Key data from the Wednesday July 17 pricing session in Shanghai.Key driversThe price of cobalt metal in China stabilized this week amid rising spot buying interest following a wave of speculative buying on the Wuxi Stainless Steel Exchange in the week ended July 12. The price of cobalt metal in China's domestic market fell to a multi-year low,...Read More
Domestic stainless steel prices in China picked up over the past week following a strengthening of the nickel market.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 14,700-14,900 yuan ($2,137-2,166) per tonne including value-added tax for the week ended Wednesday July 17, up 400-600 yuan per tonne fro...Read More
Nickel was the element on every traders’ radar this week as fears over supplies from Indonesia caused a leap in the price of the metal - seen as having a hot future as the key component of modern electric vehicle batteries. The metal dubbed ‘devil’s copper’ is now up almost 40% in 2019, with the latest jump caused by an Indonesian pledge to stick with plans to ban...Read More
It's the ultimate "no-brainer" that serious American GDP growth (in the 6% range or higher) can only happen by eliminating the PIT (personal income tax) for the middle class.QE and low interest rates incentivize pathetic levels of debt-oriented GDP growth while incentivizing the government to get more reckless with the money that is borrowed and extorted from citizens as taxes.Elimination of...Read More
It's the ultimate "no-brainer" that serious American GDP growth (in the 6% range or higher) can only happen by eliminating the PIT (personal income tax) for the middle class.QE and low interest rates incentivize pathetic levels of debt-oriented GDP growth while incentivizing the government to get more reckless with the money that is borrowed and extorted from citizens as taxes.Elimination of...Read More
"Communication," Cook told the Noosa Mining and Exploration Investor Conference. "My experience has been Australian companies are not that good at communicating with shareholders.Read More
Alcoa this week reported negative free cash flow of US$7 million on its $2.7 billion of second-quarter revenue. A net loss of $402 million, or $2.17 per share, included the $319 million one-off cost of divesting its interest in the Ma'aden Rolling Company (MRC) in Saudi Arabia, and $81 million of other special items.The company's weak FCF isn't helping reduce its heavy net debt load.New York inves...Read More
Louisiana is home to the largest liquefied natural gas (LNG) projects in the world.Data from the Federal Energy Regulatory Commission (FERC) shows at least 17 new LNG projects currently approved and proposed for the Bayou State that are estimated to increase output by over 30 billion cubic feet per day (Bcf/d).One such project being developed by Golden Pass Products is slated to spend $10 billion...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 309,53564,03448,434175,785453,193533,754565,661 Change from Prior Reporting Period 3,4302,692-14,09511,83010,8221,165-581 Traders 22067805963312183 Small Speculators LongShortOpen Interest 68,14636,239601,900 1,7583,5042,923 non reportable positionsChange...Read More
The gold miners' stocks continue to rally on balance, after a major upside breakout extended their strong upleg. That's driving mounting interest in this recently-forsaken sector. With the latest quarterly earnings season underway, traders will soon enjoy big fundamental updates from the gold miners. They are likely to report good Q2 results, with improving operational performances suppo...Read More
Bob Hoye & Chris Waltzek Ph.D. - July 17th, 2019. * .Mp3 HighlightsBob Hoye, Editor & Chief Investment Strategist of Bob Hoye.com rejoins the show with his view on why gold is the "go to" asset of the next decade.Bob Hoye notes authoritarian forms of governance are struggling to salvage the global economy using outdated draconian economic measures.He and his colleague define 3 key measures...Read More
For years, gold's corrections have been brutal, and that is why many erstwhile bulls have not rushed to buy this rally. They have instead been waiting for a nasty pullback in order to load up at bargain prices. But Mr. Market has not obliged. Instead, retracements have been shallow and rallies steep. The latter have often occurred after-hours, but in one recent instance via a trampoline bottom t...Read More
By: Gary Savage Dollar propped up before the start of the rate cutting cycle:Read More
Eric Sprott discusses the renewed and surging bull market in the precious metals as well as the intriguing profit potential offered by the mining shares.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 est...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
The organization, called the NSO Group, previously installed malware in Facebook's WhatsAppContinue...Read More
"Here's the really interesting situation we're in. You look at a lot of analysts now looking at S&P earnings saying 'OK, they're going to go flat, and they're not grow them more than 2%,' but the reason that's not going to ultimately completely bring down the market is the S&P is now 46% in foreign revenue."Kevin O'Leary is a Canadian businessman, investor, and television personality. From his bas...Read More
For this Nevada miner, 2019 should be a busy and interesting year of exploration, says Thibaut Lepouttre of the Caesars Report. Going back to the Bowl Zone yields the desired results After a successful exploration campaign in 2018, wherein Contact Gold Corp. (C:TSX.V) confirmed the widespread presence of gold mineralization on its greater Pony Creek area (with very thick intervals such as 93 mete...Read More
This article was first written for members on Tuesday July 16:The talk of the metals market on Tuesday was silver. It seems many were shocked and surprised by this rally in silver on Tuesday. And, I am sitting here scratching my head as to why all the shock.Well, as I think about it, I am starting to understand the shock if you had been reading what everyone has been writing about silver. Whereas...Read More