Prices for seaborne iron ore concentrate and pellets were largely steady last week, though premiums gained some strength.ConcentrateFastmarkets' weekly index for iron ore 66% Fe concentrate, cfr Qingdao was at $103.99 per tonne last Friday December 6, little changed from $104.11 per tonne a week earlier.The daily Fastmarkets index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao averaged $100....Read More
China's domestic rebar prices picked up on Monday December 9 amid rising iron ore and coke futures.Eastern China (Shanghai): 3,900-3,930 yuan ($554-558) per tonne, up 30 yuan per tonneNorthern China (Beijing): 3,640-3,680 yuan per tonne, up 10 yuan per tonneThe Dalian Commodity Exchange launched iron ore options during the day, which stimulated trading activity for the steelmaking raw materials' f...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were down 2 points in pre-opening trade. The Canadian Dollar was virtually unchanged at U.S.75.45 cents following release of Canada's November Housing Starts report. Consensus was an increase to 205,000 from 202,000 in October. Actual was 201,300.Carnival added $0.18 to $44.95 after JP Morgan raised its target price to $48 from...Read More
Today's environment is drastically different than it was in the late '70's and early '80s when inflation was nearly out of control. Today, disinflation is the primary challenge central banks face, not inflation.It's impossible to imagine another Volcker today. Today's markets depend on the artificially low interest rates that the Fed's been generating since 2009. Raising interest rates would dev...Read More
Key data from the pricing sessions in Asia and Europe for the week ended Friday December 6.ChinaKey drivers The price of antimony, MMTA standard grade II, ddp China, dipped for the fifth consecutive week in the week ended December 6 after some suppliers adjusted their offer prices down further in an attempt to destock and generate cash amid persistently weak buying interest.Many domestic antimony...Read More
One of the most important figures in the history of U.S. monetary policy, Paul Volcker, died Sunday at the age of 92.Volcker is famous for having raised interest rates all the way to 20% in June 1981, the highest rates since the Civil War.His actions are widely credited for ending the great inflation of the 1970s and setting the stage for the Reagan economy of the '80s (although his sky-high rates...Read More
Dear Rich Lifer,It's been a few weeks since the Paradigm Shift Summit went down in New York, and I've already covered a few of the many ideas and concepts I shared at that awesome event.But there's one I haven't yet touched on... and it started with a question from one of the audience members.The Set UpI had just finished outlining how several of my favorite Social Security strategies were no long...Read More
Prices for cobalt stabilized during the first week of December, with sellers less open to accepting cheaper bids than they had been in November, although spot trade remained slow. Fastmarkets' price assessment for cobalt standard grade, in-whs Rotterdam settled at $15.75-16.20 per lb on Friday December 6, narrowing downward by 10 cents from $15.75-16.30 per lb on Wednesday December 4.Prices f...Read More
Dear Rich Lifer,Are diamonds the biggest scam in history?Before the 19th century, diamonds were scarce. It wasn’t until the discovery of huge diamond mines in South Africa in the late 1800s that diamonds flooded the market.Except they never did…For most of the twentieth century, the diamond market was entirely controlled by one company: De Beers.The Diamond's HistoryDe Beers manipulate...Read More
Dear Rich Lifer,Becoming a caregiver can happen when you least expect it.Say a parent trips, breaks a leg, and can't get around any longer. Or suppose you visit over the holidays and discover rotting food in the frig, the range with a burner still on, and a mountain of unopened mail on the dining room table.Now the responsibility of providing the care has fallen on you.You're not alone. Families p...Read More
Top mining industry veterans join Company's new Advisory BoardELKO, Nevada, Dec. 9, 2019 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) (the "Company"), a gold exploration and development company, is pleased to announce that Mr. Ewan Downie and Mr. Mario Stifano have joined its newly established Advisory Board. Mr. Downie has over 25 years' experience in the exploration and mining industry and...Read More
Jeffrey Christian is the managing partner of CPM Group, a commodities research and management, consulting and financial advisory firm in New York. He founded the company in 1986, spinning off the Commodities Research Group from Goldman Sachs & Co., and its commodities trading arm, J. Aron & Company. Christian is an expert on precious metal markets and took time to speak with The Northern Miner abo...Read More
An automated loading solution has enabled Canada's only block cave mine to mitigate mud rush hazards and improve productivity - and it paid for itself in less than two months.Tonnage is tantamount to profitability at New Gold Inc.'s (TSX: NGD, NYSE: NGD) New Afton mine in south-central British Columbia. The mine has moved and milled as much as 22,000 tonnes of ore in a single day and routinely ext...Read More
Osisko Metals has released drill results from the East Mill zone at its Pine Point project with eight of the nine intercepts reported from outside of the current resource boundaries. This work was focused on connecting inferred resource areas.Drill highlights include 12 metres of 9.46% zinc and 0.79% lead; 5 metres of 14.83% zinc and 4.45% lead; and 4 metres of 10.86% zinc and 4.44% lead."These re...Read More
Australian rare earths miner Lynas (ASX: LYC) has selected the city of Kalgoorlie to build its new cracking and leaching plant to extract low-level radioactivity from the ore mined at its Mt Weld operation, which is then shipped to Malaysia for final treatment.The world's only major producer of rare earths outside China said it planned to begin building the plant, which will perform the first step...Read More
Exore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesDark Horse could be 2020 bolterSPONSOREDdark horse resourcesUniversity of Delaware launches Minerals, Materials and Society programSPONSOREDuniversity of delawareManipulating nickel for immoral (if not illegal) profits would be damnably difficult to prove because all that an...Read More
Australia-based King Living's showroom in Vancouver offers a selection of award-winning sofas and designer furniture, including dining and beds. King Living said because life happens around great furniture - each piece is designed and built with living in mind, and for an enduring way of life, "where living is making the most of your space, whatever the size." The Zaza sofa was designed by Austral...Read More
The EQ brand could be the only thing standing in the way of Tesla's long-term dominance in the luxury market.Read full newsRead More
"$CHWY - Chewy, Inc. (CHWY) CEO Sumit Singh on Q3 2019 Results - Earnings Call Transcript. Read more: https://t.co/jczY6GKebP #markets #trading #business"Read full newsRead More
"$CARG - Put CARG On Your Watchlist For International Growth. Get more info on Seeking Alpha: https://t.co/EMkRsTE3KE #finance #markets #business"Read full newsRead More