Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
There is ample room for a further shift in sentiment toward MUThe shares of Micron Technology, Inc. (NASDAQ:MU) are down 8.5% in electronic trading after the chipmaker's quarterly report. Micron revealed weaker-than-expected sales for its fiscal first-quarter, but more importantly gave a cautious outlook for 2019, with CEO Sanjay Mehrotra citing weak industry trends. In response, Needham and RBC d...Read More
How the S&P 500 has historically performed over the next two holiday weeks Before the month started, I had an article showing the typical December returns over different time frames. The chart is below with the current December return. It completely distorts the axis but it's clear that things have not gone as expected. It's the worst start to December since 1931, which was early in the Great Depr...Read More
A steel trade group argued that the statute under which the US Section 232 tariffs on steel and aluminum imports were issued was unconstitutional, according to oral arguments during a US Court of International Trade (CIT) hearing on Wednesday December 19. The American Institute for International Steel (AIIS) alleged that the statute violates the constitutional prohibition against Congress delegati...Read More
Full Article: The New Safe Haven: Gold Stocks!By: Stewart Thomson1. The US stock market continues to implode. At the same time, precious metals, bitcoin, and the Indian stock market are acting as superb safe havens.2. Please click here now. Double-click to enlarge this great short term gold chart.Full Article: The New Safe Haven: Gold Stocks!By: Stewart ThomsonDisclaimer (C) 2010 Junior Gold Re...Read More
Ferrous scrap export prices continued to lose ground despite the lack of bulk trades from the United States, with East Coast exporters located South of New England again reducing prices at the port while price expectations for the next bulk sale to Turkey soured further. No cargoes were sold off either US coast in the past seven days. Still, the increasingly gloomy global scrap market outlook caus...Read More
The US Department of the Treasury's Office of Foreign Assets Control (OFAC) plans to remove sanctions against UC Rusal and En+ Group in 30 days due to significant restructuring and corporate governance changes, it said in a notice.Russian oligarch Oleg Deripaska will remain sanctioned, however, and his property will remain blocked."Treasury sanctioned these companies because of their ownership and...Read More
Domestic prices for hot-rolled coil (HRC) in the European Union are expected to continue their gradual decline after the market recovers from the Christmas holiday period lull, sources told Fastmarkets on Wednesday December 19. The prices are expected to stabilize for a couple of weeks due to the lack of market activity over the Christmas holiday period in Europe, according to market par...Read More
The latest news and price moves to start the Asian day on Thursday December 20.Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Wednesday December 19, reflecting a continued retreat in the dollar index. Read more in our live futures report.Here are how prices looked at the close of trading:Leading pig iron exporter Metalloinvest is to modernize two of i...Read More
The latest metal markets news and price moves to start the North American day on Wednesday December 19.Base metals prices on the London Metal Exchange were mixed during morning trading, with moderate volumes facilitating a broadly upward trend while commodity investors continued to be cautious ahead of expected interest rate rises in the United States.Trading above $6,000 per tonne, the three-mont...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Wednesday December 19. Base metals traded on the Shanghai Futures Exchange were mostly down during Asian morning trading on Wednesday following Chinese President Xi Jinping's speech on Tuesday, which lacked concrete steps to improve the economy and diffuse trade tensions with the United States...Read More
Years ago, the idea that machines would replace humans on the trading floor seemed far-fetched and the suggestion that algorithms might replace humans entirely ridiculous.But both have happened in some shape or form, making the advent of blockchain - now being vaunted as the next game-changer in technology - a lot more realistic than naysayers might initially think.Dozens of trials and projec...Read More
Looking for some tips to maximize your gold and silver stacking in 2019? Matt has four awesome tips which can help do just that...by Matt form Silver Fortune via Silver FortuneThese have been some prime years to accumulate silver and gold.It remains to be seen if 2019 will be similar, but here are some tips to maximize your stack in 2019. Read More
A requirement for a higher energy density for new EV battery projects has been removed from the official regulations on automobile industry investment published by the country's National Development and Reform Commission (NDRC) on its website. The energy density threshold was removed from the final version of the regulations on Tuesday December 18 owing to the fact that current technology is not d...Read More
Peter KrauthSilver is a particular kind of precious metal.Unlike gold, nearly 60% of silver demand comes from industry. That's because silver has great physical properties, while being much cheaper per ounce than gold.Often referred to as the "poor man's gold," silver has outstanding characteristics that make it valuable, and even indispensable, to industry and beyond.That's why I remain bullish i...Read More
Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Wednesday December 19, reflecting a continued retreat in the dollar index The three-month copper price climbed 0.7%, ending back above $6,000 per tonne. In a quiet trading day, 16,200 lots of copper changed hands. In supply-side news, judges earlier this week ordered the reopening of Sterlite Copper's Tut...Read More
Comex copper prices rebounded on Wednesday morning in the US ahead of the Federal Reserve's decision on whether to raise or maintain interest rates.The copper price for March settlement on the Comex division of the New York Mercantile Exchange gained 2.40 cents to $2.6885 per lb. Earlier, the contract hit a low of $2.6930 per lb, its weakest since November 14.While the...Read More
Seaborne iron ore prices remained below $70 per tonne cfr China on Wednesday December 19, with market participants cautious over the more stringent implementation of steelmaking restrictions in China.MB 62% Fe Iron Ore Index: $69.15 per tonne cfr Qingdao, up $0.12 per tonne. MB 62% Fe Pilbara Blend Fines Index: $68.95 per tonne cfr Qingdao, up $0.12 per tonne. MB 62% Fe Iron Ore Index-Low Alumina:...Read More
It all started so well in 2018 for investors in European metal and mining stocks, as copper led a base-metals rally to multi-year highs in a time before trade turmoil gripped markets. But, as the year closes, the sector index is languishing about 25 percent below its June peak.Fractious rhetoric between Washington and Beijing over tariffs, plus growing worries about the state of China's economy un...Read More
JAKARTA - Copper miner Freeport-McMoRan Inc must pay Indonesia 460 billion rupiah ($32 million) in royalties for thousands of hectares of protected forest it used without a permit, Indonesia's Supreme Audit Agency (BPK) said on Wednesday.A 2017 state audit of operations at Freeport Indonesia's Grasberg copper mine, the world's second largest, pointed to the miner's use of more than 4,000 hectares...Read More
After five years of negotiations, Havilah Resources (ASX: HAV) has signed a Native Title Mining Agreement for its Kalkaroo copper-cobalt-gold project, northeast of Adelaide in South Australia.Kalkaroo is believed to be the largest undeveloped open pit copper-gold deposit in Australia on a copper-equivalent ore reserve basis. The signing of the new deal increases Havilah's chances of being granted...Read More