SD Friday Wrap: Gold & silver make a movie. Just don't expect it to win any Grammy's because it's a terrible movie. Here's the official review...Editor's Note: This SD Friday Wrap was started at 1:45 p.m. EST and does not include any market action after that time.*****The bad thing about Groundhog Day is that it wouldn't be so bad if we were bulls on, oh, say, U.S. equities.That's the kind of Gro...Read More

Dear Friend of GATA and Gold:GATA consultant Robert Lambourne, our expert on the Bank for International Settlements, noted this week that the BIS is late in posting its monthly statement of account for March, which typically contains obscure data about the bank's largely surreptitious interventions in the gold market on behalf of its client central banks.So your secretary/treasurer e-mailed the...Read More

The latest jobs data is out today (Friday) and it showed the economy created a solid 164,000 jobs in April to bring the unemployment rate below 4% Continue...Read More

Domestic prices for rebar in Poland have been unchanged this week because market activity was slow, sources told Metal Bulletin.Market activity was slow due to public holidays in the first half of this week, according to market sources.Metal Bulletin's weekly price assessment for domestic 12mm B500B-grade rebar in Poland was 2,250-2,290...Read More

A short squeeze could push CYBR shares past a key technical levelCyberArk Software Ltd (NASDAQ:CYBR) is trading up 3.6% at $57.05, thanks to better-than-expected first-quarter earnings and revenue. The stock has since received at least six price-target hikes, the highest of which was to $64 from $55 at Stifel. This is just more of the same from CYBR shares, which were up 33% year-to-date even befo...Read More

BEIJING (Reuters) - Top officials from China and the United States reached a consensus on some aspects of the countries’ trade row, but disagreements over other issues remain “relatively big”, according to China’s Xinhua news agency on Friday.The two sides, though, committed to resolving their trade disputes through dialogue, state-run Xinhua reported.And the U.S. negotiato...Read More

By Amrith Ramkumar and Georgi Kantchev Gold prices swung between small gains and losses before closing slightly higher Friday after the latest jobs report showed employers added fewer jobs than expected last month while the unemployment rate fell to its lowest level since 2000. Front-month gold for May delivery closed up 0.2% to $1,312.70 a troy ounce on the Comex division of the New York Mercan...Read More

These are getting to be serious amounts. The QE Unwind is ramping up toward cruising speed. The Fed's balance sheet for the week ending May 2, released this afternoonContinue...Read More

The export market for Brazilian pig iron waned at the beginning of May, with prices edging downward amid reduced product availability for shipment to foreign buyers and uncertainties about scrap prices in the United States.Metal Bulletin's weekly price assessment for Minas Gerais-origin pig iron exports came to $390-395 per tonne fob on Friday May 4, against $395-400 per tonne fob a week earlier.T...Read More

The Oracle of Omaha said Berkshire bought another 75 million AAPL shares last quarterWarren Buffett continues to be bullish on Apple Inc. (NASDAQ:AAPL). In an interview with CNBC, the Oracle of Omaha revealed Berkshire Hathaway (BRK.A) bought another 75 million AAPL shares in the first quarter -- bringing its stake in the iPhone maker to 240.3 million shares, or 4.7%, and making it the second bigg...Read More

* Spot gold headed for third weekly decline* Premiums in India, Singapore widenBy Rajendra Jadhav and Apeksha NairMUMBAI/BENGALURU, May 4 (Reuters) - Demand for physical gold barely changed in major Asian hubs this week even as global prices weakened, while a correction in local rates in India prompted retail consumers and jewellers to start purchases.In India, gold futures were trading at around...Read More

Diversified miner Anglo American said on Friday it will end its investment in deep sea mining company Nautilus Mining."We are exiting our small minority shareholding in Nautilus, as part of the prioritisation of our portfolio on our largest and greatest potential resource assets," Anglo spokesman James Wyatt-Tilby said, confirming a report in the Financial Times.Anglo has a 4 per cent stake in Tor...Read More

By Maryam Cockar Glencore said Friday that the group and its consortium partner the Qatar Investment Authority, or QIA, will no longer proceed with the sale of a 14% stake in Rosneft Oil Co. (ROSN.MZ) to CEFC China Energy Co. The company said the consortium will transfer its 14% stake in Rosneft to a wholly owned subsidiary of QIA for about 7.4 billion euros ($8.87 million), which will be used to...Read More

Ferrous scrap prices in the major global markets remained firm during the working week from Monday April 30 to Friday May 4, with single exception of the United States.Although Turkish steel producers halted their deep-sea scrap purchases at the end of last week, suppliers have kept their offers strong this week.But the decreases in Turkish import prices seen in previous weeks have only now been r...Read More

JOHANNESBURG (Reuters) - Mine operator Sibanye-Stillwater said on Friday that 10 of 13 miners trapped underground at its South African gold mine were rescued but four of the 10 have died from their injuries.The miners were trapped by at the company's Masakhane mine west of Johannesburg on Thursday after an earthquake caused a cave-in.Five of 13 miners were rescued on Thursday but one of them had d...Read More

The unemployment rate fell to the lowest point since late 2000Dow Jones Industrial Average (DJI) futures are trading below fair value this morning -- set to reverse yesterday's late-day momentum -- as Wall Street digests the nonfarm payrolls report for April. Specifically, Labor Department data showed the U.S. economy added 164,000 jobs for the month, falling short of an expected 192,000, while...Read More

Kane will step into the role on June 4. He has over 30 years' experience in developing and operating mines around the world.He joined BHP early in his career, working exclusively on the Escondida mine in Chile for about  a decade before taking on other roles in the company' copper department in Chile, the most recent being BHP Minerals Americas' asset president of Pampa Norte for the past thr...Read More

Four miners have died, three remain stuck underground and two are still missing at one of Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) gold mines in South Africa following a quake caused a fall of ground Thursday, trapping a total of 13 workers.Two more quakes were felt Friday near the Masakhane mine, part of the company's Driefontein operations, where three of the workers remained trapped and two u...Read More

SHANGHAI, May 4 (SMM) – All waste raw materials imported from the US shall be subjected to inspections from May 4, according to a notice from China's customs administration. Deliveries cannot be sent into China without inspection. Copper scrap imported from the US accounted for 15% of China's total imports of copper scrap, and stood at 535,000 mt in 2017, SMM data...Read More

By Amrith Ramkumar and Georgi Kantchev Gold prices swung between small gains and losses Friday after the latest jobs report showed employers added fewer jobs than expected last month while the unemployment rate fell to its lowest level since 2000. Gold for June delivery was recently down 0.1% to $1,310.90 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices have stayed...Read More