Here Are 3 Hot Things to Know About Stocks Right Now Stocks ended lower Thursday as investors continued to react to a statement from the Federal Reserve that suggested U.S. interest rates likely will remain unchanged for the better part of the year. Shares of Dow Inc. ( DOW fell after the company reported a sharp decline in first-quarter profit. Plant-based meat maker Beyond Meat...Read More
Zinc bears are betting that the London Metal Exchange zinc price will fall to $2,500 per tonne in June, with massive orders for put options placed in recent weeks, Fastmarkets learned.Current open interest on the LME Select platform shows 5,125 lots of put options are active for the June declaration at a $2,500-per-tonne strike price, representing an equivalent of 128,125 tonnes of the metal. Opti...Read More
Comex copper prices sank further in morning trading on Thursday May 2 in the United States after a 3% selloff yesterday fueled by increased warehousing inflows, weak global data and a stronger dollar. The copper price for July settlement on the Comex division of the New York Mercantile Exchange fell 2.15 cents to $2.7810 per lb. "In line with our expectations, copper has come under downward p...Read More
Zinc bears are betting that the London Metal Exchange zinc price will fall to $2,500 per tonne in June, with massive orders for put options placed in recent weeks, Fastmarkets learned.Current open interest on the LME Select platform shows 5,125 lots of put options are active for the June declaration at a $2,500-per-tonne strike price, representing an equivalent of 128,125 tonnes of the metal. Opti...Read More
Banking sector speakers said funds were available for good projects and good management teams from debt sources, but the difficulty was the barren equity markets.Read More
Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company") is pleased to announce that Anthony Huston, CEO of Graphite One presented at the Benchmark Minerals Summit 2019, in Washington, D.C. Mr. Huston was the only CEO of a graphite developing company to present at this invitation-only session in which he highlighted the Company's graphite project and...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata"), a leader in 4G/LTE Push-To-Talk devices, is pleased to announce the commercial launch of both its 4G/LTE UR7 rugged handset and CP250 4G/LTE in-vehicle device with Partner Communications Company Ltd. (PTNL:NASDAQ).Employers across various industries are driving the demand for reliable, durable and...Read More
Vancouver, BC - Quadron Cannatech Corporation (CSE:QCC) (the "Company" or "Quadron") is pleased to introduce the latest model of its automated, next generation cannabis and hemp extraction system. The Big BOSS is the Company's latest system that provides the same advantages as the distinguished BOSS, but with significantly larger processing capabilities.The Big BOSS Extraction System - Key Adva...Read More
By: Ira EpsteinGold held up relatively well after the FOMC decision. $1,289.40 resistance:Read More
Interest rates outlook was expected to be kept unchanged by the Federal Reserve. Fed also lowered interest rates paid on reserves. Chairman Powell's statement that that inflation risk appears to have been moderated resulted in fall in gold prices. What next for gold: Wider trading range is at $1249.60-$1263.20-$1280-$1297.10. Overall trend is down as long as gold trades below $1291. Gold needs t...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, May 2 (Reuters) - Zinc prices hit their lowest sincemid-March on worries about global demand and as inventoriesclimbed, but other metals were supported by hopes that aU.S.-China trade deal would be agreed.Investors have been worried after data on Tuesday showed factory growth in top metals consumer China slowed unexpe...Read More
"EBITDA is forecasted to be at the 2018 level - that is, 12-14%," Normet interim CEO Aaro Cantell said this week."The outlook for year 2019 is still positive, although the market growth is slowing down. We are in the process of scanning new growth areas to secure our renewal and future growth."Our aim is to identify and launch 2-4 of these growth initiatives during this year." Read More
Toronto-based Kirkland Lake Gold can't seem to miss drilling high grades at its Macassa gold project in the town of Kirkland Lake. Recent excellent results highlight the potential for growing resources and new discoveries, says the company.Drilling east of the South Mine Complex (SMC) has returned 118.8 g/t gold over 2.0-metres core length, 62.7 g/t over 1.9-metre true width, and 73.8 g/t over 2.7...Read More
The Turkish deep-sea scrap import market remained quiet on Thursday May 2, with participants expecting lower prices following the sale of a cheaper billet cargo to Saudi Arabia, sources have told Fastmarkets.A steel mill in northern Turkey sold 40,000 tonnes of billet to Saudi Arabia at $425 per tonne fob, equivalent to $452 per tonne cfr, multiple sources reported on Thursday.Following news of th...Read More
* Gold slips for second straight session * Platinum touches lowest in a month * Silver hovers close to a more than four-month low * Dollar extends gains on Fed statement * Markets eye Friday's U.S. jobs data, U.S.-China tradetalks (Updates prices)By K. Sathya NarayananMay 2 (Reuters) - Gold prices slumped to an over four-monthlow on Thursday after the U.S. Federal Open Market Committee(FOMC) axed...Read More
JCAP sent letters to the British Columbia Securities Commission and the US Securities and Exchange Commission alleging serious issues concerning misleading claims about the proposed project.Read More
Fastmarkets topped the base metals leaderboard in the Apex first-quarter 2019 contest, with an accuracy rating of 98.41%, while Edward Meir of INTL FCStone was top of the precious metals table with 97.45% accuracy.For steel raw materials, Casper Burgering from ABN Amro topped the leaderboard, with 91.16% accuracy.Click on the image below to download the full report.Second in the base metals leader...Read More
The Thursday Market Minute Global stocks slip lower Thursday, as investors react to both the Federal Reserve's rate stance and market closures throughout the Asia region.Fed Chair Powell sees "no strong case" for moving rates in either direction, but comments tied to inflation prospects cast a hawkish tone over an otherwise neutral policy decision.European stocks drift lower amid another active...Read More
Australian conglomerate Wesfarmers bid $546 million on Thursday May 2 to acquire junior lithium spodumene producer Kidman Resources.Fellow Australian company Kidman is developing the Mount Holland asset in Western Australia to produce lithium spodumene concentrate in a 50:50 joint venture with Chilean lithium producer SQM. They are looking to build a lithium hydroxide plant with capacity for 45,50...Read More
After a short rally in the first quarter peaking in March, the gold price fell during the year, then rebounded in December. In 2018, the global average all-in sustaining costs (AISC) fell 6%, as companies reacted quickly when the gold price was on decline, and gold miners found ways to keep costs down.The AISC metric serve as a benchmark of a mine's operating efficiency. They provide a more comp...Read More