Gains stall above $2,500 per tonne The LME three-month benchmark is consolidating above $2,400 per tonne at the start of this week after dollar-driven price gains stalled around $2,500 per tonne last week. Smelter output starts accelerating... The latest ILZSG data showed refined output contracted by 1% year on year in January-May, as disruptions at smelters in India (-7.1%), Canada (-3.8%) and Ja...Read More
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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
Both the Chinese domestic and export ferro-silicon prices jumped up by around 5% week on week on Wednesday July 17 on improved demand and tight supply, while US market participants view the stabilizing European price as a hint that the US price is close to reaching a bottom. An uptick in ferro-silicon demand pushed the Chinese domestic market up by 4.8% while the export price increased by 5.1%.US...Read More
Against a backdrop of poor economic growth, especially in Germany and China, and in the absence of fresh news, markets seem to be content to consolidate this morning, Tuesday July 23.This is especially so ahead of the release of flash manufacturing purchasing managers’ index (PMI) data on Wednesday and the European Central Bank (ECB) rate decision on Thursday. Base metalsThe three-month base...Read More
U.S. equity index futures moved higher this morning. S&P 500 futures were up 10 points in pre-opening trade. Index futures responded to news that the U.S. Congress reached a two year bipartisan agreement to raise the U.S. debt ceiling.Intel added $0.70 to $52.05 on news that the company is negotiating to sell its modem business to Apple for more than $1 billion.Coca Cola gained $0.98 to $52.20...Read More
In corporate finance there's a term used to describe inventory that sits in a warehouse costing the business money - that term is called carrying costs.Imagine for a second that your house is run like a business and all your belongings are its inventory. The more stuff you own, the higher your carrying costs will be.Of course, not everything you own will end up costing you money but you get the id...Read More
Free riding is one of the oldest problems in economics and in society in general. Simply put, free riding describes a situation where one party takes the benefits of an economic condition without contributing anything to sustain that condition.The best example is a parasite on an elephant. The parasite sucks the elephant's blood to survive but contributes nothing to the elephant's well-being.A few...Read More
Today, stock markets and other markets such as bonds and currencies can best be described as "automated automation." Here's what I mean.There are two stages in stock investing. The first is coming up with a preferred allocation among stocks, cash, bonds, etc. This stage also includes deciding how much to put in index products or exchange-traded funds (ETFs, which are a kind of mini-index) and how...Read More
"We're probably never going to go away from zero rates.”So concludes hedge fund grandee Kyle Bass.Mr. Bass believes the economy will plunge into recession next year. And the Federal Reserve will hound interest rates back down to zero.There they will remain forever and ever... world without end.The economy will fall within the inescapable "tractor beam" of zero rates:As we have all learned, o...Read More
This week's episode features one of the luminaries of the Canadian mining industry, executive chairman of Yamana Gold Peter Marrone, who gives a speech on Yamana Gold's business philosophy, some of the company's biggest projects, and how it overcame financial difficulties after a challenging 2014.The discussion was recorded live at The Northern Miner's Canadian Mining Symposium held at Canada Hous...Read More
This gold mining ETF hits a new 52-week high. Are more gains in store for this ETF?Read full newsRead More
Gold and gold mining stocks are on the rise and should continue to rally as interest rates fallRead full newsRead More
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