Commentary courtesy of VPNGeeksThe internet can be a scarey place if you don't protect yourself from cyber threats. Using a VPN is a viable solution to protect your personal data. However, understanding the ins and outs can be complex.The importance of using a VPN cannot be stressed enough, especially in our modern internet era. Originally designed to be used by businesses, a VPN has more recently...Read More
The London Metal Exchange has released the fees for its new cash-settled futures contracts which will be launched on March 11, three of which are settled against Fastmarkets MB benchmarks.The cash-settlement fee for the aluminium premiums contracts will be $0.35 per leg, per side of the trade, per lot, the LME said on Tuesday February 19. The aluminium premiums suite includes a duty-unpaid Eu...Read More
Aluminium's three-month price on the London Metal Exchange was little changed during morning trading on Tuesday February 19, with continued volatility in stock flows across LME-listed Malaysian warehouses doing little to jolt the metal's stagnant price action.Three-month aluminium has failed to trade above $2,000 per tonne since October 2018 and has consolidated in thin ranges around $1,850 per to...Read More
Clive says silver is looking nowhere near as strong as gold, and that silver needs to break above $22 to finally break-out for real. Here are the details...by Clive Maund of Streetwise ReportsThe charts for silver look nowhere near as strong as those for gold, but that is normal for this stage in the cycle, as at the start of major sector bull markets investors tend to be cautious and conservative...Read More
Sixteen states sue Trump over border wall emergency. Is it good or bad for the yellow metal? Trump’s National Emergency and Gold On Friday, President Trump declared a national emergency to obtain funds for building a wall along the U.S.-Mexico border, which was his key promise during a campaign. According to the President’s proclamation : the current situation at the southern border pr...Read More
David talks about the very real possibility of silver and gold skyrocketing in value in the near future...Josh Sigurdson speaks with David Morgan on World Alternative MediaJosh Sigurdson talks with David Morgan of The Morgan Report and Lode about the very real possibility of silver (and gold) skyrocketing in value in the near future. Now, could this happening in 2019?David Morgan explains why he...Read More
Published 23 Hours AgoUpdated6 Hours AgoReuters Simon Dawson | Bloomberg | Getty ImagesGold will continue to shine amid a weak dollar, says author and gold pro Jim Rickards.Palladium scaled a record peak to within striking distance of the $1,500 level on Tuesday fuelled by a sharp supply deficit, while bullion rose 1 percent to hit a 10-month high on a weaker dollar and global growth jitters.Sp...Read More
In an environment that should be great for safe haven assets, gold has spiked to around $1,350 four times, only to be smacked back down each time.It's obvious that the forces now at work in the world will eventually send terrified capital pouring into sound money like gold and silver.From a technical standpoint, piercing $1,350 resistance should trigger a big, fast move to the next resistance...Read More
Investing.com - Gold prices rose while the U.S. dollar traded near flat on Tuesday in Asia as traders awaited clarity on U.S.-China trade talks.In futures trading, gold's benchmark April contract on the Comex division of the New York Mercantile Exchange was up 0.4% at $1,326.75 per ounce by 1:32 AM ET (06:32 GMT).The precious metal has benefited from a weaker U.S. dollar during the past week, risi...Read More
• A modest USD uptick exerts some fresh downward pressure on Tuesday. • US-China trade optimism further adds to the selling bias/corrective slide. • Focus remains on the next round of US-China trade talks/FOMC minutes. Gold prices edged lower through the Asian session on Tuesday and eroded a major part of the previous ses...Read More
The results of the survey by the London Bullion Market Association of analysts' predictions for the gold price in 2019 is another example of just how unpredictable financial markets have become.The LBMA, a standards setting body for the industry, says the average forecast by the 30 analysts polled calls for a modest 1.8% gain in the price this year. However, two-thirds of the analysts see gold rea...Read More
Eurasian Resources Group Sarl will halt production at a copper and cobalt mine in the Democratic Republic of Congo, as it considers future investment in new production methods.The shutdown at Boss Mining Sprl will curb cobalt supplies from a nation that accounts for three-quarters of global production of the metal used in rechargeable batteries. The suspension comes at a time of strained relations...Read More
Chile's Superintendency of the Environment (SMA) filed charges against Lumina Copper on Tuesday for infractions to the provisions established in its Resolutions of Environmental Rating (RCA), both at the Caserones mine and the Electric Transmission Line necessary for the development of the project.Lumina Copper faces fines of up to $54.8 million for infractions to the provisions established in it...Read More
Glencore Plc is planning to cut production at one of its largest copper and cobalt mining operations in the Democratic Republic of Congo, the Wall Street Journal reported citing sources on Tuesday.The output cut is likely to be temporary as the company looks for new ways to mine copper, the report said.The company also plans to lay off about 2,000 employees, mostly contractors, at the Mutanda mine...Read More
Hudbay Minerals' (TSE, NYSE: HBM) second-largest investor, Waterton Global Resource Management, has turned up the heat in a boardroom battle that seeks to replace the Canadian miner's chief executive officer and overhaul its board.The private-equity firm, which holds about 12% of Hudbay, released an investor presentation on Tuesday, detailing what it sees as the path forward for the miner. The...Read More
BHP, the world's largest mining company, has urged peers to create an independent international body in charge of overseeing the construction, integrity and operations of tailings dams, which storage mining waste, following the second collapse of a dam in Brazil in the past three years."As an industry, we now have to redouble our efforts to make sure events like this simply cannot happen," Chief E...Read More
Suppliers of hot-rolled (HR) and cold-rolled (CR) steel sheet to Russia's Central federal district around Moscow have increased their offer prices on seasonally improved demand and a burgeoning export market, sources told Fastmarkets on Monday February 18.Fastmarkets' weekly price assessment for Russia-origin 4mm HR sheet was 42,000-43,000 roubles ($634-649) per tonne cpt Moscow on Monday, includi...Read More
ArcelorMittal has added a further ?,?30 ($34) per tonne to its European coil steel prices, the world's largest steelmaker told Fastmarkets on Tuesday February 19.The second increase in offer prices in less than a month follows the company's announcement that it would be adding ?,?30 per tonne to the price of European coil products on January 31.The latest price increase will be...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday February 19 that are worth another look.The London Metal Exchange has released the fees for its new cash-settled futures contracts to be launched on March 11, three of which - an aluminium premium contract, an alumina futures contract and a cobalt contract - are settled against Fastmarkets MB price benchmarks. Hot metal rem...Read More
BHP, the world's largest mining company, has urged peers to create an independent international body in charge of overseeing the construction, integrity and operations of tailings dams, which storage mining waste, following the second collapse of a dam in Brazil in the past three years."As an industry, we now have to redouble our efforts to make sure events like this simply cannot happen," Chief E...Read More