Wall Street futures weakened again Thursday, as bond yields rose and the dollar strengthened, in a cautious session for global stocks that saw markets fall in Europe and Asia that suggests investors aren't quite ready to return to equities following three days of intense volatility that has rocked markets around the world. Contracts tied to the Dow Jones Industrial Average were marked 79 po...Read More
SHANGHAI, Feb 9 (SMM) –Copper: Stock market slump, lower crude oil prices, and a surge in LME copper inventory gave shorts more confidence overnight. We expect LME copper to trade at $6,810-6,880/mt today and SHFE copper at 51,700-52,200 yuan/mt. Weak fundamentals may lead spot premiums lower to 30-40 yuan/mt today.Aluminium: We expect LME aluminium to trade rangebound at $2,158-2,193/mt wit...Read More
The latest news and price moves to start the Asian day on Friday February 9.Base metals prices on the London Metal Exchange mostly recovered from early morning lows at the close on Thursday February 8, but copper prices remained downbeat. Read more in our live futures report.Here are how LME prices looked at Thursday's close:Consumers of cobalt and lithium are expecting strong demand from the...Read More
Where are crypto cannabis CEOs investing their money?There's a rapidly emerging opportunity at the intersection of cryptocurrency and cannabis. At CryptoCann?,,? Capital Forum, CEOs of publicly traded crypto/cannabis companies discuss tangible and measurable investment opportunities in this innovative and stimulating business ecosystem. Proactive Investors is proud to bring together companies with...Read More
He has risen from the grave... with a thirst for blood.The scourge of Washington, the fiend of Wall Street, this boogeyman's return has markets wriggling in exquisite torture...Rumors of his return were at least partly responsible for Monday's record 1,175 point bloodletting.His stomping footsteps were heard again yesterday afternoon... and stocks sold off violently.The footsteps grew louder today...Read More
The crypto market took some massive hits this week, mirroring action we've seen in the stock market.On Tuesday 99% of the top 100 coins by market cap were in the red.Stories about banks cutting off services to companies and individuals who work with crypto, shutting down their bank accounts, turning off their crypto-loaded credit cards, shutting down their merchant accounts and even freezing their...Read More
The stock market has settled down after Monday's big drop.The Dow Jones Industrial Average finished Wednesday trading just in the red after a volatile start to the week. Meanwhile, the Nasdaq Composite was yesterday's biggest loser. The tech-heavy index slipped late in Wednesday's session to finish the day down almost 1%.We have a chance to take a step back and survey the damage now that stocks ha...Read More
Do you have a brain?If so, then I am very confident you are going to have a major edge investing over the next five years.I know that sounds like a ridiculous thing to say. You're thinking that it's obvious having a brain is a requirement for successful investing.But for the past five years it hasn't been. In fact, thinking has been quite detrimental to stock market performance.But that's going to...Read More
Gold does not capture any safe-haven bids.Speculators turn bearish on gold for the first time in seven weeks, the CFTC shows.ETF investors cut their gold holdings for the first time in three weeks, according to FastMarkets' estimates.Gold is not dead, but its macro backdrop is not as friendly as one would expect, for now.I am long IAU over the long term (12m). I am sorry, but I don't pay attention...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 MikeCaswellThe Alberta Securities Commission has filed an administrative action against wanted Calgarian Jim Can and others, claiming that they were behind the 2013 pump-and-dump of a company called Bluforest Inc. The ASC says that the men manipulated the company...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 Will PurcellThe diamond and specialty minerals stocks box score for Thursday was a bleak 47-102-141. The TSX Venture Exchange dropped 11 points to 819 while polished diamond prices edged higher. Guy Bourassa's Nemaska Lithium Inc. (NMX) dropped 12 cents to $1.58...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 ReporterNew York spot gold lost $1.10 to $1,317.00 on Thursday. The TSX Venture Exchange lost 11.50 points to 819.19 while the TSX Gold Index rose 0.11 point to 181.74. Endeavour Mining Corp. (EDV) led Canadian gold miners higher, adding 58 ce...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 fell 11.50 points to 819.19 Thursday. Chris Tate has filed a final prospectus to list his first capital pool shell, Ring the Bell Capital Corp. The shell is selling a $300,000 to $800,000 initial public offerin...Read More
The latest news and price moves to start the Asian day on Friday February 9.Base metals prices on the London Metal Exchange mostly recovered from early morning lows at the close on Thursday February 8, but copper prices remained downbeat. Read more in our live futures report.Here are how LME prices looked at Thursday's close:Consumers of cobalt and lithium are expecting strong demand from the...Read More
The unnaturally-tranquil stock markets suddenly plunged over this past week. Volatility skyrocketed out of the blue and shattered years of artificial calm conjured by extreme central-bank distortions. This was a huge shock to the legions of hyper-complacent traders, who are realizing stocks don't rally forever. With stock selling unleashed again, herd psychology will start shifting back to b...Read More
The unnaturally-tranquil stock markets suddenly plunged over this past week. Volatility skyrocketed out of the blue and shattered years of artificial calm conjured by extreme central-bank distortions. This was a huge shock to the legions of hyper-complacent traders, who are realizing stocks don't rally forever. With stock selling unleashed again, herd psychology will start shifting back to b...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base metalsThe London Metal Exchange's average daily volume was little changed for January 2018 from a year earlier but only when taking into account trading changes due to MiFID II. It was a tough week for the copper market - prices fell to their weakest since mid-December a...Read More
Lead was the only base metal traded on the London Metal Exchange to close in positive territory on Friday February 9, with the others falling while the dollar strengthened further.The three-month copper price hit its lowest since December 14 earlier today before closing back below $6,700 per tonne for the first time in 2018. "The copper price continues to unwind, touching its lowest in nearly eigh...Read More
Rio Tinto is continuing to assess the viability of the Jadar lithium-borate project in Serbia, which already hits a number of key criteria for approval, a senior executive at Rio Tinto told Metal Bulletin. "For us, Jadar is a great asset and has a by-product credit, which puts it at the lower end of the cost curve. We have to finalize the feasibility and pre-feasibility studies, and get board appr...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base metalsThe London Metal Exchange's average daily volume was little changed for January 2018 from a year earlier but only when taking into account trading changes due to MiFID II. It was a tough week for the copper market - prices fell to their weakest since mid-December a...Read More