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An Ugly Day For Precious Metals

17 Thursday May 2018

Posted by landisrefining in scrap gold

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Todd ‘Bubba’ Horwitz  Thursday May 17, 2018 09:27

Kitco Commentaries | Opinions, Ideas and Markets Talk

(Kitco News) – Tuesday was an ugly day in the metals, especially for gold. Silver had its troubles but is holding up much better from a technical perspective. Gold sold off hard, breaking down into a blow-off formation, while silver just hovered around support.

For gold bulls, Tuesday’s trade should turn out to be bullish with the blow-off pattern selling on heavy volume. Gold is very close to our $1,280 target, although $1,260 could come into play. Once $1,280 shows, we will be ready to start buying when support holds.

Most markets go farther in each direction than we expect. Another big selloff in gold could take it below $1,280. If that happens, we will turn to a shorter time frame on the charts looking for the shorter time frame to hold. We have turned buyers at the right levels and the right conditions. We will look to buy at $1,280 as long as the short term chart confirms, once that level has been met

via An Ugly Day For Precious Metals | Kitco News

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Tech and insurance go hand in hand when it comes to dental innovation

17 Thursday May 2018

Posted by landisrefining in business practices, dental techniques, health and wellness

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dental practices, dental technology

dental associates, landis refining

New Technology allows Doctors to focus on Patients

When it comes to dental health, companies seem to more and more see consumer technology and insurance as natural partners. Beam Dental, which started out in the smart toothbrush space but expanded a few years ago into dental insurance, raised $22.5 million today. At the same time, quip, a smart toothbrush company that raised $10 million last year, acquired dental health plan Afora, in a move that mirrors Beam’s pivot.

“With over 100 million Americans without any dental coverage at all, and many with coverage that doesn’t incentivize making the most of your covered preventative care, we feel it is essential to offer an alternative that can help more people visit the dentist more often, for less,” Simon Enever, CEO and cofounder of quip, said in a statement. “Bringing Afora into quip Labs allows us to accelerate this project towards our mission of supporting our members through all aspects of their oral care routine, from the products they use everyday, to the professionals they visit every six months”.

quip offers its own ADA-approved electric toothbrush for $25, a subscription service that sends replacement heads every three months for $5 per shipment, and an online platform called Dental Connect. The platform helps dentists who sign up to remind patients about regular check-ups and reward them for coming in with free brushes.

via Tech and insurance go hand in hand when it comes to dental innovation | MobiHealthNews

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PRECIOUS-Gold prices recover on short-covering

17 Thursday May 2018

Posted by landisrefining in market, precious metal market, scrap gold

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gold market, gold prices

landis refining, gold nugget

Gold nugget

* Dollar index hovers near 5-month high
* Benchmark U.S. Treasury yield hovers around 3 percent
* Spot gold may bounce to resistance at $1,302/oz-
technicals

By Apeksha Nair
BENGALURU, May 16 (Reuters) – Gold prices recovered some
lost ground on Wednesday on short-covering after prices fell to
the lowest level this year in the previous session on surging
U.S. bond yields and a stronger dollar.
Spot gold rose 0.3 percent to $1,294.30 per ounce at
0639 GMT, after shedding 1.7 percent and marking the lowest this
year at $1,288.31 in the previous session.
This was also the lowest price level for the yellow metal
since Dec. 28.
U.S. gold futures for June delivery were up 0.3
percent at $1,293.60 per ounce.
“Rising U.S. bond yields and a stronger dollar were factors
behind gold’s decline below the $1,300 level. The slight pick up
suggests that there might have been some opportunistic buying on
the part of investors,” said John Sharma, an economist with
National Australia Bank.
A stronger dollar makes greenback-denominated gold more
expensive for holders of other currencies, while rising U.S.
yields tend to weigh on bullion’s non-yielding appeal.
The dollar on Wednesday hovered near a five-month high
against a group of major currencies, boosted by a surge in the
benchmark 10-year Treasury yield after strong U.S. retail data
on Tuesday.
Meanwhile, Asian shares were under pressure after North
Korea cancelled high-level talks with Seoul, denouncing military
exercises between South Korea and the United States and throwing
into question next month’s unprecedented summit between Kim Jong
Un and U.S. President Donald Trump.
While global political tensions continued to provide
safe-haven support to the metal, investors said the main price
drivers would likely remain a stronger dollar and rising U.S.
interest rates.
“There are lot of geopolitical risks but people are just
used to it. Therefore it has not become a big driver for gold,”
said Helen Lau, analyst at Argonaut Securities.
Higher interest rates in the United States amid a rising
dollar will continue to add downward pressure on gold, Lau said.
Spot gold may bounce to a resistance at $1,302 per ounce,
before falling again, Reuters technical analyst Wang Tao said.

