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More than 24 hours ago
The Gold Report
Canaccord's Luke Smith: Five Aussie Companies with Cash Flows, Low Costs and MOUs
The Mining Report: Australian mining shares had a great July. Was that a one-off or indicative of a trend? Luke Smith: July tends to be good because the fiscal year-end for most personal investors in Australia is June 30, so there is tax-loss selling up to that date. That said, this July was better than average. The gains slowed down at the end of the month, but we've seen a liftoff again from the middle of August. Hopefully, this trend will continue, and we'll see the revival of Australia's sm
Saturday, August 30, 2014
The Gold Report
Keith Phillips: M&A Prey Offer Compelling Buying Opportunities
The Gold Report: Canada's Financial Post reports that as of July 30, 2014, there have been 41 mining deals worth a combined CA$7.1 billion (CA$7.1B) in 2014. The total value of the deals reached CA$9.3B in 2013. Do you believe that total will be eclipsed before 2015? Keith Phillips: I expect so. Aggregate deal volumes are really driven by one or two large deals in a given year. This year, Yamana Gold Inc. (YRI:TSX; AUY:NYSE; YAU:LSE) and Agnico-Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) bought Osisk
Friday, August 29, 2014
The Life Sciences Report
Six Innovative Australian Opportunities from Canaccord's Matthijs Smith
The Life Sciences Report: From your investment firm's perspective in Australia, how are the life sciences performing this year? Matthijs Smith: It has been a tough year in the Australian biotech sector. At Canaccord Genuity, we run a biotech index covering the top 25 life science stocks in the country. It excludes the large caps, such as Cochlear Ltd. (COH.ASX), CSL Behring Ltd. (CSL:ASX; CMXHY:OTCPK) and ResMed Inc. (RMD:NYSE), and, instead, focuses on the innovative companies. This index is
Thursday, August 28, 2014
Oilprice.com - oilprice.com
New Technology Could End The Debate Over Pipeline Safety
Who could have ever imagined that North America would surpass Saudi Arabia as the world's largest producer of oil and natural gas liquids? A decade ago, that would have seemed laughable. Yet that's exactly what has happened; and it's not just Saudi Arabia that has been left in North America's dust -- Russia has, too. The surge in North American oil and gas production is arguably the most important development in energy over the last decade. That's the good news. The not so good news
Thursday, August 28, 2014
The Life Sciences Report
Laidlaw's Yale Jen: Biotech 101 for Buyers and Sellers
The Life Sciences Report: You had an interesting career before you came to Wall Street. You spent several years with KPMG Corporate Finance, where you focused on mergers and acquisitions (M&A) of healthcare assets. Was that about traditional M&A activity�companies buying each other�or was it about acquiring molecules for development? Yale Jen: It was more about buying assets. We were frequently retained on the selling side, but periodically on the buying side, to look at assets, evaluate them
Thursday, August 28, 2014
The Life Sciences Report
Six Innovative Australian Companies on Canaccord Analyst Matthijs Smith's Opportunity List
The Life Sciences Report: From your investment firm's perspective in Australia, how are the life sciences performing this year? Matthijs Smith: It has been a tough year in the Australian biotech sector. At Canaccord Genuity, we run a biotech index covering the top 25 life science stocks in the country. It excludes the large caps, such as Cochlear Ltd. (COH.ASX), CSL Behring Ltd. (CSL:ASX; CMXHY:OTCPK) and ResMed Inc. (RMD:NYSE), and, instead, focuses on the innovative companies. This index is
Thursday, August 28, 2014
The Gold Report
Keep the Faith, Says Michael Fowler: Juniors and Midtiers Poised for M&A-Fueled Breakout
The Gold Report: A report titled "M&A and Capital Raising in Mining and Metals, 1H 2014" from Ernest and Young (EY) says that mining and metals deal values in H1/2014 are "down 69% year-on-year, to $16.7 billion ($16.7B), from $53.8B, with deal volumes down 34% over the same period." Why aren't more mergers and acquisitions (M&A) happening in the precious metals space? Michael Fowler: The first reason is that there are some big egos in the mining sector and some mining companies would prefer to
Wednesday, August 27, 2014
The Energy Report
Ethan Park Expects to Harvest a Bumper Crop from Potash and Phosphate Juniors
The Energy Report: Investors who follow the metals may not pay much heed to the phosphate space. What are the agricultural and industrial uses for phosphates? Ethan Park: Phosphate is an essential nutrient required for agriculture. About 80�82% of phosphate is used for fertilizer. Specifically, phosphate is used for root development, flowering, and prevention of diseases and stress. The bag of fertilizer you purchase in your local home improvement store contains phosphate. There is really no su
Tuesday, August 26, 2014
