London Metal Exchange zinc spreads are stressed, with the cash-to-three-months premium hitting a one-year high of $63 per tonne earlier this week.LME stocks are low, at just 99,900 tonnes excluding metal earmarked for physical load-out.It's the same story in Shanghai.Physical tightness in the refined segment of the market, it seems, is not going to go away any time soon, either in Shanghai or in...Read More
NEW YORK (Reuters) - The U.S. dollar strengthened as much as 0.8 percent against the euro on Wednesday to its strongest since Aug. 20 after European data signalled that economic growth could be flagging across the euro zone.Euro zone business growth slowed more than expected this month, a widely watched Purchasing Managers Index (PMI) survey showed. German private-sector growth fell to its lowest...Read More
WASHINGTON (Reuters) - The United States wants perfect clarity on what happened in the death of prominent Saudi journalist Jamal Khashoggi, U.S. Secretary of State Mike Pompeo said in an internal email sent widely to U.S. State Department employees.“We are already seeing steps from Saudi Arabia reflecting serious accountability, but we won’t be satisfied until we get perfect clarity on...Read More
The VC PMI analysis shows that gold enters this week with a bullish sentiment.For gold, take profits if you are long and wait for reversions to the buy 1 (B1) level of $1220 to the buy 2 (B2) level of $1212 to go.The VC PMI analysis shows that silver enters this week with a bullish trend momentum.If the silver market closes below $14.66, it would activate a bearish trend and activate buy 1 (B1) an...Read More
"Stratabound Reports Further Exploration Successes at Golden Culvert Project, Intersecting 12.98 gpt over 2 Metres with Visible Gold https://t.co/qKmMF7utsF"Read full newsRead More
"Triumph Gold Announces Results from Exploration Drilling in the Granger and Guder Zones @TriumphGoldCorp https://t.co/KcbraEJtdc"Read full newsRead More
Blackrock Gold Resources (TSXV:BRC, OTC:BKRRF, FRANKFURT:AHZ) (theRead full newsRead More
MOSCOW (Reuters) - The United States has yet to decide if it will impose new sanctions on Russia, U.S. President Donald Trump’s National Security Advisor John Bolton said on Wednesday, saying it was in the process of making a decision.Bolton made the comments at a news conference in Baku, the capital of Azerbaijan, according to a transcript of the event provided by the U.S. National Security...Read More
NEW YORK (Reuters) - Stock markets around the world edged lower on Wednesday while U.S. treasuries prices rose as investors favored safer investments amid a range of uncertainties, while the U.S. dollar surged and oil prices steadied after the previous day’s session.Investors have been unnerved by a range of issues in recent days, including some disappointing earnings reports, worries about...Read More
Ely Gold Royalties (TSXV:ELY, OTC:ELYGF) (Read full newsRead More
CAPE TOWN, Oct 24 (Reuters) - Mali's first independent power project - a 122 million euro ($139.06 million), 90-megawatt diesel plant - will go online next week in the country's gold-rich southwest, a board member of the operator said on Wednesday.The new plant could spur more of the foreign investment Mali has struggled to attract since Islamist militants seized the desert north in 2012.French fo...Read More
New home sales fell to a nearly two-year low in SeptemberThe Dow Jones Industrial Average (DJI) has explored a more than 400-point range on both sides of breakeven today. While strong earnings from Boeing (BA) initially propped the blue-chip index up over 100 points, a disappointing reading on new home sales -- which fell 5.5% to a roughly two-year low last month -- has soured investor sentiment,...Read More
CAPE TOWN, Oct 24 (Reuters) - Mali's first independent power project - a 122 million euro ($139.06 million), 90-megawatt diesel plant - will go online next week in the country's gold-rich southwest, a board member of the operator said on Wednesday.The new plant could spur more of the foreign investment Mali has struggled to attract since Islamist militants seized the desert north in 2012.French fo...Read More
Marijuana stocks are in "early internet" territory.Amazon's early investors walked away with over 79,000% in profits. And this same phenomenon is happening in the cannabis space right now.Remember, the dotcom bubble separated out the real companies from the fake.Which is why it's so important to "weed" out the companies that might not survive this volatile but opportune time.Now, the race has ser...Read More
"Algold Reports 80.0 g/t Au Over 0.4 Meters as High-Grade Drill Results Continue at Tijirit @AlgoldResources https://t.co/JiTFjtvCLK"Read full newsRead More
(Reuters) - U.S. stocks dropped on Wednesday as weak results from AT&T and sour outlook from chipmakers ahead of key earnings added to growing worries about corporate profit growth and overshadowed optimism from Boeing’s raised forecast.A slew of results this week is expected to throw spotlight on the risk of a slowdown in China, the world’s No. 2 economy, spilling beyond its borde...Read More
Short-term options are pricing in elevated volatility expectations at the momentTwitter Inc (NYSE:TWTR) is scheduled to report third-quarter earnings before the market opens tomorrow, Oct. 25. TWTR stock has been relatively quiet on the charts over the last two months, per the stock's 60-day historical volatility of 40.9%, which registers in the 6th annual percentile. However, the options market i...Read More
BRUSSELS (Reuters) - Steel imports into Europe have risen sharply as a result of U.S. tariffs, particularly from Turkey, threatening European steelmakers as demand growth in the continent slows, European steel association Eurofer said on Wednesday.Eurofer said in its quarterly review it expected European Union apparent steel consumption, a reflection of supply to the market, would rise by 2.2 perc...Read More
Stephanie Landsman| @stephlandsman Published 13 Hours AgoCNBC.com show chapters Gold rally is on borrowed time, Wells Fargo warns 2:44PM ET Tue, 23 Oct 2018 |01:42 Gold's surge to July highs is creating a bright spot in the market as U.S. stocks struggle.However, John LaForge of the Wells Fargo Investment Institute believes the rally will trip up investors in a matter of month...Read More
Stephanie Landsman| @stephlandsman Published7:37AM ET Wed, 24 Oct 2018CNBC.com show chapters Gold rally is on borrowed time, Wells Fargo warns 2:44PM ET Tue, 23 Oct 2018 |01:42 Gold's surge to July highs is creating a bright spot in the market as U.S. stocks struggle.However, John LaForge of the Wells Fargo Investment Institute believes the rally will trip up investors in a ma...Read More