MUMBAI/BENGALURU - Gold demand jumped this week in India due to increased retail purchases for a key festival and weddings on price corrections, while premiums in China eased as buying slowed in the world's top consumer.Gold futures in India fell to 31,240 rupees per 10 grams last week, the lowest in more than four months and down 8.2% from a 2019 high of 34,031 rupees hit in February."This year,...Read More
Managing the world's largest rainforest is a Brazilian affair and foreigners should stop meddling in the Amazon, President Jair Bolsonaro's top security adviser said in an interview."I don't accept this idea that the Amazon is world heritage, this is nonsense," General Augusto Heleno Pereira said in an interview in Brasilia. "The Amazon is Brazilian, the heritage of Brazil and should be dealt with...Read More
Indian domestic secondary billet prices fell by 700 rupees ($10) per tonne in the week ended Friday May 10 with demand for semi-finished steel products slumping alongside finished products such as rebar.Indian domestic secondary billet prices were assessed by Fastmarkets at 31,200-31,400 rupees ($445-448) per tonne ex-mill on May 10, down by 700 rupees per tonne from last week's assessment of 31,9...Read More
A summary of the company's first quarter results were provided in an iA Securities report.In a May 9, research note, iA Securities analyst George Topping reported that with a strong Q1/19, Franco-Nevada Corp. (FNV:TSX; FNV:NYSE) "continues to demonstrate that it can deliver even in a poor gold market."Topping highlighted that the company achieved a beat during Q1/19 with respect to gold equivalent...Read More
The company plans to start initial mapping and sampling programs in late May. Gooseberry ProjectAmerican Pacific Mining Corp. (USGD:CSE; USGDF:OTC) provided an update in a news release about its past-producing Gooseberry gold-silver project, a low sulphidation, epithermal vein system in Nevada's Ramsey Mining District.The company started compiling data on the project from the various historical s...Read More
The company's first-quarter results and its reaction to them are outlined in a ROTH Capital Partners report. In a May 6 research note, analyst Joe Reagor reported that ROTH Capital Partners lowered its target price on Endeavour Silver Corp. (EDR:TSX; EXK:NYSE; EJD:FSE) to US$2.90 per share from US$3 after adjusting its estimates following release of the company's Q1/19 financial results. Endeavou...Read More
With the necessary permit in hand, the company can continue exploring its 1,780-hectare project. Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTC; 35D:FSEQB) announced in a news release it was granted a mineral exploration permit for its Wicheeda rare earth element (REE) project in British Columbia. The permit was issued by the province's Ministry of Energy, Mines and Petroleum Resources.The permit a...Read More
Export prices for Brazil-origin steel slab went downward in the week ended Friday May 10, with buyers and sellers negotiating over the final batches in the annual quota for the semi-finished product to be imported into the United States.Fastmarkets' weekly assessment of Brazil export slab prices dropped to $520-540 per tonne fob on May 10, from $540-550 per tonne fob a week earlier.Offers to the U...Read More
Prices in the European domestic stainless steel market were stable this week but decreases are likely either late in May or early in June because of falling nickel prices as well as generally weak market conditions, sources said. Fastmarkets MB assessed the price of grade-304 stainless steel cold-rolled (CR) sheets at ?,?2,240-2,300 ($2,510-2,577) per tonne delivered on Friday May 10, unchanged we...Read More
Mnuchin said trade talks between the U.S. and China were "constructive"It was a wild day of trading, with the Dow down 358 points at its session low, before swinging to a gain by the close. Stocks were initially lower after President Donald Trump's threatened tariff hikes on $200 billion in Chinese goods went into effect, and after a Trump tweet fueled concerns about a lengthy trade dispute. Howev...Read More
Take advantage of the first amendment, and participate in a nation-wide poll.With the 2020 election growing ever closer, the country continues to be divided politically.From disputes about the appropriateness of displaying the Confederate flag, to rights for minorities, and the ever-growing concern about security at the U.S. border, the 2020 election promises to be contentious... if not the most c...Read More
Uber stock's IPO priced at $45 per shareThe big day is finally here. Uber Technologies (NYSE:UBER) began trading on the Big Board today, after pricing its initial public offering (IPO) at $45 per share Thursday, valuing the ride-hailing icon at around $82 billion. At around noon today, Uber began trading at $42, 6.7% below the IPO price. As the event unfolds, there's been a lot to unpack.Uber CEO...Read More
The best part? It's risk-free. In an explosive report a former Lehman Brothers executive reveals one of Wall Street's most closely guarded investing secrets.The secret?A proven system for turning small sums of cash into vast windfalls of profits-without risking a penny in the stock market.Essentially, this system uses the latest advances in computer science and financial technology to give inve...Read More
Traditional alchemist always desired to turn lead into gold. The modern ones want to increase government spending without any limits. We invite you to read our today’s article about the Modern Monetary Theory and find out what is it and what would mean for the gold market, if implemented.Great news for all who oppose the House of Lannister’s rule in King’s Landing – the fin...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 185,801110,39073,060142,078238,437400,939421,887 Change from Prior Reporting Period 8,526-66616,755-5,2102,83720,07118,926 Traders 18070795460261185 Small Speculators LongShortOpen Interest 49,10028,152450,039 -431,10220,028 non reportable positionsChange...Read More
BofA-Merrill Lynch, however, forked over a bull note for FordThe Dow has erased all of its earlier losses to trade near breakeven, while investors are also watching Uber's (UBER) public trading debut. Also in focus this afternoon are premium retail investor Cool Holdings Inc (NASDAQ:AWSM), online review forum Yelp Inc (NYSE:YELP), and car manufacturer Ford Motor Company (NYSE:F). Below, we will d...Read More
The US stock markets sure feel inflectiony, at a major juncture. After achieving new all-time record highs, sentiment was euphoric heading into this week. But those latest heights could be a massive triple top that formed over 15 months. Then heavy selling erupted in recent days as the US-China trade war suddenly went hostile. The big US stocks' just-reported Q1'19 fundamentals will help...Read More
By Avi GilburtI am hoping that the title to this article will mark the local top to the rally off the December 2018 lows in Bitcoin. (smile) But, that does not change our perspective that it is likely that Bitcoin has resumed its bull market run.As we came into 2019, Ryan Wilday and I have been publishing articles about Bitcoin, with our ideal targets for the initial rally off its December 201...Read More
The brokerage firm thinks Medicare for All fears are overblownCitigroup chimed in on insurance stocks today, tagging the managed care organization (MCO) sector as a "buy" on overblown "Medicare for All" fears. Amid a "favorable" risk/reward backdrop, the brokerage firm upgraded Anthem Inc (NYSE:ANTM) to "buy" from "neutral," sending the security up 0.9% at $268.64.Looking closer at the charts, ANT...Read More
The Fed has just published the newest edition of its Financial Stability Report. It covers what the most powerful central bank in the world perceives as risks to the financial system stability. Is it time for the gold bulls to uncork champagne? Financial Sectors Appears Resilient, But…The Fed’s assessment of the financial vulnerabilities in the latest Financial Stability Report has li...Read More