Alloy-grade cobalt prices maintained their premium over standard-grade during the first half of this week amid a limited supply of cut cathode for spot market inquiries. Fastmarkets assessed the standard-grade cobalt price at $15.90-16.95 per lb, in-warehouse, on Wednesday April 24, up 1.5% from the previous week's assessment. Alloy-grade metal continued to trade at a premium but saw sli...Read More
Acacia Mining Plc reported a slump in underlying core earnings on Thursday as it struggled with production issues at its North Mara gold mine in Tanzania, where it said pressure was building for a settlement of its row with the government.Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania. It has cut output by a third since the government banned the ex...Read More
It's never just been about the money.Although the money has been really, really good.As you know, I've been helping investors like you make huge fortunes in the cannabis space for nearly five years now. And I take great pride in that.Knowing that one of the members of my Green Chip Stocks community invested $40K into Canopy Growth Corporation (TSX: WEED) when I first recommended it, then unloaded...Read More
Chinese cobalt sulfate prices were unchanged mid-week after their retreat on Friday April 19, but waning buyer interest and concerns over the surplus dynamics of key raw material cobalt hydroxide will continue to weigh on cobalt sulfate prices, market participants told Fastmarkets MB.Fastmarkets MB assessed the Chinese cobalt sulfate price at 51,000-54,000 yuan ($7,587- 8,033) per tonne on April 2...Read More
China's hot-rolled coil exporters lowered their prices on Thursday April 25 despite domestic prices remaining largely unchanged, partly due to limited trading activity.DomesticEastern China (Shanghai): 3,990-4,000 yuan ($594-595) per tonne, unchangedNorthern China (Tianjin): 3,900-3,920 yuan per tonne, unchangedAlthough prices were stable nationwide, trading was limited, with market part...Read More
As we noted in our April 24th US market update for INK subscribers, transportation industry insiders are not along for the stock market's trip to new highs. Indeed, as the market sets sail in search of new highs, transportation industry insiders have completely jumped ship. Given the group's savvy ability to spot both opportunity and adversity last year, it is worth reiterating the message they a...Read More
The import price for steel billet in Egypt fell in the week to Thursday April 25, on declining demand caused by uncertainty over the imposition of import duties.Demand for imported rebar was also down and domestic rebar prices increased as a result.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $445-450 per tonne cfr on Thursday, falling from $450-455 per tonne cfr l...Read More
Domestic long steel prices in Turkey have increased despite sluggish demand with the country's lira weakening against the US dollar, sources said on Thursday April 25.Fastmarkets' weekly price assessment for domestic rebar in Turkey was TRY3,240-3,340 ($552-569) per tonne ex-works on Thursday, up from the TRY3,220-3,290 per tonne of last week.The mills in the Izmir region were offering rebar to th...Read More
Turkish rebar and wire rod export prices have remained stable over the past week with demand limited by trade blockages in the major markets, sources said on Thursday April 25.Turkish steel producers were offering rebar for export at $480-485 per tonne fob on an actual weight basis, while a few customers were bidding less than $475 per tonne.Fastmarkets' weekly price...Read More
The market for pig iron exports from the Commonwealth of Independent States (CIS) has fallen into a lull for late April-early May holidays in the United States, Europe and the CIS, Fastmarkets heard on Thursday April 25.Fastmarkets' price assessment for CIS exports of high-manganese pig iron was $330-340 per tonne fob Black Sea on Thursday, down by $5 per tonne week on week.No trading activity was...Read More
Swedish iron-ore pellet producer LKAB expects continued strong demand for iron ore pellets for the remainder of 2019, it said on Thursday April 25."Prices for iron ore with a high iron content and for highly upgraded iron ore [products], such as LKAB's iron ore pellets, are at the same time continuing to increase, relative to iron ore with a lower iron content," LKAB said.Fastmarkets' MB 65% Fe Br...Read More
By: IRA EPSTEINSpecial Video in lieu of the daily metals update: Moving Averages:Read More
Dear Trader,I was recently on the Keiser Report with Max Keiser discussing Why Deflation, Not Inflation, Will Do Us In.(Interview begins just after the 14-min. mark)No one disputes that Americans owe far more than they will ever be able to repay. This includes future obligations to ourselves, such as Social Security, and public and private pension plans. Some believe "the Government" will...Read More
By: Gary ChristensonOur Current Financial Circumstances:The U.S. is $22 trillion in debt and burdened with $100 - $200 trillion more in unfunded liabilities. Just to pay the interest the U.S. must borrow. Debt is rapidly rising and cannot be paid unless "they" default or hyper-inflate the dollar.Chairman Jerome Powell stated, "The U.S. federal government is on an unsustainable path." Even the Fe...Read More
The Turkish steel producers have continued their silence in the deep-sea scrap markets because of the low levels of demand for finished steel in both the export and domestic markets, sources said on Thursday April 25.Some suppliers in the Baltic Sea region were offering HMS 1&2 (80:20) at prices around $310 per tonne cfr, but the mills were not willing to buy any scrap cargoes before selling some...Read More
Bob's website: tradegeniusacademy.comRead More
Known primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financial markets, and greater economic trends.Read More
Jordan Roy-Byrne joins me for a look into the precious metals markets. We start with the gold stocks that are bouncing back after 9 straight days of downward movement. This is all with the gold price staying fairly steady and the USD breaking out to the upside. The precious metals continue to be a mixed bag of good and bad drivers.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member o...Read More
For Part 1 of this interview, CLICK HEREMax Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this te...Read More
Privacy advocates are sounding alarms about Amazon's Alexa device. A few weeks ago, the commands users were giving to their "smart devices" Continue...Read More