In other precious metals, silver was up 0.4 percent
at $16.30 per ounce after falling about 1.6 percent on Tuesday
in its biggest one-day percentage decline since April 23.
Platinum rose 0.4 percent to $897 an ounce, while
palladium eased 0.1 percent to $981.72 an ounce after
recording the biggest single-day percentage loss in two weeks at
1.3 percent in the previous session.

(Reporting by Apeksha Nair and Eileen Soreng in Bengaluru;
Editing by Sunil Nair)

via PRECIOUS-Gold prices recover on short-covering | Metals & Mining | Reuters

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PRECIOUS-Gold firms as dollar rally cools, U.S.-Iran tensions heat up | Metals & Mining | Reuters

11 Friday May 2018

Posted by landisrefining in gold, market, precious metal market, scrap gold

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gold market, precious metal market, US

gold bars* U.S. consumer price data weaker than expected
* Dollar slips from 4-1/2-month peak
* U.S.-Iran tensions support gold prices

(New throughout, updates prices, market activity and comments;
adds second byline and NEW YORK dateline)
By Renita D. Young
NEW YORK/LONDON, May 10 (Reuters) – Gold rose on Thursday as
the U.S. dollar backed away from 2018 highs after
weaker-than-forecast U.S. inflation data and as tensions between
the United States and Iran also supported the precious metal.
The dollar slipped from a 4-1/2-month peak after U.S. data
showed the Consumer Price Index rose 0.2 percent in April, less
than the 0.3 percent increase that had been forecast. A weaker
dollar makes dollar-priced gold cheaper for non-U.S. investors.

Also helping gold, viewed as a safe-haven investment, was
U.S. President Donald Trump’s move on Tuesday to withdraw from a
nuclear accord with Iran, raising the risk of conflict in the
Middle East.
Israel said on Thursday it had attacked nearly all of Iran’s
military infrastructure in Syria after Tehran fired rockets at
Israeli-held territory.
“We’ve seen a (dollar rally) in the last few weeks, but
actually gold hasn’t gone down as far as you might think, so
political tensions are helping,” said Macquarie commodities
strategist Matthew Turner.
Turner said the dollar was the main driver for gold and he
expects the precious metal to come under pressure in the near
term, with the dollar extending its rally.
Spot gold rose 0.6 percent at $1,320.53 per ounce by
1:34 p.m. EDT (1734 GMT). During the session it touched
$1,322.76, a 10-day high. U.S. gold futures for June
delivery settled up $9.30, or 0.7 percent, at $1,322.30 per
ounce.
Risk appetite among investors limited gold’s gains. Global
equities hit a three-week high as rising oil prices boosted
energy companies, offsetting increased political uncertainty.

“It appears as though the investment side of the equation
has not attracted a lot of attention,” said Rob Lutts, chief
investment officer of Cabot Wealth Management
“We are at the lower end of the range. It appears we could
drift back up to $1,350, but longer term. We really need to see
more investment.”
North American gold-backed exchange-traded funds registered
inflows in April at their highest level since September 2017,
with safe-haven purchases ushered in by a trade stand-off
between the United States and China, Syria tensions and worries
about possible U.S. sanctions on Russia.
In other precious metals, silver gained 1.4 percent
at $16.72 an ounce after earlier hitting a two-week high at
$16.74.
Platinum rose 1.7 percent at $925.40 per ounce,
earlier hitting $926.20, a two-week high. Palladium rose
2.6 percent at $1,000.70 per ounce, earlier seeing $1,002.10, a
2-1/2-week high.

(Additional reporting by Apeksha Nair in Bengaluru; editing by
David Goodman and David Gregorio)

via PRECIOUS-Gold firms as dollar rally cools, U.S.-Iran tensions heat up | Metals & Mining | Reuters

Global Dental Implant and Prosthetic Market Is expected to Witness a CAGR of 7.2% During 2018-2024

08 Tuesday May 2018

Posted by landisrefining in health and wellness, market, oral health, precious metal market

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dental global market, dental implant market, dental implants, dental prosthetics, nanothechnology, tooth loss

dental associates, landis refining

Associate Dentist

NEW YORK, May 07, 2018 (GLOBE NEWSWIRE) — The global dental implant and prosthetic market is expected to grow from USD 8,879 million in 2017 to USD 14,490 million in 2024 at a CAGR of 7.2% during the forecast period. The key factors driving the growth of the market include increasing incidences of dental diseases, growing geriatric population, and increasing awareness and concerns about oral diseases. Moreover, technological advancements in dental implantation and growing demand for cosmetic dentistry are further propelling the market growth. However, high cost of dental implantation may inhibit the market growth.

