Dr. Jerome Corsi joined us again to talk about his new book Killing the Deep State - The Fight to Save President Trump. The level and depth of the corruption and the plan to depose the President is breathtaking in its audacity and its naivet?(C). Never before in American History has a secret cabal so openly attempted to subvert the will of the electorate. Now they're on the defensive and we all h...Read More
By Jordan Roy-Byrne CMT, MFTA Last week we noted that Gold's quarterly close would be a key marker for Gold's immediate breakout potential. Gold was seemingly on course for its highest quarterly close since 2012 until it reversed back below quarterly resistance at $1330/oz. Hence, an imminent break to the upside is unlikely and gold watchers will have to remain patient. It's not yet Gold's time...Read More
China's ferrous futures decreased during morning trading on Monday April 2, losing the gains made during last Friday night's trading session.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,366 ($536) per tonne, down 61 yuan per tonne May hot-rolled coil: 3,707 yuan per tonne, down 37 yuan per tonne Dalian Commodity Exchange May iron ore: 445 yuan per tonne, down...Read More
"Initial analysis demonstrates the find is at substantial levels, capable of supporting the long-term extraction of tight oil and deep gas." Continue...Read More
By Keith WeinerThis topic is so timely and so important, that we publish this special report in lieu of our normal weekly Supply and Demand Report.After our recent article debunking manipulation, we got a phone call from a man whom we will call Jim Bailey (all names have been changed to protect the innocent and the guilty). Jim worked on the London gold desk at a major financial institution. He...Read More
SHANGHAI, Apr 2 (SMM) – Nonferrous metals futures rose across the board though China's Caixin manufacturing purchasing managers' index (PMI) failed to meet expectations. SHFE tin jumped over 2% and aluminium rebounded close to 2%. Nickel gained 1.6%, lead rose close to 1% while zinc inched up.The ferrous complex remained strong with coke up more than 3%. Rebar gained over 2%, ir...Read More
Big gains in the billet market over the weekend gave support to tender prices on the seaborne iron ore market on Monday April 2, though premiums for the most-liquid Pilbara Blend fines continued to weaken.Metal Bulletin 62% Fe Iron Ore Index: $65.80 per tonne cfr Qingdao, up by $0.81 per tonne Metal Bulletin 58% Fe Premium Index: $52.49 per tonne cfr Qingdao, up by $0.49 per tonne Metal Bulletin 6...Read More
"Every time you get late-cycle going into the front-end of a recession, you have a massive rally in commodities."Continue...Read More
China's rebar prices experienced big gains on Monday April 2, especially in the domestic segment, following a surge in the billet market over the weekend.Domestic Eastern China (Shanghai): 3,700-3,740 yuan ($589-595) per tonne, up 140-150 yuan per tonneNorthern China (Beijing): 3,780-3,800 yuan per tonne, up 60-70 yuan per tonneBillet prices rose sharply during the weekend due to strong demand, wh...Read More
Indians are hoarding their gold despite an increase in the Continue...Read More
SHANGHAI, Apr 2 (SMM) – The copper spot market in Shanghai saw active transactions on Monday April 2 as discounts stood at 110-40 yuan/mt. This compared with a discount of 180-120 yuan/mt on Friday March 30. Downstream consumers started to restock for the Qingming Festival holiday this week while sellers held back, SMM learned.At noon, standard-quality copper traded at 50,050-50,19...Read More
RAPAPORT... Alrosa failed to choose a first-place winner in itscompetition to establish a working plan for resuming operations at its Mirmine, the company said Friday. The Russian miner, which suspended activity at theunderground asset in August of last year following a flood that claimed eightlives, announced the contest this past January. Of the 33 entrants, 10 made itto the final stage and pres...Read More
(IDEX Online) - Sarine Technologies Ltd said the court case has ended in Tel Aviv of two Indians who had tried to steal the firm's intellectual property last summer. "Further to our announcement of 23 July 2017, concerning the attempt by two Indian nationals to buy Sarine's Galaxy system's schematics, list of parts and vendors and software source code for $1,000,000, which was offered...Read More
SHANGHAI, Apr 2 (SMM) – China has issued nine batches of approvals for restricted solid scrap material imports this year, with approved copper scrap imports of 337,900 mt, sharply down 88% from the same number of batches in 2017, SMM learned.Taizhou Chiho was approved to import 111,000 mt of copper scrap in Batch One and Batch Nine, down 74% from the same batches of 2017. Zhejiang Judong was...Read More
RAPAPORT... Sotheby's Magnificent Jewels spring sale in New York willfeature a 33.25-carat, D-flawless diamond pendant necklace with a high estimateof $5 million, the auction house said last week. The event - one of three New York sales Sotheby's will hold thismonth - will also include an array of colored-diamond jewelry. A 7.01-carat,fancy intense pink, SI2-clarity diamond ring is expected to go...Read More
- UK high street and wider consumer market feeling effects of financial crisis, Brexit and inflation- 350,000 retails jobs expected to disappear between 2016 and 2020- Centre for Retail Research predicts 9,500 shops to close this year and 10,200 in 2019- UK is 'worst performing' European market for new car registrations - Moody's- UK's growth outlook is the 'worst in the G20' - Institute of Fisc...Read More
(IDEX Online) - ALROSA has announced the results of the final stage of the competition for proposals for the resumption of mining works at the Mir pipe deposit. The competition committee awarded two projects with the second place. Another project took the third place. The technical solutions proposed will be used during the development of the mining works resumption concept, the firm said....Read More
SHANGHAI, Apr 2 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index edged down below 90 with limited upward momentum, while base metals rose across the board. SHFE nickel jumped over 2.5%, lead surged over 2%, tin rose 1.7%, while zinc, aluminium and copper were up some 1%.China’s official manufacturing purchasi...Read More
SHANGHAI, Apr 2 (SMM) –Copper: Supported by crude oil prices, SHFE copper rose and stood above the 10-day moving average with KDJ indicator expanding upwards. We expect the contract to trade at 50,200-50,700 yuan/mt today, with spot discounts at 150-100 yuan/mt.Aluminium: We expect LME aluminium to hover around the $2,000/mt level and trade at $1,995-2,020/mt with limited upward room given&n...Read More