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IRON ORE DAILY: Prices still rangebound, market awaits full impact of cyclone on Australian output

March 27, 2019 / www.metalbulletin.com

Physical iron ore prices stayed rangebound for a second day on Tuesday March 26 as market participants waited on news of the full impact of Cyclone Veronica on Australian iron ore operations.MB 62% Fe Iron Ore Index: $85.23 per tonne cfr Qingdao, down $0.58 per tonne. MB 62% Fe Pilbara Blend Fines Index: $84.35 per tonne cfr Qingdao, down $0.58 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $87....Read More

Gold Standard Ventures hits thick intervals of oxide gold at Dark Star in Nevada

March 26, 2019 / www.mining.com

Reverse circulation drilling to the north of the Dark Star deposit at Gold Standard Ventures' (TSX: GSV) Railroad Pinion project in Nevada's Carlin Trend has intersected thick zones of oxide gold.Drill hole DR19-15 returned 22.9 metres of 1.92 grams gold, including 13.7 metres of 3.04 grams gold, and drill hole DR19-26 intersected 16.8 metres of 2.58 grams gold. The two step-out holes were drilled...Read More

NY County Declares Measles State of Emergency, Bans Unvaccinated Minors From Public Spaces

March 26, 2019 / marketsanity.com

"We believe this to be the first such effort of this kind nationally and the circumstances we face here clearly call for that...Rockland will lead the way in service and safety to the people here."Continue...Read More

The mining industry has had it easy for far too long - opinion

March 26, 2019 / www.mining.com

When should modern Americans care about legislation signed into law by President Ulysses S. Grant? When it causes deep environmental damage, deprives the federal treasury of billions, privileges one industry over others, practically gives away public lands, and hasn't been significantly altered in almost 150 years.The law in question is the General Mining Act of 1872, which governs the harvesting...Read More

The Staggering Amount Of Gold & Silver Investment Since The 2008 Financial Crisis

March 24, 2019 / marketsanity.com

That turns out to be 520 million oz of gold and a nearly 2 billion oz of silver. Now, these Continue...Read More

Argentina mining gets Macri boost as tough election looms

March 26, 2019 / www.mining.com

Argentina is eyeing its first major new mining project in two decades, nudged forward by President Mauricio Macri's market-oriented policies. But there's no guarantee he'll be around to take credit.Argentina's economy is tanking with the central bank hiking interest rates to ease inflation and save the peso, the worst-performing currency in emerging markets. That could put Macri on shaky ground as...Read More

EPA chief recused from Bristol Bay mine his former law firm represented

March 26, 2019 / www.mining.com

EPA Administrator Andrew Wheeler is formally recusing himself from agency reviews and permitting decisions on a proposed gold and copper mine near Alaska's Bristol Bay amid criticism his former law firm represented the developer.Wheeler promised to steer clear of matters involving the controversial Pebble Mine in an updated March 20 recusal statement, two years after his former employer, Faegre Ba...Read More

Pancontinental acquiresbattery and energy metals project in Ontario

March 26, 2019 / www.mining.com

Pancontinental Resources (TSXV: PUC) announced this week the acquisition of the St. Laurent project, located in the eastern Canadian province of Ontario.Pancontinental is purchasing the property from 2681891 Ontario Inc., with whom the company entered into an option agreement. To earn a 100% interest, the Toronto-based miner has to pay a total of $145,000 in cash and issue 1,850,000 common shares...Read More

Galantas to increase gold processing at its Northern Ireland mine

March 26, 2019 / www.mining.com

Dual-listed Galantas Gold (TSX, LON:GAL) is expanding capacity of the processing plant at its Omagh mine in Northern Ireland, with the goal of producing 2,000-2,5000 ounces of concentrate per month in the 2020-21 financial year.The company, which is already running an extended dayshift, plans to add a second milling shift late in the June quarter. More shifts will be added in the September quarter...Read More

CIS STEEL BILLET: Sales to Algeria drive renewed trading activity

March 27, 2019 / www.metalbulletin.com

Trading activity in the CIS export billet market enlivened toward the end of March amid renewed demand from North Africa, and Algeria in particular.An Algerian long steel producer booked two lots of Russian billet, each of 20,000 tonnes, scheduled for shipment in April at $492 per tonne cfr.The deals were not included in the calculation of Fastmarkets' CIS export...Read More

