New Copper Premium Contract to be Launched in China by CME Group

CME Group announced it'll be launching a new China Copper Premium Contract in November.

Matterhorn Asset Management sees Dow losing 97 percent against gold

Citing the removal of the gold stand by Nixon, Matterhorn Asset Management sees Dow losing 97 percent against gold.

It sees the final step of the removing the gold standard in the U.S. as the key reasoning behind the assertion. It allowed the U.S. government to create unlimited credit and money.

The resultant credit expansion around the world has been unprecedented.

In the U.S. alone it has jumped from $1.5 trillion to approximately $70 trillion.

For that reason gold will continue to be a store of wealth in the years ahead, protecting the purchasing power of those holding it, as it has for thousands of years.

Matterhorn sees it vastly outperforming most asset classes going forward, including stocks, bonds and real estate.

It sees the Dow being overbought by the most it has in about 60 years, with gold and silver being artificially depressed at this time.

From 1999 to 2011 the Dow/Gold ratio plummeted by 87 percent. Even with a weak correction the ratio is still down 60 percent since 1999.

The current correction could allow for the ratio to climb a little higher, but the downside risk is increasingly massive.

How nickel, cobalt and graphite have performed in 2017

Some commodities that are used as components to make lithium-ion batteries have underperformed this year, but that has started to change in the second half.

Here's a look at cobalt, nickel and graphite.

Simon Moores on Lithium's Scaling Challenges

Simon Moores talking on the challenges associated with scaling up lithium.

Scotiabank Trying to Sell Gold Trading Unit Following Scandal

After an alleged scandal concerning a U.S. refinery and smuggled South American gold, Scotiabank is working on selling its gold trading unit.

JP Morgan is leading the effort, with buyers in China the main focus of the initiative.

Workers at NTR Metals, a subsidiary of Elemetal, were accused of money laundering. NTR Metals is accused of importing over $3.6 billion worth of gold from 2012 and 2015.

ScotiaMocatta has been under review for several months.

Scotiabank has no comment on the sale or the scandal.