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!

Exclusive data reveals Suez diversions by shipping segment - Splash247

A US-listed bulk carrier was hit yesterday by the Houthis in the Gulf of Aden with the American military replying in kind, as the full scale of shipping’s Red Sea exodus becomes more clear. Yesterday also marked the first time this century that no single LNG carrier was present in the Red Sea, a...
splash247.com

Ships waiting for Panama transit slashed in half - Splash247

The queue of ships waiting at both ends of the Panama Canal stands at just half the historical average since the waterway expanded back in 2016, highlighting the dramatic shift in seaborne trades in the western hemisphere seen in recent months since authorities slashed daily transit numbers as...
splash247.com
 

Weekly iScrap Report: Navigating Copper's Downtrend & Steel's Fluctuations​

Jan 17, 2024

Check Scrap Prices: https://iScrapApp.com/ - Join us in this week's iScrap Report as we delve into the ongoing challenges and fluctuations in the scrap metal market. We'll discuss the persistent downtrend in copper prices amidst global demand shifts, the volatility in steel prices, and the current struggles in the catalytic converter market. We also explore nickel's continued lows and its impact on stainless steel prices, as well as the influence of the electric vehicle market on these trends. Stay tuned for insightful analysis and market recommendations to navigate through these uncertain times.

Read more: https://iscrapapp.com/blog/weekly-scr...

17:34
 

Take Five: And we're off​

LONDON, Jan 19 (Reuters) - Big central banks are kicking off their first meetings of 2024 with the Bank of Japan and European Central Bank gathering in coming days, while in emerging markets Turkey takes center stage.

Earnings season and a snapshot of how business activity is holding up in January as turmoil in the Red Sea wreaks havoc on supply chains are also due.

Here's a look at the week ahead in world markets from Kevin Buckland in Tokyo, Yoruk Bahceli in Amsterdam, Lewis Krauskopf in New York, Amanda Cooper in London and Ezgi Erkoyun in Istanbul.

More:

 

Morning Bid: Hot chips, China dips and UK retail swoons​

January 19, 20246:02 AM EST Updated an hour ago

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

A fresh burst of chipmaker excitement around artificial intelligence and some punchy U.S. jobs data have reinvigorated Wall St and Tokyo, even as Chinese markets resume their slide and a surprising UK retail plunge showed trouble elsewhere.

Taiwanese chipmaker TSMC (2330.TW), opens new tab, the world's biggest semiconductor maker and major Apple supplier, set an otherwise unremarkable earnings season alight on Thursday by projecting more than 20% growth in 2024 revenue on booming demand for high-end chips used in AI.

More:

 

GLOBAL MARKETS-Chipmaker rally offers balm amid rate cut rethink

Global stocks firmed on Friday, underpinned by a rally in computer chipmakers, although investors continued to reconsider their bets on when central banks will start cutting interest rates. The dollar headed for a second weekly gain in a row, helped by a resilient U.S. economy and caution about...
finance.yahoo.com
 

World Silver Shortage Era in The Making​

Premiered 9 hours ago

11:15

SUBSCRIBE to Our Channel: https://www.youtube.com/c/sdbullion?s...
The spot gold and silver markets sold off this week while the spot gold price did finish for the ninth week in a row above $2,000 oz it remains to be seen if and when we might see the spot price dip below $2,000 again.
The spot silver price fell to close at $22.79 oz ask while the spot gold silver ratio climbed to close just under 90 for the week. More on that important ratio in a few moments.
That will be all for our weekly SD Bullion Market Update.
As always, to you out there, take great care of yourselves and those you love.
 

‘We need a convoy system past Yemen. Now’ - Splash247

Andrew Craig-Bennett knows how best to resuscitate Suez traffic. A lady I know has reminded me that the best way to write a column is to stalk your reader and pounce. It’s hard, and most stalking hunts, be the a cat or a tiger, end in failure, but we can try. The military historian Basil …
splash247.com

Ship abandonment cases leapt 11% last year - Splash247

The International Transport Workers Federation (ITF) has released its figures for the numbers of vessels abandoned in 2023 which show a worrying 11% increase from the previous year. Seafarers are deemed to have been abandoned if the shipowner fails to cover the cost of a seafarer’s repatriation...
splash247.com
 

Morning Bid: An AI-generated bull​

January 22, 20246:43 AM ES Updated 20 min ago

A look at the day ahead in U.S. and global markets by Amanda Cooper

It's taken two years and a lot of hand-wringing in the meantime, but on Friday, the S&P 500 secured its first record-high close in two years - effectively marking the shift from a bear to a bull market.

