Recent News

Stock Futures Rise to Kick Off Fed Week

June 17, 2019 / www.schaeffersresearch.com

There's a big M&A deal in healthcare, as wellFutures on the Dow Jones Industrial Average (DJI) are trading above fair value this morning, as Wall Street gears up for this week's Fed meeting. The S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are eyeing positive starts, too, as stocks try to extend last week's tailwinds. Meanwhile, there will be some economic data for traders to consider today, inc...Read More

Dig Deep into Breckenridge's Mining History this Weekend at the Breckenridge Gold Mining Championships

June 17, 2019 / dlvr.it

When most people think of Breckenridge, Colorado they think of a world renowned Ski Resort.BRECKENRIDGE, Colo., June 12, 2019 /PRNewswire-PRWeb/ -- When most people think of Breckenridge, Colorado they think of a world renowned Ski Resort.What most don't know is that the town of BreckenridgeRead full newsRead More

Beware This Sector Ahead of Fed Meeting

June 17, 2019 / www.schaeffersresearch.com

Plus, the SPY strikes to watch on a Fed surprise"So now what? A full-fledged V-rally would push the SPX back to highs in the 2,950 area, but during the next two weeks -- up until June standard options expiration -- the SPY must first overcome peak call open interest at the 290 strike, which is equivalent to SPX 2,900. Many of the SPY 290-strike calls were bought to open, which means this strike co...Read More

Argonaut Gold will be taking to the stage next week at the #MJSelect conference at 8 Northumberland Avenue, London,...

June 17, 2019 / twitter.com

"Argonaut Gold will be taking to the stage next week at the #MJSelect conference at 8 Northumberland Avenue, London, United Kingdom. @Argonaut_Gold is a Canadian gold company engaged in exploration, mine development and production activities. #MJS"Read full newsRead More

Become a Master of Moving Averages

June 17, 2019 / www.schaeffersresearch.com

How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More

METALS-Copper recovers as China output falls, strike hits mine

June 17, 2019 / www.kitco.com

* GRAPHIC-2019 asset returns:* Aluminium slips to 29-month low * Strike at Codelco's Chuquicamata mine provides support (Recasts with closing prices)By Pratima DesaiLONDON, June 17 (Reuters) - Copper prices recovered onMonday, boosted by a mine strike and weak Chinese output, butother industrial metals were pressured by nervousness about thedamage to growth and demand from the U.S.-China trade dis...Read More

Dig Deep into Breckenridge's Mining History this Weekend at the Breckenridge Gold Mining Championships

June 17, 2019 / dlvr.it

When most people think of Breckenridge, Colorado they think of a world renowned Ski Resort.BRECKENRIDGE, Colo., June 12, 2019 /PRNewswire-PRWeb/ -- When most people think of Breckenridge, Colorado they think of a world renowned Ski Resort.What most don't know is that the town of BreckenridgeRead full newsRead More

Crystal Lake Mining's Discovery Team Outlines Chachi Corridor Copper-Gold Target Area at Newmont Lake Project

June 17, 2019 / dlvr.it

Vancouver, British Columbia--(Newsfile Corp. - June 12, 2019) - Crystal Lake Mining Corporation (TSXV: CLM) (OTC PINK: SIOCF) (FSE: SOG-FF) (Read full newsRead More

INK Canadian Insider Index adds 6.9 points, finishes at 1099.71

June 17, 2019 / www.canadianinsider.com

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The INK CIN rose for the second week in a row, gaining 6.9 points or 0.6% to finish at 1099.71. MACD increased 2 points to 3.55. Our short-term momentum indicator RSI jumped 6.8 points to 49.36. RSI broke up through a downward trend that dates back to late February. The MACD histogram h...Read More

Red Pine builds up Wawa project in Ontario

June 17, 2019 / www.northernminer.com

The land package containing Red Pine Exploration's (TSXV: RPX) Wawa gold project in Ontario hosts numerous historic mines that in their heyday produced more than 120,000 oz. gold.The largest gold deposit Red Pine has identified so far on the property, 2 km southeast of the town of Wawa, is called Surluga, and this week the company updated a 2015 resource estimate, and marked an increase in grade,...Read More

