Crumbling mine tunnels awash with polluted waters perforate the Colorado mountains, and scientists may one day send robots creeping through the pitch-black passages to study the mysterious currents that sometimes burst to the surface with devastating effects. One such disaster happened at...Read full newsRead More
The leader in online travel agencies should just keep getting bigger.Read full newsRead More
Strong growth catalysts could drive Coeur Mining stock higher this year.Read full newsRead More
When Advanced Micro Devices Inc. reports earnings, investors will look at the results for clues about how cryptocurrency mining is figuring into sales and the forecast for indications about the effects of chip-design flaws.Read full newsRead More
SHANGHAI, Feb 1 (SMM) - Copper: The US dollar is unlikely to fall further in the short term as the Federal Reserve Board implied an interest rate increase in March. Physical market stayed weak as buyers were cautious ahead of Chinese New Year. We expect SHFE copper to trade at 52,500-53,000 yuan/mt today with spot discounts at 140-90 yuan/mt.Aluminium: We see SHFE aluminium trade lower at 14,...Read More
SHANGHAI, Feb 1 (SMM) - Copper: The US dollar is unlikely to fall further in the short term as the Federal Reserve Board implied an interest rate increase in March. Physical market stayed weak as buyers were cautious ahead of Chinese New Year. We expect SHFE copper to trade at 52,500-53,000 yuan/mt today with spot discounts at 140-90 yuan/mt.Aluminium: We see SHFE aluminium trade lower at 14,...Read More
SHANGHAI, Feb 1 (SMM) - Copper: The US dollar is unlikely to fall further in the short term as the Federal Reserve Board implied an interest rate increase in March. Physical market stayed weak as buyers were cautious ahead of Chinese New Year. We expect SHFE copper to trade at 52,500-53,000 yuan/mt today with spot discounts at 140-90 yuan/mt.Aluminium: We see SHFE aluminium trade lower at 14,...Read More
When Advanced Micro Devices Inc. reports earnings, investors will look at the results for clues about how cryptocurrency mining is figuring into sales and the forecast for indications about the effects of chip-design flaws.Read full newsRead More
The bond bubble will be the critical one, Greenspan saysNotes that the U.S. is working toward higher interest ratesThe man who made the term “irrational exuberance” famous says investors are at it again.“There are two bubbles: We have a stock market bubble, and we have a bond market bubble,” Alan Greenspan, 91, said Wednesday on Bloomberg Television with Tom Keene and S...Read More
It raises size of 3-, 10- and 30-year debt sales next weekTreasury also plans to lift all other tenors sold over quarterHarvard Professor Martin Feldstein says the projected deficits are "terrible."President Donald Trump’s administration will increase the amount of long-term debt it sells to $66 billion this quarter, marking the first boost in borrowing since 2009 as the Treasury seeks to c...Read More
The gold price has moved ahead this year, despite rising US interest rates and a persistent bull market in equities. Looking ahead, there are several reasons to believe that gold could maintain upward trajectory, as John Reade, Chief Market Strategist at the World Gold Council, explains.Investor attention may have been focused on US equity markets, technology stocks and crypto currencies this year...Read More
Gold is projected to reach $1,460 or potentially more, silver about $20 and platinum at about $1,150 by the end of the year, according to an informal survey conducted between January 16-24, 2018 of some of the country's leading precious metals retail dealers, according to the nonprofit Professional Numismatists Guild (www.PNGdealers.org).Members of the Guild's Accredited Precious Metals Dealer pro...Read More
At the Vancouver Resource Investment Conference, the Investing News Network interviewed Jeffrey Christian, managing director of CPM Group, to talk about what's ahead for 2018 and beyond. Christian expects a modest increase for gold in 2018, with growth relatively flat in the first half of the year. He expects the price to somewhat accelerate in the second half of 2018 and into 2019. Christian is s...Read More
Adds 'further' for emphasis in outlook for gradual hikesInflation 'is expected to move up this year,' FOMC saysThe Fed keeps borrowing rates unchanged. Bloomberg's Chris Condon reports.Federal Reserve officials, meeting for the last time under Chair Janet Yellen, left borrowing costs unchanged while adding emphasis to their plan for more hikes, setting the stage for an increase in March under her...Read More
Stocks rose on Wednesday, Jan. 31, after a robust outlook from Boeing Co. (BA) but then began to fall as Wall Street digested an announcement on interest rates from the Federal Reserve. But Wall Street rebounded and stocks finished the day higher. The U.S. central bank decided not to raise interest rates at its meeting Wednesday. But economists do expect the central bank to lift rates whe...Read More
Valor Resources (ASX:VAL), which purchased the Peruvian Berenguela project from SSR Mining (SSRM, SSRM.TO), has now released a JORC-compliant resource estimate (keep in mind the project was subject to the NI43-rules when SSR Mining owned it). This updated resource estimate shows an 80% increase in the total resources whilst the total amount of contained copper increased by 37% to 772 million pound...Read More
Late recovery lifts S&P 500 to best start of year since 1997Gold, crude oil settle higher for first time in three daysTroy Gayeski, senior portfolio manager at Skybridge Capital, on the outlook for the dollar and impact from the Fed.Treasury yields touched almost four-year highs and U.S. stocks managed to hold onto late gains after Federal Reserve officials set the stage for an rate increase in Ma...Read More
Wall Street futures surged higher Wednesday after stronger-than-expected earnings and a robust outlook from Boeing Co. (BA) as investors looked to a return to equity markets following the biggest two-day declines in more than two years. Early indications from Wall Street futures suggest a modest rebound for markets in the United States following yesterday's slump, which hived more...Read More
SHANGHAI, Feb 1 (SMM) - Copper: The US dollar is unlikely to fall further in the short term as the Federal Reserve Board implied an interest rate increase in March. Physical market stayed weak as buyers were cautious ahead of Chinese New Year. We expect SHFE copper to trade at 52,500-53,000 yuan/mt today with spot discounts at 140-90 yuan/mt.Aluminium: We see SHFE aluminium trade lower at 14,...Read More
The latest news and price moves to start the Asian day on Thursday February 1.Base metals prices on the London Metal Exchange closed in positive territory almost across the board on Wednesday January 31, supported by weakness in the US dollar. Read more in our live futures report.Here are how LME prices looked at Wednesday's close:There is good reason to be positive about base metals' perform...Read More