BullionBuzz Chart of the WeekMajor market events have occurred on average every 6.5 yearsSource: measuringwealth.com; BMG Group Inc.Read More

The comments below are an edited and abridged synopsis of an article by John MauldinIn describing the global debt train wreck, Mauldin thinks that many of us define debt too narrowly.A debt occurs when you receive something now in exchange for a promise to give something back later. It doesn't have to be cash. If you borrow your neighbor's lawn mower and promise to return it next Tuesday, that's...Read More

The comments below are an edited and abridged synopsis of an article by Patti DommInvestors bailed out of US stocks at a near-record pace last week, as money flowing into Treasury bills surged to a 10-year high.Outflows from stock funds and ETFs totaled $24.2 billion, the third-highest ever. The $30 billion that came out of global stock funds was the second-highest ever and the largest since the f...Read More

The comments below are an edited and abridged synopsis of an article by John HussmanExperimental monetary policy and subdued growth in wages following the global financial crisis has contributed to a dysfunctional equilibrium with massive increases in debt burdens at government, household and corporate levels.Minimal savings and growing consumer debt have contributed to elevated profit margins tha...Read More

The comments below are an edited and abridged synopsis of an article by Ronan ManleyMuch of the recent commentary on gold has been focused on the fact that the (US dollar) gold price has moved lower. Gold has fallen approximately 3.8% over the last 6 months to around $1,250, a drop of $50.Since gold (or rather, synthetic gold and derivatives) is traded in US dollars, and since much of the financia...Read More

The comments below are an edited and abridged synopsis of an article by Rudi Fronk & Jim AnthonyGold is the ultimate safe haven for 2 simple reasons: its total above ground supply only grows 1.4% per year, and gold is final settlement for the payment of obligations. It is universally accepted, in physical form, and doesn't need to be translated into someone else's currency.Markets are not interest...Read More

The comments below are an edited and abridged synopsis of an article by Ruben SprichSwitzerland is betting on physical gold. Its pension fund has boosted bullion investment, switching from US-dollar-backed paper securities."The Swiss government pension system decided to change from paper gold in the amount of 700 million CHF into physical gold and store it in Switzerland. The 700 million only stan...Read More

The Supreme Court's decision to allow every state to tax the internet is complete insanity. Sources in Illinois are warning that the state is bankrupt Continue...Read More

Prices for domestic hollow steel sections have remained stable in Europe this week while customers consider last week's announcement by mills of imminent increases of ?,?20 ($23) per tonne, sources told Metal Bulletin on Wednesday July 4.Metal Bulletin's price assessment for commodity-size, grade-S235 square hollow sections made and delivered in Northern Europe remained unchanged week-on-week on J...Read More

Despite its lack of bullish fundamentals and the poor price action, Gold is now technically oversold and has reached strong support with sentiment approaching potentially extreme levels. The conditions are in place for a rally. That being said, bearish sentiment by itself is not enough to push Gold beyond a relief rally.While the combination of the net speculative position (CoT) and daily sentimen...Read More

Iron ore export volumes from Brazil increased by 4.51% year on year in June, along with higher fob prices. The country exported 35.31 million tonnes of iron ore last month, compared with 33.79 million tonnes in June 2017 according to figures released by the country's foreign trade ministry, MDIC, on Tuesday July 3. Over the same...Read More

Zinc prices on the London Metal Exchange fell by more than 3% at the close of trading on Wednesday July 4, with the absence of US trading expediting a broad downtick in metals prices. The continuation of growing trade concerns has facilitated market inactivity, and in turn, a broad decline in the complex, while a pullback in global equity markets and a fall in the Chinese yuan has added to bearish...Read More

Domestic prices for mesh-quality wire rod produced and delivered in Southern Europe have risen by ?,?5-10 per tonne over the past week amid supply concerns ahead of an expected preliminary decision in an EU import safeguard case, sources said on Wednesday July 4.Metal Bulletin's weekly domestic price assessment for mesh-quality wire rod in Southern Europe was ?,?530-540 ($617-629) per tonne delive...Read More

Jonathan Berchole has joined BNP Paribas to develop a physical metals trading book and help expand the bank's existing financing business, Metal Bulletin learned on Wednesday July 4. Berchole joined the bank in London this month as head of physical trading, having left Mercuria Energy...Read More

VANCOUVER, BRITISH COLUMBIA / July 4, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to announce that diamond drilling has commenced at its Koot silicon project ("Koot") north of Cranbrook, BC. and proximate to the Company's Driftwood Creek magnesium project. Preparations are also underway to commence a drill program on the Wonah silicon project...Read More

Prices for hot rolled coil (HRC) in the EU have been largely stable over the past week with buyers holding back from deals, sources told Metal Bulletin on Wednesday July 4.The market was expected to remain in wait-and-see mode until the announcement of a preliminary decision in a regional safeguard investigation.The European Commission opened an investigation into 26 steel products in late March,...Read More

Full Article: A Massive Windfall for China's Fast-Growing Tech Giants By: Frank HolmesStop buying Iranian oil or face the music.That's the message the U.S. government shared with the world last week, giving importers until November 4 to cut their consumption of Iran's crude to zero-or expect sanctions. The threat comes a month after President Donald Trump withdrew the U.S. from the Obama-era nu...Read More

The latest metal markets news and price moves for the start of the North American day on Wednesday July 4. Base metals prices on the London Metal Exchange were mostly lower during morning trading following a poor morning session in SHFE trading and growing concerns of global trade tensions. The three-month copper price reached an intraday low of $6,423 per tonne - around its nine-month low - and c...Read More

Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Wednesday July 4.Base metals prices on the Shanghai Futures Exchange were broadly down during Asian morning trading on Wednesday, with copper prices sliding to a near two-month low amid weakness in the yuan versus the dollar and an uptick in trade tensions between the United States and China.C...Read More

SHANGHAI, Jul 4 (SMM) – Manganese prices soared in the second quarter of 2018 as domestic supplies shrank and as production recovered slower than expected on environmental concerns, SMM believed.In negotiations as of Wednesday July 4, spot prices surged to 17,000 yuan/mt ex-works in cash, SMM learned. SMM assessed manganese in major Chinese markets at 16,400-16,600 yuan/mt ex-works...Read More