Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Could this biotech bet bank you 1,700% profit?Contributed by Raging BullBig pharma isn't what it use to be and investors are wondering what the future holds for the Goliaths of the industry.Kyle Dennis, one of the most well known up and coming traders, saw this shift happening when others didn't. Years ago, he began to place a heavy emphasis on small-cap biotech stocks he saw enormous upside for a...Read More
Steel billet prices continued to fall in most global regions during the working week from Monday November 26 to Friday November 30, due to a return of Chinese producers to the export market and a downturn in the Asian markets.Sentiment in the export billet market in the Commonwealth of Independent States (CIS) became more depressed, while import prices in the Middle East and Turkey weakened in lin...Read More
Chile's state copper miner Codelco said on Saturday it had reached agreement on a new collective labor contract with the union of workers at its Ministro Hales mine in northern Chile.The 36-month contract, which includes a signing bonus of 7 million pesos ($10,423) and a boost to salaries of 1.2 percent, was approved by 53 percent of the union, Codelco said in a statement.Ministro Hales produced a...Read More
Former workers associated with the National Union of Mine, Metal, Steel and Allied Workers of the Mexican Republic, known as Los Mineros Union, gave the new president Andr?(C)s Manuel L??pez Obrador 15 days following his inauguration to address a conflict with Grupo Mexico that started in the late 2000s.According to local media, following a request made by the new Interior Minister Olga S??nchez C...Read More
The Peruvian Ministry of Energy and Mines' latest statistical report reveals that, in the 10th month of the year, the country's gold output fell by 6.3% when compared to October of 2017. This, despite the fact that Minera Yanacocha, which is the main producer of the yellow metal, grew its output by 8.1%.Copper production, on the other hand, fell by 3.8% in October when compared to the previous yea...Read More
Investing.com - In the week ahead, oil traders will focus on the highly-anticipated Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna on Thursday and Friday.Most market analysts expect that major producers, led by Saudi Arabia and Russia, would agree some form of production cut in an effort to stave off a global glut in supplies and prop up prices.OPEC's advisory committee sug...Read More
* WTI crude futures up more than 3 pct after 90-day truce sealed* OPEC expected to agree supply cut this week* Cuts would be aimed at reining in emerging oversupply* U.S. crude output at record levels, above 11.5 mln bpdBy Henning GloysteinSINGAPORE, Dec 3 (Reuters) - Oil prices surged in early trading on Monday after the United States and China agreed a truce in their trade conflict and ahead of...Read More
* S&P 500, Nasdaq post big weekly gains on Fed dovishness* Europe lower, DAX stock index heads for fourth month of losses* Negative Trump-Xi meeting outcome could spark volatility* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh (Adds Wall Street close, updates throughout)By Hilary RussNEW YORK, Nov 30 (Reuters) - Oil prices retreated on Friday amid a global glut, racking up a 20 perc...Read More
Investing.com - This week precious metals traders will be monitoring trade developments after the U.S. and China agreed to a ceasefire in their trade war, while awaiting fresh indications on the direction of U.S. monetary and an update on the health of the U.S. labor market.The U.S. agreed not to increase the 10% tariffs on $200 billion worth of Chinese imports on Jan. 1 following talks between U....Read More
RAPAPORT... Hong Kong's largest jewelry retailers expect sales growth to slow during the important holiday season in light of recent US-China trade tensions and the depreciation of the yuan currency.Same-store sales at Luk Fook dropped by a single-digitpercentage in Hong Kong and Macau in October and the first three weeks of November, and by double digits in mainland China, the company reported la...Read More
RAPAPORT... Diamcor's sales fell in the second fiscal quarter as lowerproduction at its mine in South Africa resulted in reduced availability ofgoods. Revenue dropped 45% to $726,588 in the three months endingSeptember 30 compared to $1.33 million in the same period a year ago, the minerreported Thursday. Rough-diamond recovery from the Krone-Endora at Venetiaasset fell, the company said. However...Read More
RAPAPORT... Graff Diamonds will present a selection of flawless polishedstones from the 1,109-carat Lesedi La Rona at its new Hong Kong boutique. Graff purchased the D-color diamond - the second-largest rough in history- from Lucara Diamond Corp. for $53 million in September 2017. Theluxury jeweler has since cut about 30 polished diamonds from the originalstone, and will display them in Asia...Read More
RAPAPORT... More than 53 million US consumers intend to buy a diamondduring the extended festive period from Thanksgiving to Valentine's Day,according to a survey by the Diamond Producers Association (DPA). The November poll, which the DPA conducted together with KRCResearch, collated responses from 1,000 men and women in the US aged 18 to 55.Millennials were more likely than others to buy a...Read More
(IDEX Online News) - The IDEX polished diamond price index was up slightly in November during the month. ...Read More
(IDEX Online News) - There were slightly more declines than risers in round and fancy shape diamonds in November. Round goods saw a downward trend in goods of less than 1 carat, while stones of 1.5 carats and above saw rises. There were decreases in 0.18-0.22 carat stones in H-I, SI1-SI2, of 4-5%; in 0.30-0.39 carat diamonds D, VVS2-SI2, of 2-3%; in 0.40-0.44 carat diamonds J-K, IF-VVS1, of 2%; as...Read More
"Which jurisdiction is more secure for #investors, #Indonesia or #India? Read the annual 2018 edition of #MiningJournal's #WorldRiskReport to find out: https://t.co/iXlsSr9ABt"Read full newsRead More
"#France In Chaos; Macron Considers State Of Emergency AmidRead full newsRead More
"Korea's lithium ion#battery exports reached record highs in October, up 25% on Sept and over 20% ytd. The country's producers are expanding aggressively and now have a dozen megafactories in the pipeline, with SK's 9.8 GWh US plant the latest to be announced"Read full newsRead More
"[RTRS] - LAGARDE URGES G20 NATIONS TO ADDRESS URGENT ISSUE OF EXCESSIVE LEVEL OF GLOBAL DEBT, WHICH IMF ESTIMATES TO BE $182 TRILLION"Read full newsRead More
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