Domestic prices for hot-rolled coil (HRC) in the EU have been stable this week with buyers remaining in "wait-and-see" mode, sources have told Metal Bulletin.Although activity is scarce, prices are not expected to go down, according to market sources.European steelmakers have largely sold out their second-quarter production of HRC, but have not announced new prices yet. The mills will make attempt...Read More
CloseGain/LossGold $1333.40+$23.00Silver$16.60+$0.40XAU80.59+3.16%HUI174.49+3.12%GDM609.50+2.46%JSE Gold1066.77+5.10USD89.65-0.76Euro123.47+1.01Yen94.62+0.54Oil$65.17+$1.6310-Year2.882%-0.005T-Bond143.78125-0.0625Dow24682.31-0.18%Nasdaq7345.29-0.26%S&P2711.93-0.18% The Metals: Gold saw decent gains in Asia and London and climbed $16.10 to as high as $1326.50 in late morni...Read More
CloseGain/LossGold $1333.40+$23.00Silver$16.60+$0.40XAU80.59+3.16%HUI174.49+3.12%GDM609.50+2.46%JSE Gold1066.77+5.10USD89.65-0.76Euro123.47+1.01Yen94.62+0.54Oil$65.17+$1.6310-Year2.882%-0.005T-Bond143.78125-0.0625Dow24682.31-0.18%Nasdaq7345.29-0.26%S&P2711.93-0.18% The Metals: Gold saw decent gains in Asia and London and climbed $16.10 to as high as $1326.50 in late morni...Read More
The big questions being tossed around Wall Street today are: why are markets such a mess? Why are we getting these wild swings?The reality is that the markets are NOT a mess. These are actually normal healthy markets. Healthy markets move, sometimes a lot in a small span of time.The real issue is that from '09 until recently, the market was completely artificial because Central Banks cornered ALL...Read More
By Steve St. AngeloAs investors continue to believe the stock market correction is over, the next big stop for the Dow Jones Index is 19,000. When the Dow falls below 19,000, all doubt will be removed as the best investment strategy would be to sell the rallies, rather than buy the dip. However, most investors buy at the top and sell at the bottom. So, it looks like investor carnage will c...Read More
Technical analyst Clive Maund charts a gold explorer that he believes has the "potential to take off higher suddenly on positive drill results."Golden Ridge Resources Ltd. (GLDN:TSX.V) looks like an interesting gold-silver play here for more speculative readers. On its latest 6-month chart we can see that it appears to be in a basing pattern so far this year after losing two-thirds of its value fr...Read More
As investors continue to believe the stock market correction is over, the next big stop for the Dow Jones Index is 19,000. When the Dow falls below 19,000, all doubt will be removed as the best investment strategy would be to sell the rallies, rather than buy the dip. However, most investors buy at the top and sell at the bottom. So, it looks like investor carnage will continue for the fores...Read More
Micron stock touched a 17-year high last weekMicron Technology, Inc. (NASDAQ:MU) received another bullish brokerage note today, after BMO raised its price target to $63 from $43. The brokerage firm noted, "Memory industry fundamentals, especially for DRAM, remain strong." Despite the price-target hike, Micron is trading down 0.4% at $60.93 -- but could see volatile trading on Friday, with the chi...Read More
Standard Deviation of Gold, Silver & Platinum (2008-2017)Sources: poundsterlinglive.com; LBMA; BMG Group Inc.Read More
Full Article: The Most Important Hearings Of The Young CenturyBy: Lawrence WilkersonOn MSNBC's "All In" on March 13, I discussed how the removal of Rex Tillerson from the position of secretary of state was the final triumph of largely Republican efforts-but with complicit Democrats as well-to consolidate the making of foreign and security policy exclusively in the White House. Since the 1947 Nati...Read More
By Ira EpsteinMetals get a strong rally off falling US Dollar after FOMC Announcement. http://iraepstein.com/Read More
China's hot-rolled coil prices started descending again on Wednesday March 21, especially in the eastern region, following a big drop in the futures market.DomesticEastern China (Shanghai): 3,850-3,900 yuan ($608-616) per tonne, down by 30-50 yuan per tonneNorthern China (Tianjin): 3,870-3,900 yuan per tonne, widened downward by 10 yuan per tonneThe paper market slumped during the day, with the be...Read More
At 2 p.m. EDT, the geniuses fromthe Fed will make their announcement on interest rates. There is no doubt,based on the 94% probability from the Fed funds rate, that they will hike ratestoday. However, the decision means nothing, as the real news will be the pressconference after the decision.Will the verbiage be dovish,meaning the Fed will remain accommodative, or will it be hawkish, meaning the F...Read More
The big questions being tossed around Wall Street today are: why are markets such a mess? Why are we getting these wild swings?The reality is that the markets are NOT a mess. These are actually normal healthy markets. Healthy markets move, sometimes a lot in a small span of time.The real issue is that from '09 until recently, the market was completely artificial because Central Banks cornered ALL...Read More
Are you feeling lucky? We all should. Whether you're short or long gold (or you're waiting on the sidelines), the additional day of signals is truly a blessing. That is if you know what to look at. The previous days and weeks provided us with multiple signs and yesterday's price action served as the - likely final - sign before the big price move. Were you listening? Let's start today's analysi...Read More
An explorer with a silver sands project is profiled by technical analyst Clive Maund.Silver stock New Pacific Metals Corp. (NUAG:TSX.V; NUPMF:OTCQX) has results due out son, and its charts suggest that they are likely to be good. We bought it back at the start of November and it was the subject of a couple of brief updates later that month, and hung on through a nasty drop in January, since which...Read More
The stock market is expecting a rate hike this afternoonThe Dow Jones Industrial Average (DJI) has overcome an early dip into the red to trade more than 100 points higher at the halfway point. Traders are awaiting the first Federal Open Market Committee (FOMC) policy announcement under new Fed Chair Jerome Powell this afternoon. While the stock market is expecting the central bank to lift its key...Read More
Collectively, the central bank sector claims to hold the world's largest above ground gold bar stockpile, some 33,800 tonnes of gold bars. Individually within this group, some central banks claim to be the top holders of gold bullion in the world, with individual holdings in the thousands of tonnes range.This worldwide central bank group, also known as the official sector, spans central banks (suc...Read More
By: Nicholas LePan, GoldSeek.com As Gold prices have stabilised, large operators are looking to grow their resources to support their processing operations and to maximize returns on capital expenditures by extending the life of the mine, this bodes well for junior miners that are well positioned near producing mines. Eagles Plains Resources Ltd. (TSX-V: EPL) is one junior that holds a signific...Read More
Key Metric LIBOR OIS Signals Major Credit Concerns - Widening of the spread between LIBOR OIS (overnight index swap) rate raises concerns- Spread jumped to 9 year widest spread, rising to 54.6bps, most since May 2009.- Libor recently moved to over 2% for first time since 2008- Wider spread usually associated with heightened credit concernsEditor: Mark O'ByrneMajor credit concerns are back as one...Read More