NEW YORK (Reuters) - Oil prices rose to their highest level in three weeks on Tuesday as tension in the Middle East and the possibility of further falls in Venezuelan output helped offset the negative impact of growing U.S. crude production.Brent crude LCOc1 futures for May delivery rose $1.75 to $67.80 a barrel, a 2.7 percent gain by 12:09 p.m. EDT, their highest level since late February. U.S. W...Read More
'Mrs. F.' was 84 years old the first time she ever went to prison. Her crime? Petty shoplifting. She stole rice, strawberries, and cold medicine.Continue...Read More
GENEVA (Reuters) - The United States has rejected European Union proposals for an alternative to U.S. safeguard tariffs imposed on solar power goods, the two trading powers said in a joint filing published by the World Trade Organization on Tuesday.They also said they had not reached any agreement on U.S. compensation for its tariffs, but they would monitor the impact on trade flows and continue d...Read More
"It doesn't matter what Kudlow says...he says the dollar is going to rise and gold will fall, and put tariffs on China. The tariffs on China are actually going to weaken the dollar, which is good for gold." Frank Holmes is the CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializi...Read More
RAPAPORT...The Diamond Dealers Club (DDC) has signed a memorandum of understanding(MoU) with the Shanghai Diamond Exchange (SDE) in an ongoing effort to facilitatebusiness opportunities. The SDE delegation's visit to the New York-based DDC is the Chinese bourse's first in more than 10 years, and will be the start of a series ofcollaborations between the groups. "As a member of a bourse or an excha...Read More
Crude steel output in Argentina grew 36.8% year on year in February, according to figures released by national steel association Acero Argentino on Tuesday March 20.Production amounted to 417,300 tonnes, up from 305,100 tonnes the year before.February's crude steel output also increased 21.4% from January's level of 343,000 tonnes.The month on month recovery is a result of the conclusion of mainte...Read More
Gold is trading under pressure today, currently trading off by $7.80 and fixed at $1,310. As of 4:51 PM Eastern standard time, gold prices have given up all of yesterday’s gains and closed at below yesterday’s open.However, yesterday’s gains, as well as today’s selloff, have been a direct result of dollar strength and dollar weakness.Monday's moderate gains resulted in a $2...Read More
The gold miners' stocks remain deeply out of favor, trading at prices seen when gold was half or even Continue...Read More
WASHINGTON (Reuters) - U.S. congressional leaders worked to finalize a massive federal spending bill on Tuesday to finance the government through September and prevent a government shutdown before funding runs out late Friday, as an approaching winter storm threatened to snarl Washington.U.S. House Speaker Paul Ryan said he expected lawmakers to finish writing the $1.2 trillion bill later on Tuesd...Read More
German government figures and steel companies are looking for a quick resolution to the concerns cerated by the impending United States import tariffs on European steel. "We have agreed that very intensive talks between the EU and [the US] are needed this week to avoid a trade conflict that could damage the vital interests of both sides," Peter Altmaier, Germany's economy minister, said on Monday...Read More
Q2...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.Subscri...Read More
BHP Billiton's Saskatchewan potash mine remains in a holding pattern.The Jansen Lake operation, about 135 kilometers east of Saskatoon, has been under development for several years.In a question and answer session Friday in Australia, Chief Financial Officer Peter Beaven said potash remains an attractive investment because there's more people, they need to eat, and the amount of arable land will e...Read More
NEW YORK (Reuters) - As a senior vice president at Wachovia and then Morgan Stanley during the dark months of the 2008 and 2009 financial crisis, Derek Peterson watched as colleagues lost their jobs and life savings and wondered if he was next.At the time, he was managing approximately $120 million in client assets, but was growing disenchanted with what he saw as a U.S. stock market driven by hig...Read More
Price slide continues Aluminium prices continue...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest...Read More
WASHINGTON (Reuters) - U.S. House Speaker Paul Ryan on Tuesday said he has been assured that fellow Republican President Donald Trump is not considering firing U.S. Special Counsel Robert Mueller.FILE PHOTO: Special Counsel Robert Mueller leaves the U.S. Capitol Building after meeting with members of the Senate Judiciary Committee in Washington, U.S., June 21, 2017. REUTERS/Aaron P. Bernstein"The...Read More
SHANGHAI, Mar 20 (SMM) – Base metals rode on momentum from one another and narrowed declines from yesterday. Most nonferrous metals, except nickel, closed lower. Lead fell 0.7%, tin and zinc dipped 0.6%, and copper and aluminium edged down. The ferrous complex rebounded and reduced losses. Iron ore dropped over 2%, coke fell over 1%, rebar and hot-rolled coil ed...Read More
SHANGHAI, Mar 20 (SMM) – Base metals rode on momentum from one another and narrowed declines from yesterday. Most nonferrous metals, except nickel, closed lower. Lead fell 0.7%, tin and zinc dipped 0.6%, and copper and aluminium edged down. The ferrous complex rebounded and reduced losses. Iron ore dropped over 2%, coke fell over 1%, rebar and hot-rolled coil ed...Read More
(Kitco News) - Gold and silver prices were moderately lower in early afternoon U.S. trading Tuesday, pressured by a stronger U.S. dollar index on this day and some chart-based selling. Gold hit a three-week low, while silver prices notched a three-month low. April Comex gold futures were last down $7.10 an ounce at $1,310.70. May Comex silver was last down $0.165 at $16.16 an ounce.The marketplace...Read More
SHANGHAI, Mar 20 (SMM) – Base metals rode on momentum from one another and narrowed declines from yesterday. Most nonferrous metals, except nickel, closed lower. Lead fell 0.7%, tin and zinc dipped 0.6%, and copper and aluminium edged down. The ferrous complex rebounded and reduced losses. Iron ore dropped over 2%, coke fell over 1%, rebar and hot-rolled coil ed...Read More
Crude steel output in Argentina grew 36.8% year on year in February, according to figures released by national steel association Acero Argentino on Tuesday March 20.Production amounted to 417,300 tonnes, up from 305,100 tonnes the year before.February's crude steel output also increased 21.4% from January's level of 343,000 tonnes.The month on month recovery is a result of the conclusion of mainte...Read More