Your investing strategy should be appropriate whether the market crashes next week or the next year or even if the market continues to gain momentum to touch record highs. In case you are worried about market volatility in the future these three strategies will help you tide over the uncertainties.Bet on market leadersIt is advisable to allocate a significant part of your investments to companies...Read More
A gold bull market is in progress! One analyst, who went through three previous gold bull markets, thinks the gold price can reach at least US$4,500. (Gold current sits at US$1,900, which means a double is in the cards.)Warren Buffett also thinks there’s room for gold to run. Otherwise, he wouldn’t have started a position in Barrick Gold (TSX:ABX)(NYSE:GOLD) in the second quarter. Sinc...Read More
Oct 26, 2020 Guest(s): David Morgan The Morgan Report Gold and silver have always held a close correlation with each other, with silver usually outperforming gold in bull markets, as it did this year. Assuming a $4,000 gold price target in two to three years' time, which is roughly a 100% increase from current levels, and assuming a normalization of the gold-silver ratio to 40-1, then silver sho...Read More
Here are five Fastmarkets stories you might have missed on Monday October 26 that are worth another look.Major iron ore miners are racing to boost their output amid recovering demand and ahead of traditional mid-financial year reporting due by December, market sources told Fastmarkets this week.Uncertainty about next year's aluminium fundamentals and consumer hesitance...Read More
The three-month price of tin on the London Metal Exchange was the laggard at the close of trading on Monday October 26, losing just under 2% of its price against the highest daily volume count since September 23, while selling pressure saw the LME copper price sink below nearby support levels over the afternoon.Tin's outright price on the LME closed at $18,050 per tonne on Monday, recovering from...Read More
Aurubis, Europe's largest copper producer, sees its multi-metal strategy as a competitive advantage against a backdrop of precarious market conditions, with executive chairman to the board Roland Harings highlighting the company's acquisition and integration of Belgian-Spanish recycler Metallo as a step change in optimizing production. Despite pandemic-related setbacks, the German-based producer o...Read More
Jack ChanPosted Oct 26, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on SELL signal. Short-term signals can last for days and weeks and are more suitable for traders. COT data is supportive for overall higher gold prices.COT data is supportive for overall higher silver prices.Our ratio is...Read More
Here are five Fastmarkets stories you might have missed on Monday October 26 that are worth another look.Major iron ore miners are racing to boost their output amid recovering demand and ahead of traditional mid-financial year reporting due by December, market sources told Fastmarkets this week.Uncertainty about next year's aluminium fundamentals and consumer hesitance...Read More
Seaborne prices for both low-and high-grade manganese ore in China moved down for the third consecutive week in the week to Friday October 23, following deteriorating overall market sentiment amid weakening portside ore and alloys markets. Fastmarkets' manganese ore index, 37% Mn, cif Tianjin was $3.92 per dry metric tonne unit (dmtu) on Friday, down by 11 cents per dmtu, or 2.7%, from $4.03...Read More
The price of nickel ore in China was unchanged in the week to Friday October 23, supported by an already tight market and concerns of disrupted supply from the Philippines due to the latter's upcoming rainy season, market sources told Fastmarkets.Fastmarkets assessed the price of laterite ore with 1.5% Ni content, cif China, at $73-75 per tonne on Friday, unchanged from a week earlier and at its h...Read More
Limited availability and a solid outlook for electric vehicle (EV) demand have given annual contract negotiations for cobalt hydroxide a kick start, but discussions for cobalt metal may evolve over a longer period, market sources told Fastmarkets.While Covid-19 has hit global economies and dented consumer sentiment, it also put low-carbon economies at the forefront of government policy and expecte...Read More
Vancouver, BC - LEAF Mobile Inc. (TSX.V : LEAF) ("LEAF" or the "Company") provides the following update regarding its proposed acquisition of East Side Games (the "Acquisition"), previously announced on October 7, 2020.Resulting Issuer Board and ExecutivesUpon completion of the Acquisition, it is intended that Darcy Taylor will remain as CEO, Mark Leung will remain as CFO, and Brian Wideen will re...Read More
Vancouver, BC - Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW ) (the "Company" or "Siyata") is pleased to announce the appointment of Mr. Peter Goldstein to its Board of Directors. With over 30 years of diverse and global entrepreneurial, client advisory and capital market experience, Mr. Goldstein has a successful track record in leading and building companies in the capital markets.Mr. Goldstein has...Read More
AFC deferred its second US$28.5 million investment at the end of March, saying it wanted to allow for the stabilisation of global markets.Read More
Here are five Fastmarkets stories you might have missed on Monday October 26 that are worth another look.Major iron ore miners are racing to boost their output amid recovering demand and ahead of traditional mid-financial year reporting due by December, market sources told Fastmarkets this week.Uncertainty about next year's aluminium fundamentals and consumer hesitance...Read More
Domestic auto bundle and ship scrap prices in Turkey have remained stable over the past week despite rising imported scrap values, sources said on Monday October 26.The mills' buy prices for ship scrap remained steady on Monday at $280 per tonne delivered.So Fastmarkets' weekly price assessment for steel scrap, melting scrap from shipbreaking, domestic, delivered Turkey, was $280 per tonne on Mond...Read More
Oct 25, 2020 Guest(s): David Erfle Kitco News Contributor At a panel hosed by the International Monetary Fund earlier this week, Federal Reserve Chair Jerome Powell said that 80% of central banks around the world are exploring the idea of issuing central bank digital currency (CBDC), although the U.S. Fed has not made a decision to follow suit at this time. Powell's statement echoes a research r...Read More
There was a surge in buying activity in the Chinese copper scrap market in the second half of October after the release of a long-awaited announcement that the purchase of high-purity scrap will be permitted as a recyclable copper material from next month. "Everyone has returned to the market to buy [non-ferrous scrap] since the announcement," a trader source said. With overseas copper scrap more...Read More
Fastmarkets' research team took the number one spot on the base metals predictions leaderboard for the third quarter of 2020 with a 98.83% accuracy score while ED&F Man Capital Markets' Edward Meir clinched the top spot for precious metals predictions over the period with a 93.31% accuracy rating. For steel raw materials, ABN Amro's Casper Burgering was number one with an accuracy score of 89.47%....Read More
Silver is usually reserved for second place. But of the four precious metals - gold, silver, platinum, and palladium - silver is actually the least precious.Silver is the most common of the four precious metals for starters. Some estimates put silver at over 60 times more abundant than gold in the Earth's crust. And silver's chemical and physical properties are simply not as special as gold, plati...Read More