Spot silver soared as much as 6.8%, the biggest jump since August.Read full newsRead More
That is a bullish omen for gold, as its subsequent upleg can accelerate after differential gold-ETF-share selling pressure ends.Read full newsRead More
That is a bullish omen for gold, as its subsequent upleg can accelerate after differential gold-ETF-share selling pressure ends.Read full newsRead More
The inauguration of President Biden did not put an end to the trend of the U.S. Dollar weakening, as many analysts predicted it would. His proposed billion-dollar stimulus package to combat the effect of the pandemic is expected to plunge the U.S. further into debt. The result would be an even weaker American currency. What does that mean for commodities and world markets? Wall Street analysts a...Read More
It’s not often a good idea for investors to base their purchases (or sales) on headline blur. The last four years have shown that the media is apt to both over- and understate events, often with a strongly partisan bias. Even the concept of “truth” has been up for grabs. But at least one piece of North American news over the last few days should be of note to Canadian investors....Read More
The unfortunate thing for investors right now is that there’s not a lot of value out there today. Valuations for stocks are near all-time highs based on certain metrics. Accordingly, those scrambling for pockets of value have to look long and hard to find what they’re looking for.The good news is the TSX does have some great companies with excellent value today. In this article, I&rsqu...Read More
Today I'm going to tell you about something we lost along the way.I'm going to tell you about how the future of computers is buried in our past.There is an elephant in the room - ubiquitous, persistent, and poorly handled - and we've ignored it for a good 80 years.It's a variation of the old "Pay no attention to that man behind the curtain" from The Wizard of Oz. Except we're going to start with...Read More
Warren Buffett’s recent portfolio addition of Barrick Gold (TSX:ABX)(NYSE:GOLD) has taken the market by surprise. The idea that one of the greatest long-term investors of all time added a gold position raises the question: Is hedging one’s portfolio right now a good idea?Warren Buffett and his partner Charlie Munger have long talked about how valuations have gotten out of con...Read More
When Larry Brock stormed the United States Capitol, he did so with malicious intent. That was made clear by his social media posts, one of which read, "Patriots on the Capitol. Patriots storming. Men with guns need to shoot their way in."It was also made clear by the helmet, fatigues, and flak jacket he donned, and the zip-tie handcuffs he carried. Of course, one thing he wasn't wearing was a...Read More
Thanks to the stellar recovery rally following the March selloff, the Canadian stock market appears to be overvalued. However, a few TSX-listed stocks are undervalued and are looking like attractive bets for 2021. Here are the five undervalued stocks to buy in 2021. Kinross GoldKinross Gold (TSX:K)(NYSE:KGC) stock looks highly attractive on the valuation front. It is tradi...Read More
Is there a silver short sqeeze coming? One has to really wonder after what happened the other day with some of the big silver mining companies. It's no secret that in the investment world that hedge funds along with the Comex have taken advantage of suppressing the price of silver along with the constant short and even naked short selling of some of the major silver miners. This is all happening a...Read More
Copper concentrate treatment and refining charges (TC/RCs) continued to drop toward the end of January as smelters cover cargoes that look to be delayed from Chile and Peru.What you need to know China smelters covering short positions exacerbated by Chile, Peru delays High sea swells are preventing cargoes from leaving some ports in Chile Las Bambas shipments have started to resume A...Read More
An overview of the new energy materials markets and their price moves from the past week.Read More
Monica KingsleyPosted Jan 30, 2021Yesterday‘s recovery ended on a weak note as stock bulls gave up the opening gap. Disappointing in the very short run, especially given that other key markets acted likewise weak. Neither corporate bonds, nor gold, nor oil could get their act together, and are hanging in the balance. Inviting the bears to probe the defences, how far south will they be able t...Read More
Tin's forward price rose by 1.5% in the week ended Friday January 29, while the rest of the base-metals complex on the London Metal Exchange, nickel and zinc in particular, showed lower prices than on Monday.This was blamed on several macro-economic factors turning sentiment downward for metals."With the exception of tin, across the board the base metal suite has come under pressure this week," St...Read More
An overview of the new energy materials markets and their price moves from the past week.Read More
Adam HamiltonArchivesJan 29, 2021 The major gold miners' upcoming earnings season should prove amazing. They enjoyed some of the highest prevailing gold prices ever witnessed last quarter, which sure ought to fuel massive earnings growth. Especially if their output levels and production costs stayed fairly stable, which is likely based on precedent. Incredibly-strong fundamentals should attract mo...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday January 29.China Sentiment among buyers has been dampened by falling silico-manganese futures prices and a smaller-than-expected increase in Hebei Iron & Steel's February purchase price for alloy, accompanied by a reduction in the tonnage the mill plans to procure.The portside market r...Read More
Copper concentrate treatment and refining charges (TC/RCs) continued to drop toward the end of January as smelters cover cargoes that look to be delayed from Chile and Peru.What you need to know China smelters covering short positions exacerbated by Chile, Peru delays High sea swells are preventing cargoes from leaving some ports in Chile Las Bambas shipments have started to resume A...Read More
Key data from Fastmarkets' pricing sessions in the week to Friday January 29 in China, Europe and the United States.China Spot ferro-silicon prices narrowed upward by 200-300 yuan ($31-46) per tonne amid little liquidity due to a supply shortage, while sentiment strengthened after many mills raised their tender prices for February-delivery ferro-silicon. Hesteel, China's second-largest steel mill,...Read More