I am buying NUGT as a hedge against my portfolio.Rising inflation is pressuring bonds and stocks lower.NUGT could see price gains amid current market volatility.With gold prices looking strong amid an uncertain macroeconomic environment, adding long exposure to Direxion Daily Gold Miners Bull 3X ETF (NUGT) could be an attractive play going forward. Gold prices have held up well the last few months...Read More
The latest news and price moves to start the Asian day on Tuesday March 6.Copper and tin bucked the trend as base metals closed lower on the London Metal Exchange on Monday March 5. Read more in our live futures report.Here are how LME prices looked at Monday's close:The largest zinc delivery in nearly five years into LME-approved warehouses in New Orleans has swung the zinc cash/three-month...Read More
Iran is implementing its nuclear-related commitments under the Joint Comprehensive Plan of Action (JCPOA), Yukiya Amano, director general of the International Atomic Energy Agency (IAEA) confirmed to his board of governors yesterday. Amano said the plan represents a "significant gain" for nuclear verification.Yukiya Amano addresses the IAEA Board of Governors (Image: Dean Calma/IAEA)Amano said IAE...Read More
Swiss utility Axpo has received regulatory approval to bring unit 1 of the Beznau nuclear power plant (KKB) back into service this month after evidence it submitted last December proved aluminium oxide inclusions in the reactor pressure vessel do not affect the unit's safety.Beznau unit 1 (Image: ENSI)he RPV was manufactured in the Creusot Forge in France in the 1960s. According to the production...Read More
The three-month copper price rebounded over $7,000 per tonne for the first time this month at the close on Tuesday March 6, with the metal undergoing a short-covering rally. "Given the drop in open interest so far this week, LME copper seems to be experiencing a short-covering rally. But fresh buying needs to emerge to make the LME copper strength sustainable," Boris Mikanikrezai, Metal Bulletin a...Read More
The changing dynamics of bauxite and alumina markets have demanded an evolution in the means of pricing them. The alumina market - and the way it is priced - has transitioned over the past 10 years. Fixed-price, long-term contracts, agreed as a percentage of the aluminium price on the London Metal Exchange, have instead transformed into contracts tied to third-party reference prices or indices, in...Read More
Bob Moriarty ArchivesMar 06, 2018There are websites that offer short tests that claim to tell you if you might qualify for Mensa. That's the group for the top 2% of people in IQ. I've never bothered taking the tests. I didn't need to.When I went through Marine Corps Boot Camp in the fall of 1964 all recruits had to take a general intelligence test called the GCT. My score qualified me for Mensa. I...Read More
Should this surprise anyone?An interesting study by a Phd candidate at the University of Chicago is being released which shows a statistically high incidence in taxi trips between the NY Fed and big NY banks clustered around FOMC meetings:Mr. Finer writes that "highly statistically significant patterns in New York City yellow taxi rides suggest that opportunities for information flow between indiv...Read More
Base metals prices on the London Metal Exchange were higher across the board during morning trading on Tuesday March 6 - with the complex beginning to recover from Monday's weakness. Zinc prices hit a fresh two-month low yesterday after 78,950 tonnes were delivered into LME-approved warehouses in New Orleans. But the three-month zinc price was $26.50 higher per tonne this morning despite 14,175 to...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comMar 6, 2018Gold is showing solid rallies from my $1310 area buy zone (basis April futures). From both a love trade and fear trade perspective, the fundamental picture is becoming more positive.Pleaseclick here now. I’ve repeatedly highlighted the fact that while America has the worl...Read More
Ganzhou Tungsten Association (GTA) has raised its tungsten price forecasts for March in line with the price recovery in the spot market after the Chinese New Year break and due to strong expectations for tighter supply in tungsten concentrates in March. The China-based association forecast average prices for black tungsten concentrate 65% and ammonium paratungstate (APT) in March at 113,000 yuan (...Read More
The Chinese vanadium market followed European prices upward last week, in its first full week since returning from the Chinese New Year break. Meanwhile, the US and European markets continued to strengthen on thinning stocks and healthy spot demand. Chinese vanadium prices surge after emerging from Chinese New Year European market continues uptrend in light of supply constraints US ferro-vanadium...Read More
The changing dynamics of bauxite and alumina markets have demanded an evolution in the means of pricing them. The alumina market - and the way it is priced - has transitioned over the past 10 years. Fixed-price, long-term contracts, agreed as a percentage of the aluminium price on the London Metal Exchange, have instead transformed into contracts tied to third-party reference prices or indices, in...Read More
Ganzhou Tungsten Association (GTA) has raised its tungsten price forecasts for March in line with the price recovery in the spot market after the Chinese New Year break and due to strong expectations for tighter supply in tungsten concentrates in March. The China-based association forecast average prices for black tungsten concentrate 65% and ammonium paratungstate (APT) in March at 113,000 yuan (...Read More
ML Gold Corp. (TSXV:MLG) plans an aggressive second phase of drilling to expand from Hole 4 and test the newly-identified "central" target areaSmallCapPower | March 6, 2018: ML Gold Corp. (TSXV:MLG) late Wednesday announced that it has made a copper discovery on its recently-acquired Stars project located in central British Columbia (BC) within the province's prolific porphyry belt. Key highlights...Read More
The Chinese vanadium market followed European prices upward last week, in its first full week since returning from the Chinese New Year break. Meanwhile, the US and European markets continued to strengthen on thinning stocks and healthy spot demand. Chinese vanadium prices surge after emerging from Chinese New Year European market continues uptrend in light of supply constraints US ferro-vanadium...Read More
Cobalt prices rose closer to $40 per lb on Friday March 2 when suppliers raised their offers again, confident that buyers will soon have to book at higher levels on bullish expectations for electric vehicle batteries and good demand from the super-alloys sector.Metal Bulletin's benchmark low-grade cobalt price climbed to $38.80-39.85 per lb from $38.75-39.70 per lb on Wednesday February 28, while...Read More
Turkish steel producers have continued to book deep-sea scrap for April amid strong demand for their finished steel products, sources said on Tuesday March 6.Imported scrap prices into Turkey have risen further with the recent bookings, sources told Metal Bulletin.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising 20,000 tonnes of HMS 1&2 (80:20) at $374.75 per tonne and...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCrypto CornerCompaniesMarketplaceShop Cardero (TSX: CDU) (FSE: CR5) Announces Positive Preliminary Economic Assessment for Zonia Copper-Oxide Deposit, Arizona, USA Vancouver, British Columbia - March 6, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Cardero Resource Corp. (TSX:...Read More