The Energy Report
Canaccord's Luke Smith: Five Aussie Companies with Cash Flows, Low Costs and MOUs
The Mining Report: Australian mining shares had a great July. Was that a one-off or indicative of a trend? Luke Smith: July tends to be good because the fiscal year-end for most personal investors in Australia is June 30, so there is tax-loss selling up to that date. That said, this July was better than average. The gains slowed down at the end of the month, but we've seen a liftoff again from the middle of August. Hopefully, this trend will continue, and we'll see the revival of Australia's sm
Tuesday, August 26, 2014
The Gold Report
Junior Mining Companies that Will Make Beautiful M&A Music: AgaNola's Florian Siegfried
The Gold Report: As of Aug. 1, 2014 the SPDR Gold Trust ETF (GLD) was up about 7% year-to-date, while the Market Vectors Junior Gold Miners ETF (GDXJ) was up about 30% and the Market Vectors Gold Miners ETF (GDX) was up about 22%. These are generally considered proxies for gold and gold mining equities. Is the mining sector bear dead? Florian Siegfried: We have to distinguish between the short term and medium term and take an overall picture of where we stand. Gold has found a floor at the $1,2
Monday, August 25, 2014
The Life Sciences Report
Jim Collins: Five Names to Love from the LD Micro Conference
Special Situations: You spend a lot of time traveling the world looking for investment opportunities. A recent event you attended was the LD Micro Conference in Los Angeles. What made that worth the trip? Jim Collins: Chris Lahiji and his team put on the premier small- and micro-cap conference. The Invitational is a slam-bam, in-your-face, 100-companies-in-11 hours micro-cap love-in. Obviously, I couldn't attend every presentation, but the overarching goal at a conference is to find one name. I
Friday, August 22, 2014
The Energy Report
Musings on the Second Great Recovery Experiment and the Promise of Natural Gas: Ron Muhlenkamp
The Energy Report: Ron, in an online seminar in June, you compared the government's response to the 2008 financial panic and recession with its response to the recession of 1980�82. How are those recessions comparable? Ronald Muhlenkamp: We've had 12 recessions since World War II. We had a serious recession in 1973�74, and I've done a lot of work on recessions ever since. The 2008 recession shared a distinction with the 1980�82 recession: Each, at the time, was the most serious recession since
Thursday, August 21, 2014
The Life Sciences Report
Wedbush Securities' Liana Moussatos on the Art and Science of Picking Biotechs with Upside
The Life Sciences Report: Since mid-April, the biotech indices have regained some of their strength, but the rising tide didn't seem to lift all boats. Do you believe the biotech stock market has changed its character since late February/early March, when we had that rather steep correction? Liana Moussatos: Part of the correction was due to world events, and not so much about the biotech industry. However, biotech has some high-beta names, and when negative world events occur, people run to mo
Thursday, August 21, 2014
Oilprice.com - oilprice.com
Unlikely Bedfellows: Mines That Run on Solar or Wind Power
Mining companies are often seen as dinosaurs when it comes to making changes that will benefit the environment, but that perception may be shifting as some companies turn to renewable energy to cut costs and lighten their carbon footprint. At first blush, mining and renewable energy seem incongruous. Mining's reputation as a voracious consumer of fossil fuels is well deserved, especially surface mining, where diesel-sucking haul trucks perform endless loops to and from gigantic pits sc
Thursday, August 21, 2014
The Gold Report
Junior Mining Companies that Will Be Making Beautiful M&A Music: AgaNola's Florian Siegf
The Gold Report: As of Aug. 1, 2014 the SPDR Gold Trust ETF (GLD) was up about 7% year-to-date, while the Market Vectors Junior Gold Miners ETF (GDXJ) was up about 30% and the Market Vectors Gold Miners ETF (GDX) was up about 22%. These are generally considered proxies for gold and gold mining equities. Is the mining sector bear dead? Florian Siegfried: We have to distinguish between the short term and medium term and take an overall picture of where we stand. Gold has found a floor at the $1,2
Wednesday, August 20, 2014
The Energy Report
Fund Adviser Björn Paffrath's Mantra: In the End, Performance Matters
The Mining Report: What's the biggest risk to a mining investor in a broad market correction? Bj�rn Paffrath: Probably a worldwide economic slowdown, especially in China. If demand is fading, metal prices will fall. If the Chinese people need money to pay debt, they will likely sell some gold too. That also counts for other investors in general. Also, if the broad market will enter a longer correction phase, then the mining stocks will get hit too. In the end, if we like it or not, mining stock
Tuesday, August 19, 2014
The Life Sciences Report
Medtech Shifts from High Gear ...
