01-May-2018 (Reuters) - U.S. construction spending unexpectedly fell in March as a sharp decline in homebuilding led to the biggest drop in investment in private construction projects in more than seven years.The Commerce Department said on Tuesday construction spending tumbled 1.7 percent. February data was revised to show construction spending increasing 1.0 percent instead of the previously rep...Read More
"It's a strong start to the year for China's solar industry, which broke all sorts of records in 2017 by installing a massive..."Editor's Note: We cover the issue of silver's industrial use often, and silver is highly used in the solar industry. Check out some of our recent coverage from last fall on the rise solar panel usage, and for a good explanation of how silver is used in the solar industry...Read More
By Rhiannon Hoyle SYDNEY--Australia's corporate regulator has widened legal action against Rio Tinto Ltd. and two of the company's former executives, pursuing allegations the mining giant was late in writing down a troubled African investment. Rio Tinto has come under scrutiny from officials in the U.S., U.K. and Australia over the handling of coal assets it purchased in Mozambique for about $4...Read More
A heavy accumulation of open interest is found at the May 55 call The technical picture for Burger King owner Restaurant Brands International Inc (NYSE:QSR) has been deteriorating in recent months. The shares briefly popped after earnings last week, but this rare upside move was quickly thwarted by a trendline connecting lower highs since October. In fact, QSR topped out near $58, double the 2016...Read More
As competition in the global steel markets remains fierce, Metal Bulletin provides an update on the new, progressing and closed trade cases from around the world in April 2018.The case list below includes only updates. For other continuing cases this year, see the updates for January, February and March.Click...Read More
The Iran issue after Israel accused Iran of hiding nuclear weapons prevented gold and silver from a big crash. Any increase in Iranian risk will result in crude oil prices galloping to $90 by next month. Gold will also follow the crude oil trajectory as an inflation hedge. The pace of rise of gold will lag crude oil. But I am sure gold will rise. Gold could trade in a $1237-$1430 wider range in...Read More
This article was written for Miles Franklin by Gary Christenson. Part one is available here.The problem with debt is the creditor expects to be repaid.Sovereign debt will be "rolled over," never extinguished, and repaid with new debt. We delude ourselves and pretend total debt will increase forever (it can't). That explains global debt exceeding $230 trillion today and official U.S. government d...Read More
SEOUL (Reuters) - North and South Korea began dismantling loudspeakers that blared propaganda across their heavily fortified border on Tuesday, South Korea’s defense ministry said, fulfilling a promise made at last week’s historic summit.The moves are the first practical, if small, steps toward reconciliation after Friday’s meeting between South Korean President Moon Jae-in and t...Read More
I generally strive to stay away from clickbait idiocy. Apologies offered, but I could not resist this one.Continue...Read More
Supply constraints affecting cobalt, lithium, copper and nickel, key metals for making the batteries that power electric cars, could slow production rates of such power storage units in the near term, Moody's Investors Service has warned."Declining ore grades for copper, continued lack of investment in new mines and the time required to bring new discoveries to production will constrain metal avai...Read More
The latest news and price moves to start the Asian day on Wednesday May 2. Base metals on the London Metal Exchange were split at the close of trading on Tuesday May 1, with copper, zinc and lead ending the day lower due to pressure from a stronger dollar index. Read more in our live futures report.Here are how prices looked at Tuesday's close:Spot zinc concentrate treatment charges...Read More
KeyBanc said it's "buying Roku"Roku Inc (NASDAQ:ROKU) is poised to buck today's bearish bias after KeyBanc started the stock with an "overweight" rating and $42 price target -- a 29% premium to last night's close at $32.54, and territory not charted since late February. The brokerage firm said it recommends "buying ROKU" because it's poised for "long-term creation value as streaming video continue...Read More
The looming 2020 financial crisis is the accumulation of the demographic problem which will manifest itself into a a financial and economic disaster. Continue...Read More
(Kitco News) - Gold pricesare solidly down and dropped to a four-month low in early U.S. trading Tuesday.The recent solid rally in the U.S. dollar index, which hit a nearly four-monthhigh overnight, continues to squelch demand in the precious metals markets.Chart-based selling has also kicked in recently, as the technical postures forgold and silver have deteriorated. June Comex gold futures were...Read More
SHANGHAI, May 2 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index broke 92, driven by upbeat data of the US economy and hovered at 92.4 overnight.Most LME metals fell with the stronger US dollar. LME zinc led the declines with a loss of 1.6%, copper lost 0.87% and hit a monthly low at one point.China’s o...Read More
The company announced positive drilling results - including visible gold - from Union Reefs, where the processing plant is located.Read More
Big-cap earnings have stock futures trading below fair value this morningDow Jones Industrial Average (DJI) futures appear headed for a lower start to the the new month, amid negative earnings reactions for blue-chips Pfizer (PFE) and Merck (MRK). This pre-market downside is muted, however, as Apple (AAPL) stock trades higher ahead of the iPhone parent's quarterly report, due after the close. Al...Read More
Holidays in Turkey and across much of Europe for the traditional May 1 Labor Day meant that there was no change in prices for Turkish imports of deep-sea scrap from European and US suppliers, sources said on Tuesday May 1.Renewed business activity is expected later in the week when traders return to work, they added.Market sentiment is cautious about how much more prices may increase in the near t...Read More
Gold was trading lower early Tuesday towards the bottom of its multi-week range as the dollar tested fresh 2018 highs, Continue...Read More
* Dollar breaks into positive territory for year* Oil just under $75 a barrel amid Iran deal nerves* Cautious cheer from stocks as Trump extends tariffs exemptions* Pound hurt by softer UK data* Apple results in focus after reports of weak iPhone demand* Gold hits 6-week low, emerging markets knocked by strong dollarBy Marc JonesLONDON, May 1 (Reuters) - The dollar broke into positive territory fo...Read More