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I just received this email in which they indicate that they have removed my wamuq new shares
Seminario y Cia informs you that it has a withdrawal of -40,000 shares of WAMUQ NEW for the withdrawal of the tenure by our foreign broker for being the value lapsed.
What was dealt with in Trubunal on the 16th of June last was the following, at the request previously of the German Bank or the Trustee respectfully requests that this Court introduces two orders as follows:
A. Order of Approval
(1) The determination that the Trustee has acted reasonably and in good faith within the limits of the discretion to enter into the Agreement; [This is (i) 1.04 pick of the JPM / DB / FDIC solution)
(2) Upon verification that the certificate holders received sufficient legal notice of the present proceeding and the opportunity to object;
(3) Unless any holder of a certificate claims to be lodged against the Trustee on the basis of its prosecution of the action and negotiation of, and entry into, the liquidation; Y
(4) The statement that the Agreement and each of the documents under which it is effected - Conciliation Agreement and the JPM Trust Agreement - is binding on trusts. [This is (iv) 1.04 pick of the JPM / DB / FDIC solution]
The audience was attended by representatives and lawyers of Banco Aleman who were satisfied with the development of the audience
B. Assignment Order: direct that the liquidation Profits are shared between the trusts and between the classes of securities issued by each trust
Based on the net loss percentage or on the basis of any other methodology approved by this Court. "
WaMu holders of securities wishing to be heard in connection with the petition may be heard and heard before the Court. The Court has scheduled a hearing on the petition on June 16, 2017 at 9:00 am in the courtroom of Department No. C07 of the Superior Court of Orange County, located at the Justice Center, 700 Civic Center Drive West, Santa Ana, California 92701. "
This has to do with the solution. Plaintiffs may agree to stipulate some or all of the measures requested in the court of evidence. If they do not, the hearing 06/16/17 will continue. Anyone who doubts the above can request the document. It is 122 pages. I was given this information for the benefit of Rajiv as he has been very generous in keeping his eyes open for the evolution of the CA court.
Share Price wmih, rose 4.3% yesterday, after the judge announced, is now at $ 1.20, .the next few days will continue to rise? I do not think so since it is going to produce these coming weeks an acquisition and they will manipulate prices down, who? The funds they are accumulating. I speculate that the price is $ 1.25 per share. After the acquisition the new stock will have a price of $ 5 with the contributing capital of the company that will acquire wmih and will have a reduction of the number of shares of wmih and a new value in Price for the absorption of the new company, it is at this time that they may deliver the value of the ltm and maybe give us the money in equivalent to the value of the new share in percentage according to the incoming capitalization. Date the new stock can rise $ 150 in 2 years, quiet only speculate, there are real estate assets that will return to their prices in a market no longer depressed. The funds will have exorbitant profits, so they were very patient, they know well the financial link in the near future, the chains will break
It seems that the price of gold trend change.
COVERAGE FUNDS, UP
According to the CFTC (Commodity Futures Trading Commission), hedge funds and money managers raised their net long positions in gold contracts in the week of January 10 This was the first time in nine months that they held a position Long in gold.
As precious metal shelter offers are in the heads of investors, precious metals miners witnessed price hikes. In the first half of the year, the Bank of China (SGG), Sibanye Gold (SBGL), Pan American Silver (PAAS), Alacer Gold (ASR) and Eldorado Gold (EGO) 2%, respectively, from the 11th of this month. These four mining companies together account for about 8.7% of the Vaneck Vectors Gold mining fund (GDX), according to UK Market News.
Mining-based funds, which have also experienced price declines since the December lows include Sprott SGDM and iShares MSCI Global Gold Mine.
