The queue for aluminium at London Metal Exchange-approved warehouses at Port Klang, Malaysia, operated by Istim, edged down to 109 days at the end of May, according to the latest LME data.This is slightly down from the 113-day queue at the end of April, the LME said on June 10, but it is significantly lower than the 229-day queue registered at the end of February.Queues for copper,...Read More
Eastern China's hot-rolled coil prices weakened further on Friday June 14, with rising inventory levels putting pressure on sellers.DomesticEastern China (Shanghai): 3,800-3,810 yuan ($549-550) per tonne, down 20 yuan per tonneNorthern China (Tianjin): 3,780-3,790 yuan per tonne, unchangedThe domestic market remained inactive despite sellers making price cuts.A Tianjin-based trader pointed out tha...Read More
Seaborne coking coal prices were largely stable on Friday June 14 following a series of transactions a day earlier.A transaction involving a cargo of premium mid-vol hard coking coal was heard to be under negotiation at around $201-203 per tonne cfr China. There was no word of the transaction being concluded at the time of writing."The price sounds too high for the current market but the seller is...Read More
China's domestic rebar market resumed its downtrend on Friday June 14 on declining futures, with prices expected to fall further on mills' higher steel output. Domestic Eastern China (Shanghai): 3,870-3,900 yuan ($559-563) per tonne, down 10-20 yuan per tonneNorthern China (Beijing): 3,780-3,830 yuan per tonne, down 10 yuan per tonneWhile rebar futures moved upward in the first half of the day, th...Read More
Nickel's three-month price on the London Metal Exchange was higher during morning trading on Friday June 14, climbing by just under 1% while the rest of the complex edged lower. The metal's futures price has improved throughout the week, but has failed to break above $12,000 per tonne. Supporting the uptrend however, LME nickel stocks continue to drift lower at 163,122 tonnes on Friday, their lowe...Read More
Key data from the June 14 pricing session in London Key drivers- Cobalt prices continue to drift lower, with sellers open to cheaper bids to achieve sales early in what is expected to be a quiet few months for buying. Demand is slow and potential buyers are happy to hold out for expected lower prices in the coming weeks. Some sources have reported receiving minimum call-offs...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 Friday June 14:Minor metalsBismuth MB China domestic, yuan/tonne: 41,500-43,500 yuan per tonne from 40,500-42,000 yuanChromium MB free market alumino-thermic, $/tonne: $7,580-7,850 per tonne from $7,750-7,950Cobalt...Read More
An overview of the minor metals markets and the reasons for any price moves. Read More
Three-month base metals prices on the London Metal Exchange were mixed so far on Friday June 14, reflecting deteriorating sentiment in broader risk markets amid the recent uptick in tensions in the Middle East and while global trade tensions overhang.Military officials from the United States have released a video of what they say shows Iran's Revolutionary Guard removing an unexploded limpet mine...Read More
European stainless steel prices have been largely stable this week despite coming under pressure from a number of market factors, with mills seeming determined to avoid any erosion of their production margins, sources told Fastmarkets on Friday June 14.Fastmarkets assessed the price of grade-304 cold-rolled (CR) stainless steel sheets at ?,?2,190-2,250 ($2,472-2,539) per tonne delivered in Norther...Read More
GRUPO NO ZAPhttps://chat.whatsapp.com/Fuw78pKQCMm...Read More
David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism in America...Read More
An internal Facebook document reveals that the social media giant monitors its users' offline behavior as part of how the company determines whether a person Continue...Read More
Continue...James Turk has specialized in international banking, finance and investments since graduating in 1969 from George Washington University with a B.A. degree in International Economics. His career began at Chase Manhattan Bank (now JPMorgan Chase & Co.), which included assignments in Thailand, the Philippines and Hong Kong. He subsequently joined the investment and trading company of a pro...Read More
Though Bitcoin is still a very volatile asset, demand for it as a store of value is proving more resilient than many expected.Continue...Read More
The following chart illustrates that there is a strong inverse relationship between the US Dollar and Gold. When the Dollar rises, the gold price tends to fall and visa versa, it should not be surprising given that the Gold is priced in dollars. The only recent deviation from the correlation was October to December which coincided with stock market weakness i.e. SAFEHAVEN buying of the Dollar AND...Read More
I make the point in the title because the real fundamentals that matter for the gold stock sector must be in line at the beginning of a real bull phase or bull market for the sector. I make that point with the example of Q1 2016, when a very powerful gold stock “launch” erupted but in Q2 of that year we (NFTRH) were already advising a degrading of those fundamentals. A public article I...Read More
After a period of economic prosperity, itis a given that eventually a period of economic decline will follow. This is awell known reality. Since at least the early 80s there has beena period of great economic prosperity. Yes, there were many recessions duringthat period, however, as a whole it has been a prosperous period.Now, there are many signs that we arelikely to get a period of serious econo...Read More
Hillary Clinton recently shared a glimpse of her lavish D.C. home — dubbed "Whitehaven" - with Architectural Digest. And while I'm more of a modern design kinda guy, I have to say it's definitely a nice pad… especially since it's not even the Clintons' primary residence!Of course, seeing pictures of the lavish home also made me think about a story I originally discussed many years ago....Read More