Base metals traded on the London Metal Exchange are for the most part little changed this morning, Thursday January 4, apart from nickel and copper prices that are up by 0.8% and 0.6%, with the latter at $7,220 per tonne. Volume has picked up with 9,663 lots traded as of 07:01 am London time. This follows a diverse performance on Wednesday that saw copper, aluminium, nickel and zinc close dow...Read More
Gold prices were down in the Asian morning trading session on Thursday January 4 on strong US economic data and the release of the Federal Open Market Committee (FOMC) minutes overnight. The spot gold price was recently quoted at $1,307.20/1,307.55 per oz, down $3.55 from the previous trading day's close. Trade has ranged from $1,305.20 to $1,311.20 per oz so far today.Minutes from the FOMC Decemb...Read More
https://www.economist.com/They offer steady jobs, but some miners would rather hunt stones on their ownAT THE bottom of a muddy basin surrounded by verdant mountains, Dora Alicia Hern??ndez combs through black sludge and rock in the faint hope of finding an emerald valuable enough to lift her out of poverty. "All we need is one shiny stone," she says, as rainclouds smother the mountains overhead....Read More
East Asian stainless steel prices maintained their upward trend over the past week amid gains in China's domestic market and costlier nickel.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm cold-rolled coil was $2,150-2,200 per tonne cif East Asian ports for the week ended Wednesday January 3, tightening upward by $50 per tonne from $2,100-2,200 per tonne a week earlier.Metal...Read More
The Chinese government has finished issuing the first two rounds of solid waste import licenses for 2018, with copper scrap import license numbers and tonnages both more than 94% lower. The first round of licenses was granted in late December 2017, with the second round granted this week - all for imports delivered in 2018. According to official files obtained by Metal Bulletin, copper scrap (HS c...Read More
Indian import scrap market participants will start 2018 optimistic that prices will be supported by both a rise in domestic finished steel demand and a more favorable regulatory environment. The market suffered a gloomy 2017, with mills largely priced out of import scrap markets and sellers increasingly turning to consumers in Bangladesh and Pakistan instead, but some market participants were...Read More
Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
Click Here to Listen to the InterviewBix Weir of RoadtoRoot-A returns with comments on cryptocurrencies and silver.Max Keiser of the Keiser Report on RT expects a global Central Bank to break ranks this year and plow billions in depreciating fiat money into Bitcoin and related Altcoins.Gold could soon be retro-Bitcoin, as young investors use a mere Bitcoin dime to procure over one ounce of the yel...Read More
Harley provides an update regarding North and South Korea, the next steps with the failed Mueller investigation and the need for the US to focus on meaningful legislation to put the US economy on the road to recovery.Read More
China is expected to increase its imports of zinc concentrates this year amid rising supply and idle domestic smelting capacity, Metal Bulletin has learned."Global zinc concentrates output is expected to rise this year and China has plenty of [idle] smelting capacity as operating rates last year were not high," one trader pointed out. Global mined zinc production is expected to...Read More
Dear friends,Greetings and best wishes for the New Year.I am pleased to write that the overall outlook for diamond demand is positive and improving. The US holiday season performed very well, and expectations are high for the Chinese New Year. Given the new US tax law and potential US fiscal policy stimulus in the form of huge infrastructure spending, we expect the positive trend to continue throu...Read More
"This reported action directly contradicts what Attorney General Sessions told me prior to his confirmation. With no prior notice to Congress, the Justice Department has trampled on the will of the voters in CO and other states.Continue...Read More
At Mines and Money London 2017, SmallCapPower sat down with Gianni Kovacevic, Chairman of CopperBank Resources Corp. (CSE:CBK), to discuss his investment thesis for copper. He tells us why he thinks the outlook for copper is still positive, due to supply disruptions and declining grades. He also provides us with a few of his favourite companies. Find out why Frank Holmes really loves one copper st...Read More
The United States was founded on secession. It didn’t have to be violent, but it was. Whose fault was that? Was it the United States’ fault for insisting on more local governance? Or was it England’s fault for ignoring the consent of the governed?In 1991, when Ukraine and Belarus declared their independence from the USSR, things did not end violently. They were allowed to exit th...Read More
SASKATCHEWAN - Toronto's Denison Mines Corp. is ready to begin the pre-feasibility study for its Wheeler River uranium project in the Athabasca Basin. The company has engaged Stantec Consulting and Engcomp Engineering and Computing Professionals to lead and author the study. Hatch will assemble the mineral processing information, and Denison Environmental Services will handle that part.Drill cor...Read More
Jeff Sessions is waving his prohibitionist sword again, and the market is destroying pot stocks. But don't worry. It's only temporary. In fact, we're now looking to pick up some really nice bargains.Read More
It wasn't even midnight yet when I was asked, "So, what's your New Year's resolution?"With a straight face and a nice buzz, I responded, "I don't do New Year's resolutions."Not to sound brash, but I think New Year's resolutions are cop-outs.They're glimmers of hope for folks who typically can't commit to anything worthwhile for more than a few days.We see it all the time.This year, I'm going to ge...Read More
The comments above & below is an edited and abridged synopsis of an article by Charles Hugh SmithModern finance has many moving parts, and this complexity masks its inner simplicity. Smith discusses the core dynamics of the current financial system (the core dynamic of the 'recovery' and asset bubbles: credit; the current (flawed) logic we're pursuing; and the stark conundrum we face).Central bank...Read More