Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort209,577102,79866,156179,735311,607455,468480,561Change from Prior Reporting Period -16,22713,64011,8024,020-25,908-405-466Traders19586905153288191 Small Speculators LongShortOpen Interest 52,28827,195507,756 1,7511,8121,346 non reportable positionsChange from the previous reporti...Read More
(Reuters) - Apple Inc’s stock hit an all-time high on Friday after Warren Buffett’s Berkshire Hathaway Inc disclosed it had bought 75 million more shares of the iPhone maker in the first three months of the year.Buffett’s increased stake, confirmed by a representative of the billionaire investor, pushed Apple’s shares up as much as 3.8 percent to $183.65.It was the stock&rs...Read More
We could be heading for a golden age - or a return to the 1970sBy John Stepek of Money WeekThe cost to the US government of borrowing money for a decade came within sniffing distance of 3% yesterday.The US ten-year Treasury yield is sitting at 2.96% as I write this morning, having got to 2.99% yesterday.Does this really matter? After all, 3% is just another number.On the one hand, you'd be righ...Read More
David Morel, Assistant Geologist at Bonterra's Gladiator Gold Project in the Abitibi Gold Belt of Quebec. Photo courtesy Bonterra Resources Inc.Successful mining stock investors have an old saying: look for the three M's, that is, good Management, a good Mining project and Money or the ability to raise it. Let's see if Bonterra Resources Inc. [BTR-TSXV; BONXF-OTC; 9BR1-FSE] meets those criteria.Th...Read More
An earlier version of this column included an incorrect count on the number of weekly losses. Gold futures have now posted declines for three weeks in a row. Shutterstock Gold futures settled with a modest gain, following mixed trading on Friday, but tallied a loss for a third week in a row as investors showed a lukewarm reaction to the monthly U.S. jobs report. The data came in a bit softer than...Read More
BEIJING/WASHINGTON (Reuters) - The United States has demanded that China cut its U.S. trade surplus by $200 billion, end subsidies for advanced technology industries and sharply cut import tariffs to U.S. levels, two people familiar with U.S.-China trade talks said on Friday.The lengthy list of demands was presented to Beijing prior to the start of talks Thursday and Friday between top-level Trump...Read More
JOHANNESBURG (Reuters) - South Africa’s Independent Regulatory Board for Auditors (IRBA) said on Friday it had appointed a specialised team to review the turnaround strategy of KPMG’s scandal-hit South African arm.The global auditor has been under close scrutiny since 2017 over work done for a company owned by the Gupta family - who have been accused of using their links to former pres...Read More
Location map of the Bankers Cobalt Kabolela cobalt-copper project in the Democratic Republic of Congo. Source: Bankers Cobalt Corp.Bankers Cobalt Corp. [BANC-TSXV; BC2-FSE] said Friday May 4 that it intends to complete a non-brokered private placement of up to 50 million units at 12 cents per unit for aggregate proceeds of u to $6 million. Each until will consist of one common share of the company...Read More
American Manganese (TSXC:AMY) is jumping on the blockchain bandwagon, with the company to pilot technology to track electric vehicle battery metals.Staff reporterThe blockchain technology will trace EV battery metals from mine to use to recycling iStock.com/Rick_Jo04 MAY 201804/05/2018commentsshareIt said in a release Thursday that it would be collaborating with UK blockchain start-up Circulor to...Read More
Ontario is investing in film and television productions to create jobs and grow the northern economy.Glenn Thibeault, MPP for Sudbury, on behalf of Michael Gravelle, Minister of Northern Development and Mines, made the announcement today in Sudbury. Through the Northern Ontario Heritage Fund Corporation (NOHFC), the province is investing in 18 film and television productions, including the second...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
I have squandered my resistanceFor a pocket full of mumbles, such are promisesAll lies and jestsStill a man hears what he wants to hearAnd disregards the rest- Simon and Garfunkel, "The Boxer"The GOP and social justice warriors have something in common: They both have an identity crisis.Is the GOP still the fiscal and social conservative party of small government?Or is classical Republicanism dead...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base metalsKorea Zinc, the world's largest custom zinc smelter by volume, has agreed to annual zinc concentrate supply contracts based on the treatment charges (TCs) set between Teck Resources and European smelters, Metal Bulletin understands.South Africa and New Zealand's non-exemption from the...Read More
Ferrous scrap prices in the major global markets remained firm during the working week from Monday April 30 to Friday May 4, with single exception of the United States.Although Turkish steel producers halted their deep-sea scrap purchases at the end of last week, suppliers have kept their offers strong this week.But the decreases in Turkish import prices seen in previous weeks have only now been r...Read More
May 4, 2018 (Investorideas.com Newswire) The common shares of Pivit Exploration Inc. have been approved for listing on the CSE. Listing and disclosure documents will be available at www.thecse.com on the listing date.The Company is engaged in the business of mineral exploration and the acquisition of mineral property assets in British Columbia. Its objective is to locate and develop economic preci...Read More
Via Sovereignman.comIt was just a month and a half ago that Tesla approved an eye-popping long-term pay package, worth as much as $50 BILLION to founder and CEO Elon Musk.And on Wednesday afternoon, Tesla held its first corporate earnings call since then.You'd think that Elon would have been gracious and professional, anxious to demonstrate that the shareholders' trust in him has been well-placed....Read More
The light iron scrap market in the United Kingdom was steady for a fourth week in the week to Friday May 4, with a steady fall in sterling against the dollar in the past fortnight enough to shore up support for prices, industry sources told Metal Bulletin.Market sentiment suggests a potential increase in export demand for British steel scrap because of moves in the dollar-pound exchange rate, whic...Read More
NEW YORK (Reuters) - Oil prices rose about 2 percent on Friday with U.S. crude hitting its highest in more than three years as global supplies remained tight and the market awaited news from Washington on possible new U.S. sanctions against Iran.The May 12 deadline for announcements on potential new U.S. sanctions on Iran bolstered the market, said Bob Yawger, director at Mizuho.“You have th...Read More
Prices for containerized shredded scrap imports into India went up this week on better levels of demand, market sources told Metal Bulletin on Friday May 4.Metal Bulletin's weekly index for containerized imports of shredded scrap into India was $390.73 per tonne cfr Nhava Sheva on May 4, up by $5.58 week-on-week from $385.15 per tonne cfr Nhava Sheva last week.This week's price rise for containeri...Read More
BRUSSELS (Reuters) - Negotiators from Britain and the European Union agreed a broad structure for further talks on their future relationship after Brexit, dividing economic issues from those on security, the EU said on Friday.“It is a way of moving forward,” an EU official said after three days of talks in Brussels. The list of topics was, however, not a set of formal headings for futu...Read More