CHICAGO (Reuters) - Most U.S. farmers understand President Donald Trump’s trade row with China is necessary to get the biggest buyer of U.S. agriculture commodities to change its behavior, Agriculture Secretary Sonny Perdue said on Tuesday.Perdue visited agricultural hub Chicago after commodity prices fell sharply this month on escalated tariff threats from Beijing and Washington.“They...Read More
The hot-rolled (HR) and cold-rolled (CR) steel sheet markets in Russia's central region around Moscow remained weak this week on lower demand than expected during the summer period. The World Cup football tournament, hosted in Russia (June 14-July 15), has had an effect on market activity as well, sources told Metal Bulletin. "Demand was lower than expected even in early June before the World Cup...Read More
Montreal, Quebec - June 26, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to report additional drill results from the western half of the Porphyry Zone within the current Resource Area at the Douay Property. Within this area (see Figure 1) a total of eight (8) infill and step-out holes were...Read More
June 26, 2018 (Investorideas.com Newswire) A Haywood Securities note described this company's recently announced corporate strategy, which includes spinning out its copper assets.In a June 21 research note, analyst Kerry Smith with Haywood Securities reported that Equinox Gold Corp. (EQX:TSX.V) intends to spin out its copper assets, three of which have upside potential, into a new corporation call...Read More
June 26, 2018 (Investorideas.com Newswire) Bob Moriarty of 321 Gold explains why he believes a tradable low is near and discusses one micro-cap gold explorer.Investors are utterly irrational in their buying habits. Imagine for a moment if you will, an investor in a nice gold stock watches his shares drop 25%, does he buy or sell?Well, in my experience, the average investor will sell based on nothi...Read More
June 26, 2018 (Investorideas.com Newswire) Money manager Adrian Day discusses two resource companies in his portfolio that he finds are buys at current levels.Nevsun Resources Ltd. (NSU:TSX; NSU:NYSE.MKT, US$3.31)continues to make progress on advancing the Timok property in Serbia, as well as turning around Bisha in Eritrea. Earlier in the month, Nevsun started construction of the exploration decl...Read More
June 26, 2018 (Investorideas.com Newswire) Precious metals expert Michael Ballanger discusses recent activity in the precious metals markets and what it may signify.My last missive was entitled "Gold's Relative Strength Index indicating a bottom is here," and it was dispatched at noon on Thursday but was written that morning after I had tweeted out the following:Michael Ballanger?EUR? @MiningJunki...Read More
June 26, 2018 (Investorideas.com Newswire) Preparations have begun for a summer field program prior to a prefeasibility study.Fission Uranium Corp. (FCU:TSX; FCUUF:OTCQX; 2FU:FSE) recently announced that the company has begun preparing for a $6.4 million work program at its PLS project in Canada's Athabasca Basin this summer. According to the company, he project is designed to complete all remaini...Read More
June 26, 2018 (Investorideas.com Newswire) The discoveries are located in the area of the world's largest gold rush.Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTC.MKTS) recently announced its first sampling results from two new discoveries, Jerimum North and Jerimum East. In addition, further results of surface rock sampling at the Morro da Lua and Jerimum Cima targets at the Cui?? Cui?? Project, Par?? St...Read More
Flat steel import prices in the United Arab Emirates and Saudi Arabia increased this week with new deals and higher offer prices, sources told Metal Bulletin on Tuesday June 26. Market participants are expecting prices to be stable for some time because demand is weak. Import prices have increased globally since May, when buying was scarce in the Middle East because of the Islamic holy month...Read More
China's domestic hot-rolled coil prices have fallen to their lowest in a month on Tuesday June 26 following successive days of decreases.DomesticEastern China (Shanghai): 4,230-4,240 yuan ($647-649) per tonne, down 30 yuan per tonneNorthern China (Tianjin): 4,120-4,140 yuan per tonne, down 30 yuan per tonneHRC futures declined for a fourth day and ended at a month's low, which continued to put pre...Read More
WASHINGTON (Reuters) - The leaders of two of the world’s largest energy companies said on Tuesday they worry a trade conflict between the United States and other nations could destabilize the global economy.U.S. President Donald Trump has in recent months imposed tariffs on steel, aluminum and other imports, steps that have resulted in retaliatory measures against U.S. crops, motorcycles and...Read More
GFG Alliance is seeking to obtain 5 million tons per year of steel capacity in the United States within the next two to three years, primarily via acquisitions and the restoration of dormant brownfield facilities, executive chairman Sanjeev Gupta said on Tuesday June 26. London-based GFG - parent of industrial conglomerate Liberty House Group, which would directly control the new steel capacity -&...Read More
ANKARA (Reuters) - U.S. President Donald Trump congratulated Turkey's Tayyip Erdogan on Tuesday on his victory in Sunday's presidential election and the two leaders agreed to improve bilateral defense and security ties, Erdogan's office said.Ties between the NATO allies have been strained over a host of issues in recent months, including Washington's support for Kurdish fighters in Syria and defen...Read More
NEW YORK (Reuters) - General Electric Co and U.S. technology shares rose on Tuesday, helping global stock markets regain ground a day after a mounting trade fight between the United States and other top world economies chased investors into safe-haven assets.GE jumped 7.6 percent, the biggest percentage gainer on Wall Street’s S&P 500 index, after the company said it would spin off its h...Read More
No Schedule for the Dollar's DemiseA few weeks ago we said: "This is not an environment for a Lift Off Event" Illustration of different types of lift-off events one may encounter. [PT] Sure enough, last week the price of gold was down $9 and that of silver down 11 cents. And now we are just one week away from the latest magic date put forth by a celebrity gold hawker, for when the dollar is goi...Read More
Severstal, one of two the largest rebar suppliers to Russia's Central region, has cut its offer prices more dramatically than traders expected, Metal Bulletin has learned. Metal Bulletin's domestic prices for Russian 12mm A500C rebar plunged by 1,500 roubles ($24) per tonne on the low end of the range to a new assessment of 37,000-38,500 roubles ($588-612) per tonne cpt Moscow, including VAT,...Read More
* Trade war fears boosts demand for bonds* Treasury to sell $100 bln coupon-bearing supply this weekBy Karen BrettellNEW YORK, June 26 (Reuters) - U.S. Treasury yields held at lower levels on Tuesday as concerns lingered that trade wars could harm economic growth, though safety buying was capped by expectations that the Federal Reserve will continue to raise interest rates.Trade war fears were sto...Read More
LONDON (Reuters) - Bank of America Merrill Lynch (BAML) (BAC.N) is shifting three of its most senior UK-based bankers to Paris, as part of Brexit reorganization plans aimed at ensuring “seamless” service to its European Union clients after Britain quits the bloc in March.In a staff memo seen by Reuters on Tuesday, the bank’s chief operating officer Tom Montag said Sanaz Zaimi, he...Read More
(Reuters) - Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) has hired Lee Enterprises Inc (LEE.N) to manage its newspaper and digital operations in 30 markets, hoping to boost readership and draw more advertisers as print circulation declines.Berkshire said on Tuesday it will continue to own BH Media Group, which consists of 30 daily newspapers, including its hometown Omaha World-Herald in...Read More