Vancouver, British Columbia - July 10, 2018 (Newsfile Corp.) (Investorideas.com Newswire) CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) ("CanAlaska" or the "Company") is pleased to announce being able to model historical drill data and define a 400 metre long high-grade nickel target within a 1,200 metre long horizon of semi-continuous nickel mineralization, north of the former pro...Read More
July 10, 2018 (Investorideas.com Newswire) 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 sign...Read More
July 10, 2018 (Investorideas.com Newswire) In a period of economic uncertainty exacerbated by threats of a trade war, Samuel Pelaez, chief investment officer and portfolio manager with Galileo Global Equity Advisors, delves beyond the headlines to discuss the factors that are influencing gold, oil and other commodities, and why he believes we are on the cusp of a once-in-a-lifetime opportunity in...Read More
China's domestic hot-rolled coil prices continued to rise on Tuesday July 10 on supply concerns in the country's steelmaking hub of Tangshan in the northern region.DomesticEastern China (Shanghai): 4,230-4,250 yuan ($639-642) per tonne, up 30 yuan per tonneNorthern China (Tianjin): 4,110-4,120 yuan per tonne, narrowing upward 10 yuan per tonneHRC prices rose following the circulation of a document...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: rebarRebarOman, export, rebar, offered at $615-620 per tonne cfr, theoretical weight,...Read More
Waving the White FlagThe price of gold rose two bucks last week, though the price of silver fell 10 cents. We have seen several analyses recently predicting big price drops, in one case by at least $500 in gold by the end of the year.Is this what capitulation looks like? It's said they don't ring a bell at the top, but they don't ring a bell at the bottom either. The give-up moment arrives... [PT...Read More
A Beginning Shift in Gold FundamentalsA previously outright bearish fundamental backdrop for gold has recently become slightly more favorable. Ironically, the arrival of this somewhat more favorable situation was greeted by a pullback in physical demand and a decline in the gold price, after both had defied bearish fundamentals for many months by remaining stubbornly firm. The eternal popularity...Read More
India's JSW Steel increased its crude steel production by 5% in April-June this year, producing 4.11 million tonnes, up from3.91 million tonnes in the same period in 2017.The company also produced 2.87 million tonnes of flat rolled products in the second quarter - which is the company's fiscal first quarter for 2018-2019 - a 4% year-on-year increase compared with the same quarter in 2017...Read More
The global pig iron market was quiet in June with purchasing activity being low in the United States, where buyers booked large volumes in May."When the largest consumer postpones bookings, it brings uncertainty to the market," one trader told Metal Bulletin. "Everyone waits until the trend-setter shows where the market will turn."United StatesBuyers in the US consume more than 50% of the pig iron...Read More
Turkish steel producers have resumed their deep-sea purchases of scrap for delivery in August following a downturn in prices, sources said on Tuesday July 10.Four deep-sea cargoes were heard traded on Tuesday, three of which were sold out of the United States, Metal Bulletin was told.A steel mill in the Izmir region booked a US cargo, comprising 32,000 tonnes of HMS 1&2 (80:20) at $348 per tonne,...Read More
CloseGain/LossGold $1255.50-$2.70Silver$16.06-$0.05XAU83.54+0.31%HUI179.70+0.49%GDM629.57-0.03%JSE Gold1077.79+1.72USD94.14+0.04Euro117.47UNCHYen89.92-0.34Oil$74.11+$0.2610-Year2.863%+0.002T-Bond145.0625-0.0625Dow24919.66+0.58%Nasdaq7759.20+0.04%S&P2793.84+0.35% The Metals: Gold fell $10.80 to $1247.40 in London before it bounced back higher in New York, but it still ende...Read More
The physical iron ore market stayed rangebound while steel prices rose on Tuesday July 10 amid more concerns over potential restrictions on blast furnaces in China's steelmaking hub.Metal Bulletin 62% Fe Iron Ore Index: $63.91 per tonne cfr Qingdao, down $0.01 per tonneMetal Bulletin 62% Fe Pilbara Blend fines Index: $62.82 per tonne cfr Qingdao, up $0.21 per tonneMetal Bulletin 58% Fe Premium Ind...Read More
By Ira EpsteinGold continue to drift lower with no story to prop it up.https://www.iraepstein.com/ Read More
China's domestic rebar prices experienced a sharp rebound on Tuesday July 10 amid anticipation of production cuts in the country's steelmaking hub of Tangshan in the northern region.Domestic Eastern China (Shanghai): 4,000-4,050 yuan ($604-612) per tonne, up 60-70 yuan per tonne Northern China (Beijing): 3,940-3,990 yuan per tonne, up 70-80 yuan per tonne A document is being spread around in the s...Read More
By Ed Steer10 July 2018 -- TuesdayYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price began to head quietly but unevenly higher as soon as trading began at 6:00 p.m. EDT in New York on Sunday evening. That rally lasted until shortly after 12:30 p.m. BST in London on their Monday afternoon -- and as soon as COMEX trading began, a dollar index 'rally' commenced almost at the same mom...Read More
By Craig HemkeThe evidence is mounting, and we invite you to consider the implications. First, a few items of background information. Perhaps these are unrelated, perhaps they are not. In 2013, a major Chinese conglomerate called Fosun International purchased One Chase Manhattan Plaza from JP Morgan: https://money.cnn.com/2013/10/18/news/china-jpmorg... Why would this be significant? Because it'...Read More
By Dave KranzlerThe economy is melting down - the only support for the Propaganda Narrative of a "booming economy" is a rising stock market. Without a doubt Trump has ordered the Working Group on Financial Markets - AKA "the Plunge Protection Team" - to push stocks higher for now so insiders can unload.The huge jump in credit card debt reported yesterday by the Fed was received as "good news"...Read More
Miles Franklin sponsored this article.Sometimes details obscure the bigger picture. The following graphs do not show most of the details and "noise." These log-scale graphs show one bar every four years (plus April 2018) based on official debt on July 1st, or the average of monthly closes every fourth year for M3, stock indices, houses and commodities.#1: The official national debt of the United...Read More
Graceland Updates By Stewart Thomson 1. For thousands of years, alchemists have dreamed of creating gold out of thin air. Arguably, today's alchemists are gold analysts obsessed with calling "market tops and bottoms". 2. The relentless search for this holy market grail doesn't build retained gold market wealth. That's because gold is simply an asset that is either on sale or n...Read More
By Clint SiegnerLots of bullion investors wonder if the metal they hold might one day be needed for barter and trade. They bought gold and silver, at least in part, as a form of insurance. It just might come in handy in an extreme circumstance such as a currency crisis of the sort Venezuelans are grappling with right now.However, a hyper-inflationary collapse in the dollar isn't the only dire sc...Read More