As part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value to your own...Read More
Back in 2104 oil was falling and hundreds of billions of dollars of energy junk bonds and leveraged loans looked to be at risk. Wolf Street had this to say at the time:Oil and Gas Bloodbath Spreads to Junk Bonds, Leveraged Loans. Defaults NextThe price of oil has plunged nearly 40% since June to $65.63, and junk bonds in the US energy sector are getting hammered, after a phenomenal boom that pea...Read More
Crude's price fluctuations are a circus act that I've watched with diminishing interest over the years. It's easy enough to predict short-term swings with sufficient accuracy to make money at it, as Rick's Picks subscribers who traded NYMEX futures and energy ETFs yesterday would be happy to attest. But paying diligent attention to the constant barrage of supply-and-demand spin that drives the b...Read More
Crude oil can rise anytime. Momentum can reverse on value-based buying. I am satisfied with the gold price performance yesterday. It did not nosedive. If gold and silver do not fall today, then there will be short covering and a rise. Any reconciliation between China-USA on the trade war issue will be bullish for copper and industrial metals. Right now everything is mere speculation. Next week...Read More
Oil futures are on track to snap their 12-day skidFutures on the Dow Jones Industrial Average (DJI) are pointing to a strong open, vaulting higher after the consumer price index (CPI) rose 0.3% in October, on par with analyst expectations. The core CPI rose at an annual rate of 2.1%, compared to last month's 2.2% growth. Even plummeting oil pricesappear ready to rebound. At last check, December-d...Read More
Shares of Tilray and Canopy Growth are in the red after earningsWall Street today is reacting to quarterly results from Canadian marijuana firms Tilray Inc (NASDAQ:TLRY) and Canopy Growth Corp (NYSE:CGC). Both stocks are set for sharp declines at the open, after the companies each posted larger-than-expected losses for the third quarter. Also in focus is cannabinoid therapeutics expert GW Pharmace...Read More
Nickel premiums in China, the United States and Europe remained unchanged over the week amid limited activity, an unstable import window in Shanghai and participants' absence from the market. An open but unstable import window kept premiums in Shanghai flat Subdued activity in the US nickel market maintains premiums European nickel market quiet with long-term in focusShanghai nickel premiums uncha...Read More
2018-11-14 08:46 ET - News ReleaseMr. Edgar Montero reportsCHEMESIS INTERNATIONAL INC. SIGNS EXCLUSIVE LICENSING DEALChemesis International Inc. has entered into a multiyear licensing deal with Kevin Smith and Jason Mewes (also known as Jay and Silent Bob) for the development and promotion of cannabis products in the United States, including flower, oils, extracts, prerolls, cones, edibles and oth...Read More
The latest news and price moves to start the Asian day on Thursday November 15.Base metal prices on the London Metal Exchange were predominantly higher at the close of trading on Wednesday November 14, boosted by a steady rebound in global benchmark crude oil futures and a marginal retreat in the United States' dollar index. Read more in our live futures report.Here are how prices looked at the cl...Read More
VANCOUVER, BRITISH COLUMBIA / November 14, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) and engineering subsidiary PurLucid Treatment Solutions Inc. ("PurLucid") are pleased to announce they have received notice of publication of its patent for a new method to produce boiler feed water using low energy water treatment. The technology will facilitate using...Read More
The latest metal markets news and price moves to start the North American day on Wednesday November 14. Base metals on the London Metal Exchange were mostly lower during morning trading, with prices weakened by a prolonged sell-off in crude oil markets while continued strength in the US dollar index increased downward pressure. Falling by just under 1% over the morning, the three-month nickel...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Wednesday November 14.Base metals prices on the Shanghai Futures Exchange weakened during Asian morning trading on Wednesday, with the release of lackluster Chinese data failing to offset the downward pressure being exerted by a strong dollar.Check Fastmarkets MB's live futures report here.Opt...Read More
• The precious metal struggled to register any meaningful recovery and has been consolidating within a narrow trading range, just above one-month lows, forming a rectangular chart pattern on the 1-hourly chart. • A Rectangle is considered as a continuation pattern that marks a pause/consolidation phase, though is not complete until a breakout h...Read More
Gold prices settled higher on Wednesday, marking a modest reversal in selling action that had driven the metal down for seven sessions in the past eight. December gold GCZ8, -0.03% settled at $1,210.10 an ounce, up $8.70, or 0.7%. Tuesday's finish at $1,201.40 was the lowest for a most-active contract since Oct. 10, according to FactSet data. December silver SIZ8, +0.14% tacked on 10.3 cents, o...Read More
Stephanie Landsman| @stephlandsmanPublished 11 Hours AgoUpdated10 Hours AgoCNBC.com show chapters Wells Fargo turns bullish on gold, sees near-term gains 4:47PM ET Tue, 13 Nov 2018 |02:20 With gold trading around one-month lows, the Wells Fargo Investment Institute is getting bullish.John LaForge, the firm's head of real asset strategy, sees gold regaining its luster and deliv...Read More
Gold prices ended lower Tuesday, logging a fourth straight decline and the seventh down session out of the past eight, as a popular gauge of the dollar slipped but remained near its highest level in roughly 17 months. December gold GCZ8, -0.03% fell $2.10, or 0.2%, to settle at $1,201.40 an ounce. It dipped to a low of $1,196.60, but also crossed briefly into positive territory to touch a high o...Read More
Here we have silver at $14 and with JPMorgan shorting the snot out of it for no conceivable legitimate economic motive, just as the Justice Department announces a criminal guilty plea by one of its former silver traders for manipulating prices. I could never have made any of this up if I tried. - Ted Butler / November 10, 2018On the heels of the US Department of Justice's commodity fraud and consp...Read More
Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | Email | Stitcher | RSSSilver is approaching a three year low. The Silver Guru David Morgan joins Silver Doctors to discuss what's going on with silver and a whole lot more...David Morgan of The Morgan Report interviewed by Elijah Johnson of Silver DoctorsMany silver bulls are giving up, Morgan says. But this could change....Read More
Gold prices ended lower Tuesday, logging a fourth straight decline and the seventh down session out of the past eight, as a popular gauge of the dollar slipped but remained near its highest level in roughly 17 months. December gold GCZ8, -0.04% fell $2.10, or 0.2%, to settle at $1,201.40 an ounce. It dipped to a low of $1,196.60, but also crossed briefly into positive territory to touch a high o...Read More
SD Midweek: Crude oil has dropped in price to the mid-$50s, and silver just hit fresh, new 52-week lows, just like clockwork. Here's an update...I have been saying, for months now, if the price of crude oil drops into the mid-$50s, then the metals, and especially silver, would be headed lower.Check out this crude oil chart that I printed out this morning:Yes, it is down more than 28% from its high...Read More