On Monday afternoon, Iran issued an arrest warrant for US President Donald Trump.
This came after Iranian officials accused him of his involvement in the January 3rd drone attack that killed Iranian General Qassam Soleimani.
Tehran’s prosecutor, Ali Alqasimehr, claimed that more than 30 people are facing “murder and terrorism charges”.
Despite Iran asking Interpol for help in detaining the US President, the international organization rejected the request.
Is Trump Under Arrest Threat?
Early reports have suggested that Trump is in no danger of being arrested.
That said, this warrant is certainly adding heightened tensions to an already troublesome US-Iran history.
Speaking on the Iranian matter, Brian Hook, the US special representative for Iran, said:
“It’s a propaganda stunt that no one takes seriously.”
Will US-Iran Reescalation Affect Markets?
The markets experienced a significant impact following the assassination of Iranian General Qassam Soleimani. WTI oil reached a yearly high of $63.80 from a low of $61.50. This marked an appreciation of 3.5% on an intraday basis.
Can we expect a similar reaction should the pursuance of the warrants intensify?
It is unlikely that we will see a similar rise as we saw after the Soleimani killing. However, the assassination saw news leaks of a possible surge towards $70.
Keeping a Close Eye
The possibility of US-Iran re-escalation remains on the cards and this could take safe-haven assets higher.
In fact, we have seen gold attracting several investors during times of heightened tensions. This alone signals a repetition.
In addition, US equities have appreciated in the run-up to general elections in the past. Prior to Trump’s win in 2016, for example, indices rose around 7%.
Now, with more negative news against Trump, this could effectively kill off any realistic chances of a second term.
His approval ratings have already been on a downwards spiral due to his response to the coronavirus pandemic. Now, it looks like the arrest warrant may have a detrimental effect on the President’s poll-standing going forward.
GBPUSD is trading at 1.2276; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2310 and then resume moving downwards to reach 1.2120. Another signal in favor of further downtrend will be a rebound from the rising channel’s downside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.2415. In this case, the pair may continue growing towards 1.2505.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is trading at 70.19; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 69.50 and then resume moving upwards to reach 71.15. Another signal in favor of further uptrend will be a formation of a Double Bottom reversal pattern. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 68.50. In this case, the pair may continue falling towards 67.05. To confirm further growth, the asset must break the resistance area and fix above 70.55, thus finishing the reversal pattern.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is trading at 107.76; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 107.55 and then resume moving upwards to reach 108.45. Another signal is favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 106.95. In this case, the pair may continue falling towards 106.05.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
As we can see in the H4 chart, USDCAD is still testing the resistance level. By now, the price has formed several reversal patterns, including Long-Legged Doji. However, considering the current downtrend, one may assume that the asset may reverse and resume falling. In this case, the downside target is at 1.3510. Still, an opposite scenario suggests that the instrument may continue growing to reach 1.3773.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is still correcting within the uptrend. By now, it has formed several; reversal patterns, including Hammer, not far from channel’s downside border. The target of the reversal pattern is the closest resistance level. Later, the price may resume a rising tendency. In this case, the mid-term upside target remains at 0.7070. At the same time, one shouldn’t exclude another scenario, which implies that the instrument may continue falling towards 0.6790.
USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, after forming a Hammer pattern and reversing, USDCHF has rebounded from the support level. At the moment, the pair continues forming the rising impulse. In this case, the upside target is at 0.9578. Later, the market may rebound from the resistance level and resume trading downwards. In this case, the downside target may be the support level at 0.9380.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
There is an ambiguous technical pattern on the EUR/USD currency pair. The trading instrument is in a sideways trend. At the moment, the local support and resistance levels are 1.1210 and 1.1250, respectively. The demand for risky assets has been resumed amid signs of global economic recovery. Financial market participants expect a speech by the Fed Chairman. Positions should be opened from key levels.
The Economic News Feed for 2020.06.30:
– Consumer price index in the Eurozone at 12:00 (GMT+3:00);
– CB consumer confidence index in the US at 17:00 (GMT+3:00).
At 19:30 (GMT+3:00), the Fed Chairman will give a speech.
Indicators do not give accurate signals: 50 MA has crossed 100 MA.
The MACD histogram has started declining, which indicates the development of bearish sentiment.
Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which gives a signal to buy EUR/USD.
Trading recommendations
Support levels: 1.1210, 1.1175, 1.1140
Resistance levels: 1.1250, 1.1285, 1.1310
If the price fixes below the level of 1.1210, EUR/USD quotes are expected to fall. The movement is tending to 1.1175-1.1140.
