LONDON (Reuters) - A Brexit deal is now firmly in sight and should be finalised by November 21, Brexit Secretary Dominic Raab said in a week-old letter to a lawmaker published on Wednesday that briefly sent sterling sharply higher.The United Kingdom and European Union have resolved most differences, though the issue of Northern Ireland remains, Raab said in the letter, dated Oct. 24 and sent to Hi...Read More
LONDON (Reuters) - British Prime Minister Theresa May on Wednesday backed a U.S. call for a cessation of hostilities in the Yemen war, a conflict that has killed at least 10,000 people and brought on the world’s worst humanitarian crisis.Yemen’s plight and the role of Saudi Arabia in the war have taken center stage after the killing of Saudi journalist Jamal Khashoggi at its embassy in...Read More
PARIS (Reuters) - European planemaker Airbus softened its key target for jet deliveries on Wednesday and warned that reaching it would be a “greater stretch” after a sequence of industrial problems.The cautious tone on deliveries - which implied a 2 percent cut in the annual target by changing its parameters to include a recently acquired Canadian jet - came despite higher than expecte...Read More
Prices for iron ore fines weakened on Wednesday October 31 in a cautious market, while lump premiums traded higher.MB 62% Fe Iron Ore Index: $75.71 per tonne cfr Qingdao, down $1 per tonne. MB 62% Fe Pilbara Blend Fines Index: $74.74 per tonne cfr Qingdao, down $1 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $80.13 per tonne cfr Qingdao, down $0.04 per tonne. MB 58% Fe Premium Index: $67.42 pe...Read More
Ferrous futures mostly ended morning trading on a slight uptick on Wednesday October 31 following a steep decline during Tuesday night's session.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,146 yuan ($595) per tonne, up 11 yuan per tonneJanuary hot rolled coil: 3,793 yuan per tonne, down 2 yuan per tonneDalian Commodity Exchange January iron ore: 533 yuan per...Read More
Reuters) - Yum Brands Inc (YUM.N) beat Wall Street estimates for third-quarter revenue and profit on Wednesday, as strong sales at KFC and Taco Bell more than made up for further weakness at Pizza Hut, sending its shares up as much as 5 percent.Competition between big U.S. fast food chains has intensified as Yum, McDonald’s Corp (MCD.N) and Domino’s Pizza Inc (DPZ.N) try to lure cash c...Read More
CloseGain/LossGold $1216.90-$6.70Silver$14.28-$0.20XAU64.28-1.77%HUI142.82-1.66%GDM525.44-1.36%JSE Gold1163.80-6.70USD97.01+0.02Euro113.25-0.20Yen88.62-0.03Oil$65.31-$0.8710-Year3.147%+0.028T-Bond138.25-0.65625Dow25115.76+0.97%Nasdaq7305.90+2.01%S&P2711.74+1.09% The Metals: Gold fell $11.50 to $1212.10 by midmorning in New York before it bounced back higher at times, but...Read More
By Ira EpsteinDollar rally kills gold rally. https://www.iraepstein.com/ Read More
TSX Venture Exchange (TSX-V): GRG Frankfurt Stock Exchange (FSE): G6A OTCQB Venture Market (OTCQB): GARWF VANCOUVER, Oct. 31, 2018 /CNW/ - Golden Arrow Resources Corporation (TSX-V: GRG, FSE: G6A, OTCQB: GARWF), "Golden Arrow" or the "Company") is pleased to announce that the Company has entered into a Definitive Agreement (the "Agreement") to acquire up to 100% of the Indiana gold-copper p...Read More
By Craig HemkeA small move in price enables The Banks to lay the shorts right back on. Just three weeks ago, we warned you to ignore newsletter pundits who were claiming that one day soon, The Banks that operate on the COMEX will be long and on the side of the regular investor/stacker. As with all nonsense, this sentiment ignores reality. Before reading further, I urge you to read this post from...Read More
By David SmithLast month in this space, I penned an essay titled "Are Silver and Gold 'at the Flood'"?. A few weeks later, two other essays on another widely-read site discussed this topic from the same perspective and sourcing - a case of "great minds thinking along similar lines"?Please take time to read or review that Money Metals Exchange Post of August 28.I made the case of a misalignment i...Read More
By Avi GilburtI am starting to see evidence of serious stress from investors based upon the tone of the some of the comments I am seeing in my articles on the market. Well, at least from those who did not heed my warnings.In fact, even though I warned about this type of drop well before it happened, some investors were taking their anger out on me even though the market did exactly what I warned...Read More
Is it safe to go back in the water? Merely asking that question is to suggest that only an imbecile would dive fearlessly back in the drink. Even so, there are most surely enough imbeciles to keep stocks buoyant in the days or even weeks ahead. If they eventually are joined by panic-stricken bears as sometimes happens, we could see a rally capable of persuading otherwise sane folks on the sideli...Read More
(by Reuters from BOSTON, LBMA)The price of gold is expected to rise to $1,532 an ounce by October next year, delegates to the London Bullion Market Association's (LBMA) annual gathering predicted on Tuesday.Gold in USD (10 Years)A poll of delegates at the LBMA conference in Boston also predicted higher prices in a year's time for silver, platinum and palladium.Spot gold has had a difficult few m...Read More
Vietnam's Formosa Ha Tinh Steel Corp will add a considerable amount to Asia's billet supply with the full operational capacity of a new 1-million-tpy semi-continuous caster.The new billet mill has a capacity of 1 million tonnes per year of various steel grades as part of its first phase. It will have a capacity of up to 2 million tpy after a second expansion, equipment maker SMS group said on Octo...Read More
NEW YORK (Reuters) - U.S. consumers filed fewer loan applications to buy and refinance homes, while home borrowing costs were mixed with 30-year mortgage rates unchanged on the week, the Mortgage Bankers Association said on Wednesday.The Washington-based industry group said its seasonally adjusted index on mortgage requests fell 2.5 percent to 329.5 in the week ended Oct. 26. It hit 322.1 two week...Read More
SEATTLE/ORLANDO, Fla. (Reuters) - SpaceX Chief Executive Officer Elon Musk flew to the Seattle area in June for meetings with engineers leading a satellite launch project crucial to his space company’s growth.Within hours of landing, Musk had fired at least seven members of the program’s senior management team at the Redmond, Washington, office, the culmination of disagreements over th...Read More
Rebar prices continued to rise in north China on Wednesday October 31, while those in the eastern region held steady amid ongoing transportation restrictions ahead of a major event in Shanghai. Domestic Eastern China (Shanghai): 4,670-4,700 yuan ($670-675) per tonne, unchangedNorthern China (Beijing): 4,480-4,520 yuan per tonne, up 30-40 yuan per tonneTrading activity was high in the northern regi...Read More
BERLIN (Reuters) - A slim majority of Germans would like the Social Democrats (SPD), junior partners in Angela Merkel's coalition, to leave the government, with only the supporters of the chancellor's own conservatives keen for them to stay, a poll showed.The survey, conducted by pollster Civey for news portal t-online.de, strengthens the hand of the SPD's more radical wing, who say that the party...Read More