Import prices for rebar in Singapore were up slightly over the past week on continued spot demand in the market.There continued to be some demand, with major fabricators in the spot market enquiring about spot cargoes."Singapore buyers continue to bid at $540-550 per tonne cfr Singapore. However, they are not expected to budge at anything above this price this week," an industry source in Singapor...Read More
WASHINGTON (Reuters) - President Donald Trump formally nominated Kathleen Kraninger as Director of the U.S. Consumer Financial Protection Bureau on Monday, according to a White House statement.Kraninger will take the reins from Office of Management and Budget Director Mick Mulvaney, who has also acted as the CFPB's interim director since the post became vacant late last year.Reporting by Washingto...Read More
June 18, 2018 (Investorideas.com Newswire) Bob Moriarty of 321 Gold profiles a prospect generator in the Golden Triangle.The Daily Sentiment Indicator tumbled to a value of 9 on Friday Jun 15th. I have said for weeks that we are due a tradable low in the June/July timeframe and it would need to be below 10. So we are in the timeframe and it is below 10. It's just my opinion but I still see too man...Read More
Vancouver, British Columbia - June 18, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Hi Ho Silver Resources Inc. (CSE: HHS) (OTC: HHSRF) (Stuttgart: H9) ("Hi Ho" or the "Company") is pleased to announce that the Company has discovered a major extension to the Canadian Kootenay Clay property and has filed an additional Tenure to extend the property. The new clay deposits were discovered, stake...Read More
June 18, 2018 (Investorideas.com Newswire) Fund manager Adrian Day reviews several senior gold companies, including one he sees as a good buy at current prices.Franco-Nevada Corp. (FNV:TSX; FNV:NYSE, US$70.43)revenue is up, driven largely by its oil & gas royalties, however. Looking ahead, Cobre Panama, Franco's largest ever single investment, will see phased commissioning beginning later this yea...Read More
June 18, 2018 (Investorideas.com Newswire) A BMO Capital Markets report laid out the investment thesis for this Nevada explorer.In a June 8 research note, Andrew Mikitchook relayed that BMO Capital Markets initiated coverage on Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) with an Outperform rating and a CA$3 per share price target "based on a conceptual-stage mine development plan and our ex...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index began last week by sprinting to a brand new, all-time closing high at 1318.82, though it could not quite forge its way through 1320 when it topped out at 1319.43 and drifted down slightly to close at 1314.15. In all, the INK CIN held onto a gain of 6.28 points and has built a g...Read More
ATHENS (Reuters) - With a brief formulation of words, Greek Prime Minister Alexis Tsipras may have boosted his chances of persuading foreign creditors to free his nation from years of financial humiliation on better terms than a few days ago.Tsipras agreed a deal with his Macedonian counterpart at the weekend under which Greece’s neighbor will be renamed “Republic of North Macedonia&rd...Read More
China's Laigang Yongfeng will increase its capacity by 1.87 million tpy with the addition of two continuous casters.The two continuous casters will be installed at its Dezhou facility to add on to a new electric-arc furnace. The new mill will produce 870,000 tpy of different "special bar quality" (SBQ) steel grades, including bearing steel. It wil also produce 1 million tpy of rebar, equipment mak...Read More
BERLIN (Reuters) - German Chancellor Angela Merkel said on Monday that Berlin wanted to support Italy in its efforts to reduce the number of migrants arriving on its shores by possibly handling asylum requests for Europe in non-European countries such as Libya.“Italy is one of the countries that is receiving a lot of refugees as a first arrival country,” Merkel told reporters ahead of...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump said on Monday he would not allow the United States to become a “migrant camp” as his administration faced a barrage of criticism for separating immigrant children from their parents at the U.S.-Mexico border.Democrats and some in Trump’s own Republican Party have blasted the administration for separating nearly 2,000 children fr...Read More
NEW YORK (Reuters) - United Nations Secretary-General Antonio Guterres warned on Monday that refugee and migrant “children must not be traumatized by being separated from their parents” as U.S. President Donald Trump faces heavy pressure to stop such a policy at the U.S.-Mexico border.“Family unity must be preserved,” U.N. spokesman Stephane Dujarric told reporters. “...Read More
MILAN/LONDON (Reuters) - European shares fell for a second day on Monday as worries over a trade war between the United States and China continued to keep investors on the edge, while cable maker Nexans (NEXS.PA) plummeted after a profit warning.The STOXX 600 index fell 0.8 percent following losses in Asia and a weak open on Wall Street after U.S. President Donald Trump cranked up trade tensions b...Read More
Wrong-Way EventLast week we said something that turned out to be prescient: This is not an environment for a Lift Off Event. An unfortunate technical mishap interrupted the latest moon-flight of the gold rocket. Fear not true believers, a few positive tracks were left behind. [PT] The price of gold didn't move much Mon-Thu last week, though the price of silver did seem to be blasting off. Then...Read More
NEW YORK (Reuters) - Square Inc (SQ.N), the payments company founded by Twitter Inc (TWTR.N) CEO Jack Dorsey, has obtained a license to offer New York state residents the ability to buy and sell bitcoin through its Cash App, the company said on Monday.This makes Square the ninth firm to have obtained a so-called “BitLicense” by the New York State Department of Financial Services.To gra...Read More
LONDON (Reuters) - Nearly 70 percent of public sector investors plan to raise their exposure to infrastructure over the next 1-2 years, equating to potentially an extra $130 billion invested, a survey showed on Monday.The survey by the Official Monetary and Financial Institutions Forum (OMFIF) and BNY Mellon polled sovereign wealth funds and public pension funds with combined assets under manageme...Read More
(Reuters) - Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the U.S. internet giant’s efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com.The two companies described the investment announced on Monday as one piece of a broader partnership that will include the promotion of JD.com products on Google’s shopp...Read More
BERLIN (Reuters) - German Chancellor Angela Merkel said an agreement her Christian Democrats reached with Bavaria's Christian Social Union (CSU) on tightening immigration controls gave her the support she needed to seek bilateral agreements ahead of an end-June EU summit.Merkel told a news conference on Monday that an unjustified turning away of people from Germany's borders could unleash a domino...Read More
CloseGain/LossGold $1278.40-$2.10Silver$16.44-$0.15XAU82.38-0.24%HUI177.84-0.02%GDM620.62+0.02%JSE Gold1064.91+16.27USD94.79+0.02Euro116.21+0.12Yen90.57+0.14Oil$65.85+$0.7910-Year2.920%-0.005T-Bond144.5625+0.0625Dow24987.47-0.41%Nasdaq7747.03+0.01%S&P2773.75-0.21% The Metals: Gold waffled between $1282.40 and $1277.10 and ended with a loss of 0.16%. Silver chopped between...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12June 18, 2018"The acquisition of Canada this year, as far as the neighborhood of Quebec, will be a mere matter of marching; & will give us experience for the attack of Halifax the next, & the final expulsion of England from the American continent."- Thomas Jeffe...Read More