Australia's OceanaGold (ASX, TSX: OGC) has withdrawn from two exploration projects in Argentina in which spent about $4.5 million (C$6m) over the past two years as explorations results have not met the miner's expectations.Mirasol Resources (TSX-V:MRZ), the owner of La Curva and Claudia prospects in Argentina's Santa Cruz province, said that while results to date weren't what OceanaGold expected,...Read More
China's domestic rebar prices were flat on Monday March 25, though but export offers edged up amid a positive outlook for demand in the next couple of months. Domestic Eastern China (Shanghai): 3,840-3,880 yuan ($572-578) per tonne, unchanged Northern China (Beijing): 3,840-3,870 yuan per tonne, unchangedWeakening futures led to a slowdown in procurement rates in the spot rebar market.But sellers...Read More
Import prices for steel slab in Southeast Asia and East Asia increased over the past week amid continued upward pressure from higher offers, although trading activity remained muted due to the large bid-offer gap, sources said.Fastmarkets' weekly import price assessment for slab in Southeast Asia and East Asia was $495-510 per tonne cfr on Monday March 25, up by $15-20 per tonne.A transaction invo...Read More
The Chinese ferro-silicon price was stable in the past week in line with fundamentals, while the downturn in the European price persisted against weak spot demand. China supported on lower production Europe drops to 2016 low with more weakness expected US market holds, weakness may loom ahead Chinese ferro-silicon prices have been steady in the past week in line with demand from steel...Read More
Volvo has always been synonymous with safety in the automobile world. Now, the Swedish automaker is taking drastic steps to push the borders between "safety" and "big brother" Continue...Read More
The United States has for decades sought to play a more permanent role in Gulf regional security. While the unresolved conflict with Iraq provides the immediate justification, the Continue...Read More
Long-term contract and import prices for ferro-chrome rose again in China in the week ended Friday March 22 on higher tenders from stainless steel mills and load shedding by South Africa electricity company Eskom. April tenders push up long-term contract prices in ChinaCharge chrome import prices rise on protracted power constraintsAlloy prices rise in South KoreaEuropean alloy prices flatline de...Read More
The Dow eked out a win, thoughIt was a volatile start to the final trading week of the first quarter, with stocks reacting to news out of D.C., namely President Donald Trump's tweets of "Total EXONERATION" following Attorney General William Barr's summary of Special Counsel Robert Mueller's report. The latest round of U.S.-China trade talks were also in focus, while last week's yield curve inversi...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
KBH has earnings this week, on top of a number of economic reports on the housing marketKB Home (NYSE:KBH) is preparing to report earnings after the close tomorrow, March 26, and the options market is foreseeing greater-than-normal volatility following the event. By the numbers, the stock has averaged a 4.1% swing after earnings during the past eight quarters, but this time around speculators are...Read More
Plus, Google is toying with change that could impact Trade Desk and CriteoThe Dow is clinging to slight gains at midday, propped up byRobert Mueller's report. Of the stocks making particular noise today, digital advertising experts Trade Desk Inc (NASDAQ:TTD) and Criteo SA (ADR) (NASDAQ:CRTO) are lower, while athletic apparel stock Nike Inc (NYSE:NKE) is in the news. Here's a quick look at what's...Read More
A look at the 25 best stocks to own in AprilThe S&P 500 Index (SPX) is on pace to end March with a modest 0.4% gain, which would mark theindex's third straight month in the black. Looking ahead, April tends to bode well for Wall Street, with the SPDR S&P 500 ETF Trust (SPY) -- an exchange-traded fund (ETF) that mimics the S&P 500 -- ending the month higher nine of the past 10 years. Below, we take...Read More
Analysts have been extremely optimistic toward Citigroup stockBanking giant Citigroup Inc (NYSE:C) is extending last week's weakness -- down 0.6% at $60.63, and pacing for a fifth straight loss -- after a dovish Fedand an inverted yield curve created headwinds for the financial sector. However, the stock remains 16% higher year-to-date, and its recent pullback has it trading near a historically b...Read More
The shares of TSLA are in the red after RBC issued a price-target cutIt's been a troubling couple of days forTesla Inc (NASDAQ:TSLA), after the New York Times on Friday reported that the electric automaker's sales have dropped considerably since the start of the year, according to new-car registration data from the Dominion Cross-Sell Report. Elsewhere, RBC today slashed its price target on TSLA...Read More
Stocks are attempting to recover some of Friday's steep lossesU.S. stocks are cautiously higher at midday. Trade-sensitive Caterpillar (CAT) is the top stock on theDow Jones Industrial Average (DJI), as Wall Street awaits news from the latest round of U.S.-China trade talks. Speculators are also optimistic after Robert Mueller found no evidence that President Donald Trump colluded with Russia. On...Read More
Boeing and the Federal Aviation Administration worked closelytogether to hustle a new passenger jet through the safety certificationprocess. The combined efforts to save time and cost, coupled with little senseof accountability, resulted in a tragic safety flaw. Now hundreds of passengers are dead, albeit in other countries.The public is finding the enormous trust placed in the manufacturer and th...Read More
By: RambusThere is a ratio chart, $Gold:$XAU, we haven't looked at in quite awhile that has helped us in the past to locate some important turning points for the PM stocks. I'm not going to get into all the details tonight but this ratio chart shows you just how undervalued the $XAU or precious metals stocks in general are to gold itself. From the mid 1980's to the 2008 GFC crash the horizontal...Read More
It's tempting to think last week's high at 2866.00 (click on inset) will mark the final gasp of an exceptionally powerful bear rally. If so, it will have occurred in a place where we might have expected Mr. Market to spring a nasty trap on bulls and bears alike. The latter would have thrown in the towel and covered short positions when the S&Ps broke out over the last two weeks above three des...Read More
AAPL is expected to unveil its new streaming services at an event later todayOptions volume is accelerated on Apple Inc. (NASDAQ:AAPL) this morning, ahead of the today's highly anticipated event, where the tech titan is expected to unveil details for its new video and news streaming services. At last check, around 219,000 calls and 153,000 puts have changed hands on AAPL stock -- nearly double wha...Read More