Tooth loss is a very common problem; therefore, dentistry employs the use of dental implants to provide support for replacement of damaged teeth and missing teeth. Researches on dental implant designs, dental materials, and new techniques have increased in the past few years and expected to become more popular in the coming years, due to growing demand for cosmetic dentistry. Healthcare researchers recently have turned to nanotechnology to target therapeutics to specific locations to develop better biomaterials, surface modification, and implant design.

Nanotechnology can create the surface with controlled topography and develop novel implant surface with predictable tissue-integrative properties. The technology has made it possible to coat the dental implant with a thin film of calcium phosphate; it provides helps in the attachment of the bone with the implanted teeth, and faster healing after the dental implant surgery.

Browse full research report with TOC on “Global Dental Implant and Prosthetic Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024” at: https://www.energiasmarketresearch.com/global-dental-implant-prosthetic-market-report/

Read more via: https://globenewswire.com/news-release/2018/05/07/1497273/0/en/Global-Dental-Implant-and-Prosthetic-Market-Is-expected-to-Witness-a-CAGR-of-7-2-During-2018-2024.html

Are The Precious Metals Percolating For A Big Move? | Seeking Alpha

08 Tuesday May 2018

Posted by landisrefining in gold, market, precious metal market, scrap gold, scrap precious metals

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gold market, gold prices, trading gold

Since the beginning of 2018, gold has been stuck in a trading range between $1310 and $1360. Silver has ranged between $16.20 and $17.50, though primarily between $16.80 and $16.25 since February. So what’s next? While most analysts base their views largely on chart technicals, I have found – at least for me – the Commitments of Traders “tea

landis refining, dental industry, scrap metal, purchase gold, purchase dental scraps, gold market

Ticker

 leaves” is a more reliable forecasting tool. Friday’s COT report showed a continuation of the trader positioning pattern that I believe will support the next big move higher.

Elijah Johnson and James Anderson invited me on to their weekly Metals and Markets podcast to discuss why I believe the metals may be bottoming. In addition, we discuss the why Amazon.com (NASDAQ:AMZN) and Tesla (NASDAQ:TSLA) are horrifically overvalued:

via Are The Precious Metals Percolating For A Big Move? | Seeking Alpha

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Suffering from diabetes? Take extra care of your teeth | Health24

07 Monday May 2018

Posted by landisrefining in dentist, health and wellness, oral health

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dentist, dentistry for diabetics, diabetic, diabetic health

dentist with pat

Diabetic? See your Dentist regularly.

Many adults with diabetes don’t see the dentist often enough, even though they’re at increased risk for gum disease, researchers say.

In a new study, investigators analysed data from just over 2.5 million American adults who took part in an annual federal government health survey.

The survey results showed that people with diabetes or prediabetes were least likely to visit the dentist. The study included about 248 000 diabetics, 30 500 people with prediabetes and over 2.2 million without diabetes.

Study author Huabin Luo, of East Carolina University in Greenville, North Carolina, was concerned by the results. “Those who need dental care the most seem to be the least likely to have it,” said Luo, an assistant professor of public health.

Why should diabetics go to the dentist more often?

People with diabetes are at increased risk for gum disease, which can hamper blood-sugar control and speed the progression of diabetes, the study authors explained.

Between 2004 and 2014, annual dental visits fell from 66% to 61% among people with diabetes; from 66% to just under 65% among those with prediabetes; and from nearly 72% to 66.5% for people without diabetes, the study found.

With about 6% of South Africans suffering from diabetes, it’s just as important in this country that diabetics visit the dentist regularly.

The study’s senior author, Bei Wu, says, “For people living with diabetes, regular dental check-ups – paired with proactive dental and diabetes self-care – are important for maintaining good oral health.” Wu is director of Global Health and Aging Research at New York University’s Rory Meyers College of Nursing in New York City.

Avoid diabetic complications

“Regular dental visits provide opportunities for prevention, early detection, and treatment of periodontal [gum] disease, which can potentially help with blood-glucose control and prevent complications from diabetes,” Wu explained in an NYU news release.

Health care workers should encourage people with diabetes to visit a dentist at least once a year, she suggested. “Increasing access to dental services is vital to achieving this goal,” she added.

The report was published online in the Journal of the American Dental Association.

Take care of your teeth

In a previous Health24 article, Cape Town-based dentist Dr Mark Sher emphasised the importance of dental care for diabetics because of the added risk of gum disease, mouth sores, and other issues.

