Bob Moriarty of 321 Gold discusses some basics of resources investing and discusses a company that has released some promising drill results from its Nevada project. I've been working on a new book about investing in junior resource stocks for quite a while now. I haven't actually written anything but I have been aggressively thinking about actually writing. Someday.When I do a book, I'm like a c...Read More
Market activity was focused on downstream silico-manganese and ferro-manganese products in China last week after steel mills put out tenders at higher prices in anticipation of higher-priced trades in the weeks ahead. Semi-carbonate manganese ore cif Tianjin prices unmoved 44% manganese ore cif Tianjin ticks upward Ferro-manganese Chinese free market surges European manganese al...Read More
Key data from the pricing session in the week ended Friday June 29. China Chinese stainless steel mills released higher tender prices for July. Prolonged ferro-chrome smelter shutdowns have continued to tighten the market and boost prices. Imported UG2 chrome ore prices dropped due...Read More
The Chinese domestic ferro-silicon market has bounced in the past week due to a fall in production on a combination of government pollution controls and prohibitively expensive electricity costs; meanwhile, the European market has climbed after third-quarter deliver settlements were agreed above the previous bottom in spot prices. China domestic market bounces due to falling supply amid cuts ...Read More
New tariffs threatened by the United States on imports of cars from Europe could jeopardize as many as 1 million jobs in manufacturing and 3.3 million jobs in the retail sector, according to the European Union.The EU made its comments in documents submitted to the US Department of Commerce as part of that country's continuing Section 232 national security investigation into imports of cars, SUVs,...Read More
CloseGain/LossGold $1240.20-$12.30Silver$15.85-$0.24XAU81.11-0.60%HUI173.49-0.59%GDM615.97-0.77%JSE Gold1060.20+0.44USD94.99+0.42Euro116.22-0.57Yen90.27-0.10Oil$73.94-$0.2110-Year2.864%+0.009T-Bond144.75-0.25Dow24307.18+0.15%Nasdaq7567.69+0.76%S&P2726.71+0.31% The Metals: Gold fell throughout most of trade in New York and ended near its last-minute low of $1239.70 with a...Read More
Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, discuss the fundamentals behind gold and the markets. Gold is the ultimate safe haven, for two simple reasons. First, its total aboveground supply only grows 1.4% per year, no matter what anyone does (and even this rate of increase is starting to fall as production levels have peaked). Second, gold is final settlement for the payment of obl...Read More
Pattern– price has been in a downtrend since the 2011 high and the current priceaction looks corrective in nature. An ABC correction looks to be playing outwith price still to put in a wave C high.BollingerBands – price is back at the middle band and I am looking for support to kickin here. Fibonacci– price is at the 50% angle which looks to be providing some resistance.Ultimatel...Read More
Turkey imported 861,166 tonnes of flat steel in May 2018, up by 12.25% year on year from 696,242 tonnes in May 2016, according to the Turkish Statistical Institute (TUIK).The reason for the increase is strong demand for flat steel in the country in January and February 2018, and most of the orders placed then arriving in the country in May. Turkey also reduced the import duty applied to incom...Read More
Indian steel company Tata Steel and German steel conglomerate ThyssenKrupp have signed a much anticipated definitive agreement to create a 50:50 European joint-venture, the companies said on June 30."With the joint venture we create a highly competitive European steel player - based on a strong industrial logic and strategic rationale. This will help secure jobs and value chains in European c...Read More
CloseGain/LossGold $1240.20-$12.30Silver$15.85-$0.24XAU81.11-0.60%HUI173.49-0.59%GDM615.97-0.77%JSE Gold1060.20+0.44USD94.99+0.42Euro116.22-0.57Yen90.27-0.10Oil$73.94-$0.2110-Year2.864%+0.009T-Bond144.75-0.25Dow24307.18+0.15%Nasdaq7567.69+0.76%S&P2726.71+0.31% The Metals: Gold fell throughout most of trade in New York and ended near its last-minute low of $1239.70 with a...Read More
CloseGain/LossGold $1240.20-$12.30Silver$15.85-$0.24XAU81.11-0.60%HUI173.49-0.59%GDM615.97-0.77%JSE Gold1060.20+0.44USD94.99+0.42Euro116.22-0.57Yen90.27-0.10Oil$73.94-$0.2110-Year2.864%+0.009T-Bond144.75-0.25Dow24307.18+0.15%Nasdaq7567.69+0.76%S&P2726.71+0.31% The Metals: Gold fell throughout most of trade in New York and ended near its last-minute low of $1239.70 with a...Read More
President Trump will soon nominate his second Supreme Court justice. The first, Neil Gorsuch, has so perfectly replaced the late Antonin Scalia that it's safe to assume retiring justice Anthony Kennedy's successor will be in the same mold - which is to say formidable and unapologetically conservative. The result will be a solid conservative majority that's more definite and less flexible on the...Read More
By Clint SiegnerPresident Trump is winning on a number of fronts, and American conservatives are feeling better about their prospects than they have for a very long time.Trump supporters are cheering an imminent shift in the balance at the Supreme Court. The President is expected to nominate a justice who respects the constitution to replace the retiring Anthony Kennedy. This legacy promises to...Read More
By Ricky WenThe last week of June was quite weak as the stock market continued the downward momentum from the 3rd week by grinding down into the major weekly trending support zone around 2700-2720 on the Emini S&P 500 (ES) for the backtest. After Monday's steep sell-off, the rest of the week was mostly consolidation within Monday's range. The main takeaway from the week was that the market made...Read More
By Frank HolmesStrengths? The best performing metal this week was palladium, down just 0.27 percent on a positive recommendation by Morgan Stanley based on deficit market supply. Gold traders and analysts became bearish this week according to the Bloomberg weekly survey as gold fell to its lowest level so far this year.? China's central bank revised the value of i...Read More
By Keith Weiner "On r?siste ? l'invasion des arm?es; on ne r?siste pas ? l'invasion des id?es."These are the actual words written by Victor Hugo in Histoire d'un Crime (History of a Crime). Translated literally, it means an invasion of armies can be resisted; an invasion of ideas cannot be resisted. However, there are many alternative translations that try to express the sentiment, if not the e...Read More
By Ronan Manlyhttps://www.bullionstar.com/With the first half of 2018 now drawn to a close, much of the financial medias' headlines and commentary relating to the gold market has been focusing on the fact that the US dollar gold price has moved lower year-to-date. Specifically, from a US dollar price of $1302.50 at close on 31 December 2017, the price of gold in US dollar terms has slipped by ap...Read More
By Justin SmythEver since breaking below the 30-week moving average in late 2016 gold and gold stocks have been in a sideways trading range unable to resume their uptrend. Gold and gold stocks have had three things working against them during this time frame: weak commodity markets, strong stock markets, and digesting gains from 2016.All three of those headwinds could be evaporating. We've...Read More
As the Reset Begins, Get Goldby James Rickards for Agora Financial's Gold SpeculatorThis may be the most important commentary I've ever written. Here's why.For years, financial analysts have discussed what's called the Global Monetary Reset, or GMR. Expectations of a GMR stem from the fact that monetary policies around the world are unstable and unsustainable.Aftermath: Seven Secrets of Wealth P...Read More