GOLD GAINS   Gold prices bounced off session lows, buoyed a slump in the dollar as U.S. political uncertainty resurfaced, a

CRUDE EXTENDS GAINS FOR SIXTH-STRAIGHT DAY DESPITE RISE IN INVENTORIES

CRUDE EXTENDS GAINS FOR SIXTH-STRAIGHT DAY DESPITE RISE IN INVENTORIES

CRUDE EXTENDS GAINS Crude futures settled higher on Wednesday, as a bigger than expected drop in gasoline inventories

BUZ INVESTORS  CRUDE EXTENDS GAINS Crude futures settled higher on Wednesday, as a bigger than expected drop in gasoline inventories offset an unexpected build in crude output, easing investor concerns about a slowdown in demand for refined products.

On the New York Mercantile Exchange crude futures for August delivery rose 1.1% to settle at $44.74 a barrel, while on London’s Intercontinental Exchange, Brent added 1.34% to trade at $47.55 a barrel.

Investors mulled over a mixed weekly inventory report from the Energy Information Administration, showing a surprise build in crude stockpiles while gasoline inventories fell by more than expected.




CRUDE EXTENDS GAINS

Inventories of U.S. crude unexpectedly rose by roughly 118,000 barrels in the week ended June 23, below expectations of draw of about 2.5m barrels.

Gasoline inventories, one of the products that crude is refined into, fell by 894,000 barrels against expectations of a draw of 583,000 barrels while distillate stockpiles declined by 223,000 barrels, compared to expectations of a rise of 453,000 barrels.

The bigger-than-expected draw in gasoline stockpiles eased investor concerns about a slowdown in demand for refined products, after data in June showed stockpiles of gasoline rose back above 2016 levels and well above their five-year average.

Crude prices extended gains for a six-straight day, after falling into bear-market territory last week amid fears that an uptick in output by Nigeria and Libya were undermining Opec and its allies’ efforts to curb oversupply.

Earlier in June, Libya’s 270,000-bpd Sharara oilfield reopened while Royal Dutch Shell lifted force majeure on exports of Nigeria’s Forcados crude oil, bringing all of the West African country’s oil exports fully online for the first time in 16 months.

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COMMODITIES: (CRUDE OIL) (SILVER) (GOLD)




ASIAN SESSION – GOLD AT 3-MONTH HIGHS ON SOFTER DOLLAR AFTER MNUCHIN COMMENTS

Gold price extends losses for 7th consecutive day

Chart | Calendar   | TRADE NOW | GOLD

Gold price extends losses for 7th consecutive day

Gold

BUZ INVESTORS  Gold price extends losses Gold is trading at $1224.70 per ounce at 09:40 GMT this morning, 0.2% lower from the New York close. This morning, the precious metal traded at a high of $1228.70 per ounce and a low of $1223.90 per ounce. Yesterday, gold traded 0.27% lower in the New York session and closed at $1227.10 per ounce, amid strength in the US Dollar. Immediate downside, the first support level is seen at $1220.10 per ounce, while on the upside, the first resistance level is at $1233.10 per ounce.

Gold moved lower for the seventh day Monday in the national capital — this time by Rs 175 to Rs 28,550 per 10 grams — chiefly because of a drop in local demand even as it saw a slight bounce overseas.

Silver, too, declined further by Rs 225 to Rs 38,350 per kg — a sign of softness in orders from industrial units and coin makers.

The persistent fall in the yellow metal prices is seen as a direct outcome of fading demand from local jewellers and strength in the rupee that made its imports cheaper.

Globally, gold prices firmed up 0.24 percent to USD 1,230.90 an ounce in Singapore after pro-European centrist Emmanuel Macron won the French presidential election.

In the national capital, gold of 99.9 percent and 99.5 percent purity slumped by Rs 175 each to Rs 28,550 and Rs 28,400 per 10 grams, respectively. The precious metal had lost Rs 825 in the previous six days.




