Continue...Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Limited which acts as an investm...Read More
"gold's technicals are improving and silver's are so positive that you have to wonder if there's a catch, though what that..."by John Rubino of Dollar CollapseThe past few months have seen some unusual, maybe even unique, developments in the gold and silver futures markets, with gold becoming extremely bearish and silver almost ridiculously bullish.Neither imbalance has amounted to much in terms o...Read More
Import prices for rebar in Singapore were up over the past week due to higher offers for China-origin materials.There were mainly only China-origin mill cargoes in the spot market, with about three Chinese mills offering export materials. This included a major Chinese mill offering rebar at $570 per tonne fob China, and two others which followed its lead.Singapore buyers said they were getting off...Read More
The past few months have seen some unusual, maybe even unique, developments in the gold and silver futures markets, with gold becoming extremely bearish and silver almost ridiculously bullish. Neither imbalance has amounted to much in terms of price action, so it's not clear whether the most recent changes matter. Still, the action in both gold and silver futures remains unusual enough to bear w...Read More
"It's better if they don't understand it," Buffett said Monday morning. "If you don't understand it you get much more excited."Continue...Read More
China's domestic rebar prices dropped on Monday May 7 following falls in the billet market over the weekend. Domestic Eastern China (Shanghai): 4,000-4,050 yuan ($629-637) per tonne, down 50-60 yuan per tonneNorthern China (Beijing): 3,890-3,940 yuan per tonne, widened down 20 yuan per tonneBillet prices dropped sharply during the weekend on high selling interest, which prompted rebar traders to c...Read More
By Steve St. AngeloThe switch from Central bank gold sales to purchases had a big impact on the gold market. Precious metals investors fail to realize that Central banks sold a staggering amount of gold into the market up until 2009. It's also quite interesting that Central banks became net purchasers after the 2008 Market meltdown.There's been a lot of speculation as to why the Central bank...Read More
"I will be announcing my decision on the Iran Deal tomorrow from the White House at 2:00pm."Continue...Read More
Physical iron ore prices stayed rangebound on Monday May 7 amid weakness in the steel markets.Metal Bulletin 62% Fe Iron Ore Index: $67.26 per tonne cfr Qingdao, up by $0.98 per tonne Metal Bulletin 58% Fe Premium Index: $55.56 per tonne cfr Qingdao, down by $0.06 per tonne Metal Bulletin 65% Fe Iron Ore Index: $85.30 per tonne cfr Qingdao, up by $0.40 per tonneMetal Bulletin 62% Fe China Port Pri...Read More
About a year ago, Argentina - which has inflated away and/or defaulted on its currency every few decades for the past century - issued 100-year government bonds.Continue...Read More
Ferrous futures in China posted further gains during morning trading on Monday May 7 amid spot price increases and China opening up iron futures on the Dalian Commodity Exchange to overseas traders last Friday.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,679 yuan ($578) per tonne, up 44 yuan per tonneOctober hot-rolled coil: 3,765 yuan per tonne, up 44 yuan p...Read More
President and CEO Trent Mell said the 2018 drilling programme would continue targeting 15 areas with historic mines but the Kerr area was now a high priority for exploration.Among the latest highlights, 4.6m at 0.27% cobalt included 1.8m at 0.56% cobalt and 0.47% copper.The company also intercepted 8m at 31g/t silver in the same vein network which highlighted "the potential for undi...Read More
SHANGHAI, May 7 (SMM) – Nonferrous metals futures rose for the most part on Monday May 7 as SHFE zinc led the gains with an increase of nearly 2.3%. Lead grew 2%, aluminium and nickel inched up, and copper went flat. Tin dipped slightly.The ferrous complex saw coking coal surge almost 4%. Coke gained over 2%, while hot-rolled coil and iron ore inched up. Rebar went down slightly.Copper: The...Read More
China's domestic rebar prices dropped on Monday May 7 following falls in the billet market over the weekend. Domestic Eastern China (Shanghai): 4,000-4,050 yuan ($629-637) per tonne, down 50-60 yuan per tonneNorthern China (Beijing): 3,890-3,940 yuan per tonne, widened down 20 yuan per tonneBillet prices dropped sharply during the weekend on high selling interest, which prompted rebar traders to c...Read More
RAPAPORT... The Carat+ show opened on Sunday, helping to raisesentiment in the Antwerp diamond market. Exhibitors noted busy visitor traffic on the opening day,which culminated in the Carat+ Night event, featuring actress Elizabeth Hurleyas the guest of honor. More than 2,400 professionals attended on Sunday, whichwas beyond expectations for the second edition of the show, organizers said. Traff...Read More
The rise took its market capitalisation to C$1 billion.The company was created by Watusi Capital Corp exchanging shares for an option over a portfolio of Altius Minerals' copper-gold projects in Chile.Aethon said it had C$8 million (US$6.2 million) in cash and no debt and its most advanced property Arcas was contiguous to projects being explored by Antofagasta Minerals and Anglo American.At the bi...Read More
SHANGHAI, May 7 (SMM) – Spot copper was mostly offered at a discount of 10 yuan/mt to a premium of 40 yuan/mt over the SHFE 1805 contract on Monday May 7 in the Shanghai market. This compared with a discount of 30 yuan/mt to a premium of 10 yuan/mt last Friday.High-quality copper saw more trades as traders were keen to purchase due to the approaching delivery date for SHFE 1805 contract...Read More
(IDEX Online) - More than 2,400 industry professionals attended the first day of CARAT+ on Sunday, far surpassing expectations, according to the organizers. The highlight of the opening day on Sunday was model and actress Elizabeth Hurley and a surprise collection of vintage cars. Hurley, who wore Cascade collection jewels by CARAT+ exhibitor Roberto Coin, formally opened the show by c...Read More
RAPAPORT... Revenue from the retail division of Warren Buffett'sBerkshire Hathaway increased 5% to $3.64 billion in the first quarter, thecompany reported Saturday. The improvement in the segment, which includes jewelrychains Borsheims, Helzberg Diamonds and Ben Bridge Jeweler, was primarilydriven by the company's automotive sector, as well as candy sales over theEaster holiday. Pre-tax earnings f...Read More