Rumors surfaced late Friday Trump was considering firing the Fed chairIt's an abbreviated session on Wall Street today, with the stock market closing at 1 p.m. ET for the Christmas holiday, and shuttered all day tomorrow. Traders are less than cheerful, with Dow Jones Industrial Average (DJI) futures trading well below fair value this morning. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Inde...Read More
Could the action in stocks be foreshadowing a recession?"The SPX closed below its 80-week moving average on Friday, currently situated at 2,660... breaks of the 80-week moving average have usually preceded tests of the 160-week moving average, which approximates a roughly three-year moving average. With the 160-week moving average currently situated around 2,400, bulls run the risk of at least ano...Read More
Published 22 Hours AgoUpdated6 Hours AgoReuters show chapters Gold options activity explodes 9 Hours Ago |07:01 Gold scaled a six-month peak on Monday as sliding stock markets and concerns about a global economic slowdown sapped risk sentiment, driving investors to seek safety in the precious metal.Spot gold gained 1 percent to $1,268.38 per ounce at 1:40 p.m. EST in thin trade...Read More
B.C.'s mining industry is an essential part of the economic and social foundation of the province. A vibrant, competitive, growing industry provides benefits to British Columbians in all corners of the province.However, the rapid pace of change seen both in industry and in broader society requires bold and innovative solutions to ensure that the B.C. mining sector is fiscally competitive with juri...Read More
BRIEF-Equinox Gold Energizes Crusher At Aurizona Gold Mine, Comm:BRIEF-Equinox Gold Energizes Crusher At Aurizona Gold Mine, Commences CommissioningRead full newsRead More
Steel billet prices retreated further or remained unchanged in most regions during the week to Friday December 21 amid the year-end trading lull and persistent weakness in finished long steel markets.China was the exception, with its domestic prices continuing to edge up on lower supplies.AsiaSoutheast Asia's import prices for steel billet declined slightly amid low bids and minimal deals aft...Read More
Steel billet prices retreated further or remained unchanged in most regions during the week to Friday December 21 amid the year-end trading lull and persistent weakness in finished long steel markets.China was the exception, with its domestic prices continuing to edge up on lower supplies.AsiaSoutheast Asia's import prices for steel billet declined slightly amid low bids and minimal deals aft...Read More
Steel billet prices retreated further or remained unchanged in most regions during the week to Friday December 21 amid the year-end trading lull and persistent weakness in finished long steel markets.China was the exception, with its domestic prices continuing to edge up on lower supplies.AsiaSoutheast Asia's import prices for steel billet declined slightly amid low bids and minimal deals aft...Read More
Brazil's apparent steel consumption increased by 6.90% year on year in November, to 1.70 million tonnes, mostly due to an improved performance in the flat steel sector, according to the national steel association A??o Brasil.Apparent consumption of flat steel products grew by 11.70% in the same comparison, to 1.10 million tonnes, while long steel use declined by 0.80% year-on-year, to 606,000 tonn...Read More
Fastmarkets MB hosted the 22nd Middle East Iron & Steel conference in Dubai last week. Here are five things we learned...1 High-grade iron ore derivative will be an important tool for Middle East DRI industry A world-first 65% iron ore derivative launched by the Singapore Exchange in early December was hailed as an important hedging tool for the Middle East direct-reduced ironmaking (DRI) industry...Read More
Steel billet prices retreated further or remained unchanged in most regions during the week to Friday December 21 amid the year-end trading lull and persistent weakness in finished long steel markets.China was the exception, with its domestic prices continuing to edge up on lower supplies.AsiaSoutheast Asia's import prices for steel billet declined slightly amid low bids and minimal deals aft...Read More
Years ago, the idea that machines would replace humans on the trading floor seemed far-fetched and the suggestion that algorithms might replace humans entirely ridiculous.But both have happened in some shape or form, making the advent of blockchain - now being vaunted as the next game-changer in technology - a lot more realistic than naysayers might initially think.Dozens of trials and projec...Read More
Iron ore prices fell sharply in the second half of November after climbing through October, with prices for higher-grade material pioneering the decline.Fastmarkets MB daily benchmark for 65% Fe fines dropped by 22% by Monday November 26 after peaking on October 29. The 62% Fe iron ore index declined by 16% over the period, as some Chinese steelmakers started to seek larger volumes of cheaper ores...Read More
The TSX Index often enjoys a Santa Claus rally heading into the end of the year, but 2018 has served up a Santa rout, which might be a fantastic gift for savvy self-directed TFSA investors.Let's take a look at two stocks that have taken a beating in the past few months and could be attractive picks for a buy-and-hold TFSA portfolio today.Nutrien (TSX:NTR)(NYSE:NTR)Nutrien is a global leader in the...Read More
Hello, Fools. I'm back to call attention to three stocks popped last week. Why? Because after a stock rallies over a short period of time, one of two things usually happens: it continues to soar as traders ride the positive wave of momentum; or it falls back down to earth as value-oriented investors lock in their gains.Our list is filled with gold and silver plays this week, as investors run away...Read More
Continental Gold's (TSX:CNL) shares have remained in free fall ever since three of its geologists were murdered by an attack on its facilities at its Berlin property in northwestern Colombia in late September 2018. Even the latest surge in gold, which sees the yellow metal trading at over US$1,260 per ounce has failed to revive Continental Gold's stock. For the year to date, the miner is down by 3...Read More
It has been a tough year for silver miners because of sharply weaker silver and the stagnant outlook for the white metal. Despite gold soaring in recent weeks because of growing uncertainty regarding the outlook for the global economy, silver remains trading below US$15 per ounce. This has seen the gold-to-silver ratio widen to require 86 ounces of silver to purchase a single ounce of gold.That ra...Read More
Bob Moriarty ArchivesDec 24, 2018On January 26th of this year I wrote that sentiment indicators derived from the DSI put out by Jake Bernstein indicated that an even dozen commodities/markets were about to turn. All twelve did. There was not a bit of magic or voodoo involved. I just used information that anyone could have read and come to the same conclusion. That’s why I wrote Nobody Knows...Read More
"Once the Treasury Secretary starts to pump the stock market, you know there's a problem" - James Anderson, Silver Doctors / SD BullionThe Central Bank money printing and artificial suppression of interest rates over the last 10 years did a good job of deferring the financial and economic crisis that hit in 2008. But this "treatment" served only to cover up the problems. It did not directly addr...Read More
ScoZinc's processing facilities for its zinc-lead mine near Halifax, Nova Scotia. Source: ScoZinc Mining Ltd.ScoZinc Mining Ltd. [SZM-TSXV; SWNLF-OTC] said Monday December 24 that it is poised to be one of Canada's next base metal producers after releasing a project update and improved economic study for its wholly-owned ScoZinc zinc-lead mine in Nova Scotia.The forecast came after the company sai...Read More