Why seven days of outperforming the SPX could mean big bucksHere's some research I did based off a completely random thought. Out of nowhere, I began wondering if consecutive positive days for a stock indicated some pent-up buying pressure that would lead to some positive medium-term returns. Then I thought about stocks on a winning streak pulled down by general stock selling, which led me to anot...Read More
Cities and companies might be turning away from facial recognition, but federal agents are embracing it -- whether or not the public is fully aware of what's ha...Read full newsRead More
The state DMV databases form the bedrock of an unprecedented surveillance infrastructure, allowing federal investigative and immigration agents to scan millions of Americans' faces without their knowledge or consent.Read full newsRead More
After several failed attempts over the past few years, the gold price finally broke above key technical resistance in the $1,365 to $1,375 area in late June.Corporate debt levels, in particular, have skyrocketed and have many analysts concerned that it could trigger the next crisis.While the coming gold price gains are significant enough to make most investors salivate, the potential returns from...Read More
(Updates with closing prices)By Peter HobsonLONDON, July 10 (Reuters) - Industrial metals prices rosesharply on Wednesday after U.S. and Chinese negotiators opened anew round of trade talks and Federal Reserve Chairman JeromePowell bolstered expectations of a U.S. interest rate cut laterthis month.Copper, aluminium, zinc, nickel and lead each gained morethan 1.5% on the London Metal Exchange (LME)...Read More
This week's Insights newsletter shines a spotlight on stimulus. As Europe and the United States look set to provide more funds to juice their economies, Canadian stocks could benefit.Get our take on how insiders are positioning as we head into the summer in the latest edition of our free weekly newsletter (registration not required). Read More
Endeavour Silver performed poorly in Q1, as its AISC increased well above the current silver price.The Terronera mine should be highly profitable at the current metals prices.Terronera should help Endeavour Silver to survive the current period of weak silver prices.The sizeable silver resources and high-cost operations provide significant leverage to growing silver prices, while Terronera provides...Read More
Chantelle Schieven, research head at Murenbeeld & Co., discusses why gold has room to rally due to geopolitical and currency pressures.Read full newsRead More
Chantelle Schieven, research head at Murenbeeld & Co., discusses why gold has room to rally due to geopolitical and currency pressures.Read full newsRead More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rallied late Tuesday to finished little changed ahead of Federal Reserve Chairman Jerome Powell's testimony before Congress. Shares of Acacia Communications (ACIA - Get Report) soared after Cisco (CSCO - Get Report) agreed to acquire the optical equipment maker for about $2.6 billion, or $70 a share in c...Read More
Base metals prices on the London Metal Exchange were mostly directionless in afternoon trading on July 9 due to a stronger dollar index, up 0.13 to 97.50.This mixed consolidation in LME three-month prices has been broadly attributed to weak Chinese equities data and waning macro optimism in anticipation of a United States Federal Open Markets Committee decision on interest rates, expected on July...Read More
Sinking product prices across the copper value chain are eroding processing margins for custom copper smelters, causing uncertainty as well as driving investments and consolidation in the industry. An unprecedented expansion of Chinese copper smelting capacity has triggered lower concentrate treatment and refining charges (TC/RCs), cathode premiums and sulfuric acid prices, all key sources of smel...Read More
At its high, bitcoin had rallied close to 280 percent in the first six months of 2019 with much of that move occurring in June alone. If this move had occurred in a vacuum it would certainly be significant. However, when we add in some other interesting macro movements and events it begins to unlock the mystery of what bitcoin is and what it could eventually be. Easy Money Cycle Both gold and bi...Read More
Base metals prices on the London Metal Exchange were broadly rangebound during morning trading on Tuesday July 9, with a steady appreciation of the US dollar index capping commodity investment. Continuing its price decline, the three-month zinc futures contract moved away from the $2,400-per-tonne resistance level, hitting an intra-morning low of $2,363 per tonne. The galvanizing metal's pric...Read More
Sinking product prices across the copper value chain are eroding processing margins for custom copper smelters, causing uncertainty as well as driving investments and consolidation in the industry. An unprecedented expansion of Chinese copper smelting capacity has triggered lower concentrate treatment and refining charges (TC/RCs), cathode premiums and sulfuric acid prices, all key sources of smel...Read More
Tharisa increased its chrome concentrate production by 8.2% in the three months to June 30 from the previous quarter, the South African miner said. Chrome concentrate production reached 334,000 tonnes, up from 308,700 tonnes in the previous quarter but down from 376,300 tonnes in the second quarter of 2018. The miner secured an average...Read More
Fastmarkets has made changes to the specification of its cobalt hydroxide payable indicator - namely, to widen the payment window. Following a one-month consultation period that ended on Friday July 5, Fastmarkets has amended the payment window to include trades agreed on the basis of the following month's average metal price (M+1). Previously, the payment window only included trades agreed on the...Read More
Turkish mills have resumed their deep-sea scrap purchases for August shipments after a short break in negotiations, sources said on Tuesday July 9.A steel mill in the Iskenderun region booked a UK cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $288 per tonne cfr.This compared with the most recent deep-sea cargo sold at $298.50 per tonne cfr for HMS 1&2 (80:20) from the Baltic Sea region on...Read More
Market fundamentals are unlikely to support the recent rise in ferrous scrap prices, the International Rebar Producers & Exporters Association (Irepas) said in its latest short-range outlook this week.Fastmarkets' daily scrap index for Northern Europe-origin HMS 1&2 (80:20) imported into Turkey rose to $296.41 per tonne cfr on Monday July 8, up from $292.09 per tonne cfr&...Read More
India's Ministry of Steel is seeking stakeholder feedback by July 14 on a draft steel scrap policy that aims to reduce the country's reliance on imports by establishing a network of recycling centers to collect and process ferrous scrap. The policy framework aims to provide standard guidelines for collection, dismantling and shredding activities in an organized, safe and environmentally sound mann...Read More