Commodities love a tragedy.Last week's burst of a tailings dam at a Vale SA iron ore mine in Brazil's Minas Gerais state has left close to a hundred, and possibly approaching 400, people dead. Far from wilting at the news, iron ore has been surging - up 12 percent in the last five days, its biggest five-day jump in about 18 months.That seeming cold-heartedness is only natural. Vale produces about...Read More

* Xinfa Group, one of China's top aluminium producers, has reduced output at its alumina plant in southern China's Guangxi region due to tight bauxite supply, according to a company official and a consultancy.* Production has been reduced by 500,000 tonnes on an annual basis, said the Xinfa official, who put the plant's total capacity at 3 million tonnes per year.* Consultancy Baiinfo said the dai...Read More

DECK is pacing for its best session since 2017The shares of Deckers Outdoor Corp (NYSE:DECK) are soaring this morning, up 9.6% at $140.78 -- and earlier touching a record high of $146 -- after the company announced earnings and revenue that beat analysts' expectations for its fiscal third quarter. The company also issued upbeat full-year guidance. Today, DECK is pacing for its best day since May 2...Read More

* Chinese premiums rise to $10-$12 an ounce* No import duty cut in India's budget* Weak currency keeps demand subdued in Hong Kong* Japan offers discount for first time in 20 weeksDemand for physical gold gathered pace in top consumer China ahead of the Lunar New Year holiday, while activity was muted in India as jewellers held off on purchases in anticipation of the country's budget presentation...Read More

Gold prices are acting as a tailwind.KGC is likely to deliver a strong Q4 when it announces results in mid-February.The long-term outlook will depend on the company's operational performance delivered in-line with targets, and a sustained improvement in gold prices.The technical price chartand analysts' recommendations also indicate a buy at current prices.When I last wrote on Kinross Gold (KGC),...Read More

In the aftermath of Brazil's deadliest mine disaster, a nasty and familiar feud has broken out.Green groups and community activists blamed avaricious industrialists, free-market fundamentalists and their official enablers for gutting safety protocols that led to last week's collapse of a tailings dam at Vale SA's Feijao iron ore mine, in Minas Gerais state, which has claimed at least 110 lives, wi...Read More

Wedbush sees more than 50% upside for the sharesApplebee's and IHOP parent Dine Brands Global Inc (NYSE:DIN) is in focus this morning following a very bullish note out of Wedbush. The brokerage firm started coverage on the equity with an "outperform" rating and $120 price target. DIN shares were last seen trading up 2.9% at $78.50, so this price target is calling for a nearly 53% rise in the secur...Read More

Zambia has fired Pius Kasolo, the chief executive of state mining investment arm Zambia Consolidated Copper Mines Investment Holding (ZCCM-IH), Mines Minister Richard Musukwa said on Friday, without giving a reason.On Monday, Kasolo said the government should quickly resolve its tax row with mining companies to avoid hitting operations and ZCCM-IH dividends.Zambia, Africa's No.2 copper producer, i...Read More

First it was the Libor-rigging cartel, then the FX exchange-rate manipulation cartel, now, European regulators have moved on to prosecutingRead full newsRead More

Miner and trader Glencore on Friday stuck to its 2019 production targets and said cobalt output last year soared 54 percent while copper rose 11 percent due to the restart of operations in the Democratic Republic of Congo.Production of cobalt, used in batteries for electric vehicles, reached 42,200 tonnes in 2018 while copper hit 1.453 million tonnes. Zinc output was mostly flat year-on-year at 27...Read More

Mitsui & Co on Friday cut full-year profit forecast by 2 percent due to the absence of a dividend from Vale, but the Japanese trading house does not plan to change its holding in the Brazilian miner, a company executive said.With 110 people confirmed dead and another 238 missing, according to firefighters' count on Thursday evening, the collapse of tailings dam, which belongs to top iron ore miner...Read More

The shares are trading down almost 4% ahead of the bellThe shares of Opko Health Inc. (NASDAQ:OPK) are down 3.8% in electronic trading, after the Florida-based diagnostics firm said its suspending a mid-stage trial studying OPK-88004, a selective androgen receptor modulator (SARM) used on patients with benign prostatic hyperplasia. This is offsetting news the Food and Drug Administration (FDA) app...Read More

AMZN results could weigh down the tech sector, thoughU.S. stock futures are trading mixed, as traders consider this morning's surprising jobs report. Specifically, nonfarm payrolls for January showed the economy added304,000 jobs, torching estimates of 170,000 despite the government shutdown. While the unemployment rate moved up slightly to 4%, Wall Street will be wondering how the strong economic...Read More

GOLD I covered our long Gold position because as it struck 1326 it just did not want to stay up there, and the lower close after making for Gold a new Yearly high was a bit disconcerting so I covered longs at 1321 and look again....Gold needs to break this 1326 area to stand a chance of trading higher. Can we break it when the market is so overbought... I don't think so...but remember these in...Read More

Residents of Brumadinho, Brazil, where a mining dam ruptured last week leaving at least 110 dead, 238 missing and an environmental disaster of epic proportions, claim a law-enforced alarm didn't go off on time to save lives, local media report.According to O Globo, one of the most respected Brazilian publications, mining giant Vale (NYSE:VALE) acknowledged that warning sirens at its C??rrego do...Read More

Residents of Brumadinho, Brazil, where a mining dam ruptured last week leaving at least 110 dead, 238 missing and an environmental disaster of epic proportions, claim a law-enforced alarm didn't go off on time to save lives, local media report.According to O Globo, one of the most respected Brazilian publications, mining giant Vale (NYSE:VALE) acknowledged that warning sirens at its C??rrego do...Read More

Sokoman Iron (TSXV: SIC) announced that it now owns a 100% interest in the Moosehead gold property, located in central Newfoundland, Canada.In a press release, Sokoman said, as required in the option agreement it signed with Altius Resources (TSX: ALS), the company invested $500,000 in exploration expenditures as an operator within the first year of the closing of the deal.Core from one of the hol...Read More

Eldorado Gold unexpectedly changed its Kisladag development plans.The heap-leach mining will resume in Q1, without the need to build the expensive mill.Eldorado Gold should produce 390,000-420,000 toz gold this year and 520,000-550,000 toz gold next year.With the improved cash flow and no Kisladag mill expenditures, a range of new options opens up for Eldorado Gold.Shares of Eldorado Gold (EGO) ju...Read More

Sokoman Iron (TSXV: SIC) announced that it now owns a 100% interest in the Moosehead gold property, located in central Newfoundland, Canada.In a press release, Sokoman said, as required in the option agreement it signed with Altius Resources (TSX: ALS), the company invested $500,000 in exploration expenditures as an operator within the first year of the closing of the deal.Core from one of the hol...Read More

A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More