The benchmark's close confirmed that the S&P 500 has been in a bull market since closing at its intraday low on Oct. 12, 2022, according to one measure.

More:

 

Japanese Yen Teetering on the Edge. BOJ Keeps Policy Rate Negative​

Jan 23, 2024

18:40
 
A far-reaching plan to channel Europe–Asia trade through the Middle East is at risk of stalling before it even gets started.

The Israel-Hamas war has halted progress on what’s known as the India-Middle East-Europe Economic Corridor — a project touted last year by Washington and key allies that envisages building new rail links across the Arabian peninsula. As Houthi attacks disrupt Red Sea shipping and turmoil spreads across the region, IMEC is effectively on ice.

'World’s Most Ambitious' Trade Route Stalls in Middle East Turmoil

(Bloomberg) — A far-reaching plan to channel Europe–Asia trade through the Middle East is at risk of stalling before it even gets started. The Israel-Hamas war has halted progress on...
gcaptain.com
 

Extraordinary Delusions of Davos Man. Banker Says Drinking Coffee Will Destroy the Planet.​

Today we will reference a Charles Mackay classic book entitled Extraordinary Popular Delusions to show how our supposed "masters of the universe" who attend Davos every year for the World Economic Forum's (WEF) summit would fit right into Mackay's description of madness and delusion.

19:02
 

Houthi Attack 2 US Containerships - Maersk Detroit and Maersk Chesapeake | Crews Denied Danger Pay​

Jan 24, 2024
In this episode, Sal Mercogliano - maritime historian at Campbell University (@campbelledu) and former merchant mariner - discussed the attack on two US containerships (MV Maersk Detroit and Maersk Chesapeake) in the Gulf of Aden by the Houthi and the situation that US flag ships find themselves in and issues of defense and the status of their crews.

21:28

- Touring A Modern Day Cargo Ship | Life At Sea https://youtu.be/D0LgXOzcyTo?si=tRpND...
- Two US-Flag Maersk Ships Safe After Houthi Missile Attack https://gcaptain.com/two-us-flag-maer...
- Danish Unions Secure Hazard Pay for Mariners Navigating the Red Sea https://gcaptain.com/red-sea-attacks-...
- US and UK Seafarers to Earn Double Pay for Red Sea Transits https://gcaptain.com/us-and-uk-seafar...
- Over 3,000 US Navy Sailors and Marines Arrive in Middle East Amid Iranian Threat to Shipping https://gcaptain.com/over-3000-us-nav...
 

Shortages Coming: Watch These Commodities, What It Means for Prices — Willem Middelkoop​

Jan 24, 2024

In this insightful interview at the Vancouver Resource Investment Conference, join Willem Middelkoop, a respected author and founder of the Commodity Discovery Fund, as he imparts his expertise on the commodities market and its future trajectory with Anchor Jeremy Szafron. With a special focus on 2024 and beyond, Willem provides an in-depth analysis of gold and silver markets, the potential for a commodities super cycle, and the role of geopolitical shifts in shaping global economics.

17:54

00:00 - Introduction and Background of Willem Middelkoop
00:44 - Predicting the 2024 Commodities Super Cycle
02:08 - Gold and Silver Markets: Analysis and Predictions
04:28 - Dollar Influence on Gold Prices and Market Trends
06:15 - BRICS Nations' Role in Global Economy Shifts
08:13 - Uranium Market Analysis and Price Predictions
10:04 - Bitcoin's Role in the Digital Asset Market
13:22 - Identifying Investment Opportunities in Current Markets
15:40 - Forecasting a Long-Term Bull Market in Commodities
17:07 - Geopolitical Factors Affecting the Commodity Markets
 

Weekly iScrap Report: Copper's Rise & Steady Steel in Market Mix​

Check Scrap Prices: https://iScrapApp.com/ - This week's iScrap Report brings a fascinating mix of trends in the scrap metal market. We delve into the significant rise in copper prices spurred by China's economic stimulus and discuss the steady yet challenging conditions in steel and aluminum markets. Additionally, we explore the stabilizing yet cautious trends in catalytic converter prices and the ongoing struggles in the nickel market. Join us as we navigate these complex dynamics and offer insights for adapting to the fluctuating metal market.