Gold price extends losses

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Gold | Data | Chart | Calendar | Forecast | News

Gold decreased 4.90 USD/t oz. or 0.40% to 1,220.90 on Tuesday May 9 from 1,225.80 in the previous trading session. Historically, Gold reached an all time high of 1898.25 in September of 2011 and a record low of 34.83 in January of 1970.

The biggest producers of gold are China, Australia, United States, South Africa, Russia, Peru and Indonesia. The biggest consumers of gold jewelry are India, China, United States, Turkey, Saudi Arabia, Russia and UAE. Gold Futures are available for Trading in the Commodity Exchange (COMEX) which merged with the New York Mercantile exchange in 1994 and became the division responsible for metals trading. Half of the gold consumption in the world is in jewelry, 40% in investments, and 10% in industry. However, Gold is not only a precious metal but also a commodity vital for many industries. Gold is an excellent conductor of electricity, is extremely resistant to corrosion, and is one of the most chemically stable of the elements, making it critically important in electronics and other high-tech applications. This page provides – Gold – actual values, historical data, forecast, chart, statistics, economic calendar and news. Gold – actual data, historical chart and calendar of releases – was last updated on May of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1220.90 1227.70 1898.25 34.83 1968 – 2017 USD/t oz. Daily

 

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Buz Investors ASIAN SESSION The dollar remains relatively strong, posting gains against most major counterparts with the exception of the euro which was helped in the aftermath of yesterday’s ECB meeting and subsequent press conference

ASIAN SESSION – GOLD EXTENDS LOSSES; ALL EYES ON US JOBS REPORT

 

ASIAN SESSION – GOLD EXTENDS LOSSES; ALL EYES ON US JOBS REPORT

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Buz Investors ASIAN SESSION The dollar remains relatively strong, posting gains against most major counterparts with the exception of the euro which was helped in the aftermath of yesterday’s ECB meeting and subsequent press conference by its President, Mario Draghi. As a result of dollar strength, gold was pushed below $1200 an ounce.

The European Central Bank signaled yesterday it currently does not plan to take further accommodative measures to boost the Eurozone economy as there are positive signs on the horizon. This helped a euro that was already strong due to favorable developments on the political front; namely Emmanuel Macron gaining in the polls against anti-EU rival Marine Le Pen.



OTHER STORIES BUZ TRADERS FOLLOW

ASIAN SESSION

The dollar continued to post losses against the euro during today’s Asian trading, though more moderate ones relative to yesterday’s European session trading. Euro / dollar was eyeing the 1.06 level in late Asian session. Relative to the yen, the greenback advanced yet again, this time surpassing the 115 yen level and setting a new seven-week high.

Investments out of Japan and into the US currency are partly coming on the back of rising US Treasury rates. Treasury yields extended their run with the 10-year note rate advancing for a tenth day to climb above the 2.6% mark, posting its longest streak since 1974.

Gold is extending its losses for a fifth straight day to record its longest losing run since October last year. The precious metal has been losing its attractiveness on improving expectations about the US economy, which are leading to a stronger dollar. Today it slid below the $1200 an ounce psychological level to reach a low of $1196.71, while in late Asian session it was close to its lows.

WTI crude oil rose from the three-month low reached recently but remains below the $50 a barrel level.

Further ahead, the main highlight of the day would be the much-awaited US jobs report with employers expected to have added 190,000 workers to payrolls, according to a poll by Reuters. The Canadian jobs report and manufacturing data out of the UK will also be on the watch list.




major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)




USDCAD Trump Shock Pushes Canadian Dollar Down

$USDCAD Extends Higher To Threaten 200 DMA Break

USDCAD Extends Higher To Threaten 200 DMA Break

Buz Investors USDCAD Extends Higher The pair is trading at 1.3158 at 10:40 GMT this morning, with the USD trading 0.17% lower against CAD from the New York close.

