Here are five Fastmarkets MB stories you might have missed on Thursday July 18 that are worth another look.Hong Kong Exchanges & Clearing will launch US dollar-denominated London Metal Mini Futures for six base metals starting Monday August 5, the exchange said recently. Nickel's three-month price on the London Metal Exchange continued its rally throughout afternoon trading on Thursday J...Read More
The shares are down 44% year-to-dateH.C. Wainwright initiated coverage on Outlook Therapeutics Inc (NASDAQ:OTLK) with a "buy" rating and an $8 price target -- a 310% premium to last night's close. The brokerage firm said it expects the company to receive regulatory approval by 2022 for its drug candidate ONS-5010, which is currently being tested in late-stage trials to treat patients with wet age-...Read More
The best part? It's risk-free. In an explosive report a former Lehman Brothers executive reveals one of Wall Street's most closely guarded investing secrets.The secret?A proven system for turning small sums of cash into vast windfalls of profits-without risking a penny in the stock market.Essentially, this system uses the latest advances in computer science and financial technology to give inve...Read More
NFLX is set to nosedive on a surprise drop in subscribers Dow Jones Industrial Average (DJI) futures are signaling their third day in the red, with UnitedHealth Group (UNH) and IBM (IBM) stocks lower after earnings. Nasdaq-100 Index (NDX) futures are also lower, with FAANG concern Netflix (NFLX) set to nosedive on a surprise drop in second-quarter subscriber rates and sluggish international member...Read More
The dream of building a new world-class copper-gold mine in Pakistan in an area bordering Afghanistan and Iran has been dashed, for now at least. The saga of Tethyan Copper Co's (TCC) efforts to develop the Reko Diq mine found resolution last week with an International Centre for Settlement of Investment Disputes (ICSID) ruling in favor of TCC following a dispute that has rumbled on for years.TCC,...Read More
The London Metal Exchange has just finished its trial to calculate nickel prices using a volume weighted average price (VWAP) method on the exchange's electronic trading platform. If early indications are anything to go by, metals market participants did not embrace this method of price discovery in the way some had anticipated. For three months since Monday March 18, closing prices for nickel car...Read More
The United States Secretary of Commerce has joined the growing chorus of voices questioning the current method of setting the US Midwest aluminium premium. Wilbur Ross said the US Midwest aluminium premium is at inflated levels that do not justify the cost of transportation and logistical handling costs that it was originally designed to reflect. His view is being echoed by a number of...Read More
Nickel's three-month price on the London Metal Exchange continued its rally throughout afternoon trading on Thursday July 18, closing just below $15,000 per tonne amid a continued flurry of technical buying and a seven-year low in LME stocks. Nickel's three-month price on the LME closed at $14,850 per tonne, climbing over 5% from an intraday low of $14,300 per tonne to trade at an intraday high of...Read More
Hong Kong Exchanges & Clearing (HKEX) will launch US dollar-denominated London Metal Mini Futures for six base metals starting August 5, the exchange said recently. The company, which has wholly owned the London Metal Exchange since 2012, said that the new Hong Kong-listed contracts will be available for aluminium, zinc, copper, nickel, tin and lead. The move is the latest attempt from HKEX and th...Read More
Optimism among China's hot-rolled coil exporters led to them resisting the pressure to lower their prices on Thursday July 18 despite a retreat in the domestic market.DomesticEastern China (Shanghai): 3,880-3,900 yuan ($564-567) per tonne, down 10 yuan per tonneNorthern China (Tianjin): 3,840-3,860 yuan per tonne, widening downward by 10 yuan per tonneSpot prices weakened across the country with t...Read More
China's month-on-month new electric vehicles (NEV) sales rebounded in August after month-on-month declines in June and July. The drop in sales between May and June was the first drop since September 2016, but Fastmarkets MB had expected Chinese NEV sales to dip temporarily after the June subsidy changes came into effect because consumers and NEV manufacturers would have to adjust to the new subsid...Read More
Iron ore prices fell sharply in the second half of November after climbing through October, with prices for higher-grade material pioneering the decline.Fastmarkets MB daily benchmark for 65% Fe fines dropped by 22% by Monday November 26 after peaking on October 29. The 62% Fe iron ore index declined by 16% over the period, as some Chinese steelmakers started to seek larger volumes of cheaper ores...Read More
The steel scrap sector in the United States still depends on exports to Turkey, a member of the Fastmarkets research team said during the ferrous session at the Bureau of International Recycling (BIR) conference in London.This dependence persists despite the changes in the international markets created by the US' imposition of its Section 232 tariffs on imports of steel products, metals analyst Le...Read More
The shackles of gold price suppression have been broken, and before the end of summer, silver will seize the mantle of dominance...by Michael Ballanger via Streetwise Reports"The desire for gold is the most universal and deeply rooted commercial instinct of the human race."-Gerald M. LoebOne of the finest books ever written on investing was "The Battle for Investment Survival," by Gerald M. Loeb,...Read More
https://media.blubrry.com/silverdoctors/p/content.blubrry.com/silverdoctors/AUDIO-ONLY-FinalEdits07-16-19CraigHemke.mp4Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | Email | Stitcher | RSSSilver's moving, but how high can price climb, and where will the banks try to apply more pressure? Craig answers that and a whole lot more...Craig Hemke of TF Metals Report interview...Read More
The action is solid, and the action is now...by Stewart Thomson of Graceland UpdatesGraceland Updates 4am-7amhttps://www.gracelandupdates.comhttps://gracelandjuniors.comhttps://gudividends.comhttps://guswinger.comhttps://gublockchain.comEmail:[email protected][email protected][email protected][email protected][email protected]July 16, 2019 It's the ultimate "no-brainer" that serious American...Read More
There is HUGE ACTIVITY in silver on the COMEX. Harvey Organ breaks it down...by Harvey Organ of Harvey Organ BlogGOLD: $1421.35 UP $11.35 (COMEX TO COMEX CLOSING) Silver:$15.93 UP 29 CENTS (COMEX TO COMEX CLOSING)// Closing access prices:Gold : $1426.50 silver: $15.97 YOUR DATA... COMEX DATA JPMorgan has been receiving gold with reckless abandon and sometimes supplying (st...Read More
The pros and cons of investors falling in love with (digital) silver...by Matt From Silver Fortune via Silver FortuneThe pros and cons of investors falling in love with (digital) silver.Read More
Silver (NYSEARCA: SLV) has been in a bit of a slumber when compared to the price action for Gold (NYSEARCA: GLD).Precious metals bulls hope that this about to change, as bullish action from Silver is necessary to confirm any bull market / move in metals.Today's chart takes a closer look at the Silver ETF (SLV) on a weekly basis. As you can see, Silver is up 5 percent this week alone.This is good n...Read More
Gold futures finished sharply higher Wednesday, sending prices to a fresh six-year high, as the U.S. dollar weakened and traders weighed expectations for a U.S. interest-rate cut. Prices climbed further in electronic trading Wednesday afternoon, following the release of the Federal Reserve's Beige Book-the central bank's periodic examination of the U.S. economy. The report said the economy is expa...Read More