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    Insiders Plan To “Disrupt” How The World Buys & Sells Mineral Concentrates

    A group of former metals traders at world-leading intermediary Glencore (GLEN.L) announced plans this week to introduce an “eBay style” online platform, called Open Mineral, to connect buyers and sellers of mineral concentrates in the mining business. They hope to modernize how concentrates are marketed worldwide and disrupt global sales in the process. Such an online platform will allow miners of zinc, lead, copper, gold and silver to post their product which, in turn, can be browsed for direct purchase by buyers in the smelting industry around the world. That will be a big change from how concentrates are sold today wit...
    On July 7, 2017 / By
  • Finance 0

    US Oil Rig Count Rises But “Must Drop 150 For Oil Markets To Balance”

    After falling for the first time this year last week, Baker Hughes reports the US oil rig count rose once again (as perhaps Cindy impacted drilling last week) for the 23rd week in the last 24. *U.S. TOTAL RIG COUNT UP 12 TO 952 , BAKER HUGHES SAYS :BHI US *U.S. OIL RIG COUNT UP 7 TO 763 , BAKER HUGHES SAYS :BHI US *U.S. GAS RIG COUNT UP 5 TO 189 , BAKER HUGHES SAYS :BHI US This week saw a resurgence in US crude production (as Cindy’s effects wear off)…This is the highest Lower 48 production since Aug 2015. And it is that production spike that poured coled water on the short-lived rally after DOE showed inventories dropping. Ho...
    On July 7, 2017 / By
  • Finance 0

    Here’s Why Shares Of Palo Alto Networks (PANW) Climbed Today

    Shares of cybersecurity firm Palo Alto Networks (PANW – Free Report) climbed 4% in morning trading Friday after Citigroup (C – Free Report) upgraded the company’s stock from “Neutral” to “Buy.” The target price was also raised from $147 to $160, representing an upside of over 20%. Citi analyst Walter Pritchard said that Palo Alto Networks’ management team created positive turnaround efforts and has gotten ahead of negative revisions. “We expect next wave of network security growth to come from platform consolidation where PANW is well-positioned,” Pritchard wrote in an analyst report. Pritchard also believes th...
    On July 7, 2017 / By
  • Finance 0

    Has Peak Silver Arrived?

    While a lot of precious metals investors are solely focusing on gold, we would almost forget about silver, also called ‘the poor man’s gold’ although things are changing fast on this market as well. 2016 was the first year in more than a decade in which primary silver production (coming from mines either as a main product or a by-product credit) decreased. After seeing a total silver production of approximately 668 million ounces in 2007 increasing to 891 million ounces in 2015, we saw a (first) decrease to 886 million ounces in 2016. Source: The Silver Institute As you can see on the previous image, the total recovery from scrap a...
    On July 7, 2017 / By
  • Finance 0

    AskSlim Market Week – Friday, July 7

    Silver crashes the stock market and investors keep that rotation going.  Video Length: 00:54:07  ...
    On July 7, 2017 / By
  • Finance 0

    There Is No Such Thing As A Bad Tick

    It’s one of those periods when everything is conspiring against precious metals. For those of the bullish persuasion, this can be a difficult time. I have resorted to wearing my own self-imposed “cone of precious metal trading” in an attempt to stop me from buying too much, too early. Let’s review why this environment is so problematic for gold and silver. The main reason is that the global backup in interest rates is about the worst thing you could ask for. Think about it for a second. Central Banks are signaling they want tighter monetary policy because they are worried about future inflation running too hot. They are in essence b...
    On July 7, 2017 / By
  • Finance 0

    Resolute Energy Corporation Announces Completion Of Exchange Offer For Its 8.50% Senior Notes Due 2020

    DENVER, July 07, 2017 (GLOBE NEWSWIRE) — Resolute Energy Corporation (the “Company” or “Resolute”) (NYSE:REN) announced today the completion of its offer to exchange (the “Exchange Offer”) up to $125,000,000 aggregate principal amount of its 8.50% Senior Notes due 2020, which have been registered under the Securities Act of 1933, as amended (the “Exchange Notes”), for up to $125,000,000 of its outstanding unregistered 8.50% Senior Notes due 2020, which were issued on May 12, 2017 (the “Old Notes”).  The exchange offer expired at 5:00 p.m. New York City time on July 3, 2017. As of the expiration date, $125,000,000 in...
    On July 7, 2017 / By
  • Finance 0

    Gold Awaits Fundamental Shift

    Last week we wrote that Gold’s poor performance in real terms could reflect its worsening fundamentals. Real interest rates are rising because the rate of inflation has peaked and bond yields are rebounding. It is a double whammy for precious metals. This is not permanent but something that could last a few quarters. Gold needs inflation to accelerate or bond yields to drop significantly. One historical analog argues that with respect to the Federal Reserve, a change in policy could be part of the fundamental shift needed to drive Gold into a bull market. The best analog for current Fed policy and market performance could be the 1999 to 200...
    On July 7, 2017 / By
  • Finance 0

    “Never Been Easier” – 2017 Stock Market ‘Drawdowns’ Lowest On Record (For Now)

    For dip-buyers in the S&P 500, 2017 has actually been a tough year… because there hasn’t been any. As JPMorgan notes, 2017’s 3% intra-year decline is the smallest since 1980 (tieing with 1995 which saw a 34% return) This 3% drawdown (for now), continues a 6 year streak of drawdowns that are dramatically below the longer-term average of 14.1% drops intra-year. But what happens now that Central Bank balance sheets are set to stop their expansion?...
    On July 7, 2017 / By
  • Finance 0

    Market Digest – Volvo’s EV Announcement Means Competition Is Heating Up

    It was a short week for U.S. markets given the July 4th holiday, which was marked by a number of geopolitical events, including North Korea’s missile launch and President Trump’s private meeting with Vladimir Putin. Domestic and foreign stocks were modestly down through Thursday, but a stronger-than-expected U.S. jobs report on Friday sent equities higher. Virtually all major asset classes ended the week lower, including bonds, real estate, gold, and commodities. Weekly Returns: S&P 500: 2,425 (+0.1%) FTSE All-World ex-US: (-0.5%) US 10 Year Treasury Yield: 2.38% (+0.08%) Gold: $1,213 (-2.3%) EUR/USD: $1.140 (-0.3%) Major Events: Mond...
    On July 7, 2017 / By