How to (carefully!) play a negative sentiment extreme in the options market"...put open interest at the SPY 280 strike was huge, and a break of this level proved devastating for bulls, as selling accelerated under heavy futures selling."...If the SPY remains above 272 and, better yet, 275, time is on the side of the bulls, as short-covering related to put open interest at these strikes and below c...Read More
The metals continue to pick up strength and look like they are getting ready to blast off. The key here is not to be too impatient and force the trade too early. There will be plenty of time to enter, but the key levels right now are $1,220-$1,240.After breaking out to the upside a couple of weeks ago, gold has found new support within its new consolidation range. The action has been bullish and i...Read More
(Kitco News) - Gold prices are modestly down in early U.S. trading Monday, pressured a bit by a return of trader and investor risk appetite to the world marketplace—despite potentially disruptive elements that still loom over the stock and financial markets. December gold futures were last down $3.20 an ounce at $1,225.50. December Comex silver was last down $0.01 at $14.64 an ounce.Global s...Read More
Migrants used wooden-handled hooks and shoes fitted with spikes to scale the dangerous razor-wired fence...Read full newsRead More
Brazil's Vale expects the EV revolution to boost battery market nickel demand to as much as 700,000 tons in 2025, from just 36,000 tons this year.Read full newsRead More
Yet anotherRead full newsRead More
...complacency across all 'risk-off' assets had reached epidemic levels as equities broke out to new highs... Then the calendar rolled over to October and everything changed...Read full newsRead More
Canada's RNC Minerals (TSX: RNX), the company that last month unearthed more than 9,000 ounces of high-grade gold from a single blast at its Australian Beta Hunt mine, said Monday the first mobile diamond drill has arrived at site and underground drill crews have started the exploration program at the site.The Toronto-based miner said, set to release third-quarter production results to this...Read More
Canada's RNC Minerals (TSX: RNX), the company that last month unearthed more than 9,000 ounces of high-grade gold from a single blast at its Australian Beta Hunt mine, said Monday the first mobile diamond drill has arrived at site and underground drill crews have started the exploration program at the site.The Toronto-based miner said, set to release third-quarter production results to this...Read More
Canada's RNC Minerals (TSX: RNX), the company that last month unearthed more than 9,000 ounces of high-grade gold from a single blast at its Australian Beta Hunt mine, said Monday the first mobile diamond drill has arrived at site and underground drill crews have started the exploration program at the site.The Toronto-based miner said, set to release third-quarter production results to this...Read More
ROME, Oct 22 (Reuters) - Prime Minister Giuseppe Contedefended on Monday Italy's 2019 budget, which has fallen foul ofthe European Commission, saying the failure of previous effortsto stimulate the economy meant a new approach was needed.In a wide-ranging news conference, Conte said he wantedconstructive dialogue with the Commission over the contestedfiscal package, and predicted that growth would...Read More
* Spot gold hovering near 100-day moving average * Speculators cut net short position in week to Oct. 16 * Palladium hits highest in nearly 9 months (Updates prices, adds comment)By Sumita LayekBENGALURU, Oct 22 (Reuters) - Gold fell on Monday as risingstock markets pointed to improved investor appetite for risk,with a slightly firmer dollar also sapping bullion's appeal. Spot gold was down 0.2 pe...Read More
* Italian yields slide on ratings decision, Rome comments* Euro gives up rally against dollar, holds vs Swiss franc * Chinese stimulus expectation boosts market sentiment * Graphic: World FX rates in 2018 (Adds quotes, details, updates prices)By Tommy WilkesLONDON, Oct 22 (Reuters) - The euro failed to holdearly-session gains on Monday as investors focused on thelikelihood of further political unc...Read More
(Adds details on succession, stake, background)Oct 22 (Reuters) - Glencore Chief Executive IvanGlasenberg has told investors he plans to retire from thecommodities trader and miner in three to five years, Bloombergreported on Monday. Glasenberg has started training three to four people tosucceed him in the job, but did not disclose the shortlist ofcandidates, Bloomberg reported, citing people fami...Read More
Canada's Nutrien (TSX:NTR), the world's largest potash miner whose attempt to sell its 24 percent stake in Chilean lithium miner SQM to China's Tianqi has been hindered by a row about competitive risks, accused SQM's largest shareholder of blocking the deal for "personal benefit".In an interview with a Chilean newspaper El Mercurio (in Spanish), Nutrien's executive vice-president Michael W...Read More
Canada's Nutrien (TSX:NTR), the world's largest potash miner whose attempt to sell its 24 percent stake in Chilean lithium miner SQM to China's Tianqi has been hindered by a row about competitive risks, accused SQM's largest shareholder of blocking the deal for "personal benefit".In an interview with a Chilean newspaper El Mercurio (in Spanish), Nutrien's executive vice-president Michael W...Read More
Albemarle and SQM can't settle water disputes, and a sale might draw them closer.Read full newsRead More
Oct 22 (Reuters) - Hindustan Zinc Ltd reported a29.8 percent fall in second-quarter profit on Monday, dented byhigher expenses.Net profit dropped to 18.15 billion rupees ($247.43 million)in the quarter ended Sept. 30, from 25.84 billion rupees a yearearlier, the zinc miner said.Revenue from operations fell 10 percent to 47.77 billionrupees. However, mined metal production in the quarter rose sixpe...Read More
(Updates with closing prices)By Pratima DesaiLONDON, Oct 22 (Reuters) - Copper prices hit one-week highson Monday due to expectations of stronger demand afterauthorities in top consumer China said they would take measuresaimed at bolstering growth and liquidity.Benchmark copper on the London Metal Exchange endedup 0.3 percent at $6,242 a tonne. It earlier touched $6,331.50 atonne, the highest sinc...Read More
South Africa's Lonmin (LON:LMI), the struggling platinum producer in the process of being taken over by rival Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), said Monday it had raised $200 million through a metal-for-loan deal with a state-backed Chinese company.Under the deal, Lonmin will repay most of the loan by delivering platinum and palladium over a three year period to a subsidiary of Jiangxi Cop...Read More