"The silver price has perhaps disappointed many investors of late...however not all is at it seems." Here's the details...by Mark O'Byrne via SilverSeek Bloomberg's Mike McGlone silver "set to test the $18 an ounce resistance level"- LBMA report: volume of silver ounces transferred in February fell by 24%- Standard Chartered: gold-silver ratio and supply/demand fundamentals favour silver- Gold/s...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
China vowed to 'hit back forcefully' against additional U.S. tariffsU.S. stocks continue to fall due to growing fears of a trade war with China, sinking the Dow Jones Industrial Average (DJI) more than 350 points. Not only did President Trump propose an additional $100 billion in tariffs on Chinese imports, but Beijing has already promised to "hit back forcefully." This news has Caterpillar (CAT)...Read More
Continue...Axel Merk is the Founder, President, Portfolio Manager, and CIO at Merk Investments LLC. He is an expert on qualitative research and macroeconomic trends. Mr. Merk is also an expert on macro trends, hard money, international investing, and on building sustainable wealth, and he is a pioneer in the use of strategic currency investing to seek diversification. He is a speaker and author on...Read More
Domestic prices for rebar in Poland have been stable this week, but market activity has started to improve slowly, sources told Metal Bulletin."Demand is improving because the construction sector wants more material since the weather improved," a Polish trader said...Read More
Do you know how much a trillion is (we refer here to the short scale)? A billion is hard enough to imagine, much less a trillion. But let's try. We can write it as 1,000,000,000,000 - that's a 1 with twelve zeroes. In other words it's million million, or ten to the twelfth (1012). One trillion of dollars in $100 dollar bills would stack up to about 631 miles high. Given that the average annual i...Read More
NEW YORK (LPC) - The high stakes trade confrontation between the U.S. and China is boosting the secondary loan prices of steel manufacturers and metals companies, but components manufacturers are potentially vulnerable to Chinese retaliation.President Donald Trump’s proposed tariffs on Chinese goods are fuelling talks of a trade war that could crush global growth, and increasing political un...Read More
Just a few months ago, news impacting gold and other metals was very different from today as at that time we were dealing with the impact of tax reform, the US budget and a major increase in military spending talk of infrastructure spending. We're no longer dealing with: ? War with North Korea (NK), being a daily topic. In fact, plans are underway for a meeting between Kim...Read More
The blockchain stock has given back 44% in 2018After adding an astounding 265% in 2017, Overstock.com Inc (NASDAQ:OSTK) raced to a record high of $89.80 on Jan. 8, but promptly capsized. At last check, the stock is up 0.9% to trade at $35.85, after the company announced Gregory Iverson as its new chief financial officer. If history is any guide, though, it could be time to bet on the blockchain s...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
Dear Friend of GATA and Gold:Allan Flynn, who runs the "Comex, We Have a Problem" blog, this week posted a fascinating review of the traders who are the major targets of the recent investigation by the U.S. Justice Department and Commodity Futures Trading Commission of "spoofing" in the monetary metals futures markets.Two details that may be of special interest:1) The traders seemed to find "spo...Read More
(Reuters) - Wall Street was set to open lower on Friday, weighed down by fears of an escalating trade conflict between the United States and China, but a lower-than-expected March jobs data eased some concerns over aggressive interest rates hikes.Global stock markets edged downward after President Donald Trump threatened to slap an additional $100 billion in tariffs on Chinese goods and Beijing wa...Read More
GTA Resources and Mining Inc. (TSXV:GTA) is picking up where it left off – after an 823 g/t interceptAngela Harmantas | April 2, 2018 | SmallCapPower: When the results came in from its 2017 drilling program at Big Duck Lake last December, the management team at GTA Resources and Mining Inc. (TSXV:GTA) noticed there was one over-limit sample from Hole BD17-01 with over >10 g/t gold that h...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 Continue...Read More
Appetite for copper-mining assets is picking up after prices climbed in 2017 to the highest level in seven years, amid disruptions that worsened a shortfall in supply. The metal rally, however, has weakened since prices climbed to a three-year high in late December, and prices could become volatile unless the industry solves what Colin Hamilton, director of commodities research at BMO Capital Mar...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
Northrop Grumman and Raytheon received lofty price-target hikesDespite the recent market turbulence, including this morning's tariff-induced drop, defense stocks Northrop Grumman Corporation (NYSE:NOC) and Raytheon Company (NYSE:RTN) have held up well -- especially compared to sector peer Boeing Co (NYSE:BA). Brokerage firm RBC is betting on even more upside for NOC and RTN stocks, too, raising it...Read More
The Canadian stocks on our list have generated superior month-over-month returns as well as a surge in trading volumeSmallCapPower | March 29, 2018: TSX-listed stocks have slightly outperformed their U.S. counterparts over the past month, with the TSX declining 2% M/M, while the Dow Jones decreased 4% over the same period. The Canadian stocks on our list today have seen a sharp increase in investo...Read More
President Trump, desiring to protect U.S. farmers from China's tariffs, may end up putting his country against many more nations in a Continue...Read More