Andrew Kaip, a BMO Capital Markets analyst, provided the outlook for this Canadian, growth-focused gold producer and the rationale for the updated metrics. Gold economyIn a May 29 research report, analyst Andrew Kaip indicated that BMO Capital Markets upgraded Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) to Outperform from Market Perform and raised its target price on the miner to US$55 from US$47...Read More
Full Article: SWOT Analysis: Brent Crude Prices Diverge From Gold And CopperBy: Frank HolmesStrengthsThe best performing metal this week was platinum, up 1.50 percent on expected Chinese demand for the metal, where demand for heavy-duty emission legislation will come into play by 2020. Bloomberg's weekly survey showed that gold traders and analysts are divided on their outlook for bullion prices...Read More
Despite the insistence of some, precious metals have not been in a bull market. After a big pop at the start of 2016, the sector has trended lower. Sure, Gold has traded up towards a major breakout but Silver and the gold stocks have trended lower. When the US Dollar corrected significantly, the stock market outperformed precious metals. Does that sound like a Gold bull market to you? The moribund...Read More
By Frank HolmesSerious gold investors know that May has historically been a weak month for the price of the yellow metal. For the 10-year and 30-year periods, the month delivered negative returns. The general decline in enthusiasm comes before the late summer rally in anticipation of Diwali and the Indian wedding season, when gifts of gold are considered auspicious. In the past, the fifth month...Read More
Cobalt prices fell midweek amid slower spot demand and easing immediate supply concerns, Metal Bulletin heard on Thursday May 31.Benchmark low-grade cobalt prices fell by 1% to $42.25-43.40 per lb, in-warehouse, on May 30. This was down from the previous assessment of $42.75-43.75 per lb.High-grade cobalt prices were assessed at $42.25-43.50 per lb, in-warehouse, down by 1.2% compared with the pre...Read More
"We can ignore reality, but we cannot ignore the consequences of ignoring reality..."Source: Thequotepedia.comGuest Post by Gary Christenson of Deviant InvestorThe western world has ignored economic realities for decades.It's not a Republican or Democratic problem. Banking, power, fiat currencies, dishonest money and transfers of wealth are the issues.The consequences of ignoring reality are...Read More
Metal Bulletin proposes to migrate its existing price assessment for battery-grade lithium carbonate, ex-works China, to an index. Data collected by Metal Bulletin shows that there is sufficient liquidity in China's domestic market to warrant the conversion of the existing assessed price to a tonnage-weighted index. The Chinese lithium market is also closely watched by lithium producers and the ba...Read More
Stainless steel prices in East Asia moved up over the past week amid sustained upward momentum in the nickel segment and falling spot market inventory levels in China.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm trimmed cold-rolled coil was $2,230-2,320 per tonne cif East Asian ports for the week ended Wednesday May 30, up $30-60 per tonne from a week earlier.Metal Bulleti...Read More
We reconnected with Dave Kranzler. Ever the skeptic, he believes that the market and especially its leaders, such as Amazon and Telsa, are heading for hard times. The fraud can continue for only so long. Same with Cryptos and housing. But other opportunities will take their place, including of course, gold, silver and mining stocks. They're holding steady and their chart patterns are extremely enc...Read More
China's ferrous futures mostly edged up during morning trading on Thursday May 31 despite a drop in the latest steel purchasing managers' index (PMI). Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,682 yuan ($573.30) per tonne, up 6 yuan per tonne October hot-rolled coil: 3,895 yuan per tonne, up 5 yuan per tonne Dalian Commodity Exchange September iron ore: 46...Read More
China's major steel mills raised their daily crude steel output rates again in mid-May on good demand and healthy profit. Member mills of the China Iron & Steel Association (Cisa) produced crude steel at an average rate of 2 million tonnes per day during the second 10 days of May, up 3% from 1.94 million tpd in early May, according to...Read More
A vice president at Goldman Sachs Group Inc. was charged with crimes related to insider trading. They made more than $140,000 from illegal trades with Continue...Read More
Prices for imported flat-rolled steel in the United States fell ahead of widespread anticipation that the Trump administration will end exemptions from Section 232 tariffs and quotas for Canada, Mexico and the European Union.Tariffs, quotas or a combination of both will kick in at 12.01am US Eastern Time on Friday June 1, unless President Donald Trump backtracks at the last minute, sources said.A...Read More
Continue...Andrew P. Napolitano, a former judge of the Superior Court of New Jersey, is the senior judicial analyst at Fox News Channel. Judge Napolitano has written seven books on the U.S. Constitution. The most recent is Suicide Pact: The Radical Expansion of Presidential Powers and the Lethal Threat to American Liberty.Read More
Imported steel billet prices fell, while domestic rebar prices were unchanged in Egypt this week on limited demand, sources told Metal Bulletin on Thursday May 31. Metal Bulletin's weekly price assessment for domestic rebar in Egypt on May 31 was unchanged at E ?12,525-12,528 per tonne ex-works. The country's rebar biggest producer, Ezz Steel, is...Read More
One trade war may be enough to push the struggling global economy into another recession, but the U.S. government has apparently decided that it is time to Continue...Read More
SHANGHAI, May 31 (SMM) – Most nonferrous metals rose on Thursday May 31. SHFE nickel surged 2.5% and registered a three-year high of 114,680 yuan/mt. SHFE zinc gained 1.5% with lead and copper slightly up. SHFE aluminium lost 0.78% and tin dipped.The ferrous complex rose across the board. Coking coal jumped 2.4%, coke rose 1.7%, rebar gained 1.5%, hot-rolled coil inched up clo...Read More
It was Widdup that called the early stages of a new mining boom in early 2016.Read More
Turkish domestic rebar and wire rod prices have increased on a US dollar basis on the back of a strengthening lira even though demand remains low, sources said on Thursday May 31.Metal Bulletin's weekly price assessment for domestic rebar in Turkey on Thursday was $550-565 per tonne ex-works, up from $545-555 per tonne last week.The lira rebounded from a record-low last week, after the country's C...Read More