Trading activity in China's hot-rolled coil market thinned on Thursday November 21, with participants exercising caution after several days of gains.DomesticEastern China (Shanghai): 3,660-3,680 yuan ($521-524) per tonne, narrowing downward by 20 yuan per tonneNorthern China (Tangshan): 3,650-3,670 yuan per tonne, widening downward by 20 yuan per tonneBuying slowed across the country, which exerte...Read More
Discouraging news from China over the "phase one" trade deal with the United States has led to less risk appetite, which for now is affecting the broader markets more than the metals, which were broadly firmer on Thursday November 21.Asian equities weaker, led by a 1.5% decline in the Hang Seng. US 10-year treasury yields fall as the outlook for a trade deal deteriorates. Base metalsThree-month ba...Read More
Chinese stainless steel prices dived over the past week amid a sustained downtrend for nickel futures on the London Metal Exchange.The three-month nickel contract on the LME ended Wednesday November 20's trading session at $14,350-14,375 per tonne, down $4,100 per tonne from a five-year high of $18,450-18,475 per tonne on September 2.DomesticFastmarkets' weekly price assessment for stainless steel...Read More
Base metals prices on the Shanghai Futures Exchange were mixed during the morning trading session on Thursday November 21 after trade headlines continued to cast doubts on the likelihood of a near-term deal between China and the United States.Market sentiment was subdued this morning after several negative trade developments on Wednesday, the first being the passing of a bill by the US Senate that...Read More
The Chinese cobalt sulfate price fell again in the latest pricing session, under constant pressure since mid-October from significantly shrinking buying appetite amid a bearish near-term outlook for electric vehicle (EV) development. Fastmarkets' assessment of the cobalt sulfate 20.5% Co basis, exw China price dropped to 44,000-46,000 yuan ($6,248-6,532) per tonne on Wednesday November 20, do...Read More
An overview of the minor metals markets and their latest price moves.Read More
The mid-tier gold miners just reported their results for a phenomenal gold quarter. In Q3'19 this metal surged after its first bull-market breakout in years, driving much-higher prevailing prices. That should've led to soaring profits for these mid-tiers in the sweet spot for stock-price upside potential. Last quarter's results are the most important this sector has seen in a long time, a key fund...Read More
The mid-tier gold miners just reported their results for a phenomenal gold quarter. In Q3'19 this metal surged after its first bull-market breakout in years, driving much-higher prevailing prices. That should've led to soaring profits for these mid-tiers in the sweet spot for stock-price upside potential. Last quarter's results are the most important this sector has seen in a long time, a key fund...Read More
Bob Moriarty ArchivesNov 22, 2019When the precious metals bull begins to roar, silver roars along with it. In general, when the metals go down silver goes down more and faster than gold. When precious metals climb, silver climbs faster and goes higher. So if you believe that we are in a metals bull market you may well want to own a good silver stock. That and knowing that silver investors are goof...Read More
"We don't feel the equity markets are valuing our assets right now," Taseko president Stuart McDonald told Mining Journal.Read More
Harold, who will officially start in March 2020, comes into the top job as Poseidon looks to restart the Black Swan nickel mining operations north east of Kalgoorlie in 2020.Black Swan currently has an estimated 16,000t of contained nickel being targeted for mining and processing, with an investment decision pending and first production anticipated 6-9 months later.Capex and operating cost estimat...Read More
In the desert about two hours north of Los Angeles, a business concern backed by West Coast tech billionaires has been secretly testing an experimental concentrated solar energy facility.Now the company has revealed itself to the public, claiming a groundbreaking technological solar breakthrough it says can reduce carbon emissions at an industrial scale.Up next, the company is already hinting at a...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 337,29651,437109,736206,626525,721653,658686,894 Change from Prior Reporting Period 14,107-4,6862,250-3,44114,18612,91611,750 Traders 20355775458284171 Small Speculators LongShortOpen Interest 65,55332,317719,211 -2,168-1,00210,748 non reportable position...Read More
The mid-tier gold miners just reported their results for a phenomenal gold quarter. In Q3'19 this metal surged after its first bull-market breakout in years, driving much-higher prevailing prices. That should've led to soaring profits for these mid-tiers in the sweet spot for stock-price upside potential. Last quarter's results are the most important this sector has seen in a long time,...Read More
- David Smith, The Morgan ReportSince the Federal Reserve detached the dollar from the gold standard in 1971, the world's central bankers - with the Fed leading the charge, have flooded the world with fiat currency to the point of diminishing its purchasing power to shadow status.A common belief during the early decades of the former Soviet Union's rise after 1917 was that, according to Marxis...Read More
By: Avi GilburtMany people feel that the metals are too hard to trade. Personally, I view them as much easier to trade since they are a rather pure sentiment trade. And, they have acted almost perfectly within our expectations of late.On Friday, one of our members pointed out to me that the GLD fund has seen its largest withdrawal since late 2016. And, as we now know, that was right before t...Read More
Next week is a thanksgiving week. There will be a position squaring and rebuilding on two counts. (a) Gold, silver and copper comex December futures are expiring. (b) Traders will look to book some profit in their open positions. In my view, at the moment, there are more long positions than short positions in gold and silver. Later in the first week of December will be the usual various US jobs...Read More
Karl Denninger is an American technology businessman, finance blogger, and political activist, sometimes referred to as a founding member of the Tea Party movement. His website is The Market Ticker. Read More
Full Transcript: https://www.moneymetals.com/podcasts/...David Morgan is a world-renown precious metals aficionado. He is the creator of the Silver-Investor.com website and The Morgan Report, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over t...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