A group of metals and mining companies including Glencore and Anglo American have joined forces with the World Economic Forum to explore the use of blockchain technology to accelerate responsible sourcing of raw materials. The Mining and Metals Blockchain Initiative will explore the building of a blockchain platform to address transparency, the track and tracing of materials, the reporting of carb...Read More

Originally published on Sat Oct 12 for our ElliottWaveTrader members:While we have been tracking the metals market for the next rally set-up, we have seen some signs that the market may attempt to begin that rally sooner rather than later.However, I have to be honest in noting that I am seeing more signs that lower levels may still be struck before we are ready for that rally. So, as I have been s...Read More

In January 1980, the price of silver peaked at just under $50.00 per ounce. From its low in October 1971 at $1.27, silver had risen thirty-nine fold in little more than eight years.There was talk about higher silver prices, as much as $100.00 per ounce and more. Yet, only a few months later, silver was down to $10.00 per ounce. That amounted to a decline of nearly eighty percent from its peak.Silv...Read More

A declining rebar market in China coupled with elevated prices for scrap have put a squeeze to the profit margins of electric-arc furnace operators in the country since September.Amid a pessimistic outlook for demand and prices, market participants are expecting these EAF operators - which account for close to a third of the supply of the long steel product in China - to cut their output soon.EAF...Read More

Crude oil bounced from its yesterday’s lows, and the oil bulls rebuffed another attempt to move lower earlier today. Does that mean that the upswing can continue now, or a cautious approach would win the day? In yesterday’s Alert, we wrote the following:Crude oil moved higher last week, especially on Thursday and Friday. This rally was in tune with the clear buy signals from the CCI an...Read More

Yesterday, the Nobel prizes in economics were awarded. Unfortunately, gold has been omitted and got nothing. How unfair! But looking at the Dutch central bank press release, gold would have much higher chances if they were the ones granting the prizes and not the Swedish central bank!2019 Nobel in Economics and GoldYesterday was a big day! At least for all those boring economists and similar bean-...Read More

Vale saw its adjusted earnings grow by 6.4% year on year in the third quarter amid higher prices and lower expenses related to the Brumadinho tailings dam disaster early this year.The Brazilian miner's adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) for the July-September period totaled $4.60 billion, which compares with $4.33 billion a year earlier.Vale's reported...Read More

Preciousmetals moved strongly on Friday, and did so on significant volume. Thereversals we have seen on Thursday got resolved with a heavy thud. Let’s diveinto the many charts and perspectives and explore how well they support theupcoming move across the sector. Let’sstart this week with a bigger update on multiple gold charts. There are so manyreasons due to which gold is likely to de...Read More

At present, there could be a number of positive developments for precious metals.Last Friday, the US Dollar cracked lower and could be at risk of lower levels into year end.Days earlier the Federal Reserve announced new “QE-like” measures just as they told us it was not really QE. In addition, the market is showing a nearly 68% chance of a rate cut later this month.  Isn&rsqu...Read More

Perspective is everything when it comes to the markets. It is always most important to look at the long term charts first and then work your way back to the shorter timeframes. Long term charts also show where major support and resistance resides that can have a calming affect on ones emotions when the inevitable corrections take place.Its been several months or so since we last looked at this 30...Read More

Bearish macroeconomic signals and oversupply have put minor metals and ferro-alloys prices variously under pressure over 2019; the structure and terms of contracts agreed over the coming weeks will show how market participants are accounting for those signals ahead of 2020. A slowing global economy alongside uncertainty over the China-United States trade dispute and Brexit have slowed minor metals...Read More

Trade unions representing workers for Chile's state-run miner Codelco have called on their members to mobilize in support of protests against the government.Union No1 for Codelco's Chuquicamata has joined Sindicato No1 for BHP's Escondida in backing protestors, whose opposition to inequality in the country has escalated into alleged looting and arson, and to violent confrontations with the militar...Read More

Electric vehicles (EVs) are forecast to reach cost and functional parity with internal combustion engine (ICE) vehicles by 2025. Theoretically, this should create the global tipping point for mass market EV adoption, along with the development of the associated charging infrastructure required to accompany the growth.In practice, it is not quite as straightforward.A recent report by investment res...Read More

Copper has attempted to rebound since early September following a marked sell-off in the summer months where macro and fundamental forces have been prevalent.On the macro front, copper has benefited from a slight easing in US-China trade tensions and more monetary policy easing across the globe - including China, where copper consumption is the most exposed - that has shored up investor sentiment....Read More

In mid-2000, one of the most successful advertising campaigns running was Capital One's "What's In Your Wallet?"Remember the commercials? The first year the ads ran, Capital One total US accounts went from 29MM to over 40MM, and card consideration among consumers tripled!This was the first time ever Capital One executed a sustained advertising campaign and they knocked it out of the park.But if th...Read More

"$GALXF - Galaxy Resources Limited (GALXF) CEO Simon Hay on Q3 2019 Results - Earnings Call Transcript. Read more and sign up for updates: https://t.co/RQWUMvcBjr #economy #investing #business"Read full newsRead More

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Precious metals miner Hochschild Mining on Wednesday reported a near 9% jump in ...Read full newsRead More

A giant open-pit copper and gold dig above Alaska's Bristol Bay could yield sales of more than $20 billion in two decades, but Pebble Mine would place the world's greatest wild salmon run at risk forever.Read full newsRead More

"Dividend Champion And Contender Highlights: Week Of October 27. Read more and get updates on any stock! https://t.co/zPiZWgEor1 #stocks #economy #markets"Read full newsRead More