By Trevor HunnicuttNEW YORK, Feb 28 (Reuters) - U.S. fund investors are sending a message that things are different after the market tumble, putting more cash into international stocks but showing less tolerance for bonds, Investment Company Institute (ICI) data showed on Wednesday.During the week ended Feb. 21, world stock funds pulled in $7.4 billion while their domestic counterparts posted with...Read More

(Adds stocks, details, updates prices to close)Feb 28 (Reuters) - Canada's main stock index slumped on Wednesday, pulled lower by energy shares that fell alongside the price of oil and as Valeant Pharmaceuticals tumbled after the company gave a weaker-than-expected revenue forecast.* The sell-off on the Toronto market accelerated into the closing bell, following Wall Street lower and making for i...Read More

March 1 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,016-40.9 NZX 50**8,353.090-20.730DJIA**25,029.20-380.83 NIKKEI**22,068.24-321.62Nasdaq**7,273.009-57.345 FTSE**7,231.91 -50.54S&P 500** 2,713.83 -30.45Hang Seng** 30,844.72-423.94SPI 200 Fut 5,962-39.00STI** 3,517.94 -22.45SSEC**3,259.4959 -32.57KOSPI** 2,427.36 -28.78---------------------------------------------...Read More

In the assumption that one of the three recommendations by the DOC (Dept. of Commerce) is adopted and unlike section 201 made permanent, US producer prices (FOB Midwest mill) are unlikely to fall in the short term but the degree of gains could be quite different.In this article we examine "option 3" - a quota regime, which restricts foreign steel to 63% of the 2017 total. In this scenario the pric...Read More

BUENOS AIRES, Feb 28 (Reuters) - Argentina sold 58.3 billion pesos ($2.9 billion) in local law bonds, split between 30 billion pesos in bonds maturing in 2020 and 28.3 billion pesos in bonds maturing in 2023, the finance ministry said in a statement on Wednesday.The government received 68 billion pesos in orders for the 2020 bonds and 29 billion pesos in orders for the 2023 bonds, the ministry sai...Read More

Kim Leppold, Senior Consultant, Metal Bulletin Research.Metal Bulletin Research (MBR) has examined the effects of the potential Section 232 actions on the US OCTG markets based on the recommendations set out by the Department of Commerce in mid-February.The three recommendations are essentially a blanket tariff up to 24% on all steel products imported to the USA from all countries, a blanket quota...Read More

March 1 (Reuters) - Australian shares are expected to extend losses and open lower on Thursday following a decline in energy prices that hit U.S. stocks.The local share price index futures fell 45 points, or 0.8 percent, to 5,956, a 60-point discount to the underlying S&P/ASX 200 index close. The benchmark finished the previous session down 0.7 percent.New Zealand's benchmark S&P/NZX 50 in...Read More

Gold undermined by a higher US dollar index. Powell optimism about higher US inflation may be positive for Gold. Gold is now trading around $1318 in  the New York session, almost unchanged (-0.05%) on a higher USD,  amid concerns of higher US inflation and raising interest rates. After Tuesday’s Powell optimism, the USD drifted lower on early Wednesday Asian sessio...Read More

Markets, including gold, react to latest Fed testimony.Gold ETF (IAU) violates pivotal immediate-term support in the process.My recommended stop-loss in IAU was consequently violated.Gold suffered a setback on Tuesday after financial markets reacted negatively to the Congressional testimony of the new Federal Reserve chief. The gold price didn't violate its Feb. 7 pivotal low discussed in the prev...Read More

   •  Subdued USD demand/risk-off mood lends some support.   •  Firming Fed rate hike expectations should limit strong gains.  Gold extended its consolidative price action through the early European session on Wednesday and remained within striking distance of 2-1/2 week lows.  With investors still digesting the new Fed Chair Jerome Powell's fi...Read More

Powell's hawkish outlook increases pressure on bullion pricesConsumer price growth may boost demand for gold as a hedgePhotographer: Luke MacGregor/BloombergGold tumbled after Federal Reserve Chairman Jerome Powell opened the door to four interest rate hikes this year on the back of a strengthening U.S. economy, another instance of the competing forces that have corralled prices into a $...Read More

Cobalt companies flooded with interest at mining conferenceGold miners vulnerable after large precious-metal funds leftEvolution Chairman Says Gold Giants Must Change to Woo InvestorsGold producers are doing everything they’re supposed to be doing -- squeezing more profit out of mines, penny-pinching on projects and resisting the kind of big deals that got them into trouble when prices fell...Read More

The drop in gold prices has revived interest in put options. Risk reversals turned negative on Feb. 22. The double top-like pattern seen in gold's (XAU/USD) daily chart seems to have revived interest in the bearish bets - put options. The XAU/USD one-month 25 delta risk reversals turned negative on Feb. 22 and hit a low of -0.30 yesterday. As of writing, it is seen at -0.25. The decline from...Read More

Dollar rallies hard after Powell's testimony.Gold is now at clear risk of breking through its February lows.If it does, $1,240 is the next support price - almost $80 an ounce away.The downswing in the gold price (NYSE:GLD) yesterday should definitely put swing traders on alert that lower prices are coming. Gold now is in clear danger of breaking though the lows its printed on the 9th of Februa...Read More

Scotland will soon have its first commercial gold and silver mine after authorities unanimously approved Tuesday Scotgold Resources' (LON: SGZ) application for the development of its Cononish project.The asset produced first gold in August 2016 following the launch of an ore processing trial, but after the approval by the Loch Lomond and the Trossachs National Park Authority, the plan is now to bu...Read More

Metal Bulletin has launched two assessments to track spot and annual refining charges (RC) for blister copper imported to China following a month-long consultation. Blister copper, an intermediate copper product used by smelters for refined copper production, is known as one of the first options for scrap replacement. Import volumes of the increasingly popular blister copper, together with anodes,...Read More

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Wednesday was a weak 67-89-134. The TSX Venture Exchange gained 13 points to 829 while rough diamond prices were flat. Lukas Lundin and Eira Thomas's Lucara Diamond Corp. (LUC) dropped 11 cents t...Read More

Vale is reevaluating its plans for its Vale New Caledonia nickel project due to its improved results and the positive impact of higher cobalt prices, chief executive officer Fabio Schvartsman said on Wednesday February 28."We are waiting to see where things are going to move forward to in order to make a decision in the VNC situation," he told analysts during a conference call. "It is clear that t...Read More

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold fell $0.40 to $1,317.30 on Wednesday. The TSX Venture Exchange rose 13.94 points to 829.12 while the TSX Gold Index dropped 0.42 point to 179.59. Continuing troubles with some militant locals sent Torex Gold Resource...Read More

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange climbed 13.94 points to 829.12 Wednesday. Joe DeVries's new capital pool shell, Anquiro Ventures Ltd. (AQR), resumed trading today, following a $200,000 initial public offering at 10 cents.Anquiro has 2.5 milli...Read More