The latest news and price moves to start the Asian day on Thursday January 4.Base metal prices on the London Metal Exchange were mostly lower at the close on Wednesday January 3, with lead and tin the only metals to finish the day in positive territory. Read more in our live futures report.Here are how prices looked at the end of the day on Wednesday.Glencore said it will add 100,000 tonnes o...Read More
After overindulging during the holidays, most folks strive to get their lives back on track in January…This year will be different! No more sweets. No booze. Instead of snacking on the couch and binge-watching my favorite shows, I'll hit the gym three days a week...Of course, there are plenty of companies ready to cash in on your dubious resolutions. Weight Watchers (NYSE:WTW) is hyping the...Read More
Dear Reader,A new, long-term, secular bull market in gold has begun.This new trend will take gold past $1,400 per ounce by the end of 2018, past $4,000 per ounce by 2020 (if not sooner) and ultimately to $10,000 per ounce or higher by the mid-2020s.This bull market actually began on Dec. 17, 2015, when the dollar price of gold sank to $1,051 per ounce. This new bull market was two years old last w...Read More
The most important piece of evidence that the next great bull market in gold has begun is the technical behavior of the prior bear market itself.Over many decades, commodities rallies have exhibited 50% retracements (bear markets) before resuming their long-term upward trends based on the slow, steady devaluation of the fiat currency in which the commodities are priced.Using the $252 price from Au...Read More
Too many people are dying on our roads.The number of deaths annually - nearly 40,000 - means someone dies in a car every 13 minutes.The economic impact related to care and productivity losses amounts to over $80 billion. The National Highway Traffic Safety Administration estimates the overall economic cost of traffic accidents approaches $1 trillion.Despite the daunting figures, the truth is motor...Read More
Welcome to 2018!!It’s a brand new year with a brand new Trump agenda in play.And this time, there’s $1 trillion in government payments up for grabs!You might think that Trump and the Republicans might take a few weeks to catch their breath after passing the highly contested tax cut at the end of 2017.But even before leaving Washington for his Christmas vacation, Trump told reporters to...Read More
Heavy Chinese investment in Indonesian nickel smelting and stainless steel production means that an increasing quantity of nickel ore mined in the country will be consumed internally from 2018 onwards.In spite of higher production in the coming year, Indonesian nickel pig iron (NPI) exports to China will fall in 2018 as around 180,000 tonnes of nickel metal will be consumed domestically on an ...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange had its sixth consecutive up-day, climbing 18.9 points to 889.94 Wednesday. Alan Friedman's Tova Ventures II Inc. (TOVA) has arranged to acquire Enthusiast Gaming Inc. as its qualifying transaction. Enthusiast...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellRan Armon, a Toronto-area man charged in the United States for a fraudulent on-line trading firm, has pleaded not guilty. He entered the plea in a nine-minute appearance before New Jersey Magistrate Judge Cathy Waldor. She permitted Mr. Armon to go fr...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Tuesday was a positive 88-71-119. The TSX Venture Exchange added another 20 points to 867 while polished diamond prices dropped 0.15 per cent. Thin-trading and effectively bankrupt True North Gem...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold gained $14.60 to $1,317.10 on Tuesday. The TSX Venture Exchange rose 20.32 points to 871.04 while the TSX Gold Index added 3.88 points to 199.34. McEwen Mining Inc. (MUX) was strong, adding 23 cents to $3.09 on 981,0...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange climbed 20.35 points to 871.07 Tuesday. Ron Ho's first capital pool shell, the halted Spada Gold Ltd. (SPL), has completed its qualifying transaction, acquiring three gold properties in the Ivory Coast (see She...Read More
The latest news and price moves to start the Asian day on Thursday January 4.Base metal prices on the London Metal Exchange were mostly lower at the close on Wednesday January 3, with lead and tin the only metals to finish the day in positive territory. Read more in our live futures report.Here are how prices looked at the end of the day on Wednesday.Glencore said it will add 100,000 tonnes o...Read More
by: Paul ZimniskyThrough mid-December 2017, rough diamond prices are up 2.7%* year-to-date, while polished prices are down 3.5%**. However, despite shrinking manufacturer margins, the midstream segment of the industry still bought $5.3B worth of diamonds from De Beers this year, including $450M at the final sight which was 7% over the comparable sight last year and 81% over 2015. De Beers' full-...Read More
by: Paul ZimniskyThrough mid-December 2017, rough diamond prices are up 2.7%* year-to-date, while polished prices are down 3.5%**. However, despite shrinking manufacturer margins, the midstream segment of the industry still bought $5.3B worth of diamonds from De Beers this year, including $450M at the final sight which was 7% over the comparable sight last year and 81% over 2015. De Beers' full-...Read More
New NP - the Areva NP subsidiary holding the Areva Group's nuclear reactor operations - has been renamed Framatome following its sale to EDF, Mitsubishi Heavy Industries (MHI) and Assystem. Framatome is the name of a former French reactor vendor from which Areva was originally created.French utility EDF agreed in July 2015 to take a stake of between 51% and 75% in Areva SA's reactor unit in a gove...Read More
Base metals prices on the London Metal Exchange ended mostly higher on Thursday December 4, with only tin bucking the overall upward trend. The three-month nickel price gained more than $200 and copper ended $41.50 higher, albeit below $7,200 per tonne. "We remain positive on copper over the very short-term, expecting the rebound to continue at the start of the year. Our momentum-based indicators...Read More
Copper bulls may have set the metal's prices up for a fall in 2018 after a staggering December rally saw prices reach four-year highs, market analyst told Metal Bulletin. The London Metal Exchange's three-month copper price ended 2017 up 30.8% for the year having peaked at $7,312.5 per tonne on December 28. Concerns that up to 40% of global copper mine supply has the potential to be disrupted thro...Read More
Brazil's primary aluminium exports fell by 35% in 2017, reaching the lowest level on record as the two remaining local producers focused on the domestic market. Shipments totaled 210,201 tonnes in 2017 compared with 323,322 tonnes in 2016, according to figures from the country's foreign trade ministry, MDIC. This is the lowest annual aluminium export volume since 1989, the initial year on the mini...Read More
Concerns over supplies for the year ahead and a strong purchasing appetite from traders and mills continued to provide momentum to noble alloys prices in the first few days of January. Molybdic oxide prices staged the most impressive gains in the (usually quiet) first days of the year, jumping to $10.70-11 per lb, in-warehouse Rotterdam, on Wednesday January 3. Prices were assessed up 10.2% f...Read More