Gold suppliers are sounding the alarm about the scarcity of the yellow metal, saying discoveries of the precious metal are shrinking Continue...Read More

East Asia's stainless steel import prices were relatively steady over the past week, with trading activity remaining low on soft regional demand, and offers staying unchanged despite declining nickel prices.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm trimmed cold-rolled coil was $2,210-2,300 per tonne cif East Asian ports for the week ended Wednesday July 11, narrowing up...Read More

China's ferrous futures, apart from the hot-rolled coil contract, ended morning trading higher on Thursday July 12 following a steady upward trend since the start of the session.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,956 yuan ($584) per tonne, up 18 yuan per tonne October hot-rolled coil: 4,004 yuan per tonne, unchanged Dalian Commodity Exchange Septemb...Read More

It has been a tough spring and summer for precious metals. Gold failed to breakout when it had the chance and it closed the second quarter in ominous and weak fashion. It was the lowest monthly close in more than a year. Silver has performed better but only because it has not declined to the degree Gold has. The one technical positive for the sector is the positive divergence in the miners. They d...Read More

Mexico's automotive production increased by 0.80% year on year in June 2018, according to figures released by national automotive association Amia on Monday July 9. Output totaled 349,153 vehicles last month, compared with 346,522 vehicles in the same month a year earlier. Sales to the country's domestic market came to 119,713 units in June, down by 6% from the 127,410 units sold in the correspond...Read More

 CloseGain/LossGold $1247.10+$4.90Silver$15.94+$0.14XAU81.11+0.16%HUI174.82+0.17%GDM616.94+0.43%JSE Gold1055.99-16.37USD94.78+0.04Euro116.73-0.02Yen88.89-0.38Oil$70.33-$0.0510-Year2.849%+0.009T-Bond145.34375-0.125Dow24924.89+0.91%Nasdaq7823.92+1.39%S&P2798.29+0.87%  The Metals: Gold gained $6.30 to $1248.50 by midday in New York before it chopped back lower into the close,...Read More

Shortly after gold fell to $1,046 inDecember 2015, I called for a bear market rally that ranged from $1,375 to $1,428.That low mark of $1,375 has been testedthree times since without being able to break above.That’s not a good sign…Gold has been steadily down since thethird test on April 11th. I first warned our Boom & Bust subscribers on June 4th thata break b...Read More

Pattern – a downtrend is clearly in process while the actionsince 2017 looks corrective in nature. I believe this corrective phase stillhas a little more time left before the downtrend resumes. BollingerBands – price has been finding resistance from the middle band but I favourprice to overcome it shortly and head up to the upper band where the next lowerhigh can form. WeeklyChartFibo...Read More

Switzerland has joined a growing list of countries requesting dispute consultations with the United States at the World Trade Organization, regarding US duties on certain imported steel and aluminium products, the WTO said on Thursday July 12."Switzerland claims the US duties of 25% and 10% on imports of steel and aluminium products, respectively, are inconsistent with provisions of the WTO's Gene...Read More

Domestic steel prices in China are picking up strength after news of summer production cuts in the country's steelmaking hub of Tangshan broke.The price increases came after several mills confirmed that they had received official notices from the Chinese government. Prices rose steadily from the afternoon of Wednesday July 11 after a couple of days of uncertainty over whether the cuts would materi...Read More

In yesterday’sanalysis,we discussed how meaningful gold and silver’s pre-market decline was given arelatively small move in the USD Index. The implications were quite bearish forthe PM market, especially that we had just seen a target being reached in goldstocks. And because mining stocks had just underperformed gold for the firsttime in weeks. Yet, before the day was over, the USD, go...Read More

Vietnam is maintaining most of its anti-dumping duties on stainless cold-rolled steel from China, Taiwan, Indonesia and Malaysia until October 2019.Only one producer in Indonesia - PT Jindal Stainless Indonesia - will be subject to a lower tax of 6.64%, compared with 13.03% previously, following a review by Vietnam's Ministry of Industry & Trade, it said last week.Duties imposed on...Read More

The only sales heard in the pig iron export market from the Commonwealth of Independent States (CIS) recently were from the Baltic Sea region, while the Black Sea market was quiet during the week ended Thursday July 12.The low-manganese pig iron from the Baltic ports goes to foundries in Western Europe, which is the key destination for cargoes from this area. These foundries are less affected by u...Read More

 CloseGain/LossGold $1247.10+$4.90Silver$15.94+$0.14XAU81.11+0.16%HUI174.82+0.17%GDM616.94+0.43%JSE Gold1055.99-16.37USD94.78+0.04Euro116.73-0.02Yen88.89-0.38Oil$70.33-$0.0510-Year2.849%+0.009T-Bond145.34375-0.125Dow24924.89+0.91%Nasdaq7823.92+1.39%S&P2798.29+0.87%  The Metals: Gold gained $6.30 to $1248.50 by midday in New York before it chopped back lower into the close,...Read More

By Ira EpsteinMaybe a small bounce, but that might be it.https://iraepstein.com/ Read More

With the exception of aluminium, base metals on the London Metal Exchange staged a modest recovery at the close of trading on Thursday July 12, led by a 2.2% surge in nickel prices, while the market continues to adjust to the escalating trade rift between the US and China."Markets are still waiting for the trade situation to resolve itself; either the escalations continue, or one party or another...Read More

VANCOUVER, British Columbia, July 12, 2018 (GLOBE NEWSWIRE) -- Golden Arrow Resources Corporation (GRG.V) (GAC.F) (GARWF) ("Golden Arrow" or the "Company") is pleased to announce that it has entered into a credit agreement (the "Credit Agreement") dated as of July 6, 2018 with SSR Mining Inc. (SSRM) (SSRM) ("SSR Mining") for a non-revolving term loan (the "Loan") in an aggregate principal amoun...Read More

By David MorganI have something that I think is of paramount importance, and it's a gentleman I met at the Red Pill Expo just a few weeks ago. Kent had something that he passed out on most of the desks around. I picked it up and when I got home, I read it. The title is called "The Decentralized Cryptocurrency Nightmare". That intrigued me because I was a pretty early adopter, and I did not jump...Read More

As part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value to your own...Read More

By Jordan Roy-Byrne CMT, MFTA It has been a tough spring and summer for precious metals. Gold failed to breakout when it had the chance and it closed the second quarter in ominous and weak fashion. It was the lowest monthly close in more than a year. Silver has performed better but only because it has not declined to the degree Gold has. The one technical positive for the sector is the positive...Read More