The latest news and price moves to start the Asian day on Wednesday November 14.Base metal closing prices on the London Metal Exchange were mixed on Tuesday November 13, with lead showing 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. Read more in our live futures report.Here are how prices l...Read More
In the midterm elections that took place on Tuesday, November 6th, 2018, Democrats took control of the House of Representatives while Republicans expanded their majority in the Senate.While this outcome was to be expected, the financial impact of the midterm elections has been less clear.Stocks initially rallied following the election only to sink on Friday. What do the experts have to say about...Read More
The above chart shows daily price action of USDOLLAR:XAUUUSD. The ratio’s orange 13-day EMA has crossed above the black 34-day EMA (red ellipse). This effectively puts the EMAs into a bullish formation. I.e. the green 5-day EMA > the orange 13-day EMA > the black 34-day EMA. This is indicative that the greenback is outperforming the precious metal. Note: All information on t...Read More
The latest metal markets news and price moves to start the North American day on Tuesday November 13.Base metals on the London Metal Exchange were predominantly higher during morning trading on Tuesday November 13, with upward price action largely impervious to a continued surge in the US dollar index and optimism over US-China trade relations boosting commodity investments.Here's how base metals...Read More
Gold has come under renewed downward pressure since the Fed's meeting (November 8).Speculators continue to normalize their bearish positioning in Comex gold, the CFTC shows.ETF investors cut slightly their gold holdings last week, according to FastMarkets.The outcome of US midterm elections (November 6) should be dollar-negative.I continue to expect a strong rebound in gold prices into year-end....Read More
Good morning from Fastmarkets' offices in Asia as we bring you the latest news and pricing stories on Tuesday November 13.Base metals prices on the Shanghai Futures Exchange (SHFE) were broadly down during Asian morning trading on Tuesday November 13, pressured by a stronger US dollar, meanwhile zinc made moderate gains on falling stocks. Check Metal Bulletin's live futures report here. The US Sec...Read More
Peter KrauthA renewed surge in strength for the U.S. dollar sunk gold prices over the past week, but we're about to enter gold's strongest season of the year.As the U.S. Dollar Index (DXY) made a renewed run to about 97.50, stocks and commodities suffered the consequences.It seems the White House is being pressured by big business to finally cut a deal with China, which U.S. President Donald Trump...Read More
• A modest USD uptick prompts some fresh selling at higher levels. • Improving risk-sentiment further collaborate to the intraday slide. • Fed rate hike expectations should keep a lid on any attempted rebound. Gold surrendered early modest recovery gains and dropped to fresh one-month lows, below the key $1200 psychological mark...Read More
Fremont Gold (TSX.V: FRE) is in need of funds to undertake further drilling at its Gold Bar and Gold Canyon projects in Eureka County, Nevada. The Vancouver-based company intends to complete a non-brokered private placement of up to 7,200,000 units at a price of $0.14 per unit for gross proceeds of up to $1 million.In a media statement, the miner said each unit will be comprised of a common share...Read More
• The ongoing USD retracement helped limit early downslide. • Risk-on mood keeps a lid on any meaningful up-move. Gold quickly reversed a dip to fresh one-month lows, albeit struggled to build on the recovery move and remained well below session tops. The commodity stalled its recent bearish trajectory and showed some resilience belo...Read More
Gold is clinging to the uptrend line coming in at down to 1196....We have the weekly S1 from Pivot Points @ 1198....and the daily S1 @ 1195....so there are 3 good reasons to buy Gold at lower levels we have the order in....we just need it to drop a smidge lower....or buy @ market if it doesn't get these within the next hour... Gold has come down a lot from being contained by the 200 week MA @...Read More
Published 20 Hours AgoUpdated5 Hours AgoReuters Gold edged back above $1,200 an ounce on Tuesday and was on track to rise for the first trading session in eight, recovering losses as the dollar paused in a rally that had taken the currency to 16-month highs.The dollar has benefited over the last week from expectations for further U.S. interest rate hikes, as well as concerns over Italy's budget an...Read More
Back with a critical update on the current state of the silver market rigging and manipulation, including the CFTC's silence on the matter, here's Bix...by Bix Weir from Road to RootaThe CFTC just bragged about cracking down on Crypto Market Spoofing while staying SILENT on Silver Market Spoofing!! 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
While the winter season begins in China, the ferrous market is wondering whether Chinese steelmakers will continue to move toward higher-grade, lower-impurity iron ore - an affinity they have demonstrated over the last two years.This affinity is the result of the Chinese government's policy shift that put more focus on protecting the environment as well as its supply-side reforms for the steel ind...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 Comex copper price staged a modest recovery in the US morning on Tuesday November 13, with the dollar index showing some weakness and allowing the price to climb.The copper price for December settlement on the Comex division of the New York Mercantile Exchange recovered 1.75 cents to $2.6940 per lb.Also, renewed hopes for a US-China trade deal is lending support to the metals...Read More
Gold prices on Monday settled lower for a third straight session as a popular gauge of the dollar strengthened to its highest level in more than 17 months, weighing on demand for the precious metal. December gold GCZ8, +0.09% lost $5.10, or 0.4%, to settle at $1,203.50 an ounce, after posting a drop of 2% last week, falling nearly 1.4% on Friday alone. Monday marked the lowest finish for a most-...Read More
Seaborne coking coal prices were mostly flat on Tuesday November 13 amid inactivity in the spot market.A cargo of second-tier hard coking coal was sold to an end user in southern China at around $195 per tonne fob Australia, market sources told Fastmarkets. They said the cargo was part of a term contract for the month of December."Though this is not a spot transaction, it is still rather closely a...Read More
British Columbia-based AJN Resources (CSE: AJN) announced today that the company has acquired additional claims at the Salt Wells lithium project, located in western Nevada, 25 kilometres southeast of Fallon.With this acquisition, the company's claims grew from 78 to 105, and now total 850 hectares. These claims cover several major northwest trending faults that were detected by a magnetotellurics...Read More