Here are five Fastmarkets MB stories you might have missed on Tuesday January 29 that are worth another look.Ferro-tungsten prices will continue to trade in wider ranges this year amid a bearish outlook, market participants told Fastmarkets.Brazilian federal police have arrested five people related to inspections of the tailings dam that failed last week at Vale's C??rrego do Feij??o iro...Read More
Jeff Kilburg and Scott Bauer discuss if the precious metal can attract some follow-through buying. Learn more: https://activetrader.cmegroup.com/ Follow us: Twitter: https://twitter.com/CMEActiveTrader Facebook: http://www.facebook.com/CMEGroup CME Group is the world's leading and most diverse derivatives marketplace, offering the widest range of global benchmark products across all major asset...Read More
Gold no longer fears competition from higher interest rates.Central banks are putting rate hikes on hold, which benefits gold.Gold's all-important currency component is still beneficial for the bulls.As Wall Street anxiously awaits the Federal Reserve's interest rate policy decision on Wednesday, the gold market remains unconcerned. Instead, it's confirming that the intermediate-term outlook f...Read More
The metals have been in a consolidation for over two years.I think there is still more frustration ahead for the metals longs.I am looking to begin another pullback shortly, which will be a major buying opportunity.There has been no trade more frustrating than the metals complex for the last several years. In fact, I cannot remember the last time I had to wait so long for a pullback to complete. S...Read More
Vital Materials has appointed Nick Boulton as its sales and product manager, the company told Fastmarkets on Friday January 25. Boulton, who will be based in the United Kingdom in this role, holds over 30 years' experience in multiple roles across a variety of market segments including petrochemicals, fine chemicals pharmaceuticals and minor metals. Prior to joining...Read More
ECB's meeting is behind us, while the gathering of the Fed officials is ahead of us. In the meantime, the price of gold jumped above $1,300. Will it stay for longer? Slowdown in the Eurozone, but not Recession On Thursday, the ECB held its monetary policy meeting. It left the policy on hold. The bank also maintained its forward guidance about the future path of interest rates unchanged (they a...Read More
Published 23 Hours AgoUpdated5 Hours AgoReuters Getty ImagesGold jumped to its highest in more than eight-months on Tuesday, on doubts surrounding U.S.-China trade relations and ahead of a Federal Reserve meeting with increasing expectations for a pause to the central bank's rate hike trajectory.Spot gold was up 0.5 percent to $1,310.60 per ounce as of 2:53 p.m. EST, having hit its highest since...Read More
The gold price finally pierced resistance at $1,300 on Friday, hitting a 7-month high!The $1,300 level has been pesky resistance roughly 12 times over the past 3 to 4 years.It is a psychological price threshold, but also has implications for paper futures traders.The bulls are optimistic that the Federal Reserve will leave interest rates unchanged this week.Growing risks to the global economy are...Read More
Fastmarkets looks at key factors that are likely to influence minor metals prices in 2019. China's slowdown dampens sentiment For minor metals production, China leads the way globally, contributing an estimated minimum of 70% of world output of indium, bismuth, gallium and germanium. Last week, the world's biggest producer and consumer of minor metals said its economic growth dropped to its slowes...Read More
Tomasz Wi?>niewski16 hours ago (Jan 29, 2019 9:14 AM GMT)Gold starts this week on the front foot. Today, the precious metal is making new yearly highs and is currently fighting on a very important horizontal resistance around the 1307 USD/oz.This area is crucial for the Gold since early 2015. Once buyers will manage to break this resistance, the way towards 1357 will be opened. We said that a few...Read More
IAMGOLD announces decision not to proceed with the construction of Cote Gold project.Previously, I noted that investors were worried about this major investment as many gold projects fail to deliver return nowadays.This is a positive catalyst for the company which will provide some support for its beaten shares.Recently, I have written about IAMGOLD's (IAG) 2018 production and 2019 guidance report...Read More
TraderStef is optimistic about silver, but what will it take to get an even more bullish tone? Find out in this both fundamental and technical update...by TraderStef via CrushTheStreet (connect with TraderStef via Twitter or at TraderStef's website)If you missed my most recent articles and analyses on silver, Silver's Hi-Ho Day Needs a Few Dollars More was published on Dec. 26, 2018 and Gold an...Read More
Ferro-tungsten prices will continue to trade in wider ranges this year amid a bearish outlook, market participants told Fastmarkets. Material produced from scrap being shipped to the European market was the main reason for weak ferro-tungsten prices last year and the greater competition has caused traders to retreat from the spot market. Ferro-tungsten producers of standard material, which usually...Read More
It's late in the credit cycle, and it appears the end of the expansion phase is in sight.Geopolitics - Asia, and Russia publicly, have swapped reserve dollars for gold.Gold is massively under-owned in the west.The following is a list of the ten most important factors likely to affect gold in 2019. I have grouped them under two broad headings, economic developments, and factors affecting gold i...Read More
Seaborne coking coal prices made their way back to the $200-per-tonne threshold just before the week-long Lunar New Year holiday begins in China, surprising some market participants."I thought seaborne prices would stay around $190 per tonne cfr China until after the Lunar New Year since most end users have sufficient coking coal stock; however, the market upended our expectations," a mill source...Read More
All have large resources and solid production numbers.All are highly leveraged to higher gold/silver prices.All are in good locations and have quality management teams.All have good balance sheets and cost structures.In my previous article, I listed 15 gold and silver producers. These were the stocks that I thought would perform the best in a rising gold/silver price environment. It was inevitable...Read More
A summary of base metals premiums from across the globe for the week to Tuesday January 29. Please click on the thumbnail...Read More
Nickel's three-month price on the London Metal Exchange soared more than 2% at the close of trading on Tuesday January 29, with the metal's futures price now trading firmly above $12,000 per tonne against a backdrop of dwindling LME stocks.LME nickel's price action has followed an uptrend over January, and is trading over 13% higher after hitting its lowest level since December 2017 at $10,500 per...Read More
Comex copper prices bounced back in US morning trading on Tuesday January 29 amid a softening dollar and anticipation for the start of US and Chinese trade talks. The copper price for March settlement on the Comex division of the New York Mercantile Exchange gained 3.35 cents to $2.7135 per lb. "The main focus on the markets will be on the US/Chinese trade talks which get under way tomorrow,"...Read More
The GDXJ/GDX Ratio (Junior Miners/Senior Miners) frequently sends a very important message to the mining sector. This ratio has created a series of higher lows and lower highs over the past few years, which creates a narrowing pennant pattern.The ratio is now testing the top of this pattern, which comes into play as resistance. If the ratio breaks above the top of the pennant pattern and the 2017/...Read More