In this week’s analysis,...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as...Read More

The combination of some easing in Chinese lending rates and talk that United States officials may be prepared to drop some tariffs on China has led to more risk-on in broader markets.The three leading US indices, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite closed on record highs on Monday November 4 and US treasury yields are climbing, but the metals are looking quite mi...Read More

Copper prices on the Shanghai Futures Exchange edged up during the morning trading session on Tuesday November 5, supported by improved risk sentiment following positive trade developments.News that China is reviewing locations in the United States where Chinese President Xi Jinping would be willing to meet US counterpart Donald Trump to sign the first phase of a trade deal between the two nations...Read More

Data remains weak, but provides some...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as s...Read More

Dow Jones Industrial Average $INDU is scheduled to open above its all-time high at 27,369.68Walgreen Boots $WBA, a Dow Jones Industrial stock moved above $58.10 extending an intermediate uptrendEmerson Electric $EMR, an S&P 100 stock moved above $72.07 extending an intermediate uptrend.MMM $MMM, a Dow Jones Industrial stock moved above $172.48 completing a base building patternAgribusiness ETF...Read More

ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More

World manganese ore supply rose 5.4% year on year in September to 1.87 million tonnes of manganese units, according to the International Manganese Institute (IMnI). Over the first nine months of the year, world supply rose 8% year on year due to higher production in Africa and the Americas, which offset production cuts in the Asia and Oceania region and in Europe, according to the IMnI's latest re...Read More

Fastmarkets is proposing to reduce the frequency of publication of its European germanium metal and tellurium assessments and Chinese germanium dioxide assessment. Fastmarkets selects the frequency of publication of its price assessments after considering the number of data points (deals, bids, offers, deals heard and assessments) that it can reasonably expect to collect on a consistent basis in t...Read More

Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More

Dear Rich Lifer,Imagine you're offered two choices:Get $100 today or $110 tomorrow.Statistically speaking, most people would choose to take the $100 today.But, if you reframe this scenario and offer someone $100 in one year and $110 in one year and one day from now, the majority of people will wait the extra day for the $10.This makes absolutely no sense.Why do most people choose a bigger reward w...Read More

I've been to Italy four times, including my most recent trip two weeks ago. So it's really interesting to look at the different foreign exchange rates in place at the time of my various visits.Just as an example, on this most recent trip I was getting roughly 21% more for my money than the last time I visited four years ago. That makes a huge difference!Of course, unless they're frequent travelers...Read More

Dear Reader,If the supply of money in an economy is $1 billion, each unit of currency buys X (the purchasing power of each unit of currency).If the money supply is doubled without any expansion in the consumers' pool of goods and services, the purchasing power of each unit of currency falls in half. This reduction in the purchasing power of each unit of currency is called inflation.Governments fac...Read More

San Francisco, California November 5, 2019Editor's note: We've discussed Modern Monetary Theory, which is essentially money printing on a colossal scale, in The Daily Reckoning before. Today Charles Hugh Smith gives you an objective account of MMT and arrives at a disturbing conclusion.Dear Reader,We've heard a lot about Modern Monetary Theory (MMT) for several months now. The Daily Reckoning has...Read More

Finnish stainless steelmaker Outokumpu has reported a "challenging quarter" and a drop in earnings for the period July-September 2019, due to a weak market and a sharp increase in the price of nickel, the company said in its quarterly results statement.Earnings before interest, taxes, depreciation and amortization (Ebitda) were ?,?45 million ($50 million) in the third quarter of the year, down fro...Read More

Four years ago, Argentines elected Mauricio Macri as their president on his promise to fix the country's troubled economy after 12 years of populist government under Cristina Fernandez de Kirchner and her husband Nestor Kirchner.Macri - who comes from a wealthy family and was the first centre-right president to lead Argentina since its return to democracy in 1983 - took office in December 2015.T...Read More

Nordic Mining prepares for lift-offSPONSOREDnordic miningIronRidge derisks through diverse discoveries SPONSOREDironridge resources Polymetal building with good momentumSPONSOREDpolymetal internationalAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftEven positive newsflow from the likes of Pan African Resources and Bushveld Minerals hasn't significantly moved...Read More

Cartier Resources (TSXV: ECR) has released a maiden resource for the Central Gold Corridor on its Chimo mine property, 45 km east of Val-d'Or, Quebec.Indicated resources stand at 3.26 million tonnes grading 4.4 grams gold per tonne for 461,280 contained oz. gold. Inferred resources add 3.68 million tonnes grading 3.53 grams gold per tonne for 417,250 contained oz. gold.The maiden resource was bas...Read More

Shares of gold producer Guyana Goldfields (TSX: GUY) dropped as much as 38% on a weaker-than-expected performance during the third quarter from its wholly owned Aurora gold operation in western Guyana.Gold output for the three months ended Sept. 30 came in at 22,100 oz., a record low since the open-pit mine started commercial production at the beginning of 2016, and well below market expectations,...Read More

The Dow Jones Industrial Average rose 1.44% to 27,347.36 and the S&P 500 Index increased 1.47% to 3,066.91. Spot gold gained 0.67% to US$1514.10 per ounce.Compania de Minas Buenaventura climbed US$1.59 per share, or 11.27% to US$15.70. Peru's largest publicly traded precious metals mining company reported third-quarter earnings before interest, taxes, depreciation and amortization (EBITDA) from di...Read More

The S&P/TSX Venture Composite Index fell 0.9% to 541.49. Spot gold finished at US$1,514.10, up 0.67%.Abitibi Royalties shares jumped 68 ?, or 4.78%, to $14.90. The company's board of directors approved a dividend of 3 ? per common share for the fourth quarter, which would amount to 12 ? per common share on an annual basis. The company generated total cash during the third quarter of $988,000, of w...Read More