TORTOLA, British Virgin Islands, July 14, 2021 /CNW/ - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the 'Company' or 'Sailfish') is pleased...Read full newsRead More
The fears of resurging COVID-19 cases are affecting the stock markets globally. In the last couple of sessions, the TSX Composite Index has dived by 2.3% — slashing its year-to-date gains to 13.2%. Despite the broader market weakness, the shares of some gold mining companies are still trading on a positive note in July. Let’s take a closer look at some safe stocks to buy amid the ongoi...Read More
The purpose of investing in stocks is to make money or make a meager capital multiply. It would help if people who are new to the Toronto Stock Exchange (TSX) to understand the two market cycles: the bull and bear markets. The former connotes rising stock prices, while the latter is when the value of securities is falling.Currently, investors’ sentiment in Canada’s main stock exchange...Read More
The Federal Reserve has one nasty "temporary" problem.Not in the way that it claims or in the way the Biden administration wants to think and talk about it.Instead it has a problem with the things it says will be temporary being temporary at all.Right now inflation is the clearest example, but really this has been going on for a while.And, from the look of it, it will be going on for far longer.Ne...Read More
Here are five Fastmarkets stories you might have missed on Tuesday July 20 that are worth another look,Shipments and distribution of steel in Germany have been disrupted by the recent flooding in the country, pushing flat steel producer Thyssenkrupp to declare force majeure, sources told Fastmarkets...Read More
Base metals prices on the London Metal Exchange performed well on Tuesday July 20, despite strong headwinds from rising coronavirus cases and a strong United States Dollar Index."The sell-off on Monday July 19 across the LME base metals complex was triggered by a set of negative macro dynamics, which spooked global investors," Fastmarkets analyst Andy Farida said. "Risk sentiment turned very negat...Read More
The London Metal Exchange nickel cash price is likely to hit $20,500 per tonne in the third quarter, with strong stainless steel demand and electric vehicle (EV) restocking driving the uptrend, according to analysts at Citi.Despite a sell off across base metals on July 19, Citi Metals Strategist Oliver Nugent told Fastmarkets that nickel fundamentals remain strong for Q3 and that he expects the pr...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJuly 20, 2021 Monday’s stock market meltdowndid not hurt gold, but the miners and silver took a hit.The big question: Is this the start of a bear market in stocks or is it just a dip that should be bought? For some insight into the matter, please click here now.Double-click to enlar...Read More
Jack ChanPosted Jul 20, 2021Gold sector as represented by $HUI is on a long-term SELL signal.Long-term signals can last for months and are more suitable for investors.Short-term is on SELL signal.Short-term signals can last for days and weeks and are more suitable for traders. Speculation is now in bear market values.COT data suggests overall lower prices. Our ratio is on SELL signal.USD has a con...Read More
An overview of the chrome ore and alloy markets in Asia, Europe and the United States on Tuesday July 20 and their latest price moves.China Spot ferro-chrome prices reached 10,000 yuan ($1,541) per tonne after some stainless steel mills raised their purchase prices amid strong production rates and with stainless steel prices at seven-year highs. Ferro-chrome producers in Inner Mongolia continued t...Read More
"The recent choppy nature of our markets has meant no two days seem to follow the same pattern so will be interesting to see if we are set to see another price collapse," Marex's Alastair Munro said yesterday from the LME desk.The S&P 500 rose 1.52% as bargain hunters drove US equities to the biggest advance since March, Bloomberg reported.London's FTSE 100 rose 0.54% and the S&P/ASX 200 w...Read More
Iron ore production in Western Australia rose 9% quarter-on-quarter to 65.2 million tonnes due to record production at Mining Area C, which included first ore from the US$3.Read More
Fastmarkets has corrected its weekly price assessment for European high-carbon ferro-chrome (60-70% Cr), which was published incorrectly on Tuesday July 20 due to an error in the review process.Fastmarkets' weekly price assessment for MB-FEC-0004 ferro-chrome, high carbon, 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe, should have been $1.34-1.55 per lb Cr but was published as $1.34-1.6...Read More
Jul 20, 2021 Guest(s): Gareth Soloway Chief Market Strategist, InTheMoneyStocks.com The stock market broke a critical support zone on Monday. Although markets are bouncing back today on Tuesday, Gareth Soloway, chief market strategist of InTheMoneyStocks.com, said that if this level is not held, a break-down could take stocks all the way down to pre-Covid highs, representing a 25% decline from c...Read More
A summary of BHP's copper, iron ore and nickel production results for the year ended June 2021.Australia-based resources company BHP's operational review, published on Tuesday July 20, is summarised below.In brief Annual copper production was down by 5% from the previous year, mainly due to declines at Escondida and Pampa Norte, both in Chile,...Read More
Here are five Fastmarkets stories you might have missed on Tuesday July 20 that are worth another look,Shipments and distribution of steel in Germany have been disrupted by the recent flooding in the country, pushing flat steel producer Thyssenkrupp to declare force majeure, sources told Fastmarkets...Read More
Here are five Fastmarkets stories you might have missed on Tuesday July 20 that are worth another look,Shipments and distribution of steel in Germany have been disrupted by the recent flooding in the country, pushing flat steel producer Thyssenkrupp to declare force majeure, sources told Fastmarkets...Read More
Mexican ferrous scrap prices continued to increase over the past week, with steelmakers competing to secure limited material and buyers in the key regions of Monterrey and Baj?-o heard accepting higher prices to keep volumes flowing.Fastmarkets assessed the steel scrap No1 busheling, consumer buying price, delivered mill Monterrey at 12,400 pesos ($622) per tonne on Tuesday July 20, up by 50 pesos...Read More
Turkish steel mills remained silent on Tuesday July 20, with no bookings heard due to the ongoing week-long Eid al-Adha public holiday, sources told Fastmarkets.The Turkish deep sea scrap market has remained silent since material was last booked on Tuesday July 13.A public holiday on Thursday 15 July also slowed any possible trading...Read More
Base metals prices on the LME were up across the board this morning, Tuesday July 20, while the SHFE followed Monday's weakness, which was triggered by growing fears over the potential impact of the Delta variant of Covid-19 on the global economic recovery.Gold, the yen and the dollar were stronger and the United States 10-year treasury yield weaker - all signs of a pick-up in haven demandThe spre...Read More