Daily Newsletter

JLN Metals is a daily newsletter that covers news on the precious and base metals markets, as well key economic, production and company news in the sector. The free email newsletter and companion blog are edited by John Lothian News (JLN) Senior Editor/Producer Sarah Rudolph.

Daily Newsletter

JLN Metals Suspension Notice

BY Jeff Bergstrom » January 3, 2013 AT 10:51 am

JLN Metals Update

Dear Readers:

We are suspending temporarily the publication of the daily JLN Metals newsletter as we search for new sponsors. Due to budget cuts, NYSE Liffe US has discontinued their sponsorship of this newsletter. Thus, we are seeking new sponsors for the site.

In the meantime, we are suspending the daily newsletter delivery for the foreseeable future. Secondly, we are moving to an intermittent blogging format. We will continue to blog on the metals markets and create original content, but we will not necessarily do so on a daily basis. We will however continue to tweet from @JLNMetals on a daily basis.

We are seeking other potential sponsors for the newsletter and its website and will re-evaluate the publication schedule should enough new sponsors and advertisers emerge to support its operations.

John Lothian News Website

We will be combining all of our JLN newsletter websites into a single site, www.johnlothiannews.com, with special bespoke landing pages for each of our newsletters. This single website strategy will create a more dynamic market news portal which will feature original JLN created content, as well as regular newsletter fare. We believe it will enhance the readers experience and deliver greater value to our sponsors. It will also make our mobile strategy (an app for 2013) easier to deploy.

JLN Financials

We will be combining JLN Interest Rates and JLN Forex into a new combined and expanded newsletter called JLN Financials. This new JLN product will aggregate content in interest rates, forex and indices news, as well as feature JLN original content about the same. With short term interest rates pinned down due to Federal Reserve and Central bank policy, and so much happening structurally that impacts several different financial sectors, we decided to take a broader perspective for the financial markets. Thus JLN Financials will be launched later in January.

Thank You

Thank you for your readership of JLN Metals. Please continue to follow us on Twitter at @JLNMetals for news updates and look for updates on our blog at www.jlnmetals.com.

If you have interest in becoming a sponsor, or suggestions on who we might approach, please let us know. We will keep you updated as to our progress to find new sponsors.

Regards,

John J. Lothian
Publisher
John Lothian News

December 20, 2012: Silver Vaults Stuffed Means Price Rising 30% in ’13; Going for Gold? Don’t Forget the Vault

BY Jeff Bergstrom » December 20, 2012 AT 9:37 am

eBay jumps into the precious metals game with AMPREX-power Bullion Vertical; US Mint testing new metals to make coins cheaper; ICE Buys NYSE Euronext; and Silver Vaults Stuffed Means Price Rising 30% in ’13.

Daily Newsletter

December 19, 2012: BullionVault Says Customer Accounts Climbed 29% Through Oct. 31; Indian gold ETF holdings now exceed $2.1 billion

BY Jeff Bergstrom » December 19, 2012 AT 9:40 am

Bloomberg’s Claudia Carpenter reports BullionVault Says it customer accounts climbed 29% through Oct. 31; The Windsor Star includes a story that an Iowa firm, South Korean CEO pushing for $1 coin give $500K to an Iowa senator’s institute; and CNBC says even gold bull Jim Rogers is turning cautious.

Daily Newsletter

December 18, 2012: The Hard Costs of Copper ETFs; California Molten Gold Signals Revival In State’s Mother Lode

BY Jeff Bergstrom » December 18, 2012 AT 10:07 am

A Year End Change
I am going to be editing JLN Metals the last couple weeks of 2012, though the week after Christmas may see us shut down for a break related to our moving offices.

You will see a couple of changes. For one, I will not be compiling a scorecard for the newsletter. I know the numbers don’t look so good and they are probably not going to get any better in the last 2 weeks of the year when many funds and traders stop trading and take time off.

In the old days of open outcry, these could be some very difficult days as the floors were lightly populated at the end of the year. Today, with so much algorithmic and high frequency trading, there are slightly different risks. Keep this in mind the next couple of weeks when you are placing orders and leaving stops in the market.

I sometimes refer to trading like trying to run across the expressway. You need to run when there is an opening and don’t stand in the middle too long. Likewise, in markets like gold and silver, don’t leave yourself exposed too long to potential year end volatility, profit taking and holes in the liquidity.

As a Commodity Trading Advisor, or in my previous career as a broker, I was always cautious this time of year about expecting liquidity to be the same. It is not, so be careful out there.

