Base metals prices on the Shanghai Futures Exchange were on divergent paths in morning trading on Wednesday July 10 amid US dollar strength and macroeconomic uncertainties.The dollar index rose by 0.02 to 97.53 as at 9.40am Shanghai time, posing sell-off risk among investors. "Markets are less hopeful of a sharp interest rate cut this month, and trade war and Brexit concerns are back on the rise,"...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Fastmarkets minor metals prices changed on Wednesday July 10:Antimony max 100ppm Bi, in-whs Rotterdam $/tonne: $6,000-6,200 per tonne from $6,000-6,250Antimony MMTA standard grade II, in-whs Rotterdam, $/tonne: $5,950-6,150 per tonne from $6,000-6,200Cadmium 99.95% Bi min, cif global ports, cents/lb: 110-120 cents per lb from 112-122Cadmium 99.99%...Read More
The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday July 10:Titanium scrapTurnings, unprocessed type 90/6/4, 0.5% Sn max, cif Europe, $/lb:...Read More
The Chinese central government has toned down its ambitious plan to ban all solid waste imports, including metal scrap, by the end of 2020 in its recently proposed revisions to the regulation on solid waste management. The country's National People's Congress announced on July 5 a proposed revision to the Law of the People's Republic of China on the Prevention and Control of Environmental Pollutio...Read More
China has announced a second round of copper scrap import quotas allowing a select list of importers to bring an additional 124,500 tonnes of copper scrap into the country during the second half this year, according to a statement on Wednesday July 10. The list, mainly comprising Guangdong and Zhejiang metal scrap importers, was compiled and released by the Center of China Solid Waste and Chemical...Read More
Please check out myt-shirts and support by purchasing https://shop.spreadshirt.com/kevinsco...Follow me on Twitter https://twitter.com/kevinellerbe32Minorities for Trump on Facebook:https://www.facebook.com/groups/13615...FaceBook https://www.facebook.com/senseoutofno...Read More
?? CAKAJ ALBUM CAPOMOOD 2019?? ??", INSTAGRAM ??", ??'? https://www.instagram.com/paterplcapo/ https://www.facebook.com/paterplcapo/ ??'?BOOKING:paterplcapo@gmail.com Directed: Kriszti??n HakszerINSTAGRAM https://www.instagram.com/chris_hakz/... ?-?ODOBERAJ KANAL https://www.youtube.com/channel/UCWAB... ?-?MIX-MASTER PRINCE MAROCK. (c)PATERplCAPO #music #slovakia #RAP #fame #life #capomoodRead More
While some gold stocks (the South Africans in particular) continue to rally, bullion and most miners are staging a classic pullback after a major upside breakout.Please click here now. Double-click to enlarge this important monthly gold chart. The bottom line:Breakouts are fun. Pullbacks are not!My advice to investors: Wait for the pain. Wait for emotional pain to begin before pressing the b...Read More
While some gold stocks (the South Africans in particular) continue to rally, bullion and most miners are staging a classic pullback after a major upside breakout.Please click here now. Double-click to enlarge this important monthly gold chart. The bottom line:Breakouts are fun. Pullbacks are not!My advice to investors: Wait for the pain. Wait for emotional pain to begin before pressing the b...Read More
While drugs and gold were the two most popular forms of payment for votes in the recent election in India, portfolio manager Elvis Picardo proffers far better reasons for picking a pharmaceutical stock and a gold stock as his two current 'best buys'.Big gains since the lows of December have kept clients confident, hopeful and invested, observes West Coast portfolio manager Elvis Picardo. "It's gre...Read More
Bob Moriarty ArchivesJul 11, 2019A couple of weeks back I was calling for a correction in gold. All of a sudden everyone was talking about gold and how high it was going to go. Bullish sentiment hit an absurd extreme. I got it right; the correction began the next day.Investors tend to forget that even in the most bullish of markets, corrections are common and desirable. Since the high, sentiment h...Read More
The S&P500 breached 3,000 points for the first time before closing slightly below the benchmark.The spot gold price has shot up US$32 an ounce compared with this point yesterday, to about $1,424/oz.The gold-heavy metals and mining sector closed more than 1% higher in Toronto yesterday.Market futures were pointing to a positive start today for key global indices.The S&P/ASX200 was up at the...Read More
The country's economy is again riding a production boom for key commodities, principally iron ore and gold which could generate more than A$90 billion of exports in 2019-20, but also coal and on a different level nickel and copper.While uncertainty about global economic growth, especially in the face of ongoing trade war talk, continues to make people nervous about predicting commodity demand and...Read More
Former Nevsun Resources president and CEO Peter Kukielski was named interim CEO.Kukielski was one of the nominees put forward by Waterton Global Resource Management, Hudbay's second-largest shareholder, and was an agreed nominee as part of the settlement struck between Waterton and Hudbay days ahead of the miner's May AGM. The company is already searching for a new chairman, with Alan Hibben...Read More
It's not aircraft carriers and nuclear missiles that make the U.S. one of the most feared countries in the world.It's our currency.And this country has a long history of weaponzing the dollar in an effort to make its enemies crumble.But this practice is about to backfire. Because if you threaten folks long enough and screw with their money, they'll eventually strike back. And there is mounting evi...Read More
- Dave Kranzler"You've assigned us the job of two direct, real-economy objectives: maximum employment, stable prices. If you assigned us [to] stabilize the dollar price of gold, monetary policy could do that, but the other things would fluctuate and we wouldn't care," Powell said from Capitol Hill. "We wouldn't care if unemployment went up or down. That wouldn't be our job anymore." - Jerome...Read More
- SRSrocco In June, the gold price finally broke above the $1,400 level after five long years. So, who was responsible for pushing the gold price to a new high since 2013? Well, if we look at the data, it most certainly wasn't the physical gold investor. And, according to several dealers I spoke with, physical gold retail investors took advantage of the $1,400+ price to sell metal rathe...Read More
By Avi GilburtSince this article is being addressed to longer term investors, I think you will likely appreciate the message within this write up.While I analyze the metals markets on many time frames, this perspective is based upon a daily chart which has months to still play out.But, before I move into my perspective of the market, allow me to summarize how I view the metals market in general...Read More
Dear Friend of GATA and Gold:Citing a confession to gold market manipulation in the United States, a member of Parliament this week urged the British government to investigate possible manipulation of the gold market in London.The member, Jeremy Lefroy, Conservative for Stafford, prompted a discussion of manipulation during a speech Monday in the House of Commons. Lefroy questioned the economic...Read More