(Repeats with no changes. The opinions expressed here are those of the author, a columnist for Reuters)* Global Copper Stocks: https://tmsnrt.rs/2OwwYKI* Stocks by Exchange: https://tmsnrt.rs/2OsdVRnBy Andy HomeLONDON, Oct 16 (Reuters) - The copper market is currently experiencing a squeeze on physical metal.This is unexpected.The London Metal Exchange (LME) price CMCU3 is treading water just abov...Read More
(Repeats with no changes. The opinions expressed here are those of the author, a columnist for Reuters)* Global Copper Stocks: https://tmsnrt.rs/2OwwYKI* Stocks by Exchange: https://tmsnrt.rs/2OsdVRnBy Andy HomeLONDON, Oct 16 (Reuters) - The copper market is currently experiencing a squeeze on physical metal.This is unexpected.The London Metal Exchange (LME) price CMCU3 is treading water just abov...Read More
Silver continues to be a singularly neglected and unloved investment, and has been for years now, but as we will proceed to see, this is not a situation that is likely to continue for much longer. On its 10-year chart we can see that silver has basically been moving sideways marking out a low base pattern since late 2014 - late 2015, following a severe bearmarket from its 2011 highs. For a while...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comNovember 6, 2018 1.US elections are here!2. Please click here now.Double-click to enlarge this big picture chart for gold. 3.From both a technical and fundamental perspective, gold looks solid. 4.This chart suggests that whatever happens in the US election, it's going to be positive for g...Read More
As investment flows and increased risk appetite driven by U.S. quantitative easing and the emergence of ETFs have pushed copper prices higher than the fundamentals suggest in the near term, RBC Capital Markets is warning that a correction is possible in the near term. However, copper remains the firm’s preferred base metal and it raised its price forecasts to reflect an improving supply-dema...Read More
With all the noise and uncertainty floating around these days in the global economy, it’s no surprise everyone is looking for a unique way to profit from gold, the generally acknowledged safe haven in times of strife.John Redstone, analyst with Desjardins Securities, has come up with a list of six base metals companies that are also well-leveraged for a rising gold price. Interestingly enoug...Read More
Analysts and strategists at UBS share their views on commoditiesQ: What is your take on recent developments in base metals?A: We were concerned over the base metals in early April, because of the potential for a global synchronised slowdown over the summer and into Q4, and because of the potential for risk capital to exit positions. We now believe that the slowdown is priced in, and we anticipate...Read More
* Asian shares near 9-month low, Nikkei down 0.5 pct* Falls in U.S. tech shares heighten worries* Yuan steady for now after PBOC's movesBy Hideyuki SanoTOKYO, July 4 (Reuters) - Asian stocks were on shaky ground on Wednesday while the Chinese yuan stood near 11-month lows as the spectre of a Sino-U.S. trade war haunted investors ahead of an end-of-week deadline for U.S. tariffs on billions of doll...Read More
With the first half of 2018 now behind us, it’s an opportune time to look at whats been happening in the Chinese Gold Market. As a reminder, China is the largest gold producer in the world, the largest gold importer in the world, and China’s Shanghai Gold Exchange is the largest physical gold exchange in the world.For various reasons such as cross-border trade rules, VAT rules and de...Read More
BRUSSELS, July 19 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:APPROVALS AND WITHDRAWALS-- Spanish fashion and cosmetics maker PUIG and German electrical appliances maker Bosch (NS:BOSH) Group's unit BSH to jointly acquire Spanish perfume maker Noustique (approved July 18)-- Metals and commodities company Liberty House G...Read More
Is Silver's long bear market over? If so, it would be exciting news for bulls who have suffered through a hellacious, 72% correction since the metal peaked in 2011 just beneath $50. The monthly chart (see inset) provides reason for cautious optimism, implying as it does that Comex futures could be bottoming slightly above $15. If a powerful and sustained upturn lies in the offing, the September co...Read More
This blog post is a guest post on BullionStar's Blog by the renowned blogger JP Koning who will be writing about monetary economics, central banking and gold. BullionStar does not endorse or oppose the opinions presented but encourage a healthy debate.The Turkish government, in particular its central bank, has a relatively unique relationship to gold. Few governments directly involve themselve...Read More
* MSCI Asia-Pacific index up 0.17 pct, Nikkei rises 0.5 pct* US yields hover near 6-week highs, help prop up dollar* Commodities buoyant amid prospect of increased China demandBy Shinichi SaoshiroTOKYO, July 25 (Reuters) - Asian stocks rode higher on Wednesday thanks to strong U.S. corporate earnings and hopes China will boost fiscal support for its economy, while long-term U.S. yields hovered nea...Read More
BENGALURU, July 31 (Reuters) - Gold prices crept higher early on Tuesday, supported by the dollar's slight fall against the yen ahead of a monetary policy decision from the Bank of Japan.FUNDAMENTALS* Spot gold XAU= was up 0.1 percent at $1,222.28 an ounce at 0041 GMT.* U.S. gold futures GCcv1 were about 0.1 percent higher at $1,222.10 an ounce.* The yen strengthened slightly against the dollar on...Read More
By Sudarshan VaradhanNEW DELHI, Aug 3 (Reuters) - India's Goa state on Friday passed a resolution asking the state's chief minister to push the federal government to amend laws to restart mining across the state, a state lawmaker said, months after the country's top court quashed mining permits.The resolution seeks to amend laws in Goa so that existing miners can continue to extract ore for about...Read More
Shares of gold and copper producer Newport Mining Corp. (NEM) slipped 0.5% Thursday to $35.22 despite the company reporting fourth-quarter earnings that surpassed analysts' expectations thanks to steady gold and copper production and lower operational costs. The company reported adjusted earnings of $214 million, or 40 cents a share, for its fourth quarter, compared to $206 million, or 38 cen...Read More
Gold is glittering this winter - and everyone's favorite precious metal could have even further to run in the sessions ahead. After a run of underperformance, gold prices have managed to find bottom and move higher in the last six months, the ever-popular SPDR Gold Shares ETF (GLD) is up about 9% since the end of August. But there's mounting evidence that gold could have even further to rally...Read More
The merger mania sweeping the gold mining sector isn't a flash in the pan - it's likely just begun. Unless these companies want to shrink, they must continue to gobble each other up. "There is going to be a new wave of M&A as a way to grow reserves especially because organic growth is so hard to come by," said Matthew Miller, a Denver-based equity research analyst at financial research firm CFR...Read More
McClellan Financial Publications, IncPosted Feb 28, 2019February 21, 2019Gold prices recently swooped up to a rather spiky looking top, and on Feb. 21 a big drop started the work of unwinding that blowoff.It was a good looking spike upward as far as gold itself was concerned.But it did not come with confirmation from other prices which tend to move in sympathy with gold. This week’s chart co...Read More
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