Read more: https://iscrapapp.com/blog/weekly-scr...

17:15j
 

Red Sea Shipping Disruptions Keep Geopolitical Premium for Commodities​

Wed 24 Jan, 2024 - 5:43 AM ET



Fitch Ratings-London-24 January 2024: Shipping disruptions and re-routing away from the Red Sea will maintain the geopolitical premium in the main commodity markets, including for oil and gas, chemicals, and fertilisers, unless there are wider shipping – or production – disruptions in the region, Fitch Ratings says.

Heightened geopolitical risk, including the recent shipping disruptions, will maintain the oil price premium. However, without material disruptions to actual oil production, or a wider escalation of attacks to more vital oil transport routes in the region, we do not expect a strong upside to our USD80/bbl Brent price assumption for 2024, as there is material OPEC+ spare capacity.

More:

 

Morning Bid: Tesla pothole as ECB and GDP awaited​

January 25, 20246:05 AM EST Updated 17 min ago

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

Tesla (TSLA.O), opens new tab, the first of the so-called 'Magnificent Seven' U.S. megacap stocks to report fourth-quarter earnings, hit a another pothole overnight even as investors parsed signs of an otherwise brightening economic picture into the new year.

A packed diary of events on Thursday, including the first U.S. GDP readout for Q4 and the European Central Bank's latest policy decision, kept world markets buoyed. And China's beaten-down stocks rallied after Wednesday's monetary easing there.

More:

 

ADM shareholder sues company, execs for fraud​

Jan 25 (Reuters) - A shareholder of Archer-Daniels-Midland has sued the commodities trader in U.S. federal court, days after the company's stock plunged 24% on news that a securities regulator was investigating accounting practices in its nutrition segment.

Raymond Chow, an individual investor, said in the proposed class action lawsuit filed in Chicago on Wednesday that ADM lied about the profitability of its nutrition segment, which supplies food and beverage manufacturers.

More:

 

Gold Price RECAP January 22 - 26

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
 

GoldSeek Radio Nugget -- Bob Moriarty​

Jan 26, 2024

*Nothing to see, can listen in one tab, play around the forum in a different tab. 52 minutes long.


Bob Moriarty, founder of 321gold.com, gifts viewers with a remarkable, MUST-HEAR show!

- "Snowball Derivatives" caused a avalanche in China's CSI 1000, key stock index - might contagion cross the Pacific?
- Gold Junior Miners analysis.
- Will the Middle East conflict trigger financial challenges?
- Sun Tzu's corollaries between warfare and investing.
- Fascinating war stories from a pilot who survived over 800 flying missions!!!
- Geopolitical opinions.
- Bob describes in intriguing detail, his Near-Death experience (NDE) in 1967.
- Dr. Raymond Moody coined the term.
- Bob details alternative healing for stomach issues, involving antibiotics.
- Bob thinks "total-chaos" could unfold more quickly than many pundits believe.
- It's advisable to be a prepper, filling the pantry with non-perishables as well as gold and silver.

Bob's Website: http://www.321gold.com/
Please bookmark our new Substack with Gold Juniors and Bitcoin Investments:
https://goldseekradio.substack.com/
 

Nasdaq, S&P, Dow end mixed, but Wall Street posts third straight weekly gain ahead of Fed​

U.S. stocks on Friday ended mixed, but Wall Street notched its third straight weekly gain on the back of a continued advance in technology stocks and favorable data on economic growth and inflation.

The earnings season grabbed a chunk of the spotlight, and will heat up next week with one of its busiest stretches. The Federal Reserve's first monetary policy committee meeting of the eye will also garner significant attention.

More:

 
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…