Next year is gold and silver, to the friends of this forum a happy year 2017, that their wish come true
http://www.gold-eagle.com/article/one-chart-should-drive-investors-buying-gold-and-silver
http://www.theeventchronicle.com/study/remember-german-gold-repatriation-thing-well-going/#
Gold had its best day in recent years, in order to wheel in Europe someone bought $ 3.5 billion in gold
http://www.24hgold.com/english/Newsflow-gold-surges-above-1150-on-3-5-billion-bid-bitcoin-dips.aspx?id=9891459160H11690
http://www.zerohedge.com/news/2016-12-29/gold-surges-above-1150-35-billion-bid-bitcoin-dips
The balances of the relevant mining companies to 3rd quarter will come out with 35% higher, compared to 2 nd quarter, so mining stocks will go up in a couple of weeks
A. Considering the current total market capitalization is $ WMIH 487 million for the value of the action in the market which is currently at $ 2.30,
B. According to the latest semi-annual balance of this year the total equity is 790 million, which gives a value for the shares of $ 3.70 per share, or that the action should rise in the future
C-value of the action according to dividend has an annual dividend of $ 0.28 projected, the value of the action have a $ 2.30 PER of 8.2 years
D.-such action in the future will yield a 4-5% annual return on the capital value of the shares of WNIH
WMIH action ceases to be stationary and bassist to go up, so its fusion already arranged will be released in no less than 90 days. Now if luck to all.
Please you think of wmih and last exonomicos data has improved somewhat? thanks in advance for your opinion
An action either up when these utilities out profits and balance sheets in the case of WMIH the usefulness of the first half of 2016 is $ 0.14 per share well above the 1 first half of 2015 was $ -0.38 per share it is why the action will go up. that also the (PER) will be less, um ????? securities market lacking if so stop writing child
Peru: Mining investments total US$42.00 billion, hit record
ANDINA
14:24.
Lima, Jul. 26. Peru's mining sector reached a record investment figure of US$42.00 billion over the last five-year period, Deputy Minister of Mines Guillermo Shinno reported on Tuesday.
"Record investments close to US$42.00 billion were reached during this five-year term in office," Shinno told Andina news agency.
"The country's mineral production, especially of copper, was increased. Therefore, Peru turns into the world's second-largest copper producer," he stressed.
Comparative advantages
The official went on to add progress was possible, regardless of the current international context and low prices of precious metals gold and copper.
"[...] Peru offers low and optimal operating costs, compared to those registered in other regions," he affirmed.
Moreover, comparative advantages are based on a "highly-competitive skilled and unskilled workforces," Shinno stressed.
In this sense, he noted benefits contribute to drawing investors' attention.
"No mining unit was shut down in Peru, although in the South, in Chile, many units were shut down," he added.
Portfolio
The current potential mining-project portfolio stands at US$50.00 billion, half of which is currently in the "exploratory stage," he highlighted.
PPK Y LA MINERIA EN EL PERU--TODAY FROM JULY 28 PPK became president of PERU.A THE PERSON IS A SPECIAL PRO INVESTMENT IN MINING AND THEIR GOAL IS TO UNLOCK THE PROJECTS TO PERFORM Paralyzed INFRASTRUCTURE THAT PERU
http://www.stockhouse.com/companies/bullboard/t.dnt/candente-copper-corp?postid=25076272
http://www.stockhouse.com/companies/bullboard/t.dnt/candente-copper-corp?postid=25076272
http://www.stockhouse.com/companies/bullboard/t.dnt/candente-copper-corp?postid=25076272
Bloomberg News
July 28, 2016 — 9:10 AM CEST Updated on July 28, 2016 — 12:02 PM CEST
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Prices soared this year as mine closures shrank global output
People with zinc assets are bullish and not selling: MMG
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Chinese-owned MMG Ltd. is seeking new zinc mines in Peru, which has the world’s third-largest reserves, after a dearth of global exploration in past decades led to an output crunch.
“We’re looking at places like Peru where there’s a lot of zinc,” and the company’s Las Bambas copper mine there offers a base to explore opportunities, Chief Executive Officer Andrew Michelmore said. “The crunch has finally come,” he said on conference call Thursday.
Zinc, used to rustproof steel, has surged more than 50 percent from its January low as production cuts at Glencore Plc’s mines and closures at MMG’s Century and Vedanta Resources Plc’s Lisheen operations reduced supplies. Goldman Sachs Group Inc. forecasts a widening global shortage with prices rising to $2,500 a metric ton in six months, compared with $2,185 on Thursday.
