Steel billet import prices into Egypt fell this week, while local rebar prices remained unchanged, sources said on Thursday January 3.Fastmarkets MB's weekly price assessment for steel billet imported into Egypt was $435-440 per tonne cfr on Thursday, falling from $440-445...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Jordan Roy-Byrne, Founder of The Daily Gold looks into the precious metals sector in terms of gold and silver prices as well as the stock ETFs. Things are looking much better for the precious metals complex heading into 2019 but it's not a clear cut bull market just yet. There are some key other markets to watch that could further push for the move into PMs. Jordan Roy-Byrne, CMT is a Chartered Ma...Read More
Top GainersExchangeSymbolChartCurPricechg | %SinofertHKEX00297HKD0.870.022.30Israel ChemicalsTASEICLILS19.170.351.86K+SFWBSDFEUR16.380.281.74FMCNYSEFMCUSD82.041.361.69Compass MineralsNYSECMPUSD57.530.110.19Top DeclinersExchangeSymbolChartCurPricechg | %AlbemarleNYSEALBUSD68.94-1.83-2.59MosaicNYSEMOSUSD23.47-0.59-2.45OrocobreASXOREAUD3.02-0.03-0.98NutrienTSXNTRCAD72.01-0.47-0.65Intrepid PotashNYS...Read More
Stock quotes of diamond mining companiesCompanyStockExchangeTickerPriceper shareChange(%)Market capitalization(in local currency and USD)ALROSAMICEX- RTSALRS75.200RUB0.000%553,845,415,376.00RUB9,784,926,219.00USDALROSA-NyurbaMICEX- RTSALNU163,000.000RUB0.000%130,400,000,000.00RUB2,303,809,589.00USDAfri-Can Marine MineralsCVE-AFAAFA0.000CADnan%0.00CAD0.00USDDiamond Fields International Ltd.TSX Vent...Read More
In what the company calls an industry breakthrough, Arizona based Urbix Resources has produced the first economically viable graphene-enhanced lightweight concrete.Urbix's research and development team created what they call a 'Graphenesque' additive that provides a 33% increase in compressive strength, a 32% reduction in CO2 emissions, and at a cost that is over 16% lower than the next best light...Read More
Over the last few days, we have seen market sentiment shift from an overall bullish demeanor in regard to U.S. equities to a bearish outlook. The Dow Jones Industrial Average has now lost over 5% in trading since Wednesday, with a net decline of over 1,300 points in just two days of trading. Following yesterday????s decline of over 800 points in the Dow, today traders continued their liquidation s...Read More
Merger and acquisitions in the precious metals sector are gaining momentum following Barrick's recently announced $6.1 billion-deal to acquire Randgold Resources.Shortly after, Canada's Americas Silver (TSX:USA) announced it was buying Pershing Gold (Nasdaq:PGLC) for $50.78 million in an all-stock deal."This transaction aligns with our stated initiative of building a profitable and low-cost precio...Read More
A Canadian company focused on develop mining technologies and robotics for the resource sector is partnering with Moon Express, the first American private space exploration firm to have been granted government permission to travel beyond Earth's orbit, on future opportunities in outer space.Northern Ontario-based Deltion Innovations will help Florida-based Moon Express collect, process, store a...Read More
Equities got clobbered onWednesday and this morning we are seeing some follow-through to the downside.Gold and silver rallied on Wednesday but not as much as you would have thoughtbased on the trashing of equities. However, both are joining the Jeffersonsthis morning and are “moving on up.”As we have written many times, wedon’t look at gold as a safe-haven play; we look at it as...Read More
Canada's Leagold Mining (TSX:LMC) has had to temporarily shut down its Riacho dos Machados (RDM) mine in Brazil as a result of continued drought conditions in the country's Minas Gerais State.The Vancouver-based miner said it planned to resume operations in early December, with the commissioning of the grid powerline project.RDM was closed in August last year and restarted, on an intermittent basi...Read More
(Kitco News) - Gold bullstoday got a quadruple dose of bullish fuel that boosted prices to nine-weekhighs and above the recent sideways trading range. Today’s surprising gains ingold set the table for sideways-to-higher price action at least into the end ofthe year. December gold futures were last up $32.70 an ounce at $1,226.20.December Comex silver was last up $0.269 at $14.60 an ounce. H...Read More
(Kitco News) - With this overdue gold rally finally setting in and gold prices at six-week highs, analysts are anxiously eyeing the next key resistance level in hopes of seeing a sustainable move up.Following global equity sell-off and weaker-than-expected U.S. inflation data, gold finally saw the strength that was sorely missing these past six months.December Comex gold futures powered to six-wee...Read More
(Kitco News) - The CNN Fear & Greed Index is currently at 7 - the “Extreme Fear” category, which is anotch lower than Wednesday’s close at 8, when the Dow Jones Industrial Averageplummeted more than 800 points.The index tracks seven indicators to gauge investor sentiment inthe markets: stock price momentum, stock price strength, stock price breadth,put and call options, junk...Read More
President Donald Trump continued to attack the Federal Reserve on Thursday, criticizing Chairman Jerome Powell as being too stringent with monetary policy.He blamed the Fed for causing a massive drop in stocks this week.Despite the criticism, Trump says he will not fire Powell.Michael Sheetz | Thomas Franck Published 9 Hours AgoUpdated6 Hours AgoCNBC.com show chapters President Trump continues...Read More
(Kitco News) - With Dow Jones Industrial Average plunging more than 800points on Wednesday and gold climbing more than 2% on Thursday, are investorsfinally giving up on risk assets and shifting their weight to gold? The Denver Gold Forum was a mixed bag when it came tosentiment in gold. There’s no denying, however, that the following threespeakers had the most unequivocal, bullish outlook. C...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average and the S&P 500 fell sharply again Thursday as volatility ripped through markets for a second day. The S&P 500 has closed lower for six straight days.The Nasdaq declined into correction teritorry on Thursday, a day after the tech-heavy index had its biggest percentage drop since June...Read More
Gold-backed global exchange-traded funds posted a largeinflow Wednesday, says Commerzbank. This came as the U.S. Dow Jones IndustrialAverage fell by more than 800 points. Meanwhile, “the gold ETFs tracked byBloomberg registered an inflow of around eight tonnes yesterday,” Commerzbanksays. “This is attributable to the SPDR Gold Trust in the U.S. and was thefirst daily inflow into...Read More
(Kitco News)- Gold finds its legs after the crush in global equity marketsyesterday. The rising yields with the uncertainty of the trade war with Chinabecame too much for equity investors and the herd headed for the exits. Thescenario suggests that it was a safe haven play, but generally when equitiescollapse the first move for gold is lower, as investors raise cash to meetmargin calls. This move...Read More
Editor's Note: Updating earlier story with more details from report.(Kitco News) - Goldextended early gains after Labor Department data Thursday showed that initialweekly U.S. jobless claims rose by 7,000 to a seasonally adjusted 214,000in the week to Saturday. Consensusexpectations compiled by various news organizations had called for initialclaims to be around 205,000 to 207,000. The govern...Read More