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Palladium Soars, While Gold Crawls, Higher In Price!

March 20, 2019 / www.fxstreet.com

Currencies and metals didn't move much on Tuesday...  What does currencies should we be looking to buy?  Good Day… and a Wonderful Wednesday to you! Well, I told you yesterday that if things didn’t change in the “not much has happened or going on” scenario, that I would pack up and take a mini-vacation, in hopes that this all changes while I’m gon...Read More

Gold will rally once Wall Street realizes it's overestimating rate-cut odds, precious metals expert predicts

March 20, 2019 / www.cnbc.com

Stephanie Landsman| @stephlandsmanPublished 14 Hours AgoCNBC.com show chapters Before gold can challenge 2018's highs, Standard Chartered predicts prices will dip lower    3:49PM ET Tue, 19 March 2019 |01:17 Metals expert Suki Cooper sees gold prices hitting a speed bump before they can challenge last year's highs.Cooper, Standard Chartered's executive director of precious m...Read More

Gold Weekly: Expect A Warm Spring 2019

March 20, 2019 / seekingalpha.com

Gold has rebounded since March 5 despite a mixed macro backdrop.Gold's spec positioning lightens for a third week in a row.ETF investors buy gold for the first time in six weeks.Expect a warm macro backdrop for gold in Spring 2019 on 1) dovish Fed's stance and 2) unsustainable rally in US equities.I am bullish on GLDM over the short term and beyond. A warm spring breeze, John Rula (Saatchi Art) In...Read More

Canada Cobalt Works is the player to watch in Northern Ontario's Cobalt Camp! Stay Tuned Read About it:...

March 20, 2019 / twitter.com

"Canada Cobalt Works is the player to watch in Northern Ontario's Cobalt Camp! Stay Tuned Read About it: https://t.co/W4OZqg5Xrz #CCW $CCW @canadacobalt #Cobalt #Mining #CCW.V #Silver #TSXV #SmallCaps #batterymetals #momentumstocks"Read full newsRead More

Analysts Pick Favorites in Discount Retail Sector

March 20, 2019 / www.schaeffersresearch.com

Both DLTR and DG options are attractively priced at the momentEvercore ISI has had a busy morning weighing in on the retail sector. The brokerage firm initiated coverage on Dollar Tree, Inc. (NASDAQ:DLTR) with an "in-line" rating and $105 price target. In addition, Telsey Advisory Group upgraded DLTR to "outperform" from "market perform," while boosting its price target to $117 from $103, followi...Read More

Bear Note Has Bed Bath & Beyond Down Again

March 20, 2019 / www.schaeffersresearch.com

Another brokerage firm is concerned about BBBY marginsEvercore ISI initiated coverage on Bed Bath & Beyond Inc. (NASDAQ:BBBY) with an "underperform" rating and $12 price target -- a discount to last night's close at $13.97. The brokerage firm expressed concern over falling margins and same-store sales, as well as increasing competition from online and discount retailers -- notably, Amazon.com (AMZ...Read More

Goldman Sachs Lowers Outlook on Monster Beverage, Southwest Airlines Stocks

March 20, 2019 / www.schaeffersresearch.com

Goldman Sachs details why it's growing more bearish on MNST and LUVEquity analysts at Goldman Sachs this morning lowered their outlooks on the shares of energy drink giant Monster Beverage Corp (NASDAQ:MNST) and travel concern Southwest Airlines Co (NYSE:LUV). The bear notes have both MNST and LUV stocks trading in the red early on today. Looking closer at MNST, Goldman downgraded its opinion to...Read More

SAGE Stock Gets Boost on FDA Approval

March 20, 2019 / www.schaeffersresearch.com

The FDA approved SAGE's postpartum depression drug ZulressoThe shares of SAGE Therapeutics Inc (NASDAQ:SAGE) are up 2% at $159.20, after its postpartum depression (PPD) drug, Zulresso, was approved by the Food and Drug Administration (FDA). Some experts' negative comments could be paring back further gains, including Leerink analyst Marc Goodman, who called the new treatment a "niche product" and...Read More

SK Innovation CEO sees EV battery business breaking even by 2021

March 20, 2019 / www.mining.com

SK Innovation Co., a supplier to automakers including Volkswagen AG, is aiming to break even on its electric-vehicle battery business by 2021, when it expects to reach mass production rates at plants being built now.The South Korean company, which earns money today from its core oil-refining and petrochemical operations, expects to ramp up EV battery-cell capacity from about 5 gigawatt hours now t...Read More

