By Scott Patterson New U.S. sanctions are causing fresh economic pain for Moscow, but have also ensnarled a handful of Western firms with deep roots in Russia. Glencore PLC said Chief Executive Ivan Glasenberg had resigned as a director of United Co. Rusal, which made Washington's sanctions list last week. Glencore owns a nearly 9% stake in the firm. The Swiss commodities giant said Tuesday it w...Read More
By Scott Patterson and Oliver Griffin Glencore PLC Chief Executive Ivan Glasenberg has resigned as a director of United Co. Rusal PLC, as fresh U.S. sanctions against Russia ensnarl one of the world's largest multinationals. The Swiss commodities giant said Tuesday it was committed to complying with all sanctions and taking steps to mitigate risks to its business. Its moves come after aluminum p...Read More
By Scott Patterson and Oliver Griffin Glencore PLC Chief Executive Ivan Glasenberg has resigned as a director of United Co. Rusal PLC, as fresh U.S. sanctions against Russia ensnarl one of the world's largest multinationals. The Swiss commodities giant said Tuesday it was committed to complying with all sanctions and taking steps to mitigate risks to its business. Its moves come after aluminum p...Read More
By Oliver GriffinGlencore said Tuesday that Chief Executive Ivan Glasenberg has resigned as a director of Russian company United Co. Rusal PLC (0486.HK), which was placed on the U.S. sanctions list alongside its controlling shareholder EN+ Group. The Anglo-Swiss mining and commodity-trading company said it is committed to complying with all sanctions, and that it is taking all necessary steps to...Read More
By James Marson and 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 (April 10, 2018). MOSCOW -- Russian markets convulsed in the wake of new U.S. sanctions, as the ruble tumbled and domestic and foreign investors dumped Russian stocks. Shares in United Co. Rusal PLC, th...Read More
Dave Kranzler says silver will in fact soar in price, but this needs to happen first. Here's the details...by Dave Kranzler of Investment Research DynamicsThere's been an abundance of commentary on the net long position of the "Swap Dealers" in Comex silver futures per the COT report. As of the latest COT report, the Swap Dealers are net long almost 22k silver contracts. This is unprecedente...Read More
Peter KrauthThe price of silver remains in a narrow trading range, with last week's retreat almost perfectly mirroring the gains of the previous week. Silver prices today (Tuesday) are mostly flat, up just 0.73% in early morning trading.That's exactly the kind of frustrating action we see in bull markets that causes such angst in retail investors. It's easy to lose patience and look to other secto...Read More
Clive Maund is expecting an imminent spike in silver with a panic wave of short covering. Here's the details...by Clive Maund of Streetwise ReportsWe now have the most bullish setup for silver that we have ever seen. After trading sideways/down for over 20 months now, investors have completely lost interest in it, which is, of course, the perfect breeding ground for a huge rally that seems to come...Read More
By James Marson and Scott Patterson MOSCOW -- Russian markets convulsed in the wake of new U.S. sanctions, as the ruble tumbled and domestic and foreign investors dumped Russian stocks. Shares in United Co. Rusal, the giant Russian aluminum maker, lost more than half their value on Monday, after the U.S. hit the company and its main owner, Oleg Deripaska, with sanctions on Friday. The damage spr...Read More
By James Marson and Scott Paterson MOSCOW -- Shares in United Co. Rusal, one of the world's largest aluminum producers, lost half their value Monday, as the effect of U.S. sanctions on Russian companies and the tycoons that own them rippled across markets around the world. Investors sold off Rusal shares in Hong Kong amid uncertainty over how the sanctions may affect the company's ability to tra...Read More
By James Marson and Scott Patterson MOSCOW -- Shares in United Co. Rusal, one of the world's largest aluminum producers, lost half their value Monday, as the effect of U.S. sanctions on Russian companies and the tycoons that own them rippled across markets around the world. Investors sold off Rusal shares in Hong Kong amid uncertainty over how the sanctions may affect the company's ability to tr...Read More
By James Marson and Scott Patterson MOSCOW -- Shares in United Co. Rusal, one of the world's largest aluminum producers, lost half their value Monday, as the effect of U.S. sanctions on Russian companies and the tycoons that own them rippled across markets around the world. Investors sold off Rusal shares in Hong Kong amid uncertainty over how the sanctions may affect the company's ability to tr...Read More
"But just when silver is universally left for dead, one of its massive uplegs or bull markets suddenly ignites. Some catalyst, typically a major..."by Adam Hamilton of Zeal LLCSilver has been dead money over the past year or so, relentlessly grinding sideways to lower. That weak price action has naturally left this classic alternative investment deeply out of favor. Silver is extremely under...Read More
With the massive spec net short in silver combined with the commercial net long, the coming rally could literally be spectacular. Here's why...by Craig Hemke of TF Metals ReportWith the open interest in Comex silver blowing out to a new alltime high yesterday, we thought it best to discuss again what this indicates and what it doesn't.As of yesterday's Comex close, the total open interest in Comex...Read More
"Something strange has been happening in precious metals lately...even as the paper market internals have increasingly predicted the opposite..."by John Rubino of Dollar CollapseSomething strange has been happening in precious metals lately. Gold has been doing a lot better than silver, even as the paper market internals have increasingly predicted the opposite. The result is a gold/silver ratio t...Read More
"The silver price has perhaps disappointed many investors of late...however not all is at it seems." Here's the details...by Mark O'Byrne via SilverSeek Bloomberg's Mike McGlone silver "set to test the $18 an ounce resistance level"- LBMA report: volume of silver ounces transferred in February fell by 24%- Standard Chartered: gold-silver ratio and supply/demand fundamentals favour silver- Gold/s...Read More
What strategies are needed to not just survive but to thrive in the turbulent times ahead? Here's some you may already know, and some you may not...David Moadel interviewed on Reluctant PreppersBond market in a bubble? What's next?Stock Market pivot to bear, or continue bull rallying after this breather?Petro-Yuan: China allowing investors to bypass the USD in the oil market and the futures market...Read More
"What the big banks, led by JP Morgan, have done to silver is so incredibly criminal. But since the criminal banks run the world, they get..."James Anderson interviewed by Sean on SGTreportWhat the big banks, led by JP Morgan, have done to silver is so incredibly criminal. But since the criminal banks run the world, they get away with it with impunity. Meanwhile, JP Morgan has quietly built the la...Read More
Gold prices have chopped higher since bottoming in December 2015. The move has not been as exciting as precious metals bulls would like but its followed a trend of higher lows nonetheless.During the same time frame, Gold has tested the $1360 - $1375 price level on multiple occasions - see resistance line at (1). This action has created a compression pattern that is creating pressure to the upsi...Read More
Some companies claim they're making bank selling $16 silver all day long, but Steve St. Angelo dives into the details to reveal quite a different reality...by Steve St Angelo of SRSrocco ReportJust two mines supply the United States with half of its silver production, and both are located in Alaska. It's quite amazing that Alaska now produces half of the silver for the U.S. when only 30 years ag...Read More