Just because the markets were boring this week doesn’t mean there wasn’t important trade news and economic data

November 22, 2019

Marc Chandler wraps up this week daily editorials by recapping the trade news/comments and economic data from around the world. We also look ahead to next week with a couple predictions on European and Chinese data on tap. Overall a big picture look at where trends are heading into 2020 and what the Fed will be forced to do will be the major drivers for markets.

Click here to visit Marc daily blog where he outlines his thoughts on key news and data.

    Nov 22, 2019 22:33 PM

    Xi Jinping attended the 11th BRICS Summit in Brasilia, Brazil, partly to estimate availability to replace food exports from the U.S..
    With weather changes in the U.S. (late planting and early frost) and in Brazil (excessive rain) there may be upcoming worldwide shortages in soy products.
    There also might be a problem with wheat next year. Some Canadian wheat areas chose to swap to Sorghum which needs a shorter growing time, even though it produces less nutrition and profit.
    (At least the farmers know better than to believe the Global Warming lie… the near time)

    Nov 22, 2019 22:02 PM

    Ira’s Metals, with interesting comments on Hong Kong and the Dollar:

      Nov 22, 2019 22:41 PM

      Central Bankers Are Starting To Lose Control

      Christoph Gisiger – 18.11.2019

      “Kevin Duffy remains skeptical. The experienced short seller warns that the super easy monetary policy is getting less and less effective. This year, we’ve had this big sea change in terms of the central banks going back to easing and being more accommodative. Yet, the bond market is basically saying: no more! Easy monetary policy is not having the same stimulative effect as it had in the past, says Duffy.”

    Nov 22, 2019 22:02 PM

    Bridgewater may be right, but I’m going to wait until after the Black Friday results are in…..

    Nov 22, 2019 22:39 PM

    Nick @MiningBookGuy Germain – Interview on Junior Market Speculation

    by @Vaughan on 22 Nov 2019

      Nov 22, 2019 22:59 PM

      Golden era beckons for West Africa

      MIning Journal – 12.11.19

      “[Orezone Gold Corp CEO] Patrick Downey said at Beaver Creek [2019 summit] West African project risk was often overstated. He compared West Africa to Canada [and asked], how many projects have been brought in on time, budget, etc, and hit their production targets and costs straight away. And he peeled off half a dozen in West Africa…”

      “West Africa has trailed only Canada as a global mining ‘jurisdiction’ that has pulled the most equity-investor capital in the past decade, Endeavour’s de Montessus said at the recent Denver Gold Forum in Colorado. The region, collectively, has attracted more mining capital (more than US$6 billion raised) than Australia, and the US.”

    Nov 22, 2019 22:09 PM

    (ALO) Alio Gold Settles Arbitration With (MMX) Maverix Metals

    by @nasdaq on 22 Nov 2019

    Nov 22, 2019 22:23 PM

    As Lithium Prices Drop, Private Equity Investors Hunt For Deals

    Reuters | November 22, 2019

    “A more than 50% drop in lithium prices since 2018 has unnerved industry executives, fueling cuts to capital spending and halting expansions.”

    “Private equity groups and other investors have grown emboldened by the lithium industry’s malaise, forging plans to invest billions of dollars in mining projects to develop the electric vehicle battery metal.”

    Nov 22, 2019 22:37 PM

    Platinum Catch-22 Prevents Miners tapping The Hottest Metals

    Bloomberg News | November 22, 2019

    “South African miners face a conundrum: increasing palladium and rhodium output to take advantage of soaring prices risks depressing the already fragile market for sister metal platinum.”

    “That’s because palladium and rhodium are mined as byproducts, with every extra ounce of the former typically coming with two to three additional ounces of platinum. ”

    “They can’t increase production because the main metal is platinum and they don’t want to make the price come down,” said Rene Hochreiter, an analyst at Noah Capital Markets Ltd. in Johannesburg.

    Nov 22, 2019 22:46 PM

    (SVM) Silvercorp Expands Mineralized Zones at the GC Mine

    by @nasdaq on 13 Nov 2019

    “From October 1, 2018 to September 30, 2019, Silvercorp continued the extensive exploration programs at the GC mine and completed 25,877 metres of diamond drilling with three underground rigs from current production levels…”–gc-mine

    Nov 22, 2019 22:06 PM

    Off topic: AOC needs to have her head examined by Vladimir Putin.