Recent News

Gold price builds momentum as hedge funds add 36% to bullish bets

June 03, 2019 / www.mining.com

Gold built on last week's gains on Monday rising 1.5% in heavy volume as investors seek a safe haven amid a widening trade war unleashed by US President Donald Trump.Gold for delivery in August, the most active futures contract, reached a high of $1,333 an ounce, the highest 10 weeks with over 33m ounces changing hands in New York by early afternoon.Trump's plan to impose a 5% tariff on all Mexica...Read More

Gold price builds momentum as hedge funds add 36% to bullish bets

June 03, 2019 / www.mining.com

Gold built on last week's gains on Monday rising 1.5% in heavy volume as investors seek a safe haven amid a widening trade war unleashed by US President Donald Trump.Gold for delivery in August, the most active futures contract, reached a high of $1,333 an ounce, the highest 10 weeks with over 33m ounces changing hands in New York by early afternoon.Trump's plan to impose a 5% tariff on all Mexica...Read More

Analysts Identify 2 Trade Losers in Solar Sector

June 03, 2019 / www.schaeffersresearch.com

Credit Suisse gave detailed analysis for how tariffs could impact the companiesWall Street last week quickly named beer stock Constellation Brands (STZ) a loser on potential Mexico tariffs. More analysts are weighing in this morning, this time on the alternative energy space. Specifically, Credit Suisse analysts said Enphase Energy Inc (NASDAQ:ENPH) and SunPower Corporation (NASDAQ:SPWR) would be...Read More

Upgrade Vaults Red-Hot Waste Management Stock to New Heights

June 03, 2019 / www.schaeffersresearch.com

RBC is impressed with Waste Management's tech initiativesThe shares of Waste Management, Inc. (NYSE:WM) are up 0.9% to trade at $110.40 this morning, and earlier nabbed a record high of $110.90. This comes after RBC upgraded the trash giant to "outperform" from "sector perform," and raised its price target to $125 from $113. The analyst in coverage waxed optimistic on the company's leadership tea...Read More

Iron ore sticks to fundamentals as other commodities dance to noise - opinion

June 03, 2019 / www.mining.com

While geopolitical concerns have been the prime driver for most commodity markets recently, iron ore has been a standout, trading largely on traditional fundamentals.Since the tailings dam disaster in January at one of top exporter Vale's mines in Brazil, iron ore has traded almost exactly as you would expect for a commodity that suddenly went from a situation of comfortable to constrained supply....Read More

Centene Stock Spiraling After Humana Squashes Rumors

June 03, 2019 / www.schaeffersresearch.com

Humana said it is not buying Centene Healthcare concern Centene Corporation (NYSE:CNC) is near the bottom of the New York Stock Exchange this morning, afterinsurance heavyweight Humana (HUM) said it will not make a bid for the firm. While Humana typically doesn't comment on M&A buzz, the firm made an exception amid "significant investor speculation and persistent market rumors." CNC stock is down...Read More

Indian commodity exchange approves Steinweg as storage facility

June 03, 2019 / www.mining.com

Logistics and warehousing firm C.Steinweg has been approved by Multi Commodity Exchange Clearing Corporation (MCXCCL) as a storage facility for its physically settled base metals contracts effective June 4.MCXCCL, a wholly owned subsidiary of Multi Commodity Exchange of India (MCX) said on Monday in a circular, Steinweg Sharaf (India) has been registered to store and effect delivery of aluminium,...Read More

Big Lots Stock Resumes Slide After Double Downgrade

June 03, 2019 / www.schaeffersresearch.com

The shares hit a five-year low last ThursdayBofA-Merrill Lynch slapped Big Lots, Inc. (NYSE:BIG) with a double downgrade, dropping its rating on the retail stock to "underperform" from "buy." The brokerage firm also nearly halved its BIG price target, to $23 from $45 -- a discount to last Friday's close -- saying the company's full-year forecast is too optimistic, and the shares will likely strugg...Read More

Bravura to spend over $50m to explore for platinum in Zimbabwe

June 03, 2019 / www.mining.com

Bravura Consortium will spend more than $50 million to explore for and mine platinum in Zimbabwe, the Southern African country's mines minister said on Friday, after both parties signed the agreement.Zimbabwe is seeking to quickly exploit its reserves of platinum, which is in growing demand for use in catalytic converters to limit emissions as car manufacturers shift to making electric cars powere...Read More

