Why is There So Many Homeless People Part - 2 Short Story by Sylvia Scott GibsonRead More
May 30, 2018 Guest(s): Frank Holmes CEO, U.S. Global Investors There is currently a wave of populism riding in Italy that is sure to bring more volatility to the markets, and with financial unrest comes a surge in gold, this according to Frank Holmes, CEO of U.S. Global Investors. "There is an anti-establishment vote taking place. Taxpayers [in Italy] are fed up with socialist government bureauc...Read More
Kudumane Manganese Resources (KMR) will start production from its Hotazel mine in South Africa's Northern Cape from September and the output will be 40% manganese ore with 5% iron content, Gautam Kumar, associate director of Asia Minerals Ltd (AML), confirmed to Metal Bulletin.AML, which is based in Hong Kong, has a 36.75% share of KMR under a joint venture agreement. The first commercial shipment...Read More
Technical analyst Clive Maund discusses the probability of copper breaking out to the upside. Copper is at an interesting juncture. On its latest 8-month chart we can see that within the next few weeks it will be forced to break out of a Symmetrical Triangle pattern that is now rapidly closing up. Although it could break in either direction, the rather positive Accumulation line and rising 200-da...Read More
Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Jim operates a free website called Golden Jackass.Read More
Three-month base metals prices on the London Metal Exchange were for the most part stronger on the morning of Tuesday May 29, with gains averaging 0.8%, except aluminium where prices are off 0.1%, while copper prices are up 0.3% at 46,879 per tonne.Volume on the LME has been high, with 10,305 lots traded as of 6:59am London time. This follows a general day of weakness on Friday, when all the metal...Read More
"We are going to face a moment when bonds are going to sell off rapidly, and no action by world central banks is going to be able to stop the bleeding."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...Read More
If you have defective and obsolete models, you will produce incorrect analysis and bad policy every time.There's no better example of this than the Federal Reserve.Continue...Read More
The first time I appeared on live financial television was August 15, 2007. It was a guest appearance on CNBC's Squawk Box program at the early stages of the 2007-2008 financial crisis.Continue...Read More
Highly levered stock markets are subject to more violent downdrafts as margin calls lead to forced sales.Continue...Read More
In the last year, the price of gold has gone up roughly about $100 a pound. What's driving that? Are Continue...Read More
There are several key factors driving the U.S. dollar higher, but gold is still holding above $1300. I think gold is doing fantastic.Continue...Read More
Diamond miner De Beers has launched a new company called Lightbox Jewellery that will begin marketing a new brand of laboratory-grown diamond jewellery designs at lower prices than existing lab-grown diamond offerings.Lightbox’s lab-grown diamonds will retail from $200 for a 0.25 ct stone to $800 for a 1 ct stone. The line will bring something new and innovative to the jewellery sector, feat...Read More
(IDEX News) - Signet Jewelers Limited has submitted its fifth consecutive Conflict Minerals Report to the SEC in accordance with Section 1502 of the Dodd-Frank Act. Signet said it was one of only four companies to have its gold conflict-free filing with the SEC independently audited in line with the Section 1502 requirements in 2014, 2015, 2016 and 2017. Now Signet has extended its conflict...Read More
The downward price trend in the CIS export billet market continued early this week amid sluggish trading activity and pressure from the import scrap market in Turkey.Metal Bulletin's CIS billet export index was $509 per tonne fob Black Sea on Tuesday May 29, down by $6 per tonne from $515 per tonne fob Black Sea on May 25.The CIS billet export index was not published...Read More
RAPAPORT... A 10.03-carat diamond ring was the top seller at Bonhams'sHong Kong auction, which saw a total of 163 lots sold for a combined $6.7million. The oval-cut, fancy brown-pink stone - flanked by a white diamond oneach side -went for $606,200 at the Rare Jewels and Jadeite sale, Bonhams said Tuesday.That was at the upper end of its pre-sale estimate of $395,000 to $636,000. "This piece was o...Read More
Chinese ferro-silicon prices strengthened in the week ended Friday May 25 after a major consumer increased its monthly buying price for May and showed a willingness to pay more for June shipments, while European prices dropped on the high end, but lower grade sales shored up support for standard grade, while in the United States prices remained steady in a quiet market. China moves up and set to c...Read More
European alloy steel surcharges for June deliveries of grade-304 cold-rolled (CR) stainless steel sheet have risen for the fifth consecutive month on an increase in nickel costs to reach a six-year high.The June alloy surcharge for 2mm grade-304 CR stainless steel sheet - based on data published by Outokumpu, Acerinox and Aperam - is ?,?1,503-1,535 ($1,752-1,790) per tonne. This is up sharply mont...Read More
Chinese vanadium exporters held prices steady last week amid sluggish trading activity, while European ferro-vanadium prices bounced back due to tightening inventories. Chinese vanadium export prices steady amid thin trading activity European ferro-vanadium prices rebound on signs of inventory tightness Ferro-vanadium market weaker in the United States, with traders reduc...Read More
The latest metal markets news and prices moves for the start of the North American day on Tuesday May 29. Nickel and lead prices maintained broad strength during morning trading in Europe today, while the three-month tin and zinc prices rebounded from recent lulls amid a rallying US dollar. Here's how LME base metals prices looked at 13:18 London time:Check out the latest futures price moves in ou...Read More