resourcestocks | August 23, 2024
Oilfield services giant Halliburton has confirmed it is grappling with a computer system issue linked to a cyberattack. While the company declined to provide specific details about the nature of the incident, a person familiar with the matter told Reuters that the attack appears to be impacting operations at its Houston campus and some global…
resourcestocks | August 19, 2024
Gold prices ignited a frenzy in financial markets last week, culminating in a historic peak as the precious metal breached the $2,500 per ounce threshold. This extraordinary surge was fueled by a confluence of economic and geopolitical events that have sent investors flocking to the safe-haven asset. A weakening US dollar, spurred by mounting expectations…
resourcestocks | August 12, 2024
The UK economy, despite a challenging global backdrop, is set for modest growth driven by a mix of favorable consumption patterns and stabilizing inflation. According to KPMG’s latest report, the UK’s GDP is expected to expand by 0.5% in 2024, with growth accelerating to 0.9% in 2025. Inflation is forecasted to stabilize at 2.6% for…
resourcestocks | August 9, 2024
BHP Group (BHP), one of the world’s largest mining companies, is reportedly considering the sale of its copper and gold mines in Brazil. This move, still in its early stages, could signal a significant shift in the company’s asset portfolio as it recalibrates its focus following the recent acquisition of Oz Minerals. These Brazilian assets,…
resourcestocks | July 24, 2024
Gold’s allure continues to captivate investors, sending its price to record heights amid a turbulent political climate. Yet, while the precious metal shines, the companies that extract it remain curiously undervalued. This year, gold futures surged past the $2,400 mark, fueled by uncertainties surrounding the U.S. presidential election and a wave of central bank buying….
resourcestocks | July 22, 2024
The unexpected withdrawal of U.S. President Joe Biden from the 2024 presidential race sent shockwaves through the financial markets, but for gold investors, it could be a golden opportunity. Prices for the precious metal edged higher on Monday, fueled by a weakening dollar and the prospect of a more uncertain political and economic landscape. Key…
resourcestocks | July 19, 2024
As we witness semiconductor stocks sharply retreating this week, the market reacts to news of potential restrictions from the Biden administration on exporting chipmaking equipment to China. Despite this, many small-cap stocks and non-tech Dow Jones stocks continue to climb, reflecting the ongoing vigor of this bull market. However, a closer examination of the broader…
resourcestocks | July 17, 2024
Gold prices exploded on Tuesday, reaching never-before-seen territory as expectations for a Federal Reserve rate cut converged with ongoing geopolitical jitters. This perfect storm for the precious metal has analysts predicting a potential long-term bull run, with some even eyeing a historic $2,500 per ounce price tag. Interest Rate Cuts: The Golden Ticket Leading the…
resourcestocks | July 15, 2024
While the Federal Reserve holds its breath on interest rates and investors navigate the complexities of the earnings season, a handful of penny stocks are quietly exceeding expectations. Penny stocks, by definition, trade below $5 per share, and while they carry inherent risk due to the volatility of the companies they represent, they can also…
resourcestocks | July 12, 2024
Gold prices have been on a tear in 2024, and investors are flocking to safe-haven assets like the precious metal. But some savvy investors are looking beyond the metal itself and into the gold mining companies that stand to benefit the most from this price surge. One such company, Agnico Eagle Mines (AEM), is breaking…