Either physical silver demand from India will have to crash, or the paper price of silver will have to rise. Here's why...by Craig Hemke via Sprott Money NewsRather than another discussion of charts and COMEX price projections, this week we thought we should point out a physical fundamental that has gone seemingly unnoticed in 2018.Before we begin, let's be sure to give credit to Louis Cammarosano...Read More
CLICK ON CHART TO ENLARGEThe chart looks at the Thomson Reuters Commodity Index over the past 38-years, on a monthly closing basis.The index has been creating a series of higher lows and higher highs over the past 15-years inside of rising channel (1). It hit the top of the rising channel (1) back in 2011 and since then it has created a series of lower highs and lower lows inside of the falling ch...Read More
By Rhiannon Hoyle SYDNEY--Rio Tinto PLC (RIO.LN) on Tuesday published its half-year operations report, in which the miner recorded a sharp rise in iron-ore shipments, particularly for premium products currently in demand among China steelmakers. Here are some remarks from the company's report. On Pilbara iron ore output: "Pilbara operations produced 168.7 million tons (Rio Tinto share: 140.5 mill...Read More
Peter KrauthAs the price of silver in 2018 continues to struggle, has the precious metal found its bottom?Given the challenging sentiment and momentum silver is facing, it could still drop a bit lower before finally beginning its rally.The silver price has been testing the recent low it established in early July, as hot money dropped commodities in favor of cash and short-term bonds.But with senti...Read More
By Rhiannon Hoyle SYDNEY--Rio Tinto PLC (RIO.LN) recorded a sharp rise in half-year iron ore exports by ramping up one mine and working others harder, and said it expects shipments to hit the high end of its target range for 2018. The Anglo-Australian mining company, one of the world's top iron-ore sellers, said it shipped 168.8 million metric tons of the steelmaking commodity from its Australian...Read More
By Rhiannon Hoyle SYDNEY--Rio Tinto PLC (RIO.LN) shipped 9% more iron ore from its Australian mines in the first half of 2018, and said it expects full-year shipments at the high end of an earlier projection. The Anglo-Australian mining company on Tuesday said 168.8 million metric tons of the steelmaking commodity was exported from its operations in Australia's remote Pilbara mining region during...Read More
Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | Email | Stitcher | RSS"We are in uncharted waters. Probably the best fundamental time to be in the metals, and no one cares." ~ David Morgan tells Silver Doctors...David Morgan of The Morgan Report interviewed by Silver Doctors1.5 billion ounces of silver demand is projected through 2030 in the green energy industry. Davi...Read More
A sovereign coin, silver, a Krugerrand, and a sweet price to boot! The South African Mint really hit it out of the park with this one! Here's the details...Many precious metal bullion buyers have been hoping for a competitively priced 1 oz Silver Krugerrand bullion coin.After last year's higher price limited issuance, it appears the South African Mint has heard silver bullion buyers loud and clea...Read More
Harvey explains that COMEX just set a new record with silver. Here's the details...by Harvey Organ of Harvey Organ BlogJULY 12/GOLD UP $2.30 CLOSING AT $1246.30/SILVER UP 12 CENTS TO $15.96/TALKS BETWEEN CHINA AND USA COLLAPSE IN TRADE TALKS/TRUMP RILES UP NATO:ASKS NATO COUNTRIES TO PAY UP THEIR FAIR SHARE/TURKEY HEADING TOWARD HYPERINFLATION/IN SHANGHAI: HUGE AMOUNT OF OIL TURNOVER CONTRACTS MEA...Read More
By Scott Patterson This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (July 12, 2018). Glencore PLC Chairman Tony Hayward is heading a new board committee to oversee the Anglo-Swiss mining giant's response to a subpoena by the U.S. Department of Justice, the company said Wednesday. On Jul...Read More
By Rhiannon Hoyle SYDNEY--Rio Tinto PLC (RIO.LN) expects the high-end colored diamonds its sells from an Australian mine to sidestep the volatility facing broader commodity markets as a trade battle intensifies. Chief Executive Jean-Sebastien Jacques said he expects strong demand and better prices versus last year for stones being sold in Rio Tinto's annual Argyle pink diamonds tender, interest f...Read More
SUN VALLEY, Idaho (Reuters) - NBA Commissioner Adam Silver said he expected the league to benefit from a battle between Comcast Corp and Walt Disney Co. for Twenty-First Century Fox Inc, regardless of which suitor pulls ahead."I think whatever happens will be positive for us," the head of the National Basketball Association (NBA) told reporters on Wednesday in Sun Valley, Idaho, where investment b...Read More
By Amrith Ramkumar and David Hodari A selloff in industrial metals and other commodities intensified Wednesday, as the latest tariff threats from China and the U.S. escalated worries about the effect of a trade battle on the global economy. Copper tumbled as much as 4% to its lowest level in nearly a year, before closing down 3.4%. Futures prices for the red metal have tumbled 17% from a four-ye...Read More
By Amrith Ramkumar and David Hodari A selloff in industrial metals and other commodities intensified Wednesday, as the latest tariff threats from China and the U.S. escalated worries about the impact of a trade battle on the global economy. Copper tumbled as much as 4% to its lowest level in nearly a year, before closing down 3.4%. Futures prices for the red metal have tumbled 17% from a four-ye...Read More
By Amrith Ramkumar and David Hodari A selloff in industrial metals and other commodities intensified Wednesday, as the latest tariff threats from China and the U.S. escalated worries about the impact of a trade battle on the global economy. Copper tumbled as much as 4% to its lowest level in nearly a year, before closing down 3.4%. Futures prices for the red metal have tumbled 18% from a four-ye...Read More
By Amrith Ramkumar and David Hodari A selloff in industrial metals and other commodities intensified Wednesday, as the latest tariff threats from China and the U.S. escalated worries about the impact of a trade battle on the global economy. Copper tumbled as much as 4% to its lowest level in a year. Futures prices for the red metal have tumbled 18% from a four-year high in June, bringing it clos...Read More
By David Hodari Metal prices tumbled Wednesday amid concern that the Trump administration's threat of more tariffs on Chinese goods could sap demand for everything from copper to platinum. The price of copper plunged 2.9% to $6,162.50 a metric ton in London, with zinc, nickel, lead, and tin all shedding more than 2%. Metals have been at the forefront of the market's reaction to the burgeoning t...Read More
By Scott Patterson Glencore PLC Chairman Tony Hayward is heading a new board committee to oversee the Anglo-Swiss mining giant's response to a subpoena by the U.S. Department of Justice, the company said Wednesday. On July 3, Glencore said it had received a subpoena from the Justice Department relating to its compliance with the U.S. Foreign Corrupt Practices Act and money-laundering statutes. T...Read More
By Oliver Griffin Glencore said Wednesday that Non-Executive Chairman Tony Hayward, the former CEO of BP, is heading a new board committee to oversee the company's response to a subpoena by the U.S. Department of Justice. On July 3 the Anglo-Swiss miner received a subpoena from the Justice Department relating to its compliance with the U.S. Foreign Corrupt Practices Act and money-laundering statu...Read More
By Rhiannon Hoyle SYDNEY--Rio Tinto PLC (RIO.LN) said it has signed a new US$156 million contract with Westug for tug boat services at its iron-ore ports at Cape Lambert and Dampier in remote northwest Australia. Under the five-year deal, Perth-based Westug will handle the operations and maintenance of Rio Tinto's 11-vessel tug fleet at those sites, as well as four smaller craft, the mining compa...Read More