What you need to know about this developing S&P triangle pattern"The proportion of investors preparing for equity falls is the highest in the survey's history, BAML said, noting that trade war was seen as the main risk by 37% of participants, followed by a Chinese slowdown which was picked by 16%."-- Reuters, May 15, 2019The Reuters excerpt above, also highlighted in last week's commentary, is one...Read More

Already legal in 30 states, the tide is turning for medical marijuana.It seems like everyone is looking for a way to make money from the legal marijuana boom...But many don't want to roll the dice and risk their hard-earned money on a penny stock, or spend hours learning how to buy shares of a grower on some Canadian exchange.But there is good news.Marijuana profit-sharing plans are here, and one...Read More

The temporary truce on tariffs between China and the United States could be over, injecting a new round of uncertainty into the global financial markets and suspending hopes that a resolution to the countries' trade impasse was likely.US President Donald Trump has threatened to raise the tariff on $200 billion-worth of Chinese imports to 25% from 10% by Friday May 10. He also said that the US may...Read More

A financial re-set could lead to the biggest political event in decades.The American financial system may be headed towards a crisis, unlike anything the U.S. has seen in the last 50 yearsOne financial guru is predicting a political event that could "reset" the financial system in ways that many Americans will never predict -- and it could lead to "a national nightmare."With growing inequality cau...Read More

Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis. Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2019 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intellig...Read More

* FTSE 100 down 0.1%, FTSE 250 up 0.4% * Tobacco cos, drugmakers lead losses on main index * NMC up after hiking FY forecast * Galliford gains after snubbing Bovis' offer for units * Thomas Cook surges after Berenberg ups rating (Adds news items, analyst comment, updates share prices)By Shashwat AwasthiMay 28 (Reuters) - A drop in blue-chip tobacco stocks aftera report showing declining cigarette...Read More

The London Metal Exchange three-month nickel price continued its decline to fall 1.9% since the close on Friday May 24 to end the afternoon kerb at $12,120 per tonne on Tuesday May 28.The LME three-month nickel price surged by 4% to a kerb close of $12,355 per tonne on May 24 with a spate of short covering in anticipation of the UK and US bank holidays on May 27 driving the price up to a $12,450-p...Read More

The seaborne coking coal market showed some signs of weakness on Tuesday May 28, with supply outpacing demand in the fob Australia premium segment, even though prices for China-bound cargoes appeared to hold up.A July-laycan cargo of second-tier hard coking coal was traded at $197.05 per tonne cfr China. The transaction is part of a term contract, according to various sources.This is down $0.95 pe...Read More

Chinese mills lowered their export offers for hot-rolled coil on Tuesday May 28 to generate interest after a recent lack of activity in the market, both at home and abroad.DomesticEastern China (Shanghai): 3,990-4,000 yuan ($578-580) per tonne, down 10-20 yuan per tonneNorthern China (Tianjin): 3,900-3,910 yuan per tonne, unchangedA Hangzhou-based trader said trading activity remained thin during...Read More

Osisko Mining Inc. (OSK:TSX) has announced the discovery of a new gold-bearing zone at its Windfall Lake project located in the Abitibi greenstone belt of James Bay, Qu?(C)bec. The new zone is about 350 metres north of the main zone.Four of the nine holes drilled at the new discovery contained visible gold. Notable drill results include 393 g/t gold over 2.2 metres, 31 g/t gold over 6.1 metres and...Read More

Bill Murphy breaks down the market rigging by JP Morgan, as well as the news media's blindness to it...Dear Friend of GATA and Gold:This interview covers JPMorganChase's domination of the silver market, the refusal of mainstream financial news organizations to address manipulation of the monetary metals markets, and the assistance given to GATA by the late member of the U.S. Commodity Futures Trad...Read More

Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD), the world's second largest producer of the precious metal, said it was considering a $1 billion expansion of its Pueblo Viejo mine in the Dominican Republic in a 60-40 joint venture with Newmont Goldcorp (NYSE: NEM)(TSX: NGT).Having recommitted Barrick to its Latin American portfolio earlier this year, president and CEO Mark Bristow said the company...Read More

The London Metal Exchange three-month nickel price continued its decline to fall 1.9% since the close on Friday May 24 to end the afternoon kerb at $12,120 per tonne on Tuesday May 28.The LME three-month nickel price surged by 4% to a kerb close of $12,355 per tonne on May 24 with a spate of short covering in anticipation of the UK and US bank holidays on May 27 driving the price up to a $12,450-p...Read More

CIS export rebar and wire rod prices increased at the end of May, supported by fresh bookings at higher levels, sources told Fastmarkets on Tuesday May 28. They said positive sentiment in the market, driven by the reduction in duties on Turkish steel in the United States, had led to the resumption in buying activity.Several cargoes of June-rolling Ukrainian rebar were sold to E...Read More

Here are five Fastmarkets MB stories you might have missed on Tuesday May 28 that are worth another look.The Chinese government is examining an industry proposal to discard the use of the term "scrap" by officially renaming certain copper scrap products as "recyclable copper raw materials" to reflect the high purity of the furnace-ready feed, sources with direct knowledge of the matter confir...Read More

A summary of base metals premiums from across the globe for the week to Tuesday May 28. Please click...Read More

European lead and zinc smelter Recylex has again been granted a reprieve from debtors regarding repayments of loans its German subgroup took out to finance asset investment, but will also be on the hook for a ?,?26.7 million ($29.9 million) fine from the European Union, the company said on May 24.A group of German banks loaned Recylex's German subgroup, which includes zinc-oxide manufacturers Norz...Read More

Fastmarkets proposes to move the weekly publication day of five price assessments - two nickel pig iron (NPI) prices, two laterite nickel ore prices and one nickel sulfate price - from Tuesday to Friday.The proposed specifications are listed in full below:Assessment: Laterite nickel ore 1.8% cif China $/tonne Quality: Loose mud. 1.8% Ni, 15-20% Fe, Water content 30-35%, Si:Mg ratio <2Quantity:...Read More

Auroch Minerals has signed a binding agreement with fellow Australian miner Minotaur Exploration to acquire its Western Australian Saints and Leinster nickel sulfide deposits for A$1.5 million ($1.03 million), Fastmarkets learned on Tuesday May 28.The Saints deposit houses 1.05 million tonnes of unexploited 2% nickel-containing ore while the smaller Leinster deposit comprises 600,000 tonnes of une...Read More

The three-month nickel price on the London Metal Exchange dropped by 1.2% during morning trading on Tuesday May 28, capped by thin buying interest across Asian trading hours while US-China trade tensions continued to hang over commodity markets. Nickel prices had soared by more than 4% toward the end of last week, with the metal's three-month price reaching a one-month high of $12,495 per tonne on...Read More