News 

Some good news for the long-term gold bulls — supply is getting tighter

“The supply side of the gold market isn’t the one you hear about often” reports forexlive.com. Gold bulls have been beaten down recently but the Globe & Mail today lays out the situation. 1) There haven’t been any mega-gold mine discoveries in nearly 20 years, despite the boom. 2) The lives of gold mines are typically 25-40 years. 3) Mining exploration dipped after the commodity bust (but has picked up more recently) 4) It’s tougher than ever to get approvals to build a mine 5) Gold mining technology is essentially…

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News 

Cut mining red tape to secure America

“Rebuilding our defense supply chain means undoing the damage inflicted by years of bad policy” reports washingtonexaminer.com. We must align our mining policy with the expanding demands of our defense supply chain.This potentially crippling supply chain vulnerability will only get worse unless we act.Our adversarial approach to mining has atrophied domestic production, leading to troubling consequences. Source: washingtonexaminer.com Share This:

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Markets News Oil 

Oil prices look poised to weaken — but the market is still vulnerable to shocks

“Trade war concerns do seem to have pulled out a lot of macro money from the oil market, along with the broader risk-off approach across the commodities complex” writes Warren Patterson for businessinsider.com. These disruptions saw Libyan oil supply fall from 962Mbbls/d in May to 527Mbbls/d in early July.It seems that the key for Iran will be trying to convince Asian buyers to purchase more Iranian crude oil. Source: businessinsider.com Share This:

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News Oil 

Oil prices continue lower as fears of rising supply grip traders

“Oil prices continued lower in volatile action on Tuesday as traders remained concerned about a potential rise in output and an uncertain economic and political backdrop” writes Markets Reporter for marketwatch.com. To maintain this balance major oil producers decided to raise production but oil prices kept going higher due to actual and anticipated supply shortages.In the first half of the year we had a very high OPEC+ compliance against an ever-increasing US shale oil production to deal with.Later on Tuesday, traders will get supply data from the U.S., when the…

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Crypto News 

Food and Supply Chains Industries Show New Interest in Blockchain

“According to reporting by Trust Nodes, media mentions of the blockchain, supply chains, and food were practically non-existent until 2017” writes Nathan Reiff for investopedia.com. Since 2016, interest among supply chains and food industry companies in utilizing blockchain technology to increase efficiency has spiked dramatically.The food and supply chain industries believe that blockchain can be used to keep records securely and perhaps even across companies.Now, it’s common to see indications by some of the largest companies in the country that they are interested in exploring how blockchain can improve food…

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Markets News Oil 

Oil price drops on talk of increased global supply, slowdown in economic growth

“Oil prices dropped Monday, with talk of a possible release from global crude reserves, data from the International Monetary Fund showing a slowdown in global economic growth, and the potential for U.S. waivers on Iran oil sanctions, pushing prices for global benchmark Brent crude to their lowest finish in three months” writes Christopher Alessi for marketwatch.com. Traders also fretted over a potential slowdown in the global economy, which could hurt demand for oil.Fatih Birol, director of the International Energy Agency, also said at a private dinner last month that a…

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News Oil 

Oil falls four percent to three-month low as supply outage concerns ease

“NEW YORK (Reuters) – Oil prices slumped 4 percent on Monday, with Brent reaching a three-month low, as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers” writes Midwest Communications Inc for 95kqds.com. Supply outages in Libya, a labor dispute in Norway and unrest in Iraq all helped to push oil prices higher late last week, though prices still fell for a second straight week.In Norway, a union for workers on oil and gas drilling rigs stepped up a six-day strike on Monday.EDT (1534 GMT),…

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News Oil 

Oil price drops ahead of Trump-Putin summit

“Oil prices edged down Monday morning, ahead of a highly anticipated meeting between President Donald Trump and his Russian counterpart, Vladimir Putin” writes Christopher Alessi for marketwatch.com. Concerns over an escalating trade war between the U.S. and China have also weighed on prices, according to Tamas Varga, an analyst at brokerage PVM Oil Associates Ltd. Oil market observers are looking ahead to weekly U.S. petroleum inventory data from the American Petroleum Institute, an industry group, on Tuesday and from the Energy Information Administration on Wednesday.September Brent crude LCOU8, -1.78% the…

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Markets News Oil 

Oil prices dip as markets eye potential supply increases 

“Oil prices fell on Monday as concerns about supply disruptions eased and Libyan ports resumed export activities, while traders eyed potential supply increases by Russia and other oil producers” writes unknown author for cnbc.com. “Crude oil prices fell as fears of supply disruptions eased.Supply outages in Libya and strike action in Norway and Iraq pushed oil prices higher late last week, although prices still ended down for a second straight week.The market focus shifted towards possible supply increases, even as a Norwegian union for workers on offshore oil and gas…

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GBP News 

UK PM May promises to protect planemakers’ supply chains in Brexit

“The prime minister will set out in detail how her Brexit proposal – which was agreed by cabinet earlier this month but then sparked a wave of ministerial resignations – will protect the supply chains of firms like Bombardier and Rolls Royce as well as Airbus” reports businessinsider.com. The aerospace sector directly employs around 120,000 people in the United Kingdom, and supports a further 118,000 jobs indirectly, according to trade body ADS Group.”By working closely together, government and industry have ensured we remain at the forefront of civil aviation and…

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