The Commodity/Cryptocurrency Evolution is Upon Us

Article was originally published on GSI Exchange. 2017 marks that year in which cryptocurrencies finally penetrated mainstream consciousness. A victory lap for the cypherpunk culture that pioneered its foundational technologies and underlying philosophy over twenty years ago? Sort of, but not quite. A schism took place in the perception of the technology itself, widening the […]

Fragile commodity: Woman arrested for trying to sell underage girl’s virginity (VIDEO)

A venturous lady from Saint Petersburg attempted to cash in on the virginity of a 15-year-old girl she met online. She managed to find a generous buyer in Moscow for the unusual article…but he turned out to be an undercover cop. A hotel room with a large bed, white sheets and dimmed lighting was rented […]

World running out of sand, making it the black market’s hot commodity

A global shortage of sand is prompting black-market gangs to steal large amounts from rivers and beaches. Scientists are warning that the global supply of sand is slipping through our fingers. Statistics show that worldwide, we go through 50 billion tons of sand every year – twice the amount produced by every river in the […]

Foreigners will soon be able to trade Chinese commodity futures — including iron ore and oil

REUTERS/Las Vegas Sun/Steve Marcus China’s financial markets regulator, the China Securities Regulatory Commission (CSRC), has announced plans to accelerate opening of the country’s futures market, according to an article published in the China Securities Journal on Thursday. “The CSRC will push forward with plans to launch crude futures trading, and will work actively to introduce […]

Capacity cuts in China fuel a commodity rally and a debate

STEEL ran in Zhang Cheng’s family for three generations. His grandfather mined iron ore. His father got a job in the big state-owned steel mill just outside Jinan, capital of Shandong province. His mother worked in the on-site hospital. And Mr Zhang went to the mill-run school, graduating to a job in its foundry, where, […]

HSBC becomes the latest bank to upgrade its commodity price forecasts

Flickr / Hakee Chang Commodity prices continue to rally and analysts are scrambling to upgrade their forecasts. Macquarie Bank did just that earlier this week, making significant upward revisions to its iron ore and coal forecasts for the years ahead. And now HSBC has followed suit, noting that China’s demand for commodities continues to surprise to […]

China’s dominance in the global commodity markets, in one chart

If you needed any further evidence of how important China is when it comes to the outlook for global commodity prices, this chart surely seals the deal: Morgan Stanley From Morgan Stanley, it shows China’s share of total global demand for a variety of major commodities, both now and where it’s projected to sit in […]

RBC commodity chief: The oil market has a lot riding on Venezuela

Business Insider Helima Croft, a managing director and the global head of commodity strategy at RBC Capital Markets, discusses how Venezuela could possibly “implode,” and what that will mean for the oil market, After all, the country has the world’s largest proven reserve, and makes up 10% of US oil imports. Croft thinks that situation will impact […]