MMG, based in Melbourne and owned by China Minmetals Corp., expects to produce 120,000 tons to 135,000 tons of zinc in 2016 from mines in Australia. The Las Bambas operation in Peru will probably produce 250,000 tons to 300,000 tons of copper in concentrate this year, the company estimates.
“There is so little zinc around,” Michelmore said. “Those people who are in zinc are also bullish about the zinc market so they don’t want to sell. That’s why we keep coming back to the focus we’ve got on finding zinc.”
Goldman says the global shortage will expand to 360,000 tons in 2017 from 114,000 tons this year. The metal is the best performer on the London Metal Exchange in 2016 as stores in warehouses monitored by the bourse have fallen about 30 percent from a September peak.
“We are very positive about the zinc industry and we’re keen to be involved with more of it, but it’s challenging,” Michelmore said. “We have exploration programs and we’re looking at extensions to current mines.”
Peru has the world’s biggest zinc reserves after Australia and China, U.S. Geological Survey data show.
— With assistance by Martin Ritchie
I think we're very close to see the price of real silver, thank the forum members of this product especially JD400 The Cork and who bring a lot with their insightful comments.
http://www.roadtoroota.com/public/998.cfm
Italy Granted "Extraordinary " €150BN Bank Bailout Program To Prevent "Panic, Run On Deposits"
Tyler Durden's picture
by Tyler Durden
Jun 30, 2016 4:23 PM
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As we noted today, the rumors of an Italian bank bailout, which started on Monday morning, and were promptly shot down by Merkel the next day, got louder after a Reuters report that the Italian government is considering more creative ways to inject liquidity into Italy's banks. However that was just an appetizer to a main course, which came later today when as the WSJ reported citing a spokeswoman for the European Union’s executive arm that the "European Commission has authorized Italy to use government guarantees to create a precautionary liquidity support program for their banks."
How did this happen so quietly under the table and without Merkel's blessing? WSJ says that the program was approved under the bloc’s “extraordinary crisis rules for state aid."
And here we thought that Italy's banks are actually doing so very well. Oh wait, no we didn't.
As the WSJ notes, the proposed "crisis" plan is the "other leg of an intervention plan considered by the government" namely, the direct capital injection into Italian banks that would add up to €40 billion in capital to the banking sector", the one we profiled previously. It is also the plan that Merkel supposedly shut down before it got off the ground. However, Europe had a Plan B up its sleeve.
What are the details of this latest "crisis" program?
According to an EU official, the liquidity support program includes up to €150 billion ($166 billion) in government guarantees. The WSJ adds that the commission spokeswoman declined to comment on the amount of guarantees that were authorized, but said that the budget requested by the Italian government had been found to be proportionate. The Italian economy ministry declined to comment.
An amusing sidebar: "only solvent banks would qualify for the liquidity support program, which has been authorized until the end of the year." The problem is that with €360 billion in NPLs, every bank in Italy is insolvent, which implicitly means that they will all be found to be solvent or otherwise nobody will benefit.
Confirming the severity of the Italian fiasco, is that the decision which was taken on Sunday, had not been previously disclosed until the WSJ reported on it and "appears to be a first indication of governments moving to shore up banks in the wake of market turbulence following the Brexit referendum in the U.K."
In other words, just as we said before, Brexit was nothing more than a Europe-blessed "crisis" ploy designed to achieve two things: unleash more QE, which the BOE admitted will happen (most likely with the involvement of the ECB), and ii) to facilitate the bailout of insolvent Italian banks. To wit:
Brexit will be just the scapegoat used by Renzi and Italy to circumvent any specific eurozone prohibitions. And if it fails, all Renzi has to do is hint at a referendum of his own. Then watch as Merkel scrambles to allow Italy to do whatever it wants, just to avoid the humiliation of a potential "Italeave."
And while Angela Merkel apparently shut down the original proposal pitched by Italy, Europe - surely under the guidance of Mario Draghi - has found a way to circumvent her veto power.