Here are ways to take care of your oral hygiene of you are diabetic:

  • Schedule your dental appointments in accordance with your meal and insulin times to avoid hyper- or hypoglycaemia.
  • If you are diabetic, you will need a more rigorous approach to dental care. Go for teeth cleanings every three months and dental checkups every six months.
  • Brush and floss gently after each meal.
  • Mention bleeding gums to your dentist, as this might be a sign of gum infection.
  • Keep note of any changes, pain, sensitivity or possible mouth sores and mention these to your dentist.

Image credit: iStock

Read more via Suffering from diabetes? Take extra care of your teeth | Health24

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PRECIOUS-Gold prices crawl up as dollar pauses rally | Reuters

07 Monday May 2018

Posted by landisrefining in gold, market, precious metal market, scrap gold, scrap precious metals

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gold market, gold price, landis refining, landis refining blog, scrap precious metal

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American Gold Coin

BENGALURU, May 7 (Reuters) – Gold prices edged up in early
trade on Monday as the dollar took a breather after climbing to
its highest level this year in the previous session.

FUNDAMENTALS
* Spot gold rose 0.2 percent to $1,316.62 per ounce
at 0034 GMT.
* U.S. gold futures for June delivery were up 0.2
percent at $1,317.20 per ounce.
* The dollar index , which measures the greenback
against a basket of six major currencies, was steady at 92.547
after hitting its best since December at 92.900 on Friday.

* U.S. job growth increased less than expected in April and
the unemployment rate dropped to near a 17-1/2-year low of 3.9
percent as some out-of-work Americans left the labor force.
* Two Federal Reserve officials who are currently voting
members of the U.S. central bank’s rate-setting committee said
on Friday they were keeping an open mind on the total number of
interest rate rises needed this year.
* U.S. interest rate futures rose modestly on Friday, as
traders still expect the Federal Reserve to raise key borrowing
costs at its June 12-13 policy meeting in the wake of
weaker-than-forecast growth in domestic payrolls and wages in
April.
* Euro zone business growth dimmed again in April but the
picture remained relatively bright as new business stayed
buoyant and firms managed to build up backlogs of work, a survey
showed on Friday.
* SPDR Gold Trust , the world’s largest gold-backed
exchange-traded fund, said its holdings fell 0.17 percent to
864.13 tonnes on Friday from 865.60 tonnes on Thursday.

* Hedge funds and money managers trimmed their net long
positions in COMEX gold contracts in the week to May 1, U.S.
Commodity Futures Trading Commission (CFTC) data showed on
Friday.
* Demand for physical gold barely changed in major Asian
hubs last week even as global prices weakened, while a
correction in local rates in India prompted retail consumers and
jewellers to start purchases.
* The World Gold Council, owner of the world’s largest
gold-backed exchange traded fund (ETF), is launching a new fund
with a cut-price management fee to fend off rivals with lower
charges, a source familiar with the matter told Reuters.

via PRECIOUS-Gold prices crawl up as dollar pauses rally | Reuters

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CFTC Fines Two UAE Traders $2.7 Million Over Precious Metals Spoofing | Finance Magnates

04 Friday May 2018

Posted by landisrefining in market, precious metal market, scrap gold

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crying-sad-trader-or-broker

Photo: Reuters

The US Commodity Futures

Trading Commission (CFTC) has fined two gold futures traders from the UAE over allegations that they schemed to manipulate the precious metals futures market through a trading tactic known as ‘spoofing’.

Heet Khara and Nasim Salim, both are former traders of CME Group’s gold and silver futures contracts, were hit by $2.7 million in penalties for engaging in disruptive trading practices by placing bids and offers with the intent to cancel them before execution. The abuses of United Arab Emirates residents allegedly occurred between February 2015 through at least April 28, 2015.

Spoofing, in general, is a practice in which a trader floods the market with fake orders by entering and quickly canceling large buy or sell orders on an exchange, in order to fool other traders into thinking that the market is poised to rise or fall.

Read more via CFTC Fines Two UAE Traders $2.7 Million Over Precious Metals Spoofing | Finance Magnates

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One of the Rarest Precious Metals Hits a Record High – Bloomberg

27 Friday Apr 2018

Posted by landisrefining in gold, market, precious metal market, scrap gold, scrap precious metals

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Iridium

photo courtesy of periodictable.com

One of the least known precious metals hit a record on healthy demand from the car industry and for growing crystals used in mobile phones.

 Iridium, one of the platinum-group metals, has climbed 12 percent this year, outperforming everything from nickel to gold. As the second-densest element and with one of the highest melting points among metals, it’s sought after for its use in spark plugs and glass manufacturing.

 

Read more via One of the Rarest Precious Metals Hits a Record High – Bloomberg

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