Some of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (up 80.56 points to 16,452.34, a record high)Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up 14 cents, or 2.73 per cent, to $5.26 on 6.2 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Down nine cents, or 0.97 per cent, to $9.16 on 4.9 million shares.Cenovus Energy Inc....Read More

Years of low oil prices have been great for the consumer. The average price of gasoline has dropped some 30% since 2014.Some thought the era of high oil prices was over and even began buying gas-guzzling trucks and SUVs again. It was party time.But low oil prices have resulted in a sharp decline of capital expenditure from exploration and production companies.And as a result, the price of oil coul...Read More

Higher offer prices from Russian producers have been heard in the export market for hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States.The market was not ready to accept these higher prices, however, due to lower prices in key outlet regions and falling prices for HRC exported from China, sources told Metal Bulletin on Monday July 9.As a result, Metal Bull...Read More

China's export prices for hot-rolled coil continued to drop on Monday July 9 with Chinese mills shifting their focus overseas following the yuan's recent depreciation, though the domestic market recovered some losses during the day.DomesticEastern China (Shanghai): 4,200-4,220 yuan ($632-635) per tonne, up 10-20 yuan per tonneNorthern China (Tianjin): 4,090-4,120 yuan per tonne, up 10-20 yuan per...Read More

July 9, 2018 (Investorideas.com Newswire) Sector expert Michael Ballanger discusses breakdowns in base metals markets and his current views on the status of cryptocurrencies. Since I covered gold and silver on Wednesday, I am switching to the base metals because they represent a dollar flow infinitely larger than the precious metals, and are therefore far more difficult to "manage" in terms of pri...Read More

July 9, 2018 (Investorideas.com Newswire) Auger drill results better define target trends and support that notion.Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTC.MKTS) announced that ongoing auger drilling and pitting on the Central/Pau de Merenda target of the Cuiu Cuiu project in Brazil initially showed "highly anomalous results in both gold counts and geochemical analyses," according to the news release...Read More

July 9, 2018 (Investorideas.com Newswire) Rick Rule, CEO of Sprott U.S. Holdings, speaks with Maurice Jackson of Proven and Probable about investing in precious and base metals, energy, agriculture and water.Maurice Jackson: Today, we will have a discussion regarding the value propositions you may be overlooking for your natural resource portfolio. Joining us for our conversation is legendary Rick...Read More

July 9, 2018 (Investorideas.com Newswire) Proceeds will fund exploration drilling at U.S. sites.Allegiant Gold Ltd. (AUAU:TSX.V; AUXXF:OTCQX) recently announced the arrangement of a non-brokered private placement to raise CA$4,415,605. The placement will consist of 12,616,014 shares of Allegiant at a price of CA$0.35 per common share.In addition, Goldcorp Inc. is making a strategic investment in A...Read More

As competition in the global steel markets remains fierce, Metal Bulletin provides an update on the new, progressing and closed trade cases from around the world in June 2018.The case list below includes only updates. For other continuing cases this year, see the updates for January, February, March, April...Read More

Turkey's output of steel end-products increased by 10.50% year-on-year in January-May 2018, while consumption increased by 15.20%, according to data recently published by the Turkish Steel Producers' Assn (T???oeD).Turkish steel end-product output reached 17.40 million tonnes in the first five months of 2018, while consumption was 15.40 million tonnes.The country produced 10.70 million tonnes of l...Read More

The latest metal markets news and price moves to start the North American day on Monday July 9. Base metals on the London Metal Exchange were mostly higher during morning trading on Monday July 9, rebounding against positive US data last week and a broad recovery in global equity markets.Climbing 1.6%, copper's three-month price made the largest recovery after closing at its lowest point...Read More

Singapore rebar import prices dropped over the past week on weaker demand from end users.Buyers were staying on the sidelines, with many citing falling domestic and export prices as the key reasons for holding back."Given the falling prices in China, it would not be an ideal time for a buyer to secure any cargoes now," a major fabricator in Singapore said.Negotiation levels have dipped, with buyer...Read More

Technical Divergence Successfully MaintainedIn an update on gold and gold stocks in mid June, we pointed out that a number of interesting divergences had emerged which traditionally represent a heads-up indicating a trend change is close (see: Divergences Emerge for the details). We did so after a big down day in the gold price, which actually helped set up the bullish divergence; this may have fe...Read More

Turkish deep-sea scrap import prices went down slightly on Monday July 9 with the news of a Baltic Sea cargo being sold last week.A steel mill in the Iskenderun region booked a Baltic Sea cargo comprising 12,000 tonnes of HMS 1&2 (95:5) at $360 per tonne cfr on Wednesday July 4.After the news of this deal was heard, the daily scrap indices slipped on...Read More

 CloseGain/LossGold $1258.20+$3.10Silver$16.11+$0.08XAU83.28-0.56%HUI178.82-0.22%GDM629.59-0.50%JSE Gold1076.07-6.63USD94.10+0.09Euro117.47-0.03Yen90.26-0.29Oil$73.85+$0.0510-Year2.861%+0.037T-Bond145.15625-0.50Dow24776.59+1.31%Nasdaq7756.20+0.88%S&P2784.17+0.88% The Metals: Gold gained $10.80 to $1265.90 in London before it drifted back lower in New York, but it still ended wit...Read More

Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort210,483132,15659,665172,917266,067443,065457,888Change from Prior Reporting Period 15,36513,7108,2311,316-49724,91221,444Traders18195964952273206 Small Speculators (C) GoldSeek.com LongShortOpen Interest 51,09936,276494,164 6794,14725,591 non reportable positionsChange from th...Read More

The 2018 Sound Money Index is the first index of its kind, ranking all 50 states using 9 indicators to determine which states offer the most pro-sound money environment in the countryCharlotte, NC (July 9th, 2018) -Utah, Texas, and Wyoming round out the top three most sound money-friendly states in the United States, according to the 2018 Sound Money Index, released today by the Sound Money Defe...Read More

By Daniel R. Amerman, CFAWould you have appreciated a single number that could have given you a clear and unmistakable warning before the tech stock bubble collapsed? How about an unequivocal mathematical warning in 2006 that major financial trouble was on the way, well before the problems of 2007 and 2008?These warnings did exist and they can be seen in the gold areas of the graph above. They a...Read More

By Frank HolmesStrengths? The best performing metal this week was gold, up 0.14 percent. St Barbara produced a record-breaking 403,089 ounces, up 6 percent from the 2017 fiscal year, according to Bloomberg. This is the first time the company has exceeded 400,000 ounces in a year. Mining in higher grade zones of the South West Brank resulted in an average grade of 13.2 grams per t...Read More

By Avi GilburtIf you read most of the analysis being published over the last two days, you would almost assume that the S&P500 should be crashing or be in a bear market. Yet, we are only 4% off the all-time highs struck early this year in the S&P, whereas the Nasdaq and Russell have made new higher highs this summer.In fact, if you had read the analysis put out over the last two days when furthe...Read More