USDCAD

Buz Investors USDCAD Extends Higher The pair is trading at 1.3158 at 10:40 GMT this morning, with the USD trading 0.17% lower against CAD from the New York close. The pair traded at a high of 1.3200 and a low of 1.3155 this morning. The US Dollar advanced against the Canadian Dollar in the New York session yesterday, closing marginally higher at 1.3181. On the economic front, Canada’s building permits dropped more than estimated on a monthly basis in December. The pair is expected to its find support at 1.3134 and its first resistance at 1.3197.



Other Stories Buz Traders Follow

USDCAD Extends Higher

 Canada’s building permits dropped more than estimated on a monthly basis in December

 USD/CAD pushed higher for a 2d consecutive consultation, driven by a recovery within the dollar and a decline in oil charges. The pair in brief pushed above resistance from can also highs at 1.3188 previous to chickening out and trades above the 2 hundred DMA shortly in advance of the North American near.

the united states greenback index (DXY) has been showing electricity to start out the brand new week as a 2nd day of restoration suggests the index retaking the psychological one hundred.00 cope with. DXY has pushed above a horizontal stage at one hundred.18 that previously held the index lower in 2015 on separate attempts.

WTI crude oil prices (USOIL) grew to become lower from resistance on Monday and fell under strain once again on Tuesday. Resistance at $fifty three.94 marks the seventy six.4% Fibonacci degree from 2015 highs to 2016 lows and has caused the turn lower this week following numerous failed attempts at the extent on account that December. The decline has taken the tool to sparkling lows for the month as USOIL trades at the lowest stage since January twentieth.

trade balance figures out of Canada were stated at a surplus of $0.92 billion in December against an expected surplus of $0.five billion. The earlier discern become revised as much as $1.zero billion from the firstly suggested $0.53 billion. Out of america, the trade stability deficit narrowed to $44.3 billion in December from a revised $45.7 billion within the preceding studying and towards the analyst forecast of $forty five.0 billion.



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)




USDCHF Clawing Back Following Monday’s Break

$USDCHF hits session peak as USD extends recovery

USDCHF hits session peak as USD extends recovery

Buz Traders USDCHF hits session peak The US Dollar is trading at 0.9956 against the Swiss Franc at 10:40 GMT this morning, 0.32% higher from the New York close.

USDCHF

Buz Traders USDCHF hits session peak The US Dollar is trading at 0.9956 against the Swiss Franc at 10:40 GMT this morning, 0.32% higher from the New York close. Going ahead, investors would keep a close watch on Switzerland’s SECO consumer confidence index, set to release tomorrow. The pair traded at a high of 0.9960 and a low of 0.9907 this morning. On Friday, the USD traded 0.39% lower against the CHF in the New York session and ended at 0.9924. The pair is expected to its find support at 0.9910 and its first resistance at 0.9993.



Other Stories Buz Traders Follow

USDCHF hits session peak

 Switzerland’s SECO consumer confidence index, set to release tomorrow

The USD/CHF pair received some traction on Monday and staged a rebound from zero.9900 neighborhood amid modest dollar restoration.

presently trading round 0.9945-forty location, trying out consultation peaks, the pair remained constrained within a close to-time period trading range among two hundred-day SMA aid and a hundred-day SMA. also on Friday, the pair reversed all of its early profits to one hundred-day SMA resistance in wake of mixed US jobs information, mainly sluggish salary growth.

On Monday, the pair stuck clean bids and reversed early dip to 0.9910 vicinity led with the aid of large based totally short-greenback unwinding exchange, with the key US dollar Index trying a pass again closer to a hundred.00 mental mark. The pair maintained its bid tone despite of the normal threat-off temper, as depicted by way of weaker sentiment surrounding ecu equity markets, which has a tendency to gain the Swiss Franc‘s safe-haven enchantment.

From technical attitude, it’d be prudent to watch for a damage-out through latest trading variety earlier than confirming the pair’s next leg of directional pass

 



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)




GBPUSD Pound Jumps to 1.25, Markets Eye Autumn

$GBPUSD Extends Decline, Testing Key Support

GBPUSD Extends Decline, Testing Key Support

Buz Investors GBPUSD Extends Decline At 10:40 GMT, the pair is trading at 1.2427, with the Pound trading 0.46% lower against US Dollar from the New York close. Earlier today, data indicated that UK’s mortgage approvals rose less than expected in December.