Stock Futures Inch Higher Ahead of Fed Decision

March 20, 2019 / www.schaeffersresearch.com

Oil prices are trading lower in pre-market actionDow Jones Industrial Average (DJI) futures are trading cautiously above fair value ahead of the final day of the Fed meeting. While next to no one is expecting an interest rate hike, investors are still keen to hear economic projections from Fed Chair Jerome Powell at a 2:30 p.m. ET press conference. U.S.-China trade talks remain in focus, too, esp...Read More

Coal mining comes back to the UK with $218 million project

March 20, 2019 / www.mining.com

A new ?165 million (about $218 million) coal mine, Woodhouse Colliery, has been unanimously approved by councillors in the county of Cumbria, in northwest England. The mine promises hundreds of jobs, but also protests by environmental activists.West Cumbria Mining plans to open the country's first new deep coal mine next to the site of the former Hag colliery in Whitehaven, which closed down t...Read More

Cyclone lurks off West Australia as storm hits Rio mine in East

March 20, 2019 / www.mining.com

Gas and iron ore operations on Australia's west coast are bracing for an approaching cyclone just as a severe storm in the nation's northeast dumps heavy rain on Rio Tinto Group's biggest bauxite mine.Tropical cyclone Veronica is 545 kilometers (339 miles) north of Port Hedland, a key export point for Western Australia's iron ore shipments. The storm is forecast to intensify as it moves closer to...Read More

South African court rules extension of wage agreement to AMCU valid and lawful

March 20, 2019 / www.mining.com

South Africa's labour court ruled on Wednesday that the extension of a wage agreement to cover all gold unions and non-unionised employees of mining group Sibanye-Stillwater is valid and lawful, the miner said.Sibanye had in December extended the agreement, reached the previous month with the National Union of Mineworkers, UASA and Solidarity, to all employees at its South African gold operations,...Read More

South African court rules extension of wage agreement to AMCU valid and lawful

March 20, 2019 / www.mining.com

South Africa's labour court ruled on Wednesday that the extension of a wage agreement to cover all gold unions and non-unionised employees of mining group Sibanye-Stillwater is valid and lawful, the miner said.Sibanye had in December extended the agreement, reached the previous month with the National Union of Mineworkers, UASA and Solidarity, to all employees at its South African gold operations,...Read More

Gold prices one to watch as China pushes back on US demands

March 20, 2019 / www.fxstreet.com

Gold prices have managed to achieve a rebound from the sub-$1,290 levels seen earlier this month to challenge $1,305 at the time of writing. What can be watched as a potential positive driver for Gold over the coming trading sessions is that risk-off sentiment appears to be creeping back into the markets, amid reports that China is pushing back against the United States in trade negotiations. The...Read More

METALS-Zinc climbs as stocks diminish

March 20, 2019 / www.kitco.com

* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, March 20 (Reuters) - Zinc prices rose on Wednesdayas inventories in London Metal Exchange warehouses hit freshlows, but other industrial metals dipped on uncertainty overglobal demand.Low inventories of many metals in LME-registered warehousesare helping to bolster prices despite weak economic data fromtop metals cons...Read More

Zinc price builds on 2019 rally as stocks reach just 2 days consumption

March 20, 2019 / www.mining.com

Zinc prices climbed to $2,845 a tonne on Wednesday after data showed LME warehouses now hold little over 58,000 tonnes of the metal; less than two days' worth of global consumption.Inventories are down 55% this year and are on course to arrive at levels last seen in 1990. Zinc stocks peaked in 2012 at the height of the commodities boom, reaching 1.2 million tonnes.Inventories held by the Shanghai...Read More

Data scientists and geoscientists offered A$1m to predict next big mineral deposit in South Australia

March 20, 2019 / www.mining.com

Energy and resources open innovation platform Unearthed joined forces with Adelaide-based OZ Minerals to launch the Explorer Challenge, a competition that brings together data scientists, geoscientists and mining professionals to create machine learning-based mining solutions.Competitors who achieve the goal of predicting the next big mineral deposit in South Australia using real geoscientific dat...Read More

Data scientists and geoscientists offered A$1m to predict next big mineral deposit in South Australia

March 20, 2019 / www.mining.com

Energy and resources open innovation platform Unearthed joined forces with Adelaide-based OZ Minerals to launch the Explorer Challenge, a competition that brings together data scientists, geoscientists and mining professionals to create machine learning-based mining solutions.Competitors who achieve the goal of predicting the next big mineral deposit in South Australia using real geoscientific dat...Read More

Data scientists and geoscientists offered A$1m to predict next big mineral deposit in South Australia

March 20, 2019 / www.mining.com

Energy and resources open innovation platform Unearthed joined forces with Adelaide-based OZ Minerals to launch the Explorer Challenge, a competition that brings together data scientists, geoscientists and mining professionals to create machine learning-based mining solutions.Competitors who achieve the goal of predicting the next big mineral deposit in South Australia using real geoscientific dat...Read More

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