Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
Mar. 1st, 2019(S14-E685)Featured GuestsProf. Burton Malkiel& Bill MurphyPlease Listen HereFormer NFL player Bill Murphy of GATA.org returns with commentary on the stunning advance in palladium. The former industrial metal has an inversion of the typical market dynamics, eclipsing the precious metals king. The host proposes a chief factor sending Palladium higher while gold and platinum remai...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-warehouse, $ per lb Click here for Fastmarkets' price assessment for alloy-grade cobalt, in-warehouse, $ per lb In light...Read More
Billet prices in most global markets were under pressure during the week ended Friday March 1 due to a decrease in raw materials prices and weak demand in the finished long steel segment.Customers preferred to take a wait-and-see approach, which spurred billet suppliers to cut prices further.The exception in the global market was China, where demand was rather vivid, pushing prices upward in a wee...Read More
By: Gary TanashianThe number in the title is in honor of the boldest forecast burped up by the gold community in February as the metal (and the miners) jerked upward and jerked the holdout would-be enthusiasts into the market. It was included in the anonymous (but real) quotes from a cautionary post last week on the Gold Bull Horns.We also used these quotes in an NFTRH update in order to tr...Read More
Mar. 1st, 2019(S14-E685)Featured GuestsProf. Burton Malkiel& Bill MurphyPlease Listen HereFormer NFL player Bill Murphy of GATA.org returns with commentary on the stunning advance in palladium. The former industrial metal has an inversion of the typical market dynamics, eclipsing the precious metals king. The host proposes a chief factor sending Palladium higher while gold and platinum remai...Read More
By: Marin KatusaIn 2015, a 16-year-old student from Jiangsu, China, tried to board a train.She couldn't even purchase a ticket.The student, Zhong Pei, tried enrolling in classes at her university. But she was not allowed to do that either. Zhong had committed a serious crime: She was guilty of being related to someone else.Her father had killed two people and died in a car accident. So the Chi...Read More
By: SRSrocco If you're puzzled by the magnitude of the stock market correction since late December, you can thank the central banks for the rally. Yes, that's correct... after the Dow Jones suffered the worst Christmas Eve trading day ever, the massive central bank monetary liquidity helped push the index up 20% from its low over the next two months. Of course, the markets were due for a r...Read More
Infested with CrawdadsNot ApplaudingSteadily More Dovish#3 MandatePuerto Rico, Cleveland, New York, Cleveland, Austin, and DallasIn an ideal world, we wouldn't have to read the Federal Reserve's rabbit entrails to discern the economy. But Since the Fed exists in the real world, and its decisions matter, we have to pay attention.Just so new and perhaps even old readers know my views on the Fed: I...Read More
Here are five Fastmarkets MB stories you might have missed on Friday March 1 that are worth another look.Copper-starved London Metal Exchange warehouses could receive a long-awaited influx of metal from an unexpected source, Fastmarkets has learned. The LME has released its pricing procedures and methodologies for the scheduled release of its cash-settled futures contracts on March 11, h...Read More
Gold is headed for a test of the 23.6% Fibo retracement of the mid-August swing lows to recent swing highs. Bears are testing below the ascending channel's support. Gold is trading at $1,314/oz, down from the day's highs of $1,327/oz having printed a daily low of $1,313.11oz. Gold prices have been steadily declining since last week's highs of $1,343/oz and has&n...Read More
Copper stocks at Shanghai-bonded warehouses rose for a fourth consecutive month in February due to sustained import losses between London and Shanghai, causing the bonded copper warrant premium to slide to its lowest level since May 2017. Zinc stocks in the Shanghai-bonded zone recorded another sharp month-on-month increase in February on the expectation of an uptick in domestic demand, while nick...Read More
Gold prices have pulled back from a 10-month high in recent sessions, leaving investors wondering why the many geopolitical and economic issues plaguing the market haven't been able to fully support the metal's haven appeal. Gold notched that multimonth peak just over a week ago on the back of uncertainty linked to Brexit, the U.S.-China trade dispute, and global economic growth. But prices on Thu...Read More
Chile's Codelco, the world's No. 1 copper producer, is expected to generate $13.9 billion in revenue in 2019 while operating costs would be of $9.9 billion. This is according to the budget approved by the Finance Ministry's Budget Directorate.Local newspaper La Tercera reported that following a mandatory annual review of all state-owned companies, the Directorate estimated that Codelco's earnings...Read More
For the second year in a row, mineral and coal exploration expenditure in British Columbia increased in 2018.This is according to the British Columbia Mineral and Coal Exploration Survey carried out by the provincial Ministry of Energy, Mines and Petroleum Resources, the Association for Mineral Exploration and Ernst & Young.After collecting insights from nearly 300 exploration projects across BC,...Read More
Here are five Fastmarkets MB stories you might have missed on Friday March 1 that are worth another look.Copper-starved London Metal Exchange warehouses could receive a long-awaited influx of metal from an unexpected source, Fastmarkets has learned. The LME has released its pricing procedures and methodologies for the scheduled release of its cash-settled futures contracts on March 11, h...Read More
RAPAPORT... The president of Botswana has repudiated claims that thecountry planned to loan Zimbabwe $600 million to support its diamond industry and private sector. Last week, Zimbabwe's media quoted its secretary of foreign affairs and international trade as saying Botswana hadoffered the country $500 million to fund facilities for its diamond industry,and another $100 million for local pri...Read More
RAPAPORT... Diamcor saw a significant sales jump in the third fiscal quarter asproduction increased at its mine in South Africa. Revenue surged 76% to $1.4 million in the three monthsending December 31 2018, compared to $864,546 in the same period in 2017, the minerreported Friday. The company recorded a net loss of CAD 861,883 ($648,222) - down from a deficit of CAD 1.1 million ($825,36...Read More
RAPAPORT... World Diamond Council (WDC) president Stephane Fischler hasurged the Kimberley Process (KP) to implement changes before the end of itsthree-year review. "The organization must grasp an historic opportunity tocorrect shortfalls in the system designed to prevent conflict diamonds fromentering the chain of distribution," Fischler said in a special meeting onconflict diamonds at the U...Read More
Alkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesThe new resource has 250 million tonnes grading 0.48% copper, 0.29 grams per tonne of gold and 7.5g/t of silver for a 0.74% copper equivalent grade or a 1.09g/t gold equivalent grade in the indicated category, containing 2.6 billion pounds of copper, 2.3 million ounces of gold and 61Moz of silver.In addition, it h...Read More