When people talk about diversification, what they’re often referring to is non-correlation. That is, investments that offset each other’s volatility.One of the most popular non-correlated assets is gold. In many bear markets, the price of gold has actually risen. When times get tough, it can pay to remain diversified.If you’re looking to diversify your portfolio with gold stocks,...Read More
May 01, 2019 Guest(s): Bob Thompson Senior VP & Portfolio Manager, Raymond James According to the "mining clock," a concept used to measure commodity cycles, we are now in the first third of a bull cycle, said Bob Thompson, Senior Vice President & Portfolio Manager of Raymond James. "The mining clock is just a simple way to see what's happening in the market, reverse engineer that, and then...Read More
The premium to be paid on purchases of lead ingots went up in India over the week ended Wednesday May 1, with buying spurred by low exchange rates before the imminent beginning of the monsoon season. Elsewhere, physical zinc premiums remained low in Europe, with sales prompted by record-high backwardations in the forward price. Lead premiums rise from one-year lows in IndiaZinc premiums remain at...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday May 1. Please click...Read More
Lead's three-month price on the London Metal Exchange fell to its lowest level since 2016 at the close of trading on Wednesday May 5, with its price action largely subdued amid commodity trading advisor (CTA) selling and low liquidity conditions, while investors hold out for the US Federal Reserve's rate decision due later. Reaching an intra-day low of $1,846.50 per tonne, three-month lead futures...Read More
The semiconductor stocks continued melting up last week until Intel threw some cold water on the Dutch tulip bulb price-chasing party. TXN reported Tuesday after the close. Revenues declined 5% from the year-earlier quarter. The management stated that "demand continued to slow across most markets. TXN then said Q2 revenues would drop 10% from Q2 2018. It said earnings would be down 13%. Management...Read More
Vanadium producer Bushveld Minerals has agreed to buy multiple South African production assets for $68 million, it said on Wednesday May 1.The South Africa-based miner will acquire Duferco Vanadium Investment Holding's Vanchem plant, the ferro-vanadium business of its subsidiary South African Japan Vanadium (SAJV), and all the shares in subsidiary Ivanti Resources. The Vanchem plant is a primary v...Read More
AMG Advanced Metallurgical Group recorded a modest increase in earnings before interest, tax, depreciation and amortization (Ebitda) at its Critical Materials division for the first quarter of 2019, helped by strong performances in vanadium, chrome and antimony. The division generated Ebitda of $31.2 million, up 1% compared with the first quarter of 2018, the Amsterdam-listed group said on Wednesd...Read More
Avocet requested the suspension with immediate effect.The same thing happened last year, with the suspension lasting for two months after it also missed the deadline for publishing its 2017 accounts and holding an annual general meeting.Avocet explained it had not been able to complete the audit for the 2018 annual report due to ongoing discussions with Managold regarding the costs incurred as par...Read More
Southern Copper Corp (SCC) saw its earnings drop in the first quarter of 2019, with falling global metals prices offsetting an increase in shipments as the company ramped up output at its copper concentrator at the Toquepala mine in Peru.SCC posted net revenues of $1.75 billion in the first quarter of 2019, down by 4.8% from the $1.84 billion it posted in the same period of 201...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The official resurrection date of the historic mine was last Wednesday (April 24) when a 72,000-tonne cargo of high-grade haematite ore valued at more than US$8 million left aboard a bulk carrier forRead More
Key data from the Wednesday May 1 pricing session in Europe.Key drivers The European ferro-titanium held at present prices for the third week in a row, with scrap markets steady for the second consecutive week, while supply worries underpinned market sentiment in the week to Wednesday May 1.There is no sign of a return to production at UK producer FE Mottram after a fire at the company's plant in...Read More
By: IRA EPSTEINGold at an important point, $1,300 resistance - gold at an important juncture:Read More
Google was down a hellacious 112 points, or 9%, at Tuesday's low, but the plunge did little damage to the bullish look of the weekly chart:The fact that this occurred after the stock had pushed above last July's record high makes the selloff merely corrective rather than impulsive. It was attributable to a dour earnings report which suggested Google is losing ground in advertising to Amazon and...Read More
The Northern European domestic price for mesh-quality wire rod has widened downwards by ?,?5 per tonne week-on-week, amid low demand, market participants told Fastmarkets on Wednesday May 1. Fastmarkets' weekly domestic price assessment for mesh-quality wire rod in Northern Europe was ?,?525-550 ($588-616) per tonne delivered on Wednesday, down from ?,?530-550 per tonne on April 24. "Dem...Read More
Key data from the Wednesday May 1 pricing session in Europe.Key drivers The European ferro-titanium held at present prices for the third week in a row, with scrap markets steady for the second consecutive week, while supply worries underpinned market sentiment in the week to Wednesday May 1.There is no sign of a return to production at UK producer FE Mottram after a fire at the company's plant in...Read More
Gold futures finished higher on Tuesday on the back of a retreat in the U.S. dollar, but the metal still suffered a decline for a third month in a row. Gold also gained with some benchmark stock indexes trading lower on Wall Street as futures prices for the metal settled. Investors awaited the Federal Reserve's policy statement due Wednesday. A private gauge of China factory activity weakened in A...Read More
Trading in the base metals on the London Metal Exchange has been extremely quiet on the morning of Wednesday May 1, with much of Asia closed for holidays. Only 561 lots had traded as of 6.16 am London time compared with 4,202 lots at a similar time on Tuesday.May Day holiday in Asia and across much of Europe expected to subdued tradingOil prices ease after attempted coup in Venezuela stallsFederal...Read More
Editor’s note: This story was previously published in March 2019. It has since been updates and republished.The potential to become wealthy often means investing in an enterprise when it is small and waiting for the entity to grow large. For this reason, many investors are willing to take chances on what they believe to be hot penny stocks. Investors in these stocks often lose everything &he...Read More