Royalty company Sandstorm Gold Ltd. (NYSE American: SAND, TSX: SSL) announcesthat its board of directors has approved the purchase of up to 18.3 commonshares by the end of 2019, subject to approval by the Toronto StockExchange. This would represent approximately 10% of Sandstorm’s current sharesoutstanding. The news comes one day after Sandstorm says net income fell to$2.1 million in th...Read More
BENGALURU, Nov 16 (Reuters) - Gold prices rose on Friday as investors sought safe haven assets amid fears of a chaotic departure for Britain from the European Union.FUNDAMENTALS* Spot gold was up 0.2 percent at $1,214.77 per ounce at 0121 GMT, while U.S. gold futures rose 0.1 percent to $1,215.6 per ounce.* Palladium was 0.6 percent lower at $1,149.49 per ounce, having hit a record high of $1,178....Read More
Comex copper prices hit a multi-week high in morning tradingin the United States on Friday November 16, amid improving macroeconomic fundamentals and with trade talks to be held between the US and China.The copper price for December settlement on the Comex division of the New York Mercantile Exchange rose by 2.25 cents to $2.7690 per lb on Friday. Earlier in the trading session, the contract peake...Read More
Three-month base metals prices on the London Metal Exchange were either little changed or stronger on the morning of Friday November 16.Zinc and aluminium prices were up by the most with gains of 0.6% and 0.4%% respectively, while the rest were little changed with copper down by 0.1% at $6,195 per tonne. Volume has been above average with 6,330 lots traded as at 07.10am London time.This morning's...Read More
Imagine going back to the late 1990s and being able to be a ground-floor investor in electric vehicles.Well, you don't have to imagine. Hydrogen fuel cell technology is at the same point in development as electric vehicles were in the late 1990s. And for us as investors, a hydrogen fuel cell boom could be a retirement-level event.Fact is, hydrogen fuel cells have the potential to be superior to a...Read More
Joyce Lee, Josh SmithSEOUL (Reuters) - North Korean leader Kim Jong Un visited the test site of a new tactical weapon in his first public “field inspection” since last year, hailing it as a “display of our rapidly-growing defense capabilities,” state media said on Friday.The North’s first mention of a new weapons development in months threatens to sour the political a...Read More
I’m back and it appears so is theprice of gold. After violating a couple of our key levels, gold held the mostimportant level of $1,200. It was a scary time with gold going through $1,200but managing to close above. The support held, clearing the way for a move backto $1,240 and then $1,275.Many of you expressed concernwhen gold was violating $1,220. My comments were the same -- “don&r...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Overnight news that regulators in Quebec are reviewing some Bombardier (BBD.B) insider-related transactions shines a spotlight on a big shortcoming in disclosure in Canada. There is an obscure measure in a 2006 OSC staff notice that allows insiders to delay reporting trades for a year or possibly more if they are made under an Automatic Securities Disposition Plan (ASDP) and receive a regular rep...Read More
(Kitco News)- The gold market continues to hug critical psychologicalsupport above $1,200, following stronger-than-expected retail sales figureslast month.Thursday, U.S. retail sales rose 0.8% in October, followinga revised 0.1% decline in September, according to the latest data from the U.S. Commerce Department.Economists were expecting to see a 0.6% rise in the headline number. For the year, sal...Read More
The weekly Chinese domestic spot battery-grade lithium carbonate price was unchanged on Thursday November 15 with most major buyers concluding their final deals before the end of the year. Battery-grade lithium carbonate prices were stable in China and in the seaborne markets, with most producers working with limited stocks before the year-end. Technical and industrial-grade lithium carbonate...Read More
Domestic prices for coated steel coil products in Turkey have moved down over the past week due to slow trading conditions, sources told Fastmarkets on Friday November 16."Demand is slow and sentiment is bearish, so the mills have had to decrease their prices," a trader...Read More
SAN FRANCISCO (Reuters) - Home-renting company Airbnb Inc said on Friday it had “substantially more” than $1 billion in revenue for the third quarter, marking its strongest quarter yet ahead of a widely anticipated initial public offering next year.The quarter was the first time it “substantially” exceeded $1 billion in revenue, Airbnb said in a statement, citing growth in...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump said on Friday he would nominate the acting head of the Environmental Protection Agency, Andrew Wheeler, to take on the position permanently.Wheeler, a long-time Washington insider known to shun the spotlight, took the reins at the EPA in July after former Administrator Scott Pruitt resigned. Pruitt faced a slew of ethics controversies that includ...Read More
Domestic prices for steel coil products in Turkey were expected to move down due to limited demand, sources told Fastmarkets on Friday November 16."Demand is barely there, and there were hardly any deals done this week," a source said."There might be more activity seen next week, but most likely the mills will not be able to maintain the current level of prices," he added.Fastmarkets' weekly price...Read More
SAN FRANCISCO (Reuters) - Former Oracle Corp product chief Thomas Kurian will replace Diane Greene as head of the cloud division at Alphabet Inc’s Google in the coming weeks, Greene announced in a blog post on Friday, after a tumultuous year for the business.Greene said she had joined Google three years ago with plans to leave after two years and will move into investing and philanthropy in...Read More
CHEMNITZ, Germany (Reuters) - Chancellor Angela Merkel on Friday urged people to stand up against hatred and reject “lies” about a U.N. migration accord during her first visit to the city of Chemnitz since a spate of far-right violence that tarnished Germany’s image abroad.Germans were shocked by images of skinheads chasing migrants in the eastern city after the fatal stabbing of...Read More
China's hot-rolled coil prices were largely stable on Friday November 16, with buyers doing their usual rounds of restocking ahead of the weekend.DomesticEastern China (Shanghai): 3,800-3,830 yuan ($547-552) per tonne, widening upward by 20 yuan per tonneNorthern China (Tianjin): 3,830-3,850 yuan per tonne, widening downward by 10 yuan per tonnePrices in eastern China widened upward, with most tra...Read More
NEW YORK (Reuters) - The total debt shouldered by Americans has hit another record high, rising to $13.5 trillion in the last quarter, while an unusual jump in student-loan delinquencies could provide another signal that the U.S. economic expansion is growing old.Flows of student debt into serious delinquency - of 90 or more days - rose to 9.1 percent in the third quarter from 8.6 percent in the p...Read More
LONDON (Reuters) - European shares wobbled and closed just in the red after a choppy session on Friday as traders waited to see if Britain’s Prime Minister Theresa May would face a no-confidence vote over her draft European Union divorce deal.The pan-European stocks index started morning trading on a gentle rebound from losses on Thursday. But it gradually lost steam as speculation mounted a...Read More