China's domestic rebar prices moved up slightly on Thursday December 19 amid rising futures after the release of data pointing to a drop in output. Domestic Eastern China (Shanghai): 3,810-3,840 yuan ($544-548) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,500-3,540 yuan per tonne, up 10-20 yuan per tonneMajor steel mills produced 3.58 million tonnes of rebar in the week to Thursday,...Read More
Spot market prices for alloy-grade and standard-grade cobalt diverged in the first half of the week. Large spot inquiries continued to materialise for certain brands and shapes of metal, though sales of off-grade units have clouded any optimism in the standard-grade market so far.Fastmarkets' price assessment for cobalt, standard-grade, in-whs Rotterdam, fell 10 cents on the high and low of the ra...Read More
Two weeks of strikes in protest against government plans to reform pension arrangements have delayed some minor metals deliveries that will now be postponed until 2020."It's very difficult to get material in and out of France and this is practically the last week of the year to ship goods to customers," a European minor metals trader said. "From next week onwards, most manufacturers close or are...Read More
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Incitec Pivot CEO Jeanne Johns told the company's annual general meeting in Melbourne, Victoria, the "accelerating adoption of premium technology by the mining industry is driving strong demand for our electronic detonators and unique emulsion delivery systems".Core business unit Dyno Nobel, which produces about 54 million pounds of packaged explosives and more than 1.2 million tonnes of ammonium...Read More
Police departments around the country are warning car owners about a resurgence in a particularly annoying and costly crime for victims: catalytic converter thefts.In the past four weeks alone, police officials in at least 11 states from Delaware to California have cautioned car owners about an increase in reports of stolen catalytic converters and offered measures to help prevent thefts. And this...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 344,49358,218114,165202,432521,051661,090693,434 Change from Prior Reporting Period 15,324-3112,756-94215,39427,13828,119 Traders 21062725555290167 Small Speculators LongShortOpen Interest 55,89723,553716,987 -154-1,13526,984 non reportable positionsChang...Read More
The gold miners' stocks have suffered a lackluster few months. That's a disheartening contrast to their powerful summer upleg on gold's bull-market breakout. While this healthy gold-stock correction likely isn't over yet, the gold miners remain very undervalued relative to the metal they produce. That means they still have massive upside left in this secular gold bull. Sentiment just n...Read More
Jordan Roy-Byrne CMT, MFTAIn recent weeks we've noted the positive developments in the gold stocks despite the sector being in a period of correction. Last week we shared the idea that the next impulsive move in gold stocks might begin when the correction in the metals ends. In this article, I'm going to share the one chart which I think will help us time that next move higher. In recent year...Read More
By: Ira EpsteinGold remains under the 18 week moving average, but had a good day yesterday..Read More
Do not think of 2020. Just focus on end January. January is significant for three reasons for financial markets (a) Trump and his impeachment proceedings (b) Chinese New year is around 25th January. Chinese retail demand numbers and Chinese demand for gold and silver will be the key. (c) Brexit and increase or decrease in global mass unrest in India, Hongkong etc. At this point all these factors...Read More
Next year's macroeconomic growth forecast will not be strong, but as long as the Federal Reserve remains accommodative, equities can remain high, this according to best-selling author Jim Rickards."[Some analysts] give recession almost a 0% chance in the next six months, and I agree with that, probably not even more than a 30% chance," Rickards told Kitco News.Jim Rickards is a lawyer, investment...Read More
Eric Sprott discusses the year end price action in the precious metals and answers listener questions regarding some specific mining companies.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 S...Read More
Eric Sprott answers listener questions regarding gold and the gold miners and provides commentary on some specific companies in the sector.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 Sprot...Read More
Harley Schlanger's work can be found at LaRouchePAC.com.Read More
The only areas where Wikipedia may be accurate are where the topics have nothing to do with a political agenda. Where there are any controversial political topics, current events, conspiracy theories, and Continue...Read More
Erik Townsend and Patrick Ceresna welcome Jim Bianco to MacroVoices. They discuss Jim's views on Zoltan Pozsar's theory of repo dislocation, if QE4 is imminent in the near future and what's on the horizon for the bond market and the fixed income marketRead 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
Short selling is a touchy subject. And I can see the industry hate mail coming already. Katusa is heading to the dark side of the industry and joining the short and distort syndicates. Let's get one thing Continue...Read More