The leader of the world's largest bond fund says we shouldn't be too worried about the recessionary signal coming from the U.S. Treasury market.Continue...Read More
Eight men suffocated in an unauthorized gold mine in Peru after a tunnel they dug began spewing noxious fumes, local media reported on Sunday.Cesar Rondo, the only miner who survived the disaster, told local broadcaster RPP that the group became dizzy and suffered headaches in the tunnel. Rondo managed to drag himself out, but he lost his brother and colleagues inside.It was not clear who, if anyo...Read More
America's richest families are hoarding their cash at record levels. The top one percent have three times more in cash than the bottom halfContinue...Read More
ArcWest Exploration (TSXV: AWX) closed today the 100% acquisition of the Sparrowhawk property near Smithers, in the western Canadian province of British Columbia.In a press release, the Vancouver-based miner explained that it decided to go ahead with the purchase because the property is adjacent to two significant porphyry copper-gold deposits, including Glencore Canada's Bell and Granisle mines a...Read More
Stop me if you've heard this before. Precious Metals disappointed again.Continue...Read More
SBTV had a great conversation with Professor William L. Silber, a Professor of Finance and Economics at the Stern School of Business at the New York University. Tune in for an inside look into the speculative silver trades of the Hunt brothers and Warren Buffet and why they did it!Discussed in this interview:05:03 The story of the Hunt brothers and their silver07:55 Why the price of silver rose to...Read More
Canada's Pure Gold Mining (TSX-V: PGM) expects to begin trading on the main market of the London Stock Exchange this quarter and so lift its international profile ahead of its transition to producer from developer.The Vancouver-based company said it doesn't intend raising capital in conjunction with the admission of its shares.Listing seeks lifting Pure Gold's international profile ahead of its tr...Read More
Condor Gold (LON:CNR) said Monday that recent metallurgical test work on samples taken from its 100%-owned La India gold project in Nicaragua had confirmed 95.4% gold recovery in laboratory conditions.The gold recoveries, said the miner, are far better than the ones found during tests carried out in 2014, for preliminary feasibility study, which used material from drill core from the La India and...Read More
A sale of CIS-origin slab to Italy was heard agreed last week at a price lower than in other recent deals, sending the CIS export slab price assessment downward on Monday April 1.A cargo containing 25,000-30,000 tonnes of Ukrainian slab was reported sold to Italy at $510-512 per tonne cfr, equivalent to around $490 per tonne fob Black Sea. But market participants had expected such a development.Th...Read More
Eldorado Gold (TSX:ELD)(NYSE:EGO) has kicked off commercial production at its Lamaque mine located in Quebec, the company's first operation in the home country, expected to produce between 100,000-110,000 ounces of gold this year.Lamaque underground gold mine in Val d'Or, Quebec, is expected to produce up to 135,000 ounces of the precious metal a year in 2020 and 2021.Lamaque, which the Vancouver-...Read More
Sector expert Michael Ballanger discusses the pitfalls of market reversals and forecasting. As I reach end-of-week, end-of-month book-squaring, where all of my urgent e-mails and all of my myopic missives and all of my topical tweets are summarized in once terse and quite concise "Monthly P&L," I am astounded at the most recent example of how masterfully the Gold Cartel works in suckering invest...Read More
Monthly European alloy surcharges for stainless steel products have increased for April because of higher component costs, including those for nickel, molybdenum and ferro-chrome, Fastmarkets heard on Monday April 1.April surcharges for grade-304 cold-rolled (CR) stainless sheets - according to data released by Outokumpu, Acerinox and Aperam - have increased to ?,?1,423-1,430 ($1,596-1,604) per to...Read More
South Korea's government and major steelmaker Posco both oppose China's ongoing stainless steel anti-dumping investigation and claim that no trade measures should be imposed because Korean exports do not damage the Chinese domestic industry.Hot-rolled stainless steel produced in South Korea has significantly different applications, materials and prices from those of Chinese products, thus there is...Read More
The Chinese ferro-silicon price moved up in the past week in line with upstream costs while suppliers look to new consumer tenders expected in the coming days; new quarterly settlements have weighed on the spot market in Europe. China heads higher on upstream costs Chinese suppliers expect April consumer delivery tenders Europe dragged down on second-quarter deals US market rema...Read More
It was a broad-based rally on Wall Street Stocks had a strong showing today, rallying out of the gate for a convincing start to the second quarter. Traders cheered signs of improving economic conditions in China and the U.S., with tech shares leading the S&P 500 and Nasdaq higher. Still, strength was seen across the board, as the financial sector, including Dow components JPMorgan Chase, Goldman S...Read More
The brokerage firm downgraded the shares to "hold"It's a rip-roaring start to the second quarter, with the stock market rallying on upbeat global manufacturing data. Among individual stocks making notable moves are online family care marketplace Care.com Inc (NYSE:CRCM), marketing analytics firm Comscore, Inc. (NASDAQ:SCOR), and pulmonary disease specialist Pulmatrix Inc (NASDAQ:PULM). Here's a qu...Read More
A bearish signal just flashed amidst the gaming sector's Macau liftCasino stock Las Vegas Sands Corp. (NYSE:LVS) is higher, along with several sector peers, after Chinese gambling territory Macau reported well-received revenue data for March. As a result, the security is up 3.7% at $63.26 -- trading at a level not seen since early September. However, traders may not want to bet on LVS just yet. Th...Read More
The security tends to struggle in April, tooThe shares of Puma Biotechnology Inc (NASDAQ:PBYI) are down 9.3% to trade at $35.29, one of the worst stocks on the Nasdaq today, after the company inked an exclusive licensing deal with Pierre Fabre to develop and commercialize its cancer treatment, Nerlynx, in the European Union. The shares are likely suffering because, as analysts at Guggenheim and...Read More
Craig-Hallum believes the Apple troubles could persist for CirrusFabless semiconductor concern Cirrus Logic, Inc. (NASDAQ:CRUS) is trading sharply lower today, after Craig-Hallum said the company's adaptive noise cancellation (ANC) is not in the new Apple AirPods 2, according to iFixit teardown. What's more, the brokerage firm suggested more Apple-related headwinds could be in store, since its cha...Read More
Speculators are gambling on more short-term upsideCasino stocks are mostly higher today, thanks to the latest data out of gambling enclave Macau. Specifically, while Macau revenue fell 0.4% year-over-year in March, it was the biggest month of 2019 and was in line with expectations. In addition, optimism about U.S.-China trade relations is also likely boosting stocks with exposure to both countries...Read More