The new 65% Fe iron ore derivatives launched by the Singapore Exchange (SGX) have registered 150,000 tonnes of cleared trades on their first day of trading, the exchange said on Monday December 3. Launched in response to calls for more efficient risk-management tools in the steelmaking raw materials market, and settled against the daily MB 65% Fe Iron Ore Index published by Fastmarkets MB, the SGX...Read More
CloseGain/LossGold $1230.80+$9.10Silver$14.37+$0.20XAU65.84+2.14%HUI148.35+2.29%GDM540.63+1.67%JSE Gold1104.90+6.09USD97.01-0.18Euro133.48+0.28Yen88.07-0.14Oil$52.95+$2.0210-Year2.984%-0.018T-Bond141.3125+0.15625Dow25826.43+1.13%Nasdaq7441.51+1.51%S&P2790.37+1.09% The Metals: Gold gained $13.10 to $1234.80 by late morning in New York before it drifted back lower into the...Read More
A Monday Morning Musing from Mickey the Mercenary GeologistContact@MercenaryGeologist.comDecember 3, 2018 Along with many in the natural resource business, I read Ian Telfer's dire prediction for world gold production in a May 16, 2018 interview with Canada's Financial Post with interest. Here's an excerpt: "Are we not looking for it? Are we bad at finding it? Or have we found it all? My answe...Read More
By Clint SiegnerJPMorgan Chase and a number of other bullion banks are in a whole lot of trouble. Evidence detailing years of rigging markets and swindling clients is piling up.Deutsche Bank pleaded guilty two years ago and forked over hundreds of thousands of documents. John Edmonds, a former JPMorgan trader, entered his own guilty plea last month and turned state's evidence.The carefully culti...Read More
By Dave KranzlerThe market is already fading quickly from the turbo-boost it was given by the announcement that China and Trump reached a "truce" on Trump's Trade War - whatever "truce" means. Last week the stock market opened red or deeply red on several days, only to be saved by a combination of the repetitious good cop/bad cop routine between Trump and Kudlow with regard to the potential...Read More
TSX Venture Exchange (TSX-V): GRGFrankfurt Stock Exchange (FSE): G6A OTCQB Venture Market (OTCQB): GARWFVANCOUVER , Dec. 3, 2018 /CNW/ - Golden Arrow Resources Corporation (TSX-V: GRG, FSE: GAC, OTCQB: GARWF), "Golden Arrow" or the "Company" is pleased to announce that the Company's joint venture partner in Puna Operations Inc., ("Puna") has declared commercial production at the Chinchillas si...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12December 3, 2018"Buy when you are scared to death; sell when you are tickled to death." market maxim (Cabot Market Letter, April 12, 2001) "There's nothing wrong with cash. It gives you time to think." Robert Prechter, Jr. (Elliott Wave theorist...Read More
By John MauldinThis Is NutsFrom Pyramid to RectangleRedefining RetirementDemographic Problems and OpportunitiesPuerto Rico, Cleveland, and Boca RatonIn an increasingly divided world, we all share one great desire: self-preservation. Not just humans, either. The survival instinct exists in almost every living thing. Humans simply have greater ability to do something about it.In fact, we have been...Read More
By Keith WeinerWhat is inflation?Any layman can tell you and nearly everyone uses it this way in informal speech that inflation is rising prices. Some will say "due to devaluation of the money."Economists will say, no it's not rising prices per se. That is everywhere and always the effect. The cause, the inflation as such, is an increase in the quantity of money. Which is the same thing as sayin...Read More
By Gary TanashianThe Fed blinked. This was not news to Macro Tourist Kevin Muir or readers of Biiwii.com, which is very pleased to publish his work.Fed Finally BlinksAmid a weakening global economy, gathering signs of weakening in the US economy and a dump in inflation expectations, Jerome Powell implied that the Fed may be going on hold for a while after a December rate hike.This graph from SG...Read More
By Avi GilburtFor those literary enthusiasts amongst us, you would recognize the title as the line supposedly penned by Mark Twain when it was inquired of him while in London regarding a published obituary written in the United States. However, more accurately, his response to the reporter's inquiry was "The report of my death was an exaggeration." But, I digress.When Mr. Powell reported that...Read More
Back in 2017, when some countries were handing power to populists promising variations of "drain the swamp," France went for continuity with Emmanuel Macron, a young, moderate-sounding technocrat from the world of finance who promised to modernize the country without threatening the elites, the welfare state or the bureaucracy. Fast forward a couple of years and Paris is in flames, literally. Fr...Read More
COLORADO SPRINGS, Colo., Dec. 03, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE - Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced the continued expansion of the Arista Mine's Switchback vein system with intercepts including 16.95 meters of 6.21 grams per tonne (g/t) gold, 80 g/t silver and 4.50% zinc. These new results extend the strike length by approximately 100 m...Read More
By Greg Hunter's USAWatchdog.comThe International Monetary Fund (IMF) previously deemed Deutsche Bank as the most systemically dangerous bank in the world.Professor of Economics and Law, William Black, knows why and contends:"Deutsche Bank (DB) poses as what is called a 'National Champion' bank and the largest bank by far in Germany, but it's actually the largest criminal enterprise in Ge...Read More
Turkish domestic steel scrap prices have continued to weaken in line with the falling prices for steel and imported scrap over the past week, sources said on Monday December 3.Fastmarkets' weekly price assessment for domestic auto bundle (DKP grade) ferrous scrap was TRY1,590-1,780 ($304-340) per tonne delivered on Monday, down from TRY1,650-1,850 per tonne on November 26.Steel producers and a maj...Read More
Just when you thought it was safe to go outside, there's major rioting in Paris and other European cities. Is this a case of they're mad as hell and not gonna take it any more or have we reached a tipping point. Elections seem to produce the most unlikely of candidates who say many things but do the same old stuff once they arrive in office. What's an Austrian Economist to do? And what about Trump...Read More
Buying activity in most of the export outlets for CIS billet remained quiet at the beginning of December, with customers still getting over the shock caused by the sharp drop in Chinese billet prices last week.Besides that, customers in Egypt, one of the major outlets for CIS billet, were cautious because of the possible introduction by the Middle Eastern country of safeguard measures against stee...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
Microsoft wants "Silicon Valley to know just how ethical and honorable a tradition the military has."Continue...Read More
The books "caution students to avoid friendship with members of other religions [...] encourage both violent and non-violent jihad against non-believers [and] espouse the Continue...Read More