COT SPECIAL PUBLICATION SCHEDULE Reminder — Due to the U.S. Government Shutdown (February 1 CFTC Announcement) The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The… Read More
MR. BUTLER’S SILVER NEWSLETTERBy James Cook Silver analyst Theodore Butler writes a twice weekly newsletter on precious metals. Only a few people get to read this important newsletter. I’ve been talking to Ted about releasing one full issue for people to read. It’s important for investors to see the scope of his analysis. Mr. Butler… Read More
The Castle mine was one of the highest grade silver-cobalt producers in the historic Cobalt camp in Northern Ontario. (Image: Canada Cobalt Works) Canada Cobalt Works (CVE: CCW) says it has intersected multiple high grade cobalt and silver intercepts during phase one drilling on the first level of the Castle mine. The mine is located… Read More
Palladium surged above $1,500 an ounce to a record, extending a powerful rally that’s been driven by an acute shortage of supply as car manufacturers scramble to get hold of the material to meet stringent emissions controls. The advance will benefit top suppliers in Russia and South Africa. Spot palladium surged as much as 1.7… Read More
On Tuesday zinc inventories in London Metal Exchange (LME) warehouses sunk into territory that one metal analyst believes could signal a major price kick for the base metal, used mostly for galvanizing steel to prevent corrosion. The one-year chart below shows LME inventories falling steadily, touching the 108,425-tonne mark as of Feb. 11 – a… Read More
In an interview on CNBC on Oct. 11, economist Carl Weinberg told the business network that China is going to compel Saudi Arabia to sell them their oil in the Yuan currency, which will have a serious consequence to the dollar and the Petrodollar system.
Beijing is likely to “compel” Saudi Arabia to sell crude oil in yuan, and others will follow, according to the chief economist and managing director at High Frequency Economics Carl Weinberg. This will hit the US dollar, he says. In an interview with CNBC Weinberg said China has become a key player in the oil market since overtaking the US to become the world's largest importer. Saudi Arabia has “to pay attention to this because even as much as one or two years from now, Chinese demand will dwarf US demand,”Weinberg told the media.
“I believe that yuan pricing of oil is coming and as soon as the Saudis move to accept it — as the Chinese will compel them to do — then the rest of the oil market will move along with them,” he added. A..
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