Dave Kranzler, Investement Research Dynamic's Mining Stock JournalA few of my subscribers asked me recently about the lethargic action in the miners lately given that the price of gold has started moving higher again. But it helps to step back and look at a longer time-frame. For the last 52 seeks, the HUI has significantly outperformed GLD. I also ran the comps for 6 months, 3 months and 1 mont...Read More
Seaborne iron ore prices rose on Thursday March 5 amid fresh concerns about Brazilian shipment volumes in the current quarter, with the traded price for the benchmark Brazilian low-alumina brand moving up during the day.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $92.57 per...Read More
By: Ira EpsteinGold is fighting a battle. Momentum is slightly up, but needs to get above $1,654.30 swing line..Read More
Near zero bond yields globally will ensure that sharp corrections in gold will be used to invest for the short term as long as term. Guarded optimism in silver at the moment. One needs to remain on the sidelines till Monday. Clear picture of the spread of corona virus in USA and India will be known by end of next week. USA and India are two big consumers of goods and services. A big global slowd...Read More
Turkish steel billet import prices have decreased over the past week while demand has been low, sources said on Thursday March 5.The Turkish market was slow because market participants wanted to see the outcome of a meeting between Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin in Moscow on March 5.This meeting comes after at least 33 Turkish soldiers were killed on Fe...Read More
Prices in the CIS steel billet market softened in the first week of March because of the lack of trading activity.A number of market participants said that some CIS producers were ready to sell billet at $395 per tonne fob Black Sea, although indications of official offers were reported at $400 per tonne fob Black Sea during the week, compared with $400-410 per tonne fob a week earlier.One source...Read More
Is gold a commodity, an investment, or money?The answer is...Gold is a chameleon. It changes in response to the environment. At times, gold behaves like a commodity. Continue...Read More
Prices for imported steel billet in Egypt decreased in the week ended Thursday March 5 with demand still weak, sources told Fastmarkets.Some Egyptian producers had increased their rebar prices on February 26, one day before Fastmarkets' price assessment.And they were still offering rebar on Thursday...Read More
Points that Investors& Executives of Small Mining Companies (Juniors) should consider.1-Small cap gold and base metal stocks differ in several ways from large cap metals and are best approached on a potential value basis. That would be what a company expects to have "in the ground" and/or what the company eventually expects to prove. Successful invest...Read More
The maiden Inferred resource estimate is discussed in this report. Gold Terra Resource Corp. (YGT:TSX.V) [which until February 2020 was known as TerraX Minerals] announced last November an overall maiden Inferred resource of 735,000 gold ounces (oz Au). Incremental Positive: The company announced an overall maiden Inferred resource of 735,000 oz Au at an average grade of 1.79 gpt Au. The global r...Read More
Great Panther Mining has earned an Outperform rating from Noble Capital Markets, while three other firms rate it a Buy. Great Panther Mining Ltd. (GPR:TSX; GPL:NYSE.American) has been a beehive of activity this year. On January 6, the company announced that it entered into a US$11.25 million gold dor? prepayment agreement with Samsung C&T U.K. Ltd.Samsung is advancing the funds for the delivery a...Read More
All three indexes tanked by of 3% or moreStocks took a massive hit Thursday, unable to capitalize on yesterday's furious Super Tuesday rally. Wall Street continues to be gripped by coronavirus fears, as countries around the world extend quarantine and travel restrictions. The Dow lost over 969 points by the close, erasing nearly all of yesterday'sgains. The S&P 500 and Nasdaq Composite took massiv...Read More
Z is outperforming the broadmarketReal estate app Zillow Group (NASDAQ:Z) was testing all-time high territory last week, and has just pulled back to around the $50-$52 level. Now 19% higher year-to-date, the tech name is outperforming the broader market. With this foundation in place, now looks like an opportune time for bulls to circle in. Digging deeper, the majority of analysts still have tepi...Read More
LONDON, 29 February 2020 - Gold price data from BullionVault is quoted today in the Money section of The Times, Britain's best-selling 'quality' paper, as it looks at the virus-led turmoil in financial markets.Amid this week's panic, the price of physical gold in US Dollars "rose to a 7-year high of $1686 an ounce," says The Times, naming online bullion dealer BullionVault as the source of that fi...Read More
LONDON, 29 February 2020 - BullionVault features today in a report on 2020's surging gold price from the Financial Times' award-winning personal finance team at FT Money."The sudden panic at the weekend over coronavirus spreading worldwide has hit the stock market," the full-page article quotes Adrian Ash, director of research at BullionVault, "and money managers are clearly buying gold to hedge a...Read More
Options traders are picking up TDOC calls at an elevated clip today Online healthcare platform Teladoc Health Inc (NYSE:TDOC), has been joining a good chunk of its sector peers in bucking the broadmarket trend in recent weeks, with coronavirus fears actually boding well for the tech name as more patients anxious over the outbreak turn to remote health services over traditional office visits. In fa...Read More
LONDON, 28 February 2019 - Data from BullionVault today featured in an update for Bloomberg subscribers on the surge in gold-trading volumes worldwide."Private investors are getting in on the gold action even as the metal falls," says Bloomberg's Terminal - its data and news service for finance-market professionals."Online precious metals storage firm BullionVault says it's seeing 8 times its norm...Read More
COVID-19 fears continue to drive stocks lowerThe Dow Jones Industrial Average (DJI) is extending its losses this afternoon, down almost 600 points as Wall Street fails to adjust to the potential long-term outcome of the global spread of COVID-19. With over 94,000 cases now reported by the World Health Organization (WHO), safe haven assets are looking attractive, sending April-dated gold futuresup...Read More
LONDON, 27 February 2020 - Gold's sharp retreat amid the worsening virus outbreak today sees BullionVault quoted by leading US investment news-site MarketWatch.Gold prices are "always sensitive to the outlook for interest rates, but it's rarely been more strongly correlated against bond yields than it is right now," says Adrian Ash, director of research at BullionVault.Read the full story here:Gol...Read More
The retailer's fourth-quarter earnings exceeded analysts' expectations Shares of Burlington Stores Inc (NYSE:BURL) are up 1.1% at $221.12 this morning after announcing fourth-quarter profits of $3.25 per share, which was right on the money for Wall Street's estimations, and a 42-cent increase from the same quarter last year. And while the retail sector continues to struggle amidst the growing coro...Read More