While other metals markets continue to be mired in negativity, the price of iron ore surged on Wednesday as the market for the steelmaking raw material in top consumer China show signs of a bottom. The benchmark 62% Fe import price including freight and insurance at the Chinese port of Tianjin raced ahead $3.10 or 5.9% to $53.30 a tonne, capping three days of gains according to data provided by The SteelIndex. The advance in the Metal Bulletin's benchmark 62%-index at the ports of Qingdao-Rizhao-Lianyunga
The best-performing Canadian stocks amid the commodities rout have one thing in common: the mighty U.S. dollar. Earnings estimates compiled by Bloomberg suggest their run will continue. Seven of the top 10 best-performing stocks in the Standard & Poor’s/TSX Composite Index this year report their businesses in U.S. dollars and generate a significant amount of their sales there. This includes the top five-ranked equities: drugmakers Concordia Healthcare Corp. and Valeant Pharmaceuticals International
What has been happening to stocks in China should be put into context. The Q2 GDP came in at +7.0% while estimates averaged +6.8%. Last year the GDP was +7.4%, the worst in 24 years. The bull market exploded after house and property prices had headed down. Corporate and other debt had risen to uncomfortable levels. Neither the economy nor earnings levels would have caused the jump. There was no sudden reform premium for the quality of earnings, no recognition of sustainability or for balance sheet strength (abs
The gold price will average $1,135 per ounce in the third quarter of this year, GFMS said in its latest Gold Survey report, and $1,175 in the fourth quarter. This compares to a second quarter average of $1,192 per ounce and current spot gold price of $1,095. The third quarter is widely expected to see the first increase to US interest rates since 2008. Higher interest rates in theory would push many gold investors into more yield-bearing assets such as bonds. GFMS on the other hand believes that much of
A major Chinese venture firm has launched a US$5 billion fund devoted to buying up Western technology, internet and biotech firms that are looking to enter the Chinese market. Following on from successful investments in a number of Chinese companies, including taxi and car-booking service Didi Kuaidi, which recently raised US$2 billion in a single funding round, GSR Capital will target international investment opportunities in industries that include clean energy, bio-pharmaceutics and life sciences, bulk commod
Gold rose, erasing a decline to climb back above $1,100 an ounce, amid concern that the recent losses had been too rapid and as the dollar weakened. Palladium jumped, extending a rebound from the lowest level since 2012. Gold retreated to the lowest level since February 2010 last week as the dollar advanced on prospects for tighter U.S. monetary policy and as commodities tumbled. The metal’s relative strength index was below 30 all last week, signaling to some investors that it may be due to rebound. The M
Barrick Gold Corp. has struck a deal to sell a 50 per cent stake in its Zaldivar copper mine in Chile for just over US$1 billion, giving the company’s balance sheet some much-ne... Full Story
and Powder Mountain Energy Ltd. ("Powder") (TSX VENTURE: PDM) are pleased to announce the completion of the acquisition by Canamax of all of the issued and outstanding common sh... Full Story
Only really one word changed and we had a pretty smart rally. It was unanimous. No rate change. T... Read More
This is Fed day and at 2pm ET we will share insights on raising rates. How soon? How hard? La... Read More
What has been happening to stocks in China should be put into context. The Q2 GDP came in at ... Read More
Interviewee: Lee Buckler, VP Business and Corporate Development Question 1: With the recent an... Read More
NAI500’s President Gilbert Chan recently conducted an interview with Allen Bey, CEO of Rock... Read More
The CEO of Imprimis Pharmaceuticals Mark Baum was recently at Nasdaq Closing Bell Ceremony and wa... Read More
Over the past year, the Chinese stock market has been fairly bullish. Taking a look at the weekly Shanghai Composite Index, we can see that the index started its upward path at around 200... Read More
The nuclear agreement between Iran and the six world powers (United States, United Kingdom, France, Russia, China and Germany) was settled on July 14 after months of negotiations. United ... Read More
This is a quick update on the opportunities our research team has mentioned before, and how they are doing in the first Quarter of the year. Tamarack Valley Energy (TSXV: TVE)&nb... Read More
Join us at our GCFF Investment Conference in Toronto! Since the start of the GCFF 15 years ago, hundreds of quality companies with investment opportunities have been introduced to thousan... Event Info
CHINA MINING Congress is hosted by the Chinese Ministry of Land and Resources PRC, with strong participation of the Provincial Departments of the Ministry of Land and Resources and mining... Event Info
Asante Gold Corp is an exploration stage company. The Company is engaged in the exploration and e...
Imprimis Pharmaceuticals is a specialty pharmaceutical company focused on the development and com...
Diamcor Mining Inc through its subsidiaries is engaged in the identification, acquisition, explor...