The junior gold explorer with a nascent exploration breakthrough could soar on the back of a gold bull market, writes Peter Krauth. Gold has the wind in its sails. Its price in U.S. dollars is up an astounding 62% since late 2015, with a 33% gain in just the past year, outpacing all major assets.And investors are only just starting to get interested.The Covid-19 pandemic and its economic impact i...Read More

The price spread for Europe-origin high-carbon ferro-chrome widened by a couple of cents per lb to $0.17 per lb in the week ended Friday May 1.This came after deals were reported at higher prices following the increase in the ferro-chrome and charge chrome benchmark for shipments in the second quarter of 2020. The gap was $0.20 per lb between the highest and lowest reported deal prices in the week...Read More

The possibility of the U.S. economy slowly reopening gave stocks a big boost The Dow notched a roughly 133-point win on Tuesday -- despite ceding a chunk of its gains from earlier in the session -- as some concern over a second wave of coronavirus cases lingers. Overall though,Wall Street eyed talks of slowly reopening the U.S. economy with optimism, especially after New York Governor Andrew Cuomo...Read More

AKAM has ample support during this unsteady climateCloud computing name Akamai Technologies, Inc (NASDAQ:AKAM) is one of many the many stocks suffering a volatile swings during the past two months. When trading during such an unsteady stock market climate, it's important to gather ample support behind any decision when it comes to your portfolio. One way we gauge what a potential pullback means fo...Read More

Gold prices have been in focus amid the broad-market volatilityGold prices have been on investor's radar all year, amid the broad market crash and subsequent rapid recovery. Through it all, mining stocks such as Gold Fields Limited (NYSE:GFI) have come out relatively unscathed, to the tune of a 107% 12-month gain. As if that's not enough, data from Schaeffer's Senior Quantitative Analyst Rocky Whi...Read More

The Dow is up around 360 points middayThe Dow Jones Industrial Average (DJI) is up around 360 points at midday, as hopes of the economy "reopening" and new earnings data outweigh the hesitance surroundingfears of a potential second wave. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also firmly in the black, with oil eyeing its fifth-straight session of wins. At last check, the front-m...Read More

Marathon reported a slimmer-than-expected, first-quarter lossThe shares of Marathon Petroleum Corp (NYSE:MPC) are up 1.4% at $31.96 this morning after reporting slimmer-than-expected, first-quarter losses of 16 cents per share, compared to analysts' anticipated losses of 31 cents per share. The firm's reported revenue of $24.08 billion also beat estimates. Meanwhile, Marathon said it would cut sp...Read More

Hertz entered into a forbearance deal in an effort to avoid bankruptcy Since investors caught wind that Hertz Global Holdings Inc (NYSE:HTZ) was looking at the possibility of filing for bankruptcy, the shares of the car rental name have been in a landslide. Coming into today HTZ was off over 35% month-over-month; however, reports this morning say Hertz has entered into forbearances and limited...Read More

SBUX found short-term support at its 30-day trendlineAfter Starbucks Corporation (NASDAQ:SBUX) reported last week earnings that fell short of Wall Street's expectations, the company announced last night it expects 90% of company-owned stores in the U.S. to be open by early June, with 85% to be opened by the end of this week. As a result, the shares of Starbucks are up 3.5%, last seen trading at...Read More

Crude futures are eyeing their fifth straight win todayDow Jones Industrial Average (DJI) futures are signaling big gains this morning, ready to build off of yesterday's tech-fueled rally. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also confidently above fair value, as investors look for signs of a slowly reopening U.S. economy amid the coronavirus crisis. Oil prices app...Read More

If ever there was a masterclass in the need to disaster-proof a supply chain, then the Covid-19 pandemic has provided a harsh reminder to the automotive sector that it's failing. It's a wake-up call for the industry, which, after a massive earthquake and tsunami hit Japan in March 2011, had vowed to end its "just in time" production philosophy and diversify its supply chain in orderto limit a repe...Read More

By: Ira EpsteinGold's action is not bad! You can see the short-term daily chart show the downtrend in the short-term, to break out of the pattern, gold would need to get over $1737:Read More

There will be a sell off if gold and silver fall today. Crude oil is bullish. There will be renewed short term hot money in crude oil (long positions) if crude oil rises till Thursday. Gold is somehow managing to float over $1700. Corrections up to $1650 will be a part of the bullish trend. Short term bearish trend will be there only if gold falls below $1650. Day traders and jobbers need to rem...Read More

Here's what usually occurs in related financial markets when "big changes in social mood are afoot"Related financial markets tend to move together. For example, gold and silver.Or, consider stocks. When the Dow Industrials are up on agiven trading day, the NASDAQ is usually in the green too. The same applies when the Dow is down. Other major stock indexes tend to close in negative territory as we...Read More

Precious metals markets enter the month of May with somemixed signals near term.  But thelong-term picture continues to look constructive.  All the metals appear to have put in majorbottoms during the panic selling of mid to late March. Barring another wave of virus outbreaks and economiclockdowns, the gradual reopening of state, local, and national economies shouldstart to unleash more...Read More

Car manufacturer Groupe PSA - maker of the Peugeot, Citroen, Opel and Vauxhall brands - has announced a "progressive and secured restart of Groupe PSA manufacturing sites."The restarts would be guided by the resumption of commercial activities, the company said on Monday May 4.Its various sites across Europe closed from March 18 because of the disruption affecting its majo...Read More

Russia's largest steelmaker, Novolipetsk Steel (NLMK), which also runs assets in Europe and the United States, expects steel demand to show a double-digit drop in home markets in the second quarter of 2020 and for the full year, the company said on Thursday April 30."In Russia, we expect a double-digit decline in steel consumption in May and June, with potential recovery starting in July," chief e...Read More

The Egyptian parliament has this week requested the government add a 10% import duty on finished steel products to protect local steel production, Egyptian market sources told Fastmarkets.The government has not yet approved or rejected the proposal but, if accepted, flat steel producers will benefit from the new duties, sources said.Egypt already imposes a definitive safeguard duty of 16% of the c...Read More

10 years ago every “analyst” and his brother was hyping the future price of gold and I kept track of their guesses in an article entitled “Gold Going To $2500, $5000, $10000, Even More? These 148 “Analysts Think/Thought So“. None of their forecasts “panned” out (pun intended) but some are back at it again suggesting that we are going to see gold going as h...Read More

A summary of the financial results of German metals distributor Kl??ckner & Co for the first quarter of 2020.In brief Continued weakness in the automotive, machinery and energy sectors, especially in Germany and the United States, weighed on Kl??ckner's results for the first quarter of 2020 Around 90% of Kl??ckner's branches are still operational, with the majority of closures in France&...Read More