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
BEIJING/WASHINGTON (Reuters) - China warned on Friday it was fully prepared to respond with a “fierce counter strike” of fresh trade measures if the United States follows through on President Donald Trump’s threat to slap tariffs on an additional $100 billion in Chinese goods.In light of China’s “unfair retaliation” against earlier U.S. trade actions, Trump uppe...Read More
This article was written for Miles Franklin by Gary Christenson. Neither Miles Franklin nor Christenson run a lemonade stand.Summary: Timmy, a precocious ten-year-old opens a lemonade stand and learns about unbacked currencies."Dad, I'm excited and ready for business. Mom made me sign an IOU when she gave me sugar and frozen lemonade so I have stuff to sell." Timmy looked up at his father and sm...Read More
Valcambi, the Swiss gold refiner, announced today that it is entering into a long-term supply agreement with the Minera Limata Limitada mining co-operative Concession AFC 12 (LIMATA AFC 12), a small-scale mine near Puno, South Peru.Thanks to a collaboration between the refiner and Fairtrade, Valcambi enabled LIMATA AFC 12 to access global markets for the first time. Valcambi, complemented by F...Read More
Local prices for flat steel goods in Brazil were stable for the second week in a row in early April, with new price adjustments expected only in June.Metal Bulletin's monthly price assessment for Brazilian hot-rolled coil (HRC) was steady month on month on Friday April 6, at 2,500-2,600 Reais ($750-780) per tonne ex-works.Over the same period, Metal Bulletin's monthly price assessment for Brazilia...Read More
It's a volatile trading day on Wall StreetTrade war fears have resurfaced, sending the major U.S. benchmarks spiraling into the red for the week. Among individual stocks making big moves today are drugmakers Incyte Corporation (NASDAQ:INCY) and NewLink Genetics Corp (NASDAQ:NLNK), as well as blockchain technology firm Longfin Corp (NASDAQ:LFIN). Here's a quick roundup of what's moving shares of IN...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort234,67768,08852,011162,608351,473449,296471,572Change from Prior Reporting Period -24,35512,410-11,3855,165-32,330-30,575-31,305Traders18068734757261168 Small Speculators LongShortOpen Interest 43,84521,569493,141 -5,974-5,244-36,549 non reportable positionsChange from the previo...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Summary: Timmy, a precocious ten-year-old opens a lemonade stand and learns about unbacked currencies."Dad, I'm excited and ready for business. Mom made me sign an IOU when she gave me sugar and frozen lemonade so I have stuff to sell." Timmy looked up at his father and smiled in anticipation."Great job! This'll be a learning experience. Here comes your first customer." James, his father, wanted t...Read More
Cranbrook, B.C., April 6th, 2018: Eagle Plains Resources Ltd. (TSX-V: "EPL") (the "Company") announces that it has completed a special meeting approving the spin-out of certain Saskatchewan gold assets into a separate company named Taiga Gold Corp ("Taiga"). 99.7% of voters approved the Plan of Arrangement transaction in addition to other business put before the shareholders. Under terms of the...Read More
CBI put options have been very popular in recent weeksChicago Bridge & Iron Company N.V. (NYSE:CBI) stock is trading down 10% at $12.27 amid heavy volume, as questions continue to swirl around the company's planned merger with McDermott International (MDR). Investment firm Hotchkis & Wiley, a large MDR shareholder, recently released a letter stating its opposition to the merger. McDermott responde...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
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
Indian steel mills are likely to increase domestic hot rolled coil (HRC) prices about 750 rupees ($12) per tonne following a surge in commodities' prices in the international market this week, sources told Metal Bulletin.Officials from at least two Indian mills confirmed that the domestic price for HRC in April will be hiked at least Rs750 per tonne. "The mills have not officially sent a revised p...Read More
- JPMorgan Chase CEO Jamie Dimon sees 'chance of market panic'- In annual letter to shareholders Dimon warns of increased inflation and interest rates- Concerned QE unwinding could cause chaos as 'markets will get more volatile'- Hard to look at the last 20 years in America "and not think that it has been getting increasingly worse."- Positive about US economy over next year, but ignores record...Read More
Full Article: MICKEY FULP | Trade Wars, Metals, and YouBy: Proven and ProbableMaurice Jackson:Welcome to "Proven & Probable", where we focus on metals, mining and more. I'm your host, Maurice Jackson. Joining us for a conversation is Mickey Fulp, the Mercenary Geologist, to discuss trade wars and how you may benefit. Mr. Fulp, welcome to the show, sir.Mickey Fulp: Thanks a lot, Maurice. Alway...Read More
We began months ago, noting the 3 Amigos destined for their goals. Here's a post from November 2017 explaining the macro fundamentals involved:Updating the 3 Amigos of the MacroAmigo #1 (SPX vs. Gold): Either reach major theoretical resistance (it's a ratio, after all) or abort mission by establishing a downtrend.Amigo #2 (10yr yield to 2.9% and 30yr yield to 3.3%): Destinations reached!Amigo #3 (...Read More
The shares are flirting with record highs, yet options remain attractiveBeverage concern SodaStream International Ltd (NASDAQ:SODA) appeared on Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks that are currently trading near a 52-week high, but also sport a low Schaeffer's Volatility Index (SVI). This combination of stellar price action and relatively inexpensive short-term o...Read More
Real estate tends to ride an emotional rollercoaster, as anyone who made it through the 2000s can attest. But in some ways the current market is even stranger than those of past cycles. Consider: Home buying market so brutal, some home buyers make offer sight unseen(CNBC) - This spring home-buying season should be a coming-out party for Millennials, many of whom are finally ready to make a purch...Read More