An alternative could be the growth of the EUR/USD currency pair to 1.1280-1.1300.
The GBP/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.23313
Open: 1.22995
% chg. over the last day: -0.34
Day’s range: 1.22595 – 1.23170
52 wk range: 1.1466 – 1.3516
The GBP/USD currency pair shows a negative trend. The British pound has set new local lows. Currently, GBP/USD quotes are consolidating in the range of 1.2260-1.2315. The British pound is still under pressure amid weak UK GDP report. A trading instrument has the potential for further decline. Today we recommend paying attention to the news feed on the US economy. Positions should be opened from key levels.
Indicators signal the power of sellers: the price has fixed below 50 MA and 100 MA.
The MACD histogram is in the negative zone, which gives a signal to sell GBP/USD.
Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which indicates the development of bullish sentiment.
Trading recommendations
Support levels: 1.2260, 1.2200
Resistance levels: 1.2315, 1.2385, 1.2435
If the price fixes below 1.2260, a further fall in GBP/USD quotes is expected. The movement is tending to the round level of 1.2200.
An alternative could be the growth of the GBP/USD currency pair to 1.2360-1.2400.
The USD/CAD currency pair
Technical indicators of the currency pair:
Prev Open: 1.36766
Open: 1.36588
% chg. over the last day: -0.16
Day’s range: 1.36528 – 1.36949
52 wk range: 1.2949 – 1.4668
The loonie has become stable. USD/CAD quotes are in a sideways trend. There is no defined trend. The key support and resistance levels are 1.3650 and 1.3715, respectively. Financial market participants expect additional drivers. We recommend paying attention to the dynamics of “black gold” prices. Positions should be opened from key levels.
At 15:30 (GMT+3:00), Canada’s GDP data will be published.
Indicators indicate the power of buyers: the price has fixed above 50 MA and 100 MA.
The MACD histogram has started rising, which indicates the development of bullish sentiment.
Stochastic Oscillator is in the neutral zone, the %K line has crossed the %D line. There are no signals at the moment.
Trading recommendations
Support levels: 1.3650, 1.3615, 1.3560
Resistance levels: 1.3715, 1.3750
If the price fixes above 1.3715, further growth of USD/CAD quotes is expected. The movement is tending to 1.3750-1.3770.
An alternative could be a decrease in the USD/CAD currency pair to 1.3620-1.3580.
The USD/JPY currency pair
Technical indicators of the currency pair:
Prev Open: 107.072
Open: 107.563
% chg. over the last day: +0.17
Day’s range: 107.527 – 107.787
52 wk range: 101.19 – 112.41
Purchases prevail on the USD/JPY currency pair. The trading instrument has overcome and fixed above the key extremes. At the moment, the “safe haven” currency is consolidating. The local support and resistance levels are 107.55 and 107.85, respectively. USD/JPY quotes have the potential for further growth. We recommend paying attention to the dynamics of US government bonds yield. Positions should be opened from key levels.
The news feed on Japan’s economy is quite calm.
Indicators signal the power of buyers: the price has fixed above 50 MA and 100 MA.
The MACD histogram is in the positive zone, indicating the bullish sentiment.
Stochastic Oscillator is in the neutral zone, the %K line has crossed the %D line. There are no signals at the moment.
Trading recommendations
Support levels: 107.55, 107.35, 107.05
Resistance levels: 107.85, 108.20
If the price fixes above 107.85, further growth of USD/JPY quotes is expected. The movement is tending to 108.20-108.40.
An alternative could be a decrease in the USD/JPY currency pair to 107.35-107.10.
Asian stocks are advancing on the final trading day of June, after a positive session on Wall Street, with market sentiment buoyed further by China’s better-than-expected June PMI readings. The data makes for encouraging signs that the world’s second largest economy is well on its way in overcoming the pandemic.
The Hang Seng index is also climbing higher, keeping up with the regional trend, despite the US halting some trade benefits to Hong Kong pertaining shipments of sensitive American technology to the city. The latest move is in keeping with the threat that Hong Kong may lose its special trading status, amid escalating US-China tensions.
The HSI50 appears to be constrained by the psychologically-important 25,000 level but supported by its 50-day simple moving average. With Hong Kong stocks being squeezed into this tighter range, it suggests that a breakout is imminent. The Hang Seng index’s upside however appears capped by Hong Kong’s perceived place at the epicentre of strained US-China relations. A ratcheting up of tensions between the world’s two largest economies could severely hamper the potential gains in Hong Kong equities.
