The price range in Europe for grade-304 stainless steel cold-rolled (CR) sheet widened upward this week, with some of the higher offers heard last week finally being accepted by buyers, although business was also done at the same prices as before, Fastmarkets heard on Friday March 22.Despite the partial increase, buyers said that many offers were still considered to be unrealistically high, and th...Read More
The Mackenzie Valley Land and Water Board issued a Type B water license approving TerraX Minerals' (TSXV: TXR) broad exploration plan for its Yellowknife City gold project, located in Canada's Northwest Territories.According to TerraX, the Water License, which is effective for seven years until March 6, 2026, enhances the new Land Use Permit that the company obtained last February. The permit cove...Read More
* European stocks hit session lows after poor U.S. PMI* German flash manufacturing PMI shows lowest reading in6-1/5 yrs * Banks, auto stocks post steep falls (Updates to include U.S. PMI data, closing prices)By Susan Mathew and Medha SinghMarch 22 (Reuters) - European stock markets deepened losseson Friday, closing near session lows, as fears of a slowdown inglobal growth after weak manufacturing...Read More
Canada's Barrick Gold (TSX:ABX) (NYSE:GOLD) could close its Golden Sunlight mine in Montana as soon as May, unless the company finds a way to keep the 44-year-old and nearly depleted operation in business.Barrick is limiting mining to existing areas only, with a final new mill run to process gold ore scheduled in two monthsUnderground development has already ceased, and Barrick is limiting m...Read More
Some ferro-chrome suppliers to China have been charging the country's domestic stainless steel mills wider premiums to monthly tenders amid strong demand, market sources told Fastmarkets. Domestic Chinese stainless mills release yuan-based tender prices every month, announcing the price they are prepared to pay for ferro-chrome from domestic suppliers. Overseas ferro-chrome suppliers are often exp...Read More
China's leading stainless steel mills announced increases in their April tender prices for high-carbon ferro-chrome by 300 yuan ($45) per tonne month on month on Friday March 22.The rises will be imposed by Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel, Fastmarkets heard.After this adjustment, Tisco's April tender price for high-carbon ferro-chrome will be 6,950 yuan ($1,038) per tonn...Read More
Artificial intelligence may revolutionize trading.Sometimes watching the market can feel like riding a roller coaster.Many investors feel glued to the news, watching the market rise and fall hundreds of points, day after day, week after week.But savvy traders know these market conditions mean huge profit potential for anyone that knows how to trade them.And one "secret" that more and more traders...Read More
How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More
Learn how to protect savings and maximize returns by investing in precious metals.Gold Trust would like to announce the newest edition of its guide to precious metals, perfect for anyone hoping to safeguard their investments and retirement!And today, they are giving away a free copy of their Investor's Guide to Precious Metals 2019!Their goal is to help regular investors learn the "pro" secrets...Read More
All three indexes had their worst days since Jan. 3Stocks fell into the red at the open, as troubling eurozone manufacturing data amplified concerns of a slowing global economy. The selling pressure only intensified by midday, as disappointing U.S. factory data and a rare inverted yield curve -- typically seen as a pre-recession signal -- spooked an already-shaky Wall Street. By the time the dust...Read More
LONDON, 19 March 2019 - Comment from BullionVault appears today in London's financial freesheet, City AM.Asked about gold prices and this week's looming decision on interest rates from US central bank the Federal Reserve, "Consensus across the markets now sees a perfectly dovish outlook," says BullionVault's Adrian Ash, "with zero chance of a US rate hike in 2019, plus an early end to its quantita...Read More
Plus, Nokia options pits come alive amid probeThe Dow is getting crushed today due to the inverted yield curve and a rough outing from Nike (NKE). Of the stocks making particular noise today, mobile network firm Nokia Oyj (NYSE:NOK) is lower, while biotech Neurotrope Inc (NASDAQ:NTRP) and pizza maker Papa John's International, Inc. (NASDAQ:PZZA) are higher. Here's a quick look at what's got the s...Read More
LONDON, 18 March 2019 - Exclusive analysis from BullionVault is published today in UK finance professionals' magazine Portfolio Adviser."Should absolute returns funds make a priority of reviewing gold as a portfolio hedge?" asks Adrian in his 700-word review of the issue."Late 2018's stock-market slump certainly sent some managers into what news-wires and pundits insist on calling 'safe haven' gol...Read More
The stock has rallied almost 48% off its late-December lowBest Buy Co Inc (NYSE:BBY) was not resilient to the broad-market sell-off in late 2018, skimming a 20-month low of $47.72 on Dec. 24. Since then, the retail stock is up almost 49% -- thanks in part to a late-February post-earnings bull gap -- but is now trading near a trendline with historically bearish implications.Specifically, BBY stock...Read More
LONDON, 15 March 2019 - The latest weekly podcast from Investors Chronicle, the UK's longest running private investor magazine, today hosts BullionVault director of research Adrian Ash as its expert guest.Part of the now Nikkei-owned Financial Times group since 1978, the Investors Chronicle traces its publication back to 1860.In this week's podcast, the IC's deputy personal finance editor Taha Lok...Read More
With everyone talking about recession, investors desperately need some clues to assess the state of the economy. This is what our today’s article provide you with. We invite you to read it and find out what are the two most important recession indicators – and what is the link between them and the gold prices. With everyone talking about recession, investors desperately need some clues...Read More
Traders are digesting negative headlines about Turkey-U.S. relationsConcerns over relations between Turkey and the U.S. are sending the iShares MSCI Turkey ETF (TUR) sharply lower today. The exchange-traded fund (ETF) was last seen trading down 8.9% at $24.62, setting it up for its lowest close since early January, and the first below the 80-day moving average since around the same time. In the me...Read More
LONDON, 21 February 2019 - BullionVault is named today as a secure way to buy and trade physical gold by the Investors Chronicle, the UK's longest-run personal finance magazine."A number of internet or smartphone apps have emerged allowing people to buy and own physical bullion in a secure jurisdiction," says the magazine. "BullionVault is the longest-established provider of these, having launched...Read More
Nike earnings and an inverted yield curve have stocks selling off todayThe Dow Jones Industrial Average (DJI) is pacing for a weekly loss, which will mark its third in the past four weeks. A modestly bullish start to the week, which resulted in a "golden cross," was quickly halted as a dovish Fed sent big-cap bank stocks spiraling, while Nike's (NKE) post-earnings plunge -- a move not expected by...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 204,325115,92968,691186,704302,363459,720486,983 Change from Prior Reporting Period -925-10,502-6,520-5,3251,860-12,770-15,162 Traders 19368815256280176 Small Speculators LongShortOpen Interest 54,44327,180514,163 -3,097-705-15,867 non reportable position...Read More