It could be the beginning of the global "currency war" after the so called the end of the "trade war". The reason is in the paragraph below. Indirectly nations fight currency war day in and day out. Trump is making it open. Currency war induced by Trump will only speed up the decline in the purchasing power of the US dollar. Trump is the US president for less than two years. By then nations will...Read More
The average analyst price target looks way too high on PXD stockPioneer Natural Resources (NYSE:PXD) has been in a long-term downtrend since peaking above $210 in May. While the security has bounced from its late-December lows, it's run into a potential wall in the form of its 80-day moving average, which could smack PXD even lower. On the fundamental front, the company is in a transition period,...Read More
An overview of the minor metals markets and the reasons for any price moves....Read More
Saudi Arabia announced $20 billion in infrastructure and energy investments for the cash-strapped country of 200 million, which is currently on the brink of financial crisis.Many of the projects are located in Pakistan's impoverished and restive Balochistan region, which lies along the 565-mile border with Saudi arch-rival Iran.Natasha Turak| @NatashaTurakPublished 15 Hours AgoUpdated9 Hours AgoCN...Read More
A free tool can help traders bank big during the upcoming earnings season. Too many investors let their portfolios slip during the busy holiday season, but this is a huge mistake... especially with the market moving events just around the corner!With the crazy market action investors have been seeing lately, right now is the time to prepare to bank big wins.It's important for investors to positio...Read More
Source: Streetwise Reports 03/05/2019NYC's first community solar program figures among the projects, the company says.UGE International Ltd. (UGE:TSX.V; UGEIF:OTC) recently completed several solar project milestones in key markets located in three continents, it announced in a February 28 press release.First among UGE's list of new milestones is what the Toronto-based company described as "the...Read More
Three-month zinc was the only metal price to trade in positive territory on the London Metal Exchange at the close of trading on Wednesday March 6.Prices for the rest of the base metals complex consolidated lower amid broad strength in the US dollar index, while renewed figures on the US trade deficit continued to underscore the slowdown in that country's economy.The three-month zinc price reached...Read More
Gold prices have been consolidating the recent drop from Feb highs, trading just above the 38.2% Fibo target of $1,275/oz. Gold is currently trading at 1286, within a range of between $1,283.74/oz and $1,290.92/oz. Gold suffered a blow in recent weeks and the theme remains a hindrance for the bulls betting on a weaker greenback and risk-off markets. The sentiment for a trade deal between t...Read More
When the general stock market declined in the previous months, many people called for much higher gold prices, supposedly based on the allure of the safe-haven demand for the yellow metal. And while there is some truth to it as gold would be likely to rally if the US economy got into severe trouble, this simply does not apply to the link between the short-term volatility of the stock market and th...Read More
Dollar's recent climb is putting pressure on gold prices.Eurozone weakness is also adding to metal's short-term weakness.Improved emerging markets outlook should eventually bail gold out.A counter-trend rally in the U.S. dollar index is providing a headwind for gold and will likely keep the metal range-bound below its recent high for a few weeks. In today's report we'll review the factors...Read More
Prices for hollow steel sections in the domestic European market were largely stable on Wednesday March 6 but producer-led increases could take effect soon, market sources 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 ($713-736) per tonne delivered."Higher p...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday March 6 that are worth another look.The availability of a high-grade iron ore derivative has brought a "whole new dimension" to the market, with the development of a forward curve being a key benefit, Andrew Glass, head of ferrous trading at Anglo American, said last week at Fastmarkets MB's China Iron Ore conference in B...Read More
After nearly 20 years of wrangling, a group of Nahua Indian villagers could make legal history in Mexico this month when a court rules on a land dispute involving a Canadian miner.A lawyer for villagers of Tecoltemi in the central Mexican state of Puebla said it was the first time a court would rule on whether the country's mining law – which gives priority to mining activities over other la...Read More
Troubadour Resources (TSXV: TR) announced that it signed a letter of intent with Surespan and its wholly-owned subsidiary Privateer Gold to obtain an option to acquire all of the issued and outstanding shares of Privateer Gold.Privateer Gold is the owner of the Surespan gold property, which is made up of crown granted mineral claims and mineral tenures that cover approximately 13 square kilometres...Read More
A crazy Friday in the gold market - nothing new.A bullish trend since August - markets rarely move in a straight line.Gold needs to find a higher low.Buying the dip in gold tends to be preferable to buying a rally.Get more aggressive with leveraged products on price weakness.Gold provided market participants with a reminder that the yellow metal loves to crawl higher and tumble lower during price...Read More
Published 23 Hours AgoUpdated6 Hours AgoReuters Getty ImagesGold bullion bars and coins.Gold steadied on Wednesday just above a five-week low touched in the last session as the dollar retreated slightly and stocks edged lower, with investors awaiting further signals on the health of the global economy.Spot gold was down 0.11 percent at $1,285.70 per ounce as of 2:09 p.m. ET, trading in a narrow...Read More
Gold, like all markets, displays repetitive patterns in its price history.We present two patterns, one from 2000 and another from 2013.If these patterns continue to replicate, then gold should drop into the $1,225-$1,250 area before bouncing. We present patterns in the price history of the gold market that seem to be replicating in real time. If these similar patterns continue to replicate, then g...Read More
Three-month zinc was the only metal price to trade in positive territory on the London Metal Exchange at the close of trading on Wednesday March 6.Prices for the rest of the base metals complex consolidated lower amid broad strength in the US dollar index, while renewed figures on the US trade deficit continued to underscore the slowdown in that country's economy.The three-month zinc price reached...Read More
Introducing the 2019 Roaring Lion Silver Coin, the Lowest Price, Newly Minted Silver Coin in the World... In 2018, SD Bullion released their first-ever, exclusive silver coin, The 2018 Roaring Lion. With a limited mintage of only 50,000 coins, micro-engraving security and a very detailed design, the coin was well received by the silver community, and the coin sold out within a few months. Later i...Read More
What is behind the most recent price decline in silver, and how far below $15 is there stronger price support? Here's Clive to explain...by Clive Maund of Streetwise ReportsSilver fell sharply on Friday after dropping on Wednesday and Thursday, and the reason it fell so sharply can be seen on its latest 6-month chart below which shows that it breached its parabolic uptrend, which had become too st...Read More