By Nicholas – Published on February 16, 2018
Whatever troubles hit the bond and equity markets over the last two weeks spurred selling in most markets with any amount of liquidity, but it looks like the industrial metals are bouncing back with a vengeance. Copper, zinc, nickel and iron ore are all showing strong price action, with zinc...
By Nicholas – Published on February 7, 2018
The reasons for the steep drop in US bonds late last week are still something of a mystery, but their results in the world markets seem to be obvious at this point. Reuters reports that many algo-run funds funds had been involved in a 'long equities, short volatility' trade, and that...
By Nicholas – Published on February 5, 2018
The last week as seen a number of concerned comments from the highest levels of the mining world, and some serious selling pressure on the Canadian listed shares of Robert Friedland's Ivanhoe Mines. The Parliament of the Democratic Republic of the Congo (DRC) recently passed a broad series...
By Nicholas – Published on January 31, 2018
The last week has seen commentary emerge from the World Economic Forum (WEF) in Davos, Switzerland, as well as the much anticipated 'State of the Union' address from US President Donald Trump. For President Trump, these are two firsts. His first time at the WEF, and his first 'State...
By Nicholas – Published on January 30, 2018
The US Dollar has been under pressure when measured against other major currencies, but over the last few days, its fall seems to have stabilized around 89 on the US Dollar Index. There hasn't been much news to drive this action in the world's largest reserve currency, but some...
By Nicholas – Published on January 20, 2018
It is going to be a big day tomorrow, with this year's Vancouver Resources Investment Conference all set to open its doors to the public. In addition to more than 250 mining companies that extract a range of valuable elements and fuel sources, there will be some of the most successful...
By Nicholas – Published on January 18, 2018
Like most of the base metals, zinc had a great second half of 2017. So far 2018 is looking good as well, with the cash contract for zinc holding steady above $3400 USD/tonne on the LME. There have been some observations made in recent weeks about the speculative nature of the buying in the base...
By Nicholas – Published on January 15, 2018
With gold now comfortably trading above the $1300 USD/oz mark, the multiple calls for a washout below $1000 USD/oz are beginning to seem more like fever dreams. While cryptos certainly stole the limelight over the last year, gold has been quietly consolidating a very solid looking uptrend. The...
By Nicholas – Published on January 11, 2018
A lot has happened in the last decade, and some extreme monetary policies have come into play that would have been unthinkable prior to the sub-prime crisis in 2008. In the wake of a near total collapse of the Western financial system, central banks in the US, EU, Japan and UK engaged in...
By Jeff – Published on January 10, 2018
Records for renewable energy consumption were smashed around the world in 2017. View the high-resolution version of today’s graphic by clicking here. Looking at national and state grids, progress has been extremely impressive. In Costa Rica, for example, renewable energy supplied five...
By Nicholas – Published on January 8, 2018
Late in 2016, Goldman Sachs came out with a report that stated that while copper prices were likely going to rise in 2017, they might hit a 'wall of supply'. This idea can be defined simply as: rising prices create headwinds for supply, as governments and labor want more money for the...
By Nicholas – Published on January 7, 2018
Iron ore prices seem to be joining the entire commodity complex in a big open to 2018. Benchmark prices for iron ore in China have hit levels that haven't been seen since last September, and across the Indian steel industry concerns are being voiced over the rising cost of the key feed...
By Nicholas – Published on January 3, 2018
The last two years have seen some major changes take place in the energy sector. Massive offshore wind power projects in Europe are becoming one of the cheapest forms on electrical generation, with major names like Vattenfall and Royal Dutch Shell entering the development space. While the two...
By Nicholas – Published on December 31, 2017
Over the last week copper prices have stormed back over $3USD/lb, and normally light holiday trade has been met with some heavy news flow out of China. China is by far the largest market for copper, and a string of data has supported a very positive narrative for copper prices going forward. The...
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