Commodities, Business & Shipping

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more. You can visit the forum page to see the list of forum nodes (categories/rooms) for topics.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

How UAW contracts changed with new Ford, GM and Stellantis deals

Labor experts said the UAW's hardball tactics, including a historic six-week strike, paid off. Here's what autoworkers are getting.
www.cbsnews.com

UAW Reaches a Tentative Agreement with General Motors, Bringing Ultium Cells Workers Into Master Agreement | UAW

On the morning of Monday, October 30th, the UAW reached a historic tentative agreement with General Motors that paves the way for a just transition and wins record economic gains for autoworkers. Like the agreements with Ford and Stellantis, the GM agreement has turned record profits into a...
uaw.org
 

Yen slides after minor BOJ policy tweak, stocks advance

The yen slid across the board and hit a 15-year low against the euro on Tuesday after the Bank of Japan's step to end years of monetary stimulus left investors cold, while global stock indexes were higher a day before the Federal Reserve is expected to again say interest rates will stay high for...
www.reuters.com
 

Risk looms over corn futures​

Oct 31, 2023

12:11
 

Are Investor Money Flows Into Treasuries Predicting A Hard Landing Recession?​

Oct 31, 2023

10:58

While both the bond and stock market have been falling, investor money is moving out of money market accounts and into stocks and longer term Treasury Bonds. Is this move into longer term Treasury Bonds a prediction that investors are expecting a hard landing recession that will force the Federal Reserve to drastically lower interest rates?
I look at the report from the CIO of Bank Of America, Michael Hartnett as he provides data about the money flows out of Money Market Funds and how they are flowing into longer term Treasury Bonds. The money flows indicate that investors are expecting a hard landing recession even though we just had very strong GDP growth.
 

Silver Price Drops BIG Today! Because Of THIS!​

Oct 31, 2023

11:43
 
New YorkCNN —
Retailers say theft is exploding, and some data from retailers along with numerous videos of violent store robberies and looting seem to support the claim.

But some retail analysts and researchers, bolstered by local crime statistics, say stores may be over-stating the extent and impact of theft. Why? It’s a useful deflection, camouflaging weak demand, mismanagement and other issues denting business right now. And it forces lawmakers to respond.

Across the country, the “actual increase in rates of theft” at stores does not “correspond to the increase in company commentary and actions” on theft, according to a new report by retail analysts at William Blair. “Retailers are increasingly vocal on the subject, in part to draw out government action,” the analysts wrote.

 
HOUSTON, Nov 1 (Reuters) – U.S. liquefied natural gas (LNG) producers ramped up exports in October, to 7.92 million metric tons, according to data provider LSEG, the second-highest monthly level on record.

U.S. October LNG Exports Climb to Second Highest on Record

Producers of U.S. liquefied natural gas (LNG) ramped up exports in October to the second-highest monthly level on record.
gcaptain.com
 

VLGC rates surge on Panama Canal cuts - Splash247

News this week of further daily transit cuts at the Panama Canal has sent a rocket through the already hot VLGC markets. With containerships expected to take the lion’s share of the available slots on the interoceanic waterway for the next four months at least, other ship types are having to...
splash247.com
 

The Scrap Metal Saga Continues: Adapting to Copper's Calm and Rhodium's Rumble​

Oct 2, 2023

18:35


Check Scrap Prices: https://iScrapApp.com/ - Join us as we dissect this week's ebbs and flows in scrap metal prices, with a special focus on Copper's electrification challenges and the unexpected twists in Rhodium's pricing. Discover the strategic moves for dealing with steel's unwavering prices and how the auto worker strike's end could revitalize metal demand.
Read more: https://iscrapapp.com/blog/weekly-scr...
 
Lotta people being let go.

‘Challenging times ahead’: Maersk lets go of thousands of staff - Splash247

A year is a long time in liner shipping. At the end of 2022, carriers were handing out mega bonuses, some equivalent to more than a year’s pay. Fast forward to today and those same staff face the axe as the sector battles plummeting rates and rampant overcapacity. Maersk today issued its Q3...
splash247.com
 

Gold Price RECAP October 30 - November 3

Happy Friday, traders. Welcome to our weekly market wrap, where we take a look back at these last five trading days with a focus on the market news, economic data, and headlines that had the most impact on gold prices and other key correlated assets—and may continue to into the future.
goldprice.org
 

Commodities - Live Quote Price Trading Data

Trading Economics provides data for several commodities including live bid/ask quotes, last trading prices, forecasts, charts with historical time series and news. This table was last updated on Monday, November 11, 2024.
tradingeconomics.com
 

Ample hogs supply keeps pressure on cash hog prices | Weekly Livestock Market Update for 11/3/23​

17:29
 
Halfway through this. Nothing to see, can listen in one tab, play around the forum in a different tab.

