Christopher Lewis21 hours agoSilver markets pulled back to kick off the day on Wednesday, but it looks as if there are buyers willing to step in to this marketplace and perhaps go long. The $14.45 level above has been short term resistance, so it would make sense that we would attempt to get to that area. Silver markets continue to be very noisy, as there are a lot of moves around the world involv...Read More

JOHANNESBURG, Oct 11 (Reuters) - The South African randfirmed against the dollar on Thursday after the greenback wasjolted by the worst fall in U.S. stocks in nearly eight months. * The rand was 0.71 percent stronger at 14.6750 perdollar at 0650 GMT, having closed in New York at 14.7800. * The rand is expected to trade between 14.6000 and 14.9000to thedollar on Thursday, NKC African Economics wrot...Read More

Canada's Barrick Gold Corp, which recently announced a $6.1 billion deal to acquire Randgold Resources Ltd, affirmed its 2018 gold and copper production forecast on Wednesday, reflecting improvements in operations.Citing preliminary data, Barrick said its 2018 effective tax rate was expected at about 48 to 50 percent, up from a previous forecast of 44 to 46 percent, because of lower-than-expected...Read More

Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More

(Adds more quotes, background)By Francesco Canepa and Jan StrupczewskiNUSA DUA, Indonesia, Oct 11 (Reuters) - There is noimmediate danger of Italy losing market access or beingdowngraded below investment grade because the Italian economyhas underlying strengths, the head of the euro zone bailout fundESM Klaus Regling said on Thursday.In a panel discussion at an event at the InternationalMonetary F...Read More

Here Are 4 Hot Things to Know About Stocks Right Now The Dow lost 832 points for the day, its third worst point decline ever.The S&P 500 saw its worst fall since February., and its lowest close since July 11 as it marked five consecutive losing sessions.The Nasdaq tumbled 4% as chipmakers led the slide.Sears Holdings Corp. (SHLD)  fell 14% following a report it...Read More

Base metals prices on the London Metal Exchange were broadly lower at the close of trading on Wednesday October 10, with three-month lead at multi-year lows.The three-month lead price has come under pressure this week from strong headwinds from a firm US dollar index. The metal, which is trading at its lowest in more than two years, remains largely directionless although China's continued efforts...Read More

Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) reported record production in the third quarter of 2018 of 101,400 gold ounces, and revenues of US$126.3 million, from its ELG Mine Complex in Southwest Mexico.Fred Stanford, President and CEO of Torex stated: "Our teams have worked very well together to achieve a number of common goals in the quarter. Safety performance has been stro...Read More

Pelangio Exploration Inc. (TSX.V: PX; OTC PINK: PGXPF) announced that it has entered into an option agreement to acquire a 100% interest in the mineral rights to all, or a portion of, 24 patented claims, located in Timmins, Ontario, (the "Dalton property") from Rita Kean, the Estate of Jack Kean and the Estate of Glady McLellan (collectively the ("Kean Group")) and 2522962 Ontario Inc. ("5SD Capit...Read More

Comex copper prices were trading at a one-week high on October 10 morning in the US, with the market alleviated by a weaker dollar and focus on LME Week.The copper price for December settlement on the Comex division of the New York Mercantile Exchange inched up 0.20 cents or 0.1% to $2.8085 per lb. During today's intraday trading, the contract touched a high of $2.82 per lb, the highest since Octo...Read More

The reversal of the decision to shut down Hydro's Alunorte refinery means alumina prices will quickly break below the $500 per tonne level, traders said. Hydro's announcement last week that Alunorte would shut down 100% of its operations sparked market panic with the alumina fob Australia index climbing higher and business for Chinese cargo concluded at $600 per tonne. But news over the weekend th...Read More

The reversal of the decision to shut down Hydro's Alunorte refinery means alumina prices will quickly break below the $500 per tonne level, traders said. Hydro's announcement last week that Alunorte would shut down 100% of its operations sparked market panic with the alumina fob Australia index climbing higher and business for Chinese cargo concluded at $600 per tonne. But news over the weekend th...Read More

The Turkish steel producers have extended their silence in the deep-sea scrap markets on Wednesday October 10, with firm offers from the suppliers but only weak demand for the mills' finished and semi-finished long steel products.Scrap suppliers, especially in the United States, kept their offers firm because of good demand in the US and also in the Southeast Asian markets, sources said."There are...Read More

Comex copper prices were trading at a one-week high on October 10 morning in the US, with the market alleviated by a weaker dollar and focus on LME Week.The copper price for December settlement on the Comex division of the New York Mercantile Exchange inched up 0.20 cents or 0.1% to $2.8085 per lb. During today's intraday trading, the contract touched a high of $2.82 per lb, the highest since Octo...Read More

Domestic prices for hot-rolled coil (HRC) in Southern Europe inched down this week due to competitive import offers and slow trading, sources told Fastmarkets on Wednesday October 10.In the meantime, in the north and center of Europe, prices have been stable, with buyers keeping to a "wait-and-see" position until the next price trend becomes clear.Southern EuropeFastmarkets' price assessment for d...Read More

Turkish pipe export prices have weakened slightly so far in October - in line with fallingraw materials costs - even though demand has remained firm and suppliers are looking to fill European quotas, sources said on Wednesday October 10.Steel pipe producers in Turkey were offering EN10219-standard, grade-S235 tube at around $640-650 per tonne fob, with buyers bidding $630 per tonne.Fastmarket MB's...Read More

In the Guye district of Tangshan, a steelmaking hub in northern China, steel mills have been ordered to observe a 50% production cut ahead of the winter heating season to help curb air pollution.The district government released a document on Monday October 8 that said local steel mills should implement the cut between October 11 and November 14 - which is around a month before the winter heating s...Read More

Trade safeguard measures applied by Turkey will have no effect on the country's traditional import volumes, delegates to the Eurometal steel net forum & international steel trade day in Hamburg, Germany, heard on Tuesday October 9.This was because the measures do not apply to imports of steel products acquired for processing and re-export, and also taking into account the sufficient volumes of the...Read More

Import volumes of both flat and long steel products into Brazil fell in September 2018, while local producers tried to impose several price increases for domestic materials.Brazil's imports of flat steel products dropped by 22.98% year-on-year during the month, to 114,196 tonnes, from 148,277 tonnes, according to figures released by the country's foreign trade ministry, MDIC, late last week.Import...Read More

Prices for domestic hollow steel sections in Europe remained unchanged this week but the market has started to show price weakness, market sources told Fastmarkets on Wednesday October 10.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was ?,?650-670 ($746-769) per tonne delivered on October 10, flat week on week.The correspondin...Read More