Import prices for rebar and billet in the United Arab Emirates (UAE) went down this week due to the weak demand caused by high stocks levels, sources told Fastmarkets on Tuesday December 11.Domestic rebarThe country's largest producer, Emirates Steel, was still offering rebar at 2,016 dirhams ($549) per tonne ex-works for December production, while Conares Steel was offering rebar at 1,990 dirhams...Read More
In a wide-ranging conversation, Bob Moriarty of 321 Gold discusses with Maurice Jackson of Proven and Probable geopolitics, economics, Bitcoin, precious metals and more. Maurice Jackson: Joining us for conversation is Bob Moriarty, the founder of 321 Gold and 321 Energy.com, and also the author of two of my personal favorite books, "The Art of Peace," and "Nobody Knows Anything." Mr. Moriarty, we...Read More
Precious metals expert Michael Ballanger discusses the role of silver historically as well as recent moves in the market. Could there have ever been constructed four finer sentences strung together for the purpose of defining eight items related to money and social standing than the following?"Gold is the money of kings. Silver is the money of gentlemen. Barter is the money of peasants. And debt...Read More
A junior holds a large tract of land in an area that has seen artisanal gold mining for generations that could turn out to be a major copper porphyry belt. Drilling at CajueiroA decade ago, what is now Altamira Gold Corp. (ALTA:TSX.V; EQTRF:OTCBB) started out as a private company called Alta Floresta Gold, which held a mineral property package in the heart of Brazil. In 2015, Alta Floresta Gold v...Read More
Fund manager Adrian Day discusses a young precious metals royalty company that has accomplished a lot in a short time. Technical analyst John Newell of Fieldhouse Capital Management provides charts. Streetwise Reports: Adrian Day Asset Management holds various precious metals royalty companies. Would you tell us about one young royalty company that your fund holds? Adrian Day: I like the royalty...Read More
The mine remains on schedule for first gold delivery in the second half of 2019. Victoria Gold Corp. (VIT:TSX.V) has recently provided two updates on its Canadian property: one on the Eagle mineral resource and another on construction work at the project. According to a news release, the updated mineral resource at Eagle encompasses results from 58 drill holes and core holes, all done after the...Read More
Bill Pincus, president and CEO of Miramont Resources, speaks with Maurice Jackson of Proven and Probable about his company's latest exploration efforts in Peru. Miramonte Cerro HermosoMaurice Jackson: Joining us for a conversation is Bill Pincus, the president, director and CEO of Miramont Resources Corp. (MONT:CSE; MRRMF:OTCQB), which is developing new opportunities in world-class mining distric...Read More
BMO Capital Markets report reviewed the longer-term metrics. In a Dec. 6, 2018, research note, analyst Andrew Kaip reported that Newmont Mining Corp. (NEM:NYSE) gave updates on its 2019 and longer-term outlook, with next year's numbers being generally "in line" with some variations. Production and capital requirements came in higher and all-in sustaining cost (AISC) lower than BMO's forecasts. Ka...Read More
Market pessimism weighed on China's rebar prices in both the domestic and the export market on Tuesday December 11. Domestic Eastern China (Shanghai): 3,770-3,800 yuan ($546-550) per tonne, down 20-30 yuan per tonneNorthern China (Beijing): 3,470-3,500 yuan per tonne, down 30 yuan per tonneBuyers kept procurement rates low amid bad weather, with work suspended at many construction sites in no...Read More
A few years ago the Swiss National Bank (SNB) - which traditionally held "monetary assets" like government bonds, cash and gold to back up the Swiss franc - decided to branch out into common stocks.Continue...Read More
China's ferrous futures moved in different directions during morning trading on Tuesday December 11, with steel and coke futures prices moving up while that of coking coal fell.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,306 yuan ($478.70) per tonne, up 17 yuan per tonneMay hot-rolled coil: 3,281 yuan per tonne, up 23 yuan per tonneDalian Commodity Exc...Read More
"Very productive conversations going on with China! Watch for some important announcements!"Continue...Read More
Chinese exporters of ferro-vanadium and vanadium pentoxide (V2O5) have significantly cut offer prices to stir up some buying interest overseas, while European traders continued to take profits, applying further pressure on ferro-vanadium prices. Chinese exporters slash offers to promote buying interest Europe FeV market continues to suffer from profit-taking Europe V2O5 market plummets following F...Read More
A free tool can help traders bank big this earnings season.We are in middle of Earnings season, which means the time to bank some big wins is now.Tech stocks (AAPL, FB and BIDU) just released Earnings few days ago, and you need to position yourself now in order to make maximum profit from it.One company can help any investor do just that.They've developed a tool that predicts volatility based on...Read More
China's largest steel mill, Hebei Steel, has cut its monthly purchase price for silico-manganese, reversing the rise seen in last month's tender. The mill has offered to buy silico-manganese at 8,950 yuan ($1,296.81) per tonne for December delivery. The price includes delivery costs and payment through an acceptance draft, according to market sources in China. The latest tender is about 150 yuan l...Read More
China will reportedly reduce its tariffs on U.S. autos The wild ride continued for stocks, as the Dow, S&P 500, and Nasdaq all traded on both sides of breakeven throughout the day. Stocks jumped out to a big lead on encouraging China trade news, only to give those gains back later in the day, after President Donald Trump threatened a government shutdown while battling Senate Minority Leader Chuck...Read More
Evidence of a looming financial crisis may be growing, according to Harry Dent.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and China's recent stock market decline - years before they happened - has issued a new earth-shattering statement:"The Dow is set to embark on a catastrophic plunge...all the way down to 6,000."Harry Dent recently explained: "Nations are...Read More
It's been another wild day on Wall Street, and these three stocks are no exceptionAfter trading higher most of the day, U.S. stocks have turned lower, marking another session of intense volatility. Three names in particular making big moves are online styling platform Stitch Fix Inc (NASDAQ:SFIX), drugmaker Portola Pharmaceuticals Inc (NASDAQ:PTLA), and regenerative tissue specialist PolarityTE In...Read More
The oil ETF hit a record low earlierThe VanEck Vectors Oil Services ETF (OIH) is failing to capitalize on an up day for oil prices. After bottoming at a record low of $16 earlier, the fund -- whose main holdings include Schlumberger (SLB) and Halliburton (HAL) -- was last seen trading down 2.7% at $16.18, pacing for a fifth straight loss. This follows downwardly revised 2018 and 2019 oil price for...Read More
UG2 chrome ore suppliers are cutting offer prices to attract year-end business in China. UG2 prices drop in ChinaChinese domestic ferro-chrome prices slide, import prices steadyAlloy prices unchanged in Japan, South KoreaAlloy prices tick up in EuropeAlloy prices flat in the US UG2 chrome ore prices continued to soften in China in the week ended Friday December 7 due to suppliers cutting offer pri...Read More