European alloy steel surcharges for July deliveries of grade-304 cold-rolled (CR) stainless steel sheet have risen for the sixth consecutive month on an increase in nickel costs to reach their highest level since June 2011. The July alloy surcharge for 2mm grade-304 CR stainless steel sheet - based on data published by Outokumpu, Acerinox and Aperam - is ?,?1,624-1,648 ($1,886-1,914) per tonne. Th...Read More

TOPICS IN THIS INTERVIEW:00:45 The central banker's inside perception of the economy?06:05 Consequences of an economy based on debt and inflation13:15 Trump and the central banks - who dominates who?16:35 Where to learn about the central banks financial tyrannyNomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a S...Read More

Steelmakers around the world can improve their plant performance, safety and product quality by further digitizing their processes, delegates at the Asian Stainless Steel Forum 2018 heard on Thursday June 28.Mills could automate their electric-arc furnaces (EAFs) and converters, deploying smart sensors and collecting big data to improve processes, Zhai Yuyou, director of sales at technology provid...Read More

An explorer that received good drill results last year is one of the first out of the gate to follow up this summer. Industry watchers are keeping their eyes on summer drilling in British Columbia's Golden Triangle for signs of the next GT Gold or Garibaldi Resources, both of whose shares leaped last year after the announcement of significant discoveries.One company on the radar screen is Aben Re...Read More

This gold explorer looks to past-producing mines to find potential. Liberty Gold's Goldstrike ProjectLiberty Gold Corp. (LGD:TSX) started off the new year with a bang and has continued to focus on its three gold exploration projects: Goldstrike, Black Pine and Kinsley, all located in the sweet spot known as the U.S. Great Basin.The company announced additional drilling results from the western an...Read More

The yield curve is dangerously close to inverting - a signal which often precedes a recession in America by about 6 months.Continue...Read More

Ray Dalio's influence over the world's largest hedge fund will be decreasing over the next few yearsContinue...Read More

East Asia's stainless steel prices held steady over the past week amid an illiquid spot market.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm trimmed cold-rolled coil was $2,240-2,300 per tonne cif East Asian ports for the week ended Wednesday June 27, unchanged from a week earlier.Metal Bulletin's assessment of prices for benchmark 304 stainless trimmed hot-rolled sheet was...Read More

Pattern – a downtrend is in progress and I believe a “three strikes and you’re out” low formation is setting up with price currently tracing out its way to the third and final low.Bollinger Bands – price is at the lower band and the question is does price trade down alongside this band or does support come in and send price back up? I lean to the latter. Horizontal li...Read More

 CloseGain/LossGold $1248.20-$3.60Silver$16.00-$0.05XAU79.83-0.13%HUI170.52+0.04%GDM609.88+0.24%JSE Gold1023.95-8.92USD95.32-0.02Euro115.66+0.10Yen90.49-0.30Oil$73.45+$0.6910-Year2.840%+0.012T-Bond145.09375-0.1875Dow24216.05+0.41%Nasdaq7503.68+0.79%S&P2716.31+0.62%  The Metals: Gold gained $2.40 to $1254.20 at about 9AM EST, but it then drifted back lower for most of the re...Read More

It is generally agreed that in a Gold BullMarket, the gold producers lead the way, by outperforming gold bullion.  To examine this trend we visitStockcharts.com and pull up a chart that compares mining stocks (GDX) to goldbullion (GLD). This index bottomed in March and since thenthe miners have moved ahead of gold bullion. The first hurdle, at the 50DMA (blue line) was overcome in April....Read More

Migration, trade, Brexit and the EU budget - but mostly migration - will be the big talking points at today's EU summit which kicks off in Brussels shortlyContinue...Read More

The Italian steel distribution network faces a shake-up from ArcelorMittal's efforts to meet its anti-trust obligations to acquire steelmaker Ilva.The European Commission (EC) EC has requested the "sale availability" of four ArcelorMittal CLN Distribuzione Italia (AM CLN) steel service centers (SSCs), Cesare Vigan??, the managing director of ArcelorMittal CLN Distribuzione Italia (AM CLN), said."T...Read More

Bob Moriarty of 321 Gold discusses the theory that there is a relationship between the full moon and the price of gold.For several months I have been beating the drum saying that there would be a tradable low for the precious metals in the June/July timeframe. The way to be fairly certain would be using the Commitment of Traders report and Daily Sentiment Indicator to mark an extreme of sentiment....Read More

Flat steel production in Turkey is expected to remain strong in the rest of 2018 thanks to the strong demand locally and abroad, sources told Metal Bulletin this week.The country produced 5.17 million tonnes of slab - which is used to produce flat steel products - in the January-May period, up 7.12% from 4.83 million tonnes a year earlier, according to the Turkish Steel Producers Association (T???...Read More

FLAT LINE AFTER A HEART ATTACK, but what awaits come the Holidays?So the GREEN is a Cannabis Index, which shows once investors got over their reluctance, they embraced the reality that Cannabis was and still is a coming trend. For this reason, I’d take a Scientific Wild Assinine Guess (S.W.A.G) that a minimum of 2-4 times the CANNIBIS related stocks, in the short run, are going to have specu...Read More

CVG Venalum has halted at least one shipment to a United States-based customer while the company deals with allegations that its senior management was involved in a money-laundering and drug trafficking scheme using the plant as cover, a person familiar with the matter told Metal Bulletin. The Venezuelan state-owned firm was recently named in a US Department of the Treasury's Office of Foreign Ass...Read More

Turkish domestic rebar prices have slipped over the past week due to weak demand while wire rod prices have risen, with two mills opening their local sales at higher prices, sources said.Metal Bulletin's weekly price assessment for domestic rebar was $550-565 per tonne ex-works on Thursday June 28, down from the $553-570 per tonne on June 21.The price fall reflects sluggish demand, caused by uncer...Read More

Base metals prices on the London Metal Exchange closed mostly in negative territory on Thursday June 28, with lead edging 1.5% lower amid broad downward trends in tin and copper. Although lead had previous shown some resilience to the recent slowdown across the complex, prices dropped below $2,400 per tonne for the first time since May 18. Broad strength in the dollar continues to weigh on th...Read More

 CloseGain/LossGold $1248.20-$3.60Silver$16.00-$0.05XAU79.83-0.13%HUI170.52+0.04%GDM609.88+0.24%JSE Gold1023.95-8.92USD95.32-0.02Euro115.66+0.10Yen90.49-0.30Oil$73.45+$0.6910-Year2.840%+0.012T-Bond145.09375-0.1875Dow24216.05+0.41%Nasdaq7503.68+0.79%S&P2716.31+0.62%  The Metals: Gold gained $2.40 to $1254.20 at about 9AM EST, but it then drifted back lower for most of the re...Read More