“As this decision and other precedents demonstrate there are a number of solutions that can be put in place in full compliance with EU rules to address market turbulence,” the spokeswoman said.
To be sure, Italy's market has indeed been turbulent: Italian banks have lost more than half of their market capitalization since the beginning of the year, as investors fret about the lenders’ huge exposure to bad loans. That compares to an average decline of less than one third for European lenders. Some Italian banks have seen their shares drop by some 75%.
But what is most stunning is the WSJ's conclusion of what the plan is supposed to prevent - it is not to halt the stock price collapse, it is to prevent a bank run:
A person familiar with the Italian government plans said the cabinet of Prime Minister Matteo Renzi hoped to use a liquidity backstop to contain investor panic, which could result in a run on deposits and affect banks’ liquidity.
Needless to say, for Italy's Prime Minister to be contemplating how to avoid "investor panic" and prevent a "run on deposits", then Italian banks must truly be on the verge of collapse.
Finally, for those curious about timing and how soon until it all unravels, we quote the European Commission spokesman who said that “there is no expectation that the need to use this scheme should arise.”
What this statement really means, and whether a preemptive plan to bailout Italy's insolvent banks will "boost confidence", we leave up to readers decide.
http://www.zerohedge.com/news/2016-06-30/european-commission-grants-italy-crisis-%E2%82%AC150bn-bank-bailout-program-prevent-run-depo
More paper money, the crisis of Italian banks was the main reason for England to leave the Eurozone.
European Commission Authorized Italian Government to Support Banks
Program approved under the bloc’s ‘extraordinary crisis rules for state aid’
Several other European countries with weak financial systems already have similar support systems in place. ENLARGE
Several other European countries with weak financial systems already have similar support systems in place. PHOTO: CARL COUR/GETTY IMAGES
By VALENTINA POP and GABRIELE STEINHAUSER in Brussels and GIOVANNI LEGORANO in Milan
Updated June 30, 2016 12:56 p.m. ET
1 COMMENTS
BRUSSELS—The European Commission on Sunday authorized Italy to use government guarantees to provide liquidity support to its banks, a spokeswoman said, disclosing the first intervention by a European Union government into its banking system following the U.K. vote to leave the EU.
The June 23 referendum sparked a steep sell-off in banking stocks followed by intense volatility this week. That has exacerbated already existing troubles in the Italian banking sector, which is suffering from high levels of bad loans and poor profitability amid super-low interest rates.
The Italian liquidity-support program includes up to EUR150 billion in government guarantees, said an EU official. Several other European countries with weak financial systems already have similar support systems in place.
The commission spokeswoman declined to comment on the amount of guarantees that were authorized, but said that the budget requested by the Italian government had been found to be proportionate. The Italian economy ministry declined to comment.
Only solvent banks would qualify for the liquidity support, which will run until the end of the year. “There is no expectation that the need to use this scheme should arise,” the commission spokeswoman said.
The guarantees, which could be used to guarantee debt issued by banks, are separate from an Italian government blueprint to recapitalize weak lenders. Italian officials have said that the government hopes to inject up to EUR40 billion in fresh capital into domestic banks.
In contrast to liquidity support, which the commission can approve during times of market turmoil, capital injections fall under the EU’s new strict rules on bank bailouts. Those rules would require private investors, including bondholders, in the bailed-out bank to take losses.
“As this decision and other precedents demonstrate there are a number of solutions that can be put in place in full compliance with EU rules to address market turbulence,” the commission spokeswoman said. She said the support program was approved under the commission’s “extraordinary crisis rules for state aid to banks,” and that guarantee programs such as the one for Italy were generally approved for six months so they could be adjusted for new developments.
