Aug 16, 2019 Guest(s): Peter Hug Global Trading Director, Kitco Metals Silver is "dirt cheap" at current levels and retail investors, particularly in Hong Kong, are jumping on the white metal, even more so than they are with gold, said Peter Hug, global trading director of Kitco Metals. "We're seeing extreme retail demand for physical silver out of our Hong Kong office and that has not occurred...Read More
Aug 16, 2019 Guest(s): Steve Hanke Professor of Applied Economics, Johns Hopkins University No resolution is in sight for the trade war with China and relations may even worsen, this according to Steve Hanke, professor of applied economics at Johns Hopkins University. U.S. President Donald Trump has been unwillingly to budge on his trade policies with China, but the Chinese communist regime is u...Read More
The three-month price of nickel on the London Metal Exchange remained elevated at the close of trading on Friday August 16, retaining gains made at Thursday's close above the $16,000 per tonne support level, while a weak LME tin price could see the two prices converge.Nickel's three-month price closed trading at $16,200 per tonne, holding at a five-year high achieved on Thursday, while tin futures...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Progress at Mauritius-based Alphamin Resources' Bisie tin mine in the Democratic Republic of Congo has led the company to alter its leadership structure, with the project now a step closer to full production after the conclusion of its commissioning phase.Alphamin's chief executive officer, Boris Kamstra, stepped down after four years in the role earlier this week, making way for the appointment o...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Adam HamiltonArchivesAug 16, 2019 The major gold miners' stocks have soared in recent months, fueled by gold's decisive breakout to new bull-market highs. Nothing motivates traders like performance, so interest in this long-neglected sector has exploded. While gold stocks' technicals and sentiment have greatly strengthened, their just-reported Q2'19 results reveal whether their underlying fundamen...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished higher Friday as easing bond prices sent investors back to the markets in search of bargains. Shares of Nvidia (NVDA - Get Report) surged after the chipmaker posted stronger-than-expected second-quarter earnings. Nvidia is Real Money's Stock of the Day. Deere (DE - Get Report) shares tumble...Read More
Key data from the pricing sessions in China, Asia, Europe and the United States for the week ending Friday August 16. Europe The high carbon ferro-chrome price dropped by 4.4% in the past week due to lower offer prices with one deal reported being done at $0.71 per lb for 350 tonnes. European industry sources generally put prices in the upper 0.70 cents per lb range, although there wer...Read More
The Mbeya project is based on a 120.8 million tonne thermal coal resource, which will be mined by Kibo's 100%-owned subsidiary Mbeya Coal. The project has an IRR of 69.2%, according to a 2016 definitive feasibility study.Kibo is simultaneously developing two other similar coal-fuelled power projects: the Mabesekwa coal independent power project in Botswana; and the Benga independent power project...Read More
Part of ASX-listed Sensera (ASX: SE1), nanotron said its swarm bee modules could improve Meglab Imagine mine management system's location tracking efficiency for mining equipment and people, and enhance proximity detection. Quebec-based Meglab is said to have achieved multiple deployments of Imagine at mines in the USA, Mexico and Canada since 2016.Meglab president Louis Valade said nanotron locat...Read More
China's domestic alumina market recovered slightly this week after producers raised their offer prices amid production cuts across the country, but the upward momentum will be difficult to sustain over the long term, Huatai Futures aluminium analyst Li Shuheng told Fastmarkets on Thursday August 15."Fundamentally, there is no support for the uptrend of [alumina prices in China] over a long period...Read More
An oversupply that has been branded the leading cause of the persistent price weakness seen in China's vanadium market during the first half of 2019 will likely continue to act as a headwind for the rest of the year, market sources told Fastmarkets.Vanadium prices in China were on a general downward trajectory in the first six months of 2019, partly due to higher-than-expected supply and weaker-th...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 346,22356,13347,458136,823460,550530,504564,141 Change from Prior Reporting Period -4,335-1,880-2,447-187-785-6,969-5,112 Traders 23262785758315175 Small Speculators LongShortOpen Interest 63,45829,821593,962 614-1,243-6,355 non reportable...Read More
By: Gary SavageGold into a resistance zone. Last line of defense for a gold bullion bank trapped and squeezed in a short position? Gold anticipating another Fed rate cut?Gary SavageRead More
Recorded August 14th, 2019. * Mp3 format.HighlightsTrends Research Institute's Gerald Celente returns with more good news for PMs aficionados. The original trends researcher correctly called the market breakout on June 6th. His model suggests a retest of the previous all-time record high around $1,900 is likely. $2,000+ gold is possible due in part to the nascent Great Recession 2.0, circa 20...Read More
By: Ira EpsteinI've stopped believing Trump when he talks about China/trade. Mexico cut its interest rate. Europe nearing its bazooka round of cuts and more. Gold has been acting as a safe-haven. I think the interest rate scare is a big part of this move in gold..Read More
Trend for gold and silver is bullish. Better than expected US retail sale numbers did not result in correction. Some section of traders are expecting an interest rate cut next month. China will retaliate against US trade tariff. I am not writing big lines. Positive economic news has not resulted in correction in gold prices. Momentum is very bullish. Look for signs of small $15-$20 correction in...Read More
Compagnie de Tifnout Tiranimine (CTT) cut cobalt production at its operations in Morocco at the beginning of the August and will continue to operate at a lower rate in September as a result of low cobalt prices. Production will be reduced by 40-50% in August and September. In addition, there will be a full 10-day closure for maintenance in September, Fastmarkets understands. Production was initial...Read More