Lachlan Broadfoot has become the sixth person to head up Behre Dolbear since it was established back in 1911. Staff reporter Lachlan Broadfoot has become Behre Dolbear's sixth CEO16 MARCH 201816/03/2018commentsshareThe mining consultancy and advisory group has appointed Broadfoot as CEO as it looks to further expand its service offering.Broadfoot has an impressive CV, having worked at Anglo Am...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
By Alasdair MacleodThe measure of a man's real character is what he would do if he knew he would never be found out. Lord Macaulay wrote this nearly two hundred years ago. His aphorism is particularly apposite of modern politicians, and also of the modern state itself, which is meant to be selfless in the interest of the common good. We can be certain that when a person moves from outside to ins...Read More
CloseGain/LossOn WeekGold $1313.60-$2.90-0.75%Silver$16.33-$0.06-1.51%XAU78.70-0.14%-0.25%HUI171.16-0.24%-1.02%GDM598.50-0.3%-0.81%JSE Gold1050.82-17.12-6.73%USD90.21+0.06+0.09%Euro122.87-0.18-0.17%Yen94.32+0.21+0.67%Oil$62.34+$1.15+0.48%10-Year2.845%+0.020-1.79%Bond145.46875-0.34375+0.98%Dow24946.51+0.29%-1.54%Nasdaq7481.99+0.00%-1.04%S&P2752.01+0.17%-1.24% The Metals: G...Read More
Canadian mining technology firm Newtrax Technologies has appointed Boris Burgos as vice president of Latin America as it continues to target growth in the region.Staff reporterBoris Burgos has been promoted at NewtraxNewtrax16 MARCH 201816/03/2018commentsshareCanadian mining technology firm Newtrax Technologies has appointed Boris Burgos as vice president of Latin America as it continues to target...Read More
The gold miners’ stocksremain deeply out of favor, trading at prices seen when gold was half or even aquarter of current levels. So manytraders assume this small contrarian sector must be really struggling fundamentally. But nothing could be farther from thetruth! The major gold miners’recently-released Q4’17 results prove they are thriving. Their languish...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
Some steel product prices in the United States have risen in response to the looming introduction of 25% tariffs on imports, while sentiment in steel markets outside the US has been dampened by fears of potential shifts in trade flows. US president Donald Trump signed the 25% tariff into law on March 8 after the conclusion of his government's Section 232 investigation, and from Friday March 23 the...Read More
The gold miners' stocks remain deeply out of favor, trading at prices seen when gold was half or even a quarter of current levels. So many traders assume this small contrarian sector must be really struggling fundamentally. But nothing could be farther from the truth! The major gold miners' recently-released Q4'17 results prove they are thriving. Their languishing stock prices are the re...Read More
On Thursday crude oil wavered between smallgains and losses, but finished the day only 23 cents above Wednesday closingprice. Such small daily changes that we observe recently don’t look too encouragingfor oil bulls or for the bears. However, to dispel boredom, we rummaged deeper inthe charts and we found something that may interest both sides of the market’sbattle. Curious?Nevertheles...Read More
In 1992 a book entitled "Bankruptcy 1995: The Coming Collapse of America and How to Stop It" hit the nation by storm. Written by Harry Figgie, a prominent businessman who had built a Fortune 500 company, and Gerald Swanson, an economics professor with expertise in public finance, it forecast that the US federal government would go bankrupt in 1995 and default.The default would arise from a currenc...Read More
By Nathan McDonaldFor years, a trend has developed that, much to the dismay of global financial elites, has taken hold and will only accelerate from this point on. The trend I speak of is none other than the global repatriation of gold reserves from Western powers such as the United States and the United Kingdom. Since the end of World War 2, both have been the main depositories of gold reserves...Read More
Flat steel prices in Turkey's domestic market went down slightly this week, while import and export prices were unchanged amid weak demand, market participants told Metal Bulletin on Friday March 16.Local producers were fully booked until June.Domestic pricesHot-rolled coil (HRC) producers in Turkey have been offering material at $670 per tonne ex-works for late-May and early-June production, whil...Read More
CloseGain/LossOn WeekGold $1313.60-$2.90-0.75%Silver$16.33-$0.06-1.51%XAU78.70-0.14%-0.25%HUI171.16-0.24%-1.02%GDM598.50-0.3%-0.81%JSE Gold1050.82-17.12-6.73%USD90.21+0.06+0.09%Euro122.87-0.18-0.17%Yen94.32+0.21+0.67%Oil$62.34+$1.15+0.48%10-Year2.845%+0.020-1.79%Bond145.46875-0.34375+0.98%Dow24946.51+0.29%-1.54%Nasdaq7481.99+0.00%-1.04%S&P2752.01+0.17%-1.24% The Metals: G...Read More
Cycles, cycles everywhere. We've already discussed the current state of the U.S. business cycle, arguing that the expansion should last for a while, although it is more advanced than in Europe. However, business cycles aren't the only creatures living in an economic zoo. They are simply the most popular within the modern macroeconomics. The post-war business cycles lasted, on average, almost 6 y...Read More
CloseGain/LossOn WeekGold $1313.60-$2.90-0.75%Silver$16.33-$0.06-1.51%XAU78.70-0.14%-0.25%HUI171.16-0.24%-1.02%GDM598.50-0.3%-0.81%JSE Gold1050.82-17.12-6.73%USD90.21+0.06+0.09%Euro122.87-0.18-0.17%Yen94.32+0.21+0.67%Oil$62.34+$1.15+0.48%10-Year2.845%+0.020-1.79%Bond145.46875-0.34375+0.98%Dow24946.51+0.29%-1.54%Nasdaq7481.99+0.00%-1.04%S&P2752.01+0.17%-1.24% The Metals: G...Read More
Cycles, cycles everywhere. We've already discussed the current state of the U.S. business cycle, arguing that the expansion should last for a while, although it is more advanced than in Europe. However, business cycles aren't the only creatures living in an economic zoo. They are simply the most popular within the modern macroeconomics. The post-war business cycles lasted, on average, almost 6 yea...Read More
We have seen downgrade after downgrade on Barrick Gold (ABX) for years. Many keep looking lower and lower, with some even considering that this stalwart in the miners’ complex may even go out of business due to its debt load.However, back in 2015, it was one of the first miners to bottom. In fact, when we saw the potential bottoming of ABX in 2015, we actually opened our EWT Miners Portfolio...Read More
By Ira EpsteinMetals continue to work lower due in part to stronger US Dollar. https://www.iraepstein.com/ Read More
Imports prices for flat steel products in South America fell back this week after the recent upsurge, with buyers resisting high prices."Chinese mills are trying to raise prices further, but bids are coming at lower levels, forcing firms to back off," a Brazil-focused trader said.Metal Bulletin's weekly price assessment for hot-rolled coil (HRC) imports into South America declined to $640-650 per...Read More