The Life Sciences Report: Canaccord Genuity is an investment banking firm focused on growth companies. Can you comment generally on the outlook for medical devices? William Plovanic: I would say the medical device sector has, over the last couple of years, provided very solid returns for investors�especially in 2013. As we've moved into 2014, it's been more challenging for some of the high-growth companies. Valuations moved up significantly in 2013, and companies fundamentally did very well als
Tuesday, August 19, 2014
Oilprice.com - oilprice.com
Ukraine's Next Crisis? Economic Disaster
Ukraine's next crisis will be a devastatingly economic one, as violent conflict destroys critical infrastructure in the east and brings key industry to a halt, furthering weakening the energy sector by crippling coal-based electricity production. The Ukrainian military's showdown with separatists in the industrial east has forced coal mines to severely cut production or close down entirely. This has led to an electricity crisis that can only be staunched by cutting domestic productio
Tuesday, August 19, 2014
The Gold Report
Fund Adviser Björn Paffrath's Mantra: In the End, Performance Matters
The Mining Report: What's the biggest risk to a mining investor in a broad market correction? Björn Paffrath: Probably a worldwide economic slowdown, especially in China. If demand is fading, metal prices will fall. If the Chinese people need money to pay debt, they will likely sell some gold too. That also counts for other investors in general. Also, if the broad market will enter a longer correction phase, then the mining stocks will get hit too. In the end, if we like it or not, mining stock
Tuesday, August 19, 2014
The Gold Report
Björn Paffrath: Mining Sector Bottom Is In and Opportunities Abound
The Gold Report: Do you expect a broad market correction over the course of the next two years or so? Björn Paffrath: Since the crisis in 2008, most of the well-known indexes, such as the Dow Jones Industrial Average or the German DAX, have almost doubled, and many individual companies have performed even better. Of course it is all liquidity driven, but it's at a level where we have to ask: Is it still justified or are we already in the next bubble? On one side, indexes skyrocketed on the l
Monday, August 18, 2014
The Gold Report
Chris Thompson: Gold and Silver Miners that Can Make Money Now
The Gold Report: In your previous Gold Report interview of Dec. 31, 2013, you predicted 2014 prices of $1,400 per ounce ($1,400/oz) for gold and $25/oz for silver. Do you think that gold and silver can still meet those prices this year? Chris Thompson: Those figures referred to the high side of the anticipated trading range for both metals. Today, our prediction for the high side in 2014 is $1,350/oz for gold and $22/oz for silver. In other words, we see silver potentially trading up to $22/oz
Sunday, August 17, 2014
The Energy Report
America's First Oil Sands Producer and Other Natural Resources Surprises: Peter Epstein
The Energy Report: Why are you excited about the oil and gas space right now? Peter Epstein: Oil and gas is unique in that it hasn't budged when so many commodities have fallen precipitously in price. Coking coal prices, for example, are at multiyear lows. The iron ore price has fallen below $100/metric ton. The uranium spot price has fallen to a nine-year low. But oil prices have held in the $90�100/barrel ($90�100/bbl) range on West Texas Intermediate crude for three or four years, steady and
Thursday, August 14, 2014
The Gold Report
Jeb Handwerger: Position Yourself for Fall Fireworks
The Gold Report: On June 11, on GoldStockTrades.com you wrote, "Some of my charts are showing a potential reversal in the precious metals." What are those charts telling you in late July? Jeb Handwerger: In early June it appeared that the junior miners?tracked by the Market Vectors Junior Gold Miners ETF (GDXJ), which I use as a proxy for the junior gold miners?was making an inverse head-and-shoulders pattern between $34 and $35. Then the junior miners had a very strong rally in June, with an i
Thursday, August 14, 2014
The Life Sciences Report
Bring On the Orphans: Aegis Capital's Raghuram Selvaraju Lays Out a Winning Biotech Strategy
The Life Sciences Report: Ram, it's hard to imagine a situation where orphan drugs wouldn't be reimbursed, because the needs are so great and the optics would be very bad for both payers and drug developers. These drugs range from angiogenesis inhibitor Sutent (sunitinib/Pfizer Inc. (PFE:NYSE]), which is reimbursed at $48,000 a year ($48K/year) to the monoclonal antibody Soliris (eculizumab/ Alexion Pharmaceuticals Inc. [ALXN:NASDAQ]), reimbursed at more than $500K/year. Are we going to reach a
Wednesday, August 13, 2014
The Energy Report
Where Is Casey's Marin Katusa Stashing His Money When Europe Heats Up?
