Seaborne iron ore prices remained flat on Thursday May 2, with trading activity muted due to the ongoing Labor Day public holiday in China.MB 62% Fe Iron Ore Index: $94.17 per tonne cfr Qingdao, unchanged. MB 62% Fe Pilbara Blend Fines Index: $93.20 per tonne cfr Qingdao, unchanged. MB 62% Fe Iron Ore Index-Low Alumina: $97.27 per tonne cfr Qingdao, unchanged. MB 58%...Read More
Fastmarkets topped the base metals leaderboard in the Apex first-quarter 2019 contest, with an accuracy rating of 98.41%, while Edward Meir of INTL FCStone was top of the precious metals table with 97.45% accuracy.For steel raw materials, Casper Burgering from ABN Amro topped the leaderboard, with 91.16% accuracy.Click on the image below to download the full report.Second in the base metals leader...Read More
Base metals prices on the London Metal Exchange consolidated during morning trading on Thursday May 2, with prices broadly range bound following the US Federal Reserve's decision to keep interest rates unchanged. Volumes traded over the morning session were moderate - despite the absence of China due to national holidays - with copper clocking more than 6,000 lots exchanged as of 9:45am London tim...Read More
The latest selenium transactions, bids, offers and assessments in Europe reported to Fastmarkets.Unless otherwise stated, all prices are per lb and on an in-warehouse Rotterdam basis. Delivered prices are netted back.To view the latest price...Read More
Import prices for stainless steel in East Asia were down in the week to Thursday May 2 amid weak buying interest and falling nickel prices that led to lower offers from producers in the region.The three-month nickel contract on the London Metal Exchange ended Wednesday May 1's official trading session at $12,205-12,210 per tonne, down $220-240 per tonne week on week.The price has trended downward...Read More
get your tickets now at http://tjskoc.com/click here to join the new IG Jumpoff Channel https://www.youtube.com/channel/UC3Th...click here to subscribe to the new TNN Raw Channel https://www.youtube.com/watch?v=09iZi...CLICK HERE TO SEE WHAT CITY TOMMY SOTOMAYOR WILL BE IN NEAR YOU & PURCHASE TICKETS FOR THE ANTI PC TOUR! https://www.tjskoc.com/preordertickets/donate at http://www.paypal.me/tommys...Read More
In February, Blue Sky Uranium (TSX-V: BSK; OTC: BKUCF) delivered a very positive Preliminary Economic Assessment ("PEA") on the Ivana uranium-vanadium deposit at the Company's 100%-owned Amarillo Grande project in Argentina. The after-tax IRR & NPV is 29.3% & $135M. The upfront cap-ex is estimated at $128M. Importantly, the all-in sustaining cost is estimated to be in the lowest qua...Read More
Notwithstanding today's absurdly phony and propagandistic employment report, it's becoming more apparent by the week that the Fed and the U.S. Government are once again preparing to print more money. I don't know when the Fed will revert to more QE but I would argue that the intense effort by the banks to use the Comex as a conduit to control the price of gold is a probable signal - just like in 2...Read More
SQM has $1.3 billion in debt and while it has just $8 million of debt maturing this year, it has $265 million of debt maturing in 2020, $15 million in both 2021 and 2022 and $385 million in 2023.SQM produces 70,000 tonnes per year of lithium carbonate and 13,500tpy of lithium hydroxide from its Salar de Atacama operations in Chile, as well as other chemicals, helping it to net income of $439.8 mil...Read More
Condor Gold (AIM: CNR; TSX: COG) is focused on developing and further proving a large commercial reserve on its 100% owned, La India Gold Project in Nicaragua. In August 2018, Condor received an Environmental Permit for the development, construction and operation of a processing plant, with a capacity of up to 2,800 tonnes per day and associated mine site infrastructure at La India. At PDAC2019, w...Read More
American exports of liquefied natural gas (LNG) to Europe are skyrocketing.And it's creating an incredible opportunity for energy investors to make huge profits.The European Commission (EC) reported earlier this week that LNG imports from the U.S. have increased by 272% since 2018.EC data shows record LNG imports coming from the U.S. in March totaling 49 billion cubic feet (Bcf).That's already a b...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 177,275111,05656,305147,288235,600380,868402,961 Change from Prior Reporting Period 584-28,240-2,994-7,11523,801-9,525-7,433 Traders 16768785458254172 Small Speculators LongShortOpen Interest 49,14327,050430,011 -512-2,604-10,037 non reportable positionsC...Read More
These record US stock-market levels are very dangerous, riddled with extreme levels of euphoria and complacency. Largely thanks to the Fed, traders are convinced stocks can rally indefinitely. But stock prices are very expensive relative to underlying corporate earnings, with valuations back up near bubble levels. These are classic topping signs, with profits growth stalling and the Fed...Read More
By: Dave KranzlerNotwithstanding today's absurdly phony and propagandistic employment report, it's becoming more apparent by the week that the Fed and the U.S. Government are once again preparing to print more money. I don't know when the Fed will revert to more QE but I would argue that the intense effort by the banks to use the Comex as a conduit to control the price of gold is a probable sign...Read More
By: Ira EpsteinLow $1,260's support on gold...Read More
"Who would be free themselves must strike the blow..."By their right arms the conquest must be wrought."So wrote Lord Byron of Greece's war of independence against the Turks, though the famed British poet would ignore his own counsel and die just days after arriving in Greece to join the struggle.Yet Byron's advice is the wise course for the United States, and for the people of Venezuela who see...Read More
Sometimes we're blessed not to possess insider information. Several pointed examples surfaced in the last few days. If we had known, for instance, that Fed Chairman Powell would tell the world on Wednesday that the U.S. economy is holding steady as a rock and that no changes are contemplated in monetary policy, we'd have jumped on call options a day earlier. Lo, the Dow began a 500-point plunge...Read More
TOPICS IN THIS INTERVIEW:02:05 Did Central Banks lose control of the economy?05:25 Warning signs for the next economic meltdown08:25 Is Trump making America great again?12:20 The next economic crash could be the beginning of SocialismJim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one...Read More
Known primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financial markets, and greater economic trends.Read More
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 Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More