Domestic prices for rebar in Poland have moved down over the past week, reflecting an anticipated fall in scrap costs, sources told Fastmarkets on Friday May 10.Fastmarkets' weekly price assessment for domestic 12mm B500B-grade rebar in Poland moved down to 2,170-2,240 zloty ($566-584) per tonne ex-works on May 10, from 2,210-2,270 zloty per tonne ex-works a week earlier.The assessment reflected d...Read More
The ongoing trade talks between the United States and China kept buyers on the sidelines on Friday May 10, sources said, with market participants expected to wait for clearer price direction before returning.Export prices were flat on Friday, but are expected to continue to face downward pressure due to the depreciation of the Chinese yuan against the US dollar. Falling domestic pri...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar East China, domestic, grade...Read More
The global ferrous scrap trade continued to soften during the week ended Friday May 10 due to negative sentiment and weak demand in the major markets. Political disturbances in Turkey put more pressure on mills US export prices on both coasts fall Lower Kanto tender, Turkish lira drive down spot prices in Asia Indian market still subdued by general election process.Turkey importsTurkish steel prod...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 185,801110,39073,060142,078238,437400,939421,887 Change from Prior Reporting Period 8,526-66616,755-5,2102,83720,07118,926 Traders 18070795460261185 Small Speculators LongShortOpen Interest 49,10028,152450,039 -431,10220,028 non reportable positionsChange...Read More
The US stock markets sure feel inflectiony, at a major juncture. After achieving new all-time record highs, sentiment was euphoric heading into this week. But those latest heights could be a massive triple top that formed over 15 months. Then heavy selling erupted in recent days as the US-China trade war suddenly went hostile. The big US stocks' just-reported Q1'19 fundamentals will help...Read More
By: Egon von GreyerzMy long standing target for gold of $10,000 in today's money and much, much higher in inflationary terms, is now more probable than ever. But I hope it will never be achieved. When gold goes to $10,000, it won't be under the same circumstances that we saw in the 1970s. Gold then went from $35 in 1971 to $850 in January 1980 - a 24x explosion in very different conditions.In th...Read More
The price of shredded ferrous scrap imported into India dropped by $6 per tonne this week, reflecting a souring of market sentiment, sources said. Fastmarkets MB's weekly index for containerized imports of shredded scrap into India went down by $6.56 per tonne to $325.03 per tonne cfr Nhava Sheva on Friday May 10 from $331.59 per tonne cfr Nhava Sheva a week previously.Deals heard on the market fo...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
Andrew Park, senior editor at S&P Global's LCD unit, joins Grant's to discuss all things credit.1:35 The current cycle: What's different?5:45 CDOs in 2008 and CLOs today. Similarities and differences12:01 Promised acquisition strategies: Dreams don't always come true15:55 Credit managers need new supply, and borrowers happy to obligeJames "Jim" Grant is an American writer and publisher and the fou...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she was recruited to work for an intern...Read More
Since its release in 2009, James Cameron's Avatar has held the all-time box office record for nearly a decade. With a budget of $300 million and an additional $150 million Continue...Read More
The Brucutu iron ore mine from Brazilian company Vale is currently operating on dry stacking at less than a third of its capacity, the miner's chief financial officer Luciano Siani said in an earnings conference call on Friday May 10."We are currently producing [at a rate of] a little less than 10 million tonnes [per year] at Brucutu," the executive stated. The mine has an output capacity of aroun...Read More
Gold's unique properties cause humans to go to extraordinary lengths to protect and preserve it. From the British moving their gold in the face of Nazi Blitzkrieg to the Tiger of Malay, Grant Williams walks through some of the most incredible tales of the yellow metal. This video is excerpted from a piece published on Real Vision on February 23, 2018 entitled "Gold: The Story of Man's 6000 Year Ob...Read More
Jason Burack of Wall St for Main St interviewed returning guest, Sandstorm Gold https://www.sandstormgold.com/ President, CEO and Director, Nolan Watson. Jason asks Nolan about the state of the primary gold and silver miners. Unfortunately, silver miners are back in big trouble again. Nolan Watson provides great insights into his latest deals, the gold mining industry and also the royalty and stre...Read More
Transaction prices for CIS-origin billet have gone down this week, with buyers continue to insist on lower prices, sources told Fastmarkets on Friday May 10.Fastmarkets' daily CIS export billet index was $420 per tonne fob Black Sea on May 10, down by $2 per tonne day-on-day.A Ukrainian steelmaker was reported to have sold a significant volume of material to Asia at $420 per tonne fob Black Sea.Ru...Read More
Canada's Lundin Gold (TSX:LUG) on Friday provided an update on its flagship Fruta del Norte project in Ecuador, reporting overall construction was 59% complete."This is a pivotal year for Lundin Gold as we move from construction to production at Fruta del Norte. During this quarter we accomplished two major milestones with the underground development reaching the orebody and introduction of the fi...Read More
Vancouver-based Kore Mining (TSXV: KORE) this week received a $4 million investment by Macquarie Bank to advance permitting of the Imperial gold project in California. Kore owns a 100% interest in the development project in the mining district of Imperial County. The property is about 17km south east of the operating Mesquite Mine recently acquired by Equinox Gold for $158 million. Macq...Read More
The Young Mining Professionals (YMP) is bumping up its YMP Scholarship Fund for the 2019-20 academic year for students in mining-related university programs in Canada.The YMP Scholarship Fund is a a registered charity that donates 100% of its receipts to students via this scholarship program, and is eligible to offer tax receipts to its donors. These latest scholarships are being funded by Barric...Read More