High freight rates are pushing prices along the aluminium supply chain to multi-year highs, but there is one area where it is having the opposite effect: alumina.Alumina prices have been under pressure because of oversupply and high freight costs deterring buyers in China from importing despite low prices.Fastmarkets assessed its daily benchmark alumina index, fob Australia at $274.15 per tonne on...Read More
Coal exports from Australia's metallurgical coal hub of Queensland nearly doubled in April in the absence of any weather event that disrupted coal supply last year. A total of 14.84 million tonnes of coal - including some thermal coal - were shipped last month, compared with 8.94 million tonnes a year earlier, according to data from the North...Read More
China's domestic rebar prices dropped on Tuesday December 25 amid weak demand on lower futures. Domestic Eastern China (Shanghai): 3,740-3,780 yuan ($542-548) per tonne, down 40 yuan per tonne Northern China (Beijing): 3,610-3,650 yuan per tonne, widened down 10 yuan per tonneRebar futures remained lower than Monday's settlement price of 3,465 yuan per tonne throughout Tuesday's tra...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationSpeaking on company webinar on Wednesday morning, Jonathan Barnes, Roskill's principal copper consultant, said e-scrap was an "undervalued and unappreciated resource, which is being wasted".Read More
Gold now has limited downside (20%) but substantial upside (650%)Gains on gold are likely to come at a time when stocks are crashingInvestors and savers without an allocation to gold will be wiped outTime to consider saving in physical gold? Editors noteby James Rickards, Daily ReckoningFollowing the Panic of 1907, John Pierpont Morgan was called to testify before Congress in 1912 on the subject...Read More
As we've been saying, the stock market will have great influence on Gold. It has been easy to see in recent months.The S&P 500 has cracked, losing both its 200-day and 400-day moving averages. Gold and gold stocks have benefitted and gained in recent months even with a stable to rising U.S. Dollar.The past 65 years of history shows us that in almost any context (but not all) the time between t...Read More
Bill explains price suppression in a gold & silver bull market, the CFTC investigation into price suppression and more...by Patrick V. with Bill Murphy via SBTVOur guest on SBTV this week is Bill Murphy, the Chairman and Director of the Gold Anti-Trust Action Committee (GATA). Bill is a veteran in the gold and silver industry known for his dogged efforts in calling out market manipulation in the p...Read More
Continue...Egon von Greyerz is founder and Managing Partner of Matterhorn Asset Management AG & GoldSwitzerland. Since the 1990s Egon von Greyerz has been actively involved with financial investment activities including mergers and acquisitions and asset allocation consultancy for private family funds. This led to the creation of Matterhorn Asset Management, an asset management company based on we...Read More
The internet has changed the way investors consume stock market news. There is a surplus of investing information out there now, all jockeying for your attention. However, one thing that hasn't changed is the magazine cover story as a sentiment indicator. Today, we're going to discuss how a contrarian trader can profit off these cover stories.Why Cover Stories Are Lagging IndicatorsThis piece is n...Read More
Wednesday was the Dow's biggest gain everIt was a wild ride on Wall Street this week, as volatility reared its ugly head once again. In addition to the worst Christmas Eve sell-off of all time, the Dow racked up its biggest one-day point gain ever on Wednesday. That was followed by a dramatic pivot higher in the final hour of trading on Thursday. Amid all this whipsaw price action, the Dow, S&P 50...Read More
MOSCOW – Russia is proposing to move toward ending the ban on selling so-called blood diamonds from the Central African Republic, a former French colony that’s struck recent military and commercial ties with Moscow, amid resistance from the US and Europe.The CAR, which is mired in civil conflict, should be granted a “road map” outlining the steps it needs to take to get the...Read More
Turkish prices for flat steel products increased during May 2021, but the direction of price movements in June will depend on global price trends, especially in China, sources told Fastmarkets on Wednesday June 2.Market participants did not expect any price decreases, though. Steel prices in China did decrease from April until May 27, but they then started to rise again.Hot-rolled coil export pric...Read More
WASHINGTON (Reuters) - President Donald Trump's administration signaled on Thursday it may reverse housing anti-discrimination protections established under Democratic former President Barack Obama that exposed companies to a broad range of legal claims under federal law.The U.S. Department of Housing and Urban Development (HUD) said it will reconsider the 2013 rule issued during the Obama adminis...Read More
My Two CentsBy Andy Sutton / Graham Mehl This article was originally written by Andy Sutton on 7/24/2009; roughly 4 months after the markets bottomed from the 2008 blowout. Anything new' will be bolded. The Two Cents' series at the time was going through something of a post mortem of the meltdown and trying to give people a reset' so to speak regarding what was true and what wasn't. People found...Read More
"$TGCDF - Teranga Gold: Another Assessment Of The Massawa Project. Get more info on Seeking Alpha: https://t.co/9mromlIxrP #investing #business #stocks"Read full newsRead More
China's domestic rebar prices edged up on Friday June 4 on stronger demand ahead of the weekend, ending the week 200-yuan-per-tonne above the previous Friday's close in the eastern region, sources said.DomesticEastern China (Shanghai): 5,030-5,060 yuan ($785-790) per tonne, widening upward by 10 yuan per tonne.Northern China (Beijing) weekly assessment: 5,160-5,200 yuan per tonne, up by 160-170 yu...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
Shares in explorer SolGold (LON, TSX:SOLG) closed 2.3% higher in London and were trading up 8.3% in Toronto early morning after it announced it had discovered a new copper and gold mineralization at its Porvenir project, located in southern Ecuador.A broad zone of northeast-trending porphyry mineralization about 1km-wide and hosting numerous porphyry centres currently defined over 6km-long and op...Read More
A civilized society rests on truth and fact, not on deception and deceit. As truth and fact Continue...Read More