http://www.wsj.com/articles/european-commission-authorized-italian-government-to-support-banks-1467297630?mod=wsj_nview_latest
BANK ONE STOP WRITING think they Nonsense, ORGANIZING YOUR IDEAS WERE ALWAYS DO CONFUSED Wasting Time
friend strength, everything will be fine
Good day Cork,te appreciate that information, that good that you handle this forum height firmly and very sanity, good Nagoya, lithium is more effective than the brominated benzodiazepines, valiun, nobrium etc, we expect gold and silver follow up next week the wind is in favor, employment suffered a significant low and the unemployment rate manipulation continues with 5%, and very few changed jobs this indicates that the situation is not good for the US economy and index greenback, tambiern is resaltante layoffs and bankruptcies in the oil industry
Tv , mejor que nunca,mina de SANTANDER sin tener ni siquiera un perfil de proyecto,esta produciendo 40 mlls de lbs de zinc y ha encontrado mas reservas, tiene un sistena de recuperacion muy moderno y las minas de Caribu que ya esta pronta a entrar en produccion con lo que sumaria solo en zinc 90 millones de lbs de zinc . el precio del zinc esta cuesta arriba mayor a$ 0.90.
http://www.smv.gob.pe/ConsultasP8/temp/TVNR1610Q12016SantproductionApril%201416.pdf
http://www.smv.gob.pe/ConsultasP8/temp/TVNR1610Q12016SantproductionApril%201416.pdf
Korcho in this forum have read much of your positive contribution because your comments are appropriate thoughtful and lucidly, so I congratulate you, the opinions given by the forum members that I know never mentioned buying some action, I never do, because that is stupid and people here think they have a high level of culture MNINERA to exchange streams of opinion regarding mining, .Here as in all forums that bring people there are positive and negative are not lacking, as a result of frustrations and traumas difficult to overcome and that their messages are disclosed
I like to know what you think of what will happen with the zinc market, these raylles 1997 and 2005 will be repeated, stocks each lower day are at a minimum of 8 years (400,000 tons) mines closed, manas they are exhausted, chief China consumiforse recovers, steel production recovers galvanized acerros used enough zinc, zinc smelters have increased their production and are warning shortage of zinc concentrates, zinc price was $ 090 a pound, most mining of polymetallic has money that is obtained as a byproduct, hence if the price of silver rises mining polymetallic stances that produce will benefit HL ejm
Wake BVN AND CERRO VERDE latter will triple its production later this year, is now in 80% of the estimated production, profit of the 1st quarter of 2016 was $ 96 mlls 1 T 2015 profit dfue of $ 40 millions.
BVN earned a profit of $ 51.6 millones
http://www.miningpress.com/nota/297024/buenaventura-feliz-triplico-utilidades-en-1t-2016
Currently, Tahoe pays monthly dividend of $ 0.015 per share, in a few months to pay $ 0.038 per share on a monthly basis
http://www.realistinvestor.com/tahoe-resources-inc-nysetaho-yearly-eps-estimate-at-0-46/12914
Rio Alto compro a Sulliden las minas de Sahuindo y las consesiones de la mina Vikingo en el año 2014 ,Taho compro la nueva mina de RIO ALTO ( minas la arena y sahuindo )el año pasado 2 015
http://gestion.pe/empresas/tahoe-resources-adquirira-rio-alto-us-1060-millones-2122924
http://www.miningpress.com/nota/260071/peru-tras-la-compra-de-sulliden-nace-el-nuevo-rio-alto-
http://elcomercio.pe/economia/peru/rio-alto-shahuindo-producira-oro-desde-enero-2016-noticia-1775469
Rio Alto en produccion desde año 2012 con su mina LA ARENA , LA MIMA Sahuindo entro en produccion en el mes de abril del presente año 201
Mina Rio Alto-La Arena ubicada en el despartamento de la libertad peru (comprada por Taho) produccion 220 onz de oro y por desarrollar planta de sulfuros de cobrea tajo abierto.
