~*~Mining and Metals Du Jour~*~

[JD400]

From Line 2. In DASH

MMgys

Whats Blowing In The Wind on Line 2.


The COT reports which we look at each week provide a breakdown of each Tuesday's open interest for markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC. The weekly reports for Futures-and-Options-Combined Commitments of Traders are released every Friday at 3:30 p.m. Eastern time. The short report shows open interest separately by reportable and Non-reportable positions. For reportable positions, additional data is provided for commercial and non-commercial holdings, spreading, changes from the previous report.

check out this page..http://news.goldseek.com/COT/1506108610.php

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More bad news for copper price

Frik Els

More bad news for copper priceCopper futures trading on the Comex market in New York turned lower again on Thursday after indications that top consumer China will be well supplied with concentrate going into the fourth quarter.

Copper for delivery in December declined 1% to 2.92 a pound ($6,437 a tonne) in early afternoon trade. Earlier this month copper touched a three-year high just shy of $3.18 a pound (more than $7,000 a tonne).

But disappointment about imports by China, rising stock levels at LME warehouses, and fewer mine disruptions saw the rally come to a screeching halt.

Today more bad news hit the market.

In a sign that primary copper supply is far from tight, Chinese smelters just hiked their treatment and refining charges by as much as 10%.

TC/RCs paid by mining companies to turn concentrate into metal are a good indication of conditions in the spot market.

The 10-member China Smelters Purchase Team (CSPT) set the minimum level for treatment fees at $95 per tonne and hiked refining charges to 9.5 cents per pound at their latest meeting in Shanghai on Thursday, according to a Reuters report.

That's up from $86 in the current quarter and the highest since Q4 2016 when copper was averaging $2.40 a pound ($5,290 a tonne):

Daniel Meng, head of China materials research at CLSA in Hong Kong, described the TC/RCs as a "very good result" for the smelters and said he had not expected such high rates as supply and demand were broadly seen as balanced.

check out this page....http://www.mining.com/


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Overly complacent investors may be in for a rude Fed wake-up call

tons of good reads here...Check out http://www.goldreview.com/

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David Kranzler tells Silver Doctors exactly why the Fed cannot normalize its balance sheet without crashing the system…

In this SD Weekly Metals & Markets, David Kranzler, Eric Dubin and Elijah Johnson discuss:

The physical vs. paper precious metal markets.
Will the Fed collapse the markets?
The North Korea situation is bullish for gold and silver.
U.S. gold and silver mining companies under attack?

check out......http://www.silverdoctors.com/

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Janet Yellen's 78-Month Plan For The National Monetary Policy Of The United States

"Adventures in depravity are nearly always confronted with the unpleasant reality that stopping the degeneracy is much more difficult than starting it. This realization, and the unsettling feeling that comes with it, usually surfaces just after passing the point of no return."

check out ZH......http://www.zerohedge.com/

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MMgys

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