China's hot-rolled coil prices rose steadily on Friday March 30 after futures soared during the day.DomesticEastern China (Shanghai): 3,820-3,840 yuan ($607-610) per tonne, up 40 yuan per tonneNorthern China (Tianjin): 3,790-3,810 yuan per tonne, up 50 yuan per tonneSpot prices jumped in both eastern and northern regions after the paper market strengthened throughout the day, according to market p...Read More
Sheahan Diamond Literature Reference CompilationThe Sheahan Diamond Literature Reference Compilation is compiled by Patricia Sheahan who publishes on a monthly basis a list of new scientific articles related to diamonds as well as media coverage and corporate announcements called the Sheahan Diamond Literature Service that is distributed as a free pdf to a list of followers. Pat has kindly agreed...Read More
If you use Google services, there's a simple way to download everything the company is storing on their servers about you.Continue...Read More
SummaryIs the current global economic growth sustainable?Which phase of the debt cycle are we in?What does it mean for the gold market?There is a range of factors which drive the Kondratiev waves. Following Schumpeter, we have focused so far on technological innovations. However, debt cycles are also a key. What are they?The debt cycles are comprised of alternate leveraging and deleveraging of deb...Read More
Ferrous futures in China continued their recent run of strength during the morning trading session on Friday March 30, with only iron ore weakening slightly.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,324 yuan ($528) per tonne, up 34 yuan per tonne May hot-rolled coil: 3,644 yuan per tonne, up 5 yuan per tonneDalian Commodity Exchange May iron ore: 436 yuan...Read More
Mike Gleason: It is my privilege now to welcome in Frank Holmes, CEO and Chief Investment Officer at U.S. Global Investors. Mr. Holmes has received various honors over the years, including being names America's best fund manager by the Mining Journal. He's also the co-author of the book, The Goldwatcher: Demystifying Gold Investing. And is a regular guest on CNBC Bloomberg, FOX Business, as well a...Read More
This marks our our 10th year of doing this. And by "this", we mean using data, logic and reason to support the very basic conclusion that infinite growth on a finite planet is impossible. Continue...Read More
At the beginning of March, President Trump imposed tariffs on steel and aluminum. This was after imposing tariffs on solar panels and washing machines back in January of this year. The last time there were tariffs imposed on steel imports was in 2002. What was the impact back in 2002 on the Dow Jones Industrial Average and the S&P 500? The Dot-com bubble had already burst. Was gold used as a safe-...Read More
Egypt's biggest steel producer, Ezz Steel, enjoyed normal industrial operations in 2017 after several years of disturbed activity, the company said on Thursday March 29. Firstly, Ezz Steel did not suffer any interruptions to the electricity or natural gas supplies. Secondly, the foreign currency needed for the purchase of imported raw materials was made available without limitation, company chairm...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar East China, domestic, grade...Read More
"While we are on the subject, it is reported that the U.S. Post Office will lose $1.50 on average for each package it delivers for Amazon. That amounts to Billions of Dollars. Continue...Read More
China's domestic rebar prices increased on Friday March 30, tracking increases in the futures market.Domestic Eastern China (Shanghai): 3,550-3,600 yuan ($564-572) per tonne, up 60-90 yuan per tonneNorthern China (Beijing): 3,710-3,740 yuan per tonne, up 30-40 yuan per tonneTraders raised their prices in line with the strong gains in the futures market, while buyers with urgent needs maintained a...Read More
Israeli border police dropped tear gas from drones onto Palestinian protesters in Gaza on FridayContinue...Read More
The seaborne iron ore concentrate market saw limited activity in the week ended Thursday March 29, with some sellers offering lower premiums to entice business.The weekly Metal Bulletin 66% Fe Iron Ore Concentrate Index was at $86.64 per tonne cfr China on Thursday, down by $1.55 per tonne or 1.8% from a week earlier. The daily Metal Bulletin 65% Fe Iron Ore Index averaged $80.68 per tonne cfr Chi...Read More
Ferrous futures in China continued their recent run of strength during the morning trading session on Friday March 30, with only iron ore weakening slightly.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,324 yuan ($528) per tonne, up 34 yuan per tonne May hot-rolled coil: 3,644 yuan per tonne, up 5 yuan per tonneDalian Commodity Exchange May iron ore: 436 yuan...Read More
Remember LIBOR? The interest rate which soared during the global financial Continue...Read More
Last week we noted that Gold's quarterly close would be a key marker for Gold's immediate breakout potential. Gold was Continue...Read More
China's domestic rebar prices increased on Friday March 30, tracking increases in the futures market.Domestic Eastern China (Shanghai): 3,550-3,600 yuan ($564-572) per tonne, up 60-90 yuan per tonneNorthern China (Beijing): 3,710-3,740 yuan per tonne, up 30-40 yuan per tonneTraders raised their prices in line with the strong gains in the futures market, while buyers with urgent needs maintained a...Read More
SEOUL, April 1 (Reuters) - South Korea's exports to theUnited States declined 1 percent in March 1-20 from a yearearlier while shipments to China surged 16.6 percent,preliminary government data showed on Sunday.The decline in shipments to the United States was mainlybecause of a drop in car sales and petrochemical products, thetrade ministry said in a statement. The ministry said exports to China...Read More
SEOUL, April 1 (Reuters) - Following are South Korea'spreliminary export and import figures for March, released by theMinistry of Trade, Industry and Energy on Sunday (rounded): March*Feb Balance ($ billion) 6.9 3.2 Exports ($ billion)51.644.9 (pct growth vs yr ago) +6.1+3.9 Imports ($ billion)44.741.6 (pct growth vs yr ago) +5.0 +14.9* Revised NOTES:- Exports expanded for a 17th straight month i...Read More