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
Domestic rebar producers in Egypt have reduced their prices over the past week, however, steel billet import prices have remained stable week on week, sources said on Thursday December 27.Fastmarkets MB's weekly price assessment for steel billet imported into Egypt was at $440-445 per tonne cfr on Thursday, unchanged from the previous assessment.Billet producers in the Commonwealth of Independent...Read More
"In reality, the school falsified transcripts, made up student accomplishments and mined the worst stereotypes of black America to manufacture up-from-hardship Continue...Read More
More than 10 schools in Southern China are making students wear cutting-edge "smart uniforms." The students' jackets have embedded microchips which will sound an alarm of the students skip class or fall asleep during a lecture. Facial recognition software keeps the students from switching jackets and will monitor students' cashless spending purchases, which parents can control via a mobile app. Li...Read More
As I mentioned in my post on lessons investors learned in 2018, most investors will want to forget 2018. However, the turmoil we are experiencing now across markets could Continue...Read More
Continue...Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most recently, of Unbalanced: The Codependency of America and China and Stephen Roach on the Next Asia: Opportunities and Challenges for a New Globalizatio...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
In my video update on Friday, I outlined three strong support levels for the broad markets. For the S&P 500, the support was 2,430. For the Dow is was 22,275. And for the Nasdaq it was 6,300.Continue...Read More
"We are spread out all over the world. We are in countries most people haven't even heard about. Frankly, it's ridiculous," he added.Continue...Read More
"Even the power of faith, which frequently inspires great generosity and self-sacrifice, can fall victim to tribalism. But through the many changes I have seen over the years: faith, family Continue...Read More
With market action becoming increasingly surreal and the panicked, vertigo-inducing bear market rallies (spawned by a record $64 billion pension fund reallocation intoContinue...Read More
Import and domestic prices for rebar and billet in the United Arab Emirates (UAE) decreased this week, with demand weak, sources told Fastmarkets MB on Thursday December 27.Domestic rebarLocal rebar producers had previously announced reduced prices for January production on December 20.The country's largest producer, Emirates Steel, was offering rebar at 1,899 dirhams ($517) per tonne ex-works, do...Read More
After a strong start to 2018, the value of the world's largest mining stocks began turning down well before summer as worries about a China-US trade war continued to mount.Even before the Trump-Xi tariff battles began, fears of a slowdown in China, consumer and producer of nearly half the world's metals and minerals, were gnawing at investors hoping for another year of strong gains for the industr...Read More
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced this week that it has acquired 12,500,000 common shares of Sun Metals (TSX.V: SUNM) a Vancouver-based mineral exploration company.The shares were acquired for an aggregate purchase price of $3.5m, and were acquired privately on Dec. 20, 2018 pursuant to a donation arrangement. As a result, Teck holds approximately 13.8%...Read More
Import prices for steel billet in Southeast Asia remained flat on Thursday December 27 due to sparse offers, bids and transactions amid the year-end holiday season.Fastmarkets' daily import price assessment for billet in Southeast Asia was $460-462 per tonne cfr Manila on December 27, unchanged for the sixth consecutive day.One cargo from the Russian Far East was sold to the Philippines at $462 pe...Read More
Michael Rowley, president and CEO of Group Ten Metals, speaks with Maurice Jackson of Proven and Probable about his company's recent PGE discoveries in Montana and the similarities to projects in South Africa's Platreef District. Maurice Jackson: Joining us today is Michael Rowley, the president and CEO of Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTC), which is exploring for platinum, palladium, n...Read More
Money manager Adrian Day reviews recent developments at a number of resource companies in his portfolio. Wheaton Precious Metals Corp. (WPM, NY, 18.91) settled its bitter dispute with the Canadian tax authorities over tax treatment of royalties purchased though its offshore subsidiaries. Wheaton won on the central question of Canadian taxation on foreign income, though certain minor adjustments i...Read More
An iA Securities report notes the early results from this Canadian mine indicate gold grades could increase. In a Dec. 19 research note, analyst George Topping reported that preliminary bulk sampling results from Osisko Mining Inc. (OSK:TSX) Windfall project demonstrate a "39% positive reconciliation in grade." Findings are from 2,078 tons of ore obtained from block 114 in zone 27 at the Quebec p...Read More
Money manager Adrian Day explains why he believes investors should sell this stock before the end of the year. Our somewhat aggressive limit to sell Nevsun Resources Ltd. (NSU, NY, 4.38-4.39) has not filled. Given the looming deadline, we now have a choice. Sell shares in the market now, with a limit of $4.39. Given the currency conversion fee charged by most brokerages, this is essentially the C...Read More
Import prices for stainless steel in East Asia moved up over the past week in the absence of low offers from certain mills, although trading activity remained muted amid soft demand due to the year-end holiday season.Fastmarkets MB's import price assessment for 304 stainless 2mm trimmed cold-rolled coil in East Asia was $1,900-1,960 per tonne cif for the week ended Wednesday December 26, up $30-40...Read More
Gold logged its third straight gain as stock market volatility remained highStocks finished higher in an eleventh-hour scramble today, as Wall Street continued its violent bout of volatility in the aftermath of yesterday's biggest Dow point gain ever. The Dow finished 260 points in the black -- well off its 611-point intraday decline -- despite a drop in consumer confidence and geopolitical drama...Read More