New Federal Reserve chair Jerome Powell appeared before Congress this week…"Some of the head winds the U.S. economy faced in previous years," Mr. Powell assured the assembled, "have turned into tail winds."Global growth is on the bounce.U.S. unemployment rests at 17-year lows.The economy will soon feel the spur of new federal spending.Let us not forget about the tax cuts.Powell is even conce...Read More
2018 will be historic for tech.Major innovations in artificial intelligence and robotics will change how we do everything.This will give you extremely lucrative profit chances.But the biggest story in tech right now is the amazing power of blockchain.To many blockchain experts, it's 1994 all over again and we're just waiting for a tipping point.Much like the "Netscape moment" was for the internet....Read More
In a recent story about some of Social Security's stranger aspects, I promised to tell you how the Amish opted out of the system in a future article.Well, grab some popcorn because here it is...The Social Security Act - which marked the beginning of the system we know today - passed Congress in 1935.But for the first 20 years, it didn't cover farmers.So it was only in the middle of the 1950s when...Read More
Another day, another late afternoon stock market dump.The major averages careened into the close for the second day in a row on Wednesday. The Dow led the retreat, shedding 380 points for a 1.5% loss. The S&P 500 and Nasdaq Composite weren't far behind, posting losses of 1.1% and 0.8%, respectively.The two-day drop was a fitting end to the market's most tumultuous trading month since January 2...Read More
Lonely, neglected and forgotten.Nobody wants them - even though there’s absolutely nothing wrong with them.The only problem is that they are not fortunate enough to be in the popular club. They are stuck on the outside looking in.I’m referring to the publicly traded companies that are not included as part of the major stock indices, in particular the S&P 500.The surge in passive in...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 Thursday was a poor 66-95-129. The TSX Venture Exchange rose fractionally to 829 while polished diamond prices edged upward. Sheldon Inwentash and Arno Brand's Gratomic Inc. (GRAT), called CKR Ca...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 $0.80 to $1,317.00 on Thursday. The TSX Venture Exchange rose 0.20 point to 829.32 while the TSX Gold Index added 1.51 points to 181.10. Barrick Gold Corp. (ABX) led Canadian gold miners lower today, dropping 18...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 rose a fraction to 829.32 Thursday. Roger Daher has filed a final prospectus to list his first capital pool shell, Skyscape Capital Inc. The shell is selling a $500,000 initial public offering at 50 cents throu...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 CaswellThe U.S. Securities and Exchange Commission has filed civil fraud charges against Mississauga's Douglas Murdock for misleading the public with respect to a purported water treatment listing. The SEC claims that he acquired a large block of tradable sh...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 Reporter West Texas Intermediate crude for April delivery lost $1.37 to $61.64 on the New York Merc, while Brent for April lost 85 cents to $65.78 (all figures in this para U.S.). Western Canadian Select traded at a discount of $28 to WTI ($33...Read More
The latest news and price moves to start the Asian day on Friday March 2. Aluminium and tin were the only base metals on the London Metal Exchange to close the day in positive territory on Thursday March 1, with the rest of the complex diving. Read more in our live futures report.Here are how LME prices looked at Thursday's close:United States President Donald Trump announced in a meeting with US...Read More
Despite a relative pessimism regarding macroeconomic fundamentals, the South African rand is expected to gain strength over the next few months and that could mean bad news for the country's gold miners, according to BMI Research.In a recently published report, BMI forecasts a year-end exchange rate of ZAR10.9/USD, up from a previous forecast of ZAR11.6/USD. The firm says that not everyone will be...Read More
Base metals on the London Metal Exchange mostly closed the week in negative territory on Friday March 2, with aluminium the sole exception.The three-month aluminium price held steady throughout today's trading while the market assessed news that US President Donald Trump intends impose a 10% tariff on aluminium imports."Who knows what it will mean to for exchange prices? For sure it will affect th...Read More
Refining charges (RCs) on blister copper imported into China stayed at high levels in February, with buyers snapping up tonnages on the well-supplied domestic spot market.China purchased several thousand tonnes of 98-99% blister copper, mainly from African producers, at RCs of $200-210 per tonne cif last month, according to Metal Bulletin's assessment.Metal Bulletin introduced its monthly RC asses...Read More
The Kamoa-Kakula copper project in the Democratic Republic of Congo (DRC) has increased its mineral resource estimate by 50%, which could bring around 21.5 billion lb (9.8 million tonnes) of copper into the market, Ivanhoe Mines said earlier this week. Research conducted in 2017 revealed Kakula's mineral resources at the Kamoa-Kakula mine stand at an estimated 174 million tonnes of which 5.62% is...Read More
A manganese ore price ceiling agreed by Chinese alloy smelters has collapsed a day after representatives agreed not to pay more than $8 per dry metric tonne unit for low-grade ore, Metal Bulletin understands. Representatives from manganese alloy smelters met on Thursday March 1 and agreed a price ceiling for 37% manganese ore after prices for the raw material continued to soar, several market sour...Read More
Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel have all raised their high-carbon ferro-chrome tender prices month on month for March due to tight supply of the stainless steel raw material, higher chrome ore prices and rand appreciation. Tisco has bid 7,750 yuan ($1,221.42) per tonne for high-carbon ferro-chrome for March delivery,100 yuan higher than its February tender price. The day...Read More
Earlier this quarter, GoldQuest Mining (GQC.TO) released the assay results of seven holes drilled on its Tireo concessions in the Dominican Republic. It had previously made an interesting discovery on this license which was named Cachimbo and still appears to be open in all directions.The drill holes show some interesting features as the mineralization appears to be divided into two zones; a highe...Read More
Refining charges (RCs) on blister copper imported into China stayed at high levels in February, with buyers snapping up tonnages on the well-supplied domestic spot market.China purchased several thousand tonnes of 98-99% blister copper, mainly from African producers, at RCs of $200-210 per tonne cif last month, according to Metal Bulletin's assessment.Metal Bulletin introduced its monthly RC asses...Read More
Rio Tinto Alcan's Kitimat aluminum smelter in northwest coastal British Columbia. Source: Rio Tinto Alcan.Trump said he intends to slap a 25% duty on steel imports and 10% on aluminum in order to protect the national industry. However, the dollar and Wall Street shares slumped as the plan sparked fears of a trade war and worries about the impact on the world's largest economy.Such a move would hur...Read More