Movements in flat steel import prices in the United Arab Emirates and Saudi Arabia varied by commodity this week but overall demand was still not strong, sources told Metal Bulletin on Tuesday March 13.UAEHot-rolled coil (HRC) was being offered to the UAE at $620-630 per tonne cfr from China and at $640-650 per tonne cfr from India, while buyers were bidding $620-630 per tonne cfr.Metal Bulletin's...Read More

By Graham Summers The economic data is now beginning to reveal what the bond market has been screaming for weeks: namely that INFLATION. HAS. ARRIVED. In the last 24 hours we've seen:Core inflation rose 2.2% year over year for the month of February.Media one-year inflation expectations rose to 2.83% from 2.71%Wage data rose at an annualized pace of 3% over the last three months.The markets hav...Read More

Deep Green Resources (DPG), a seafloor mining start-up partnering with Maersk, the world's largest container shipping company, is about to launch a six-week cruise on April 12-14 from San Diego CA to an area of the Pacific Ocean where it will begin a process that it hopes and fully expects will solve the problem of how to mine the minerals and metals essential for a cleaner, greener world in a fa...Read More

Source: Jack Chan for Streetwise Reports 03/12/2018 Technical analyst Jack Chan charts recent movements in the gold and silver markets. -->Our proprietary cycle indicator is down.Read More

(Kitco News)- Gold prices have turned positive on the day as marketsdigest a steady increase in U.S. inflation pressures.Tuesday, the U.S. Labor Department said its U.S. ConsumerPrice Index rose 0.2% in February, after increasing 0.5% in January. Theincrease was stronger than expected as consensus forecasts were calling for a0.2% increase.For the year, headline inflation increased 2.2%, the report...Read More

China's export prices for hot-rolled coil declined at a slower pace on Tuesday March 13 with the domestic market appearing to regain some stability amid increased buying.DomesticEastern China (Shanghai): 3,940-3,960 yuan ($622-626) per tonne, narrowed downward by 20 yuan per tonneNorthern China (Tianjin): 3,880-3,900 yuan per tonne, unchangedA pick-up in trading activity in both Shanghai and Tianj...Read More

Rio Tinto-controlled Turquoise Hill Resources said Tuesday it had received an "information" request from the Mongolian Anti-Corruption Authority (ACA) to provide financial data associated to its giant Oyu Tolgoi copper and gold mine in Mongolia.The petition relates to an investigation about possible abuse of power by authorized officials during negotiation of the 2009 Oyu Tolgoi investment agreeme...Read More

The ECB dropped its easing bias on Thursday. Monetary hawks are pleased. But doves are holding tight. And what does gold do? Hawks Awaken in Frankfurt...A major change at the European Central Bank! On Thursday, it removed its long-standing pledge to increase bond buys if needed. In January we could read that statement: (...) if the outlook becomes less favourable, or if financial conditions be...Read More

NEW YORK (Reuters) - A measure of stress in U.S. dollar funding is expected to intensify into the end of first quarter due to a rising supply of Treasury bills and maturing short-term bank debt, Bank of America Merrill Lynch analysts said on Tuesday.The spread on the three-month London interbank offered rate (LIBOR) and three-month overnight indexed swap rate may widen to 50 basis points before gr...Read More

Shares in Chilean miner Antofagasta Plc. (LON:ANTO) spiked Tuesday after it posted a 59% increase in profits to almost $2.6 billion last year, thanks to strong copper prices and cost-cutting measures that helped offset a slight decline in production.Net profit for the year ended Dec. 31 climbed to $750.6 million from $158 million a year earlier, a more than four-fold increase, which allowed the co...Read More

By Avi GilburtFor those that follow me regularly, you will know that I have been tracking a set-up for the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX), which I analyze as a proxy for the metals mining market. I also believe that GDX can outperform the general equity market once we confirm a long-term break out has begun, and I still think we can see it in occur in 2018. This week, I will provi...Read More

China's ferrous futures mostly remained subdued during morning trading on Tuesday March 13.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,712 yuan ($586.40) per tonne, down 10 yuan per tonne May hot-rolled coil: 3,822 yuan per tonne, down 13 yuan per tonne Dalian Commodity Exchange May iron ore: 479 yuan per tonne, down 1.50 yuan per...Read More

LONDON, 9 March 2018 - Best-selling UK personal finance magazine MoneyWeek today quotes BullionVault in analysis of silver's low current price relative to gold."Silver tends to mimic gold's movements," says the magazine, reporting how since 1968 the two metals have gone in the same direction on 71% of trading days, attributing that fact to BullionVault research.MoneyWeek also recently named Bullio...Read More

MOSCOW (Reuters) - Britain’s ambassador in Moscow, Laurie Bristow, said on Tuesday Britain expected an explanation from Russia on how a nerve agent used in an attack on a former double agent came to be in Britain.“I reiterated the points made by Prime Minister May that we expect by the end of today an account from the Russian state as to how this material came to be used in Salisbury,&...Read More

By Jordan Roy-Byrne CMT, MFTA The past 18 months have been difficult for precious metals investors. If you had known Donald Trump would be elected and the US Dollar would soon begin a nearly 15% decline, you would have expected Gold to blow past its 2016 high. You would have been shocked to see the gold miners and junior gold stocks trading lower. Gold has fared okay but the gold stocks and Sil...Read More

– Hungarian National Bank (MNB) to repatriate 100,000 ounces gold from Bank of England – Follows trend of Netherlands, Germany, Austria and Belgium each looking to bring gold back to home soil – Hungary one of the smallest gold owners amongst central banks, with just 5 tonnes – Central bank gold purchases continue to be major drivers of gold market – Russian cent...Read More

 CloseGain/LossGold $1325.80+$2.10Silver$16.57+$0.02XAU79.70+0.04%HUI174.25-0.09%GDM606.84-0.03%JSE Gold1090.13-15.81USD89.74-0.14Euro123.90+0.48Yen93.88-0.18Oil$60.71-$0.6510-Year2.847%-0.020T-Bond145.15625+0.40625Dow25007.03-0.68%Nasdaq7511.01-1.02%S&P2765.31-0.64%  The Metals: Gold fell $6.60 to $1317.10 in Asia before it jumped up to $1327.50 in early New York trade and...Read More

LONDON, 4 March 2018 - BullionVault is featured today in UK weekend newspaper The Mail on Sunday's finance pages as part of a share tip on Augmentum, the fintech investment fund now floating on the London stock market.Besides peer-to-peer lender Zopa and crowd-funding site Seedrs, "Augmentum has four further investments, including Interactive Investor, the UK's second largest online stockbroker......Read More

By Mike Maloney"Wall Street and the financial sector are all trying to figure out 'Well how can we get a piece of these profits?', and the way it is engineered - they can't!"https://goldsilver.com/promo/freebook/ Read More

Import volumes of steel products from China into Latin American countries dropped by 50% year-on-year in January, according to figures released by regional steel association Alacero on Tuesday March 13.Latin America imported 412,000 tonnes of steel from China during the month, compared with 822,000 tonnes a year before.Meanwhile, China's total steel exports decreased by 39% to 4.40 million tonnes...Read More