Ontario's Government for the people is investing more than $500,000 in two manufacturing companies in the Timiskaming Region, creating 12 full-time positions and retaining another 93 full-time jobs."We are committed to creating and protecting jobs and boosting local economies across Northern Ontario," said Greg Rickford, Minister of Energy, Northern Development and Mines. "By investing in manufact...Read More
Benchmark prices for cobalt metal continued to recover through April 2019, although lackluster gains for cobalt sulfate were a sign of continued oversupply at points along the supply chain.Price movesThe benchmark standard-grade cobalt prices showed a month-on-month increase in April for the first time since October, with consumers and traders starting to restock, and producers facing less urgency...Read More
Australian lithium spodumene concentrate producer Mineral Resources has announced lower first-quarter spodumene production at its Mount Marion mine in Western Australia. It produced 106,683 tonnes of lithium spodumene concentrate, at the Mount Marion operation in the south-central region of the state, in the January-March quarter, down by 7.23% from the 115,000 tonnes produced in the previous quar...Read More
Alliance Mineral and Jiangxi Special Electric Motor have signed a non-binding MoU to jointly produce and sell battery-grade lithium hydroxide.Australian lithium spodumene concentrate producer Alliance Mineral and lithium and electric vehicle producer Jiangxi Special Electric Motor signed a non-binding memorandum of understanding on Friday April 26 for a 50:50 joint venture to produce and sell batt...Read More
Chinese steel plate export prices dropped in the past week as mills chased orders amid sparse trading.Fastmarkets MB's assessment for June shipments of commercial-grade, chromium-added plate was $540-547 per tonne fob for the week ended Tuesday April 30, down $3-5 per tonne from $545-550 per tonne fob the week prior.An eastern China-based trader sold some plate of small tonnages (less than 1,000 t...Read More
Every investor with a dime in the market has followed Warren Buffett at one point or another during his 78-year investing career.Seeing the Oracle of Omaha amass an $88.1 billion fortune, who wouldn't?What you may not realize, however, is that Buffett's first move in the investing world was one he's gone back to time and again.Warren's first trade was an oil stock.At the time, he was trying to cap...Read More
Domestic prices for hollow steel sections in both Northern and Southern Europe moved down this week following continued feedstock price decreases and lackluster demand, sources told Fastmarkets on Wednesday May 1.The market has been quiet this week, largely due to the May 1 public holidays in many European countries, but also because of the previous slowdown for the Easter break across the co...Read More
The UK government has agreed to provide long steel producer British Steel a loan worth ?120 million ($156 million) to cover the annual bill from the EU for the company's carbon emissions, government business secretary Greg Clark told the UK Parliament on Wednesday May 1."British Steel approached my department earlier this year to explain that the absence of the expected 2019 free allowances left...Read More
Steel H-beam prices in Northern and Southern Europe moved down this week on lower feedstock costs and weaker demand, sources told Fastmarkets on Wednesday May 1.Fastmarkets' assessment of the price for domestic S235-grade, 200x200mm, category-2 H-beam in Northern Europe moved down to ?,?590-625 ($661-700) per tonne delivered on May 1, from ?,?590-635 per tonne delivered on April 24.High stock leve...Read More
By: Keith Weiner The bid-ask spread of both (spot) gold and silver has blown out. Both, on March 1.In gold, the spread had been humming along around 13 cents gold is the most marketable commodity, and this is the proof, a bid-ask spread around 1bps until... *BAM!* It explodes to around 35 cents, or two and half times as wide. On the same day, silver went from half a cent to 1.5 cents, or about...Read More
Bob Hoye & Chris Waltzek Ph.D. - April 30th, 2019. * .Mp3HighlightsBob Hoye, Editor & Chief Investment Strategist of Charts and Markets.com rejoins the show with must-hear commentary. FOMC policymakers set the overnight lending rate this week. The current FFF at the CME which indicates the Fed could begin a new round of QE within a year. There are strong probabilities of a rate cut by Dec. / J...Read More
By: Dave KranzlerThe semiconductor stocks continued melting up last week until Intel threw some cold water on the Dutch tulip bulb price-chasing party. TXN reported Tuesday after the close. Revenues declined 5% from the year-earlier quarter. The management stated that "demand continued to slow across most markets. TXN then said Q2 revenues would drop 10% from Q2 2018. It said earnings would be d...Read More
By: Richard (Rick) Mills, Ahead of the herd "Whoever has an army has power." - Mao Zedong In March Italy broke ranks with its EU partners in joining China's Belt and Road Initiative, known also as One Belt, One Road or the New Silk Road. Students of history know the original "Silk Road" refers to the ancient network of trading routes between China and Europe, which served as both a conduit fo...Read More
By: Gary ChristensonI'll show you real money. It looks like this: Those circulating dollar bills, euros, pounds, and yen are DEBTS (notes) issued by central banks to extract wealth from citizens and the economy, dilute the purchasing power of the currency, and nourish the banking cartel.From Graham Summers:"The problem of course is once it has done this [created the 'everything bubble'], the F...Read More
*This interview was recorded on 3/8/19Jeff Gundlach, founder and CEO of DoubleLine Capital, explains how the lack of original thought and analysis is causing polarization, leading to uncertainty around the world. Jeffrey Gundlach is the Chief Executive Officer and Chief Investment Officer of DoubleLine Capital. He is recognized as an expert in bond and fixed income investments. His investment stra...Read More
By: IRA EPSTEINGold at an important point, $1,300 resistance - gold at an important juncture:Read More
"The environment we are in now is unlike anything we have seen before in world history. The distortions that exist in this market are hard to get your head around. Again, we have never been here. We do not have any resemblance whatsoever of a free market or a free market economy."Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stear...Read More
Google was down a hellacious 112 points, or 9%, at Tuesday's low, but the plunge did little damage to the bullish look of the weekly chart:The fact that this occurred after the stock had pushed above last July's record high makes the selloff merely corrective rather than impulsive. It was attributable to a dour earnings report which suggested Google is losing ground in advertising to Amazon and...Read More
For Part 1 of this interview, CLICK HEREMaloney and Patrick Byrne (Overstock.com CEO) as they conclude their latest conversation about free markets, free people and sound money.Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world's most highly regarded investment ed...Read More
Ivanhoe Mines has appointed Tony Giardini as its new president, effective immediately. Giardini was most recently the executive vice president and CFO of Toronto-based Kinross Gold, a position which he held since December 2012.Tony Giardini, new president of Ivanhoe Mines. Image courtesy of Kinross Gold's Facebook page.Before joining Kinross, Giardini served as senior vice president and CFO at Ca...Read More