Import prices for stainless steel in East Asia continued to fall during the past week, with exporters reducing their offers further amid shrinking regional demand and the soft nickel segment.Fastmarkets MB's import price assessment for 304 stainless 2mm trimmed cold-rolled coil was $2,030-2,100 per tonne cif East Asia for the week ended Wednesday November 7, down $10 per tonne from a week ear...Read More
Global recycling industry association the Bureau of International Recycling (BIR) has appointed Gregory Schnitzer as the new president of its Ferrous Division.Schnitzer is currently vice president of ferrous sales at Schnitzer Steel Industries (SSI), based in Oregon, United States. SSI is a long-standing BIR...Read More
Donations go towards my expenses and helping my folks outhttps://www.patreon.com/Veemonro?ty=hhttps://www.paypal.com/cgi-bin/webscr...http://vee-art.uzalu.net/Consider following my other channel as wellhttps://www.youtube.com/channel/UCPOt...Follow me on twitter @veeh_roRead More
Stocks trading under $5 per share offer several unique, but very important qualities for investors.One is that they make it easier for investors with smaller investment accounts - be it in their TFSA or RRSP - to build up a sizable position in their portfolios without having to fork out an arm and a leg for the company's shares.Another is that many institutional investors are governed by investmen...Read More
Investors and company leaders are gearing up for the Technology and Low Emission Minerals Conference (TLEM) to be held in Perth next week, with the conference boasting an impressive line-up of emerging and established Australian battery metal companies.TLEM features companies producing from or developing projects focused on lithium, graphite, vanadium, cobalt, manganese, magnesium, rare earths and...Read More
Bob Moriarty ArchivesNov 9, 2018On Friday November 2, 2018 Benchmark shares closed over $.28 for ten days in a row. As a result about 2,098,315 million warrants will have a forced acceleration or expire in a month. The exercise price is $.225 so we will have an interesting situation where those who need to sell shares in order to exercise will hold down the price artificially.It’s a hell of...Read More
I’ve been a contrarian my entire life… Wait, you might want to scratch that and just outright say OUTCAST, which might be a better term to use… I mean, ever since I was a little kid, I kind of always knew that I was different from the majority of my peers…From my earliest memories, I remember another little kid telling me I was “too Chinese” to play baseballR...Read More
Paying a dividend is the most common way for companies to share profits directly with stockowners.The first record of a company paying a regular dividend belongs to the Dutch East India Company (VOC).The VOC paid annual dividends in both cash and spices worth about 18% of the value of its shares for almost 200 years of the company's existence (1602-1800).Dutch East India Company bond, printed 1622...Read More
CloseGain/LossOn WeekGold $1209.90-$14.00-1.88%Silver$14.17-$0.26-3.93%XAU64.16-1.88%-4.51%HUI143.41-1.61%-4.04%GDM529.60-1.47%-3.05%JSE Gold1098.11-23.50-3.09%USD96.90+0.22+0.47%Euro113.39-0.22-0.49%Yen88.03+0.06-0.43%Oil$60.19-$0.48-4.67%10-Year3.190%-0.050-0.78%Bond137.875+0.6875+0.52%Dow25989.30-0.77%+2.84%Nasdaq7406.90-1.65%+0.68%S&P2781.01-0.92%+2.13% The Metals: Go...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort169,141150,115103,258173,897212,033446,296465,406Change from Prior Reporting Period 387-5,44511,7988,04014,97120,22521,324Traders16593905852269194 Small Speculators (C) GoldSeek.com LongShortOpen Interest 48,61529,505494,911 -255-1,35419,970 non reportable positionsChange fr...Read More
By Gary TanashianCrude Oil and Industrial Metals continue downward. This is significant per this NFTRH monthly chart showing these items and the broad CRB itself having hit trend lines from the 2008 highs. These pullbacks from long-term trend lines are notable and qualify cyclical commodities as risk indicators for the cyclical macro.Here is oil's weekly view. Key support was lost last week as n...Read More
By Jordan Roy-Byrne CMT, MFTA The recent weakness in Gold and gold mining stocks is not over. In fact, we are worried about another leg down getting underway. If that comes to pass, we are positioned to profit from it. But I digress. Long-term oriented investors and speculators should be aware of the near term trends but they should also be aware of the conditions that will lead to a shift f...Read More
By David Brady, CFAIt is difficult to provide an update on something that hasn't moved in months. Other than a spike higher on October 11, Gold has basically done nothing in the past three months. The current range remains 1214-1251. Many investors in the precious metals space have become extremely bullish recently, given the rally from 1167. But there is little reason for it, in my opinion. Not...Read More
First developing countries blew up. Then real estate topped and started to roll over. Now oil has entered what CNBC just called its "longest losing streak in three decades." The oil rout just became a bear market for U.S. crudeIn a volatile turnabout, the U.S. crude benchmark fell into a bear market Thursday just five weeks after hitting a nearly four-year high.West Texas Intermediate crude for...Read More
After falling in August and September, intervention in the gold market by the Bank for International Settlements via gold swaps increased substantially in October, according to the bank's monthly statement of account, published this week: https://www.bis.org/banking/balsheet/statofacc181031.pdf The bank's August and September statements are here: https://www.bis.org/banking/balsheet/statofacc180...Read More
TSX Venture Exchange (TSX-V): GRGFrankfurt Stock Exchange (FSE): G6A OTCQB Venture Market (OTCQB): GARWFVANCOUVER, Nov. 9, 2018 /PRNewswire/ - Golden Arrow Resources Corporation (TSX-V: GRG, FSE: G6A, OTCQB: GARWF), "Golden Arrow" or the "Company" is pleased to announce that the Company's joint venture partner in Puna Operations Inc., ("Puna") has reported...Read More
By Daniel R. Amerman, CFAHousing prices and the associated REIT returns have worked very differently in the United States since the recession of 2001. The increasing financialization of the real estate markets by Wall Street, and the aggressive and unconventional interventions by the Federal Reserve over that time, have combined in multiplicative fashion to produce new and volatile sources of ho...Read More
"We are in a bond market bubble that's beginning to unwind." This is the statement of Alan Greenspan. Is he right? We invite you to read our today's article about the US bond market and find out whether it is in bubble or not - and what does it all mean for the precious metals market. Bond yields are in an upward trend since 2016/2017. And they hit the accelerator again last month. The 10-ye...Read More
The flow of institutional money into stocks is under such expert control these days that we shouldn't doubt DaBoyz' ability to manipulate the broad averages to new record highs regardless of economic headwinds. On days when the FAANGs are soft, which was the case on Thursday, the Dow is firm. Conversely, when the FAANGs are raging, the Indoos are often subdued. This suggests that even though the...Read More