Nov 13, 2018 Guest(s): Patrick Ceresna Founder & Chief Derivative Market Strategist, Big Picture Trading Investors should brace for a possible bear market in equities for 2019, and there are a number of safe haven assets to turn to on top of gold, said Patrick Ceresna, founder and chief derivative market strategist at Big Picture Trading. "I think everyone's a little too bearish on treasury bond...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended modestly lower on Tuesday, a session after the blue-chip index fell 600 points on a selloff in tech shares.Home Depot Inc. (HD) fell slightly after the home-improvement retailer posted stronger-than-expected third-quarter earnings and raised its full-year profit guidance.Ap...Read More
(Kitco News)- A lack of fear in financialmarkets is keeping a lid on gold prices, according to Europe’s largestprecious-metals retailer.Despite the equity markets’continued correction following the worst month since the 2008 financial crisis,analysts at Degussa said in their latest market report that investors aren’tfleeing into gold because they aren’t afraid of a bear sto...Read More
Weekly Reports |Nov 13 2018As interest from financial investors and ongoing producer purchases continue to push up the uranium spot price, utilities are now in a hurry to top up supplies before year end.-UTC launches IPO-Purchases for year-end increasing-Utilities back in the gameBy Greg PeelAs producer purchases of uranium continue to underpin spot prices, with Cameco now having specifically disc...Read More
The decision by the United States Treasury to extend the deadline for US companies to wind down their contracts with Russian producer Rusal has had little effect on global aluminium premiums over the week ended Tuesday November 13, with the market still watching the backwardated December-January spreads. Rotterdam premiums unchanged; market focused on first-quarter deals MJP dips on backwardation...Read More
Gold could face further pressure if the metal falls below the$1,190-an-ounce area, says TD Securities. As of 8:12 a.m. EST, spot gold was 50cents higher at $1,200.75 an ounce but has been below $1,200 for the first timesince Oct. 11. “Messy European politics, along with a Fed which is set toremain on its tightening trajectory, have kept the dollar index above 97, whichcontinues to add to dow...Read More
Closing prices for base metals on the London Metal Exchange were mixed on Tuesday November 13, with lead the biggest positive move of the day while zinc failed to close above its nearby support level amid record-low LME inventories for both metals. The three-month lead price climbed over 1% today, recovering losses made at Monday's close and pushing above $1,950 per tonne to $1,952 per tonne at 5p...Read More
The annual global benchmark for copper treatment and refining charges (TCs/RCs) might show a small fall in 2019 because of the tightening supply of copper concentrates, according to Canada-based financial services provider BMO Capital Markets.Copper miners, led by Freeport and Antofagasta, and smelters, led by Chinese firms Tongling and Jiangxi Copper, are currently in the middle of contract negot...Read More
Bob Moriarty ArchivesNov 13, 2018I am at the end of a four-day trip to see Novo Resources’ projects at Karratha and Egina. I am leaving for London in about 24 hours but won’t be home until Saturday night. As soon as I get home I will do a full report on what I have learned on this trip. As an interested shareholder or potential shareholder, you need to read what I have found out before...Read More
Mumal Rathore, Shrutee SarkarBENGALURU (Reuters) - Euro zone GDP growth will hit a faster albeit still modest rate this quarter, allowing the European Central Bank to end its stimulus program next month as planned, despite economic and political concerns, a Reuters poll found.The Nov 8-13 poll of nearly 90 economists predicted economic growth of 0.4 percent this quarter, double the unexpectedly we...Read More
Stanley White, Leika KiharaTOKYO (Reuters) - Japan’s economy contracted more than expected in the third quarter, hit by natural disasters and a decline in exports, a worrying sign that trade protectionism is starting to take its toll on overseas demand.The 1.2 percent annualized contraction in July-September was more than the median estimate for 1.0 percent growth in annual terms. It followe...Read More
The domestic Chinese ferro-silicon market was stable in the week ended Friday November 9, while the European price stabilized after the prior week's drop and the US ferro-silicon spot market held week on week. Chinese suppliers focus on domestic market, export price lower on yuan depreciation Europe steadies losses, awaits outcome of industry conference US market focuses on long-term...Read More
Jack ChanPosted Nov 13, 2018GLD – on sell signal.***SLV – on sell signal.***GDX – on sell signal.***XGD.TO – on sell signal.***CEF – on sell signal.***GDXJ – on sell signal.***Speculation remains at multi decade low, but short covering has begun with specs back to net long.Speculation remains at multi decade low, but short covering has begun.Two observations:#1...Read More
TOKYO (Reuters) - Japan’s economy contracted in the third quarter, hit by natural disasters and a decline in exports, a worrying sign that trade protectionism is starting to take its toll on overseas demand.The 1.2 percent annualized contraction in July-September was more than the median estimate for 1.0 percent growth in annual terms. It followed a robust 3.0 percent annualized growth in th...Read More
Low-grade manganese ore prices ticked up again on better demand, while thin trading knocked high-grade prices. Low-grade prices rise againHigh-grade prices slideSilico-manganese holds in China, ferro-manganese stirs upwardHigh-carbon ferro-manganese ticks up in Europe, drops in United States Silico-manganese holds in Europe, US Low-grade manganese ore prices continued edging up on Friday Nove...Read More
(Kitco News) - It takes three times as much energy to produce one dollar’s worth of bitcoin than one dollar’s worth of gold, according to a new research study.More specifically, it requires seventeen megajoules of energy to digitally mine one dollar's worth of bitcoin versus five megajoules needed to physically mine the same value in gold, said the report titled ‘Quantification O...Read More
NEW YORK (Reuters) - Wall Street stock prices shed earlier gains on Tuesday while oil prices plunged on persistent concerns of weakening global demand.The U.S. benchmark S&P 500 stock index .SPX turned negative after energy stocks were depressed by falling Brent and U.S. crude futures. Oil prices tumbled 7 percent, with U.S. crude touching its lowest level in a year.Brent and U.S. crude exte...Read More
The decision by the United States Treasury to extend the deadline for US companies to wind down their contracts with Russian producer Rusal has had little effect on global aluminium premiums over the week ended Tuesday November 13, with the market still watching the backwardated December-January spreads. Rotterdam premiums unchanged; market focused on first-quarter deals MJP dips on backwardation...Read More
David GaffenNEW YORK (Reuters) - Oil’s slide accelerated on Tuesday, with U.S. futures suffering their steepest one-day loss in more than three years due to ongoing worries about weakening global demand and oversupply.U.S. futures closed down 7.1 percent, for a record 12th straight decline and the lowest since November 2017. More than 980,000 contracts changed hands, as funds shed positions....Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans"), will be hosting a pop-up retail location at Tsawwassen Mills, a shopping mall in Delta, BC that specializes in a mix of premium fashion brands and factory outlets.The launch of the pop-up shop is the latest addition to the Company's updated distribution model that focuses on the Company's transiti...Read More