While tensions between China and the United States have eased amid a temporary 90-day truce, US minor metals importers are still sitting on heavy inventories after they increased imports ahead of a proposed 10% tariff that never appeared.Suppliers moved large amounts of indium and other minor metals into the US due to their concerns about the US-Sino trade war, Fastmarkets MB reported in late Augu...Read More
Fastmarkets highlights six key things we learned from the 2018 Chinese Minor Metals Forum that took place in in Kunming, China, on November 27-28. Bearish fundamentals dominate domestic gallium market Environmental inspections that resulted in cuts to Chinese alumina production in the first half of this year tightened supply of gallium and caused gallium prices to rise, Xiong Tian, strategic sourc...Read More
Import prices for stainless steel in East Asia declined over the past week, resuming a previous downtrend amid sluggish trading activity, soft demand and lower offers from suppliers trying to secure more orders.Fastmarkets MB's import price assessment for 304 stainless 2mm trimmed cold-rolled coil in East Asia was $1,900-1,970 per tonne cif for the week ended Wednesday December 12, down $10-20 per...Read More
China's domestic stainless steel prices dropped slightly over the past week due to muted demand and bearish sentiment among buyers despite an agreement between the country and the United States to a 90-day truce to their trade war.Fastmarkets MB's price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,200-14,800 yuan ($2,062-2,149) per tonne including VAT...Read More
Shares of ATAC Resources (TSXV: ATC) plunged 25% on news that Barrick Gold (TSX: ABX; NYSE: ABX) is terminating its earn-in joint venture on the junior's Orion project, part of its 100%-owned Rackla gold property in the Yukon.Barrick declined a request for comment on the decision, but in an investor day presentation last month the company's head of project evaluation, Rod Quick, stated that manage...Read More
Hey guys! So you asked, we listened!! We rounded up the top skincare products of 2018 that claim to help with acne, breakouts, smooth texture and overall clear skin ??~oeWe review brands including Drunk Elephant, Farmacy, Krave, Thayers, Origins and more!! Because there are SO many different brands out there, this is part of the huge series so if you have any curiosities about any brands make sure...Read More
Let's take a trip back to 2011. Uranium is at one of its all-time highs in the last decade, and it seems like things will just continue this way for the foreseeable future.Then on Mar. 11, 2011, came a disaster. An earthquake and subsequent tsunami in Fukushima, Japan caused a nuclear power plant meltdown. Radiation released and caused a large-scale evacuation with two deaths reported.The tragedy...Read More
The Kyrgyz-focused developer has agreed to hand over US$55 million for...Read More
Diamond drilling on the Moosehead gold project in central Newfoundland. Source: Sokoman Iron Corp.Sokoman Iron Corp. [SIC-TSXV] on Friday December 14 released more assay results from its Moosehead gold project on the island of Newfoundland, a move that sparked heavy trading in the shares.Sokoman was down 11.43% or $0.02 to 15.5 cents on volume of almost 7.6 million, making the junior the most acti...Read More
Renowned oil trader Andrew Hall says crude prices may have hit bottom.The former Citigroup manager, who made $100 million trading oil during the financial crisis (which earned him the nickname "God" of the crude market), says the energy markets face many headwinds, but investors are better off betting on oil.Hall says the biggest concern for oil investors is a global recession, which could signifi...Read More
CloseGain/LossOn WeekGold $1238.30-$4.60-0.81%Silver$14.58-$0.19-0.34%XAU67.59-1.69%-0.52%HUI152.66-2.56%-0.83%GDM560.45-1.47%+0.07%JSE Gold1302.25+3.60+8.42%USD97.46+0.39+0.89%Euro113.05-0.59-0.92%Yen88.23+0.20-0.64%Oil$51.20-$1.38-2.68%10-Year2.893%-0.016+1.30%Bond143.4375+0.40625-0.33%Dow24100.51-2.02%-1.18%Nasdaq6910.66-2.26%-0.84%S&P2599.95-1.91%-1.26% The Metals: Go...Read More
Despite all the ominous press being devoted to the soon-to-be-inverted yield curve, it's not always clear why such a thing matters. In other words, how, exactly does a line on a graph slipping below zero translate into a recession and equities bear market, with all the turmoil that those things imply? The answer (which is both simple and really easy to illustrate with charts) is that banks - the...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort169,600109,10153,101134,285211,653356,986373,855Change from Prior Reporting Period -3,419-14,917772-78218,337-3,4294,192Traders16881704851247176 Small Speculators (C) GoldSeek.com LongShortOpen Interest 45,26428,395402,250 5,760-1,8612,331 non reportable positionsChange from...Read More
By David Brady, CFASHORT TERM: 0 - 30 DAYS We all know that positioning and sentiment are bullish for Gold and have been since May. Hence the need to focus on the technical picture. As I reported last week, Gold is in a Bear Flag following its drop from 1369 in April to 1167 in October. It touched channel resistance at 1257 on Monday, but the closing high was 1253, strong Fibonacci resistance. G...Read More
Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome in Gerald Celente, publisher of the renowned Trends Journal. Mr. Celente's perhaps the most well-known trends forecaster in the world and it's always a joy to speak with him. Mr. Celente, thanks for the time again today and welcome back.Gerald Celente: Always great being on with you, thank you.Mike Gleason:...Read More
The beleaguered gold stocks are recovering from their late-summer capitulation, enjoying a solid young upleg as investors gradually return. Their buying has pushed the leading gold-stock ETF near a major triple breakout technically. That event should really boost capital inflows into this sector, accelerating the rally. A major gold and gold-stock buying catalyst is likely imminent too, a...Read More
By Marin KatusaA surprise event with a major impact is known as a Black Swan.The theory was made famous by Nassim Taleb in his books Fooled by Randomness and later in The Black Swan. In his books, Nassim argues that many of the world's greatest feats are in fact black swan events.In the finance world, fortunes are made by those who anticipate Black Swans and lost by those who don't.A relatively...Read More
By Bill HolterPeople continually ask "when" will it happen? For the last 6 months we have responded "it is happening right before your very eyes"! In fact, as of this morning 52% of global markets are now down over 20% from their highs and qualifying as bear markets. Please understand the financial backdrop these weakening markets are falling into. Bluntly, the world is facing a giant margin ca...Read More
By David MorganThe national debt of the United States is about to hit another major milestone, getting ready to soar past $22 trillion for the first time ever.Clearly that is an enormous number... it's actually larger than the size of the entire US economy, which is pretty incredible.But what's always been the more important story about America's pile of debt is how rapidly it's growing.For exam...Read More
HighlightsFounder of the Trends Research Institute and Globalnomic(R) Trend Forecaster Gerald Celente returns with the economic forecast for the new year. $1,200 is the floor for gold - once the bulls push the price over $1,450 the sea change in sentiment could ignite an ascent to a new record over $2,000. Topping the list of catalysts that could move the PMs sector include a spike in oil price...Read More