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
December 3, 2018Recent market and economic developments are positive for Gold and precious metals but conditions are not bullish yet.Bullish conditions and bullish fundamentals would be highlighted by a shift in Fed policy. They aren't shifting yet. They are slowing, which precedes a shift.From a market standpoint, we need to see strength in Gold in real terms (against stocks and foreign currencie...Read More
Positive developments in the US-China trade dispute kept London Metal Exchange base metals prices mostly elevated at the close on Tuesday December 4, although broad strength in the dollar is capping price rallies. Climbing more than 2%, the three-month lead price was the strongest performer over the afternoon, closing above $2,000 per tonne for the first time since November 21. Meanwhile, the thre...Read More
Weekly Reports |Dec 04 2018Uranium spot market volumes in 2018 are almost 40% above record 2015 volumes with another month to run.-2018 volumes surge-Unfamiliar players in the market-Spot price continues to riseBy Greg PeelBy the end of November, over 62mlbs U3O8 equivalent had changed hands in the uranium spot market. That's almost 40% above the record annual volume set in 2015, industry consulta...Read More
Comex copper prices were little changed during morning trading in the US, with market participants still digesting news of a detente between the US and China.The copper price for March settlement on the Comex division of the New York Mercantile Exchange inched down 1.85 cents to $2.7910 per lb.Over the weekend at the Group of 20 Nations (G20) meeting in Argentina, US president...Read More
Base metals prices on the London Metal Exchange were mostly higher during morning trading on Tuesday December 4, lifted by a slight downturn in the US dollar index and while market sentiment remains positive after recent US-China trade talks. The three-month nickel price continues to push higher - it is up by more than 6% from last week's low of $10,720 per tonne and is more than 1% higher than la...Read More
Global ferro-vanadium prices weakened last week due to trader profit-taking amid sluggish spot market demand. Chinese export prices sink on weak buying interestEuropean ferro-vanadium prices weaken on profit-takingEurope vanadium pentoxide (V2O5) market softens slightly amid inactivityUS ferro-vanadium market experiences more thin trading Export prices for Chinese ferro-vanadium continued to trend...Read More
Market participants held back on trading low-grade manganese ore on fears of further price drops in the run-up to year end, Fastmarkets learned in the latest pricing session in the week ended Friday November 30. Low-grade ore prices slide in China High-grade ore price inches up on stock-building activity Chinese physical manganese alloy price holds in spite of futures drop India...Read More
Bob Moriarty ArchivesDec 3, 2018Early in 2018 someone named Kevin Vecmanis contacted me asking my thoughts on an AI platform he was setting up to help investors track various investing opportunities. The idea intrigued me and I encouraged him to continue. What he came up with is interesting to say the least. I think he is on to something.The platform is named VanAurum. It contains a lot of data an...Read More
Global ferro-vanadium prices weakened last week due to trader profit-taking amid sluggish spot market demand. Chinese export prices sink on weak buying interestEuropean ferro-vanadium prices weaken on profit-takingEurope vanadium pentoxide (V2O5) market softens slightly amid inactivityUS ferro-vanadium market experiences more thin trading Export prices for Chinese ferro-vanadium continued to trend...Read More
As with last Wednesday's investor excitement over suggestions of a looming pause in Fed tightening, the risk is the cheer over a trade-war ceasefire becomes a one-day wonder, Bloomberg noted.US and UK indices had closed higher yesterday while Asian markets were lower in afternoon trade today.Australia's metals and mining stocks on the benchmark S&P/ASX200 were down 0.86% overall but the gold s...Read More
Prime Minister Bruno Tshibala signed the decree, dated November 24, the wire service reported.The change had been flagged earlier this year, with cobalt royalties already increased from 2% to 3.5% under the country's new mining code which came into effect mid-year, despite strong opposition by mining companies including Glencore (LSE: GLEN). The global miner and commodities trader has indicat...Read More
Market participants held back on trading low-grade manganese ore on fears of further price drops in the run-up to year end, Fastmarkets learned in the latest pricing session in the week ended Friday November 30. Low-grade ore prices slide in China High-grade ore price inches up on stock-building activity Chinese physical manganese alloy price holds in spite of futures drop India...Read More
The report, Keep it in the regions: Mining and resources industry support for businesses in regional economies, is the outcome of the Industry, Innovation, Science and Resources Committ...Read More
The industrial action in protest of retrenchments at the operation has been ongoing for four weeks, with Gold Fields offering increased severance payments and better portable skills training opportunities for retrenched employees as part of a potential settlement.It also offered to extend the period over which wages lost by striking employees would be forfeited.The offer, which was developed in co...Read More
This article has been corrected to show that the Fastmarkets MB copper concentrates index should have read $88.8 per tonne/8.88 cents per lb on Friday November 30, not $87.3/8.73 cents as previously published.Diverted tonnages have been flowing into the spot copper concentrate market following unplanned outages at major smelters, boosting treatment charges (TCs) in the final two weeks of November....Read More
Published 22 Hours AgoUpdated6 Hours AgoReuters Getty ImagesGold bullion bars and coins.Palladium soared to a record high on Tuesday, fueled by speculative interest and tight supplies of the autocatalyst metal, briefly surpassing bullion, which scaled to more than a five-week peak as the dollar slid.Spot gold was up 0.6 percent to $1,237.81 per ounce after earlier hitting $1,241.86, the highest...Read More
Jack ChanPosted Dec 3, 2018GLD – on sell signal.***SLV – on sell signal.***GDX – on sell signal.***XGD.TO – on buy signal.***CEF – on buy signal.***GDXJ – on sell signal.***Speculation remains at multi decade low, allowing for a potentially substantial short covering rally in the near future.Speculation remains at multi decade low.Tradable bottom remains in plac...Read More
Please Note: Most US markets will be closed tomorrow for a national day of mourning. "Meanwhile, futures giant CME Group CME will shut down trading of interest-rate and futures and options products for the day, though electronic trading and trading in energy and metals futures will have a regular session, including those for oil and gold. "We are deeply saddened by the passing of President Geor...Read More
- "Time is running out" - Sir David Attenborough- "Continuation of civilisation is in your hands," Attenborough warns world leaders- Mass extinction is "on the horizon"- Failure to 'join the dots' between environmental risks and significant economic challenges(Editors note: The world faces some very serious ecological challenges due to the pollution, destruction and over consumption of our natur...Read More
Fred Imbert| @foimbertPublished 15 Hours AgoUpdated1 Hour AgoCNBC.com show chapters Trading Nation: S&P 500 Nears Death Cross 5 Hours Ago |04:16 Stocks fell sharply on Tuesday in the biggest decline since the October rout as investors worried about a bond-market phenomenon signaling a possible economic slowdown. Lingering worries around U.S.-China trade also added to jitter...Read More