"In out, in out, shake it all about" - not just a line from the Hokey Cokey, but a pretty accurate picture of the attitude of banks toward the metals (and general commodities) business during his career, Lord Copper reflects.Sometimes it's hot, sometimes it's not, and trading teams have been built, dismantled and built again with what often seems like gay abandon. But that all stopped after the Do...Read More
Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome in Frank Holmes, CEO and Chief Investment Officer at U.S. Global Investors. Mr. Holmes has received various honors over the years, including being named America's Best Fund Manager for 2016 by the Mining Journal. He is also the co-author of the book, The Goldwatcher: Demystifying Gold Investing and is a regula...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort195,118118,44651,434171,601266,564418,153436,444Change from Prior Reporting Period -7,79712,043-5,44810,126-9,035-3,119-2,440Traders18390885050274192 Small Speculators (C) GoldSeek.com LongShortOpen Interest 50,42032,129468,573 3,3472,668228 non reportable positionsChange from...Read More
The lofty US stock markets remain riddled with euphoria and complacency, fueled by an exceptional bull. Investors believe downside risks are trivial, despite long years of epic central-bank easing catapulting valuations to dangerous bull-slaying extremes. This has left today's markets hyper-risky, with a massive bear looming as the Fed and ECB increasingly slow and reverse their easy-money p...Read More
By David HaggithFirst I said I believed the US stock market would plunge in January, but I also said that January would not be the biggest drop, but just the first plunge that begins a global economic collapse: the big trouble for the economy and the stock market, I said, would show up in "early summer." That's when the stock market crash that began in January would take its second big leg dow...Read More
By Hugo Salinas PriceOriginally published at http://plata.com.mx/enUS/More/356?idioma=2What is a "crypto-currency"? What are Bitcoins and all the rest of the crypto-currency pack?They are digits on computers, and nothing more. What is "a digit on a computer"? The definition would seem to run along the lines of "an electric charge in a computer memory".If the ownership of a crypto-currency digit...Read More
In the latest edition of the Market Overview, we have analyzed the risk related to the rising U.S. public debt and private leverage. This month, we will adopt a more global perspective. Until recently, thanks to the synchronized worldwide growth, it was easy to lose sight of the elephant in the room. But as U.S. interest rates have climbed in recent months and dollar has appreciated, we cannot i...Read More
This quarter was a trader's paradise. Volatility was good in currencies, metals as well as energies. Stock market bears and bulls had a nice tug-o-war. I do not see a repeat in the third quarter. Volatility will be less. Change will be there but it will be smooth and orchestrated by central banks and their aided financial institutions. My only message is invest in instruments which have strong m...Read More
Cranbrook, BC (FSCwire) - Taiga Gold Corp (CSE: "TGC") (the "Company") has completed successful staking activity which significantly increases the Orchid property area, including important internal blocks which were previously unavailable to the Company. 2,786 ha of prospective ground was added recently and is owned 100% by Taiga. The total area of the Orchid property is now 8376 ha and carries...Read More
Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
European stainless steel base prices were unchanged for the fourth week running on Friday June 29 despite a sharp rise in alloy surcharges for July. Metal Bulletin's weekly base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet in Northern Europe was stable at ?,?1,000-1,050 ($1,156-1,214) per tonne delivered on Friday, while the weekly assessment for grade-316 C...Read More
Significant cash flows and low debt equity.High profit margins compared with competitors.Resource-rich mines and strong management possess significant upside.I believe this stock is one of the best among gold miners.IAMGOLD (IAG) is a Canadian gold mining company headquartered in Canada that operates a geographically diverse portfolio of mining assets and potential projects. IAG's producing mines...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Base metals on the London Metal Exchange were mostly higher at the close of trading on Friday June 29, ending the week on a slightly brighter note despite broad pressure from trade tensions and dollar strength. Continuing to struggle, zinc prices made a brief recovery during the day, moving back above $2,900 per tonne before drifting back toward $2,850 per tonne.The metal's three-month price made...Read More
The price of Bitcoin dipped below $6,000 yesterday, June 28th, and was consolidating around support in the $5,800 to $5,900 range. It was fairly steady within that range for roughly 24 hours and then suddenly rocketed $400 higher an hour ago, climbing from $5,900 to $6,300 in under 30 minutes!Someone with deep pockets just decided to accumulate a large amount of Bitcoin, causing the price to spike...Read More
Zinc concentrate treatment charges (TC) rose to their highest level so far this year at the end of June on a cif Asia Pacific basis, while the head of the Chinese zinc association has called for a 10% cut in national production to support zinc prices and TCs. Metal Bulletin assessed zinc concentrate TCs cif Asia Pacific at $20-$40 per tonne on Friday June 29. That compares with $20-$35 per to...Read More
• Struggles to build on a modest recovery attempt from a short-term descending trend-channel formation on the 1-hourly chart. • With technical indicators on the said chart gradually recovering from near-term oversold conditions, a heavily offered tone surrounding the USD could provide a minor boost to the dollar-denominated commodity. &n...Read More
The latest metal markets news and price moves for the start of the North American day on Friday June 29. In London Metal Exchange news this morning, nickel prices were trading closer to $15,000 per tonne, with ongoing drawdowns in total stock and consistent demand from the electric vehicle sector contributing to upswings. Tin prices continued to struggle during morning trading hindered by weak dem...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Friday June 29.Base metals prices on the Shanghai Futures Exchange were mostly down during Asian morning trading on Friday, following a muted performance by the base metals on the London Metal Exchange on Thursday. Zinc was the exception to the weaker tone across the SHFE complex this morning,...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Raw materials A cargo of premium hard coking coal fetched a significantly higher price on Thursday, though market participants have dismissed the transaction as one-off.China's coke prices have peaked, sources said this week, with downside concerns arising over the decline in export activity and th...Read More