Americans' very way of life could be threatened, according to the man who predicted the downfall of Fannie Mae and Freddie Mac.No one believed Porter Stansberry years ago when he said the world's largest mortgage bankers (Fannie Mae and Freddie Mac) would soon go bankrupt.And no one believed him when he said GM would fall apart... or that the same would happen to General Growth Properties (America...Read More
Critical chart levels stepped up to support Amazon at last week's lowsA couple of months ago in this space, we wrote that Amazon.com, Inc. (NASDAQ:AMZN) -- by virtue of its unique cross-sector footprint, as well as its uncommonly massive market capitalization (around $885 billion, as of this writing) -- was worthy of tracking as its own "micro market bellwether" of sorts, given its exposure to bot...Read More
(Updates with closing prices)By Peter HobsonLONDON, June 11 (Reuters) - Copper prices touched theirhighest in two weeks on Tuesday, lifted by hopes that topconsumer China will pump money into building metals-intensiveinfrastructure.News that China will allow local governments to use proceedsfrom special bonds as capital for investment projects came afterthe United States and Mexico reached a deal...Read More
Gold stocks hitting new highs for the year -- risk back on? Here are 4 miners on upward trajectory lately.Read full newsRead More
The U.S. Environmental Protection Agency plans to drill a test well into an inactive mine tunnel in southwestern Colorado to get information for a Superfund cleanup.Read full newsRead More
Economic Activity The ECRI Weekly Leading index dropped 1.1 this week and is down -1.26% year over year. ISM Manufacturing dropped to 52.1 from 52.8 previously. ISM Non-manufacturing picked up to 56.9 from 55.5. Non-farm payrolls grew by only 75k from 224k in the previous month. Equity Markets Broad markets had a good week. The Dow was the leader, gaining 4.85% (DIA). The VIX...Read More
VANCOUVER, CANADA, Voleo Trading Systems Inc. (TRAD: TSX-V) ("Voleo", the "Company"), is pleased to announce the Company will participate in Google's Digital Strategy program to scale and accelerate user acquisition and growth on Voleo's social trading application.The Google Digital Strategy Program is an initiative that aims to optimize selected start-up companies' marketing spend by expanding...Read More
* Net profit jumps 92 percent* Metals trading contribution down by a third * Puma, Porto Sudeste and Nayara all post losses * Adjusted debt rises (Adds cost of funding)By Julia Payne and Dmitry ZhdannikovLONDON, June 11 (Reuters) - Trading house Trafigura'ssix-month net profit jumped by 92% after strong performance fromits oil and gas desks helped to offset weakness at the metalsdivision and losse...Read More
We all know that history may not repeat, but it can rhyme. So, is it 2018 all over again? We tackle that question in this week's edition of Insights. In our June 10th newsletter, you will also find our Broadcast of the Week that features Hilliard Macbeth on the likely path of the Canadian housing market while our Insider of the Week is a Canadian brokerage executive who has just spent more than h...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average traded higher Monday following President Donald Trump's "indefinite" suspension of tariffs on Mexican goods that were expected to go into effect Monday. Raytheon (RTN - Get Report) and United Technologies (UTX - Get Report) will merge in a $120 billion deal. United Technologies is Real M...Read More
The three-month price of lead on the London Metal Exchange had gone up by the close of trading on Monday June 10, reaching an intraday high of $1,890 per tonne, while the forward spread on the LME was in its widest backwardation since April 2017.The price of lead continued to rise steadily toward the nearby resistance level of $1,900 per tonne. Despite breaking through that mark last week, it has...Read More
The Chinese alumina market's material supply has not been affected by the full production stop at Xinfa Group's Jiaokou refinery and has showed no sign of tightness until now, sources told Fastmarkets.China's alumina price continued its downward trend with the highest deal heard at 3,050-3,070 yuan ($441-444) per tonne on Monday June 10, despite predictions that the domestic alumina price may rebo...Read More
Lead's three-month price on the London Metal Exchange was up by around 1% during morning trading on Monday June 10, leading a broadly mixed base metals complex amid continued concerns over global economic health. Reaching an intraday high of $1,866 per tonne over the morning, the three-month lead futures have shown little sign of dropping below the $1,800-per-tonne support level, despite trading b...Read More
Here are five Fastmarkets MB stories you might have missed on Monday June 10 that are worth another look.Fastmarkets - a leading source of pricing information for the global commodity markets - announced on Monday June 10 that it has been selected by the London Metal Exchange as its partner to develop a lithium price benchmark. The partnership will promote the uptake of a transparent and repr...Read More
Here are five Fastmarkets MB stories you might have missed on Monday June 10 that are worth another look.Fastmarkets - a leading source of pricing information for the global commodity markets - announced on Monday June 10 that it has been selected by the London Metal Exchange as its partner to develop a lithium price benchmark. The partnership will promote the uptake of a transparent and repr...Read More
The Chinese alumina market's material supply has not been affected by the full production stop at Xinfa Group's Jiaokou refinery and has showed no sign of tightness until now, sources told Fastmarkets.China's alumina price continued its downward trend with the highest deal heard at 3,050-3,070 yuan ($441-444) per tonne on Monday June 10, despite predictions that the domestic alumina price may rebo...Read More
The export price for ferro-vanadium in China rose for a second consecutive week in the latest assessment period ended on Thursday June 6, tracking the strength seen in the domestic market. Fastmarkets MB assessed the export price for ferro-vanadium, min 78%, fob China, at $35-36.50 per kg on June 6, up by 2.1% from $34-36 per kg a week ago. Many Chinese ferro-vanadium exporters maintained firm off...Read More
Key data from the pricing sessions Europe and the United States for the week-long period to Monday June 10.United States Market sources, including many buyers, agreed that the US silicon price seems to be approaching a floor after declining by at least a few cents per lb every month of 2019.The price for grade-553 silicon has remained nearly flat in thin trading, narrowing to $1.08-1.11 per...Read More
The ferro-silicon markets in Europe and the United States were stable over the week ended on Friday June 7.United States Liquidity in the market indicated that prices had not moved over the week. Sentiment in the market was weakening, which will translate into lower trade prices, sources said.Key quote"There have been few spot transactions this...Read More
Turkish deep-sea scrap import prices have gone down sharply, which was expected after the mills in the country failed to sell finished long steel products to the United States, sources told Fastmarkets on Monday June 10.Two steel mills in Turkey booked three US cargoes over the weekend.A steel mill in the Iskenderun region booked a US cargo on June 8, comprising 12,500 tonnes of HMS 1&2 (90:10) at...Read More