BNP Paribas will take on the over-the-counter (OTC) base and precious metal clients of fellow French bank Soci?(C)t?(C) G?(C)n?(C)rale (SocGen), which is reducing its commodities exposure, both companies confirmed to Fastmarkets on Tuesday February 11.SocGen announced last April that it would be closing its OTC and proprietary commodities trading business, including metals, as part of a global cos...Read More

Once again rises across a broad set of markets suggest traders were less worried about the fallout from the Wuhan coronavirus (2019-nCoV) this morning, Tuesday February 11.LME base metals prices up by an average of 1.2%; SHFE base metals up by 0.7% on average. China's CSI 300 Index up by 1.2%.Gold prices are consolidating and were recently quoted at $1,568 per oz.Base metalsThree-month base metals...Read More

Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.Click here for Fastmarkets' price assessment for cobalt sulfate, Co 20.5% basis, China ex-works, yuan/tonneFastmarkets has discontinued the calculation and publication...Read More

MISHKEEGOGAMANG - Ontario's government is helping increase broadband access and affordability for more than 600 residents living in the Mishkeegogamang Ojibway Nation community in Northwestern Ontario.Today, Greg Rickford, Minister of Energy, Northern Development and Mines and Minister of Indigenous Affairs, announced Keewaytinook Okimakanak is receiving $179,040 through the Northern Ontario Herit...Read More

Today is Tuesday, February 11, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,567.35. It's down -0.30% from yesterday and u...Read More

Today is Tuesday, February 11, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Cameco Corporation (NYSE: CCJ), CNX Resources Corporation (NYSE: CNX), and Cabot Oil & Gas Corporation (NYSE: COG).Cameco Corporation (NYSE: CCJ)Cameco Corporation (NYSE: CCJ) is a $3.649 billion company today with a one-year return of -28.69%. Let's look at its price-to-earn...Read More

I was happy the day I got fired from Caldor. A few months later, I was even more stoked when the manager at Price Chopper stuck out her pudgy mitt and demanded my name badge. After all, I had a giant FU card in my pocket. As a high schooler, I could always go home and eat mama's cooking and sit on the same couch I did the year before. I didn't need that job.Heck, the point of investing is to gain...Read More

Clint Siegner, Money MetalsThe U.S. Department of Justice investigation of criminal activity in the precious metals markets has taken an interesting new turn.According to Bloomberg, prosecutors are targeting the bank itself and not just the individual traders involved in rigging prices. If convicted, the bank as an institution could be held accountable for years of structured and pervasive cheat...Read More

Stewart Thomson, Graceland Updates 1. To view the only virus more concerning than Corona, please click here now. The global government debt virus!2. In America, the government's debt to GDP ratio is now three times the level it was when Ronald Reagan got elected. Simply put, Donald Trump doesn't have the wiggle room that "Jellybean Ron" did... to ramp up debt, produce GDP growth with...Read More

By: Ira EpsteinGold has been drifting short-term. Higher high, higher low -- not a trend:Read More

Unless the real impact of the corona virus is known, gold will range trade while industrial metals will rise. Volatility will rise from today. Trade very carefully. US economic data releases will have to beat street expectation this week for gold price to move into a short term bearish phase. In February gold prices have been falling on Singapore open. This suggest lack of physical demand in Asi...Read More

A conference call is to follow shortly afterward. Pretium Resources Inc. (PVG:TSX; PVG:NYSE) announced in a news release it will provide Q4/19 and full year-2019 financial and operational results before the market opens on Feb. 12, 2020. The company will hold a conference call afterward to discuss the results, also on Feb. 12, at 7 a.m. PST (10 a.m. EST), accessible through www.pretium.com.Also,...Read More

Gold snapped its four day win streak todayDespite roaring out of the gate for a new record high, the Dow finished marginally lower today. The blue-chip index pared triple-digit gains while investors unpacked the testimony of Fed Chair Jerome Powell, but ultimately pivoted lower later in the day. The S&P 500 and Nasdaq held on to their gains though, both nabbing fresh record closes thanks in part t...Read More

Mastercard's joint venture to carry out clearing operations in China was just approved Payments specialist Mastercard Inc (NYSE:MA) is enjoying a lift midday, and notched a fresh record high of $335.15 earlier, following news that the People's Bank of China (PBOC) approved the company's Chinese joint venture (JV) to carry out bank card clearing operations in the region. This will give Mastercard t...Read More

AMD hit a record high earlier todayThe shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) are up 3.2% to trade at $53.96 today, and earlier hit a new record high of $54.48. As if that's not enough, data from Schaeffer's Senior Quantitative Analyst Rocky White suggests AMD is flashing a buy signal that indicates the chip stock's recent hot streak has legs.In fact, AMD stock's recent high comes ami...Read More

All three indexes are brushing off coronavirus concerns Stocks have been mostly higher today, with the Nasdaq Composite Index (IXIC) and S&P 500 Index (SPX) both notching even more record highs, while the Dow Jones Industrial Average (DJI) hasn't been far behind. Trade bellwethers Caterpillar (CAT) and United Technologies (UTX) helped prop up the blue-chip index for much of the morning, but at...Read More

Tailwind-inducing upgrades may be aheadSoftware specialist Citrix Systems, Inc. (NASDAQ:CTXS) has been a major outperformer on the charts. Support from the 20-day moving average alongside a late-January post-earnings bull gap has the equity up 15% year-over-year. With CTXS also at its round 10% year-to-date mark, it looks like the ideal time for bulls to bet big. Digging deeper, it looks like shor...Read More

The $26 billion deal was approved by a federal judgeThe unmissable news making headlines this morning is the Sprint Corp (NYSE:S) and T-Mobile Us Inc (NASDAQ:TMUS) merger, which was earlier approved by U.S. Judge Victor Marrero. The $26 billion deal has already received criticism fromstates cautioning violation of antitrust laws regarding wireless carrier pricing. Traders have been quick to igno...Read More

Put traders are having a field day todayOne of the worst stocks on the New York Stock Exchange (NYSE) this morning is Under Armour (NYSE:UAA), down 16.8% to trade at $17.02. The athleisure name reported adjusted fourth quarter earnings of 10 cents per share on $1.44 billion in revenue, the former of which on par with expectations and the latter lower than estimates. But more surprisingly, Under A...Read More

The U.S. Department of Justice investigation of criminal activity in the precious metals markets has taken an interesting new turn.According to Bloomberg, prosecutors are targeting the bank itself and not just the individual traders involved in rigging prices. If convicted, the bank as an institution could be held accountable for years of structured and pervasive cheating.The DOJ investigation of...Read More