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
Today's relief rally is brought to you by chastened US and Chinese trade negotiators who are now working on a "mini" trade deal that will apparently include a reduction in USContinue...Read More
Today's guest, Marco Janssen, shares his thoughts on the demise of the European Union. During our discussion we talk about negative rates, quantitative easing and the threat of a cashless society in the near future. Marco highlights why the EU experiment is revealing to the world that Central Bank policy is disastrous for humanity. To find out more about Marco Janssen visit the link here: http://w...Read More
The answer is very bad. The structure of the Eurozone is an absolute disaster. It is promoted as a single country, but it lacks everything that stands behind a Continue...Read More
The Federal Reserve's recent need to supply $100's of billions in new credit for the overnight repo market underscores the condition of dollar scarcity in the global financial system. Continue...Read More
The first portion of the trade deal will be written over the next three weeks, Trump said Friday afternoon. Continue...Read More
The Federal Reserve will be continuing its overnight funding operations through at least January 2020, the central bank announced Friday.Continue...Read More
Austenitic steel scrap prices in Europe and UK may have found the market floor after a month of substantial decreases, while chrome steel scrap prices have fallen sharply on weak demand and low ferrous costs, Fastmarkets heard on Friday October 11."I think [austenitic] prices have found a new level after the significant drops we have had in the past month," one scrap trader said. "Material has sta...Read More
Sentiment in the market for pig iron exports from the Commonwealth of Independent States has improved, with demand appearing in China and mills able to avoid further price reductions to their traditional outlets, Fastmarkets heard on Friday October 11.Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $270-275 per tonne on October 10, narrow...Read More
Technical analyst Clive Maund charts a junior explorer and explains why he sees it as a speculative buy. Although we are generally aiming to gravitate towards the large and mid-cap gold stocks during the early stages of the sector bull market, it is worth considering smaller stocks from time to time, if they measure up fundamentally and technically. Goldcliff Resource Corp. (GCN:TSX.V) is one suc...Read More
Recent assays demonstrate high prospectivity between two existing zones. Pure Gold Mining Inc. (PGM:TSX.V; PUR:LSE) identified a new target area for discovery at its Madsen gold complex in Ontario, it announced in a news release. As such, the company expanded its current drill program by 20,000 meters (20,000m). The new area of interest, where Pure Gold hit mineralization on drilling and where ex...Read More
These results are from one of the company's high-priority regional prospects. Nighthawk Gold Corp. (NHK:TSX.V) announced in a news release results from eight more holes drilled over 2,328 meters (2,328m) at its Treasure Island gold project. Assay results are pending for the last nine holes of the total 19 drilled this year at Treasure Island, which sits on Nighthawk's Indin Lake property in Canad...Read More
Brazilian export prices for steel slab remained stable in the week ended Friday October 11 because few deals have been reported with producers cutting slab output as a consequence of the low prices.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, was $370-380 per tonne fob on Friday, unchanged from the previous week.Producers continued to focus in the United State...Read More
The Egyptian Ministry of Trade and Industry announced permanent duties on steel billet, rebar and wire rod on October 10, effective from October 12, Egyptian sources told Fastmarkets.The permanent safeguard duty is 16% of the cif price and a minimum of $74 per tonne for steel billet from October 12, 2019 until April 11, 2020. The duty will fall to 13% and $60-per-tonne minimum payment on April 12,...Read More
Iranian semi-finished steel exporters resumed sales to China this week as customers in the country returned to the market after Golden Week holiday which took place from October 1-7.A 30,000-tonnes prompt shipment cargo was heard booked in China at $405-410 per tonne cfr. That would net back to $365-370 per tonne fob, market participants said. The deal has not been included in the assessment as sh...Read More
The price of stainless steel cold-rolled sheet in Europe was lower this week because of sustained pressure from poor demand, Fastmarkets heard on Friday October 11.Fastmarkets' price assessment for stainless steel cold-rolled sheet, 2mm, grade-304, transaction domestic, delivered North Europe, was ?,?2,350-2,400 ($2,587-2,642) per tonne on Friday, down by ?,?40-50 per tonne week on week.Many marke...Read More
A phase one deal with China has been reached, Trump confirmedStocks soared today, with the Dow closing over 300 points higher after a report from Bloomberg News said the U.S. and China came to a partial trade deal earlier today. Bullish momentum accelerated into the close after President Donald Trump confirmed, speaking alongside Chinese Vice Premier Liu He in the Oval Office, that the two countri...Read More
U.S.-China trade chatter dominated headlines this weekFed buzz and U.S.-China trade chatter led to a volatile ride for stocks this week, though the major market indexes are set to finish on a high note. The week started out rough after the U.S. expanded its Chinese trade blacklist, but optimism about high-level talks in Washington, D.C. -- partially fueled by President Donald Trump's tweet storm...Read More
Plus, Wendy's is rolling out a breakfast menu in 2020The shares of Wendy's Company (NASDAQ:WEN) are in focus today, up 4% to trade at $20.69. The fast food chain is buzzing after reportingpreliminary same-store sales of 4.4%, topping the estimated 2.5% figure. The encouraging numbers, combined with the company's 2020 rollout of a breakfast menu to compete with McDonald's (MCD), have options trader...Read More
British PM Boris Johnson sees a "pathway to a possible deal"Ahead of the Oct. 31 Brexit deadline, new British Prime Minister Boris Johnson touted a "pathway to a possible deal" to leave the European Union (EU). Against this backdrop, stocks in the U.K. skyrocketed today -- and the iShares MSCI United Kingdom ETF (EWU) is pacing for its best day since 2016 -- including several big banks. In fact,...Read More
Apple's added more than 15% in three monthsThe Dow is pacing for its best day in months, and two stocks having big days are Apple Inc. (NASDAQ:AAPL) and Fastenal Company (NASDAQ:FAST). Let's check in on the shares of AAPL and FAST during their strong session on the charts. Apple Stock at All-Time HighAAPL shares have spiked 1.9% to trade at $234.55, and earlier hit a record high of $235.20. The st...Read More