Findings suggest a significant new style of mineralization is present there. Lion One's Tuvatu ProjectLion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced in a news release that the first set of diamond drill results from its Tuvatu project in Fiji are strong and include the longest mineralization interval seen there to date.These initial findings are from six holes drilled in the northern par...Read More
China's rebar prices were unchanged on Wednesday June 26 amid softer spot demand and a slight rise in the futures market. Domestic Eastern China (Shanghai): 3,900-3,950 yuan ($567-574) per tonne, unchangedNorthern China (Beijing): 3,770-3,800 yuan per tonne, unchangedRebar futures edged up during the day but failed to push up spot prices.Continual rain in eastern China this week dampened end-user...Read More
Japan's Tokyo Steel has cut its ferrous scrap purchase price for the sixth time in June on the back of squeezed margins and weak demand.The country's largest operator of electric-arc furnaces, and the domestic benchmark price-setter for ferrous scrap, lowered its purchase prices by ?500-1,000 ($4.67-9.34) on Wednesday June 26.The reduction resulted in the mill paying ?27,000 per tonne...Read More
Key data from the Fastmarkets' Wednesday June 26 pricing session in Europe.Key drivers The European ferro-titanium price fell for the fifth consecutive week after six weeks of stability. Demand has been quieter since an initial bout of short-covering in mid-April when major European producer FE Mottram stopped production after a fire damaged its UK plant.FE Mottram aims to restart production aroun...Read More
* Bitcoin at 18-month high* Analysts point to safe-haven bids, Libra enthusiasm * Biggest cryptocurrency up more 260% since January * Bitcoin's CME futures spur buying activity (Adds analyst comments, new bitcoin high, updates prices, addsNEW YORK to dateline)By Gertrude Chavez-Dreyfuss and OLGA COTAGANEW YORK/LONDON, June 26 (Reuters) - Bitcoin jumped to an18-month high on Wednesday, as investors...Read More
* GRAPHIC-2019 asset returns:* First copper resistance at $6,070/T (Adds comment, closing prices)By Pratima DesaiLONDON, June 26 (Reuters) - Copper prices hit five-weekhighs on Wednesday after U.S. Treasury Secretary Steve Mnuchinsaid a U.S.-China trade deal was 90% complete, but gains werecapped by concern about demand in top consumer China. Benchmark copper on the London Metal Exchange closeddow...Read More
Domestic prices for hollow steel sections in Northern and Southern Europe narrowed this week on a lack of imports and higher feedstock costs but this could be short lived when import quotas renew next week, sources told Fastmarkets on Wednesday June 26.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was ?,?630-640 per tonne ($717...Read More
(Adds comments, background)By David Milliken and Andy BruceLONDON, June 26 (Reuters) - Bank of England Governor MarkCarney said the BoE would only cut its economic forecasts toreflect the risk of a no-deal Brexit if Britain's next primeminister makes leaving the European Union without a transitionagreement his preferred policy."In the event that the policy of the government were toswitch, the...Read More
The short-term chart shows an accumulation zone of between $14 and $15, with upper trading zones of $15 to £16.30 and then $16.30 to $17.50. Thus a breakout above $15 would target $16 and then $17.50. Whilst the downside is limited to about $14. MACD - The MACD is neutral so supportive of another run higher to $16.25.The rest of this analysis was first made Patrons who support my work. Silv...Read More
- Richard (Rick) Mills North American stock markets continued to rise on Friday, as more investors took the opportunity to jump into equities on the back of a clear signal from the US Federal Reserve that interest rates are likely heading down. The S&P 500 hit a new record on Thursday, finishing 249 points higher, or 0.9%, to 2,954. The Federal Open Market Committee (FOMC) concluded on Wedne...Read More
- Dave KranzlerShort of a raid orchestrated by the central planners to fasten tighter the cap on gold (which remains a real possibility given the historical record), the yellow metal shouldn't encounter much price resistance until above $1,500/oz. - Adam Taggart, Peak ProsperityI agree with the statement above from Adam Taggart but an aggressive price attack by the banks who operate the Com...Read More
By: Ira EpsteinGold technical price update - GDX showing weakness, a key reversal:Read More
Bitcoin's impressive rise from the dead has hit 11,467 today, exactly two-tenths of a percentage point from the 11492 target I sent out to Rick's Picks subscribers a few weeks ago. There is further potential to 19,850 if certain conditions are met. Let me show you what to look for.Read More
Chris Vermeulen, Founder of The Technical Traders joins me to a close look into gold – what’s driving the move, what the technicals are saying about this fast move higher, and if a correction is due. We also look at the gold stocks, silver, and USD all within the context of gold. Be Sure to check out my post on gold stopping later this year – HEREBECOME ATECHNICAL TRADER TODAY AN...Read More
In less than two weeks, our prediction that Natural Gas would move lower into our “basing zone”, between $2.00 and $2.20, has come true. Natural Gas has fallen into our expected basing/bottoming zone and traders should be looking to target low price entries as the extended setup of this base takes place.You can read our original research post regarding our Natural Gas analysis fr...Read More
The S&P 500 logged its fourth straight lossThe Dow spent most of the session higher, thanks to upbeatcomments from Treasury Secretary Steven Mnuchin, who said "there's a path" to a trade deal with China. The blue-chip index traded up over 100 points at its session highs, but ultimately reversed lower amid big-cap pharma headwinds. However, while the S&P 500 suffered its fourth straight loss, a str...Read More
Both names tend to outperform in JulyIt's been a strong month for oil prices amid rising geopolitical tensions between U.S. and Iran, with crude futures pacing for a June gain of more than 11%, when comparing front-month contracts. This has created tailwinds in the energy sector, with HollyFrontier Corp (NYSE:HFC) and Marathon Petroleum Corp (NYSE:MPC) two names in particular boasting impressive m...Read More
SNX and UNF shares are rallying in today's trading Two stocks worth touching on today because of their huge post-earnings moves areSynnex Corporation (NYSE:SNX) andUniFirst Corp (NYSE:UNF). Let's look at how SNX and UNF shares are trading, and some of the sentiment data around them, as well.SNX shares were last seen trading up 10.1% at $101.33, on pace for their highest close in more than a month....Read More
Last week was definitely hot. Both major central banks adopted a more dovish stance. Gold reacted positively, jumping above $1,400. What has changed, and what has not? How close are we to an actual rate cut, not only to the speculation of getting one for sure on the next Fed meeting? How will gold like it?Doves Are Strong Within the FedThe dovish shift was surprising. Maybe not the direction, but...Read More
Plus, the chip stock to buy now, according to Craig-HallumThe Dow is higher on the latest trade comments. Several individual stocks are on analysts' radar today, too, including caregiver concern Care.com Inc (NYSE:CRCM), data storage name Western Digital Coporation (NASDAQ:WDC), and Altria Group Inc (NYSE:MO). Here's a look at what's moving the shares of CRCM, WDC and MO.Care.com Stock Eyes Wors...Read More