"In 35 years of observing charts, I'll share this deduction. Markets either repeat or do exact opposite. LEAST VELOCITY=same thing/repeat. GREATEST VELOCITY=EXACT OPPOSITE when the turn comes=MIRRORS (not exact)While there are NO ABSOLUTES - odds favor GDX heading to # 4 on chart"Read full newsRead More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata"), is pleased to announce that it has signed a distribution agreement with Allcan Distributors ("Allcan") in preparation for the launch of the Uniden (R) UV350 in-vehicle 4G/LTE device in Canada.Allcan's distribution reach is a key component to Siyata's strategy as they distribute through channels for...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average traded lower Monday after closing last week with a gain of 0.4%.The S&P 500 also fell into negative territory. The S&P 500 has closed lower in 10 of the past 12 sessions.Hasbro Inc. (HAS) tumbled 3.1% after the toymaker posted third-quarter earnings and revenue that missed expectat...Read More
BASF and Nornickel have established a strategic partnership centered around battery materials for electric vehicles, including a feedstock supply deal and co-located facilities, the companies said.The European chemical company has selected Harjavalta, Finland, as the first location for battery materials production that will serve the European automotive market. The plant will be constructed adjace...Read More
Base metals prices on the London Metal Exchange were higher across the board by the close of trading on Monday October 22, with prices elevated despite a slightly weaker US stock market opening in addition to a strong US dollar index. Despite a fresh cancelation of more than 25,000 tonnes from LME-listed warehouses in Singapore, the three-month aluminium price drifted down from its intraday high o...Read More
Comex copper prices traded at one-week high in the US morning on Monday October 22 amid hopes for added Chinese stimulus measures. The copper price for December settlement on the Comex division of the New York Mercantile Exchange gained 2.65 cents to $2.8045 per lb. The complex is broadly higher on strong macroeconomic data, especially from China. "They are receiving buoyancy from sharply rising.....Read More
Bob Moriarty ArchivesOct 23, 2018Investors are funny. You can go to the chat boards and read about Novo Resources that had an incredible run in 2017 and read about how unhappy investors are that the price of shares has gone down. It’s my entire fault or it’s Quinton’s fault or it’s Eric Sprott’s fault. It’s everyone’s fault except the investors who wanted...Read More
Prices for China-origin UG2 chrome ore and Turkish lumpy chrome ore rose over the trading session on Friday October 19, while Chinese domestic ferro-chrome spot prices fell slightly on weak demand from stainless steel mills. Turkish lumpy chrome ore prices to China make strong gain in wake of higher UG2 prices Chrome ore price in China supported by lower estimates of stocks Domes...Read More
Chilean lithium producer Sociedad Quimica y Minera de Chile (SQM) sold 15% less lithium carbonate quarter-on-quarter in July-September 2018, it said in an announcement preceding its third-quarter earnings statement.A delay to the ramp-up process at SQM's lithium operations at Antofagasta in Chile, and logistical challenges created by low inventory levels, were the core reasons behind the reduced v...Read More
Jack ChanPosted Oct 22, 2018GLD – on buy signal.***SLV – on buy signal.***GDX – on buy signal.***XGD.TO – on buy signal.***CEF – on buy signal.***GDXJ – on buy signal.***Speculation remains at multi decade low, but short covering has begun.Speculation remains at multi decade low, but short covering has begun.A tradable bottomis now in place.Need to see a breakou...Read More
The Monday Market Minute Global stocks rally after China tax pledge helps domestic markets rip to their biggest single-day gain in three years.Beijing aims to tackle slowing growth and trade war impact with tax cuts that could be worth $1.2 trillion after Q3 GDP showed the slowest growth in a decade.European stocks gain, with autos and basic resources leading the advance, even as Italy's budget...Read More
Prices for China-origin UG2 chrome ore and Turkish lumpy chrome ore rose over the trading session on Friday October 19, while Chinese domestic ferro-chrome spot prices fell slightly on weak demand from stainless steel mills. Turkish lumpy chrome ore prices to China make strong gain in wake of higher UG2 prices Chrome ore price in China supported by lower estimates of stocks Domes...Read More
The Chinese-owned Chambishi copper smelter in Zambia has slashed the guidance figure for its 2019 production of blister copper by more than 20%, Fastmarkets has learned.The decision was prompted by new import tariffs to be applied to copper concentrates imported from the neighboring Democratic Republic of Congo (DRC), which could raise raw material costs for producers in Zambia.Chambishi is expect...Read More
A sudden reduction in published estimates of chrome ore stock in China has contributed to a recovery in prices for the steel-making raw material since September after earlier high estimates had weighed on prices, market sources told Fastmarkets MB.Published Chinese chrome ore stock estimates from Chinese price reporting agency Ferroalloynet have dropped below the 3 million tonnes reported late in...Read More
Key data from the pricing sessions in London and Shanghai on Friday October 19. China The Chinese grade 553 silicon export price rose against a backdrop of tight supply on the looming dry season from November to May when refineries in Sichuan and Yunnan province curb production as a result of a lack of cheap hydroelectric power. Stockpiling activity among both traders and downstream co...Read More
Global antimony prices were under pressure last week, falling both in China and Europe, following on from continued weak demand for the metal.Fastmarkets MB assessed standard grade-II antimony prices, in-warehouse Rotterdam, at $8,150-8,450 per tonne on Friday October 19, stable from Wednesday, when prices had fallen from $8,400-8,600 per tonne.The trioxide grade price was also steady at $8,150-8,...Read More
S&P 500 companies are expected report quarterly earnings of more than $340 billion over the next few weeks, as a combination of government stimulus and surging economic growth drives bottom line growth, but rising interest rates, U.S.-China trade tensions and the fading affect of Republican-led tax cuts likely points to a steady slowdown in the months ahead. Third quarter earnings, how...Read More
The Turkish deep-sea scrap market was quiet on Monday October 22 but bookings that came to light late on Friday have kept prices stable.Trades for two deep-sea cargoes emerged after the deadline for data submission to Fastmarkets' price assessment on Friday.These two cargoes continued the trend of Turkish mills buying European and Baltic Sea material. No deals for material from the United States h...Read More
Turkish domestic scrap prices have fallen over the past week because the country's lira continued to regain some of its former value, sources said on Monday October 22.Fastmarkets' weekly price assessment for auto bundle (DKP grade) ferrous scrap was TRY1,770-1,940 ($313-343) per tonne delivered on Monday, compared with last week's TRY1,850-2,040 per tonne.The rise in the assessment came after som...Read More
* Holdings in SPDR Gold Trust fall * Spot gold may hover below $1,235/oz - technicals (Adds quotes, updates prices)By Eileen SorengBENGALURU, Oct 22 (Reuters) - Gold prices edged higher onMonday towards a 2-1/2-month peak hit last week as the dollareased and worries over rising political tensions and slowingglobal economic growth lent support to the metal.Spot gold was up 0.1 percent at $1,226.43...Read More