Jamie Dimon Laments the Plight of the Poor While His Bank Pays 0.02% on CDs

March 25, 2019 / marketsanity.com

JPMorgan Chase's CEO, Jamie Dimon, gave a CNN interview last week in which he said that the U.S. economy is "fundamentally anti-poor." Continue...Read More

Economic Data Keeps a Lid on Stock Market Gains

March 26, 2019 / www.schaeffersresearch.com

Apple headwinds also pulled indexes off their session highsThe Dow jumped to a 279-point lead in early trading, as Wall Street cheered stabilizing bond yields following last week's post-Fed recession scare. Optimism ahead of high-level U.S.-China trade talks and a bouncing bank sector also buoyed stocks. The Dow, S&P 500, and Nasdaq all settled well off their intraday highs, though, on a batch of...Read More

The Answer to This Roller Coaster Market

March 26, 2019 / www.schaeffersresearch.com

Artificial intelligence may revolutionize trading.Sometimes watching the market can feel like riding a roller coaster.Many investors feel glued to the news, watching the market rise and fall hundreds of points, day after day, week after week.But savvy traders know these market conditions mean huge profit potential for anyone that knows how to trade them.And one "secret" that more and more traders...Read More

CHINA REBAR: VAT cut pessimism weighs on domestic prices

March 27, 2019 / www.metalbulletin.com

China's domestic rebar prices resumed their downward trend on Tuesday March 26 after holding steady for a day, with bearish sentiment brought about by the upcoming decrease of value-added tax in the country weighing on the market. Domestic Eastern China (Shanghai): 3,800-3,850 yuan ($566-573) per tonne, down 30-40 yuan per tonneNorthern China (Beijing): 3,820-3,860 yuan per tonne, down 10-20 yuan...Read More

IRA/401K Investment Guide: 2019 Stock Market Crash

March 25, 2019 / www.schaeffersresearch.com

Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis. Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2019 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intellig...Read More

How Legal Marijuana Could Deliver +10,000% Returns

March 26, 2019 / www.schaeffersresearch.com

The passage of Bill C-45 could be a signal to early investors that pot stocks are ready to pop.With Bill C-45 now in effect, it's possible that in the very near future, investors may be seeing stock market gains that will never be seen again. This is a sentiment echoed by The New York Times, which reported that when this bill passes as expected, it will "completely legalize marijuana as a consu...Read More

Drug Stock Scales Nasdaq, Squeezes Shorts on Upbeat Trial Data

March 26, 2019 / www.schaeffersresearch.com

Cantor Fitzgerald is already bullish on ALDX's big breakthroughThe Dow is modestly higher today, thanks to a resurgent tech sector. Of the stocks making particular noise today, blue chip McDonald's Corp (NYSE:MCD), biotech Aldeyra Therapeutics Inc (NASDAQ:ALDX), and mining name Freeport-McMoRan Inc (NYSE:FCX) are all climbing. Here's a quick look at what's got the shares of MCD, ALDX, and FCX mov...Read More

China Stock Sends Up Buy Signal

March 26, 2019 / www.schaeffersresearch.com

Chinese e-commerce stock Baozun just met up with a reliably bullish trendlineShares of the Chinese e-commerce company Baozun Inc (NASDAQ:BZUN) have slowly been making a comeback after hitting new annual lows towards the end of December. Now, the stock is up 28.4% year-to-date, and in today's session has gained 1.7% to $37.53. However, it's not too late to get in on BZUN's comeback -- the stock jus...Read More

Teva Pharmaceutical Option Bull Makes a Bold Bet

March 26, 2019 / www.schaeffersresearch.com

TEVA is in the news after Purdue Pharma settled in an Oklahoma opioid lawsuitTeva Pharmaceutical Industries Ltd (NYSE:TEVA) is in the news today, after OxyContin maker Purdue Pharma and several members of the Sackler family, which own the company, reached a $270 million settlement with the state of Oklahoma over a 2017 lawsuit that accused Purdue Pharma, Johnson & Johnson (JNJ), and Teva Pharmaceu...Read More

Pre-Earnings Options Bulls Flock to Lululemon Stock

March 26, 2019 / www.schaeffersresearch.com

LULU recently breached its 50-day moving averageYoga apparel retailer Lululemon Athletica inc. (NASDAQ:LULU) is down 1.1% at $145.03 in afternoon trading, as traders gear up for the company's fourth-quarter earnings -- set for release after the market closes tomorrow, March 27. Below, we will take a look at dig into how LULU has been faring on the charts, and see what the options market is pricin...Read More

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