Import prices for stainless cold-rolled coil in East Asia were mostly steady over the past week due to soft demand and a stable nickel market, while those for stainless hot-rolled coil fell due to excess spot supply.Stainless CRCFastmarkets MB's weekly import price assessment for benchmark 304 stainless 2mm trimmed CRC in East Asia was $2,030-2,100 per tonne cif on Wednesday April 17, unchanged fr...Read More
China's stainless steel prices dropped over the past week on sustained weakness in demand and rising inventory levels in the spot market.Fastmarkets MB's domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,100-14,500 yuan ($2,106-2,166) per tonne including value-added tax for the week ended Wednesday April 17, down 300 yuan per tonne from a wee...Read More
Ferrous scrap prices in Asia continued to slide this week due to a series of mill stoppages in the region, market sources told Fastmarkets MB.The weak demand led traders to divert excess supply to other key markets.But market sources think prices have likely bottomed out and should experience a rebound soon.VietnamThe Fastmarkets MB import price assessment for bulk cargoes of heavy melting scrap 1...Read More
European demand for finished steel products is forecast to grow by 0.3% year on year in 2019 to 170.2 million tonnes amid a 'deteriorating trade environment and uncertainty over Brexit', according to the World steel association's (Worldsteel) latest short-range outlook."We expect slower growth in demand for steel in the major EU economies (especially in those more export dependent) in 2019," World...Read More
The marijuana stock playing field is uneven and constantly shifting, making the hunt for upside a full-time job in itself. For the casual mid- to long-term investor, selecting cannabis stocks on the TSX index for their momentum can be no mean feat, with some investors simply choosing to follow the herd. Let's see whether investors in one big green ticker should stay invested.Aphria (TSX:APHA)(NYSE...Read More
Bob Moriarty ArchivesApr 19, 2019In my latest book I try to make the point that at resource stock market lows, you can’t give shares away. That is all by itself a great indicator of where we stand in the cycle. We are now easing into the weakest seasonal period of the year for gold and silver and many companies are selling near their yearly lows.Gold and silver seem to have bottomed in late...Read More
Back in February, Representative Alexandria Ocasio-Cortez and Senator Ed Markey released a non-binding resolution for what was dubbed the Green New Deal, which unofficially committed the U.S. to radically updating its energy grid, with such lofty goals as:Meeting 100 percent of the power demand in the United States through clean, renewable, and zero-emission energy sources.It caused controversy fo...Read More
TOPICS IN THIS INTERVIEW:02:30 Baby boomers Vs. Millennials: The biggest growth trends07:20 Wealth transferring to the Millennials, when will they dominate the economy?15:30 A well-managed bubble, the stock market is in its eleventh hour26:15 "Don't listen to your stock broker!" Hedging against the greatest economic crash in history32:15 Harry Dent's free newsletterHarry Dent is a Fortune 100 cons...Read More
John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a freq...Read More
Charles Hugh Smith writes the Of Two Minds blog which covers an eclectic range of timely topics: finance, housing, Asia, energy, long-term trends, social issues, health/diet/fitness and sustainability. From its humble beginnings in May 2005, Of Two Minds now attracts some 200,000 visits a month. Charles also contributes to AOL's Daily Finance site and has written eight books, most recently "Surviv...Read More
Did you know only one of the original Seven Wonders of the World exist today? The Great Pyramid of Giza is the only remaining member of the Seven Wonders that Continue...Read More
Home builders broke ground on roughly the same number of homes in March as in February, but compared to last year the pace of construction has slowed considerably Continue...Read More
David Cole, CEO of EMX Royalty, speaks with Maurice Jackson of Proven and Probable about his company's three-pronged business model and projects that span the globe. Maurice Jackson: Welcome to Proven and Probable. Joining me today is the president and CEO of EMX Royalty Corp. (EMX:TSX.V; EMX:NYSE.American), David Cole. We're at the Oxford Club Investment U Conference 2019, in Saint Petersburg, F...Read More
Allegiant Gold is assessing six "discovery potential" projects in Nevada.Allegiant Gold Ltd. (AUAU:TSX.V; AUXXF:OTCQX) announced it has completed drilling at its Adularia Hill gold project in Nevada.The Adularia Hill drilling consisted of 21 holes, totaling 3,170 meters. Assays of the drilling are pending, the company added.The Adularia Hill target is the fifth of six gold exploration projects All...Read More
On Tuesday of this week I posted this combo chart showing the possible small blue flag forming on the UUP ( US Dollar). This morning the price action gapped above the top rail and is now approaching the top rail of the rising wedge formation. The sixth reversal point will be completed when the top rail is hit. This is where it’s getting interesting. Many investors believe the US dollar is go...Read More
Before the promotional corners of the gold community start with the conspiracies, excuse making and general placing of blame everywhere but where it belongs, let’s simply note that this correction was indicated (by sentiment) as far back as February 22nd. On that day I made a post quoting three anonymous sources within the community, firing up the troops to be hyper bullish… as in a g...Read More
Chris says silver is setting up for a HUGE move. What does Chris say about gold? Come on in to find out the answer to that question and more...Chris Vermeulen interviewed by Matt on Silver FortuneChris Vermeulen, founder of TheTechnicalTraders.com, joins me for a discussion centered around what the charts have to say about the future of silver and gold in the next 12 months. Read More
For most investors familiar with precious metals, it's a great sign when silver out-performs gold.It's kind of like the old market analogy that it's good when small-cap stocks or tech stocks lead the broader market higher.Silver, like small caps and tech stocks, represents the high beta part of the financial markets. So, when silver leads, it means that precious metals have a more aggressive/bulli...Read More
Lukewarm investor sentiment for natural diamonds seems to contradict the stable demand and favourable supply forecasts for natural diamonds, US-based diamond analyst Paul Zimnisky notes in a statement released last week. He recalls that during State-owned Russian diamond company Alrosa’s Capital Markets Day, on March 18, the company noted that the questions most frequently asked during one-o...Read More
Lost Camp of Andrew Jackson and Davy Crockett - Metal Detecting Part 2 . What metal detecting finds will be dug this week? On this series, we are on the search for the lost camps of Andrew Jackson and Davy Crockett from 1813 in the deeps woods. Join us as we metal detect for lost treasure that could be not only historically valuable but also priceless personalized relics from US History! See what...Read More