An overview of the battery raw materials markets and their price moves from the past week. Read More
By John MauldinTrade TalksTax TroubleBorder ChecksChicago, Orange County, Raleigh, and LemonadeSince last week's letter, I have flown enough to send me over 100,000 miles on American Airlines this year and make Executive Platinum. That is not necessarily a good thing. But wow, I learned a lot between all those flights.Today's letter will be a little different. First, I want to relate some of the...Read More
CloseGain/LossOn WeekGold $1314.00+$2.60-0.73%Silver$16.50+$0.08-0.12%XAU82.40+0.03%-0.64%HUI181.39+0.04%-0.36%GDM632.56+0.19%-0.25%JSE Gold1115.06-31.19+1.77%USD92.60+0.14+1.19%Euro119.57-0.33-1.41%Yen91.73+0.17-0.02%Oil$69.72+$1.29+2.38%10-Year2.945%-0.001-0.47%Bond143.53125-0.03125+0.24%Dow24262.51+1.39%-0.20%Nasdaq7209.62+1.71%+1.26%S&P2663.42+1.28%-0.24% The Metals: ...Read More
FLR gapped lower after confessing to a surprise quarterly lossU.S. stocks are soaring this afternoon, as Apple's bullish nod from Warren Buffett creates positive buzz. Looking deeper at individual stocks, three that are making huge intraday moves are drug concern Portola Pharmaceuticals Inc (NASDAQ:PTLA), engineering firm Fluor Corporation (NYSE:FLR), and music streaming name Pandora Media Inc...Read More
(Bloomberg Opinion) - I try to avoid giving unsolicited advice to billionaires. They are doing just fine without me. Besides, nobody likes to hear from the cheap seats, especially when they just made a terrible, horrible, reckless investing error that poses unnecessary risk and could cost quite literally billions of dollars.I bring this up after I read the headline "This Billionaire Has Put Half...Read More
Chinese battery-grade lithium carbonate spot prices softened for the third consecutive week after cathode makers shifted their attention to preparing for high power and density production, reducing consumption for the lithium compounds. Battery-grade lithium carbonate spot prices fall Cheaper lithium carbonate from Qinghai province said to be major factor Downstream Chinese cathode mak...Read More
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
Gold was enjoying a solid spring rally until a couple weeks ago, nearing major upside breakouts. But its nice advance has crumbled since, really weighing on sentiment. Gold fell victim to a rare major short squeeze in US Dollar Index futures. The surging USDX motivated gold-futures speculators to flee rather aggressively. But this will likely prove a short-lived anomaly, after which gold...Read More
The June 51 call could be seeing buy-to-open activity todayWith the U.S., Mexico, and Canada slated to resume NAFTA negotiations on Monday, options volume is accelerated on the iShares MSCI Mexico ETF (EWW) today. At last check, roughly 13,400 puts and 8,100 calls are on the tape, nearly three times what's typically seen and volume pacing in the 94th annual percentile. Most active is the June 51...Read More
TORONTO, May 04, 2018 (GLOBE NEWSWIRE) - Seabridge Gold Inc. (TSX:SEA) (NYSE:SA) announced today that it has closed its previously announced non-brokered flow-through financing, including the full amount of the over-allotment option, for aggregate gross proceeds of $19,734,000. A total of 1,150,000 flow-through common shares of the Company, including those pursuant to the exercise of the over-allo...Read More
Sheahan Diamond Literature Reference CompilationThe Sheahan Diamond Literature Reference Compilation is compiled by Patricia Sheahan who publishes on a monthly basis a list of new scientific articles related to diamonds as well as media coverage and corporate announcements called the Sheahan Diamond Literature Service that is distributed as a free pdf to a list of followers. Pat has kindly agreed...Read More
Since early 2016 we have been carrying forward a theme illustrating that until the macro trends in place since 2011 change, the situation would be as is, stocks trending up and the precious metals in consolidation/correction. The current trends were kicked off symbolically, and functionally to a degree, by the Fed’s concoction of Operation Twist, a plan with the expressed goal of manipulatin...Read More
CloseGain/LossOn WeekGold $1314.00+$2.60-0.73%Silver$16.50+$0.08-0.12%XAU82.40+0.03%-0.64%HUI181.39+0.04%-0.36%GDM632.56+0.19%-0.25%JSE Gold1115.06-31.19+1.77%USD92.60+0.14+1.19%Euro119.57-0.33-1.41%Yen91.73+0.17-0.02%Oil$69.72+$1.29+2.38%10-Year2.945%-0.001-0.47%Bond143.53125-0.03125+0.24%Dow24262.51+1.39%-0.20%Nasdaq7209.62+1.71%+1.26%S&P2663.42+1.28%-0.24% The Metals: ...Read More
CHICAGO (Reuters) - Encouraged by a booming demand for construction equipment, Mike Haberman was planning in early February to hire at least 30 more workers for the manufacturing facility of his Gradall Industries in Ohio.That plan now is shelved, Haberman said, because the cost of steel used in Gradall’s telescopic excavators and vacuum trucks shot up by one-third following President Donald...Read More
CloseGain/LossOn WeekGold $1314.00+$2.60-0.73%Silver$16.50+$0.08-0.12%XAU82.40+0.03%-0.64%HUI181.39+0.04%-0.36%GDM632.56+0.19%-0.25%JSE Gold1115.06-31.19+1.77%USD92.60+0.14+1.19%Euro119.57-0.33-1.41%Yen91.73+0.17-0.02%Oil$69.72+$1.29+2.38%10-Year2.945%-0.001-0.47%Bond143.53125-0.03125+0.24%Dow24262.51+1.39%-0.20%Nasdaq7209.62+1.71%+1.26%S&P2663.42+1.28%-0.24% The Metals: ...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
Recently sluggish Hertz stock could get a shot in the arm from next Monday's earningsRental car giant Hertz Global Holdings Inc (NYSE:HTZ) is scheduled to report first-quarter earnings after the market closes this Monday, May 7. Ahead of the event, HTZ stock has been notably quiet; the equity's 60-day historical volatility (HV) of 60% ranks lower than 94% of other such readings from the past year....Read More
The Trump administration announced Friday it is ending special immigration protections for around 57,000 HonduransContinue...Read More
Four miners have died, three remain stuck underground and two are still missing at one of Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) gold mines in South Africa following a quake caused a fall of ground Thursday, trapping a total of 13 workers.Two more quakes were felt Friday near the Masakhane mine, part of the company's Driefontein operations, where three of the workers remained trapped and two u...Read More