The majority of London Metal Exchange base metals prices continued to trade up during the afternoon session on Tuesday May 21, with the complex largely following the equities markets on their upward trajectory.LME base metals prices largely ignored relatively thin trading volumes, shrugging off the potential suppressing influence of a strengthening US dollar, with the Dow Jones index climbed...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Stocks ended higher Tuesday after the Commerce Department eased restrictions on China's Huawei Technologies. Home Depot (HD - Get Report) rose slightly after beating first-quarter earnings expectations but missing on same-store sales growth. Kohl's (KSS - Get Report) missed Wall Street's first-quarter earnings expe...Read More
News that Hydro's Alunorte alumina refinery will return to full capacity, after the production embargo was removed, did little to stop the recent increase in alumina prices.Fastmarkets' benchmark alumina price settled at $366.25 per tonne on May 21, up from $362.88 per tonne day on day and a 6% increase from $345.01 per tonne on May 10 when the index fell to its lowest since August 24, 2017. "Alun...Read More
Reuters report in which the news service discovered that almost all of the solar cell production at Tesla's solar factory in Buffalo, New York is being sold overseas, primarily to a large Asian buyer. Tesla's Solar City business was given $750 million in State subsidies to build the plant in NY in exchange for employing at least 1,460 people and spending $500 million per yer in the State over...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMay 21, 2019“Buy in July to watch your gold stocks fly!”That’s a time-tested mantra from “Goldlion”, who picks the junior mining stocks for my Graceland Juniors newsletter. Sadly, this is not July.It’s the month of May, and May is part of the soft demand...Read More
Steve Savilleemail: sas888_hk@yahoo.comPosted May 21, 2019The price of platinum has pulled back from an early-April high of US$920 to$833, meaning that it has 'corrected' by almost 10% in a little more than amonth. Over the same period the price of the Physical Platinum ETF (PPLT)has dropped from around US$86 to US$78.79. Both platinum and PPLT are now trading very close to their respective 200-da...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday May 21 that are worth another look.The United States' removal of Section 232 tariffs on Mexican steel products is likely to underpin a slow recovery in Mexico's ferrous scrap market, market participants said. News that Hydro's Alunorte alumina refinery will return to full capacity, after the production embargo was removed, did l...Read More
The raising, which will be conducted in two parts, has an issue price of A6.5c per share, a 7.1% discount to yesterday's close. A single-tranche placement will raise up to $20.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 Shopify.Venzee's channel partners can now connect their clients directly to Shopify through Venzee Mesh API to automate the distribution of complete, accurate, and consumer-relevant product at...Read More
A summary of base metals premiums from across the globe for the week to Tuesday May 21.Please click...Read More
News that Hydro's Alunorte alumina refinery will return to full capacity, after the production embargo was removed, did little to stop the recent increase in alumina prices.Fastmarkets' benchmark alumina price settled at $366.25 per tonne on May 21, up from $362.88 per tonne day on day and a 6% increase from $345.01 per tonne on May 10 when the index fell to its lowest since August 24, 2017. "Alun...Read More
By: Ira EpsteinGold's Bias is down:Read More
By: Dave KranzlerTesla has been "done" for awhile but many of the Wall Street and investor "uber" bulls are finally starting to see this reality. Amusingly, Wedbush's Dan Ives issued a report in which he lowered his price target on Tesla stock from $270 to $235. He refers to Tesla's situation as a "code red situation." Quite frankly, a "code red situation" with regard to a company and it...Read More
Is it okay for Tesla bulls to come out of their bomb shelters? Perhaps, but only with caution. The stock bounced sharply on Monday from a low that was close to the 193.31 Hidden Pivot support we were using as a minimum downside target. On the hourly chart the selloff looks to have reversed an inch from where we'd expected. But I hesitate to declare the target achieved, since the tiny-lookin...Read More
The recent downtrend in Chinese domestic ferro-silicon prices continued in the week ended Friday May 17 amid an abundance of the material, while sentiment remained bearish due to weak demand from the country's steel and magnesium markets. Chinese market extends losses amid ample supply. Sluggish demand compounds weakness in China. European market steady, further cements price floor. US market flat...Read More
Gold prices finished Monday with a modest gain after settling at a two-week low in the previous session, with the dollar showing some weakness and U.S. stocks on the decline. June gold GCM19, +0.04% on Comex added $1.60, or 0.1%, to settle at $1,277.30 an ounce. It ended Friday at $1,275.70, the lowest most-active contract finish since May 2, according to FactSet data. Gold futures logged a weekl...Read More
The Turkish deep-sea scrap market remained quiet on Tuesday May 21, while steel mills continued to negotiate rebar sales to the United States and scrap merchants awaited signs of a clearer market direction.The US reduced its tariff on steel imports from Turkey to 25%, from 50%, on May 17, bringing the country back in line with other prospective suppliers to the US market.F...Read More
Ontario's government is working for the people by investing in a unique, world-renowned northern research facility to help protect the province's freshwater ecosystems.Today, Greg Rickford, Minister of Energy, Northern Development and Mines, was in Kenora to announce Ontario is providing more than $2 million in funding to the International Institute for Sustainable Development Experimental Lakes A...Read More
The Tuesday Market Minute Global stocks rebound following a move by the Commerce Department to ease restrictions on China's Huawei Technologies.Tech stocks gain on temporary reprieve for world's biggest equipment maker, but China's hit at reprisals, as well as the ongoing supply chain disruption, caps equity market gains.Oil edges higher amid ongoing concern over the escalating U.S. rhetoric tow...Read More
Many years ago, at a posh resort on the left side of Costa Rica, I golfed among the monkeys and alligators with a man who told me the secret to success. This man was in his mid-30s, good looking, wore a shiny Rolex, and dressed in the expensive golf fashion of the time."Christian," he said, as he whipped his driver in big practice swings in the tee box, "the secret to success is debt.""All of thos...Read More