpdated: 06-14-2024
Mortgage Rates Slightly Decline to 6.95%
Freddie Mac reports that the average rate on a 30-year fixed mortgage fell to 6.95% this week, down from 6.99% the previous. It might not be enough to draw in many homebuyers with this little decrease in mortgage rates. Though the drop is welcome, it has little effect on overall affordability. Waiting for a more significant drop, many buyers stay put. Considering past norms, the rates are still rather high now. The monetary policy stance of the Federal... Continue Reading
Category: StocksTotal Views: 460 By : EditorUpdated: 06-14-2024
Warren Buffett's Portfolio Overview
The Berkshire Hathaway-managed portfolio of Warren Buffett is renowned for its well chosen stocks. It consists of businesses in the fields of energy, consumer goods, finance and technology. With its emphasis on superior companies, this portfolio embodies Buffett's investing ethos. Frequently the portfolio's stocks are industry leaders. With his strategy, stability and growth are balanced. His staff aggressively oversees the portfolio to match lo... Continue Reading
Category: StocksTotal Views: 520 By : EditorUpdated: 06-13-2024
The Future of Tesla as Elon Musk Sees It
Elon Musk sees a robotics and artificial intelligence revolutionizing Tesla in the future. He underlined at the 2024 annual shareholder meeting how Optimus humanoid robots could greatly increase the value of the business. Musk underlined that Tesla is writing a completely new book rather than just starting a new phase. In his future, these robots would be essential to many different sectors. Musk's followers are infectiously optimistic, but their d... Continue Reading