Mina de Sahuindo Colinda con la mina de Yanacocha de la newmont ) adquirida por Taho con produccion de 120,000 onz de oro,produccion se retrazo y iva a entrar en produccion el 1 ero de abril de este año no hay informes al respecto
En el Peru la produccion de oro es de aproximadamente 250 000 onz de oro / año, pudiendo aumentar su capacidad productiva
Andthe price of gold silver up http://www.mining.com/web/madness-in-the-crimex-trading-pits/
lingotes_plata
25-04-2016
Los inversores canadienses presentan una demanda por la manipulación del precio de la plata
MINING PRESS/ORO Y FINANZAS
Un grupo de inversores canadienses han presentado una demanda por la manipulación del precio de la plata con la Corte Suprema de Justicia de Ontario (Ontario Superior Court of Justice) tras el reciente acuerdo de Deutsche Bank por haber manipulado, tanto la cotización del oro, como de la plata. Los bancos afectados son Bank of Nova Scotia (por su filial ScotiaMocatta, el banco canadiense es uno de los bancos de inversión del mercado del oro más importantes del mundo), Barclays Bank, Deutsche Bank Securities, SBC Securities, Société Générale y UBS AG.
Tres bufetes de abogados (Sotos LLP, Koskie Minsky LLP y Camp Fiorante Matthews Mogerman) presentaron la demanda la semana pasada por manipulación del precio de la plata. Es el segundo caso por manipulación de las cotizaciones de los metales preciosos en Canadá. En diciembre 2015, los mismos bufetes, presentaron una demanda por la manipulación del precio del oro.
La demanda canadiense, aunque haya sido completamente independiente de la demanda en EE.UU., es similar en su contenido al referirse a la manipulación de los precios del oro y la plata entre enero 1999 y agosto 2014.
El acuerdo al que ha llegado Deutsche Bank podría ser el inicio de una larga cadena de juicios contra los bancos involucrados en todo el mundo. Como parte del acuerdo, Deutsche Bank se ha comprometido a ayudar en la demanda colectiva contra otros bancos compartiendo mensajes y otras comunicaciones.
Plata, el metal estrella en lo que va de abril
EL FINANCIERO
Las previsiones de una mayor demanda tanto física como en papel han hecho de la plata el metal de mejor rendimiento al interior del Bloomberg Commodity Index en lo que va de abril, con un rally superior al 14 por ciento que la ubica en su mejor nivel en casi un año.
Ayer, en el mercado de contado , el precio de la plata subió 0.20 por ciento, a un precio de 16.9958 dólares por onza, mientras que en el mercado de futuros, el precio referente se contrajo 0.26 por ciento a 17.09 unidades.
Un reporte del banco francés Natixis indicó que durante marzo China incrementó las importaciones del metal en 14 por ciento frente al mismo mes del año anterior, mientras que en el trimestre mostró un aumento de 20 por ciento, también en términos anuales.
Plata entra en mercado alcista: sube 23% desde su mínimo, México se opaca en el ranking mundial del oro, China lanza referencial de oro en yuanes para aumentar su poder en el mercado de lingotes. "En China , más de la mitad de la demanda de plata es para uso industrial", señaló Bernard Dahdah, analista de commodities del banco.
- China se ha convertido en uno de los mayores consumidores de electrodomésticos en el mundo y gran parte de ese consumo depende de las condiciones económicas actuales"
- La demanda de los inversionistas está ahí claramente y la demanda de China por plata ha sido de mucho apoyo recientemente"
Las perspectivas para el factor fabril de Chinarepuntaron en el último mes, lo cual se reflejó en la lectura de marzo del PMI manufacturero de la consultora Markit para ese país. Dado que el metal, además de ser un activo de refugio es un producto primario para la industria, las ganancias se aceleraron en los últimos días.
Además, en el mercado de materias primas de Nueva York, el comportamiento de los inventarios en el Commodity Exchange (Comex ), los más grandes para el metal en el planeta, durante abril han registrado 2.06 por ciento de contracción, lo que significa 3 mil 194 onzas menos en estos 21 días de operación. En marzo, por el contrario, tuvieron un aumento de 0.48 por ciento, pero en los últimos 12 meses han bajado 13.3 por ciento.
De acuerdo con cifras de la Comisión de Comercio de Futuros sobre Materias Primas, las posiciones largas netas (apuestas alcistas) sobre la plata se ubicaron en 62 mil 746 contratos, un nivel máximo desde 2006.
