Stocks declined on Wednesday, Jan. 10, the dollar slumped and bond yields spiked to a 10-month high following reports that China may be reconsidering its investment in U.S. government debt. If stocks finished lower on Wednesday it would be the first down day of 2018. The Dow Jones Industrial Average fell 44 points, or 0.18%, the S&P 500 slipped 0.22%, and the Nasdaq was down 0.5% a...Read More

Stock futures fell sharply Wednesday, while the dollar slumped and bond yields spiked to a 10-month high following reports that China may be reconsidering its investment in U.S,. government debt. Contracts tied to the Dow Jones Industrial Average fell 110 points from their Tuesday close while those linked to the broader S&P 500 tumbled 10.5 points, or 0.38%, from yesterday's record...Read More

The latest news and price moves to start the Asian day on Thursday January 11.Nickel continued to rally on the London Metal Exchange during afternoon trading on Wednesday January 10, closing in positive territory alongside the rest of the metals. Read more here in our live futures report.Here are how prices looked at the end of the day on Wednesday.Unspecified technical issues at Birla Copper's Da...Read More

I simulate a 3x daily leveraged gold fund back for 50 years.The fund performs horrifically: It is currently on a 38-year downturn and has lost as much as 99.8% of its value.Despite that, I own shares of UGLD.** This article deals with leveraged funds. Leveraged funds are not suitable for many investors. They are highly volatile, and can suffer enormous and long downswings. Please invest carefully....Read More

Millennials are finally growing up.I'm sure you've heard the stories by now. Millennials are stunted, the experts warn. They're up to their eyeballs in student loan debt. They're having trouble finding good-paying jobs. Heck, most of them are living in their parent's basements or crappy apartments.But here's the thing: many of these generalizations aren't true at all. In fact, millennials have gro...Read More

I’ve seen Wall Street analysts make some bad calls before, but this one really takes the cake. They’re so far off base that even a major Wall Street firm is calling them out for being behind the curve.In a note to clients, Credit Suisse said the following:“Analysts have adjusted their 2018 forecasts by less than 2% for recent tax changes, a fraction of the likely impact.”...Read More

We made it through 2017.And if you look at the stock and asset markets, as Donald Trump tends to do (and as Barack Obama did, too), you'd think all is fine with the world.The Dow Jones Industrial Average rose about 24% last year. The Dow Jones U.S. Real Estate Index rose 6.20%. The price of one bitcoin rose about 1,646%.And so far 2018 has been more of the same.On the flip side of that euphoria ho...Read More

Dear Reader,The Dow required just 23 record-breaking trading days to leap from 24,000 to 25,000.The same Dow took 24 trading days to leap 1,000 points under the old record… a record established only last year.Can we now expect the Dow to break 26,000 within the next 22 trading days?And does this galloping pace mean we have entered the crack-up boom - the manic boom that precedes the bust?Tod...Read More

A partnership between Colorado School of Mines and nonprofit Quality of Life Plus that is bringing Mines students together with injured veterans to to engineer custom solutions for specific mobility problems was recently featured by multiple news outlets, including The Denver Post, CBS4 Denver, FOX31 Denver and the Golden Transcript. The Denver Post: Disabled Colorado veterans gain new mobility...Read More

The latest news and price moves to start the Asian day on Thursday January 11.Nickel continued to rally on the London Metal Exchange during afternoon trading on Wednesday January 10, closing in positive territory alongside the rest of the metals. Read more here in our live futures report.Here are how prices looked at the end of the day on Wednesday.Unspecified technical issues at Birla Copper's Da...Read More

France's Framatome and China National Nuclear Corporation (CNNC) have signed a protocol for the development of global strategic cooperation. They have also renewed a contract under which Framatome will supply nuclear fuel components to CNNC.The protocol was signed in Beijing during the first visit to China by French President Emmanuel Macron from 8 to 10 January. It was signed by Framatome CEO Ber...Read More

Russian State Expert Examination Board (Glavgosexpertiza) has approved the operation of the floating nuclear power plant Akademik Lomonosov. The authority said on 9 December it had approved the project in Russia's northernmost city of Pevek that is being funded by Rosenergoatom, the nuclear power plant operator subsidiary of Rosatom.The Akademik Lomonosov (Image: Rosenergoatom)Currently moored at...Read More

Operations at Glencore's Pasar copper smelter have been suspended since last week due to a leakage in the sulfuric acid plant, Metal Bulletin has learned.The smelter consumes 720,000 tonnes per year of copper concentrates. Part of the feed comes from Freeport's Grasberg copper mine in Indonesia. Glencore will continue to receive the feed, a well-informed source told Metal Bulletin. At least two sh...Read More

Comex copper prices inched higher Thursday January 11 morning in the US due to a weaker dollar in an overall shallow market.Copper for March settlement on the Comex division of the New York Mercantile Exchange increased 0.55 cents or 0.2% to $3.2410 per lb. The dollar has softened gradually since mid-December and was recently trading at a one-week low of 91.94 on the...Read More

Annual refining charges (RCs) for imported blister copper, an intermediate product of refined copper production, have increased slightly this year while China's copper smelters are looking to import more material to fill the supply gap arising from the drastic cut in copper scrap import quotas.Expectations of rising supply have boosted RCs for imported blister copper, normally 97-99% copper conten...Read More

Huayou Cobalt and Posco will invest in two joint ventures in China's Zhejiang province to produce lithium-ion battery materials, according to a statement filed on the Shanghai Stock Exchange on Wednesday January 10. With a total investment of 1 billion yuan ($154 million), Zhejiang HUAYOU-POSCO New Energy Co, Ltd will be dedicated in the research and development, production, as well as sales of li...Read More

I fully expect the Government's Census Bureau to post a mind-blowing headline retail sales number for December. Hyperbolic headline economic statistics derived from mysterious "seasonal adjustments" based on questionable sampling methodology is part of the official propaganda policy mandated by the Executive Branch of Government.But I also believe that retail sales were likely more robust than s...Read More

Panoro Minerals (PML.V) continues to work on its fully owned Cotabambas copper-gold-silver project in Peru, and it has now released excellent assay results from its Petra target where the drill bit intersected 79 meters containing 0.32% copper, 0.08 g/t gold and 2.2 g/t silver in an interval starting at surface. The mineralization appears to be oxidized which could perhaps be beneficial to a plan...Read More

Operations at Glencore's Pasar copper smelter have been suspended since last week due to a leakage in the sulfuric acid plant, Metal Bulletin has learned.The smelter consumes 720,000 tonnes per year of copper concentrates. Part of the feed comes from Freeport's Grasberg copper mine in Indonesia. Glencore will continue to receive the feed, a well-informed source told Metal Bulletin. At least two sh...Read More

Annual refining charges (RCs) for imported blister copper, an intermediate product of refined copper production, have increased slightly this year while China's copper smelters are looking to import more material to fill the supply gap arising from the drastic cut in copper scrap import quotas.Expectations of rising supply have boosted RCs for imported blister copper, normally 97-99% copper conten...Read More