By: Ira EpsteinGold's action is sideways action, I can't get super excited yet, but not as negative as I was the day prior. Read More
Russian aluminium producer Rusal released its results from a 'disappointing' third quarter on Friday October 25, which saw 'further deterioration' in aluminium demand compared with the previous quarter.Global aluminium demand decreased to almost zero growth year-on-year in the first nine months of 2019 at 49.5 million tonnes (ex-China region was down 1.5% year-on-year at 21.9 million tonnes), whil...Read More
Bauxite deliveries from Cie des Bauxites de Guin?(C)e's (CBG) at the port of Kamsar in Guinea will be disrupted due to a broken conveyor, sources told Fastmarkets. Images seen by Fastmarkets on Thursday October 24 show that the bauxite conveyor belt's structure has partially collapsed. Bauxite miner CBG exports approximately 15 million tonnes per year of high-grade bauxite and is jointly owned by...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
An overview of the minor metals markets and the reasons for their latest price moves.Read More
Ferrous scrap prices on the global markets continued to move up during the working week ended Friday October 25, with a positive Turkish market adding to the stronger sentiment. Turkish import prices continue to move up on fresh booking US export prices up again on new Turkey cargoes Taiwan import prices increase on continued tight supply Vietnam import prices higher following global trend Indian...Read More
CHIPPEWAS OF THE THAMES FIRST NATION - Ontario's Government is working for the people to lower heating costs and make businesses more competitive by expanding access to natural gas in the community of Chippewas of the Thames First Nation.Bill Walker, Associate Minister of Energy, announced today that construction work is well underway on six kilometers of new natural gas pipeline in Chippewas of t...Read More
The inter-merchant spot market for UK-origin light iron scrap was unchanged in the week ended Friday October 25, extending a steady run of prices into a fourth week in line with domestic demand and a pick-up in European steel scrap export prices this month.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?60-80 ($77-103) per tonne on F...Read More
Turkish steel mills resumed their deep-sea scrap purchases at the end of this week, paying slightly higher prices, sources told Fastmarkets on Friday October 25.A steel producer in the Marmara region booked a US cargo, comprising 20,000 tonnes of HMS 1&2 (90:10) and 20,000 tonnes of shredded at an average price of $256 per tonne cfr. The price of shredded...Read More
One of the most common questions we get asked about cannabis legalization is: Who opposes it?It's a good question. If you ask around, you'll find that most people do support cannabis legalization and have for a long time.According to the most recent Gallup polls, two out of every three American adults say marijuana should be legal.But what about the other third?Who are they? And why do they oppose...Read More
In our latest Insights newsletter, we compare the case for gloom with what's needed to keep going with the asset price boom. Our broadcast of the week is showdown between a champion for bitcoin and a champion for gold. Meanwhile, our insider of the week has paved the way for the Trans Mountain Expansion project to proceed. Read the latest Canadian Insider Insights here. Read More
Key data from the October 25 pricing session in London. Key drivers- Sellers undercut previous offers in thin trading, in order to lock in business, while a greater focus is placed on contract negotiations for 2020. Some traders opt to lock in a profit, with prices at their highest since...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 322,91763,78567,189171,329466,686561,435597,660 Change from Prior Reporting Period 3,547-2,5589,9353,62910,71117,11118,088 Traders 19681815552278189 Small Speculators LongShortOpen Interest 64,09327,868625,528 1,0305318,141 non reportable...Read More
Hubert MoolmanSince 2016, the US Monetary Base has declined by about 23.68%. This is the deepest and longest decline since the Federal Reserve was formed. This should not be ignored.The last time there was a decline close to this magnitude, there was a sharp deflationary recession. That was the one that occurred from 1920 to 1921.Below, is a long-term chart of the Monetary base that goes back to...Read More
- Dave KranzlerI'm not sure why Trump continues incessantly to harangue the Fed about cutting the Fed Funds rate. The Fed is printing money and sending it to the stock market via the banks. It's a much more effective policy tool to accomplish Trump's number one policy agenda, which is to drive the stock market inexorably higher.I put "repo" in quotes because the term is a thin veil for what is...Read More
- Avi GilburtSince I wrote my last bond article, we have seen many events which market participants assume have an effect upon the bond market.We have recently seen the Fed lower its rate, in addition to coming to the table with its "not really QE 4" of $60 billion - and rising. Yet, rates have been heading higher. Does that make you scratch your head?Well, I have said many times in the past t...Read More
By: Ira EpsteinGold's action is sideways action, I can't get super excited yet, but not as negative as I was the day prior. Read More
Author and journalist Nomi Prins joins us to answer your questions regarding the precious metals, the growing mass of global debt and the future of the U.S. dollar.Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as having worked as a senior strategist at Lehma...Read More
Eric Sprott discusses the latest surge in precious metals prices as well as the latest earnings reports from some of the mining companies.Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott...Read More