Aluminium's three-month price on the London Metal Exchange continued its decline during morning trading on Tuesday April 30, continuing to trade at its lowest level since January while its total volumes traded led the complex with more than 5,000 lots changing hands as of 9:30am London time. The light metal's three-month price reached a low of $1,815 per tonne over the morning session, down by mor...Read More
Fastmarkets proposes to amend the specifications of its benchmark in-warehouse Rotterdam price assessments to incorporate grade-1 and grade-2 Norilsk cut cathodes within its list of accepted cobalt brands. According to preliminary market feedback, grade-1 and grade-2 cobalt cut cathodes produced by Norilsk are now commonly accepted by consumers of cobalt and are regularly traded in the spot market...Read More
A summary of Glencore's production results for the three-month period ended on March 31, 2019, as well as its adjusted full-year production guidance.In brief Glencore produced 320,700 tonnes of copper content in the form of copper metal, copper anodes and copper concentrates in the first three months of 2019, down by 7% from 345,400 tonnes during January-March of 2018. The company attributed the 7...Read More
A sharp increase in manganese ore production from Ghana since early last year has led to increasing volumes of the ore being sold as raw material for China's manganese alloy market, in addition to its traditional application, manganese metal, market sources told Fastmarkets.The world's largest manganese metal producer, China's Ningxia Tianyuan Manganese Industry Co (TMI), agreed in 2016 to buy Jer...Read More
Manganese alloy prices decrease again in China amid thin buying and deteriorating sentiment over rising stocks, Fastmarkets learned. Import and port manganese ore prices down in China Silico-manganese weakens, lower tenders expected Indian silico-manganese price range narrows on higher offers European alloy prices hold US manganese alloys slideManganese ores prices weakened in China on Friday Apri...Read More
Base metals prices on the London Metal Exchange were for the most part treading water this morning, Tuesday April 30, while the market digests the disappointing Chinese data released earlier. This, combined with the fact that many Asian market participants are away for holidays this week, is likely to lead to subdued trading - but reduced liquidity could also lead to increased volatility.China's m...Read More
Haywood Securities has initiated coverage of Minera Alamos (TSXV: MAI) with a buy rating and 12-month target price of 40 ? per share - a 281% return from the junior's current share price of 11 ?."Minera Alamos holds two development projects in its project portfolio that can be quickly ramped up to production, with the potential to produce ~ 100,000 oz. gold over the next few years," mining analyst...Read More
Mira el "Video Oficial" de "Yo Cuido DEL" de T3R Elemento ft. Oscar Cortez y Lenin Ramirez | Suscribete al canal oficial de DEL Records https://goo.gl/7BcbxR | Yo Cuido DEL - (Video Oficial) - T3R Elemento ft. Oscar Cortez y Lenin Ramirez - DEL Records 2019Luego del ?(C)xito obtenido con la canci??n "Hierba de receta", los m??sicos de T3R Elemento volvieron a hacer mancuerna con los talentosos can...Read More
When people talk about diversification, what they’re often referring to is non-correlation. That is, investments that offset each other’s volatility.One of the most popular non-correlated assets is gold. In many bear markets, the price of gold has actually risen. When times get tough, it can pay to remain diversified.If you’re looking to diversify your portfolio with gold stocks,...Read More
The semiconductor stocks continued melting up last week until Intel threw some cold water on the Dutch tulip bulb price-chasing party. TXN reported Tuesday after the close. Revenues declined 5% from the year-earlier quarter. The management stated that "demand continued to slow across most markets. TXN then said Q2 revenues would drop 10% from Q2 2018. It said earnings would be down 13%. Management...Read More
Avocet requested the suspension with immediate effect.The same thing happened last year, with the suspension lasting for two months after it also missed the deadline for publishing its 2017 accounts and holding an annual general meeting.Avocet explained it had not been able to complete the audit for the 2018 annual report due to ongoing discussions with Managold regarding the costs incurred as par...Read More
The official resurrection date of the historic mine was last Wednesday (April 24) when a 72,000-tonne cargo of high-grade haematite ore valued at more than US$8 million left aboard a bulk carrier forRead More
Every investor with a dime in the market has followed Warren Buffett at one point or another during his 78-year investing career.Seeing the Oracle of Omaha amass an $88.1 billion fortune, who wouldn't?What you may not realize, however, is that Buffett's first move in the investing world was one he's gone back to time and again.Warren's first trade was an oil stock.At the time, he was trying to cap...Read More
By: Keith Weiner The bid-ask spread of both (spot) gold and silver has blown out. Both, on March 1.In gold, the spread had been humming along around 13 cents gold is the most marketable commodity, and this is the proof, a bid-ask spread around 1bps until... *BAM!* It explodes to around 35 cents, or two and half times as wide. On the same day, silver went from half a cent to 1.5 cents, or about...Read More
Bob Hoye & Chris Waltzek Ph.D. - April 30th, 2019. * .Mp3HighlightsBob Hoye, Editor & Chief Investment Strategist of Charts and Markets.com rejoins the show with must-hear commentary. FOMC policymakers set the overnight lending rate this week. The current FFF at the CME which indicates the Fed could begin a new round of QE within a year. There are strong probabilities of a rate cut by Dec. / J...Read More
By: Dave KranzlerThe semiconductor stocks continued melting up last week until Intel threw some cold water on the Dutch tulip bulb price-chasing party. TXN reported Tuesday after the close. Revenues declined 5% from the year-earlier quarter. The management stated that "demand continued to slow across most markets. TXN then said Q2 revenues would drop 10% from Q2 2018. It said earnings would be d...Read More
By: Richard (Rick) Mills, Ahead of the herd "Whoever has an army has power." - Mao Zedong In March Italy broke ranks with its EU partners in joining China's Belt and Road Initiative, known also as One Belt, One Road or the New Silk Road. Students of history know the original "Silk Road" refers to the ancient network of trading routes between China and Europe, which served as both a conduit fo...Read More
By: Gary ChristensonI'll show you real money. It looks like this: Those circulating dollar bills, euros, pounds, and yen are DEBTS (notes) issued by central banks to extract wealth from citizens and the economy, dilute the purchasing power of the currency, and nourish the banking cartel.From Graham Summers:"The problem of course is once it has done this [created the 'everything bubble'], the F...Read More
*This interview was recorded on 3/8/19Jeff Gundlach, founder and CEO of DoubleLine Capital, explains how the lack of original thought and analysis is causing polarization, leading to uncertainty around the world. Jeffrey Gundlach is the Chief Executive Officer and Chief Investment Officer of DoubleLine Capital. He is recognized as an expert in bond and fixed income investments. His investment stra...Read More