Gold could see a corrective bounce above $1,290, as the 4-hour chart is showing signs of bearish exhaustion. 4-hour chart Multiple long-tailed candles near $1,280 support indicate seller exhaustion. That coupled with a bullish divergence (higher lows on the RSI) indicate scope for a corrective move higher to descending 10-day MA, currently located at $1,300. The probability of a corrective...Read More
Would you believe that March and April, historically, shows a 2 to 1 statistical probability of NG moving higher. Each of these months shows, historically, that NG has a strong potential for at least a $1.00 upside price move in both March and April. Only 1/3 of the historically testing time (23 years) did the price of NG actually decrease.How do we know this? We've built proprietary price m...Read More
As Lion One moves forward with getting its low-cost, fully permitted Fiji gold mine into production, Dr. Quinton Hennigh joins the team as an advisor.Read full newsRead More
"$MA - Mastercard, Inc. (MA) Management Presents at Evercore ISI Payments & FinTech Innovators Forum Conference (Transcript) https://t.co/k4I7qNpqfh"Read full newsRead More
"North Bud Farms Clarifies Terms of Binding Letter of Intent to Enter U.S. Market with Strategic Acquisition of Multi-State Licensed Operator Eureka Vapor --@Northbudco #NBUD $NBUD $NOBDF #CSE #momentumstocks #MarijuanaStocks --Read the News Release here: https://t.co/j7IlMejsTd"Read full newsRead More
Part 2 In gold exploration, high-grade discoveries excite the market. This is because retail investors expect a high-grade deposit, if it ever becomes a mine, to be more profitable. But a closer look at high margin projects shows that high grade isn't always king. In the first part of this series, we drilled down, pun ...Read full newsRead More
Part 2 In gold exploration, high-grade discoveries excite the market. This is because retail investors expect a high-grade deposit, if it ever becomes a mine, to be more profitable. But a closer look at high margin projects shows that high grade isn't always king. In the first part of this series, we drilled down, pun ...Read full newsRead More
"Crystal Lake Maiden Drilling at Burgundy Ridge Confirms Copper-Rich New Discovery -- #CrystalLake $CLM #CrystalLakeMining #momentumstocks #smallcap #PeterLightfoot #Nickel #Cobalt #Mining #Exploration --Read the News Release here: https://t.co/a20FI16BTn"Read full newsRead More
The price of copper slid back again on Friday after trade data showed a plunge in Chinese imports of refined metal, even as concentrate shipments set fresh highs.Copper for delivery in May hit a low of $2.89 per pound ($6,370 a tonne) in overnight trading on the Comex market in New York, down from just shy of the $3.00 mark reached a week ago.China consumes half the world's copper, and trade data...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell Thursday for a fourth straight session even after the European Central Bank said it would keep interest rates at near-record lows until at least the end of the year, effectively insuring the Federal Reserve won't tighten anytime soon.Kroger (KR) posted weaker-than-expected fourth-quarter earnings Thu...Read More
Base metals price on the London Metal Exchange were mostly lower at the close of trading on Thursday March 7, with price movements limited by a surge in the US dollar index above the psychologically significant level of 97, while both lead and tin futures retained support.The three-month lead price closed once more above its nearby resistance level of $2,100 per tonne, and continued to exhibit an...Read More
The Comex copper price continued to drift on Thursday March 7 with uncertainty around US-China trade talks forcing market participants to retreat and delay any serious price action. The copper price for May settlement on the Comex division of the New York Mercantile Exchange declined 1.15 cents to $2.9070 per lb. Additionally, European buying was lackluster ahead of the European Central Bank's pol...Read More
UC Rusal's net profit rose by 39% year on year in 2018, despite the aluminium producer operating under trading sanctions imposed by the United States for the majority of the year, Rusal said in its results statement on Thursday March 7. Rusal recorded a net profit of $1.689 billion compared with $1.222 billion in 2017. The company's revenue increased by 3.1% to $10.28 billion from $9.969 billion f...Read More
Jack ChanPosted Mar 7, 2019Gold sector as represented by $HUI is on a long-term sell signal.Long-term signals can last for months and are more suitable for investors.Gold sector as represented by $HUI is on a short-term sell signal.Short-term signals can last for weeks and are more suitable for traders.GDX – our gold stock ETF has confirmed bottoms with breakouts.The trend is up.The multi ye...Read More
UC Rusal's net profit rose by 39% year on year in 2018, despite the aluminium producer operating under trading sanctions imposed by the United States for the majority of the year, Rusal said in its results statement on Thursday March 7. Rusal recorded a net profit of $1.689 billion compared with $1.222 billion in 2017. The company's revenue increased by 3.1% to $10.28 billion from $9.969 billion f...Read More
Stagnant spot activity continued to weigh on the cobalt sulfate price in China, with spot offer prices marching lower in the mid-week assessment on Wednesday March 6 amid persistent selling pressure. Fastmarkets assessed the Chinese cobalt sulfate, basis 20.5% Co market price at 57,000-60,000 yuan ($8,491-8,938) per tonne on March 6, down by 3,000-4,000 yuan per tonne or 5.6% from 60,000-64,000 yu...Read More
European aluminium ingot is trading at its lowest level in three years, sparking a significant decline in scrap prices on Wednesday March 6. Fastmarkets assessed the price of aluminium scrap and foundry ingots LM24 gravity diecasting ingot in the United Kingdom at ?1,370-1,420 ($1,801-1,867) per tonne on Wednesday, down from ?1,380-1,440 per tonne the week before and at its lowest level sin...Read More
Turkish steel producers continued to replenish low stock levels by booking more deep-sea scrap at firm prices, sources told Fastmarkets on Thursday March 7.A steel mill in the Marmara region booked a US cargo comprising 32,000 tonnes of HMS 1&2 (80:20) at $322 per tonne, 5,000 tonnes of shredded at $327 per tonne and 3,000 tonnes of bonus at $332 per tonne cfr.This was...Read More
The Comex copper price continued to drift on Thursday March 7 with uncertainty around US-China trade talks forcing market participants to retreat and delay any serious price action. The copper price for May settlement on the Comex division of the New York Mercantile Exchange declined 1.15 cents to $2.9070 per lb. Additionally, European buying was lackluster ahead of the European Central Bank's pol...Read More
Three-month base metals prices on the London Metal Exchange were for the most part weaker again this morning, Thursday March 7.With the exception of tin that was up by 0.5% and aluminium that was little changed, the rest of the complex were down between 0.2% for lead and 1.4% for nickel.Copper was off by 0.4% at $6,428 per tonne, compared with $6,455 per tonne at Wednesday's close, while nickel ha...Read More