May 14, 2019 Guest(s): Todd 'Bubba' Horwitz Chief Market Strategist, BubbaTrading.com At current levels, silver is expected to "explode" if the right trigger hits the market, owing to its superior risk-return profile, said Todd Horwitz, chief market strategist of bubbatrading.com."I'm a buyer [of silver]. I think it's fine and I'm willing to take it lower if it goes lower, but I do think that at...Read More
May 14, 2019 Guest(s): Mike McGlone Fundamentals point to brighter days ahead for gold prices, says Mike McGlone, senior commodity strategist at Bloomberg Intelligence, who noted that a breakout is imminent. The key factor to watch for is the dollar, he said. "The key thing I'm watching for is the trade-weighted broad dollar's peak near its 16-year high, and last year we had the VIX volatility...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Stocks ended up Tuesday following President Trump's statement that upcoming trade talks with China were going to be "very successful." Trump said China's next move in the trade war will be a rate cut and he pushed the Federal Reserve to follow suit. Walmart (WMT - Get Report) said it will launch a free, next-day de...Read More
Alba Minerals (TSX-V:AA) announced that it entered into an agreement with Journey Exploration to acquire all of its issued and outstanding share capital.The logic behind the buyout is that Journey holds a 100% interest in five prospective vanadium and uranium properties in Colorado and Utah.Yellow Circle mine workings. Photo by Alba Minerals.According to Alba, the projects are in and adjacent to t...Read More
A summary of base metals premiums from across the globe for the week to Tuesday May 14.Click on...Read More
Prices in the London Metal Exchange base metals complex became firmer on Tuesday May 14 when it was realized that the effects of proposed Chinese tariffs side-stepped the base metals to focus on imports of minor metals and ferro-alloys.The duties would be imposed by China on materials from the United States from June 1, in retaliation for increased US import duties on Chinese goods in the two coun...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMay 14, 2019 The short seasonal rally for gold that typically follows India’s Akha Teej holiday (May 7 this year) is in play but this time it is being “juiced” by a major US stock market meltdown! In a game with nine innings, the US business cycle is probably in the eight...Read More
Russian aluminium producer Rusal said it will focus on restoring its market position after its first-quarter revenues plunged by 20.9% year on year in a period "challenged by the past year's events". Rusal reported revenue in the first quarter of 2019 of $2.17 billion, a fall of 20.9% year on year from $2.744 billion. The company said the fall in revenue was due to the decrease in the London Metal...Read More
The price of gold soared over $13 Monday as flight-to-safety money flowed into the precious metals sector while the stock market went into a downward spiral. I see Monday's market action as a preview of what's in store going forward as price discovery once again engulfs the stock market and causes the most extreme stock bubble in U.S. history to deflate.Despite the fact that it seems to be taking...Read More
China yesterday announced plans to raise tariffs on about US$60 billion worth of US imports in retaliation to America's move last week to increase duties on about $200 billion worth of Chinese imports.The US then released a further list of about $300 billion worth of Chinese goods that could be hit with a 25% tariff, Bloomberg reported earlier.The tariff tit-for-tat has escalated after the pair fa...Read More
Russian aluminium producer Rusal said it will focus on restoring its market position after its first-quarter revenues plunged by 20.9% year on year in a period "challenged by the past year's events". Rusal reported revenue in the first quarter of 2019 of $2.17 billion, a fall of 20.9% year on year from $2.744 billion. The company said the fall in revenue was due to the decrease in the London Metal...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee"), is pleased to announce the completion of the integration of its Mesh API intelligent content distribution platform with Amazon Seller Central and to also report the addition of Amazon Vendor Central, Amazon.ca, amongst other geography centers, to its list of Venzee Certified retailers.Venzee's channel partners...Read More
Ferro-vanadium prices continued to fall globally in the week ended Friday May 10 with vanadium pentoxide (V2O5) markets following the downtrend. Chinese ferro-vanadium export prices fall on weak demandEuropean ferro-vanadium price continues downtrend on aggressive offers, oversupply European V2O5 price falls again on weak buying, Chinese export price under pressureThe export price for ferro-vanadi...Read More
By: Dave KranzlerThe price of gold soared over $13 Monday as flight-to-safety money flowed into the precious metals sector while the stock market went into a downward spiral. I see Monday's market action as a preview of what's in store going forward as price discovery once again engulfs the stock market and causes the most extreme stock bubble in U.S. history to deflate.Despite the fact that it...Read More
By: Ira EpsteinGold's move yesterday really kicked it up into a new trend? Gold's strange chart:Read More
China will implement import tariffs on over 5,000 types of US goods, including ferro-vanadium, vanadium pentoxide and silicon, starting June 1, 2019, amid an escalating trade war between the two countries. From the start of next month, a 25% tariff will apply to vanadium pentoxide, vanadium oxides and hydroxides and ferro-vanadium containing 75% or more vanadium by weight from the United States. T...Read More
The Chinese bismuth price fell by 4.8% on Friday May 10 after suppliers cut their selling prices in an attempt to stem declining export demand after the United States raised import tariffs on $200 billion worth of Chinese products, including bismuth, to 25% on the same day. The increase to the import tariffs from 10% previously followed a threat earlier by US President Donald Trump that he would r...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Zandi ShabalalaLONDON, May 14 (Reuters) - Copper rebounded on Tuesday asinvestors emboldened by solid supply and demand fundamentalssought bargains after tit-for-tat trade tariffs between theUnited States and China triggered a fall in prices.China said on Monday that it would impose higher tariffs onmost U.S. imports on a revised $60 bi...Read More
The Turkish steel producers went quiet again in the scrap import markets on Tuesday May 14 due to the continuing low demand for finished long steel in the export and domestic markets.A steel producer in the Izmir region booked a Baltic Sea cargo on Monday, comprising 10,000 tonnes of HMS 1&2 (80:20) at $286 per tonne, 12,000 tonnes of shredded at $291 per tonne and 3,000 tonnes of bonus at $296...Read More
Gold futures climbed above $1,300 an ounce on Monday to post their highest finish in roughly a month, as U.S. benchmark stock indexes suffered steep declines with U.S.-China trade talks at an apparent stalemate. "Uncertainty over the real impact on [the] U.S. economy and Chinese economy is driving gold prices higher," Chintan Karnani, chief market analyst at Insignia Consultants, told MarketWatch....Read More