The price of billet produced in Turkey has gone down over the past week in line with falling seaborne scrap costs, while import billet prices remain stable, sources said on Thursday September 26.Fastmarkets' weekly price assessment for steel billet export, fob main port Turkey was $355-360 per tonne on Thursday, down from $370-380 per tonne fob last week.A steel mill in the Iskenderun region was h...Read More
Taiyuan Iron & Steel (Tisco) has raised its ferro-chrome tender price for October above that of Tsingshan Group in a rare move, signaling differing procurement strategies and feedstock needs for the remainder of 2019. Tisco took the lead on Friday September 20 by announcing a monthly tender price for high-carbon ferro-chrome at 6,500 yuan ($911) per tonne on a duty-paid basis including delivery fo...Read More
Investors often ask"why do gold stocks often move at a much higher rate on a percentage basisthan the price of gold itself. The fact is that Gold stocks can giveinvestors much greater upside "leverage" over the price of gold bullion.For example, if the price of Gold moves from $1200 to $1400,the return is approximately 16%..Not bad! But with the same $200 increase ingold a $4 gold stock can rise t...Read More
In this interview with Maurice Jackson of Proven and Probable, Aben Resources' CEO explores the ramifications of recent analytical results from the company's flagship project. Aben's Forrest Kerr Gold ProjectMaurice Jackson: Joining us for a conversation is James Pettit, the president, CEO and director of Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB). Before we delve into today's interview, Mr. Pe...Read More
At its latest-stage asset, the firm continues to advance the recognized potential for development of bulk-tonnage, polymetallic deposits. Stillwater West PGE-Ni-Cu Project - 2019 DrillingGroup Ten Metals Inc. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE) announced in a news release the latest exploration news regarding three of its projects.As for Stillwater West, its platinum group elements-nickel-copper (...Read More
The synergies, potential and realized, that resulted from combining these two companies' Nevada assets are discussed in a BMO Capital Markets report. In a Sept. 23 research note, BMO Capital Markets analyst Andrew Kaip reported his impressions from 2.5 days spent with the management of both Nevada Gold Mines and Barrick Gold Corp. (ABX:TSX; GOLD:NYSE) "reviewing integration efforts at the Nevada...Read More
China's domestic stainless steel prices rose late last week on costlier nickel, and maintained those gains over the first three days of this week.The start of trading of stainless steel futures on the Shanghai Futures Exchange on Wednesday September 25 had little effect on the spot market. Fastmarkets' weekly price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs Chin...Read More
The Dow was down more than 160 points at its session lowsAfter trading down over 160 points at its session lows, the Dow staged a late-day rebound -- and briefly explored positive territory -- before ultimately ending lower. Stocks pared their losses in the eleventh hour, thanks to positive trade comments from Chinese foreign minister Wang Yi, who said the U.S. has shown goodwill by waiving tariff...Read More
AbbVie stock seemed ready to make a fast, aggressive moveSubscribers to Schaeffer's Volatility Series -- an options subscription service that includes our popular Volatility Trader and Weekly Volatility Trader into one package -- just scored a major profit on the AbbVie Inc (NYSE:ABBV) September 67.50-strike put and call straddle. Below, we'll explain why we entered a straddle for ABBV shares, an...Read More
Rite Aid and Conagra stocks are both higher after profit beats Stocks have turned lower today as investors fret over impeachment drama out of Washington, D.C. Three stocks in particular making moves today are pharmacy name Rite Aid Corporation (NYSE:RAD), food producer Conagra Brands Inc (NYSE:CAG), and online travel site Ctrip.Com International Ltd (NASDAQ:CTRP). Below, we'll dig into what's movi...Read More
Rumors are swirling the U.S. may not extend Huawei waiversChip stocks are trading lower today after a Bloomberg News report indicated the Trump administration may not extend waivers to U.S. tech companies supplying Chinese telecom giant Huawei. As a result, Skyworks Solutions Inc (NASDAQ:SWKS) stock, which also saw its price target cut to $74 at $78 at Susquehanna, is down 1.2% at $80.02.Against t...Read More
Short sellers have started covering on both mining stocksU.S.-China trade tensions and geopolitical uncertainty has been a boon for gold prices in recent months, and mining shares have benefited from this increased appetite for the safe-haven asset. Two gold stocks in particular that caught our attention are Barrick Gold Corp (NYSE:GOLD) and Eldorado Gold Corp (NYSE:EGO), both of which have been t...Read More
LONDON, 20 September 2019 - BullionVault is named today as an easy way to invest in physical gold by The Week, the UK's 3rd most popular current affairs magazine.Quoting and adding to news, tips and opinion from both The Times and Financial Times' money sections, BullionVault "takes some of the hassle away" for gold investors, The Week says.Subscribers and anyone buying today's edition will find...Read More
BYND calls have ramped up in volume this morningThe shares of Beyond Meat Inc (NASDAQ:BYND) are in focus this morning, after news that McDonald's (MCD) will test a new plant-based burger in Canada using Beyond Meat patties. The 12-week test will feature the plant-based burgerin 28 restaurants in Ontario. In response to the link-up with the golden arches, BYND options traders are coming out in dro...Read More
LONDON, 14 September 2019 - Two UK customers of BullionVault are interviewed and quoted today by the Wall Street Journal - the US financial markets' newspaper of record - in an article about how Brexit is affecting UK demand for investment gold.One customer "bought gold for the first time over the summer because he 'felt there was such volatility with Brexit and China versus America' and sees gold...Read More
Bloomberg News indicated the U.S. may not extend Huawei waiversThe Dow Jones Industrial Average (DJI) and its index peers have turned lower today, weighed down by weakness in the tech and energy sectors. Semiconductor stocks in particular are struggling, after Bloomberg News reported the White House may not extend waivers to Chinese tech giant Huawei's U.S. suppliers, while another down day for oi...Read More
The pharma stocks have put up huge losses this yearThis morning we're looking at Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN), Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL), and Marinus Pharmaceuticals Inc (NASDAQ:MRNS). All three pharma stocks have had a difficult time on the charts, but today the shares are trying to rebound. Let's dig in to the shares of ALXN, RIGL, and MRNS.For ALXN, William Blair...Read More
LONDON, 14 September 2019 - BullionVault is named as a simple way to invest in physical gold by FT Money, the award-winning personal finance section of the Financial Times' weekend edition.Looks at the pros and cons of holding gold alongside other investment assets, FT Money gives 4 ways to get involved. Looking at physical gold, it names only BullionVault among possible providers.Read the full s...Read More
Next week will also feature motor vehicle sales and manufacturing dataWith September wrapping up, there's a lot to unpack as a new month unfolds. The main highlight will be the September nonfarm payrolls report, as traders look for more information on the state of the economy. Five regional Fed presidents will take the mic throughout the week, plus Fed Governor Michelle Bowman. It's relatively qui...Read More
LONDON, 14 September 2019 - BullionVault features in today's edition of the Daily Mail, the UK's best-selling mid-market newspaper, reporting on how and why to buy gold."People often buy gold because they want something that's not subject to the risk of inflation or going bust," the paper quotes BullionVault director of research Adrian Ash.Alongside tips and opinions from UK wealth managers in the...Read More