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IRON ORE DAILY: Prices, premiums rise on BHP supply disruptions, China futures rebound

November 09, 2018 / www.metalbulletin.com

Seaborne iron ore prices and premiums advanced on Thursday November 8, on continuing concerns over Australian supplies and following a rebound in China's futures market.MB 62% Fe Iron Ore Index: $76.27 per tonne cfr Qingdao, up $1 per tonne.MB 62% Fe Pilbara Blend Fines Index: $75.30 per tonne cfr Qingdao, up $1 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $79.90 per tonne cfr Qingdao, up $1.52...Read More

Martin Armstrong: This is how empires, nations, and city-states crumble into the dust

November 08, 2018 / marketsanity.com

The races are so razer-thin showing that the nation is deeply divided that we are still waiting on some seats to be declared - namely three in the Senate. This is extremely Continue...Read More

Aston Bay buys Jack's Fork Exploration and its Virginia project

November 08, 2018 / www.mining.com

Aston Bay Holdings (TSX-V: BAY) has just completed the transaction to acquire all of the issued and outstanding stock of Jack's Fork Exploration (JFE). The acquisition was completed by way of a reverse triangular merger of Blue Ridge Mining, a wholly owned subsidiary of the company, into JFE, resulting in JFE being renamed "Blue Ridge Mining" and becoming a direct and wholly-owned subsidiary of As...Read More

Nomi Prins: Why the Post-Election Rally Will Extend Into 2019

November 08, 2018 / marketsanity.com

This midterm election season seems like it lasted forever. There was certainly no shortage of ads, media dissections of every sound bite they could get their hands on and more than enough negativity to go around.Continue...Read More

Nomi Prins: Buybacks Will Push the Market Higher

November 08, 2018 / marketsanity.com

A lot of people seem to have already forgotten about last month's big market sell-off. But if you're still worried about October's market sell-off, you should know that the largest bank in the U.S., JPMorgan Chase, isn't.Continue...Read More

Harry Dent: The Trump Bump and the Midterm Election Referendum

November 08, 2018 / marketsanity.com

Well, the election turned out close to what was predicted. The Democrats took over the house, but by a modest margin. The Republicans picked up at least two and likely three senate seats, making their control there more solid.Continue...Read More

World stocks score longest winning run of 2018 ahead of Fed

November 08, 2018 / www.kitco.com

LONDON (Reuters) - World stocks scored an eighth straight session of gains and their longest winning streak of the year on Thursday, as reassuring trade data from China kept the previous day’s post-U.S. mid-terms risk rally rolling.Traders were gearing up for the U.S. Federal Reserve meeting in a confident mood and the contrast to the last one in late September, when stock markets had just b...Read More

Schiff: Divided Government Will Produce Larger Deficits

November 07, 2018 / marketsanity.com

Peter Schiff is an internationally recognized ecoanomist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWeek, Tim...Read More

China AM: Futures fall amid weakening physical markets

November 09, 2018 / www.metalbulletin.com

China's ferrous futures fell during morning trading on Thursday November 8 after prices in most of physical markets weakened a day earlier.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 3,913 yuan ($565) per tonne, down 38 yuan per tonne January hot-rolled coil: 3,657 yuan per tonne, down 41 yuan per tonne Dalian Commodity Exchange January iron ore: 512 yuan per...Read More

Trump threatens retaliatory investigations if Dems push oversight

November 07, 2018 / marketsanity.com

"If the Democrats think they are going to waste Taxpayer Money investigating us at the House level, then we will likewise be forced to consider investigating them for all of the leaks of Continue...Read More

The State of the American Debt Slaves, Q3 2018

November 07, 2018 / marketsanity.com

Consumer debt - or euphemistically, consumer "credit" - jumped 4.9% in the third quarter compared to the third quarter last year, or by $182 billion, to almost, but no cigar, $4 trillionContinue...Read More

San Francisco voters approve homeless tax on businesses

November 07, 2018 / marketsanity.com

Hypothetically Square could pay over $20m more in 2019, while Salesforce (4x bigger than Sq) pays less than $10m. Taxes would grow at rates multiple times our adj. revenue, Continue...Read More

Doug Casey: Most Mining Stocks "Are Just Crap", Except These Ones (Part 3/3)

November 07, 2018 / marketsanity.com

For Part 1 of this interview, CLICK HEREFor Part 2 of this interview, CLICK HEREDoug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider of subscription financial analysis about specific market verticals including natural resources/meta...Read More

EGYPT STEEL BILLET, REBAR: Billet prices rise but demand stays weak

November 09, 2018 / www.metalbulletin.com

Steel billet import prices in Egypt increased in the week to Thursday November 8, but demand for rebar was still weak in the country.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $480-490 per tonne cfr on Thursday, compared with $477-480 per tonne cfr last week.Billet producers in the Commonwealth of Independent States (CIS) increased their prices because of the hig...Read More

Avino: Silver Production in Mexico, Gold Exploration in B.C.

November 08, 2018 / www.theaureport.com

James Kwantes profiles a long-time, stable silver producer with growingdeposits in Mexico and a "call option" on high-grade gold in Canada. Long before Hollywood directors made it a favored setting for westerns. . .before Pancho Villa rose from the poverty of a hacienda there to become an important Revolutionary general. . .the Mexican state of Durango was a major center for global silver product...Read More

Golden Arrow Resources: Rock Solid Leveraged Play on Silver

November 07, 2018 / www.theaureport.com

The Critical Investor explains why he believes this company is one of the safest leveraged plays on the silver price.San Miguel open pit; Pirquitas Mine1. Introduction Although silver does not get much love lately, there are silver plays around that could move significantly as soon as the price of the metal recovers in more positive precious metals sentiment. One of these plays is Golden Arrow Res...Read More

Stocks Extend Gains, Defying Rising Rates, as China Export Engine Supports Bulls - TheStreet

November 09, 2018 / www.thestreet.com

The Thursday Market Minute Global stocks extend gains, taking European and Asia markets to the highest levels in a month, as risk appetite returns following a largely expected result from U.S. midterm elections.China's U.S. trade surplus narrows to $31.78 billion in October, but still sits 22% higher on a year-to-date basis as export strength in the face of White House tariffs continues to surpr...Read More

How Gold Outperformed Stocks During The Last Recession

November 06, 2018 / marketsanity.com

A look at how gold performed relative to stocks during the last U.S. recessionContinue...Read More

PRECIOUS-Gold hits 1-week low as dollar recovers before Fed meeting

November 08, 2018 / www.kitco.com

(Updates prices) * Gold edges down for a fifth straight session * Fed policy statement due at 1900 GMT * Platinum near more than 4-month highsBy Swati VermaBENGALURU, Nov 8 (Reuters) - Gold slid to a one-week low onThursday as the dollar firmed in the wake of the U.S. midtermelections, with market participants now awaiting clues on thepace of interest rate hikes from the U.S. Federal Reserve.The m...Read More

TURKEY STEEL BILLET: Prices increase with rising scrap costs

November 09, 2018 / www.metalbulletin.com

Turkish billet prices have increased over the past week, amid rising imported scrap values, but demand has remained limited due to high prices, sources said on Thursday November 8.Suppliers in the CIS region were offering billet into Turkey at around $485-490 per tonne cfr, but customers in Turkey were not bidding any higher than $475 per tonne.Fastmarkets' weekly price assessment for billet impor...Read More

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