In New York trade on Wednesday copper for delivery in December failed to capitalize on customs data from top consumer China showing a huge jump in imports of the red metal.Copper changed hands for $2.3895 per pound or around $5,297 a tonne in lunchtime trade on Tuesday, down some 1% from yesterday's close with the positive news out of China being offset by an announcement by top exporter Chile tha...Read More
Avino Silver & Gold Mines was up 2.05% to $1.49 after announcing a 148% production jump in its third quarter due to new mining equipment.Silver, gold and copper production were all up. Silver production increased by 84% to 399,836 oz. Gold production increased by 49% to 1,644 oz.Avino said there was a 12% increase in tonnes mined during the quarter, as well as a 27% increase in underground develop...Read More
Codelco's Chuquicamata is the world's largest open pit copper mine.Codelco, the world's biggest copper producer, rained on all the metal bulls' parade Tuesday, as the company said it plans to keep output targets and warned investors not to expect any dramatic changes to its $25 billion investment plan.Unlike its peers, particularly the No.3 copper miner Glencore, Codelco doesn't intend to hold ba...Read More
Agriculture, Coffee And Sugar: The Next Rally? … We discuss the long term bullish case for Rogers Agricultural Index ETN. 3 billion additional middle class consumers will support the demand for agricultural products over the next two decades. We discuss why Rogers Agricultural Index has been in a bear market since early 2011 and what is needed for the next bull market to start. We mention th...Read More
Politicians Exploit School Shooting While Ignoring Bombing Victims … Following the recent Oregon school shooting, many politicians rushed to the microphones to call for new gun control laws … The reaction to the shooting stands in stark contrast to the reaction to the US military's bombing of an Afghanistan hospital run by the international humanitarian (and Nobel Peace Prize winni...Read More
Agriculture, Coffee And Sugar: The Next Rally? … We discuss the long term bullish case for Rogers Agricultural Index ETN. 3 billion additional middle class consumers will support the demand for agricultural products over the next two decades. We discuss why Rogers Agricultural Index has been in a bear market since early 2011 and what is needed for the next bull market to start. We mention th...Read More
Politicians Exploit School Shooting While Ignoring Bombing Victims … Following the recent Oregon school shooting, many politicians rushed to the microphones to call for new gun control laws … The reaction to the shooting stands in stark contrast to the reaction to the US military's bombing of an Afghanistan hospital run by the international humanitarian (and Nobel Peace Prize winni...Read More
Stand-up comedy is a comic style in which a comedian performs in front of a live audience, usually speaking directly to them. The performer is commonly known ...Read More
Source: Brian Sylvester of The Gold Report (10/12/15) Some $2 trillion is being invested worldwide by private equity funds every year with a chunk of that destined for junior mining companies. Demand is as strong as or stronger than ever as investors see a shopping opportunity. Who is deciding where it goes and based on what criteria? At the annual Fall Mining Showcase event in Toronto, Red Cloud...Read More
Mining and commodity trading giant Glencore (LON:GLEN) has kicked off the process to sell its Australian copper mine in Cobar, New South Wales, and its Lomas Bayas copper mine in the Atacama desert in Chile.According to the BBC, Glencore said it has received a number of unsolicited expressions of interest for the mines and that potential buyers can bid to purchase "either one or both of the...Read More
Fed's Fischer Says Economy May Merit Liftoff Later This Year … Federal Reserve Vice Chairman Stanley Fischer said the U.S. economy may be strong enough to merit an interest-rate increase by year end, while cautioning that policy makers are monitoring slower domestic job growth and international developments in deciding the precise timing of liftoff. At the Federal Open Market Committee...Read More
Here's what $66 gets you in Medellin … Last night after a flurry of legal meetings and property tours throughout the day, I had drinks with a Canadian real estate developer who set up shop here in Medellin a few years ago. Medellin's mountainous geography constrains growth, and this is likely going to heavily influence prices over the long term. So for now, this place is one of the m...Read More
Fed's Fischer Says Economy May Merit Liftoff Later This Year … Federal Reserve Vice Chairman Stanley Fischer said the U.S. economy may be strong enough to merit an interest-rate increase by year end, while cautioning that policy makers are monitoring slower domestic job growth and international developments in deciding the precise timing of liftoff. At the Federal Open Market Committee...Read More
Here's what $66 gets you in Medellin … Last night after a flurry of legal meetings and property tours throughout the day, I had drinks with a Canadian real estate developer who set up shop here in Medellin a few years ago. Medellin's mountainous geography constrains growth, and this is likely going to heavily influence prices over the long term. So for now, this place is one of the m...Read More
Charles Poliquin (@strengthsensei) is one of the best known strength coaches in the world. He has trained elite athletes from nearly 20 different sports, including Olympic gold medalists, NFL All-Pro's, NHL All-Stars and Stanley Cup champions, and IFBB bodybuilding champions. His clients include long-jump gold medalist Dwight Phillips, NHL MVP Chris Pronger, and MLB batting champion Edgar Martinez...Read More
The sun also risesOver the past week crude oil prices have jumped 13%, platinum is up 8%, copper 4.8% and industrial metals 5.2% on average after double digit gains for zinc. Aluminum gained more than 5% over the week while benchmark iron ore price advanced by the same margin.Even after including more modest advances for the agricultural sector (cocoa is the sole commodity that lost value) it's...Read More
Glencore will temporarily suspend operations at Lady Loretta and reduce production at George Fisher and McArthur River operations, the company announced on Friday.ABC News reports that 242 workers will lose their jobs at Lady Loretta Mine while while 224 positions will be lost from George Fisher, and 69 at the McArthur mine.The closures gave zinc a bump. The Wall Street Journal says zinc rose 6.7%...Read More
For conscious shoppers at Whole Foods, it was a nightmare to learn that the company had US prison labor in its supply chain. After more than a year of negative publicity culminating in protests outside of its stores in Houston, Texas, Whole Foods announced last week that it will stop sourcing foods that are made with prison labor. Happy ending? Not so fast.Corporations like Whole Foods need to be...Read More
For conscious shoppers at Whole Foods, it was a nightmare to learn that the company had US prison labor in its supply chain. After more than a year of negative publicity culminating in protests outside of its stores in Houston, Texas, Whole Foods announced last week that it will stop sourcing foods that are made with prison labor. Happy ending? Not so fast.Corporations like Whole Foods need to be...Read More
Robert Shiller Interview: why one of the world's smartest economists is worried about the bond marketYale professor and Nobel Prize winner Robert Shiller talks to Merryn Somerset Webbabout the bond market, and how the power of 'stories' drives the global economy, and creates financial bubbles.Recorded February 2015Click here to sign up to MoneyWeek videos: http://tinyurl.com/zg57szyRead More