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Please Wait While Your Government Shuts Down…

Daniel Chase

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There’s truly nothing worse than a poorly executed remake of a once-popular film. It can be done with eloquence and tact, as we’ve seen in Christopher Nolan’s series of Batman films, or it can turn to absolute feces a ‘la Zack Snyder’s Man of Steel. Believe me when I tell you that I am in full support of remakes because they give society another chance at enjoying something they loved once more, if done correctly. 

In the case of the government shutdown that ended two weeks ago, this is a remake that no one feels should be redone ever again.

Nevertheless, President Donald Trump promised that if Congress cannot come to an agreement and pass seven different spending bills by the end of this week, the government could go right back into a partial government shutdown. Rather than fear the shutdown, we must embrace the possibility and fully recognize why it is such a distinct possibility.

President Trump has demonstrated, on several occasions, his unwavering determination to secure funding to construct a wall along the US-Mexico border. He has said, time and time again, that our Southern border is more dangerous than an IHOP on a Sunday, and yet, his words have fallen on the deaf ears of the Democratic leadership. 

For those of you just tuning in, Democrats and Republicans are split on how to handle immigrants attempting to unlawfully enter the United States. The Dems agree that we should protect American citizens from harmful individuals, but from a systemic standpoint, we need to create an easier path to citizenship for those who wish to come to America for a better quality of life.

Republicans, many of which share the sentiment of President Trump, want to strengthen our borders, by any means necessary. According to several sources, the latest disagreement erupting in Congress stems from how to best operate ICE detainment centers.

Democrats insist that we cap the number of detention beds used for interior enforcement to curb ICE’s capacity to capture and detain undocumented immigrants, and Republicans are concerned with this logic. 

“There are currently 40, 520 ICE immigration detention beds funded by Congress. Heading into the talks, the White House sought to increase the number to 52,000, while Democrats wanted a reduction to 35,520. Democrats have proposed a 16,500 cap on beds to be used for interior enforcement, with the rest to be used for those captured at the border…”

-Erik Wasson & Jennifer Jacobs, Bloomberg

While the Democrats advocating on behalf of immigrants simply trying to enter the U.S. to escape poverty and harmful living conditions is incredible, we are missing the point here. No matter the side of the aisle you find yourself on, President Trump will act in his best interest.

When he was running for president back in 2016, he promised his supporters that, if elected, he would build the wall we’ve all come to know and discuss. He’s shutdown the federal government once already, and if Congress fails to acquiesce to his demands, there’s not much stopping him from doing so once more. 

President Trump, undoubtedly feeling pressure from the 116th Congress, with its Democratic majority in the House of Representatives, told reporters at the White House earlier this month, that “we’re looking at a national emergency because we have a national emergency — just read the papers.” 

Sources have pointed out that the Department of Defense has indicated that, if the President does, in fact, institute a national state of emergency, they will invoke the use Title 10 U.S. code to allow the military to construct the border wall. The code referenced by the DOD states:

“In the event of a declaration of war or the declaration by the President of a national emergency in accordance with the National Emergencies Act (50 U.S.C. 1601 et seq.) that requires use of the armed forces, the Secretary of Defense … may undertake military construction projects, and may authorize the Secretaries of the military departments to undertake military construction projects, not otherwise authorized by law that are necessary to support such use of the armed forces.”

-50 U.S.C. 1601 et seq.

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Energy

Saudi’s Minister Has No Plans To Boost Oil Production After Iran Oil Waivers End

Jon Phillip

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On Wednesday, Saudi Arabia’s Energy minister Khalid al-Falih said that there was no need to immediately increase oil output. This followed the ending of waivers granted by the US to Iranian crude oil buyers. He added that Saudi Arabia will only respond to increase oil output if there is an increase in demand.

The Decision Not To Increase Output Based On Market Fundamentals

The minister said that his decision was based on oil market fundamentals rather than prices and that they still remain focused on stabilizing the global oil market.  Speaking in Riyadh, Falih said that despite the rising of inventories as a result of sanctions on Iran and the situation in Venezuela it was not necessary to have an immediate response to increase oil output.