GBPUSD

Buz Investors GBPUSD Extends Decline At 10:40 GMT, the pair is trading at 1.2427, with the Pound trading 0.46% lower against US Dollar from the New York close. Earlier today, data indicated that UK’s mortgage approvals rose less than expected in December. The pair witnessed a high of 1.2519 and a low of 1.2410 during the session. Yesterday, the Pound traded 0.19% lower against the US Dollar in the New York session and ended at 1.2485. Immediate downside, the first support level is seen at 1.2375, while on the upside, the first resistance level is situated at 1.2513.



Other Stories Buz Traders Follow

GBPUSD Extends Decline

GBP/USD is recording losses for the fourth session in a row

GBP/USD is recording losses for the fourth session in a row in these days’s buying and selling. The pair is presently buying and selling at 1.2439, down 0.37% from Monday’s North American near. GBP/USD has declined about 1.nine% for the reason that peaking at 1.2674 on January 26.

Now in play as a result of the decline from the January excessive is key guide described by means of the corrective pinnacle hooked up in early January, which turned into then tested and held with the advance into the highs established January 17/18. these highs correspond to the 38.2% Fibonacci retracement of the development from the January 16 low to the January 26 height.

A drop under this guide would be a terrible improvement for GBP/USD, leaving the following goal at the lows mounted January 18-20 close to 1.2253. these lows are inside the identical area as a sixty one.eight% Fibonacci retracement of the advance from the January sixteen low. Failing to preserve this degree might increase the chances of a complete retracement of the January rally.

britain, overall lending to united kingdom clients declined

these days’s leg of the recent decline changed into sparked by means of the release of uk December purchaser lending facts. in keeping with the financial institution of britain, overall lending to united kingdom clients declined barely to £four.8bn from £5.1bn the previous month and become under a consensus forecast of £five.3bn. the general boom in lending became consistent with the average for the past six months with the 12-month increase charge unchanged at four.0%. GBP/USD bought off sharply at the time of the statistics release, falling from the 1.2500 degree to set a session low at 1.2412

 

major currencies: (EUR-USD) (USD-JPY) (GBP-USD) (USD-CHF), (USD-CAD), (AUD-USD)




USDCHF Clawing Back Following Monday’s Break

$USDCHF extends range-bound action, US macro data awaited

USDCHF extends range-bound action, US macro data awaited

USDCHF

  • Buz Investors USDCHF extends range-bound The US Dollar is trading at 1.0005 against the Swiss Franc at 10:40 GMT this morning, 0.1% higher from the New York close
  • . With no economic releases in Switzerland today, investor sentiment will be governed by global macroeconomic news. The pair traded at a high of 1.0027 and a low of 0.9987 this morning. Yesterday, the USD traded 0.22% higher against the CHF in the New York session and ended at 0.9995.
  • The pair is expected to its find support at 0.9970 and its first resistance at 1.0033.

USDCHF extends range-bound

USDCHF Clawing Back Following Monday’s Break

USDCHF extends range-bound  The USD/CHF pair dwindled a spike to weekly high level close to 1.0030 place and has now tipped returned below parity mark.

currently trading round 0.9990-ninety five band, testing session lows, the pair remained restrained within a slender trading range simply above a hundred-day SMA and has been consolidating its current slide of over 350-pips on account that the start of 2017, led by way of ongoing fears over america President Donald Trump’s protectionist stance.



Other Stoies Buz Traders Follow

USDCHF extends range-bound

meanwhile, renewed optimism over Trump reflation led more potent US economic growth has lent help america greenback’s recuperation from Thursday’s 7-week lows, however has failed to offer any sparkling impetus for the pair’s near-term route. Even the regularly occurring risk-on temper throughout international equity markets, which has a tendency to weigh at the Swiss Franc’s secure-haven attraction, has didn’t offer any short-time period trading opportunities for short-time period buyers.

consequently, traders keenly look ahead to for modern US monetary docket, proposing the release of boost this autumn GDP growth numbers and sturdy items orders, which would possibly assist the pair to interrupt via the 50-60 pips slim buying and selling range and decide the subsequent leg of directional circulate.

