Turkish deep-sea scrap import prices were stable on Wednesday February 6 despite news of a freshly booked cargo, sources told Fastmarkets.A steel mill in the Marmara region booked a European cargo comprising 12,000 tonnes of shredded at $328 per tonne cfr and 6,000 tonnes of busheling at $359 per tonne cfr for March shipment.Offer prices...Read More
Brazilian miner Vale has declared force majeure on a number of iron ore and pellet contracts with customers, following the halt of its Brucutu mine in the state of Minas Gerais, the company said on Tuesday February 5.A court in Belo Horizonte, the capital of Minas Gerais, has prohibited Vale from using eight tailings dams on February 4, with Brucutu being the most-affected operation. Annual output...Read More
CIS export billet prices have soared in the past few days, supported by the sharp rise in the global scrap market. Customers in turn accepted higher prices amid expectations of further price increases in the week ahead, Fastmarkets heard on Wednesday February 6.Fastmarkets' daily CIS export billet index was $442 per tonne fob Black Sea on Wednesday, up from $430 per tonne fob a day earlier.Several...Read More
Gold price sales offer opportunity but patience is required. I like to see a market swoon of at least $50/ounce before buying any fresh medium-term gold or related positions.Most amateur gold investors should wait for $100/ounce declines before buying or use very tight stop-losses to protect their capital.When buying, it's important that investors have strong hands accompanying them, and the small...Read More
There are few companies on the market today that have stirred as much emotion and controversy over the years as Cameco (TSX:CCO)(NYSE:CCJ). Despite the fact that the Cameco has seen its share price drop significantly over the years, Canada's largest uranium miner still commands a base of loyal investors that foresee a time (perhaps rapidly emerging) when the stock and, by extension, uranium price...Read More
With uncertainty continuing to cloud the future of the auto industry, and other sectors heavily reliant on the metal industry, it's worth checking the stats for potentially impacted stocks on the TSX index. To catch up, let's look at an auto-related stock, a metal-weighted stock, and an auto stock with the potential to lead the way in the international electric vehicles market.Uni-Select (TSX:UNS)...Read More
Gold price sales offer opportunity but patience is required. I like to see a market swoon of at least $50/ounce before buying any fresh medium-term gold or related positions.Most amateur gold investors should wait for $100/ounce declines before buying or use very tight stop-losses to protect their capital.When buying, it's important that investors have strong hands accompanying them, and the small...Read More
"Our advice is to own as little exposure U.S. equity exposure as your career risk allows." - Martin Tarlie, member of portfolio allocation at Grantham, Mayo, Van Otterloo investment managementThe following is an excerpt from the latest Short Seller's Journal:Economy is worse than policy makers admit publicly - Less than four months ago, the FOMC issued a policy statement that anticipated four rate...Read More
A stronger US dollar saw the gold price ease and took the shine off gold equities.The gold price has lost US$10 an ounce on the spot market since this point yesterday, trading just over $1,303/oz earlier.Base metal futures were mixed in Asian trade this afternoon, while iron ore is around a two-year high - above US$86 per tonne as Vale's production was further curtailed with a key operating licenc...Read More
Time for a change of scenery, I’m writing to you all from Bali now. After spending over 4 months in the Philippines, I thought I was due for a change of pace, but as usual per this time of year, I wanted to stay in warmer territories.I’m still in the same timezone, though, so really not too much has changed at all… If anything, I’m probably more convinced than ever just how...Read More
It's expected to become a $4 billion business by 2022.And that's just in the U.S. and Canada.The global estimates for cannabis edibles could effectively double that number.I know some folks don't like to talk about weed or edibles. But if you want to make a ton of cash from the cannabis boom, you need to pay attention to the edibles market.This Isn't Your Father's EdibleForget everything you know...Read More
By: Dave Kranzler"Our advice is to own as little exposure U.S. equity exposure as your career risk allows." - Martin Tarlie, member of portfolio allocation at Grantham, Mayo, Van Otterloo investment managementThe following is an excerpt from the latest Short Seller's Journal:Economy is worse than policy makers admit publicly - Less than four months ago, the FOMC issued a policy statement tha...Read More
Happy Year of the Pig! This week marks the start of China's Spring Festival, during which an estimated 3 billion trips will be made using the country's massive transportation network of roads and rail. That figure is a slight rise from the same period last year, despite slowing economic growth prompted by trade tensions with the U.S. and a strengthening dollar.Ctrip, China's largest online trave...Read More
Listen to the Podcast Audio: Click Here Mike Gleason: It is my privilege now to welcome Axel Merk President and Chief investment officer of Merk Investment and author of the book Sustainable Wealth. Axel is a well-known market commentator and money manager and is a highly sought-after guest at financial conferences and on news outlets throughout the world and it's always great to have him bac...Read More
By: Ira EpsteinMomentum is gold and silver point down but support should not be far away:Read More
Wednesday's asphyxiating tedium was a reminder that DaBoyz are in no rush to take stocks higher, especially if the short-covering needed to do so is absent. Usually, bear buying-binges are driven by "good" news. On this particular day, however, the headlines concerned a State of the Union speech that held little interest for Wall Street. Toss in the usual bilge concerning political bickering, Mu...Read More
Jason talks about central banks increasing their physical gold purchases by 74% year over year in 2018 and what that means.Central banks bought more gold in 2018 than any year since 1967: WGC https://finance.yahoo.com/news/centra...1) Here We Go: Fed "Finds" That Negative Rates Would Have Helped The Recovery https://www.zerohedge.com/news/2019-0...2) Australian Banks Overcharged Clients, Even Afte...Read More
"More people are thinking just like you are right now. You just don't know it," Chris Martenson tells Silver Doctors.We're seeing collapse in the "three E's": economy, environment, and energy. Martenson says these collapses are processes not events, and that these changes are happening now.Regarding the environment, he shares how insects is disappearing. "One does not simply remove the bottom of t...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Read More