GLOBAL BILLET WRAP: Prices drop in most regions amid lower scrap, weak demand

June 17, 2019 / www.metalbulletin.com

Global steel billet prices in most markets deteriorated in the week to Friday June 14, with sentiment affected by a downtrend in the Turkish scrap market and weak activity in most buying outlets.Offers from the Commonwealth of Independent States fell throughout the week, but the movement failed to attract buyers in most markets.And scrap prices in Turkey dropped continuously last week amid excess...Read More

GLOBAL BILLET WRAP: Prices drop in most regions amid lower scrap, weak demand

June 17, 2019 / www.metalbulletin.com

Global steel billet prices in most markets deteriorated in the week to Friday June 14, with sentiment affected by a downtrend in the Turkish scrap market and weak activity in most buying outlets.Offers from the Commonwealth of Independent States fell throughout the week, but the movement failed to attract buyers in most markets.And scrap prices in Turkey dropped continuously last week amid excess...Read More

China's Shagang cuts long steel prices for mid-June

June 17, 2019 / www.metalbulletin.com

Eastern China's Shagang has lowered the list prices for its rebar and wire rod booked and shipped in mid-June. The mill is selling its HRB400 16-25mm rebar at 4,070 yuan ($588) per tonne over the June 11-20 period, down 180 yuan per tonne from its last...Read More

China's finished steel exports tumble in May

June 17, 2019 / www.metalbulletin.com

China's finished steel exports fell in May on both a year-on-year basis as well as when compared with the preceding month. The country shipped 5.74 million tonnes of finished steel abroad last month, down 16.5% from a year earlier, according preliminary Chinese customs data released on Monday June 10.Last month's exports are also...Read More

Rebar prices down in Brazil amid low demand, fiercer competition

June 17, 2019 / www.metalbulletin.com

Domestic rebar prices in Brazil fell during May as leading steelmakers battle with new participants for market share amid low domestic demand, retreating from announced price increases.Fastmarkets' domestic rebar price assessment was 2,450-2,600 Reais per tonne delivered on June 7, down from 2,600-2,720 Reais per tonne a month prior. The bottom of the price range is at its lowest for this year.Lon...Read More

GLOBAL BILLET WRAP: Prices drop in most regions amid lower scrap, weak demand

June 17, 2019 / www.metalbulletin.com

Global steel billet prices in most markets deteriorated in the week to Friday June 14, with sentiment affected by a downtrend in the Turkish scrap market and weak activity in most buying outlets.Offers from the Commonwealth of Independent States fell throughout the week, but the movement failed to attract buyers in most markets.And scrap prices in Turkey dropped continuously last week amid excess...Read More

IN CASE YOU MISSED IT: 5 key stories from June 14

June 17, 2019 / www.metalbulletin.com

Here are five Fastmarkets MB stories you might have missed on Friday June 14 that are worth another look.Chinese imports from the US of products including metals concentrates and non-ferrous and ferrous scrap are eligible for two rounds of applications for exclusion from Chinese tariffs, according to a new policy document seen by Fastmarkets. The document from the Customs Tariff Commission of the...Read More

DAVIES ON ALLOYS: Fellow manganese alloy producers share South32's plight amid another asset review

June 17, 2019 / www.metalbulletin.com

South32's decision to review the future of its manganese alloy assets comes as little surprise to fellow manganese alloy producers because they are likely to be considering similar options. The review, which could result in the divestment of the assets, reflects a wider predicament affecting alloy producers struggling with historically high ore prices and a subdued market for their own product. So...Read More

HOTTER ON METALS: LME spells out cancellation process

June 17, 2019 / www.metalbulletin.com

The London Metal Exchange has decided on a dispute over when the load-in, load-out (LILO) rule should have been activated, ruling in favor of warehouse company Istim. People familiar with the situation said that the warehousing firm had been found to have acted vigorously and without delay in its dealings with Glencore at its warehouses in Port Klang, Malaysia, following large cancellations of alu...Read More

HOTTER ON METALS: Trump tables fresh China tariffs

June 17, 2019 / www.metalbulletin.com

The temporary truce on tariffs between China and the United States could be over, injecting a new round of uncertainty into the global financial markets and suspending hopes that a resolution to the countries' trade impasse was likely.US President Donald Trump has threatened to raise the tariff on $200 billion-worth of Chinese imports to 25% from 10% by Friday May 10. He also said that the US may...Read More

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