From a trader's standpoint, there is no worse pattern than the consolidation or congestion pattern. The pattern stands for the greatest time of uncertainty. The bulls get excited and push markets up to a certain point, and bears show up with new money and sell. The markets make a series of double tops and double bottoms and go nowhere. Gold is in that exact pattern. It has been consolidating since...Read More
Time and time again, history has shown us that the places to invest are not in securities that have already experienced a great run. In fact, history has proven that those are the places to avoid.A little walk down memory lane proves this point:1999 technology stocks were booming - but terrible investments.2006 real estate was where the easy money was made - but a terrible investment.2008 oil was...Read More
Capital and Regional's (LON:CAL) Lawrence Hutchings tells Proactive that the 'case for community shopping centres has never been stronger'.He says the company is trying to fit into the more localised shopping offerings as opposed to the large complexes such as Westfield.He adds that the company is working on evolving the classification of UK shopping centres into more nuanced categories to better...Read More
LONDON (Reuters) - Oil prices were broadly steady on Thursday, supported by a pickup in equity markets, but held back by evidence that supply will overtake demand this year.Brent crude futures LCOc1 were last down 13 cents on the day at $64.76 a barrel, while U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 1 cent at $60.97 a barrel.Global oil demand is expected to pick up this year b...Read More
March 15, 2018 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") is pleased to announce additional drill results from its wholly owned Hudson Bay project located in the Cobalt Camp, Ontario.Highlights from 6 drill holesDrill hole HB18-06 intersected 6.70 metres of 625.80 g/t Ag, 0.26% Cu, 0.45% Zn and 0.12% Pb (937.29 g/t AgEq) from 36.00m depthDrill hole HB-18-04 intersected 3...Read More
Colorado School of Mines' first-of-its-kind graduate program in space resources was recently featured in the Denver Business Journal. Applications for Fall 2018 are being accepted through March 31. From the article:A new degree program at the Colorado School of Mines has opened a new frontier in the school's expertise in natural resource extraction.The Golden-based college's has quietly been pilo...Read More
Seeing Machines Limited (LON:SEE) CFO James Palmer tells Proactive revenue surged in the first half of a financial year that's expected to be weighted heavily to the second half.Revenue in the six months to the end of 2017 rose 267% to a record level of A$14.65mln from A$4.00mln the year before.Nick Difiore, who heads up their Automotive division, gives some extra detail around the technology invo...Read More
Alex Flournoy, teaching professor in the Physics Department at Colorado School of Mines, recently discussed the legacy of Stephen Hawking with 9News Denver. The renowned physicist and best-selling author died March 14 at the age of 76.Read More
I-Deal Corp's Luca Tenuta tells Proactive user numbers on the i-Dx communications platform have jumped to 1,600 and it has attracted a whole new group of participants.First Sentinel's PLC's (NEX:FSEN) Rahim Nanji, meanwhile, explains why he using i-Dx to raise funds and find investment opportunities.Merchant bank First Sentinel has seen interest from Swiss investors as well as a number of interest...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close on Thursday March 15, apart from zinc and lead.A stronger dollar and a hesitant market saw copper and nickel both fall significantly, with the three-month copper price closing $68.50 per tonne lower. The red metal is finding it hard to push back and stabilize above $7,000 per tonne and has undone all of Wednesday's gain...Read More
Trials to discover reference prices for London Metal Exchange contracts through the Volume Weighted Average Price (VWAP) of transactions are planned to begin at the end of the year or the start of 2019, the LME's chief executive officer said. The exchange is currently engaged in a member-by-member discussion of how a VWAP would work, a process that Matthew Chamberlain said has seen saw market part...Read More
Iron ore prices edged up on Thursday March 15 amid improved sentiment following the release of data showing a drop in steel inventories in the Chinese market. Metal Bulletin's 62% Fe Iron Ore Index Today: $72.11 per tonne cfr Qingdao Daily change: up by $0.47 per tonne Month-to-date average: $73.95 per tonne Metal Bulletin's 58% Fe Premium Index Today: $57.71...Read More
Kudlow says “I would buy King Dollar and I would sell gold.” Gold is still capped by the 1,360.00 multi-month resistance. The precious metal is trading at above 1,317 down 0.54% on the day as Kudlow jawboned about the US dollar. Larry Kudlow was appointed by Trump as the new White House top economic advisor on Wednesday. In a comment, he said that he would like to see&nbs...Read More
Who will win: bulls or bears? The LBMA published its annual forecast survey for precious metals prices in 2018. Gold prices range from $1,120 to $1,510. Where is the price of the yellow metal headed? Summary of the Survey The views of about 30 analysts in the 2018 forecasts are strongly divergent. The average price of gold is projected to be $1,318, so it is expected to be around the current level...Read More
The yellow metal has made no significant advances during the previous session, as any attempts to move below the 1,322.90 area was restricted by the strong support of the 55-, 100– and 200-hour SMAs. The pair has managed to appreciate during the past few sessions following a test of the 1,315.00 level. A notable climb, however, has not yet followed. Thus, it is likely that the pair fa...Read More
• USD selling pressure seems to have abated. • Fading safe-haven demand fails to lend support. Gold trimmed a major part of its early tepid gains, back closer to yesterday's one-week tops, and has now retreated towards the lower end of its daily trading range. Against the backdrop of yesterday's disappointing US monthly retail sales data...Read More
Investing.com - Gold prices held steady on Thursday, hovering close to one-week highs as the previous session's mixed U.S. data and political turmoil in Washington continued to pressure the dollar and support safe-haven demand.Comex gold futures were little changed at $1,325.9 a troy ounce by 03:00 a.m. ET (07:00 GMT), just off the previous session's one-week peak of $1,330.5.Sentiment on the gree...Read More
GOLD (in USD) Declining further. Gold continues decreasing, heading for the 1320 range. The pair currently trades between hourly support and resistance at 1300 (29/12/2017 low) and 1348 (20/02/2018 high). Expected to show further decrease. In the long-term, the technical structure suggests that there is a growing upside momentum. A break of 1'392 (17/03/2014) is required to confirm it. A...Read More
Gold (XAU/USD) is mildly bid, awaits range breakout. 12-month risk reversals have retraced major chunk of XAU call bias. Gold is mildly bid in Asia at $1,326, courtesy of rising fears of the trade war, but still stuck in a weeklong trading range of $1,330-$1,310. The multiple daily candles with long shadows indicate the metal will likely witness an upside break of the trading range. The technica...Read More
Steel billet import prices and domestic rebar prices in Egypt increased again in the week ended Thursday March 15, with demand being better compared with previous weeks.Metal Bulletin's weekly price assessment for Egyptian billet imports rose to $550-565 per tonne cfr on Thursday from $530-545 per tonne cfr previously.An unconfirmed quantity of...Read More