An overview of the minor metals markets and the reasons for any price moves.Read More
The following Fastmarkets minor metals prices changed on Friday November 23:Cobalt MB free market high grade, $/lb: $32.90-33.50 per lb from $33.25-34.00Cobalt MB free market low grade, $/lb: $33.00-33.50 per lb from $33.25-33.95Cobalt MB China domestic, yuan/tonne: 400,000-420,000 yuan per...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The three-month lead price on the London Metal Exchange was slightly firmer this morning, Friday November 23, while the rest of the complex was down by an average of 0.6%. Zinc led the decline with a 1.2% fall, while copper was off by 0.8% at $6,217 per tonne.Volume has been high with 11,796 lots traded as at 7.24am London time - the bulk of which has been in nickel, where 6,902 lots have traded....Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday November 23:Aluminium scrapFloated Frag: ?,?1,020-1,070 per tonne from ?,?1,000-1,050Cast: ?,?940-990 per tonne from ?,?920-970Mixed...Read More
Asia ferrous scrap prices are still falling, tracking weak downstream prices in the rebar and billet markets.The price of Taiwan's containerized import scrap has slipped below $300 per tonne cfr, while trading for heavy melting scrap (HMS) 1&2 (80:20) scrap in Vietnam was extremely illiquid due to cheaper material from Hong Kong and Japan being offered to Vietnamese steel mills.VietnamFastmarkets...Read More
Precious metals investors don't have much to console them these days. Just about the only bright spot is the nice, though ephemeral, pop in the gold/silver price that seems to happen every January. Sometimes it persists forsix or so months, sometimes it ends before the snows do. But either way it's more fun than the rest of the year. This pattern repeats because Asians like to give gold and silve...Read More
Precious metals investors don't have much to console them these days. Just about the only bright spot is the nice, though ephemeral, pop in the gold/silver price that seems to happen every January. Sometimes it persists forsix or so months, sometimes it ends before the snows do. But either way it's more fun than the rest of the year. This pattern repeats because Asians like to give gold and silve...Read More
This Canadian company is exploring a multizone gold system in the Red Lake District. Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC) announced in a news release that by speeding up the payment schedule, it completed the earn-in for 100%, royalty-free interest in Dixie, a 9,140-hectare project in Ontario's Red Lake District.The company is in the midst of a new, approximately 150-hole, 30,000-met...Read More
Max interviews Dan Collins of TheChinaMoneyReport.com about 'grey rhinos' in the economy, the disastrous APEC meeting in Papua New Guinea and the 50 million empty homes in China.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...Read More
"I don't know why the government is shifting massive amounts of money out of the U.S. government and out of the U.S. economy and taking it dark."Catherine Austin Fitts is a former Wall Street investment banker, macroeconomic expert and publisher of The Solari Report https://solari.com/.Read More
Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries. Read More
A proposed law could require you to submit your social media accounts and search history as an extra background check before buying a gun.Continue...Read More
Precious metals investors don't have much to console them these days. Just about the only bright spot is the nice, though ephemeral, pop in the gold/silverContinue...Read More
Thousands of French citizens poured onto the streets of Paris Saturday to protest against President Emmanuel Macron's controversial fuel tax increase Continue...Read More
The Hague-based Permanent Court of Arbitration has awarded South American Silver US$18.7 million for amounts invested and another US$9 million in interest for its Malku Khota concession, which the Bolivian government revoked in 2012.The company, now owned by TriMetals Mining (TSX: TMI; US-OTC: TMIAF), had sought compensation for damages in the amount of US$385.7 million, which included US$ 307.2 m...Read More
In 1995, a man named McArthur Wheeler robbed two Pittsburgh banks in broad daylight.He was caught within hours.It turns out Mr. Wheeler was no criminal mastermind. Instead of wearing a ski mask or any other kind of face cover, McArthur Wheeler's only disguise was lemon juice.You read that correctly: The man put lemon juice on his face as a mask!Upon his arrest, Wheeler was confused as to why his p...Read More
Markets everywhere are gagging on something: they’re sagging, crashing, imploding, blowing up, dropping and generally exhibiting signs of distress.Does the market need a Heimlich Maneuver? Is there some way to expel whatever’s choking the market?So what’s choking the market? There are a number of possibilities. Somewhere near the top of most observers’ lists are:Rising inte...Read More
"The most important trade of the past decade is now reversing," shrieks Charlie McElligott, head of Nomura's cross-asset strategy.As we revealed earlier this week, the "FAANG" stocks - Facebook, Amazon, Apple, Netflix, Alphabet (Google's parent company) - have hemorrhaged a combined $952 billion since their recent peaks.$952 billion of artificial wealth, that is, swept away to the Land of Wind and...Read More
Publisher's Note: We're fortunate enough to have access to the legendary Mr. James Dines and his renowned research. Mr. Dines is "The Original Gold Bug" and has been on the forefront of covering investing in China, giving him an unprecedented depth of perspective on the escalating trade war. Here is an excerpt from The Dines Letter.To your wealth,Nick HodgePublisher, Outsider ClubIn War: Reso...Read More