 

major currencies: (EUR-USD) (USD-JPY) (GBP-USD) (USD-CHF), (USD-CAD), (AUD-USD)




Alexandria Minerals Extends Length of High Grade Gold-Quartz Veins at Orenada

Alexandria Minerals Extends Length of High Grade Gold-Quartz Veins at Orenada

Alexandria Minerals Extends Length of High Grade Gold-Quartz Veins at Orenada

Alexandria Minerals Extends Length of High Grade Gold-Quartz Veins at Orenada

Toronto, Ontario, January 18, 2017 – Alexandria Minerals Corporation (TSX-V: AZX; Frankfurt: A9D) (“AZX” or the “Company”) is pleased to report on the final 4 drill holes of last quarter’s drill program at Orenada Zone 4. The results of these 4 drill holes extend the known strike length of the stacked, high-grade gold-quartz veins by 200 meters.

Highlights

  • Four step-out drill holes at Zone 4 intersected high-grade gold veins and include the following results: 10.00 g/t gold over 0.8 meters, 9.99 g/t gold over 0.6 meters, and 8.55 g/t gold over 0.6 meters;
  • The results show that stacked, high-grade veins extend at least 200 meters east beyond the previously known length (see Figures 1 and 2 below);
  • The holes tested a zone between Zone 4, and nearby Zone 2 to the east, and have opened up a new target area – previously, this area was not well explored;
  • At 400 meters depth, the intersections are deeper than previously drilled.

Eric Owens, President and CEO of Alexandria, “These results show the potential for growth of the gold deposit at Zone 4. These holes hit gold in an underexplored area, and deeper than previous holes. We expect our much larger current drill program to provide even greater detail and growth.”

Figure 1. Longitudinal Section with New Step-Out Holes OAX-16-80, 81, 82, and 83
1

The results of these four holes at Zone 4 (see Table 1 below) indicate the eastward continuation of the stacked vein sets from the main body of Zone 4 gold mineralization, into an area with little previous exploration. In addition, the four holes tested deeper targets, in this case down to 400 meters in depth on the eastern flank of the Zone 4 gold deposit, as shown on Figure 1 above.

Cross sections of these drill holes can be viewed by clicking the following links:

Between September and November, 2016, Alexandria Minerals completed an 11 hole, 4,020 meter drill program at Orenada, five of which were completed at Zone 4 (see Figure 2 below). In addition to expanding on the size of the deposit, this program has provided further confirmation of the new geologic model.

Figure 2. Drill Hole Location Map Zone 4, superimposed on geology.
2

Alexandria’s 2017 Winter Drill Program
Alexandria is drilling a 12,500 meter winter drill program which has begun at Zone 4. The Zone 4 drilling is aimed at better establishing the size, volume and grade of high-grade gold veins and vein sets there. The gold-quartz veins and veinlets occur in clusters within the Cadillac Break Shear Zone and adjacent rocks (Figure 1). The veins and vein sets, together with their gold-bearing alteration envelopes, dip shallowly to the south within the more broadly steeply dipping shear zone.

Initial drilling is testing Zone 4, both east and west of the core area of DDH OAX-15-54. A second drill rig will be added in the coming weeks to test gold targets on the Company’s Triangle Too program, located 2 kilometers northwest of Zone 4.

On a related note, Company geologists are currently examining and re-logging much of the 46,870 meters of pre-Alexandria drill core from Zone 4 and Zone 2. Such efforts will add considerable detailed knowledge and information about the high grade veins and the new geological model to Alexandria’s own drill database. Sampling of previously un-sampled sections of this core is also underway.