Vedanta seeks arbitration in Zambian copper mine dispute

June 03, 2019 / www.mining.com

Vedanta Resources Ltd., owned by Indian billionaire Anil Agarwal, said it's seeking international arbitration to resolve a dispute with the Zambian government about its copper assets in the country.Zambia's government this month began liquidation proceedings against Vedanta's Konkola Copper Mines, after accusing Vedanta of lying about expansion plans and paying too little tax. The company says it...Read More

Vedanta seeks arbitration in Zambian copper mine dispute

June 03, 2019 / www.mining.com

Vedanta Resources Ltd., owned by Indian billionaire Anil Agarwal, said it's seeking international arbitration to resolve a dispute with the Zambian government about its copper assets in the country.Zambia's government this month began liquidation proceedings against Vedanta's Konkola Copper Mines, after accusing Vedanta of lying about expansion plans and paying too little tax. The company says it...Read More

Dow Futures Down on More Trade Drama

June 03, 2019 / www.schaeffersresearch.com

It's also a busy day on the economic frontFutures on the Dow Jones Industrial Average (DJI) are trading lower as U.S.-China tensions look ready to hold back markets yet again. Coming off their worst week of the year, stocks are set to fall after China released a white paper blaming the U.S. for the fallout in trade negotiations. It's also a big day for economic data, as investors will be greeted w...Read More

Gold climbs as Trump's Mexico threat shows 'no country is safe'

June 03, 2019 / www.mining.com

Gold is finally seeing some bullish momentum as trade ructions escalate, fueling the biggest rally among the top miners in seven months.President Donald Trump's plan to impose a 5% tariff on all Mexican goods over illegal immigration rattled financial markets, boosting the haven appeal of the metal that has been weighed down by the strong dollar. China's threat to blacklist foreign firms it accuse...Read More

Gold climbs as Trump's Mexico threat shows 'no country is safe'

June 03, 2019 / www.mining.com

Gold is finally seeing some bullish momentum as trade ructions escalate, fueling the biggest rally among the top miners in seven months.President Donald Trump's plan to impose a 5% tariff on all Mexican goods over illegal immigration rattled financial markets, boosting the haven appeal of the metal that has been weighed down by the strong dollar. China's threat to blacklist foreign firms it accuse...Read More

From mining lore to lode: Gold grows on trees in Australia

June 03, 2019 / dlvr.it

A tree-testing method for gold discovery in Australia is holding up against surface and groundwater analysis in at least a few samples and has major...Read full newsRead More

Maneuver These Market Land Mines with Options

June 03, 2019 / www.schaeffersresearch.com

Trade and Treasury headlines pushed the SPY below a key put strike"...with investors raising cash and hedging stock portfolios at an increasing pace, and the headwind we have observed is quite clear... But, so far, the market has not experienced a significant amount of technical damage... The implications of the hedging activity could create a big directional move in the coming weeks, as the desce...Read More

The Technical Analysis Tool Traders Need to Profit

June 03, 2019 / www.schaeffersresearch.com

How you can transform lagging indicators into leading indicators.No one ever said trading was going to be easy.Sometimes, do-it-yourself investing can feel about as scientific as throwing darts... and many traders give up, unable to figure out how they can break through the endless cycles of mediocre - or even straight up abysmal! - results.And when even the supposed "market gurus" or "experts" do...Read More

Zimbabwe's mineral-backed loans may complicate talks with creditors, IMF says

June 03, 2019 / www.mining.com

Foreign loans that use minerals as collateral may complicate Zimbabwe's future negotiations with foreign creditors to restructure its $8.8 billion debt, an International Monetary Fund official said on Monday.Unable to get funding from lenders like the IMF since defaulting on its debt in 1999, Zimbabwe has over the last five years relied on the African Export and Import Bank (Afreximbank) for miner...Read More

Zimbabwe's mineral-backed loans may complicate talks with creditors, IMF says

June 03, 2019 / www.mining.com

Foreign loans that use minerals as collateral may complicate Zimbabwe's future negotiations with foreign creditors to restructure its $8.8 billion debt, an International Monetary Fund official said on Monday.Unable to get funding from lenders like the IMF since defaulting on its debt in 1999, Zimbabwe has over the last five years relied on the African Export and Import Bank (Afreximbank) for miner...Read More

Zimbabwe's mineral-backed loans may complicate talks with creditors, IMF says

June 03, 2019 / www.mining.com

Foreign loans that use minerals as collateral may complicate Zimbabwe's future negotiations with foreign creditors to restructure its $8.8 billion debt, an International Monetary Fund official said on Monday.Unable to get funding from lenders like the IMF since defaulting on its debt in 1999, Zimbabwe has over the last five years relied on the African Export and Import Bank (Afreximbank) for miner...Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok