Ferro-manganese and silico-manganese prices into Europe made strong gains in the week ended Friday November 23 in response to concerns of a potential shortage should demand see a renewal. Ore prices in China and fob range-bound Alloys in China tick down Ferro-manganese and silico-manganese prices in Europe rise Silico-manganese in India gains prior to tenders Manganese ore prices i...Read More
The Chinese ferro-silicon market rebounded in the week ended Friday November 23 when low stock levels at smelters met with renewed demand from consumers, while the European market is in a holding pattern while waiting to settle longer-term delivery settlements with steel mills. China sees renewed consumer demand amid reported lower ferro-silicon stock levels Europe eyes first-quarter settlem...Read More
The latest news and price moves to start the Asian day on Tuesday November 27.Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Monday November 26, with downside pressure emerging amid broad strength in the United States dollar index and continued global trade tensions. Read more in our live futures report.Here are how prices looked at the close...Read More
The latest metal markets news and price moves to start the North American day on Monday November 26. Base metals prices on the London Metal Exchange were mostly lower during morning trading on Monday November 26, consolidating against broad strength in the US dollar while low stocks and supply disruptions...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Monday November 26.Base metals prices on the Shanghai Futures Exchange were broadly down during Asian morning trading on Monday amid the prevailing risk-off sentiment due to simmering United States-China trade tensions and a slight uptick in the dollar index.Check Fastmarket MB's live futures...Read More
Peter KrauthAs the price of gold continues to fight to for a breakout above $1,230, we have been getting some clues as to why it dipped below $1,200 recently.According to the "Commitments of Trader" report compiled by the Commodity Futures Trading Commission two weeks ago, large speculators had increased their bearish position in gold futures by 67%.Interestingly, those large short positions were...Read More
XAU/USD On Monday, Dukascopy Analysts spotted a channel down pattern on the hourly chart of the yellow metal. This pattern represents the rate's expected decline until new year. The decline should occur due to the metal starting a medium term consolidation after the recent gains of almost 30 USD. Note that the pattern still needs to fully confirm itself. Namely, the commodity price has t...Read More
Gold price faced a solid resistance near the $1,229 and $1,230 resistance levels against the US Dollar. The price declined recently below a major bullish trend line with support at $1,227 on the hourly chart, and traded towards the $1,220 support where buyers emerged. Later, the price started an upside correction and moved above the $1,224 level and the 50% Fib retracement level of the last decli...Read More
BTG has delivered strong financial and operational performance during Q3.Analysts' opinion and the technical chart also suggest more upside to the stock.A positive development in the Fekola mine indicates a potential increase in shareholder value.Increased FCFs are a support for the expansion of other mining properties.Thesis: During Q3 2018, B2Gold Corporation (BTG) reported revenue of ~$324...Read More
• Over the past one week or so, the precious metal has been finding decent support near the $1220 horizontal zone but has been struggling to make it through a descending trend-line. • The combination of a descending trend-line and a horizontal support constituted towards the formation of a descending triangle on hourly charts, pointing to a nea...Read More
Goldcorp (TSX:G, NYSE:GG) and IBM Canada (NYSE:IBM) just launched IBM Exploration with Watson, a new technology that applies artificial intelligence to predict the potential for gold mineralization and is also capable of using search and query capabilities across a range of exploration datasets."The potential to radically accelerate exploration target identification combined with significantly imp...Read More
A dramatic sell-off in commodities comes at a time when traders are closely monitoring a flurry of market drivers.So far this month, oil prices have collapsed on intensifying oversupply concerns, metals have fallen amid worries over slowing economic growth and investors continue to fret about the ongoing trade war between the world's two largest economies.Sam Meredith| @smeredith19Published 11 Hou...Read More
With falling investment demand, it comes as no surprise the physical market is in a surplus...for now. But for how much longer? Here's Matt's insight...by Matt from Silver Fortune via Silver FortuneWith falling investment demand, it comes as no surprise that the physical market is in a surplus... for now. But for how much longer? Read More
Chris says silver could reach the $40 to $50 level very quickly if certain events unfold, and that's just Chris' "conservative" price target...by Chris Vermeulen of The Technical TradersAs we continue to explore our custom research into the metals markets and our presumption that the metals markets are poised for a massive price rally over the next few months/years, we pick up this second part of...Read More
The silver miners have been largely abandoned this year, but they're ready to soar as the silver price recovers. Here's why...by Adam Hamilton of Zeal LLCThe major silver miners' stocks have been largely abandoned this year, spiraling to brutal multi-year lows. Such miserable technicals have exacerbated the extreme bearishness plaguing this tiny contrarian sector. While profitable silver minin...Read More
Published 23 Hours AgoUpdated5 Hours AgoReuters Simon Dawson | Bloomberg | Getty ImagesGold will continue to shine amid a weak dollar, says author and gold pro Jim Rickards.Gold firmed on Monday, supported by uncertainty over the future pace of U.S. interest rate hikes and the outcome of the G20 summit later this week when political leaders will focus on global trade tensions.Spot gold was down...Read More
Despite the risk-off tone on Friday, gold dropped 0.4% to USD1223/oz. Gold is currently trading at $1222.41/oz with a high of $1224.79/oz and a low of 1222.17/oz. After rising from a low of $1196, the precious metal dropped on Friday despite there being a risk of mood with investors returning in the US from Thanksgiving Thursday for just half a day's trade on Wall Street. On ligh...Read More
A report by Fitch Solutions states that the period 2018-2022 is seeing a growth in gold production because slightly higher prices and stronger company financials are encouraging greater mine investment."We forecast global gold production to increase from 104moz in 2018 to 115moz by 2022, averaging 2.6% annual growth," the document reads."We expect gold prices to continue to head higher, averaging...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Monday November 26, with downside pressure emerging amid broad strength in the US dollar index and continued global trade tensions.The three-month zinc price fell by 1.2% over the day to show the biggest losses over the afternoon, while volumes traded on the exchange were high at 12,375 lots by the close o...Read More
Copper prices on New York's Comex were little changed in morning trading on Monday November 26 amid scant trading activity and few market drivers being apparent ahead of a major trade meeting.The copper price for December settlement on the Comex division of the New York Mercantile Exchange in the United States fell by 0.30 cents to $2.7635 per lb.Later this week, US President Donald Trump and Chin...Read More