No surprise then that the Hang Seng could only manage a four percent advance since March 31, which is the lowest quarter-to-date gains among major Asian stock benchmarks. In contrast, the MSCI Asia Pacific index is posting a 15 percent climb for the period, its largest quarter-to-date climb since Q3 2009.
Dollar awaits US consumer confidence data; Powell, Mnuchin testimonies
The Dollar index (DXY) has returned to the upper bounds of its 95.7-97.7 range that it has kept to in June, though it is set to register a loss of over one percent for the quarter. The record-setting gains in May’s pending US home sales, which registered a 44.3 percent month-on-month increase and shattered market expectations, wasn’t enough to break the DXY out of its current sideways trend.
Data-dependent Dollar traders will be looking to the June US consumer confidence data announcement later today for further signs of the US economic recovery. The key question now is whether consumers, who shoulder the responsibility of driving US economic growth, will engage with the stimulus measures that have been rolled out by the government. The consumer confidence readings are expected to post a second consecutive month of recovery, yet remain in sub-100 territory for a third straight month. A positive surprise in the data could encourage more risk-taking behaviour in the markets.
The testimonies by Fed chair Jerome Powell and US Treasury Secretary Steven Mnuchin before the House Financial Services Committee could also sway market sentiment, as both are expected to be pressed on the Fed and the Treasury’s respective responses to the pandemic. Should investors get the sense that even more stimulus is on the way, especially from the fiscal side, that could give risk sentiment another shot in the arm and unwind recent gains in the US Dollar.
Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.
Orange juice is rebounding following a retreat after hitting a 19-month high three weeks ago. Demand for orange juice remains strong with consumers viewing its nutrients and high vitamin C content as a means to boost human immune system. And recent Department of Agriculture National Agricultural Statistics Service ( NASS ) May crop forecast projects a decrease in oranges and grapefruit production. The USDA predicted Florida Orange production at 67.7 million boxes, down 3 percent from the May forecast. Lower supply estimates are bullish for orange price.
Global markets are advancing today after US markets recovered most of Friday losses. US equities advanced Monday led by industrial shares with technology shares recovery to date outpacing that of peers in the environment of increasing usage of online communications under conditions of partially operating economies as coronavirus outbreak continues.
Forex news
Currency Pair
Change
EUR USD
-0.95%
GBP USD
+0.28%
USD JPY
+0.14%
The Dollar strengthening continues today . The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, added 0.02% Monday after the National Association of Realtors report pending home sales in May jumped 44.3% over month, though still down 5.1% against the same time last year. GBP/USD continued falling Monday while EUR/USD continued rising as euro-zone’s economic sentiment improved in June. Both pairs are lower currently. Both USD/JPY and AUD/USD reversed their sliding yesterday with both yen and Australian dollar lower against the greenback currently.
Stock Market news
Indices
Change
Dow Jones Index
+0.58%
GB 100 Index
-0.86%
Nikkei Index
-1.81%
Australian Stock Index
+0.04%
Futures on three main US stock indexes are mixed currently ahead of speeches by Federal Reserve Bank of New York Williams and Governor Brainard later today. Stock indexes in US rebounded Monday: the three main US stock indexes posted gains ranging from 1.2% to 2.3%. European stock indexes are edging lower currently after a rebound on Monday led by bank shares. Asian indexes are recovering today led by Australia’s All Ordinaries ASX 200 Index as activities in both China’s manufacturing and services sectors continued expanding in June.
Commodity Market news
Commodities
Change
Brent Crude Oil
+1.02%
WTI Crude
-1.26%
Brent is edging lower today. Oil prices ended higher on Monday against the background of signs of improving global oil demand as economies reopened as evidenced by rise in industrial profits in China for May. The US oil benchmark West Texas Intermediate (WTI) for August rose 3.1% Monday. August Brent crude climbed 1.7% to $41.71 a barrel on Monday.
Gold Market News
Metals
Change
Gold
-0.02%
Gold prices are retracing lower today. August gold gained 0.05% to $1781.20 an ounce on Monday.
Note: This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.
The shocking events across the globe sparked explosive movements across currency, commodity and stock markets with investors thrown on an emotional roller-coaster ride. As the first half of 2020 slowly comes to an end, it will be remembered as one of the most volatile periods across markets since 2008 thanks coronavirus and growth-related concerns.
In the FX universe, there were many victims of the pandemic but some currencies were able to exploit the chaos to appreciate!