Table 1. Selected Assay Results at Zone 4, Diamond Drill Holes
OAX-16-80, 81, 82, and 83

3

In other matters, Alexandria announces that a total of 8,250,000 incentive options to purchase common shares of the Company have been granted to directors, officers, and employees as a result of the expiration of previously issued options. The incentive options have an exercise price of $0.06 per share and expire on January 13, 2022. The grant is subject to regulatory approval.

Further information about the Company is available on the Company’s website, www.azx.ca, or our social media sites listed below:
Facebook: https://www.facebook.com/AlexandriaMinerals
Twitter: https://twitter.com/azxmineralscorp
YouTube: http://www.youtube.com/AlexandriaMinerals
Flickr: http://www.flickr.com/alexandriaminerals/

Program design, management, and Quality Control/Quality Assurance are conducted by Alexandria’s exploration group of which Phillippe Berthelot, P.Geo, is the Company’s Qualified Person. Mr. Berthelot has reviewed the results in this press release. The QA/QC program is consistent with National Instrument (“NI”) 43-101 and industry best practices and has been previously addressed in NI 43-101 reports found on the Company’s website or on www.sedar.com.

About Alexandria Minerals Corporation
Alexandria Minerals Corporation is a Toronto-based junior gold exploration and development company with strategic properties located in the world-class mining districts of Val d’Or, Quebec, Red Lake, Ontario and Snow Lake-Flin Flon, Manitoba. Alexandria’s focus is on its flagship property, the large Cadillac Break Property package in Val d’Or, which hosts important, near-surface, gold resources along the prolific, gold-producing Cadillac Break, all of which have significant growth potential.




AUDUSD flirting with 2-month lows

AUDUSD extends rejection move from 0.7500 important barrier

AUDUSD extends rejection move from 0.7500 important barrier

AUD-USD

  • Buz Investors AUDUSD extends rejection The AUD/USD pair once again failed to build on to its momentum above 0.7500 psychological mark and was rejected at 200-day SMA barrier.
  • Currently trading around 0.7460 region, testing session lows, the pair ran through fresh offers at higher level asinvestors seemed to unwind their bearish USD bets ahead of President-elect Donald Trump’s inauguration speech scheduled Jan. 20. In fact, the key US Dollar Index was seen flirting with highs near 101.70 level.
  • The pair even shrugged-off upbeat Australian MI inflation gauge and failed to clear the very important 200-day SMA barrier and extended its retracement from the vicinity of last week’s 4-week high.

AUDUSD extends rejection

Buz Investors AUDUSD extends rejection The AUD/USD pair once again failed to build on to its momentum above 0.7500 psychological mark and was rejected at 200-day SMA barrier. Currently trading around 0.7460 region, testing session lows, the pair ran through fresh offers at higher level as

AUDUSD extends rejection  US markets closed in observance of Martin Luther King Day, the pair’s movement on Monday will remain dependent on the overall US Dollar price dynamics and broader market risk sentiment. However, this week’s key economic releases / events – including US inflation print and Australian employment details, would help investors determine the pair’s next leg of directional move.

 

Other Stories Buz Traders Follow

AUDUSD extends rejection

AUD/USD 1 day: The Aussie faces plenty of congestion just above zero.7500, such as the 100 and two hundred day moving averages. however ordinary it appears resilient, with initial scope for 0.7530/forty. the usa holiday ought to tighten tiers to begin the week however our usual bias is reasonably bullish.

AUD/USD 1-three month: underneath 0.7200. the united states greenback has had an excellent upward push because the US election and has ability to rise similarly during the months beforehand. The Fed’s assertive tightening projections plus US monetary enlargement need to hold upside pressure on US hobby fees and america greenback. towards that coal and iron ore are probably to sustain an excellent component in their dramatic rises, and economic information need to improve in this fall and Q1, however these forces are subservient to the usa dollar’s trend. There’s also the issue of Australia’s AAA score, visible at danger. (23 Dec).

major currencies: (EUR-USD) (USD-JPY) (GBP-USD) (USD-CHF), (USD-CAD), (AUD-USD)