The Mining Report: You've written about what you call a "colder war," where Russia takes advantage of its energy supply role to make deals with China and increase its power in the world. Was the downing of the Malaysian plane over the Ukraine a turning point in that war? Marin Katusa: It is a truly awful thing for almost 300 people to die that way and it sure attracted global media attention. It is very clear that Russia is strengthening its ties with Asia. A new monetary fund is being created
Tuesday, August 12, 2014
The Gold Report
David Sadowski: Are You Ready for Upward Pressure on Uranium Prices?
The Mining Report: In past interviews with Streetwise Reports, you predicted that the price of uranium will rise this year. But that has not panned out. Why not? David Sadowski: Simply put, there is a short-term supply problem in the uranium industry. We believe, however, in the long term, supply will not be able to keep up with demand growth. The point at which we previously expected demand to outstrip supply has been pushed out by a couple of years. That development has impacted the price in
Sunday, August 10, 2014
The Gold Report
John Hathaway and Doug Groh: Buy Gold Like It's 1999
The Gold Report: In a 4th of July investor letter, you wrote that the precious metals complex, both mining shares and bullion, appear to be in the process of completing a major bottom, and you're more comfortable with the proposition that the downside potential has been fully exhausted. What are the signs that it's really turning this time? John Hathaway: The gold futures chart is showing that we are in the process of a reverse head-and-shoulders pattern, which is a sign that a bottom has been
Saturday, August 09, 2014
Richard Mills - Ahead of the Herd
Cloud Revenue Cycle Management
U.S. hospitals write off between 3% and 17% of their revenue due to denied claims from payers - insurance carriers, other third-party payers, or health plan sponsors (employers or unions) for the patient. Further, administrative and process-related inefficiencies are reducing health care cash flow, revenue is being lost that should have been collected - it’s a lot of revenue.   This “lost revenue” puts additional burden on hospitals that already are stretched due to rising healthcare costs an
Friday, August 08, 2014
The Energy Report
Looking for the Next Big Thing? Jason Sawatzky Has a Suggestion
The Energy Report: Jason, what is your outlook for oilfield services industry in Canada for the second half of 2014? Jason Sawatzky: We are very bullish on Canadian oilfield services heading into H2/14 and 2015. The only thing that may throw a monkey wrench into the positive view in the short term would be the recent pullback in natural gas prices. We have seen the oilfield services index pull back a bit over the past couple of months. If we see natural gas prices pull back even more, we could
Thursday, August 07, 2014
The Life Sciences Report
Taking Stock of the New Normal: Mark Landy on New Growth Ideas for Biotech Investors
The Life Sciences Report: Mark, you published a Q2/14 industry earnings preview on June 26, writing that you do not expect Q2 results to be stellar, in part, because procedure volumes are being affected by high-deductible health plans. Is this about employers cutting expenses with lower-priced healthcare plans? Or is it about employees not wanting to tap into their medical savings accounts? Describe the situation, and the issues that have given rise to this headwind. Mark Landy: We're entering
Thursday, August 07, 2014

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