How to Invest in Farmland​

Nov 2, 2023
28:59
Adam revisits his conversation with Craig Wichner, Managing Director of Farmland LP to help our viewers better understand how to invest directly in farmland. Investing in sustainable agriculture is great for the planet, our food systems, and more importantly provide superior investment returns.
 
Nothing to see, can listen in one tab, play around the forum in a different tab. It's 44 mins 5 secs long. I listened in 2 segments.

Tom Luongo - The Gutting of America​

Oct 27, 2023

 

[Part 1] Auto Wrecker Yard Revealed: What Is an Auto Wrecker and How Does It Work?​

5:59

In this first installment of our in-depth series on scrapping vehicles, Tom, the creator of the iScrap App, takes you on an exclusive tour of a real auto wrecker yard.

*Note: No yard around here will let anyone in.
 
A look at the day ahead in U.S. and global markets from Mike Dolan

After its best week of 2023 on optimism about peaking interest rates, Wall Street's S&P500 (.SPX) looks set to record its longest winning streak since June as a key Federal Reserve loan report may well sustain the rates buzz.

A below-forecast national payroll gain last month, a tick higher in the unemployment rate and moderating wage growth all catapulted stocks and bonds higher on Friday after a week brimming with hope the rate hiking campaign of the major central banks is over at last and a relatively soft landing beckons.

Morning Bid: Rates buzz sustained before Fed loan data

A look at the day ahead in U.S. and global markets from Mike Dolan
www.reuters.com
 

El Niño wreaks havoc on global shipping patterns - Splash247

Across every continent shipping is having to contend with the fallout from this year’s El Niño, a weather phenomenon that has helped cut drafts along major waterways, slashed agricultural production in key export markets, and could herald a stormy Pacific for vessels to contend with in the...
splash247.com
 
GENEVA, Nov 7 (Reuters) - The largest internally flawless fancy vivid blue diamond ever put up for auction sold for a staggering $43.8 million at a Christie's sale of rare jewels in Geneva on Tuesday, the auctioneer said.

The vivid blue diamond, known as "Bleu Royal" and set in a ring, is among the rarest ever to be unearthed. At 17.6 carats, the diamond had an estimated value of up to $50 million prior to the sale.

Vivid blue diamond sells for nearly $44 mln at Christie's auction

The largest internally flawless fancy vivid blue diamond ever put up for auction sold for a staggering $43.8 million at a Christie's sale of rare jewels in Geneva on Tuesday, the auctioneer said.
www.reuters.com

 

Weekly Commodity Market Update: Federal Reserve refrains from interest rate hike​

Nov 7, 2023

11:15
 

U.S. Wheat Exports Plunge as Mississippi River Dries Up

(Bloomberg) — American wheat shipments dropped to the lowest ever, hampered by a shrinking Mississippi River and competition from ample global grain supplies. Drought has dried up the Mississippi, where...
gcaptain.com

U.S. Container Imports Continue to Rise, Outpacing Pre-Pandemic Levels

U.S. container import volume saw a significant increase in October 2023 compared to September and has even surpassed the levels seen in October 2019 before the pandemic, according to the latest report by Descartes Systems Group.
gcaptain.com
 

Net is a weasel word - Splash247

Andrew Craig-Bennett questions who let the marketing people loose on a question of science and engineering. He has serious issues with the words net and zero. Merchant shipping is a wonderful business to be in. We all know that. It has traditions, it has customs, it has rules, and these are...
splash247.com
 
LONDON, Nov 8 (Reuters) - World stock markets stuttered on Wednesday, while the dollar continued its rebound, as traders waited to see if U.S. Federal Reserve chief Jerome Powell will push back against rate-cut talk when he speaks later in the day.

Oil prices fell to three-month lows on concerns over waning demand from top oil consumers the United States and China.

Stocks stutter, dollar firmer as spotlight turns to Fed chief

World stock markets stuttered on Wednesday, while the dollar continued its rebound, as traders waited to see if U.S. Federal Reserve chief Jerome Powell will push back against rate-cut talk when he speaks later in the day.
www.reuters.com
 
You must log in or register to reply here.
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more…