Gold and silver prices are trading lower for the fourth consecutive day. A strengthened U.S. Dollar and hopes for an economic recovery are part of the reasons why investors’ interest in the precious metals has cooled down. As gold futures hit a two-week low, the U.S. dollar index hit a two-month high overnight. In addition, the U.S. stock market bulls have made a strong recovery this week w...Read More
Worried about where valuations are right now? Looking for some cheap growth options, tilted toward defensiveness?I’ve got three top picks I think every investor ought to consider right now. Indeed, I think these are the best options for investors looking to combat the frothiness of the market right now.Restaurant BrandsA top global player in the quick service restaurant (fast food) space,&nb...Read More
Despite the strong buying in equities over the past 10 months, a few TSX-listed stocks appear attractive on the valuation front. I believe the recovery in demand and economic expansion is likely to fuel growth and drive these undervalued stocks higher in 2021 and beyond. So, if you have $2,000 to invest, consider investing in these undervalued TSX stocks right now. LoblawCanadian food an...Read More
Markets are soaring higher with the fourth-quarter earnings season in full swing. So far, it has been a mixed bag with the tech sector dominating while consumer discretionary space taking a beating. Here are two top TSX stocks that could change their course after their recently released fourth-quarter earnings.CineplexThere seems no respite for Cineplex (TSX:CGX) and its investors. The theatre cha...Read More
When investors think of defensive stocks, it’s clear the types you think of. Those tend to be in energy, the Big Six banks, utilities, and other blue-chip-type companies.Now, I would certainly never say you shouldn’t have those among your portfolio. But when it comes to getting defensive during a volatile market, it’s important to have a diverse range of stock options. These coul...Read More
The mining sector celebrated when Warren Buffett, for the first time, took a position in a gold stock. Berkshire Hathaway bought shares of Barrick Gold in the second quarter of 2020 when COVID-19 was wreaking havoc in the financial markets. However, did the GOAT of investing make the right call?In February 2021, silver is outshining gold. The price of the shiny white metal is surging of late due t...Read More
After years of boom and bust, cannabis stocks are back in a big way.All of my positions are up double digits over the last few weeks. It's been a great start to the year. Just look at this chart from The Cannabis ETF (NYSEARCA :THCX):It's up 68% since the start of the year. This ETF holds large cannabis companies like Canopy Growth, Cronos, and Aphria. I've already made high triple-digit (and quad...Read More
Aluminium billet premiums in the United States, Germany and Spain firmed near two-year highs on Friday February 12 as demand outpaced supply in those regions. Premiums in Asia and South America were steady.US billet premium jumps to March 2019 levelsEuropean premiums climb; third-quarter talks beginBrazilian billet premium steady despite higher dealsPremium flat in Thailand; freight costlyUnited S...Read More
The aluminium primary foundry alloy (PFA) premium in the United States climbed to an 18-month high on Friday February 12, while the premium in Eastern Europe also firmed on tight supply despite thin liquidity.United StatesFastmarkets assessed the aluminium primary foundry alloy silicon 7 ingot/T-bar premium, dlvd dup over P1020A Midwest at 9-11 cents per lb on Friday, up by 8.1% from 8.5-10 cents...Read More
An overview of the new energy materials markets and their price moves from the past week. Read More
An overview of the new energy materials markets and their price moves from the past week. Read More
Chile-based producer Mantos Copper has secured a total of $846.6 million to finance its Mantoverde project in the South American country into production.The finance package includes $275 million in equity from Mitsuibishi Materials, in return for a 30% shareholding in the project, which is scheduled to produce 110,000 tonnes per year of copper from 2023 to 2030.Read More
Copper concentrate treatment and refining charges (TC/RCs) dropped further into Fastmarkets' record lows, with the market pricing spot cargoes at slimmer discounts to London Metal Exchange prices ahead of the Lunar New Year holidays. Fastmarkets' benchmark copper concentrates TC/RC index, cif Asia Pacific settled at $36.20 per tonne / 3.62 cents per lb on Friday February 12, down from $37 per...Read More
Gold equivalent production fell 5% year-on-year but hit guidance at 672,619 ounces, with better than expected output from Newmont's Peñasquito mine in Mexico and Glencore's Antamina in PeruRead More
A summary of aluminium producer Hydro's fourth quarter 2020 results.Summary: Hydro's underlying Earnings before interest and taxes (Ebit) for the fourth quarter of 2020 was 1,449 million Norwegian krone ($170 million) up from 560 million Norwegian krone in the same quarter last year.The company said improved downstream margins and volumes, along with lower upstream raw materials co...Read More
Adam HamiltonArchivesFeb 12, 2020 With demand soaring for high-potential trades, newer speculators and investors shouldn't overlook the gold miners' stocks. For decades contrarians have used this volatile sector's big swings to multiply their capital. Gold-stock uplegs yield massive gains, which are realized near toppings to weather subsequent corrections in cash. Timing entries and exits to ride...Read More
An overview of the new energy materials markets and their price moves from the past week. Read More
An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael...Read More
Global prices on the key scrap markets have rebounded in the working week to Friday February 12 after Turkey returned to the market to book cargoes at higher prices.Turkey returns to market at higher pricesUS market ends two-week dry spellTaiwanese importers look for material on market reboundIndian prices boosted by Turkey's return to market.TurkeyTurkish mills did not return to the deep-sea mark...Read More
The price of shredded steel scrap imported into India and Pakistan moved up in the week to Friday February 12 with sentiment turning positive, sources have told Fastmarkets.IndiaFastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $415.11 per tonne on Friday, up from $408.73 per tonne one week earlier.Several deals were heard for shredded material at the star...Read More