"Is there a market bubble?" That's the question I'm asked repeatedly. When I reply honestly, "I hope so," the person asking me will sometimes get angry."You want the market to crash?" asked one young man incredulously, at an event where I was a featured speaker."Yes," I replied. "I love market crashes."Apparently not wanting to hear the rest of my explanation, he stomped off muttering something li...Read More
The stock market resumed today where it ended last week - with bears pressing the attack.The Dow Jones broke below the 24,000 mark today for the first time since March.It ended the day down 507 total points, to close at 23,593.Percentage wise, both S&P and Nasdaq were hard on its heels.We have it on official word:Not since 1980 have the three major indexes turned in such a woeful December.By J...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreVale, Global Ore, 170,000...Read More
ELKO, Nevada, December 18, 2018 /PRNewswire/ --- Master of Science Thesis in Geology done by Gabriel E. Aliaga, University of Nevada, Reno under Dr. Michael W. Ressel, sponsored by U.S. Gold Corp. - Title of Thesis, 'Igneous Geology of the Keystone Window, Simpson Park Mountains, Eureka County, Nevada: Age, Distribution Composition and Relationship to Carlin-style Gold Mineralization' - This...Read More
Seaborne iron ore prices fell below $70 per tonne cfr China on Tuesday December 18 amid expectations of more stringent implementation of steelmaking restrictions in China.MB 62% Fe Iron Ore Index: $69.03 per tonne cfr Qingdao, down $1.44 per tonne. MB 62% Fe Pilbara Blend Fines Index: $68.83 per tonne cfr Qingdao, down $1.44 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $71.58 per tonne cfr Qin...Read More
The conventional definition of a Bear is someone who expects stocks to decline. For those of us who are bearish on fake fixes, that definition doesn’t apply: we aren’t making guesses about future market gyrations (rip-your-face-off rallies, dizziness-inducing drops, boring melt-ups, etc.).No, we’re focused on the impossibility of reforming or fixing a broken economic system.Many...Read More
The seaborne coking coal spot market was largely stable on Tuesday December 18 with offers not deviating too far from recently transacted prices.Top Australian brands were heard offered around $210-212 per tonne cfr China while a cargo of second-tier hard coking coal was heard offered around $197 per tonne cfr China."There may be some interest for [seaborne coking coal] cargoes arriving in Decembe...Read More
Are we in a recession already?The cheerleaders in the mainstream financial press assure us the economy is going gangbusters. But recessions are typically only visible to statisticians long after the fact. They are, however, often visible in real time on the ground.Business volume drops, people stop buying houses and vehicles, restaurants that were jammed are suddenly half-empty and so on.There are...Read More
China's iron ore futures bucked the downtrend seen across the rest of the ferrous futures market during morning trading on Tuesday December 18 amid relative stability in the physical prices for the steelmaking raw material in recent days.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,399 yuan ($493) per tonne, down 24 yuan per tonne May hot-rolled coil: 3,416 yuan...Read More
This week I've been in Washington, D.C. for high level meetings focused on the economy. While meeting with senior officials and members of the House and Senate, it became clear that a troubling phenomenon is building.Your correspondent at the Eccles Federal Reserve Board Building in Washington D.C.In the wake of recent stock market volatility and uncertainty surrounding monetary policy, it seems t...Read More
The Comex copper price tumbled to a multi-week low in morning trading on Tuesday December 18, with reduced liquidity, trade war fears and questions about US monetary policy pressuring the price lower.The copper price for March settlement on the Comex division of the New York Mercantile Exchange tumbled 5.35 cents to $2.7010 per lb. The contract hit a low of $2.6930 per lb, its weakest since Novemb...Read More
A few years ago, Standard Chartered made a decision to integrate itself more fully into the supply chains of its clients. The goal: use technology to connect into its clients' ecosystems, upending the traditional model of banking services."There was a realization a few years ago that businesses are evolving and they're evolving quite rapidly - we've seen that in a number of industries and there's...Read More
The three-month base metals prices on the London Metal Exchange were for the most part little changed this morning, Tuesday December 18. The exceptions were copper and tin that were both down by 0.4%, with copper at $6,104.50 per tonne.The rest were either unchanged or up between 0.1% and 0.2%. Considering the weakness in US equity markets on Monday, it is surprising that the metals have not been...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Tuesday December 18.Base metals prices on the Shanghai Futures Exchange had a mixed start on Tuesday, with market participants remaining cautious ahead of a major speech by Chinese President Xi Jinping. Copper prices were little changed, aluminium and zinc prices edged up, while the rest of th...Read More
Congratulations to the Colorado School of Mines graduating class of 2018. This video highlights parts of the undergraduate and graduate commencement ceremonies that took place on Dec. 14 at Lockridge Arena. Read More
The Chinese ferro-silicon market held in the week ended Friday December 14 but market participants expect it to come under pressure due to slower demand in the near term; meanwhile the European quotation held steady despite no reported trades in the assessed period. China ferro-silicon price holds; market eyes higher stocks, lower prices Europe held in price range in stable conditions ...Read More
Fifty years ago, Golden residents buried a time capsule in front of City Hall, next to the city's Liberty Bell, with instructions that it be opened on Nov. 11, 2018. It was the city's second time capsule, the first buried in 1918 to commemorate the end of World War I and opened 50 years later on Nov. 11, 1968. Flash forward to today, and Veteran's Day 2018. As part of the city's celebration of t...Read More
The earlier uptick in the Chinese ammonium paratungstate (APT) price faltered in the week ended Friday December 14, while both European and Chinese ferro-tungsten markets were stable due to the end-of-year trading lull. APT fob price in China moved down due to low overseas buying interest amid falling prices in the domestic market. Chinese tungsten concentrate price unchanged. Ferro-tun...Read More
The Ontario Securities Commission has fined Katanga Mining (TSX: KAT) along with former members of its board of directors, including Aristotelis Mistakidis, Glencore's (LON: GLEN)'s head of copper trading, for disclosure violations and internal control failures that led to the company making misleading financial disclosure to investors.In a settlement with the Ontario Securities Commission today,...Read More
Constantine Metal Resources (TSXV: CEM; US-OTC: CNSNF) has boosted the overall tonnage at its Palmer polymetallic project in southeast Alaska by 43% with a maiden resource for the project's AG zone.The AG zone, located 3 km from the main Palmer deposit, contains 4.25 million inferred tonnes grading 4.64% zinc, 0.12% copper, 0.96% lead, 119.5 grams silver, 0.53 gram gold and 34% barite, or 9.04% zi...Read More