The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday May 29:Titanium scrapTurnings, unprocessed type 90/6/4, 0.5% Sn max:...Read More
The price of rebar produced and delivered in Northern Europe fell by ?,?10-20 per tonne week on week after domestic mills lowered offers amid weak demand and import competition, market participants told Fastmarkets on Wednesday May 29. Fastmarkets' weekly price assessment for domestic rebar in Northern Europe was ?,?505-535 ($565-598) per tonne delivered on May 29, down from ?,?525-545 per to...Read More
This episode features an in-depth interview with the man of the hour in the gold-mining industry: Mark Bristow, president and CEO of Barrick Gold since Jan. 1, 2019, when its merger with Bristow-led gold miner Randgold Resources took effect.This exclusive interview was recorded live as a "fireside chat" with senior staff writer Trish Saywell at The Northern Miner's Canadian Mining Symposium held a...Read More
**FOLLOW KEV ON INSTAGRAM** http://www.instagram.com/kevinedwardsjrHelp me reach 4,600,000 subscribers! Click here to subscribe! ?-? https://goo.gl/1ldLPxSubscribe to GamingWithJaden: https://goo.gl/kPNdf9Subscribe to GoKameronGo: https://www.youtube.com/channel/UCE4_...Subscribe to GamingWithLalo- https://www.youtube.com/user/2andFohSubscribe to TStingray- https://www.youtube.com/channel/UC_MV......Read More
1. The fear trade for gold continues to gain fundamental strength. The technical picture is also solid. Please click here now. Double-click to enlarge. Gold is poised for significant upside action in the second half of this year.2. A large bull wedge is in play as institutional investors become more concerned about the slowing global economy.3. Please click here now. Double-click to enlarge. This...Read More
So the steel and aluminum tariffs have finally been lifted, yet the TSX index has barely shrugged in response - indeed, the metal and mining industry is down 3.3% this week and down 16.2% for the past year. While some pundits may have expected to see share prices of affected companies at least bob a little on the good news, the fact is that trashing the tariffs hasn’t had much of an effect o...Read More
1. The fear trade for gold continues to gain fundamental strength. The technical picture is also solid. Please click here now. Double-click to enlarge. Gold is poised for significant upside action in the second half of this year.2. A large bull wedge is in play as institutional investors become more concerned about the slowing global economy.3. Please click here now. Double-click to enlarge. This...Read More
TSLA had yet another bad week, closing down $19 (9%) from the previous Friday's close. Last week every attempted bounce in the stock was shortable on a daytrading basis. Currently Tesla's shares are trading at $188. It would likely be a lot lower if it weren't for Musk's repeated "leaked" emails loaded with dubious production and delivery claims, with both barrels pointed directly at short-sellers...Read More
China's president Xi Jinping had visited a rare earth processing plant last week, which was seen as leverage for trade talks given the country's dominance in supply.Chinese media reports yesterday then warned the US not to "underestimate China's ability to strike back", Reuters reported."The outcome of this has to be an increased focus outside China on rare earths production because while China ha...Read More
I'm not going to lie...I think our continued reliance on internal combustion is absolutely absurd.It is an outdated technology that needs to be retired.And it will be.The truth is, electric vehicles ARE the future of personal transportation.The transition is inevitable. But it's also not going to happen as fast as some would like.According to Bloomberg, by 2040, 57% of all passenger vehicle sales...Read More
By: Ira EpsteinRead More
By: Dave KranzlerTSLA had yet another bad week, closing down $19 (9%) from the previous Friday's close. Last week every attempted bounce in the stock was shortable on a daytrading basis. Currently Tesla's shares are trading at $188. It would likely be a lot lower if it weren't for Musk's repeated "leaked" emails loaded with dubious production and delivery claims, with both barrels pointed direct...Read More
By: Avi Gilburt I have now been writing for Seeking Alpha for approximately 6 years. And, I can honestly say that not much has changed in the readership base. Yes, that means you.You see, the same folks that have commented on my articles that Elliott Wave analysis is akin to voodoo are still making the exact same comments they made years ago.Do you think that the accuracy of our underlying anal...Read More
By: Jordan Roy-Byrne CMT, MFTAWe have written for over a year about the historical importance of the shift in Federal Reserve policy. We've noted that over the past 65 years in 11 of 13 rate cut cycles the gold stocks have enjoyed tremendous gains. The historical data shows an average gain of over 170% and median gain of almost 150%. As of Tuesday morning, the market showed an 84% chance of a...Read More
Dear Friend of GATA and Gold:Liechtenstein-based investment fund Incrementum's annual "In Gold We Trust" report, compiled by Ronald-Peter Stoeferle and Mark J. Valek, was published this week and again described the reasons for gold's glorious prospects. Among them:-- Loss of trust in international relations and everyday society amid ever-more-polarized politics.-- Gold's generally good performan...Read More
Although I usually let my charts tell me where stocks are headed next, the 'technicals' are a tad sunnier than I at the moment. This is notwithstanding recent weakness that has caused new record highs that were within spitting distance just a few weeks ago to recede. A 3095 target that lay just 4.5% from early May's peak now sits 10.5% away. It's certainly do-able, but I doubt buyers have the mo...Read More
Craig Hemke believes that the Fed will be forced to cut rates at the next meeting on June 18-19. The yield curve has become inverted which is almost always a precursor to recession. Is the economy actually weakening? It only takes two consecutive quarters of negative growth to make a recession. The Fed has run out of choices. Let's see what happens next.Known primarily by his nickname "Turd Fergus...Read More
Links to slides and sources: https://www.itmtrading.com/blog/db-da...According to the DB Q1 2019 Financial Report, leverage at Deutsche has expanded in the first quarter of 2019 and officially, they hold 3.9 Euro's of equity for every 100 Euro's of debt, so if the value of their holding drops just 4%, they are insolvent. Something that has occurred in recent years past. Because the global banks ar...Read More
Lies, lies and more lies. You're constantly being lied and there seems to be little appetite for the truth. More and more money gets printed up, the debt goes ever higher and yet nothing seems to happen. Chris believes that the US is immersed in a propaganda bubble, but outside the country he thinks they're a bit more open. But everyone knows there's more than enough propaganda to go around. Under...Read More
It's no secret that silver has been in the dumps for 8 years now. But David Morgan and myself are undeterred. The fiscal irresponsibility, profligate spending, dire world economics and so much more, leads one to the conclusion that an insurance policy is necessary. And precious metals always have been exactly that. And select miners are truly killing it. But it's going to take a catalyst to send p...Read More