President Trump will soon nominate his second Supreme Court justice. The first, Neil Gorsuch, has so perfectly replaced the late Antonin Scalia that it's safe to assume retiring justice Anthony Kennedy's successor will be in the same mold - which is to say formidable and unapologetically conservative. The result will be a solid conservative majority that's more definite and less flexible on the...Read More
By Clint SiegnerPresident Trump is winning on a number of fronts, and American conservatives are feeling better about their prospects than they have for a very long time.Trump supporters are cheering an imminent shift in the balance at the Supreme Court. The President is expected to nominate a justice who respects the constitution to replace the retiring Anthony Kennedy. This legacy promises to...Read More
By Ricky WenThe last week of June was quite weak as the stock market continued the downward momentum from the 3rd week by grinding down into the major weekly trending support zone around 2700-2720 on the Emini S&P 500 (ES) for the backtest. After Monday's steep sell-off, the rest of the week was mostly consolidation within Monday's range. The main takeaway from the week was that the market made...Read More
By Keith Weiner "On r?siste ? l'invasion des arm?es; on ne r?siste pas ? l'invasion des id?es."These are the actual words written by Victor Hugo in Histoire d'un Crime (History of a Crime). Translated literally, it means an invasion of armies can be resisted; an invasion of ideas cannot be resisted. However, there are many alternative translations that try to express the sentiment, if not the e...Read More
By Ronan Manlyhttps://www.bullionstar.com/With the first half of 2018 now drawn to a close, much of the financial medias' headlines and commentary relating to the gold market has been focusing on the fact that the US dollar gold price has moved lower year-to-date. Specifically, from a US dollar price of $1302.50 at close on 31 December 2017, the price of gold in US dollar terms has slipped by ap...Read More
By Justin SmythEver since breaking below the 30-week moving average in late 2016 gold and gold stocks have been in a sideways trading range unable to resume their uptrend. Gold and gold stocks have had three things working against them during this time frame: weak commodity markets, strong stock markets, and digesting gains from 2016.All three of those headwinds could be evaporating. We've...Read More
As the Reset Begins, Get Goldby James Rickards for Agora Financial's Gold SpeculatorThis may be the most important commentary I've ever written. Here's why.For years, financial analysts have discussed what's called the Global Monetary Reset, or GMR. Expectations of a GMR stem from the fact that monetary policies around the world are unstable and unsustainable.Aftermath: Seven Secrets of Wealth P...Read More
Prices for both low-grade and high-grade cobalt tipped below $40 per lb in the week ended Friday June 29, with sellers facing continued weak demand and competition for business.Low-grade and high-grade cobalt prices were assessed on Friday at $39.70-41.00 per lb, in-warehouse, down from $40.35-41.25 per lb at the start of the week."[The market is] dead in terms of people actually booking [material...Read More
The export prices for hot rolled coil (HRC) from the Commonwealth of Independent States have stopped growing because trading activity has been slow, Metal Bulletin has heard.Metal Bulletin's weekly price assessment for CIS-origin HRC exports was $560-575 per tonne fob Black Sea on July 2, unchanged week on week.Ukraine's Metinvest was heard to have sold HRC at $580 per tonne cfr to Turkey. That wo...Read More
Long steel prices in EU markets could rise with mills seeking to push offers upward before the announcement of a preliminary decision in Europe's current import safeguard investigation, market sources told Metal Bulletin on Monday July 2.The European Commission (EC) is expected to impose preliminary safeguard measures on steel imports early this month and, under World Trade Organization rules, it...Read More
Key takeaways from Industrial Minerals tenth Lithium Supply & Markets Conference, which took place in Las Vegas on June 26-28.Battery makers and new energy vehicle (NEV) manufacturers seek lower lithium prices, multi-year commitmentsThe world's largest consumers of lithium compounds, such as battery makers and NEV manufacturers, want lower and stable lithium prices. After the shortening of contrac...Read More
The latest news and price moves to start the Asian day on Tuesday July 3.Nickel prices on the London Metal Exchange fell by more than 2% by the close of trading on Monday July 2, topping broad losses across the complex while escalating trade tensions and dwindling equity markets weighed on commodities. Read more in our live futures report.Here are how prices looked at the close of tradin...Read More
The latest metal markets news and price moves for the start of the North American day on Monday July 2.Base metals prices on the London Metal Exchange edged lower during morning trading with ongoing global trade tensions and subsequent dips in equity indexes continuing to deter market investment.Here's how base metals prices looked at 12:29pm London time:Read our live futures report here.Tata...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Monday July 2.Base metals prices on the Shanghai Futures Exchange were mostly down during Asian morning trading on Monday, with market sentiment dampened by disappointing Chinese economic data released over the weekend.China's official manufacturing PMI fell to 51.5 in June from 51.6 in the pr...Read More
Gold in a minor correction, resistances look to be $1,255/68. The precious metal has plenty scheduled this week as a potential catalyst. Gold is currently trading at $1,251.94/oz, with a high of $1,254.38/oz and a low of $1,250.94/oz, steady awaiting this week's key scheduled developments from geopolitical risks to nonfarm payrolls. Last week, gold managed a small gain in the August f...Read More
BP plc is to buy Chargemaster, the UK's largest charging company for electric vehicles (EVs), in the latest move by oil and gas companies to tap into the electromobility revolution.Along with peers such as Royal Dutch-Shell and Total, oil conglomerate BP has been making relatively small but significant investments into the infrastructure required for charging EVs, and not just as a contributor to...Read More
SHANGHAI, Jul 2 (SMM) – Prices dipped further across several specifications of silicon products on Monday July 2 as few transactions were heard at the start of the week.Traders tended to take a watch-and-wait stance and showed little restocking willingness, SMM learned. The #553 non-oxygen silicon metal mostly traded at 11,500-11,700 yuan/mt on Monday at Huangpu port in Guangzhou,...Read More
Key takeaways from Industrial Minerals tenth Lithium Supply & Markets Conference, which took place in Las Vegas on June 26-28.Battery makers and new energy vehicle (NEV) manufacturers seek lower lithium prices, multi-year commitmentsThe world's largest consumers of lithium compounds, such as battery makers and NEV manufacturers, want lower and stable lithium prices. After the shortening of contrac...Read More
James say that we're very, very close to the metals moving higher, silver especially, and with it comes a dropping gold to silver ratio. Here's why...James Turk interviewed by Rory Hall of The Daily CoinIn your recent KWN interview you reiterated that central banks would either be forced back onto a gold standard or the system would, in essence, change so much that central banks would willingly mo...Read More
Nickel prices on the London Metal Exchange fell over 2% by the close of trading on Monday July 2, topping broad losses across the complex while escalating trade tensions and dwindling equity markets weigh on commodities.Reaching a high of $14,940 per tonne over the day, nickel's three-month price fell sharply during afternoon trading, drifting back to the $14,500 per tonne region. "If Chinese...Read More