"Somos cautelosos para pensar que el rally de la plata se haya acabado, debido a que las posiciones largas se encuentran en un máximo", dijo Georgette Boele, especialista de metales preciosos del banco holandés ABN AMRO.
Shareholders must submit a letter of complaint to the Internal Control Judiciary USA, on lel Waltrat pronouncement of the judge to give his reason and leave it in writing, we would get something right and RAZONABLE.Que means that in the JUDICIAL SITEMA AMERICAN? perhaps he is entering decomposition?
http://www.elmostrador.cl/mercados/2016/03/18/la-bolsa-de-metales-de-londres-se-queda-sin-cobre-ni-aluminio/
The London Metal Exchange runs out of copper or aluminum
BY BLOOMBERG MARCH 18, 2016
The London Metal Exchange runs out of copper or aluminum
The amount stored in warehouses monitored by the stock market has fallen by nearly half compared to the peak in 2013 and is close to the lowest value in seven years. Operators are moving copper warehouses monitored by the LME to China to take advantage of arbitrage opportunities, which led to a record the amount held in facilities monitored by the Shanghai Futures Exchange. The movement is also encouraged by the operators who buy the metal as a currency hedge dollar on expectations of a weakening of the yuan, said Michael Turek, director of base metals at BGC Partners in New York.
Operators do not stop removing materials from deposits London Metal Exchange (LME, for its acronym in English).
The amount stored in warehouses monitored by the stock market has fallen by nearly half compared to the peak in 2013 and is close to the lowest value in seven years. Copper and aluminum account for most of the decline. These are the reasons:
Aluminum
Aluminum supply has been falling along with the other metals in both the LME storage tightens rules to prevent queues forming. In addition, operators are pulling out the metal of the network to take advantage of cheaper storage rates, according to Societe Generale SA.
Aluminum inventories hovering around the lowest level in seven years and are likely to occur more withdrawals. The metal removal orders jumped 26 percent on Thursday orders to take raw material deposits in Vlissingen, and grew 14 percent on Friday due to reservations made in Detroit.
It was the biggest jump in bookings in two days since December 2011, when a triggered withdrawal orders in the Dutch city caused extensive waiting to access the material. The delay caused consumer complaints and attracted the attention of legislators, forcing the bag to strengthen supervision of its more than six hundred deposits.
Copper
Operators are moving copper warehouses monitored by the LME to China to take advantage of arbitrage opportunities, which led to a record the amount held in facilities monitored by the Shanghai Futures Exchange. The movement is also encouraged by the operators who buy the metal as a currency hedge dollar on expectations of a weakening of the yuan, said Michael Turek, director of base metals at BGC Partners in New York.
Copper inventories monitored by the LME fell 3.7 percent on Thursday, the biggest drop since May 2014. Inventories fell for the twenty-first consecutive day Friday and were at the lowest level in nearly seventeen months.
"The LME stocks fell rapidly, but the build-up in China has been at least as strong," he said Macquarie Group Ltd. said in a report e-mailed on Thursday. The rise in iron ore registered this year also boosted optimism that demand in China, the biggest user of metals, can be better than expected, the company said.
The total amounts six metals in LME facilities decreased 26 percent in the last twelve months were 4.1 million tons. More than 10 million metric tons of aluminum are stored in places unmonitored, according to estimates by Macquarie.
"More generally, we are inundated with aluminum," said Caroline Bain, commodities economist at Capital Economics Ltd. in London, said in a telephone interview. "Although the shares are falling, there is no demand. We have to assume that most of this metal is coming out of the bag
China Is Now In Control Of Global Silver Prices
Tyler Durden's pictureSubmitted by Tyler Durden on 03/10/2016 14:10 -0500
China India JPMorgan Chase Precious Metals Renminbi Turkey
inShare
6
Submitted by Dave Forrest via OilPrice.com,
China has been an unofficial price-setter for most metals over the past decade. And this week, the country became an official participant in setting prices for one of the world’s most important precious metals markets.
That’s the London Bullion Market silver price. Where one of China’s largest banks just became a member of an elite group of players that controls fluctuations in this key metal.