One of the biggest winners from COVID-19 was the mighty Dollar which has appreciated against almost every single G10 currency excluding the Swiss Franc, Japanese Yen and Danish Krone.
The Dollar Index (DXY) remains supported by fundamentals while technical are aligning in favour of bulls. A solid breakout above 97.80 may trigger an incline towards 98.50 and 99.00. If fears intensify around a second wave of coronavirus outbreaks, the risk-off sentiment may push the Dollar Index towards 100.00 during Q3.
Yen remains a contender for throne
Another winner in the FX arena was the Japanese Yen.
The Yen has appreciated against most G10 currencies since the start of 2020 thanks to its safe-haven status.
Looking at the USDJPY, the currency pair remains a battleground for bulls and bears but 108.00 could change this narrative. A breakout above this point may open a path towards 109.40 and 110.20.
If the 108.00 proves to be a tough nut to crack, then prices may sink back towards 107.00.
Euro growing tired by the day
Shaky fundamentals from Europe continue to haunt investor attraction towards the Euro.
The EURUSD is coming under increasing pressure on the daily charts with prices struggling to keep above 1.1200. A solid close below the point may trigger a drop towards 1.1100 and potentially lower.
Pound sulks in the corner
The Pound has practically weakened against almost every major currency year-to-date thanks to Brexit related drama and concerns over the impacts of coronavirus to the UK economy.
The GBPUSD is on a slippery decline on the daily charts with prices sinking towards 1.2250. A breakdown below this level may open the doors towards 1.2200 and 1.2160. Jitters around the United Kingdom leaving the European Union with no-deal at the end of 2020 pull prices lower towards 1.2000 and 1.1190.
Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.
– Recent Gaps in price action in the IWM (Russell 2000 ETF) presents a clear picture of future price targets and support/resistances. Gaps are one of the most common forms of Technical Analysis techniques. They represent “voids” where price activity has skipped a range of price as it advances or declines aggressively.
Gaps are commonly used as targets for future price activity – where price attempts to “fill the gap”. In Technical Analysis theory, any gap that appears should eventually be “filled” by price in the future. Thus, any open gap that does not fill is still considered an “open target range”.
IWM PROVIDES A UNIQUE PERSPECTIVE
We’re focusing on the Russell 2000 because we believe it provides a unique perspective on the markets related to the recent COVID-19 downside price swing and the recent recovery. The Mid-Cap market sector tends to trend more quickly than the US major indexes and can sometimes provide a clear picture of more true price trends.
In this case, we’ve highlighted the downside price Gaps in YELLOW and the upside price Gaps in BLUE. Two of the downside price Gaps have been filled recently as price advanced higher after March 21, 2020. Additionally, the two highest downside price Gaps have also been filled – leaving the lower two still open (unfilled).
This presents a very easy to understand the method of identifying future price targets for both bullish and bearish price trends. Either price will rally to fill the upper Gap, near $163~166, or price will breakdown into a bearish trend attempting to fill the $125~130 Gap or the $108~109 Gap.
The recent low price level near $133.28 broke previous Fibonacci low price levels from May 29. Because of this, we believe the current trend is moderately Bearish. We would like to see a new lower low setup to confirm this new trend. When we consider the next price move in the Russell 2000 ETF, two very clear targets become evident, either the recent upper BLUE Gap range between $145~149 or the lower BLUE Gap range between $125~129.
IWM Weekly Chart
The IWM Weekly chart does not illustrate the shorter term Gap patterns as price volatility has consolidated into longer-term price bars. Still, we have to very clear Gaps on the Weekly IWM chart- the upper Gap, near $163~166, and the lower Gap, near $136~141. This lower price Gap is currently acting as a support/resistance channel for the price as the IWM price consolidates within this range. A breakout/breakdown move is very likely as the future price trend will likely exit this Gap range with an aggressive price move.
The lower Gaps that are evident on the Daily chart are still valid price levels on this chart – we’re just not seeing them on this Weekly chart because of the compressed interval.
As we near the end of June 2020 (Q2), it is fitting that the IWM price level has stalled near this 50% Fibonacci retracement level and within the middle Gap level. This level will likely continue to attract price as it consolidates before entering the breakout or breakdown trend. Again, based on the Fibonacci price theory, the recent low suggests the current trend is Bearish.
The 4th of July holiday weekend is nearing and prices tend to consolidate, absent any major news or earnings data, before any major holiday. Therefore, we may see price levels stay rather narrow this week as we await Q2 earnings and prior to the 4th of July holiday. Stay properly protected in this market. Any breakdown/breakout move will likely happen very quickly in the near future.
