Seaborne coking coal prices were firm on Tuesday January 30, with sellers expecting interest from Chinese buyers for seaborne cargoes to support trading activity. A premium low-vol cargo was heard to have changed hands at around $215 per tonne cfr China, market sources said on Tuesday. This follows a trade on a higher-ranked cargo at $217.50 per tonne cfr China at the end of last week. Domestic co...Read More
The seaborne iron ore market continued to slip on Tuesday January 30 amid a slight drop in the price of billet. Key drivers The billet market weakened late in the day, with prices falling 10 yuan ($1.60) per tonne to 3,580 yuan per tonne. Not many inquiries for seaborne cargoes of iron ore were heard on Tuesday. Premiums for Pilbara Blend fines offered against the February average of a 62% Fe inde...Read More
China's ferrous futures fell during morning trading on Tuesday January 30, extending the losses experienced a day earlier. Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,918 yuan ($619) per tonne, down 16 yuan per tonne May hot-rolled coil: 3,923 yuan per tonne, down 28 yuan per tonne Dalian Commodity Exchange May iron ore: 516.50 yuan per tonne, down 2 yuan per to...Read More
The London Metal Exchange has appointed James Cressy as its new chief operating officer, the exchange confirmed today. Cressy was previously head of operations for LME Clear and head of relationship management for the LME Group. "James's depth of...Read More
Despite beginning the year in good shape, the global iron ore industry is starting to experience a fresh drop in prices that has analysts trying to decide whether this is the start of a deeper downtrend or a pull-back.According to the Metal Bulletin, the price for benchmark 62% fines slipped Tuesday below $73 per tonne, down $1.36 per tonne month-to-date average.Chinese iron ore futures ticked hi...Read More
Mining giant Rio Tinto's (ASX, LON, NYSE: RIO) driverless trucks fleet has achieved a major milestone as it moved its one-billionth tonne of material in Western Australia's Pilbara region last month, the company said.The figure corresponds to roughly 25% of both ore and waste material hauled last year across the company's five sites in the Pilbara region, including the newly commissioned Silvergra...Read More
Base metals prices on the London Metal Exchange are weaker across the board by an average of 0.9% this morning, Tuesday January 30.Nickel prices lead the way with a loss of 1.8%, with the rest of the complex trailing in their wake: tin (-1.1%) zinc (-0.9%), copper (-0.8%, at $7,035 per tonne), aluminium (-0.4%) and lead (-0.1%). Volume has been strong with 12,588 lots traded as of 06.50 am London...Read More
The commissioning of Strategic & Precious Metals Processing's (SPMP) antimony roasting project in Oman is expected to be postponed due to a delay in the arrival of key electrical equipment, SPMP's parent company, Tri-Star Resources, announced last week The project, located in the Port of Sohar Free Zone, was initially expected to come online in the first quarter of 2018, but the company may have t...Read More
"What has really happened is they got so dirty that they tried a coup attempt. They tried to take over the government. They tried to negate an election."Bill Holter is currently a writer for Miles Franklin and Jim Sinclair's Mineset where he posts weekly commentaries on gold and financial markets. Prior to joining Miles Franklin in 2012, Bill Holter Worked as a retail stockbroker for 23 years, inc...Read More
Doug Casey of Casey Research explains why he thinks the next bubble will be in mining, and what investors can do to profit. Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider of subscription financial analysis about specific marke...Read More
Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stock market correction years in advance, Chris rose to prominence with the laun...Read More
Just as the Fed accelerates its QE Unwind. Treasuries reacted.Continue...Read More
Rory of The Daily Coin sat down with Chris Powell, Secretary Treasurer, GATA, to follow up on the arrest of 6 bank employees convicted of rigging the precious metals markets, how GATA see gold and silver returning to the monetary system and what all these new gold backed cryptocurrencies mean for the monetary system.Read More
Published on: Jan 30, 2018 | by finfeedKairos Minerals (ASX:KAI) has received promising assay results from its recent drilling program at its 100%-owned Roe Hills Project in Western Australia.The key focus of the program was previously defined gold mineralisation areas at Lingering Kiss, Terra and Lady of the Lake. The program consisted of 27 holes for 3,101 metres combined aircore/reverse circula...Read More
Feb 01, 2018 Guest(s): Jim Rickards Best-selling Author Industry heavyweights Jim Rickards, Rick Rule, and Peter Hug continue their debate on gold in Part 2 of the Ultimate Gold Panel at the Vancouver Resource Investment Conference. The discussion shifts to some of the fundamental drivers of the yellow metal's price. Have we reached peak gold supply? How will millennials, who have never acquired...Read More
Feb 01, 2018 Guest(s): Jim Rickards Best-selling Author Last year may have been ruled by bitcoin and the crypto space but is 2018 shaping up to be the year of the yellow metal? Watch the much anticipated debate between three titans of the gold space; bestselling author Jim Rickards, Sprott's Rick Rule, and Kitco Metals global trading director, Peter Hug give their matter-of-fact, point of views...Read More
Zapata Racing is testing a new hoverboard that is aiming to the Segway of the skies. Continue...Read More
GABORONE – Botswana's rough diamond exports fell by 17% in 2017 to 36.03-billion pula ($4-billion) due to weak demand in the second half of the year, central bank data showed on Tuesday.Diamond production in Botswana is predominantly from Debswana, an equal partnership between government and Anglo American’s diamond unit, De Beers.AdvertisementThe central bank did not provides figu...Read More
In 2011, Morgan Stanley put out a 50-page investment note on Tesla with a price target of $70, up from the price at the time of $23.71.Obviously, it was a good call even if it took two years to play out...The basic logic of the note was that in 1900, there were almost no cars in New York City.And 13 years later, there were almost no horses:It is true that Tesla's stock price has done very well ove...Read More
The price of Bitcoin briefly dipped below $10,000 Tuesday morning on news that The U.S. Commodity Futures Trading Commission (CFTC) had subpoenaed Tether and Bitfinex on December 6th. The irony of the U.S. government subpoena-ing a private company about the realness of their reserves is not lost on us. The gold that is supposedly at Fort Knox has not been audited since the 1950's. And the fact tha...Read More