Last year the US granted Iranian oil buyers exemptions from sanctions but it has tightened the line by deciding not to renew them.  Saudi Arabia intends to remain within its OPEC production limit as well as be intent to its customers. More so those under waivers and those that have seen their waivers withdrawn. 

The minister said that they are not going to pre-empt the same and increase their output. Oil production number for May are set. It had little variations from previous months. Furthermore, crude oil allocations for June will be decided next month.

Oil Prices Have Been Increasing Since November

Since November, Oil prices have increased. This follows the announcement by the US that all waivers on imports of Iranian oil will not be renewed to put pressure on buyers to stop buying oil, from Iran. This ends up tightening global oil supply. 

On Wednesday, Brent Crude futures dropped to trade at $74.18 per barrel. This followed a statement from the International Energy Agency. This indicates that markets are adequately supplied and global production is stable.

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Reviving The Lost Interest In The Gold Mines: McEwen

Joe Samuel

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gold mining stocks to buy

From the viewpoint of a mining executive, a loss in interest in gold mines is being assessed. After dabbling in other activities in the mining sector, firms and companies must switch back to their core activity of finding new gold mines. What could this mean for mining stocks?

Rob McEwen, CEO and Chairman of McEwen Mining (MUX) says, the first few months of the year has brought and encouraged the attention and interest of the investors in the mining of precious metals sector. But, now it is extremely important to bring up some new discoveries and execute some exploration plans in order to give consistency to the investors’ attention.

New Opportunity For Mining Stocks?

He remarks that a new zeal is required to bring enthusiasm to the investors. The current market is in need of some extraordinary news. He even said that there is no lack of money in this sector and that investors just need to work upon it and create shareholder values.

Chairman McEwen commented as the prices of the gold is consistently falling since3-4 months causing damage to the mining sector. Companies like June Gold Futures and VanEck Vectors Gold Minors ETF last traded at $1,273.50/ounce, and $20.92/share respectively and the former went down 0.32% while the latter faced 0.29% fall on the day.

According to McEwen, a few companies are working in this direction to revive the interest in these mines. These companies are Kirkland Lake Gold (its record production) & Great Bear Resources (its active program of exploration) are mentioned by him in this regard.

McEwen, as per his plans, is heading for extensive drilling plans in North America. He introduced that his company is going to invest $17 million at Black Fox Property’s (North Ontario) exploration plans and $5 million at Gold Bar Mine (Nevada).

McEwen believes that such resources are full of potential and can create peerless mines in the world.

McEwen planned for the aforementioned two plans as the world saw a degradation in the production at Gold Bar due to massive snowfall at Nevada. And also, the production at Black Fox was affected as the contactor-run crushing plant was shut down for 6 weeks in February.

Growth Is The Focus

But McEwen is definite to complete its target no matter what. He said the company will fulfill its 2019 target of gold production of 205,000 ounces. In the first 3 months of 2019, he claimed the gold production of 36,166 ounces. This is 18% more than the gold production in the first 3 months of 2018.

McEwen gave a positive statement saying that price and the interest of investor will be gained back soon once the gold mines receive adequate attention. He says that the mining sector is facing a lacuna of sentiments of investors.

He even said that the importance of gold mines could be seen as unlike investors, Central Bank is showing stability in hiking the bank’s gold reserve and continuing to see it as an international currency. So, it is still important for those investors who are seeking protection for their investments.

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Stock Price Top Trending Articles On Thursday, April 25, 2019

Jon Phillip

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New Tech, Strong Management & A Cutting Edge Product

One company that could stand alone in a multi-billion dollar industry seeing incredible growth in 2019. Click Here For Full Report

The United States To Lead The 5G Connectivity Race

In the contemporary world, every succeeding decade talks about the arrival of a new G. And the recent generation of the internet which has covered the front page of several magazines is the 5G. According to the Cellular Telecommunications Industry Association, there is cutthroat competition between the United States and China. See For Yourself, Here.

This Stock is Providing Potential for Huge Opportunity within the Health Care Industry

The most recent global report from the United Nations states that by  2030 the global population will reach 8.6 billion [1]. This predicted growth in global population presents many potential problems. Some of these problems are obvious; shelter, food etc…What about Healthcare? Click Here To See One Company Taking Direct Aim At Disrupting This Market


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