In short, I hope you glean something useful from this article. If this is the start of a double-dip, it’s going to be huge, and if it’s the start of a bear market, it is going to be life-changing.
If you are new to trading, technical analysis, or are a long term passive investor worried about what to do, you can follow my lead. I share both my investing signals and more active swing trade signals using simple ETFs at TheTechnicalTraders.com.
Bob Moriarty of 321gold explains why he is investing in this company with a project in Bolivia.
I expect to get very boring over the next few months. While I have been warning for years of a massive financial collapse coming to the world few people actually get it. We are in a depression. There is $250 trillion worth of debt in the world that will never be paid. It is going to grow far worse than it is today. What the Fed and Central Banks around the world have done is feeding fuel to the fire. The banking system is going to collapse through a series of cascading defaults making their way through the system.
The multi-month lockdown has done more psychological damage to the inmates than the damage from the virus. Some 40 million Americans who have lost their jobs combined with the lockdown has brought riots and civil disorder to hundreds of cities in the US. When you add to those two factors the issue of simple envy, you have the ingredients for massive civil disorder.
Most people would casually ignore envy as a factor in revolution and riots but that may be a mistake. In a famous and oft-duplicated experiment scientists showed how envy caused even monkeys to literally “go off.” I’m not a fan of 45-minute videos and it confuses me as to why those sending them out believe that everyone has hours a day to watch long videos. But in this short and sweet two-minute clip, you will see exactly why Americans are angry at the giant divide between the 1% with their ever growing wealth and the 99% who haven’t had a real increase in wages in 40 years.
We have civil disorder. We have no real leadership from the fools running either political party and things are going to get a whole lot worse. The 30-somethings have opened hundreds of thousands of brokerage accounts and are pouring money into such brilliant day trading investments as Hertz as it goes into bankruptcy under the theory that the Fed will bail out even the most poorly run companies in the US. That’s probably going to turn into a very bad bet. When I was young we believed that Robin Hood stole from the rich and gave to the poor. Today Robinhood steals from the poor and gives to the rich. No doubt that will end badly.
One day soon the mob of feckless young idiots with more dollars than cents will discover the wonderful world of junior mining stocks. When that shift takes place we shall see a boom as the world has never seen before. Some of the dumbest investments in mining stocks will go up fifty-fold. So I am going to write about a lot of juniors who are beginning to realize it’s time for them to start beating the drums and telling their incredible stories.
Eloro President Tom Larsen is smart enough to associate with some of the top people in mining; Bill Pearson formerly of the Jacobina Mine in Brazil found their Bolivian project for them. Iska Iska is in the heart of the Potosi Silver District that produced over 60% of the silver during the 17th century. Eloro has an option of the project that required them to provide 250,000 shares to the vendor and another 250,000 shares over time. The financial payment for 100% of the project is $10 million CAD within four years.
The company has taken underground channel samples that are simply absurd, measuring Silver 35.5 – 694 g/t, Gold 0.31 – 28.6 g/t Au, Zinc 1.05 – 16.95% Zn and Lead 0.41 – 16.95% Pb. If you took the worst of each of those samples for each element it would be $67 a ton rock. In Bolivia that is economic.
While Iska Iska is their primary focus for just now, Eloro has another project in Peru in the <href=”#v=onepage&q=Western%20Cordillera%20Polymetallic%20Province&f=false” target=”_blank”>Western Cordillera Polymetallic Province nested in the middle of half a dozen gold producing mines including the La Arena gold mine I went to see a dozen of years ago. Most interesting to me at the time was the fact that of the 34 mines within a 30 km circle, all of them have identical ore and their costs were virtually the same for each mine.
Eloro owns 82% of the La Victoria gold project. While La Victoria has world class potential for now 80% of Eloro’s focus is on their Iska Iska silver mine.
With Drs. Bill Pearson and Quinton Hennigh doing the technical planning and me telling the story, how can you go wrong? Even Eric Sprott is an investor but he invests in everything associated with silver.
I wasn’t quick enough to participate in their recently closed private placement but I was smart enough to go out into the open market and buy some shares. As such and given that they are advertisers, obviously I am biased. Do your own due diligence.
Bob Moriarty founded 321gold.com, with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.
Disclosure: 1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Eloro Resources. Eloro Resources is an advertiser on 321 Gold. I determined which companies would be included in this article based on my research and understanding of the sector. 2) The following companies mentioned are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. 3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
