SHANGHAI, Feb 23 (SMM) – Global nickel deficit in 2017 stood at 103,400 mt, compared with a deficit of 42,200 mt in 2016, according to a report by International Nickel Study Group (INSG) on Thursday February 22. In December 2017, the deficit was 12,400 mt. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, p...Read More
4 Hot Things In the Market Right Now Roku (ROKU) shares plunged 17% on Thursday on tepid first quarter guidance. Here's what the company's CFO just told TheStreet. Bullish sentiment on the markets has plummeted 17.5 points the past three weeks (lowest since mid-September), according to data tracked by Yardeni Research. New Dine Brands Global (DIN) CEO Steve Joyce told TheStreet's sister public...Read More
U.S. filings for unemployment benefits fell to a five-week low, suggesting tightening in a labor market already operating near full capacity, Labor Department figures showed Thursday.Highlights of Jobless Claims (Week Ended Feb. 17)Jobless claims decreased 7k to 222k (est. 230k)Continuing claims fell by 73k to 1.875m, a six-week low, in week ended Feb. 10 (data reported with one-week lag); biggest...Read More
S&P 500 halts 2-day slide after erasing gain of 1 percentTreasuries advance after Wednesday's drop; crude risesCredit Suisse's Porter Expects Weak Dollar Will Start to Be Resolved U.S. stocks eked out a gain to halt a two-day slide, but not before erasing an advance that topped 1 percent as investors grappled with the threat from higher interest rates. Treasuries edged higher and the dollar slumpe...Read More
3 Hot Things In the Market Right Now Roku (ROKU) shares plunged 17% in pre-market trading on tepid first quarter guidance. Here's what the company's CFO just told TheStreet.Bullish sentiment on the markets has plummeted 17.5 points the past three weeks (lowest since mid-September), according to data tracked by Yardeni Research.New Dine Brands Global (DIN) CEO Steve Joyce told TheStreet's sister...Read More
The latest news and price moves to start the Asian day on Friday February 23.Most base metals retreated on the London Metal Exchange on Thursday February 22, with the complex caught in a sell-off. Read more in our live futures report.Here are how LME prices looked at Thursday's close:Wieland-Werke plans to acquire Aurubis' rolled-products division later this year, which is intended to ki...Read More
Sometimes the most important news is buried so deep it's not even news. A certain story may be the most important market development by far, but if no one notices and no one understands the significance, it hardly qualifies as news.We had an event like that last week. The most important financial story I have read in a long time went completely unnoticed. It was not reported in the mainstream medi...Read More
Yesterday, the Fed released the minutes from its January Federal Open Market Committee (FOMC) meeting.The minutes revealed that most members expect higher economic growth ahead, indicating that “further gradual policy firming would be appropriate.”Stocks initially rallied when the report was released, since it didn't appear to raise fears of rapidly rising inflation. It seemed to indic...Read More
Only one full month of the year in the books and the “Hot Money” is telling me 2018 is a different market.We’ll likely continue to see volatility, even severe swings, for at least the first part of 2018.Let me explain…“Hot Money” is when someone risks all or nothing that a stock will either skyrocket higher or sink lower.This type of trading happens every day i...Read More
The bulls took charge Wednesday morning.The major averages were up more than 1% on the day. Stocks were holding their gains and looking to erase the damage caused by the rapid-fire pullback that shook the markets earlier this month.But everything changed during the last hour leading into the closing bell.The rally suddenly imploded and stocks spiraled lower. Gains vaporized in the blink of an eye,...Read More
Asian stocks have not been this cheap since the Asian Financial Crisis of 1997...Which is a little strange because there is nothing in the economies of Asia today that even compares to the last crisis.In fact, right now the valuation spread between the MSCI Asia Pacific Index and the S&P 500 is wider than it’s been since 2002 on both a price to earnings basis and a price to book basis.Mo...Read More
Aurion, Novo, Garibaldi, Equinox, Almadex, Almaden, Pretium, Tristar, Northern Dynasty, First Mining Finance, Gold Mining Inc, EMX RoyaltiesRead More
Gold is supported by friendlier macro forces in spite of fading risk aversion.Speculators cut their net long positions for a 3rd week in a row, the CFTC shows.ETF investors rebuild long positions in gold, albeit at a small pace, according to FastMarkets' estimates.Expect gold to remain in an uptrend thanks to friendlier macro forces in the months ahead.I am long IAU with a very long-term approach...Read More
Since gold has no intrinsic value and limited industrial applications, a position in gold is all about watching demand trends in the precious metal.Introducing a quantitative system for gold investing based on trend following and relative strength.Looking at the economic landscape, accelerating inflation could be a strong tailwind for gold.Gold as an investment is a very particular asset class. Th...Read More
The ratio tends to signal the path of prices.February 2018 looks a lot like 2016.Silver is like a rubber band.It has been a long time since we have seen a big move on the upside.Silver will attract speculative interest when it starts to move.Establishing whether the price of a commodity or any asset, is cheap or expensive is often a subjective exercise. I believe that use of those attributes is in...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange gained 1.12 points to 829.19 Thursday.Matthew Wood's Australian-Mongolian-Canadian shell-making group has filed a preliminary prospectus to list its second capital pool shell, Spirit Banner II Capital Corp. The...Read More
Yamana Gold shares fall after the release of Q4 report.The story of disappointments continues.Expect to see Yamana's shares near $2.50 if gold price has some more downside.Yamana Gold (AUY) has recently reported its fourth-quarter results. The company has often disappointed its investors in the past and Q4 results were not an exception. The company booked another loss below analysts' expectati...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellFormer Swisher Hygiene Inc. chief financial officer Joanne Viard, who is in jail awaiting sentencing for a 2011 fraud, has lost her effort for release on bond. In denying her request, the judge cited two egregious drinking incidents that resulted in t...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellWalter Reissman, the "right-hand man" to Vancouver-linked fraudster Ed Durante in a pink sheets scheme, has asked for a non-custodial sentence, or one that does not include jail. He claims that his role in the fraud only came about after Mr. Durante u...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for April delivery lost 22 cents to $61.68 on the New York Merc, while Brent for April gained 17 cents to $65.42 (all figures in this para U.S.). Western Canadian Select traded at a discount of $28 to WTI...Read More