By Frik Els SQM this week sold its 50%-share in an Argentinian brine joint venture, leaving the world’s number two producer of lithium with a single project outside its core Chilean operations. The $12.8 billion Santiago based company can afford to let assets go – its pipeline is choc full already. Production startup for the […]
Lithium price: Chile giant’s scorched earth strategy Read More »
The S&P 500 made a five-wave rally from the 2802 level. …read more From:: Resource Investor
S&P 500 makes this rally… Read More »
AUD/USD is unraveling a nice and clear five-wave rise from the lows. …read more From:: Resource Investor
Elliott Wave Analysis: Aussie dollar unraveling this wave… Read More »
U.S. benchmarks are off yesterday’s swing high and the S&P 500 is contained below resistance as the week looks to wind down. Geopolitics remain in the headlines and the White House said it will ramp up sanctions on Turkey after the country hasn’t released the American pastor from house arrest. …read more From:: Resource Investor
Daily markets morning round-up: E-mini S&P, gold & crude Read More »
By Bloomberg News (Bloomberg) — South African President Cyril Ramaphosa had hopes of lifting economic growth to 3 percent in 2018. Economists think that goal is even more unattainable than before. Growth in gross domestic product will average 1.4 percent this year, according to the median prediction by 22 respondents in a Bloomberg survey, which
More pain seen as economists cut key South African forecasts Read More »
By Big Al For Immediate ReleaseAugust 17, 2018Click here to view online Press Release: Tariff Job Gains Exceed Losses by 20:1 11,100 Job Gains Vs. 514 Job Losses So Far Washington. Earlier this week, the Coalition for a Prosperous America (CPA) published details of its new ‘Tariff Job Creation Tracker’ that tallied US manufacturing jobs
Domestic Result of U.S Trade Policy (More from Big Al shortly) Read More »
The dog days of August that have set in on the moves in the commodities have been exaggerated. While crude oil holds the 200-day moving average, after a major seasonal sell-off, the concerns about a serious demand slowdown are most likely overblown. Turkey, of course, is a major oil producer and Consumer. NOT! The fears
Crude: Hot dog days Read More »
With price pressures still running at a subdued level throughout the developed world, hotter-than-expected inflation readings have been hard to come by of late. Perhaps today’s Canadian inflation data marks a turning point for that trend. …read more From:: Resource Investor
USD/CAD tanks after Canada inflation surprise Read More »
Al Brooks provides bar-by-bar analysis on a five-minute chart of the previous day’s prices action in the E-mini S&P 500. This is his analysis for Thursday, Aug. 16, 2018. …read more From:: Resource Investor
Daily Price Action: E-mini S&P 500 Read More »
By Bloomberg News (Bloomberg) — Don’t write off gold in the battle of the havens. Bullion has lost out in a paradigm shift where the metal’s no longer viewed as the traditional refuge when investors are in a risk-off mood, but that won’t last, according to Rick Rule, chief executive officer of Sprott U.S. Holdings
Gold will fight back dollar for haven status, Sprott says Read More »
