* Economy Minister Altmaier presents spring forecast * Berlin sees growth of 0.5 pct in 2019, 1.5 pct in 2020 * Trade disputes, Brexit weighing on economy * Government to pour billions in R&D incentives (Adds president of Ifo institute)By Michael NienaberBERLIN, April 17 (Reuters) - The German government is eyeingincentives to boost corporate research and development aftercutting its forecast...Read More
Iron ore prices continued to retreat on Wednesday April 17 following news that Vale was permitted to resume operations at its Brucutu mine in Brazil, with capacity for 30 million tonnes per year.MB 62% Fe Iron Ore Index: $93.23 per tonne cfr Qingdao, down by $1.55 per tonne.MB 62% Fe Pilbara Blend Fines Index: $92.01 per tonne cfr Qingdao, down by $1.55 per tonne.MB 62% Fe Iron Ore Index-Low Alumi...Read More
* FTSE 100 about flat* FTSE 250 down 0.3 pct * Mining shares hit as Vale set to reopen Brazilian mine * Bunzl plunges after first-quarter update * Mediclinic surges on mid-caps (Adds company news items, updates to closing prices)By Muvija M and Samantha MachadoApril 17 (Reuters) - Britain's FTSE 100 was off itssix-month high as a fall in miners over Vale's plans to reopen amajor Brazilian mine off...Read More
BHP has lowered its iron ore production guidance and raised costs expectations for the 2019 financial year amid disruption to operations caused by a cyclone that hit the west coast of Australia last month.The miner expects its iron ore operations to produce 265-270 million tonnes (at 100% basis) in the 2019 financial year, down 4.6% from its earlier estimate of around 273-283 million tonnes. The l...Read More
Prices for billet and rebar in the United Arab Emirates were stable this week amid continuing weak demand, sources told Fastmarkets on Tuesday April 16.Domestic rebar Local rebar producers in the UAE kept their prices unchanged for May production, with demand expected to remain poor due to the Islamic holy month of Ramadan starting early in the month. Observance of Ramadan among Muslim communities...Read More
China's domestic rebar prices dipped on Wednesday April 17 amid higher selling interest among traders. Domestic Eastern China (Shanghai): 4,050-4,100 yuan ($603-611) per tonne, narrowed downward by 30 yuan per tonne Northern China (Beijing): 4,030-4,060 yuan per tonne, widened downward by 10 yuan per tonneRebar traders lowered their prices slightly during the day to secure more sales. The lower pr...Read More
By: Dave KranzlerThe current stock market is the most dangerous stock market I have seen in my 34+ year career as a financial markets professional. This includes 1987, 1999-2000 and 2007-2008. The run-up in stocks has been largely a product of momentum-chasing hedge fund algos on behalf of the large universe of sophisticated hedge funds which are desperate for performance. In the context of the...Read More
COLORADO SPRINGS, April 17, 2019 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") reports preliminary production results for the first quarter ended March 31, 2019 of approximately 6,538 ounces of gold, 364,653 ounces of silver and significant base metals. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in O...Read More
By: Craig Hemke, TF MetalsSix years ago this week, COMEX gold and silver prices were deliberately smashed in order to take out critical support levels that had held since 2011. The parallels to present day circumstances are obvious and must be fully considered.The key to understanding this is to recognize that the situation in 2019 is reminiscent of 2010. We've been writing about this for months...Read More
"A bully is always a coward."~ Thomas Chandler HaliburtonThe current market rally is like a playground bully; shoving to the ground anyone in its path.But like all bullies, the braggadocio belies an underlying cowardice.Those in charge of the status quo must be absolutely terrified to resort to the unnatural lengths they are going to right now to keep the current rally intact.Unnatural ActsIn re...Read More
By: IRA EPSTEINRead More
Andrew Wray Appointed President and CEOTORONTO, April 17, 2019 /PRNewswire/ - Golden Star Resources Ltd. (NYSE American: GSS; TSX: GSC; GSE: GSR) ("Golden Star" or the "Company") announced today that Sam Coetzer will be leaving the Company as of April 30, 2019, and that the Board of Directors has appointed Andrew Wray as President and Chief Executive Officer, effective May 1, 2019."Aft...Read More
Ferro-silicon prices in the Chinese domestic market held steady last week despite elevated April tender prices from steel mills, while export offers in the country sank due to an influx of imported material into Asian markets. Meanwhile, US ferro-silicon prices softened slightly amid low levels of spot activity. Chinese domestic ferro-silicon prices stable despite higher April mill tender prices C...Read More
Visit Louis Cammarosano's Channel - https://www.youtube.com/channel/UCdXB...Louis Cammarosano of Smaulgld is a gold and silver expert, former Wall St lawyer and former Silicon Valley executive.Read More
Link to the Slides and Sources: https://www.itmtrading.com/blog/etf-e...What will wall street do when a flood of ETF redemptions enters the markets? Halt trading. In other words, you are not getting out. What are the smartest guys on money and markets doing for their "safe" money? Buying gold. In fact, major fund managers have now joined the growing list of gold buyers. The pattern shown by the ch...Read More
"Everybody owes everybody, and all you need is one link in the chain to break. All you need is one entity that cannot make good on what they promised."Bill Holter is currently a writer for Miles Franklin and Jim Sinclair's Mineset where he posts weekly commentaries on gold and financial markets. Prior to joining Miles Franklin in 2012, Bill Holter Worked as a retail stockbroker for 23 years, inclu...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
The US should step away from belligerent rhetoric and wind down its wasteful militaristic policies, former congressman Ron Paul told RT, after its Secretary of State accused Beijing and Moscow of bankrolling the Venezuelan leader.Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bes...Read More
Jason talks about how current Chicago Fed president Charlie Evans and former president of the Federal Reserve Bank of Minneapolis from 2009 to 2015, Narayana Kocherlakota, gave speeches or wrote Bloomberg Op-Ed articles on Monday about how the Federal Reserve should start to immediately target a much higher inflation rate than 2%! YIKES!!!!Inflation rates in many US cities are already at alarmingl...Read More
The New York Times recently partook in a facial recognition experiment that took advantage of three live-stream cameras in central Manhattan, to find out how easily they could match passers-by to public profiles and pictures. Investigative journalist Ben Swann joins In Question to unpack this with RT America's Manila Chan. Read More