Iranian billet exporters increased prices for foreign customers in the week ended Wednesday March 13, following improved demand in the major outlets.Several cargoes of billet scheduled for shipment in April were reported sold to Asia around $395 per tonne fob.But there were also several cargoes on the same delivery terms sold to North Africa and Asia within the range of $400-405 per tonne fob.In s...Read More

The weed stock tagged a record peak out of the gateThe shares of Aurora Cannabis Inc (NYSE:ACB) are trading up 11.2% at $8.89, fresh off a new per-share record high of $8.92. Boosting the weed stock is news Nelson Peltz has signed on as a strategic advisor, and will work with the cannabis company to explore possible partnerships and expand its global reach.ACB stock is fresh off a three-day winnin...Read More

VANCOUVER, British Columbia, March 13, 2019 (GLOBE NEWSWIRE) - Chemesis International Inc. (CSE: CSI) (OTC: CADMF) (FRA: CWAA) (the "Company" or "Chemesis"), announces its wholly owned subsidiary, La Finca Interacviva-Arachna Med ("La Finca") commences the process towards large scale cultivation. The Company, which received its Seed Producers License in January, is now able to export its hig...Read More

Wall Street analysts are very bullish on AERI sharesAerie Pharmaceuticals Inc (NASDAQ:AERI) is trading up 7.8% this morning at $49.38, after the company said the Food and Drug Administration (FDA) approved Rocklatan, a treatment for glaucoma patients. This will be the second drug to hit the market for AERI, and an analyst at Stifel expects FDA approval for Rocklatan to provide a boost to Aerie's r...Read More

Prices for hollow steel sections in the domestic Northern European market were stable on Wednesday March 13, while prices in Southern Europe edged up for the second consecutive week, market sources have told Fastmarkets.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was unchanged week on week on Wednesday at ?,?630-650 ($710-733...Read More

Durable goods orders rose in January for the third straight monthDow Jones Industrial Average (DJI) futures are pointed cautiously higher this morning, trying to shake off headwinds from the controversy surrounding Boeing's (BA) 737 MAX 8 aircraft. Global tensions remain high, as Britain's parliament will vote later today on whether to leave the European Union (EU) without a Brexit deal. Futures...Read More

Here are five Fastmarkets MB stories you might have missed on Wednesday March 13 that are worth another look.Moves to enhance electronic trading on the London Metal Exchange are not a back-door attempt to close the ring, Europe's last open outcry trading floor, the exchange's chief executive officer said. The Singapore Exchange has seen a "tremendous uptick" in iron ore futures trading a...Read More

Gold could rise to $1,310 in the next 24 hours, having generated a strong bullish cue in late NY/early Asian session.  The yellow metal is currently trading at $1,304 per Oz - up 1.87 percent from the recent low of $1,280.  Prices crossed $1,300 in the overnight trade confirming an upside break of the bearish broadening channel on the 4-hour chart. The bullish breakout has strengthe...Read More

Highlights:  Stocks lost ground against bonds and gold. S&P 500 rejected the important resistance range of 2800-2820. The VIX bounced over 18% as volatility came back into the equities markets. Small caps were the worst performers from a factor perspective. Low volatility was the best performing factor. Bonds, Gold, and the US dollar had strong weeks. Growth continues to slo...Read More

Gold Mining Incorporated has the symbol GOLD on the Toronto Stock Exchange (TSX).Goldmining has about 23 million indicated and inferred ounces.This gold mining stock at $ 0.93 (Canadian) is a bargain.Goldbugs that are a bit superstitious will have their interest aroused when they learn that there is a gold mining company with the symbol GOLD, whose stocks can be bought on the Toronto Stock Exchang...Read More

UK Data Economic reports from the UK showed that the GDP rose 0.2% in the three months to January. On a quarterly basis, the economy picked up the pace, rising 0.5%. The gains came from an increase in IT, health services and wholesale trading. This offset the declines from manufacturing in metals, cars and construction repairs. Manufacturing production rose 0.8% on the month beating estimates of a...Read More

   •  The precious metal built on its recent bullish trajectory from six-week lows and continued gaining traction on Wednesday, marking the third day of positive momentum in the previous four.    •  The overnight sustained move above a confluence resistance - comprising of 200-hour SMA and 23.6% Fibo. level of the $1347-$1280 recent downfall was seen as a ke...Read More

Yesterday’s slightly weaker US inflation data weighed on the dollar and this helped to maintain the recent short-term bullish trend for the buck-denominated precious and some base metals like copper. The metals have extended their gains this morning, with gold hovering just above $1300 and silver trading around $15.50 per ounce. The fact that more central banks turned dovish last week is a p...Read More

Axel Merk, President and Chief Investment Officer of Merk Investments, sponsor of the VanEck Merk Gold Trust, joins us today to discuss gold delivery.OUNZ is the only ETF to offer a patented gold delivery process.When you own gold in the VanEck Merk Gold Trust, you have a pro rata ownership in the underlying gold. So, when you take delivery, nothing happens from a tax point of view with regard to...Read More

Aluminium was one the best performers on the London Metal Exchange on Wednesday March 13, because of stock outflows from LME sheds.The price of the three-month aluminium contract was up by $28 per tonne to $1,905 per tonne at the close of trading on Wednesday.Around 7,425 tonnes of aluminium left LME warehouses on Wednesday, with most of the outflows from Port Klang, Singapore and Rotterdam. Overa...Read More

The Comex copper price continued to push higher in the midweek session on Wednesday March 12 with potential supply disruptions supporting the market. The copper price for May settlement on the Comex division of the New York Mercantile Exchange inched up 0.55 cents to $2.9340 per lb. Codelco faces further delays in bringing back refined copper smelting at its Chuquicamata plant, which is now...Read More

Copper's three-month price on the London Metal Exchange could hit as high as $8,000 per tonne this year, Marex Spectron's head of market analytics Guy Wolf told delegates at Fastmarkets' International Copper Conference in Amsterdam on Wednesday March 13."My view is that we could see copper's three-month price on the LME move past $7,500 per tonne and reach $8,000 per tonne this year," Wolf said."I...Read More

Investing.com - Gold prices rose on Wednesday in Asia as traders opted for the safe-haven metal after U.K. Prime Minister Theresa May’s Brexit deal suffered another defeat in the British Parliament.Parliament rejected May’s withdrawal deal for the second time on Tuesday, raising concerns of a “hard-Brexit” scenario before the planned departure date on March 29.May would hol...Read More

Gold had a rough time since February 20.The ECB did not help the yellow metal.Another in a series of higher lows could be in the cards.Levels to watch in gold.Buying gold stocks - FNV offers value.Gold has been facing lots of adversity lately. On Friday, March 1, the price of the yellow metal dropped like a stone and took out the $1300 per ounce level. Last week, gold moved lower reaching a low th...Read More

   •  The prevalent cautious mood underpins the commodity’s safe-haven demand.   •  A modest USD rebound and positive US bond yields seemed to cap strong gains.   •  Traders now eye US durable goods orders data for some meaningful impetus. Gold held on to its positive tone through the early European session on Wednesday and remained...Read More