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
Lets start with the BPGDM, Gold miners bullish percent chart which has just made a lower low along with the GDX on top. If you recall I was looking for some kind of divergence between the 2 which hasn’t happened yet red arrows on right side of the chart. There is no doubt that the BPGDM is trading down toward the low end of its range between 100 on top and zero on the bottom. It would be nic...Read More
The price of shredded ferrous scrap imported into India fell this week due to a lack of demand, sources told Fastmarkets on Friday July 19.Fastmarkets' weekly price for steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $314.23 per tonne on July 19, down from $319.09 per tonne on July 12.Offer prices for shredded scrap moved down this week to $308-320 per tonne, from $315 to $3...Read More
By Frank Holmes"Capitalism works" is how Ken Langone, billionaire co-founder of Home Depot, opens his new book, I Love Capitalism!: An American Story."Let me say it again: It works! And I'm living proof it can work for anybody and everybody.... Show me where the silver spoon was in my mouth. I've got to argue profoundly and passionately: I'm the American Dream."Last week, I had the privilege to...Read More
Danielle DiMartino Booth is a former advisor to The Federal Reserve Bank of Dallas. In this episode of "Ask The Expert", she answers questions about the U.S. dollar, the U.S. economy and the recent shift in Federal Reserve policy.Read More
The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday April 24:Aluminium scrapCommercial cast: ?780-810 per tonne from ?780-820Commercial turnings: ?560-600 per tonne from ?565-605Group...Read More
March 2 (Reuters) - * Perrigo Company PLCreported quarterly adjusted earnings of $1.28 per share. The mean expectationof 18 analysts for the quarter ended December 31 was for earnings of $1.25 pershare.* Revenue rose 20.5 percent to $1.28 billion from a year ago; analysts expected$1.25 billion.* Perrigo Company PLC's Reported EPS for the quarter was 52 cents.* The mean earnings estimate of analyst...Read More
Clearly, one reason for the move in gold is the weakness in the U.S. dollar. The black line tracks the U.S. dollar index over the past two months while the gold line tracks the gold price. The dollar hit its recent high exactly when gold reached its low and the two have diverged since then.The weakness in the dollar appears to reflect a longer-term trend going back to the mid-1980s as the chart be...Read More
GoldcorpInc. (TSX: G, NYSE: GG) announces plans to buy back shares for cancellation.The company says it has received approval from the Toronto Stock Exchange forits “notice of intention to make a normal course issuer bid." This wouldallow Goldcorp to purchase for cancellation up to 43.5 million common shares,representing 5% of its 869.5 million outstanding shares as of Oct. 26 over a12-...Read More
Latest news in the PhilippinesRead More
(Reuters) - Wall Street's main indexes surged 1.5 percent at the open on Monday after reports that the United States and China were willing to negotiate tariffs and trade imbalances to avert a trade war.The Dow Jones Industrial Average .DJI rose 394.94 points, or 1.68 percent, to 23,928.14. The S&P 500 .SPXgained 40.73 points, or 1.58 percent, to 2,628.99. The Nasdaq Composite .IXIC added...Read More
Benjamin Baptista will retire and leave his role as chief executive officer of ArcelorMittal's Brazilian unit on September 30 after 12 years, with current Latin America long steel CEO, Jefferson De Paula, to replace his role, Baptista said on Tuesday August 3.Baptista joined ArcelorMittal in 1983, when it was still called Companhia Sider??rgica de Tubar??o (CST). It was later bought by Arcelor, to...Read More
Brigadier Gold Limited is pleased to announce that the first diamRead full newsRead 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.Fastmarkets...Read More
Check this out...This is the latest concept electric vehicle from Nissan (OTCBB: NSANY), and it's super sweet!It even comes complete with butterfly doors and an interior living space.While I applaud Nissan for coming up with such an impressive design, I have to call bullshit on it being just a concept car.The Best Free Investment You'll Ever MakeOur analysts have traveled the world over, dedicated...Read More
Cyberattacks may seem like a relatively new phenomenon, but last weekend, DEF CON, the world's largest hacker conference, had its 26th annual gathering.Hackers, of course, are notoriously young, but you might be surprised just how young...Amid the hacker's Shangri-La, one large room, a "Voting Village", was set aside for kids aged 8 to 16. It was filled with computers displaying 13 imitation elect...Read More
WASHINGTON/PARIS/BEIJING (Reuters) - President Donald Trump promised on Thursday to show great flexibility and cooperation toward the United States’ “real friends” as he prepared to impose import tariffs that have provoked warnings of a trade war from Europe and China.Trump had been expected later in the day to sign a proclamation imposing 25 percent tariffs on steel imports and...Read More
Chen Lin discussed tariffs from the perspective of people he knows in China and expressed his concerns about the potential to ...Read More
Cove gold property in Nevada. Credit: Premier Gold Mines. Premier Gold Mines (TSE: PG) has announced an overnight marketed offering of C$38 million, increased from approximately C$33 million previously. The offering, co-led by CIBC Capital Markets and Sprott Capital Partners, will involve the issue of 25.3 million shares at C$1.50 each with the option to issue an additional 3.8 million shares for...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base metalsKorea Zinc, the world's largest custom zinc smelter by volume, has agreed to annual zinc concentrate supply contracts based on the treatment charges (TCs) set between Teck Resources and European smelters, Metal Bulletin understands.South Africa and New Zealand's non-exemption from the...Read More
I’ve seen Wall Street analysts make some bad calls before, but this one really takes the cake. They’re so far off base that even a major Wall Street firm is calling them out for being behind the curve.In a note to clients, Credit Suisse said the following:“Analysts have adjusted their 2018 forecasts by less than 2% for recent tax changes, a fraction of the likely impact.”...Read More