Category Archives: Commodities

World’s Miners Running Out of Gold Deposits?

November 5th, 2017 by

Because of its many unique roles and properties, no one factor determines the price of gold. The calculus is more complex than that. However, if there’s one thing that’s an inescapable part of the gold price equation, it’s the dynamic between supply and demand.

Scientists Find Evidence of Gold’s Origins

October 17th, 2017 by

Human beings were extracting gold from the ground and rivers for thousands of years before the birth of the Periodic Table of chemical elements in the late 19th century. About as soon as scientists began to discover and synthesize new elements, however, the profound differences between groups of related elements started to take shape. Perhaps […]

gold manipulation

Former UBS Trader Charged With Manipulating Precious Metals Prices

September 16th, 2017 by

Though it is not the first of its kind, the current FBI case against traders who tried to manipulate the precious metals markets is noteworthy for its focus on the guilty individuals rather than the institutions as a whole. (To date, most of these major banks have been fined billions of dollars already for their […]

Gold Bullion: Safe Haven of Choice

August 22nd, 2017 by

During the Cold War, when the world was lurching ever-closer to the doorstep of a nuclear holocaust, disaster preparedness was an abiding virtue of every American family. Once the stand-off with the Soviet Union gave way to the 21st century, this high alert about potential war or crises later came to be applied to retirement […]

palladium

Palladium Best-Performing Commodity in 2017

August 20th, 2017 by

A large proportion of investors, even those who buy precious metals like gold and silver, have never even heard of the oft-forgotten fourth precious metal, palladium. Even its sister metal, platinum, is much more widely recognized. It was once fairly popular for high-end jewelry and, until recently, was historically more expensive than gold. However, now […]

bitcoins

Complaints of Seizures by Popular Bitcoin Wallet

June 17th, 2017 by

There’s been a deluge of coverage of Bitcoin lately, coinciding with the increasingly popular cryptocurrency’s dramatic rise (and fall) in price. It’s not just the all-time high values for Bitcoin that are garnering attention; it’s also the volatile swings in prices that invariably seem to follow. There’s a strong case to be made that Bitcoin […]

European Firm Explores “Gold-Beer Ratio”

June 4th, 2017 by

Because of gold’s unique monetary properties, the values of various assets are often expressed in terms of how much one ounce of pure gold could purchase. This gives a kind of objective measuring stick for purchasing power over time that compensates for inflation.

New Tech, Products Shake Up Platinum

May 25th, 2017 by

Among the four precious metals, platinum is often overlooked even though it’s generally in close price parity to gold. This is because platinum is rarer, lacks gold’s unique properties that make it the easiest metal to work with, and thus has a much small global market. Nonetheless, it’s also a highly useful industrial metal. Its […]

Commerzbank Ditches Precious Metals Division

May 20th, 2017 by

Commerzbank is a German bank that carries a fair amount of international clout. It is Germany’s largest lender, its second-largest bank by assets, and, more so than its beleaguered neighbor Deutsche Bank, enjoys a strong reputation around the world. Now, Commerzbank is unexpectedly scrapping its precious metals business to focus more on other departments of […]

Silver Supply May Be At-Risk

April 25th, 2017 by

Supply and demand are the essence of any market, and the precious metals are not excepted from this fact. This principle is particularly true of silver, however. More so than even gold, which has tremendous existing stockpiles that are frequently remelted (and endlessly loaned out), the price of silver is sensitive to disruptions in the mining industry.

Russia May Seize Citgo’s US Oil Assets

April 17th, 2017 by

The woes of Venezuela’s state-owned oil company PdVSA exploded onto the Washington, DC political scene this week, when doubts surfaced that it could meet a $2.2 billion bond payment due on April 12. Part of that total due last Wednesday included a payment on a $1.5 billion loan from Russian oil giant Rosneft. The Venezuelans […]

The Forgotten Precious Metal

March 19th, 2017 by

Unless someone is deeply involved in the commodities trade or some specialized industrial process, they are probably unaware of the market for the somewhat obscure metal rhodium. Although it is sometimes used to coat white gold or silver jewelry, rhodium’s primary usefulness is as a catalyst in automobile exhaust systems. Unsurprisingly, it is a Platinum Group […]

Prospects Brighten for Major Gold Miners

March 7th, 2017 by

From the time that gold prices dropped following the U.S. elections to their recent lows under $1,200/oz, gold mining companies saw a promising year end on a sour note in 2016. Many of the industry’s biggest players have staged major turnarounds to start this year, however.

Lithium Startups Challenge Majors

February 2nd, 2017 by

2017 is shaping up to be the sixth year in a row where lithium production has fallen short of demand. 175,000 metric tons of Lithium Carbonate Equivalent (LCE) was produced in 2016, compared to an estimated demand of 185,000 tons. With lithium metal prices tripling over the last three years, and electric vehicle (EV) sales […]

Solar to Surpass Natural Gas in U.S.

January 9th, 2017 by

There is no doubt that the question of how to generate cheap, clean, and sustainable energy will be one of the most pressing challenges for this generation of entrepreneurs and innovators. In the wake of the plunge and fluctuations of crude oil prices the past two years, much has been made of the attractiveness of […]

gold toilet

Gold In Our Sewers?

December 31st, 2016 by

Could you ever imagine someone throwing away a commodity as valuable as gold? As difficult as it may be to believe, people are literally flushing millions of dollars worth of gold down the drain each year! It begs a rather strange pair of questions: How much lost gold is really hidden in our sewer systems? […]

India Combats Gold Smuggling

December 20th, 2016 by

A great deal of news coverage has focused on the legislative war that the Indian government has engaged in against its domestic gold market, especially over the past two years. The unpopular effort seems to finally be having a noticeable impact, however, according to the latest data on gold smuggling from India’s Ministry of Finance.

Year-End Mining Update

November 25th, 2016 by

As 2016 nears the end of the year, it’s a good opportunity to review some of the recent headlines in the precious metals mining sector.

Object Falls from Sky Into Jade Mine

November 20th, 2016 by

When a 15-foot metal cylinder plummets from the sky and crash lands somewhere, you can hardly blame people for feeling a bit like Chicken Little: Is the sky falling? This is essentially what happened in Myanmar (formerly called Burma) last week in one of the stranger international news stories in recent memory.

Trump and Oil Market

What Does A Trump Win Mean For OPEC?

November 11th, 2016 by

Donald Trump’s victory in the US Presidential election has been the greatest global disruption of the year, far surpassing the Brexit vote in the UK. The general consensus is that he is committed to the largest deficit spending campaign in decades, which has thrown markets into a massive realignment. Two markets that will be the […]