~John J. Lothian

Daily Newsletter

December 17, 2012: LME Celebrates A Record Year Following Acquisition By HKEx; SEC approves JPMorgan copper ETF

BY Jeff Bergstrom » December 17, 2012 AT 1:24 pm

The London Metal Exchange had much to celebrate as it ended the year in which its acquisition by Hong Kong Exchanges and Clearing was completed with 10% higher volumes and a number of industry awards, including Commodities Exchange of the Year, Chief Executive of the Year for Martin Abbott, CTO of the year and New Metals Product of the Year for its LMESwaps. The acquisition was agreed to in June and completed on December 6. In other LME-related news, NASDAQ OMX announced the launch of its SMARTS Broker market surveillance for commodities trading on the LME, including the going live of two broker-dealer customers including Newedge. Building on the success of gold, silver and palladium ETFs, JP Morgan introduced a copper ETF, which today won the SEC’s approval despite opposition from metals users. Manufacturing companies, in particular those that make electrical wiring, were concerned that the new products would result in an “artificial” rise in near-term copper prices. The Dutch port town of Vlissingen overtook Detroit as the largest holder of aluminum in LME warehouses, with 1.44 million tons of aluminum compared to Detroit’s 1.42 million. There are long queues for the metal in both cities; the LME recently doubled the daily delivery rate for companies to try to cut down the wait time in Detroit.

Daily Newsletter

December 14, 2012: Singapore’s SGX eyes iron ore futures as US tightens OTC rules -sources; China now world’s largest market for silver investment

BY Jeff Bergstrom » December 14, 2012 AT 2:13 pm

The Singapore Exchange will launch iron ore futures next month to retain and attract more U.S. clients as the Dodd-Frank Act’s stricter rules on OTC derivatives come into effect. The move is an example of how exchanges outside the U.S. are trying to make sure that the new OTC regulations from Washington do not push their clients onto exchanges like ICE and CME Group, which have already adapted to the new rules. The futures will be cash-settled like the swaps and will be fungible on the SGX to avoid splitting the liquidity, Reuters reports.
Both supply and demand for silver are expected to grow in China, which has become the world’s biggest market for silver investment, Mineweb reports. The growth is in both physical investment and paper trading of futures and other instruments. The expansion is due to major economic growth in China over the past ten years as well as rising commodity prices which encouraged exploration and development, a study released by the Silver Institute said.
Next week’s election in Japan will be important to watch to help determine the direction of gold, according to Futures Magazine. Liberal Democratic Party President Shinzo Abe, who is projected to win, is committed to additional monetary stimulus and an inflation target of 2-3%, which should support the price of gold.

Daily Newsletter

December 13, 2012: Deutsche global head of commodities to leave; Bonus Cuts as Jobs Decline for Oil-to-Metal Traders: Commodities; Gold Drops to Lowest Level in a Week on U.S. Budget Negotiations

BY Jeff Bergstrom » December 13, 2012 AT 1:38 pm

Spot gold hit a two-week high yesterday after Ben Bernanke’s announcement that the Fed would buy $45 billion in longer-term Treasuries every month, and then it fell to $1,694.35 an ounce, its lowest since Dec. 7. More bad news for the futures industry: Investment banks are cutting their commodity-trading staff and will likely cut pay as well, amid declining revenues and regulatory limits on how much money traders can risk, according to Bloomberg. Financial firms have announced more than 300,000 job cuts since the beginning of 2011. Year-end bonuses are likely out the window too for about 20 percent of Wall Street Bank employees. Deutsche Bank’s global head of commodities will step down amid big cuts in staff at DB’s U.S. and European power and gas trading desks, Reuters reported. Sierra Leone’s economy is expected to grow more than 21 percent this year as it experiences a natural resources boom led by the production of iron ore. However, the boom is leading to fear of more violence in the war-ravaged country in the wake of an April clash between police and mine workers in which government security forces beat, shot at, arrested, and threatened with sexual violence residents of Bumbuna, where the mine that will account for most of the country’s growth is located, Bloomberg reported.

Daily Newsletter

December 12, 2012: JLN Interview with Kris Monaco of ISE on ISE’s new metals ETFs; Gold CEOs Told to Fix Slump as Investors Prove Restless

BY Jeff Bergstrom » December 12, 2012 AT 1:42 pm

The average cost for mining companies to extract an ounce of gold jumped 23 percent in 2011 to $584.70, and money managers – including George Soros – reacted by buying more physical gold, pushing mining executives to resign, or shifting from gold to silver, Bloomberg reported. At least six gold CEOs lost their jobs this year. Fear of economic uncertainty is leading German investors to buy gold, according to a recent study by German precious metals group Heraeus Holding GmbH. The study cited concern over the actions of the European Central Bank and the U.S. Federal Reserve and slow U.S. economic growth, according to Reuters. German private investors now own 8,000 tonnes of gold. Mark Smith, a pioneer in the U.S. rare earth mining sector, was replaced as CEO of Molycorp, the largest rare earths producer outside of China. An analyst told Bloomberg that Smith had lost credibility with shareholders, potential investors and analysts.

1 2 3 … 66 Next »

Daily Newsletter

Sponsored by:

Twitter: JLNMetals

Discover other newsletter, wiki and video offerings from John Lothian News.

Subscribe to JLN Metals

Discover other newsletter, wiki and video
offerings from John Lothian News.