For about a century, starting in the 1860s, the most prolific gold mining region of British Columbia was the Cariboo.The town of Barkerville, which sprung up in the Cariboo gold rush, was once a bustling town of 5,000.But by the 1950s, gold mining had pretty much dried up in the area, and the town of Barkerville was saved from becoming yet another B.C. mining ghost town only when it was turned int...Read More
Canadian miner Kinross Gold (TSX:G) (NYSE:KGC) is evaluating options for returning to long-term production in Chile, the world's top copper miner, where the company already has two key assets.One alternative the company is very keen on is resuming mining at its La Coipa gold and silver mine, located in Chile's northern Atacama Region, it said while delivering first quarter results on Tuesday.Alte...Read More
Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD), the world's second-largest producer of the precious metal, said Wednesday it had pinned down assets worth about $1.5 billion that it intends to sell through next year, adding it also remains open to acquiring new projects.President and chief executive officer, Mark Bristow, said Barrick would offload the unwanted assets once they are optimized enough t...Read More
The consensus is Bob Moriarty's book imparts valuable knowledge and can save investors from making costly mistakes. Bob Moriarty, veteran resource investor and founder of 321 Gold and 321 Energy, is known for speaking his mind, something that he does on his websites and in his books.His latest book, "Basic Investing in Resource Stocks: The Idiot's Guide," has made Amazon's best seller list for c...Read More
Fastmarkets published its CIS export billet index later than scheduled on Wednesday May 8 but it is now appearing as normal.Fastmarkets' CIS export billet index, fob Black Sea, was published in the price book later...Read More
Iranian export prices for steel slab and billet have decreased over the past week with deals agreed at lower values, sources told Fastmarkets on Wednesday May 8.Recent bookings for Iran-origin steel billet were heard done in Asia at $380-385 per tonne fob. The total volume of these exports was more than 40,000 tonnes.Fastmarkets' weekly price assessment for Iranian...Read More
Demand for flat steel in Turkey failed to improve in April, with most prices moving downward and with demand unlikely to improve significantly this month, market participants told Fastmarkets on Wednesday May 8.Local producers have filled their order books until late June, they added.The price decreases in April were because of the weak demand in both the local and export markets.Mayoral elections...Read More
Key data from the Wednesday May 8 pricing session in Europe. Key drivers The European ferro-titanium price was stable week on week, extending a steady trend for the fourth pricing session in a row.Scrap markets have been steady for the third consecutive week. Alloy supply worries are supporting prices despite low key trading activity in the week to Wednesday. Market sentiment is being...Read More
Import prices for stainless steel in East Asia fell over the week ending on May 7 amid a downturn in the London Metal Exchange nickel price and limited buying interest.The LME three-month nickel contract ended the official trading session at $12,040-12,050 per tonne on May 7, down by $400 per tonne from the close on May 1. The LME nickel price hit a 2019 peak of $13,650-13,660 per tonne on March 6...Read More
U.S. and Chinese officials will talk trade tomorrowAfter a shaky start, the Dow managed to rebound around midday, and was up more than 150 points at its session peak. However, the index erased most of those gains by the close, and the S&P and Nasdaq settled a volatile session lower, as Wall Street weighed the latest trade headlines. While President Donald Trump said Chinese Vice Premier Liu He is...Read More
Walmart plans to hike the buying age for tobacco sales to 21Stocks have made an unexpected turnaround this afternoon, following confirmation out of the White House that China is ready to make a trade deal. Also making moves this afternoon are Cincinnati-based Workhorse Group Inc (NASDAQ:WKHS), tobacco name Philip Morris International Inc. (NYSE:PM), and biopharma Protagonist Therapeutics Inc (N...Read More
PRTY is poised for its longest daily win streak since FebruaryParty City (NYSE:PRTY) is slated to report earnings before the market opens tomorrow, May 9. Ahead of the event, PRTY stock is trading up 4.1% at $7.32, heading toward its fifth straight win, and one speculator appears to be betting on -- or perhaps guarding against -- even more gains for the retailer.With about two hours left in today'...Read More
The shares could be ready to bounce after a post-earnings slumpiRobot Corporation (NASDAQ:IRBT) stock gapped down more than 23% on April 24, in reaction to a rare revenue miss for the Roomba maker. IRBT shares have been chopping near the $98 level since, but a pair of data points is suggesting the tech stock could be ready to run higher.For starters, iRobot stock is hovering near oversold territor...Read More
The Wall Street rookie has yet to close a session lowerVegan burger specialist Beyond Meat Inc (NASDAQ:BYND) began trading on the Nasdaq last Thursday, May 2, to much fanfare. Since then, the equity has yet to close a session in the red, and is now trading at more than three times its initial public offering (IPO) price of $25. What's more, BYND options began trading today -- here's how the option...Read More
How you can transform lagging indicators into leading indicators.No one ever said trading was going to be easy.Sometimes, do-it-yourself investing can feel about as scientific as throwing darts... and many traders give up, unable to figure out how they can break through the endless cycles of mediocre - or even straight up abysmal! - results.And when even the supposed "market gurus" or "experts" do...Read More
This week's 900-point selloff is technically very similar to the 1000-pointer that occurred between February 25 and March 11. Both exceeded two prior lows on the daily chart, generating bearish 'impulse legs' in the process. Now, even if the Dow should recover much or most of it in the days ahead, it would not change the troubling fact that two diving feints occurred within such a short time spa...Read More
The roller coaster presidency of Donald Trump is currently riding high as thestock market races back up to new highs, economic data come in better thanexpected, and Congressional Democrats’ endless investigations come up emptyhanded.Trump’s approval rating recently hit 50% at the same time asCNN’s ratings are tanking.Over the weekend, President Trump sent CNNand the rest of the &...Read More
Domestic prices for hollow steel sections in Northern Europe moved down this week as feedstock costs continued to fall and demand remained limited, sources told Fastmarkets on Wednesday May 8.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe moved down to ?,?610-630 ($683-705) per tonne delivered on Wednesday, from ?,?620-630 per t...Read More
Stock bump should be very bullish for gold. I write once again that short covering and subsequent long position building will be there if gold manages to trade over $1292. If gold rises till Monday close, then I am very confident of a $1310 and $1330. Rise and fall both will be big. Silver will lag gold but will rise if supported by gold. Two big crude oil consuming nations India and China hav...Read More
Both equities sport attractively priced options, tooBlue-chip Nike Inc (NYSE:NKE) has struggled on the charts in the past week amid broad-market headwinds brought on by escalating U.S.-China trade tensions. However, this pullback could have bullish implications, if history is any guide.Specifically, the stock's recent drop has put it within one standard deviation of its long-term 10-month moving...Read More