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
The world's top diamond producer by output, Alrosa (MCX:ALRS), found a heart-shaped rough diamond at the Udachnaya kimberlite pipe in Yakutia, eastern Russia.The stone weighs 65.7 carats and company experts say it may be over 300 million years old."Diamonds of a distinctive shape that resemble some object or symbol are extremely rare in nature. Most rough diamonds are octahedron-shaped or do not h...Read More
WASHINGTON (Reuters) - The U.S. Federal Reserve unveiled a proposal on Wednesday that would ease regulations for banks with less than $700 billion in assets.PNC Financial Corp (PNC.N), Capital One Financial Corp (COF.N), Charles Schwab (SCHW.N), and U.S. Bancorp (USB.N) would enjoy reduced liquidity and compliance requirements under the proposal, which the Fed board is set to vote on Wednesday mor...Read More
Back in 2017, when some countries were handing power to populists promising variations of "drain the swamp," France went for continuity with Emmanuel Macron, a young, moderate-sounding Continue...Read More
When Jacqueline Hansen from the CBC National News asked me about our take on big US tech stocks, I suggested that recent insider selling in weak FAANG stocks was a warning sign. We address the outlook for FAANG stocks in this week's Insights newsletter. Keeping with that theme, our insider of the week is a FAANG CEO who has been selling. Our clip of the week heads to the gold group which has seen...Read More
Oil prices rose on reports the EU will back French sanctions on IranThe Dowdropped out of the gate and didn't look back, ending with a loss ofnearly 400 points. FAANG stocks continued to drag down the market, withFacebook (FB) and Apple (AAPL) among the worst hit. The former touched an annual low on more negative media attention, while the latter plummeted amid renewed concerns about iPhone deman...Read More
Torex Gold (TSX: TXG) can begin operations at its flagship Media Luna gold project in Mexico, part of the company's Morelos property, after securing a key and final environmental permit from the country's Secretariat of Environment and Natural Resources (SEMARNAT).The Canadian miner, which is spending $19 million this year to add further resources to Media Luna, said the MIA Integral permit repre...Read More
Want to know what gold is going to do next? Keep your eye on the yield on the 10 year Treasury and also the U.S. dollar...Continue...Read More
Stocks that are trading at or around 52-week highs present investors with a special choice.If they are already shareholders, do they lighten up a bit on their position and take some profits, or do they do nothing?If they do not own the stock, then they have to decide if they've missed the boat or if there is big upside still.In this article, I will discuss two stocks that are trading at or around...Read More
commodities chartsMCX Comodities charts and detail :Free Commodities Charts, Quotes, Commodities Analysis & Commentary for Futures and Options Traders.The term commodity is specifically used for an economic good or service when the demand for it has no qualitative differentiation across a market.[3] In other words, a commodity good or service has full or partial but substantial fungibility; th...Read More
Turkish steel producers continued to book deep-sea scrap cargoes and also confirmed other earlier transactions on Friday October 26, pushing prices upward.Details came to light on the two cargoes reported on Thursday.A steel mill in the Marmara region booked a Baltic Sea cargo comprising 25,000 tonnes of HMS 1&2 (80:20) at $333 per tonne cfr and 5,000 tonnes of bonus grade at $342 per tonne cfr.Ad...Read More
China's domestic rebar prices continued their upward trend on Tuesday July 6 on restocking demand, but end user demand soured, sources told Fastmarkets.DomesticEastern China (Shanghai): 4,950-4,980 yuan ($767-771) per tonne, up by 80 yuan per tonneTrading houses raised their procurement rates on Monday to build up inventories in anticipation of lower production in the second half of 2021.The...Read More
Work is under way in Fredrikstad, Norway, to build a plant that will be key to electric vehicle (EV) transportation in Europe.The final touches are being made to Fredrikstad's Hydrovolt factory, a joint venture between aluminium producer Norsk Hydro and battery producer Northvolt that will recycle 8,000 tonnes of EV batteries per year when ramped up - making it one of Europe's top p...Read More
The World Diamond Council (WDC) and the Civil Society Coalition (CSC) this week voiced their strong support for an expanded definition of conflict diamonds at the launch of the 2018 Plenary Session of the Kimberley Process (KP), in Brussels, Belgium.The proposal, put forward by the government of Canada, looks to strengthen the scope by expanding the KP’s official definition of what constitut...Read More
silverstacking #AndyShectman #silverslayer My MASSIVE Silver Giveaway Entry video is LIVE!Read More
Three-month base metals prices on the London Metal Exchange were for the most part weaker again this morning, Thursday March 7.With the exception of tin that was up by 0.5% and aluminium that was little changed, the rest of the complex were down between 0.2% for lead and 1.4% for nickel.Copper was off by 0.4% at $6,428 per tonne, compared with $6,455 per tonne at Wednesday's close, while nickel ha...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 298,10861,55459,841160,228420,378518,177541,773 Change from Prior Reporting Period 23,475-8,7563,18618,23554,53044,89648,960 Traders 20775745660287189 Small Speculators LongShortOpen Interest 59,42835,832577,605 7,0733,00951,969 non reportable positionsCh...Read More
Technical analyst Clive Maund takes a look at silver and explains why he believes it's a good time to build positions. More than a few traders are confused about what is going on with silver here after its recent reaction, but when we look at its long-term chart the situation quickly becomes clear. So we will start this update by looking at silver's 13-year chart in order to get big picture persp...Read More
Fresh reports are emerging of traders taking positions in the manganese ore market, sparking reminders of speculation-led rallies that occurred in previous years. Position trading refers to buying up larger than normal cargoes of manganese ore on expectations of making profit from a resultant price rise. It is a tactic that has not been seen for some time because opportunities have been limited du...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Read More