BinMaster offers an range of non-contact radar sensors that bring precision to liquid level measurement.Use the NCR-84 for measurements in challenging conditions specific to liquids. Available with a variety of options, the 80 GHz NCR-84 is a precise, reliable continuous level sensor for liquid inventory. It is suitable for challenging conditions such as excessive steam, vapor, condensation, or su...Read More
Brendan Blumer believes that Bitcoin will become a primary store of value in 20 years. BTC/USD recovery is capped by $4,000. The first digital currency will replace gold as a store of value of choice in 20 years, according to EOS COE and co-founder Brendan Blumer. He is sure that transaction fees will inevitably grow after the last Bitcoin is mined; however, various scalability solutions, like L...Read More
Lizzy Gurdus| @lizzygurdusPublished 13 Hours AgoUpdated12 Hours AgoCNBC.com show chapters Here's how to play gold using ETFs 3:22PM ET Mon, 18 March 2019 |06:10 Investors could be face-to-face with a golden opportunity, according to one fund manager.While gold prices had a strong start to the year, mounting an impressive February rally, they have erased most of those gain...Read More
Some important pieces of the US economic reports, including the latest nonfarm payrolls, have disappointed recently. May indicators (including the leading ones) have hit a soft patch it seems. Will that push the Fed to downgrade its dot-plot or fine-tune the monetary policy mix anyhow? Can gold jump in reaction to the Wednesday’s FOMC policy meeting? February Payrolls Disappoint U.S. nonfarm...Read More
Aluminium's three-month price on the London Metal Exchange rose by more than 1% at the close of trading on Tuesday March 19, with a large rewarranting of just under 100,000 tonnes doing little to curb an upswing that saw the metal's price close at a three-month high of $1,946 per tonne.Total volumes traded in aluminium topped the complex, with more than 18,000 lots changing hands by the close, the...Read More
Harvey says we've either had a MASSIVE short covering, or else this is happening, and a little earlier than usual. Here are the details...by Harvey Organ of Harvey Organ BlogMARCH 18/GOLD DOWN ONLY 70 CENTS//SILVER DOWN 2 CENTS AS THE BANKERS RAID FAILS//HUGE SLOWDOWN IN SMART PHONE SHIPMENTS INTO CHINA//BOEING ISSUED A SUPBOENA AS TO THEIR SAFETY CHECKS ON THE 737 MAX 8 DEVELOPMENT//GOLD: $1302....Read More
Geopolitical uncertainty has created demand for both gold and the dollar.The result has been been a beneficial consolidation period for gold.As short interest recovers, gold will soon have enough fuel for a new rally.As global economic fears continue to proliferate, gold is still benefiting from flight-to-safety inflows which have kept prices buoyant. Yet, after the gold price peaked last month, i...Read More
Aluminium's three-month price on the London Metal Exchange consolidated higher during morning trading on Tuesday March 19, with price action largely unaffected by a rewarranting of just under 100,000 tonnes in Malaysia, accounting for around 10% of total LME stocks. Volumes traded for aluminium on the exchange continue to lead the complex, with just over 7,500 lots changing hands as of 9:50am Lond...Read More
The U.S. dollar traded at a two week low against its global peers Tuesday, while the gap between short and longer-date Treasury bonds continued to narrow, as investors extended bets on a dovish turn from the Federal Reserve at the start of its two-day rate setting meeting in Washington. Fed Chairman Jerome Powell is expected to argue for no changes to the central bank's key interest rate, follow...Read More
Prices for seaborne coking coal sold to China are showing signs of softening amid weak end-user demand, with uncertainties related to import restrictions at some ports complicating the market further."Buyers in southern China are discouraged from buying due to obstacles attributed to port authorities. It is a long and tedious process for end users to get their coal imports cleared by customs, and...Read More
Analysts at Commerzbank, point out that gold is viewed forming a major base longer term. They warn about the key resistance at 1365.36/1375.53, signaling that a break higher could lead to rally to 1700. Key Quotes: “A weekly close above 1375.53 2016 high (and ideally above the 1392.56 2014 peak) should trigger a move eventually to just over 1700.00.” “Gold is underpin...Read More
Miner KGHM will extend negotiations with a union at its Chilean copper mine Sierra Gorda, averting a strike, a union representative said on Tuesday.The company had until the end of Tuesday to request government mediation to help reach a deal with the union of 520 workers.(By Fabian Cambero and Cassandra Garrison; Editing by Sandra Maler)Read More
Wolfden Resources' (CVE: WLF) stock was up nearly 6% on Tuesday, after Kinross Gold (TSE: K) acquired 12.5 million shares at $0.20 a share -a $2.5 million investment - for a 9.7% stake in the junior exploration company.The two companies will form of a committee to explore Wolfden's 100%-owned Pickett Mountain volcanogenic massive sulphide (VMS) deposit in northeastern Maine.Wolfden describes Picke...Read More
The reactivation of a smelter belonging to Chile's state-owned Codelco, the world's largest copper producer, will take more time than expected, the country's mining minister Baldo Prokurica said on Tuesday.The smelter, halted in December to undergo changes to bring it up to new emissions standards, has had its restart delayed because of issues related to Canadian construction firm SNC-Lavalin, c...Read More
Turkish steel producers continued to remain out of the deep-sea ferrous scrap markets while suppliers kept their offers firm, sources told Fastmarkets on Tuesday March 19.Market participants said that suppliers in the United States kept their offers at $330 per tonne cfr for HMS 1&2 (80:20), but the steel producers in Turkey were only willing to pay $315 per tonne for the same material."US supplie...Read More
Two workers died in an accident at Glencore's Zambian operation Mopani Copper Mines (MCM) on Tuesday, prompting it to suspend production pending investigations, the company said."All operations at the South Ore Body (shaft) have been suspended until further notice," the company said in a statement without providing details of the accident.Mopani is one the biggest mining companies in Zambia - Afri...Read More
Ecuador has tethered its economic fortunes to a burgeoning mining industry. Now it just needs to get bureaucrats and community leaders on board.Local opposition and red tape are hindering plans to become a mining superpower that can rival other South American nations. Less than two years ago the government hoped mining would become 4 percent of Ecuador's gross domestic product by the end of Presid...Read More
The biggest trading volume in copper call options on record signals supply troubles brewing in the market.A spread trade worth $6.5 million was posted just after 7 a.m. on Comex in New York in a bet that the price of the metal used in wires and pipes will surge past $3.05 in a few months, from Monday's settlement price of $2.909.Copper production will trail consumption by 116,000 metric tons this...Read More
Gold settled with a loss on Monday, giving up earlier modest gains as traders looked ahead to the outcome of the Federal Reserve's meeting later this week. Traders also kept an eye on geopolitical developments, including the U.K.'s efforts to reach a deal on leaving the European Union, and the direction of the U.S. dollar. Gold for April delivery GCJ9, -0.19% on Comex fell $1.40, or 0.1%, to set...Read More
Chile's Codelco, the world's No. 1 copper producer, is set to ink a long-awaited deal with Ecuador-controlled miner Enami EP to develop a jointly-owned copper project in the Andean country.The 982-million-tonne Llurimagua copper project, located in the Imbabura Province, about 80 km northeast of Ecuador's capital, Quito, is in the advanced exploration stage and could become the first mine Codelco...Read More