Commodity Trade Mantra

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This Coal Mine Valued At $630 Million In 2011 Just Sold For One Dollar

The total value of the Isaac Plains coal mine in 2011 was just about $630 million. In September 2014, Sumitomo and Vale shuttered the mine citing the downturn in the international coal market. Isaac Plains was then added to the long list of coal mines up for sale – for a princely sum of $1. Why the complete collapse in price of the coal mine? Simple: blame China.

Gold Market Is Reaching The Extremes

As per the average gold market estimate in a Bloomberg News survey, the price of gold will drop to $984 per ounce before Jan. That would be the lowest since 2009 & a 10% retreat from Tuesday’s close. ANZ sees gold averaging $1,020 in Dec, Citigroup cut its three-month gold target to $1,000. but Morgan Stanley says gold prices could sink to $800 in its worst-case scenario.

Large Withdrawal From JPMorgan’s Gold Inventories In A Day

JP Morgan lost nearly 15% of its total gold inventories in one day. If you look at the COMEX Gold Inventory table closely, you will notice that the total Registered Gold inventories are a lousy 351,519 oz. This is less than peanuts. Two withdrawals like JP Morgan experienced on Thursday, would totally wipe out the Bankers Registered gold inventories.

The Doomed Currency - Euro Is Not Dead

Based on the turmoil created by the European Debt Crisis, the continuing problems in Greece & other overly indebted southern tier European economies, many investors may have come to assume that Euro boosters will be forced to ultimately throw in the towel & call off the entire experiment, thereby leaving the Dollar completely unchallenged as the champion currency.

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Gold Miners And Regulators Deathly Silent after Gold Price Attack

I find it laughable that something like the recent attack on the gold price could happen & the World Gold Council had nothing to say about it! There don’t seem to be major investigations into these gold price raids. The mining industry is worthless, not so much because of the attack, but because its own shareholders and executives are content to die quietly.

Commodities are at the Cheapest since around 2002

Jeremy Grantham says the current commodities bear market is a consequence of the record-breaking bull market that came before it & was further exaggerated by a sustained slowdown in demand from China. But it seems that the worst is over & that commodities are likely close to a bottom. Investment attitudes are extremely negative, which is, as always, a requirement for change.

The War On Cash: Why Now? What Does It Mean?

A war on cash means, governments are limiting the use of cash & a variety of official-mouthpiece economists are calling for the outright abolition of cash. Authorities are restricting the amount of cash that can be withdrawn from banks & limiting what can be purchased with cash. Who ultimately benefits by this war on cash? Government & central banks – pure and simple.

Perth Mint and US Mint Cannot Keep Up With Gold Bullion Demand Surge

Depressed prices have led to a surge in physical demand for silver and gold bullion globally, resulting in delays in receiving the bullion and indeed to rising premiums. Asian gold bullion demand picked up this week keeping premiums robust and slightly higher in the world’s top gold buying regions. There is also a huge demand for coins from individual buyers in the U.S. & Europe.

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