Prices for seaborne cargoes of premium hard coking coal tumbled on Thursday July 25, with pervading pessimism taking hold of this segment of the market.An August-loading cargo of premium low-vol hard coking coal was traded at $185.50 per tonne cfr China during the day, sources said. This sent the Fastmarkets index for premium hard coking coal, cfr Jingtang to $184.16 per tonne, down $5.62 per tonn...Read More
Gains in the futures market failed to stimulate China's rebar prices on Thursday July 25, with sellers being under pressure to secure orders.Domestic Eastern China (Shanghai): 3,920-3,960 yuan ($570-576) per tonne, unchangedNorthern China (Beijing): 3,880-3,910 yuan per tonne, unchangedWeak demand attributed to bad weather over the past week resulted in rebar inventory levels at mills and the spot...Read More
There is some optimism in the markets because US-China trade talks are on the agenda again and expectations are running high for dovish talk from the European Central Bank (ECB) at its meeting later on Thursday July 25.Manufacturing purchasing managers' index (PMI) data out on Wednesday was generally negative, apart from a pick-up in Japan's figure.Asian equities are showing strength with China's...Read More
Key data from the Wednesday July 24 pricing session in Shanghai. Key driversThe price of cobalt metal in China is steady so far this week after narrowing upward on July 19 against a backdrop of aggressive speculative buying. But the number of spot trades fell despite active inquiries after investors took a more cautious stance following the increase in prices. Spot availability...Read More
Domestic stainless steel prices in China strengthened over the past week, though the past few days saw some of those gains being shed amid fluctuating nickel futures.Fastmarkets' price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China in the country's major market of Wuxi was 14,900-15,400 yuan ($2,166-2,239) per tonne including value-added tax for the week ended...Read More
Extraordinary feats of magic are taking place right under our noses.And the magician pulling off these incredible tricks would make David Copperfield scratch his head in amazement.First, I want you to take a look at the Sino Energy 1, a Hong Kong-flagged oil tanker:From a size perspective, the Sino Energy 1 isn't the largest crude tanker at sea.Built in 1999, she measures roughly 182 meters in len...Read More
Strategic Metals Ltd. (TSX-V: SMD) is a project generator, focused in the Yukon, with a portfolio of more than 130 projects that are the product of over 50 years of focused exploration and research by a team with a track record of major discoveries. Current projects include 116 wholly owned, 5 joint ventures, 5 under option and 8 royalty interests. We learned from Richard Drechsler, VP Communicati...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 311,88160,63156,198175,785463,624543,864580,453 Change from Prior Reporting Period 2,346-3,4037,764010,43110,11014,792 Traders 22064915963316189 Small Speculators LongShortOpen Interest 72,99536,406616,859 4,84916714,959 non reportable positionsChange fro...Read More
Dear Friend of GATA and Gold:Today the European Central Bank announced the expiration without replacement of the latest central bank gold agreement. The ECB's announcement is appended.What does it mean?The announcement attributes the decision to let the agreement expire to the gold market's having become "mature," but how did the gold market suddenly "mature" when, upon the signing of the first...Read More
Daniel R. Amerman If there is a recession in the next one to two years, there is also likely to be another bear market for stocks. Based on their experience over their lifetimes, many investors are expecting a "normal" bear market in that event, perhaps in the 20% to 25% range in terms of losses.However, we are not in normal times, and we have seen a fundamental change in stock valuations over...Read More
After claiming to be the greatest at just about everything, Donald Trump has finally found an area where he can stake a credible claim. By negotiating a disastrous budget deal with Democrats, the President could become the greatest creator of government debt in the history of the country. While Trump is selling the two-year deal as a major victory because it increases military spending and remov...Read More
Gary ChristensonIndividuals dream about winning the lottery, stock market profits, reducing debt, earning more income, attractive sex partners, and tasty food. But our dreams can turn into nightmares filled with inflation ghosts and monsters.The derivative monster is a destroyer. Deutsche Bank stock closed at $6.76 on June 7, 2019, down from over $100 in 2007. A repeat of 2007 is possible. Price...Read More
By: Avi GilburtLast weekend, the important point of note was that silver had basically run out of room. It had a series of 1's and 2's set up for it to "melt up," but it had to do so rather soon. Well, this past week, I would say that silver finally followed through and it took it directly to the level at which I noted on the chart was our next major resistance level. In fact, we were almost...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
Bob brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 820 missions in Vietnam. He holds 14 internati...Read More
Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately predicted Japan's collapse in 1989, the d...Read More
"The next breakout point had to be $1,450. I believe when it breaks beyond that, it's going to spike for the $2,000 mark," Celente told Kitco News.Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally c...Read More
Brent discusses his background and how his fathers love of metal detecting developed in him an interest in the commodities space. His work with Credit Suisse taught him a lot about how Wall Street functions. He cautions investors that there is almost too much information available on the internet and that often leads to narrow viewpoints and echo chambers. He feels that people should own gold as i...Read More