Uptrends in the spot aluminium premiums in Rotterdam have faltered with backwardations in the London Metal Exchange December/three-month and January/three-month spreads starting to put material pressure on the physical market. Fastmarkets assessed the benchmark aluminium P1020A premium, in-whs dup Rotterdam at $100-110 per tonne on Friday September 20 from $105-115 per tonne the day before wh...Read More
Adam HamiltonArchivesSep 20, 2019 The Federal Reserve's endless machinations really affect the gold price, sometimes confounding traders with seeming illogicalness. This week the Fed cut rates again, which has really boosted gold in the past. Yet it plunged 1.7% in less than an hour after this latest decision! While gold's Fed reactions often look capricious, there's a method to this madness. Trad...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
The multi-national miner has been "left behind in a gold rally" this year compared with its peers - down 23% versus the ASX 200 gold index gaining 40% - but according to UBS, it could make upRead More
"The export levy adversely impacts the outlook for Kagem, with its cash generation and profitability being drastically reduced," Gemfields says in its H1 results.Read More
A share purchase plan to raise an additional $2 million will also open to give smaller investors a chance to buy in at the same issue price of 23c, an 8% discount to the last closing price of 25c. Swick boss and major shareholder Kent Swick said the company was well placed for growth this financial year with a strong order book worth more than $350 million. "We are also seeing additional...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 341,51158,91265,382163,008481,407569,901605,701 Change from Prior Reporting Period 7,397-5,4774,3456,94719,73518,68918,603 Traders 21167785256291177 Small Speculators LongShortOpen Interest 61,08925,289630,990 -2,452-2,36616,237 non report...Read More
The Federal Reserve's endless machinations really affect the gold price, sometimes confounding traders with seeming illogicalness. This week the Fed cut rates again, which has really boosted gold in the past. Yet it plunged 1.7% in less than an hour after this latest decision! While gold's Fed reactions often look capricious, there's a method to this madness. Traders need to understand...Read More
Michael Pento Ph.D. & Chris Waltzek Ph.D. - September 19th, 2019. * .Mp3 format.HighlightsMichael Pento, President and Founder of Pento Portfolio Strategies LLC returns to Goldseek.com. The duo concur that the US PODUS is attempting improve the position of the domestic economy. The EU and related economies may be on the cusp of a new Great Recession. The EU enacted QE operations via 20 bil...Read More
Stewart Thomson, Graceland Updates 1. Please click here now. The Fed just cut interest rates again. It also cut the rate it pays banks on their excess reserves. 2. What does this mean for gold? Well, the 30basis point cut on excess reserves is bigger than the 25basis point cut on the fed funds rate. That could incentivize banks to loan money to the private sector rather...Read More
Diego Zanuso will begin a transition plan to take over as chief executive officer of Evraz' trading arm, Switzerland-based East Metals AG, while the current East Metals chief executive officer Joe Vazquez is set to retire as of July 2020.Zanuso has spent 12 years with Evraz, most recently serving as the global head of vanadium sales since...Read More
In a statement last week, the court said it would carry out control on a "case by case" basis, regarding the origin of popular consultations on mining, analysing whether these violated rights or implied reforms to the constitution, and if they met the requirements of loyalty, clarity and transparency required by law to guarantee the rights of voters.It said the applications by the prefect of the A...Read More
Chinese nickel consumers may be deterred from guaranteeing long-term ore supply by investing in Philippine ore production, delegates said during a panel discussion at the 18th International Stainless and Special Steel Summit in Seville, Spain, on Wednesday September 18.This is despite prevailing opinion that Philippine material is more easily refined and cost effective than Chinese nickel pig iron...Read More
Questions about the fate of stocks held by the defunct Fanya Metal Exchange have been a weight on negotiations in many minor metals markets since the bourse collapsed in 2015, and have contributed to the uncertainty that has stifled trade for much of 2019.Buying appetite in the spot market has weakened, and prices for some minor metals including indium, bismuth and antimony have reached multi...Read More
An overview of the minor metals markets and their latest price moves.Read More
Global scrap prices continued to fall in all major markets during the week ended Friday September 20, under pressure from persistent negative sentiment and with market participants seeing no prospect of relief. Turkey import prices fall further; suppliers accept lower prices US export prices down for cargoes sold off both coasts Asian import prices decline on oversupply Indian import prices down i...Read More
Prices for ferrous scrap imported into India moved down this week after a sudden drop in Turkish scrap prices midweek had a knock-on effect, sources told Fastmarkets on Friday September 20.Fastmarkets' weekly price assessment for steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $256.82 per tonne on Friday, down from $262.71 per tonne one week ago.At the start of the week, deals fo...Read More
The inter-merchant spot market for UK light iron scrap held steady over the week ended Friday September 20, with smaller sellers reporting offer prices in the upper half of the present price range, and major suppliers that process scrap reporting prices in the lower half of the range.The market had dropped for two consecutive weeks before September 13, with settlement prices agreed in consumer del...Read More
The markets remain in limbo this morning, Friday September 20, while they wait for any news from the initial talks that are underway between deputy trade negotiators in the United States.With the US, Europe and China all showing they are prepared to ease monetary policy and with some signs of slightly better economic data, the markets seem a little less nervous and with that prices are managing to...Read More
Here is what's new today on INK Ultra Money. INK Research CIA subscribers have full access to all Ultra Money videos including premium content. Non-INK subscribers can sign-up directly on INK Ultra Money or stay tuned for a special offer coming here soon.1. The sun is shining on CIBC and Canadian Financials - INK Research (Subscriber content)It is rare to see insider buying at a big Canadian ba...Read More