By Rhiannon HoyleRio Tinto PLC, the world's second-biggest listed mining company, released its first-quarter operational report on Wednesday. The mining company reported a 5% on-year rise in quarterly shipments from its Australian iron ore mines, but weaker output of commodities including coal and aluminum. Here are some remarks from the company's report: On Australian iron ore production: "Produ...Read More
"how in the world does a swapping of derivative contracts, where there's obviously zero physical metal involved, equitably determine the true price and..."by Craig Hemke via GoldSeekVery few people understand-or even know of-the opaque COMEX->LBMA process known as "Exchange Futures For Physical". Even the term is misleading, as there's clearly nothing "physical" about it.The first thing you need t...Read More
Marshall says in preparation to crash the world economy this July, the commercials have to reign in the spec shorts. Here's an update on today's action...by Marshall Swing of The Church of ActsBeen busy the last few days and just taking a few moments to update folks on what is going on in silver and gold. And still hoping I get some time in the next few days to write that article giving more ins...Read More
SD Midweek Update: Gold & silver are rallying into the open. Here's what to look for today and going into the end of the week...Silver has shown strength overnight and into this morning:If we can get a close above $17 today, that would be very bullish.Why?Well, silver has been stuck in this miserable channel for months on end:Overnight with follow through this morning, silver has broken through th...Read More
By Rhiannon HoyleSYDNEY--Rio Tinto PLC (RIO) said quarterly exports of iron ore from its Australian mines rose 5% on-year because of fewer weather-related setbacks and continued productivity improvements, although shipments fell 11% on the quarter immediately prior. The Anglo-Australian company, one of the world's top iron-ore exporters, reported iron ore shipments of 80.3 million metric tons fro...Read More
"each year about 200 Moz of silver are used in silver jewelry fabrication, but only a small amount is ever recycled." Here's why it matters...by Steve St Angelo of SRSrocco ReportGlobal silver scrap supply fell to its lowest level in 26 years. World silver recycling in 2017 dropped by nearly 50% since its peak in 2011. According to the 2018 World Silver Survey, global silver scrap supply decli...Read More
Peter KrauthAfter a wild ride last week, investors have an increasingly optimistic outlook for the price of silver. And for good reason.You see, the 2018 World Silver Survey by the Silver Institute was just released, and it's immensely positive for the silver market.According to the Silver Institute, global demand for silver is growing at a ravenous pace, rising to its highest level in five years....Read More
Craig Hemke says JP Morgan won't get caught in an silver short squeeze again like they did in 2011. Here's why...Craig Hemke interviewed by Max Keiser of The Keiser ReportIn this latest interview, Max and Craig take a deep dive into what really happened to gold and silver in 2011.Craig explains how the run-up in silver to nearly $50 occurred, and what has been done since so that JP Morgan doesn't...Read More
David is still expecting silver to outperform gold this year, and if there's any black swans, silver could go much higher than $20. Here's the details...Keith Neumeyer and David Morgan interviewed on Future Money TrendsIn this interview, both Keith and David give their thoughts on the current market set-up in the precious metals.From the ultra-bullish COT Report to the unsustainable high gold-to-s...Read More
Louis Cammarosano lays out his case for what it's going to take for gold and silver to begin their next legs-up. Here's the details...Louis Cammarosano interviewed on Future Money TrendsLouis Cammarosano of Smaulgld.com is our expert guest, to discuss fascinating insights into the price of Gold, Silver and the effects of a trade war. With the recent price explosion from cryptocurrencies Louis also...Read More
"A stronger global economy led to healthy demand...On the supply side, global mine supply fell for the second consecutive year, following an..."Editor's Note: Many analysts take the official statistics from organizations like the World Gold Council and The Silver Institute with a grain of salt. When you have contributors and sponsors like the CME Group and Scotiabank, it's hard to fault those anal...Read More
By Dimitrios Kontos Rio Tinto said Friday that it is in the process of declaring force majeure on certain contracts with United Co. Rusal PLC (0486.HK) as a result of the imposition of sanctions on Russian companies by the U.S. Treasury Department. The Australian-British mining group said that, in light of the sanctions, it has been reviewing arrangements which include Rusal's 20% interest in Quee...Read More
By William Wilkes BERLIN -- Rocketing demand and prices for lithium, coupled with China's stranglehold on supply, are reviving interest in mining Europe's reserves of the coveted metal some call white petroleum. Prices for lithium used in the batteries that power anything from mobile phones to Teslas more than doubled to $21,000 a ton in the past two years. Analysts expect the lithium-ion batter...Read More
Ted Butler says "JPMorgan not only maintained its perfect trading record, it did so in absolutely spectacular fashion, with the past year being..."by Ted Butler via SilverSeekA year ago, I took the occasion of new appointments at the CFTC as an opportunity to try once again to persuade the agency to step up to the plate and address a silver manipulation that had been in place for more than 30 year...Read More
--Glencore has been forced to walk away from some aluminum contracts as a result of the U.S. sanctions against Russian company United Co. Rusal, reports Bloomberg, citing unknown sources. --The declaration of force majeure applies to contracts for about 50,000 metric tons of metal of Russian origin, allowing Glencore to walk away from the deals, says Bloomberg. Full story: https://bloom.bg/2EFc5TB...Read More
One thing is certain: JPMorgan isn't loading up on silver because it expects the price of silver to fall. Here's the details...by Justin Spittler of Casey Research"It can't catch a bid."When I used to go into an office, I would hear this all the time. My coworkers, who are analysts and investors like me, were talking about silver.It's easy to see why. The metal has basically gone straight down fro...Read More
By Rhiannon HoyleThe chairman of Rio Tinto PLC, the world's second-largest listed miner, said escalating trade tensions and rising costs threaten to stall the mining sector's recovery. "This year promises to be more challenging than the last, as the industry faces rising cost inflation, as well as geopolitical uncertainties, particularly in relation to trade," Simon Thompson said in remarks prepar...Read More
By David Hodari Aluminum futures pushed higher on Wednesday, extending their rally as White House sanctions on Russian companies continued to ripple through the market. The industrial metal was up 2.6% at $2,267 a metric ton in late-morning trading in London--matching its year-to-date high--having risen 10.5% so far this week. In other major metals markets, copper edged down 0.1% to $6,963 a me...Read More
By Scott Patterson This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (April 11, 2018). New U.S. sanctions are causing fresh economic pain for Moscow, but have also ensnarled a handful of Western firms with deep roots in Russia. Glencore PLC said Chief Executive Ivan Glasenberg had resign...Read More
Marshall Swing says stay thirsty for shiny physical silver because we won't be returning to some of the recent prices ever again. Here's an update...Editor's Note: As we move into spring let's not forget that Marshall has one of the boldest calls out there: Global Economic Collapse this July 20-27, 2018.*****by Marshall Swing of The Church of ActsNo time for a wordy analysis, most thoughts are in...Read More