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
The gods' sense of humor is vastly underappreciated…For the past year President Trump has shimmied and crooned about the roaring stock market.He has made America Great Again... and the stock market has made America Rich Again.Sample quote, dated Jan. 5, 2018:Dow goes from 18,589 on November 9, 2016, to 25,075 today, for a new all-time Record. Jumped 1000 points in last 5 weeks, Record fastes...Read More
Publicly traded marijuana companies continue to ride a wave of optimism. Before the decade is out, pot could be on its way to being legal in many more states.When that happens, the tiny pioneers of this market could balloon into industry giants - vastly rewarding anyone who was brave enough to invest at the start of the wave.But you don't have to wait for more state governments to get their acts t...Read More
Will Fleckenstein, director of strategic relationships and enterprises for the College of Earth Resource Sciences and Engineering at Colorado School of Mines, was recently interviewed by Denver7 about oil and gas production in the Denver-Julesberg Basin. Read More
The S&P 500 just suffered its worst trading day since August.The record run of low volatility we've enjoyed has official warped our minds. Even the smallest moves lower feel like a big deal. The S&P lost just 31 points on Tuesday - a measly 1% drop.Yes, you read that correctly: The S&P 500 dropped more than 1% during a single trading session for the first time in five months... Stocks...Read More
It's finally happening!After months of planning, political wrangling and controversy, Trump's “Cash for Patriots” program is underway!The process actually started as a campaign promise before the 2016 election.Last February, I wrote a report about this “Cash for Patriots” program and explained how Trump's new policies would lead to big cash payments for Americans. And I'm h...Read More
CurrencyBitcoin Is the New GoldInvest in it, perhaps. But don't try to shop with it.by Noah Smith@NoahpinionMore stories by Noah SmithRead More
Gold has stopped to respond to the changes in the U.S. real interest rate.Dollar and inflation are now gold's main drivers.Inflation creates a long-term positive background for gold.Dollar threatens gold with ashort-term correction. Investment Thesis The analysis of the gold market prospects amid the actual driver indicates the conservation of a positive, long-term trend and the risk of a short-te...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 CaswellNine years after it charged a group of men for a $6.2-million scheme run partly through the Investors Hub website, the U.S. Securities and Exchange Commission is still winning sanctions against the group. (All figures are inU.S. dollars.) On Jan. 23,...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 fell $1.80 to $1,338.10 on Tuesday. The TSX Venture Exchange fell 20.85 points to 858.33 while the TSX Gold Index lost 1.23 points to 193.47. Canadian gold miners suffered another bleak day. Endeavour Mining Corp. (E...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 ReporterWest Texas Intermediate crude for March delivery lost $1.06 to $64.50 on the New York Merc, while Brent for March lost 44 cents to $69.02 (all figures in this para U.S.). Western Canadian Select traded at a discount of $27.70 to WTI ($...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
Marin KatusaMarin Katusa started off the 2018 Vancouver Resource Investment conference off in a battle with Rick Rule and Frank Holmes discussing top picks.Marin's picks were no surprise to the audience as they are the same companies (dogs) he has been promoting for the past several years.In case you are wondering about some of Marin's track record this link is a good place to do some due dilig...Read More
Treatment and refining charges (TC/RCs) for spot market copper concentrates dropped significantly during the second half of January, with smelters coming to the market for tonnages below benchmark rates and mine sales going at aggressive numbers.Metal Bulletin's copper concentrate TC/RC index dropped by $9.4 per tonne/0.94 cents per lb. Of that drop, $3.2/0.32 cents was due to the addition of a co...Read More
Lead prices on the London Metal Exchange were 1.7% higher at the close on Thursday February 1, with the metal continuing its fine performance since the turn of 2018. The three-month lead price hit a high of $2,668 per tonne earlier today, the highest since July 29, 2011, and closed just $3 shy of this high level. "The fundamental outlook for lead is strong with low exchange stocks while consumptio...Read More
Columnist Mike Kachanovsky shares his insight and analysis on one of his current favourite junior gold stocks. It does not pay a dividend but it's a junior mining stock that is a bargain. Its stock price has dwindled by over 50 per cent since its mid-2016 peak. Certain facts stand out when considering the status of the resource sector. Collectively, explorers have never spent more, nor had better...Read More
Comex copper prices were trading in negative territory once again on Thursday February 1 with a bout of poor Chinese data offsetting strong US manufacturing figures. Copper for March settlement on the Comex division of the New York Mercantile Exchange dipped 0.15 cents or 0.1% to $3.1940 per lb. The red metal has failed to set a clear price direction over the past few weeks and inconsistent data r...Read More
Ferro-alloys producer Ferroglobe has successfully completed the acquisition of a 100% interest in Glencore's manganese alloys plants in Mo i Rana (Norway) and Dunkirk (France) from a wholly-owned subsidiary of Glencore International, it said on Thursday February 1. Ferroglobe has received the necessary regulatory approvals in France, Germany and Poland for the purchases, the company added. The new...Read More