NEW YORK (Reuters) - The dollar fell on Friday, undermined by the ongoing trade dispute between China and the United States and a report showing the U.S. economy in March created the fewest jobs in six months.The greenback slid against the safe-haven yen and Swiss franc in the wake of new comments from China.China on Friday warned it would fight back “at any cost,” hours after U.S. Pre...Read More
Something strange has been happening in precious metals lately. Gold has been doing a lot better than silver, even as the paper market internals have increasingly predicted the opposite. The result is a gold/silver ratio that’s near the top of its historic range:In the paper markets (where futures contracts are traded) the imbalance is even more glaring, with gold speculators extremely bulli...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Robust market growth will serve as a tailwind for The Mint Corporation (TSXV:MIT)SmallCapPower | April 6, 2018: Mint makes a Strategic Acquisition in India. On April 5, 2018, The Mint Corporation (TSXV:MIT) announced that it has obtained an option to acquire a 75% ownership interest in vPay, a mobile payment automation platform in India, through an 8% secured convertible promissory note for US$85...Read More
Location map for Callinex's Nash and Superjack projects, New Brunswick. Source: Callinex Mines Inc.Callinex Mines Inc. [CNX-TSXV, CLLXF-OTCQX: CLLXF] on Friday April 6 released the final batch of results from drilling at its 100%-owned Nash Creek Project in New Brunswick.Callinex has a portfolio of projects in the Bathurst Mining District that is led by its Nash Creek Project, which hosts a large,...Read More
(Kitco News)- Gold prices have pushed into positive territory following the release ofweaker-than-expected U.S. employment data.Friday,The Bureau of Labor Statistics said 103,000 jobs were created in March. Thedata was a big miss as economists were expecting to see job gains of 188,000. Alongwith the disappointment in the headline data, employment numbers for January wererevised lower to 176,000 j...Read More
Nemaska Lithium Inc. (TSX:NMX), a lithium junior, climbed after announcing a strategic investment from SoftBank Group Corp.Sean Mason | April 6, 2018 | SmallCapPowerA significant new shareholder gave a financial vote of confidence to a lithium junior Friday. Here's some small stocks making big moves on Friday, April 6, 2018 (as of 4 pm EST):Nemaska Lithium Inc. (TSX:NMX) shares moved 17% highe...Read More
The U.S. stock market has been quite volatile over the past several weeks as investors speculate on the likelihood of a trade war with China and its danger to the American economy.But not all stocks will be hurt by a trade war.In fact, a trade war between China and the U.S. could have positive effects on some American companies.Generally speaking, trade conflict could be beneficial to domestic-foc...Read More
Torex GoldResources Inc. (TSX: TXG) reports that negotiations between community leadershave resulted in an end to blockades of the company’s ELG Mine Complex inMexico. Processing operations have been uninterrupted since a January restart.Mining in the El Limon Pit is expected to resume Friday. “We are more thanpleased that we can now get back to unimpeded operations and value creation...Read More
The UK inter-merchant price range for austenitic alloy steel products narrowed upward by ?10 per tonne this week while the price of nickel fluctuated, sources said on Friday April 6.Metal Bulletin's weekly price assessment for inter-merchant 18/8 scrap solids in the UK was ?940-980 ($1,319-1,375) per tonne delivered on Thursday, compared with ?930-980 per tonne on March 29.The London Metal Exch...Read More
The Canadian oil and gas dividend stocks on our list could provide steady, long-term returns despite oil price fluctuationsSmallCapPower | April 6, 2018: Oil prices have recovered somewhat, with WTI crude having increased 6% over the past month. The Canadian oil and gas dividend stocks on our list have high dividend yields, as well as the reserves and capital to continue operations for an extended...Read More
Steel scrap prices in the major global markets have shown strong declines following the sharp fall in Turkish imported scrap values during the working week from Monday April 2 to Friday April 6.Taiwanese and US scrap prices did remain stable but the pressure on US prices as strengthened over the week.Turkey importsTurkish import scrap prices fell sharply after steel producers managed to get lower...Read More
Trump orders review of further trade tariffs, China RespondsS&P 500 halts three-day rally; gold rises with TreasuriesNational Economic Council Director Larry Kudlow discusses tensions surrounding trade between the U.S. and China.U.S. stocks ended the week with a deep selloff, leaving them lower for the five days as the White House’s latest trade bluster rattled global financial markets.The...Read More
People often tell themselves that they will start their new diet, new exercise regime, or their new life, tomorrow. Either they are too stressed with stuff today, or need one last day to relax before permanently making the change. Then tomorrow comes, and the cycle repeats. What is happening in cases such as these is referred to in philosophy as a conflict of volitions. Harry Frankfurt, a philosop...Read More
WASHINGTON (Reuters) - U.S. Treasury Secretary Steve Mnuchin said on Friday that U.S. officials including himself are in regular communication with China as a tariff dispute escalates between the two countries.“We are willing to negotiate. We are in communication with them regularly,” Mnuchin said in an interview with CNBC. “I am in communications.”“On the one hand, w...Read More
Trading activity in the Indian import scrap market will only pick up again if prices drop by at least $10 per tonne, market sources told Metal Bulletin on Friday April 6.Disappointing domestic finished steel prices and uncertainty over the Section 232 import tariffs on steel in the United States have caused consternation in the Indian scrap markets during recent weeks. Sources said that prices wou...Read More
"We will immediately fight back with a major response," a Ministry of Commerce representative said during a Chinese-language briefing with reporters Friday in Beijing. "We have no other choice." "We feel America is very arrogant. They have taken a wrong action. The result is that they will hurt themselves. If they release the list of $100 billion tariffs, China is prepared. And will not hesitate,...Read More
(Reuters) - The Dow Jones Industrial Average fell more than 450 points and the other main indexes slipped on Friday after U.S. President Donald Trump’s latest tariff threat on Chinese imports revived fears of a trade war between the two countries.Trump on Thursday threatened to slap $100 billion more in tariffs on Chinese imports, while Beijing said it was fully prepared to respond with a &l...Read More
CloseGain/LossOn WeekGold $1333.00+$6.70+0.54%Silver$16.36-$0.03+0.12%XAU81.54+0.09%+0.52%HUI177.59+0.71%+1.24%GDM616.10+0.66%+0.61%JSE Gold1118.06+32.49-0.83%USD90.10-0.38+0.04%Euro122.83+0.45-0.17%Yen93.61+0.51-0.47%Oil$63.54-$1.48-2.16%10-Year2.777%-0.059+1.28%Bond146.03125+1.125-0.26%Dow23932.76-2.34%-0.71%Nasdaq6915.11-2.28%-2.10%S&P2604.47-2.19%-1.38% The Metals: Go...Read More
Comex copper prices once again experienced selling pressure on Friday April 6 morning in the US, with trade talks between China and the US hitting a critical juncture. Copper for May settlement on the Comex division of the New York Mercantile Exchange fell 2.55 cents or 0.8% to $3.0490 per lb. Overnight, US President Donald Trump announced further tariff considerations against Chinese product...Read More