CME Group, which runs the process for price setting of silver in London, said Sunday that China Construction Bank will officially join as a member of the silver price process. Putting it alongside existing participants HSBC, JPMorgan Chase, The Bank of Nova Scotia, Toronto Dominion Bank, and UBS.
These groups will now participate in price bids that go into setting the official London silver price. The first time that China will have direct influence on this process.
The expansion into China in itself is significant. And the entry of China Construction Bank into the market could also have some other important consequences for precious metals.
Especially when it comes to currencies. With the Chinese bank having said it will support the development of renminbi-denominated futures contracts for physical delivery in London.
Such products would represent the first time that physical silver can be bought and sold here in China’s home currency. A move that could reduce the longstanding relationship between the U.S. dollar and precious metals prices.
This is also a sign that precious metals markets are increasingly going international. Which makes sense, given that the world’s top consumers are places like China, India, Russia and Turkey.
This could be the start of further moves to increase metals markets influence in these parts of the world. Watch for more announcements, and for a possible breakdown in the USD/silver correlation as the renminbi contracts get going.
Here’s to a silver line-up...
Central banks stopped selling gold they ran their money, the goal was to lower the price of gold, control inflation, give more value to the dollar by increasing interest, this manipulative maneuver failed with the market, since the astronomic amount of dollars without backing and has no value there cups low and even negative interest for this reason gold and silver are ready to start a run alcista.al like metals, market manipulation can last a v time but never be for siempre.USA ALL PRESENTED tO YOUR TASTE HANDLED THE MARKETS ARE BEYOND THE FINANCIAL WORLD MARKET
According movements comex has created a bubble of physical gold assets against gold represented by papers or be a apalancalamiento of 1/25 at 1/540, (at Lemann) no physical gold that gold can ensure the value dcon paper, COMEX has lowered tyemerariamente stoks physical gold and are in trouble to replenish stoks's going to be difficult to do today there will blast cuantitativamnente gold is becoming less day by the low prices, problems with comiunidades , environment, high costs for governments require maas conditions to avoid contamination, have been removed new explorations, gold producers have reduced their production,
With the money it will happen the same and this know JP Morgan who silently are buying silver for several years, one of the catalysts for the rise in gold is to raise interest of the dollar the Fed knows this and that is why no The dollar will rise
53.56% FCX; 21% SMM Cerro Verde Netherlands B.V. (a subsidiary of Sumitomo Metal Mining Company Ltd.); 19.58% Compañia de Minas Buenaventura S.A.A.; and 5.86%
he project will expand the concentrator facilities from 120,000 metric tons-per-day (mtd) to 360,000 mtd and provide incremental annual production of approximately 600 million pounds of copper and 15 million pounds of molybdenum beginning in 2016.
FCX has lost $ 12 million, for oil AND PROBLEMS IN MALAYSIA, Cerro Verde currently has a production cost of $ 1.45 per pound in April starts the new plant will allow production NDE 600 million pounds of copper, it will double production to 15 million pounds of molybdenum, from that date April this year the cost of production will be the lowest in the world $ 1.10 per pound, the Chilean copper mines are out of competition since Peru has disseminated copper grading two to three times higher than in Chile
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FCX has lost $ 12 million, for oil AND PROBLEMS IN MALAYSIA, Cerro Verde currently has a production cost of $ 1.45 per pound of copper in April starts the new plant will allow production of 600 million pounds copper will double its production to 15 million pounds of molybdenum, from that date April this year the cost of production will be the lowest in the world $ 1.10 per pound, the Chilean copper mines are out of competition since Peru has disseminated copper grading two to three times higher than in Chile, Peru Greetings from Arequipa
Buenaventura of Peru's most powerful mining, the qui deposits of gold has more silver lead zinc copper is at $ 4.10 ////file:///C:/Documents%20and%20Settings/usuario/Mis%20documentos/Downloads/Buenaventura-HI%20(1).pdf///
Giovanni Hello, what is your opinion qie gold and silver are upstream as base metals and it is time to enter NUGT