Prices for domestic hollow steel sections have been stable in Europe so far this week due to summer holidays across Europe causing a typical dip in demand, sources told Metal Bulletin on Wednesday July 11.Metal Bulletin's price assessment for commodity-size, grade-S235 square hollow sections made and delivered in Northern Europe was unchanged for a third week on July 11 at ?,?640-650 ($751-763) pe...Read More
Turkish pipe export prices have continued to weaken in July on poor demand in the major markets because of the Section 232 import tariff in the United States and an EU safeguard investigation, sources said on Wednesday July 11.Metal Bulletin's monthly export price assessment for EN10219-standard, grade-S235 tube, with 2mm wall thickness, was $620-630 per tonne fob on July 11, narrowing downward fr...Read More
Jack Chan charts the latest moves in the gold markets and sees the potential for a new "bull leg."Our proprietary cycle indicator is now up. The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.The gold sector is on a short-term buy signal. Short-term signals can last for days and weeks, an...Read More
CloseGain/LossGold $1242.20-$13.30Silver$15.80-$0.26XAU80.98-3.06%HUI174.53-2.88%GDM613.40-2.55%JSE Gold1072.36-5.43USD94.74+0.60Euro116.75-0.72Yen89.27-0.65Oil$70.38-$3.7310-Year2.840%-0.023T-Bond145.46875+0.46875Dow24700.45-0.88%Nasdaq7716.61-0.55%S&P2774.02-0.71% The Metals: Gold dropped throughout most of world trade and ended near its last-minute low of $1242.00 with...Read More
Argentina's automotive production dropped by 13.40% year-on-year in June 2018, with the sector affected by a national strike and also by protests in neighboring Brazil, according to national automotive association Adefa.Production totaled 39,420 vehicles in June, compared with 45,496 units in the corresponding month last year, Adefa said last week. It was the first monthly decrease of this year in...Read More
Brazilian automotive production increased by 21.10% year on year in June, according to the latest figures released by national automobile association Anfavea. Output reached 256,300 units last month, compared with 211,600 units in June 2017, Anfavea said on Friday July 6. Sales to the domestic market reached 202,000 units, up by 3.60% from the 195,000 vehicles sold in June 2017. Exports declined b...Read More
The Turkish Steel Producers Association (TCUD) has warned that Turkey may become an open market for dumped steel imports unless swift action is taken by the government. Turkey's steel exports fell by 3.90% to 8.14 million tonnes in January-May 2018, while steel imports increased by 18% to 7.5 million tonnes, TCUD said on Wednesday, July 11. The main reason for the decline in Turkey's steel ex...Read More
Prices for rebar produced and delivered in Northern Europe narrowed upward by ?,?15 per tonne over the past week as supplies tightened amid summer maintenance shutdowns at mills, sources told Metal Bulletin on Wednesday July 11.Metal Bulletin's weekly price assessment for domestic rebar in Northern Europe was ?,?550-560 ($645-657) per tonne delivered on Wednesday, up from ?,?535-560 per tonne...Read More
CloseGain/LossGold $1242.20-$13.30Silver$15.80-$0.26XAU80.98-3.06%HUI174.53-2.88%GDM613.40-2.55%JSE Gold1072.36-5.43USD94.74+0.60Euro116.75-0.72Yen89.27-0.65Oil$70.38-$3.7310-Year2.840%-0.023T-Bond145.46875+0.46875Dow24700.45-0.88%Nasdaq7716.61-0.55%S&P2774.02-0.71% The Metals: Gold dropped throughout most of world trade and ended near its last-minute low of $1242.00 with...Read More
By Ira EpsteinThe washout in metals is running hot.https://www.iraepstein.com/ Read More
Source: Maurice Jackson for Streetwise Reports 07/11/2018 Doug Casey, chairman of Casey Research, speaks with Maurice Jackson of Proven and Probable about his investment philosophy, the state of the markets and where he is investing today. -->Maurice Jackson: Today, we have a very special guest joining us to discuss the natural resource space and your portfolio, the legendary investor, phil...Read More
Today's Wall Street Journal contains a couple of charts that illustrate a relationship that's not getting much media attention these days: The fact that tightening labor markets are forcing companies to raise wages, in the process squeezing their own profit margins. Historically this margin compression has been either a cause of or contributor to cyclical turning points in other words it coinc...Read More
By Steve St. AngeloIs the U.S. Government hiding a massive gold deposit in the Chocolate Mountains in California? Well, according to a few top-notch conspiracy theorists, the U.S. Congress passed the Desert Wilderness Protection Act that has cordoned off this vast gold discovery from the public. Unfortunately, we may never know if this mammoth gold deposit exists due to the clandestine natu...Read More
August futures set up such an appealing buying opportunity for bulls Monday that several subscribers jumped on it when a timely 'mechanical' entry strategy was posted in the chat room. Alas, anyone who got long toward the end of the day watched the trade sink precipitously overnight, stopping out the position for a loss of around $600 per contract. As a rule, when a juicy Hidden Pivot trade set-...Read More
TSX Venture Symbol: COROTCQB Symbol: CAMZF Frankfurt: XC01VANCOUVER , July 11, 2018 /CNW/ - Camino Minerals Corporation ("Camino" or the "Company") (COR:TSX-V) wishes to report that it has filed an application with the Peruvian Mines and Energy Ministry and INGEMMET to renounce the title for remaining claims that formed part of the Red Beds Property located in the Department of Cuzco, Peru.The...Read More
In yesterday's analysis, we discussed how meaningful gold and silver's pre-market decline was given a relatively small move in the USD Index. The implications were quite bearish for the PM market, especially that we had just seen a target being reached in gold stocks. And because mining stocks had just underperformed gold for the first time in weeks. Yet, before the day was over, the USD, gold a...Read More
- World Cup weighs nearly 200 ounces (6.17 kilos) and is 18 Karat or 75% pure gold- World Cup's value is just ?140,000 at today's depressed prices- 30% less than England's Harry Kane's weekly wage of ?200,000- World Cup fever takes over England ahead of semi final tonight- World Cup's true value is priceless to players and nationsThe World Cup is worth at today's gold prices a measly ?140,000 (...Read More
Gold can fall first and then rise. Investors will prefer to sit on cash or invest in a safer bond market till a clear picture on the impact of the USA induced trade war is there. Anyways equities offer a much better return than gold in the short term. Risk is much higher in stocks than gold but returns outweigh risk. I again repeat that gold investment is not for a few weeks to a quarter. Gold h...Read More
Italy's industry minister Luigi Di Maio is expecting to see a new proposal from ArcelorMittal about jobs and the environment at Italian steelmaker Ilva, he said at a meeting with trade unions and the steelmaker on July 9. ArcelorMittal originally expected to finalize the acquisition by the end of the second quarter, but in late June the Italian authorities postponed the takeover of Ilva by Arcelor...Read More
CloseGain/LossGold $1242.20-$13.30Silver$15.80-$0.26XAU80.98-3.06%HUI174.53-2.88%GDM613.40-2.55%JSE Gold1072.36-5.43USD94.74+0.60Euro116.75-0.72Yen89.27-0.65Oil$70.38-$3.7310-Year2.840%-0.023T-Bond145.46875+0.46875Dow24700.45-0.88%Nasdaq7716.61-0.55%S&P2774.02-0.71% The Metals: Gold dropped throughout most of world trade and ended near its last-minute low of $1242.00 with...Read More