China's domestic hot-rolled coil prices continued to rise on Friday December 14, capping a week of gains that appears to have led to a drop in trading activity in the export market. DomesticEastern China (Shanghai): 3,820-3,830 yuan ($555-557) per tonne, up 30-50 yuan per tonneNorthern China (Tianjin): 3,620-3,630 yuan per tonne, up 10-20 yuan per tonnePrices rose further due to buyers constantly...Read More
The following Fastmarkets minor metals prices changed on Friday December 14:Bismuth MB free market, $/lb: $3.40-3.80 per lb from $3.60-4.00Bismuth MB China domestic, yuan/tonne: 48,000-50,000 yuan per tonne from 48,500-51,000 yuanCobalt MB free market high grade, $/lb: $28.60-30.60 per lb from $29.90-31.40Cobalt...Read More
An overview of the Chinese minor metals markets and the reasons for any price moves. Read More
Disappointing Chinese economic data has weighed on the three-month base metals prices on the London Metal Exchange this morning, Friday December 14, with all the metals in negative territory and showing average losses of 0.4%.The three-month zinc price led the way with a drop of 1%, copper was off by 0.5% at $6,121 per tonne, while the rest were off by between 0.1% and 0.3%.Volume across the compl...Read More
Manganese ore exports from South Africa during 2018 will increase to almost 17 million tonnes by the end of December, according to data that also shows monthly export volumes soared in November. Shipping trends show the total exported volume of manganese ore from South Africa in 2018 will be up by about 14% compared with the 14.7 million tonnes it exported in 2017, when...Read More
Stainless steel prices in Europe fell in the week to Friday December 14, with slow trading increasing the competition between distributors, sources told Fastmarkets."Distributors still have high stocks, and destocking did not go as fast as planned for the majority of the buyers, so competition has been rather strong," a trader said.From the end of next week until the first week...Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday December 14:Aluminium scrapFloated Frag: ?,?1,055-1,105 per tonne from ?,?1,050-1,100Cast: ?,?960-1,010 per...Read More
Ferrous scrap prices in Asia maintained their downward trend this week amid soft end-user demand in the region.Offers were ample but buyers mostly either stayed on the sidelines or sought out limited volumes to import.Market participants are also not sure what to expect from the market over the next few weeks.Some of them said sellers in the United States were not willing to offer containerized sc...Read More
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Multistreaming with https://restream.io/A wave of bomb threats was reported Thursday against businesses, schools, hospitals and other places across the United States and Canada, causing panic and evacuations, although all appeared to be hoaxes.A total of seven emailed bomb threats in Beaumont. The first threat happened at Lower Neches Valley Authority. Linkshttps://pastebin.com/rvUNnv6HDef line Ca...Read More
Most investors would agree that 2018 will go down as a year of turmoil with markets showing mixed results across various segments. After starting off on a strong footing, the market saw not one but two considerable corrections this year that has in many cases erased most, if not all of the earnings for the year.Surprisingly, one of the companies that performed considerably well this year and has...Read More
Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall Street where...Read More
Bill Holter is currently a writer for Miles Franklin and Jim Sinclair's Mineset where he posts weekly commentaries on gold and financial markets. Prior to joining Miles Franklin in 2012, Bill Holter Worked as a retail stockbroker for 23 years, including 12 years as a branch manager at A.G. Edwards. Later, he left Wall Street to avoid potential liabilities related to management of paper assets. Bil...Read More
Results will be incorporated into a forthcoming updated resource estimate. Liberty Gold's Goldstrike ProjectLiberty Gold Corp. (LGD:TSX) announced in a news release the results of drilling along the northern edge, or Dip Slope zone, of its Goldstrike deposit in Utah. After infilling gaps in the resource model, the area was tested with reverse circulation drilling. The drilling there "continues to...Read More
Results suggest further zones of mineralization on the property. Dixie Lake, Red Lake DistrictGreat Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC) announced in a news release it "expanded its recent high-grade gold discoveries and identified a new ultramafic unit in the core of the Dixie gold system" based on results from 19 reconnaissance drill holes there.The area it tested was a 220 meter (east-we...Read More
The beleaguered goldstocks are recovering from their late-summer capitulation, enjoying a solidyoung upleg as investors gradually return. Their buying has pushed the leading gold-stock ETF near a major triplebreakout technically. That event should reallyboost capital inflows into this sector, accelerating the rally. A major gold and gold-stock buying catalystis likely imminent too...Read More
Gold was lower today in dollars but saw slight gains in pounds and euros. It was supported by increasing concerns about the likelihood of a ‘hard’ Brexit, about global economic growth and uncertainty around the Fed’s interest rate policies in 2019. Gold in GBP – 1 Month (GoldCore)Gold has consolidated on last week’s 2% gains in dollar terms and is essentially flat in...Read More
Central banks’ purchases create a floor for gold prices. Myth or fact? We invite you to read our today’s article about the central banks’ demand for gold and find out whether it will save gold. Gold is an important part of central banks’ foreign exchange reserves. As of H1 2018, they hold about 34,000 tons of bullion worth $1.36 trillion, or 10.3 percent of the total reserv...Read More
There are financial gurus out there that teach the best way to retire rich is to pay off debt. Their lessons usually suggest that debt is bad or even evil. They preach that it is smart to pay off your debt and to stay out of debt. And to an extent they are right.There is good debt and bad debt. It is wise to pay off bad debt-or not get into it in the first place. Simply said, bad debt takes money...Read More
"I am not so sure something like a debt jubilee, where all countries are supposed to hold hands and sing kumbaya, I don't know that scenario necessarily unfolds. . . . The debt will not be forgiven willingly."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 consu...Read More