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
Vancouver-based juniors Defiance Silver Corp. (TSXV: DEF) and ValOro Resources Inc. (TSXV: VRO) stocks soared today, following yesterday's friendly merger announcement.The merger will be completed effective 11:59 pm on Monday, Dec. 31, 2018 and will create an advanced portfolio of Mexico-based silver and gold projects, the companies said in a joint release.The combined company will continue under...Read More
Stock markets have been on a wild ride this week and jittery investors have been busy buying gold as a form of insurance from the market volatility. Although the yellow metal has not embarked on any type of rip-roaring move higher, it has held it's value and even slightly increased during the market chaos, which is precisely what it's supposed to do during times like these.Highly respected trader...Read More
(This article first appeared in April) Barrick Gold founder Peter Munk addresses shareholders at the 2010 annual general meeting.?EUR,Credit: Barrick Gold.It's an extraordinary story about an extraordinary man who became one of the most legendary entrepreneurs in Canadian history.But at its core it is also a love story. It's a tale about Peter Munk's life-long romance with Canada - the country th...Read More
Gold is closing out 2018 with a flourish. Prices are poised for the biggest monthly gain in almost two years as concerns about next year's economic outlook, volatility in global equities and a government shutdown in the U.S. spur demand for the metal as a haven.Spot bullion hit a six-month high on Friday, topping $1,280 an ounce, as investors favored defensive assets, adding to holdings in exchang...Read More
* Higher prices dampen appeal* China premiums ease to $3-$7 an ounce* Spot gold on track for biggest weekly gains in three* Dealers in India offer $2/oz discountMUMBAI/BENGALURU - Physical gold demand lacked vigour in most Asian hubs this week as limited safe haven interest failed to lift activity into the year end, while jewellers in India stepped up purchases, hoping for a further leg to a rally...Read More
Global ferrous scrap prices were mostly little-changed during the week ended Friday December 28 due to illiquid spot trading. The thin liquidity was caused by the year-end holiday season, when most market participants had already left the spot market for their vacations. Key import markets such as Turkey, Taiwan and Vietnam did not see many negotiations for ferrous scrap. Demand is expected t...Read More
The price of shredded ferrous scrap imported into India continued on a downward trend due to the year-end demand lull, market participants said on Friday December 28.Fastmarkets MB's weekly index for containerized imports of shredded scrap into India was calculated at $325.74 per tonne cfr Nhava Sheva on December 28, down from $331.98 per tonne cfr Nhava Sheva on December 21. "There are limited pa...Read More
The Turkish deep-sea scrap import markets continued to be quiet at the end of the week amid the holiday period, sources said on Friday December 28.Offers for HMS 1&2 (80:20) were reported around $290 per tonne cfr from European suppliers, while offers from other sources were at around $295-300 per...Read More
Steel billet prices in the major global markets remained either unchanged or continued to decline during the week to Friday December 28 amid the year-end trading lull and persistent weakness in finished long-steel markets.AsiaImport prices for steel billet in Southeast Asia remained flat week on week due to sparse offers, bids and transactions amid the year-end holiday season, with the most recent...Read More
Commonwealth of Independent States (CIS) export slab prices slipped by another $15 per tonne over the week ended Friday December 28 due to the weak fundamentals in the CIS finished flat-steel market and the end-user market.Fastmarkets' weekly price assessment for CIS-origin slab was $400-405 per fob Black Sea on December 28, down from $415-420 per tonne fob a week earlier.A customer in Turkey was...Read More
China's rebar prices were flat on Friday December 28 in both the domestic and the export market,even though futures saw slight gains. Domestic Eastern China (Shanghai): 3,760-3,800 yuan ($547-553) per tonne, unchangedNorthern China (Beijing): 3,630-3,670 yuan per tonne, unchangedTrading activity was slow ahead of the year end. Weaker futures also resulted in participants taking a wa...Read More
Oil and gold both gained today, while stocks ended a weekly losing streakIt was a whipsaw session for stocks today, reflecting the volatile price action seen throughout the week. After trading on both sides of breakeven and exploring a 400-point range throughout the day, the Dow ultimately turned lower in the final hour of trading. The S&P joined the Dow in the red, while the Nasdaq eked out its t...Read More
Piper Jaffray discussed two stocks to target if a recession hitsStocks are volatile again, but the Dow remains on pace for a weekly win. Three individual names making notable moves today are health insurer Centene Corp (NYSE:CNC), weed stock Aphria Inc (NYSE:APHA), and cellular therapy issue Vericel Corp (NASDAQ:VCEL). Here's what's happening with shares of CNC, APHA, and VCEL. CNC Stock Gets Big...Read More
It's easy to prepare your retirement savings for the New Year.It's that time of year again.Yes, the holiday season is filled with shopping and Christmas parties, but we still have to squeeze in a little time for end-of-year portfolio housekeeping. Because let's face it, life isn't exactly going to slow down once we hit the first of the yearIt's particularly important to take a good look at your 40...Read More
CloseGain/LossOn WeekGold $1280.00+$5.10+1.95%Silver$15.37+$0.14+5.13%XAU69.68-1.56%+1.47%HUI158.15-1.93%+1.07%GDM579.60-1.28%+1.55%JSE Gold1367.91+0.51+3.88%USD96.38-0.15-0.67%Euro114.47+0.09+0.74%Yen90.84+0.69+0.91%Oil$45.33+$0.72-0.57%10-Year2.719%-0.058-2.30%Bond145.78125+0.25+0.67%Dow23062.40-0.33%+2.75%Nasdaq6584.52+0.08%+3.97%S&P2485.74-0.12%+2.86% The Metals: Gold...Read More
During the shutdown of the federal government, the Commitments of Traders report will not be published. When the federal government operations return to normal, CFTC will resume publication of the Commitments of Traders report.Read More
Wednesday was the Dow's biggest gain everIt was a wild ride on Wall Street this week, as volatility reared its ugly head once again. In addition to the worst Christmas Eve sell-off of all time, the Dow racked up its biggest one-day point gain ever on Wednesday. That was followed by a dramatic pivot higher in the final hour of trading on Thursday. Amid all this whipsaw price action, the Dow, S&P...Read More
Powell noticed some crosscurrents in the path of the US economy. Will it stay on the surface? And is gold a good swimmer?Crosscurrents Cause Fewer HikesWe hope that you enjoyed Christmas. As we promised last week, we will analyze the post-meeting Powell’s press conference today. The Fed Chair remained optimistic about the US economy, which “has continued to perform well.” However...Read More
A rare signal just flashed for WorkdayThe shares of Workday Inc (NASDAQ: WDAY) are up 55.6% year-to-date to trade at $158.07, hitting a record high of $172.67 earlier this month. Now, WDAY just came within one standard deviation of its 10-month moving average -- a historically bullish trendline that could be signaling more upside for the software name. According to data from Schaeffer's Senior Q...Read More
U.S. stocks are up with trading volumes mutedThe Dow Jones Industrial Average (DJI) has explored a 316-point trading range on both sides of breakeven today, last seen in the green, as stocks extend the recent run of volatility. Overall, the Dow and its index peers are set to close the week in positive territory -- which would mark the first weekly win in four weeks for U.S. stocks. In the meantime...Read More