The year included achievements related to exploration and finances. Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTCQX) CEO Chris Taylor recapped the 2019 year in his annual letter to shareholders. "It was a very good year for our company," he wrote. He listed four of Great Bear's key accomplishments. In terms of exploration at its Dixie project, it discovered six new gold zones along 4 kilometers...Read More

This year could look similar to 2019 on the merger and acquisitions front in the United States steel industry, with long products likely to be busier than flat products, according to analysts."People will get to doing deals [in 2020] much like [last] year - very selectively and where the strategic fit is right and they can bring some synergies to the table. I think that's what is really going to d...Read More

Alexander Shevelev, chief executive officer of Russian steelmaker Severstal, says that the company has changed its culture quite quickly and substantially to focus on being a solutions provider. p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; line-height: 18.0px; font: 18.0px 'FagoNoRegularLF-Roman'} p.p2 {margin: 0.0px 0.0px 0.0px 0.0px; line-height: 10.5px; font: 9.0px 'Antwerp Light'; min-height: 11.0px...Read More

It was a choppy session on Wall Street todayThe Dow turned in a triple-digit loss today, as rough outings from Merck (MRK) and Chevron (CVX) overshadowed upbeat U.S. services data. The blue-chip index pared a wider triple-digit deficit, though, amid fewer headlines regarding U.S.-Iran tensions. The S&P 500 and Nasdaq joined the Dow in the red, with the latter giving up last-minute gains despite a...Read More

LONDON, 27 December 2019 - Comment and analysis from BullionVault today leads a detailed report on gold's 2020 outlook from ThisIsMoney, the personal finance site from the UK's Daily Mail newspaper group.Noting that gold priced in British Pounds hit new all-time highs in 2019, "Many of this year's professional and wealthy investors buying gold are choosing to own bullion in a vault, rather than ju...Read More

Best Buy stock looks to be in the position to enjoy short-covering tailwindsElectronics retailer Best Buy Co Inc (NYSE:BBY) saw its stock rise to new highs in mid-December following a positive earnings release in November, rallying past previous record highs in the $85 region. The shares are holding just above this previous peak now, and a shift in sentiment could have them adding to their year-ov...Read More

ETFC's early October bottom coincides with its November 2007 lowsE-Trade Financial Corp's (NASDAQ:ETFC) drop off its Sept. 16 high near $46 can be described as "fast and furious," driven by a negative reaction to a "commissions race" among brokerages. More specifically, ETFC fell 4.8% on Sept. 26 when Interactive Brokers (IBKR) unveiled a commissions-free trading product, and then surrendered 16.4...Read More

LONDON, 19 December 2019 - Exclusive analysis from BullionVault is published today by Investment Europe, the online magazine for investment fund professionals from the Investment Week group of titles."Investors didn't need gold as a portfolio hedge in 2019," writes BullionVault's director of research, Adrian Ash."But they piled in anyway."Reviewing historic patterns across 5 decades, plus gold's c...Read More

MCHP call buying has been very popular The shares of semiconductor concern Microchip Technology Inc. (NASDAQ:MCHP) are making a strong move higher today, last seen up 6% at $109.93 and earlier tapped an all-time high of $110.80, thanks to the company's bullish sales outlook from last evening. This extends the equity's impressive trend higher in recent months, and call traders continue to pile on t...Read More

Walgreens Boots Alliance reports Q1 earnings after the close tomorrowEarnings season is just around the corner, and the first Dow name up is Walgreens Boots Alliance Inc (NASDAQ:WBA), with the pharmacy name set for its first-quarter report before the open tomorrow, Jan. 8. Ahead of the event, options traders are taking a greater interest in the blue chip.Diving right in, nearly 4,000 calls have c...Read More

Brazilian vehicle output shrank by 3.9% year-on-year during December 2019, because higher domestic registrations were not enough to offset the continuing tumble in export volumes, local automakers' association Anfavea said on Tuesday January 7.The country produced 170,501 units in the last month of 2019, in comparison with 177,503 units a year before. These were the lowest monthly figures since 14...Read More

Investor attention is still firmly on geopolitical tensions between the U.S. and the Middle EastToday's better-than-expected U.S. services data from the Institute for Supply Management (ISM) has done little to move stocks, as investor focus remains glued to bubbling geopolitical tensions between the U.S. and the Middle East. The Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are both...Read More

Normally, after tensions between Iran/Iraq and the US flare-up, Oil and Gold rally quite extensively but reversed sharply lower by the end of the session. Yes, Gold is 1% higher today and was up over $35 overnight, but Crude Oil has actually moved lower today which is a fairly strong indication that disruptions in oil supply from the Middle East are not as concerning as they were 10+ years ag...Read More

The $30 trendline had acted as resistance over the past yearApache Corporation (NYSE:APA) is one of the best stocks today thanks to what's being described as a "major oil discovery" off the coast of the South American country Suriname. This has the shares of APA rising 16.5% to $29.86, putting them above the 200-day moving average, which had been resistance on multiple occasions over the past year...Read More

There's pessimism among analysts and short sellers to be unwoundThe shares of FireEye Inc (NASDAQ:FEYE) are up 2.5% to trade at $18 this morning, after SunTrust Robinson raised its rating to "buy" from "hold." The analyst in coverage -- while also upping its price target to $22 from $15 -- noted the Middle East tensions will lead to more government and private sector spending on cybersecurity. S...Read More

Gold and silver investors buy metals because they are scarce.Precious metals are by nature difficult to find, and hard to produce.Consequently, above ground stocks are limited and valuable, particularly whenpriced in unlimited fiat currencies. The bankers and government officials behind these fiat currencysystems don’t like stable monetary benchmarks such as gold putting theirinflation schem...Read More

By: Ira EpsteinGold's move to 7-year highs, what to look for next: resistances and supports:Read More

Focus will now shift to US December private ADP job numbers tomorrow and Friday's US December nonfarm payrolls. Both these numbers should come it at or over 160,000 for gold and silver to see selling pressure. Use sharp dips to invest for Easter in both gold and silver. Trade pact with China and Brexit has already been factored by the markets. Trump has started 2020 with a fragile Middle east an...Read More

China's steel demand will remain largely flat in 2020 due to an anticipated softening of its automotive and shipbuilding industries, according to the China Metallurgical Industry Planning & Research Institute (MPI). The government research agency expects China's total steel demand in 2020 to amount to 881 million tonnes, down 0.6% from its forecast for 2019. It forecast China's 2019 steel demand t...Read More

Demand for flat steel products in Turkey was strong in December 2019 because of restocking purchase activity as well as globally increasing prices, market participants told Fastmarkets on Tuesday January 7.Local producers have now filled their order books until late March, sources added.Demand was strong in Turkey in November because of the rising prices, and continued to be strong in December.And...Read More