Jun 18, 2019 Guest(s): Will Rhind CEO, GraniteShares Chances are skewed in gold's favor, as it is more likely than not that the Fed will maintain their dovish stance, this according to Will Rhind, CEO of GraniteShares. "The expectations, in terms of the market right now, are so overwhelmingly for a rate cut that we have, right now from a probabilities perspective, more chance of rates going to z...Read More
It's my firm belief that most Americans are living in a fantasy world where a superhero named President Trump is going to negotiate fabulous "America-first" trade deals with cowering governments around the world... and Americans will then magically relive the 1950s with massive GDP growth, even while QE to infinity becomes as American as apple pie.The reality of the situation is almost the exact o...Read More
A summary of base metals premiums from across the globe for the week to Tuesday June 18.Please click...Read More
Weekly Reports |Jun 18 2019New regulations in Japan may see the few reactors that have restarted to date temporarily forced to shut down again.-Tougher Japanese regulations-U3O8 spot price reacts-Global nuclear growth acceleratesBy Greg PeelIn "news you don't want to hear", if you are a uranium producer or investor, last week the Japanese Nuclear Regulation Authority approved new rules that may fo...Read More
Base metals traded on the London Metal Exchange had all closed up by the afternoon kerb on June 18 after the potential US Federal Reserve interest rate cuts inspired a bullish sentiment. The optimism for the complex may be short lived however, because market consensus has already deemed this flurry of activity as a short-covering exercise before the US Fed and Federal Open Markets Committee (FOMC)...Read More
Fastmarkets' assessed nickel full plates cif Shanghai premium increased 69% week on week on Tuesday June 18 due to an open import arbitrage between London and Shanghai, hitting an historic high since Fastmarkets launched the premium in April 2016. Fastmarkets assessment of the low-high premium for 99.8% purity nickel, full plate, cif Shanghai surged to $350-410 per tonne on Tuesday June 18 from $2...Read More
Havens in, tech stocks out may be the theme for Friday. Investors seem eager to insure themselves against geopolitical tensions that have flared up in the Middle East and Hong Kong this week, with gold vaulting on Friday. Meanwhile, U.S. technology stocks might not win any popularity contests as a red flag cropped up over how the trade war is biting that industry. Tech conglomerate Broadcom is s...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended up 353 points after President Donald Trump announced via Twitter that he and China's President Xi Jinping "will be having an extended meeting next week at the G-20 in Japan." Facebook (FB - Get Report) shares were off slightly after it revealed plans for its "Libra" cryptocurrency. Facebo...Read More
Chilean state-owned copper producer Codelco is running its Chuquicamata division at half capacity, due to strike action by three unions at the site in northern Chile.The company is aiming to reach 60% throughput soon, Codelco said on Sunday June 16.The 3,200 employees who are members of the three unions walked out on Friday, but another 1,400 workers are continuing to run operations, Cod...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJune 18, 2019 It’s my firm belief that most Americans are living in a fantasy world where a superhero named President Trump is going to negotiate fabulous “America-first” trade deals with cowering governments around the world... and Americans will then magically relive th...Read More
An open arbitrage window for importing alumina into China failed to attract a flurry of inquiries last week as domestic prices continued to slide, sources told Fastmarkets on Tuesday June 18. "We've heard some inquiries since last week, but no concrete progress after that. Buyers are more reluctant to take imported cargoes now as they are concerned about future losses in a downward trending domest...Read More
The company has no immediate plans to raise equity or issue, but expects the LSE listing to raise Resolute's profile in global investment markets as "the investor base of the LSE has demonstrated a strong appetite for mining stocks and a deep understanding of the African operating environment". The strategy aims to increase its profile in international capital markets and provide access to a...Read More
Chrome ore and alloys prices fell further in China in the week ended Friday June 14 with sentiment remaining bearish. Chinese ore and alloy prices down European high- and low-carbon ferro-chrome prices drop Japan and South Korea alloy prices unchanged US alloys prices stableUG2 chrome ore prices in China weakened for the sixth consecutive week amid weak buying interest and bearish sentiment feedin...Read More
* GRAPHIC-2019 asset returns: (Recasts, adds closing prices)By Zandi ShabalalaLONDON, June 18 (Reuters) - Copper jumped to a three-weekhigh on Tuesday after U.S. President Donald Trump said tradetalks with China would resume ahead of a meeting at the G20summit, raising hopes for a resolution to the damaging conflict.The tit-for-tat trade war between the world's top twoeconomies has sapped demand f...Read More
High-grade manganese ore prices took another dive in China in the week to Friday June 14, while low-grade manganese ore prices showed signs of stabilizing following a recent downtrend. High-grade manganese ore prices drop, low grade weakens more slowlyChinese silico-manganese prices reboundIndian silico-manganese prices claw back lossesFerro-manganese hits 2019 low in Europe Fastmarkets' 44% mang...Read More
Terrafame will be the main supplier of battery-grade refined nickel products to the European electric vehicle (EV) market when demand penetrates the continent, company CEO Joni Lukkaroinen told Fastmarkets in an interview on June 5.Finnish multi-metal company Terrafame, which is 22.7% owned by Dutch commodity trading company Trafigura, has been ramping up nickel and cobalt production for the past...Read More
Turkish steel producers have paused their deep-sea purchases after a buying spree over the past week, sources said on Tuesday June 18.Mills started to book scrap last week following a downturn in prices due to oversupply and softening domestic values in the United States. Turkish steel mills booked eight deep-sea cargoes last week and one at the...Read More
By: Ira EpsteinGold consolidating gains?Read More
Click Chart to enlargeI am resuming bitcoin coverage and will treat it as nothing special, since that's the best way to be objective when reading its charts. The one shown provided two good opportunities to get long 'mechanically' at 7481, so we'll assume that its target at 10,026 will prove just as useful as a minimum upside objective. We'll talk about buying a pullback to the red line (p=833...Read More
There can be big one way moves in gold and silver anytime. Short term traders and investors are on the sidelines. Gold short sellers are waiting for an opportunity. It remains to be seen if they fail this week. Cautious optimism in gold for now. Physical buyers of gold will be on the sidelines. In the next three weeks, there are various risk. (a) 18th June and 19th June is the FOMC. (b) 28th Jun...Read More