At the end of 2017, there were approximately 1 billion firearms in over 230 countries around the globe, 84.6 percent of which were held by civilians, 13.1 percent by stateContinue...Read More
China's domestic rebar prices moved down further on Monday June 25 following a weakening of the billet and futures markets. Domestic Eastern China (Shanghai): 4,030-4,070 yuan ($619-626) per tonne, down 10 yuan per tonne Northern China (Beijing): 3,870-3,920 yuan per tonne, down 10 yuan per tonne Billet prices dropped sharply over the weekend due to soft demand. Rebar futures also continued last F...Read More
Last Monday, Donald Trump announced that he's establishing a new, sixth branch of the military known as the "Space Force." It sounds like a joke. But Trump's dead seriousContinue...Read More
Last week the United States Supreme Court, in the case of South Dakota v. Wayfair, ruled that the Constitution's Commerce Clause allows state governments to force out-of-state businesses to collect state sales taxes. This decision overturns the court's precedent that a state could require only businesses with a "physical presence" in the state to comply with state tax laws.Unless Congress exercise...Read More
Precious metals expert Michael Ballanger discusses recent activity in the precious metals markets and what it may signify. My last missive was entitled "Gold's Relative Strength Index indicating a bottom is here," and it was dispatched at noon on Thursday but was written that morning after I had tweeted out the following:Michael Ballanger?EUR? @MiningJunkieWith the move in the relative strength t...Read More
Technical analyst Jack Chan charts the latest moves in the gold and silver markets. Our proprietary cycle indicator is 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 sell signal. Short-term signals can last for days and weeks, and are more suitable for tr...Read More
Further staking was completed in the Puno Orogenic Gold Belt in southeastern Peru. Palamina Corp. (PA:TSX.V; PLMNF:OTC.MKTS) recently announced the completion of further staking for the expansion of its five 100%-owned, district-scale gold projects in the Puno Orogenic Gold Belt in southeastern Peru. The company's projects in this area now cover over 77,000 hectares. Of the known orogenic gold be...Read More
Bob Moriarty of 321 Gold explains why he believes a tradable low is near and discusses one micro-cap gold explorer. Investors are utterly irrational in their buying habits. Imagine for a moment if you will, an investor in a nice gold stock watches his shares drop 25%, does he buy or sell?Well, in my experience, the average investor will sell based on nothing more than the fear of losing even more...Read More
The discoveries are located in the area of the world's largest gold rush. Cabral GoldCabral Gold Inc. (CBR:TSX.V; CBGZF:OTC.MKTS) recently announced its first sampling results from two new discoveries, Jerimum North and Jerimum East. In addition, further results of surface rock sampling at the Morro da Lua and Jerimum Cima targets at the Cui? Cui? Project, Par? State, Brazil, were reported."The...Read More
Wells Fargo is again being accused and fined for misconduct, this time because it pushed high-fee financial investments on uneducated mom-and-pop investors.Continue...Read More
Money manager Adrian Day discusses two resource companies in his portfolio that he finds are buys at current levels. Nevsun Resources Ltd. (NSU:TSX; NSU:NYSE.MKT, US$3.31)continues to make progress on advancing the Timok property in Serbia, as well as turning around Bisha in Eritrea. Earlier in the month, Nevsun started construction of the exploration decline, a necessary development for the deve...Read More
"There's no plans to impose investment restrictions on any countries that are interfering in any way with our country. This is not the plan," Continue...Read More
The White House wants to spend $828 million next year to build up military bases in Europe as part of an ongoing strategy to deter Russian aggression and reinforce alliesContinue...Read More
The Chinese domestic ferro-silicon market has dropped further, in line with demand and increased production in northern China, while export prices have held despite weaker demand; meanwhile, the European market has been steady, and market sentiment suggests higher spot prices in the near term. Weaker fundamentals, higher supply in northern China drag down domestic prices Europe third-quarter...Read More
The ascent in ammonium paratungstate (APT) prices paused last week after a few consecutive weeks of increases. Chinese, European APT prices stabilize Low availability continues to support APT prices but fewer inquiries seen European ferro-tungsten edges down amid weak demand Chinese ammonium paratungstate (APT) export market slowed down last week amid fewer inquiries from overseas and...Read More
Miners successfully raised offer prices for manganese ore amid price increases across the supply chain in the week to Friday June 22. Manganese ore prices rise on miners' higher offersAlloy prices jump on tight supplyAlloy prices hold in India, Europe Manganese ore prices rose again on Friday June 22 after high producer offers were snapped up in China amid busy trading. Metal Bulletin's 37%...Read More
CloseGain/LossGold $1265.80-$4.40Silver$16.35-$0.11XAU80.52-1.80%HUI174.14-1.58%GDM612.82-0.83%JSE Gold1061.17-5.41USD94.30-0.25Euro117.02+0.39Yen91.06-0.07Oil$68.08-$0.5010-Year2.875%-0.020T-Bond144.15625+0.1875Dow24252.80-1.33%Nasdaq7532.01-2.09%S&P2717.07-1.37% The Metals: Gold chopped between $1264.50 and $1270.50 in Asia before it drifted back lower in London and New...Read More
For those that follow me regularly, you will know that I have been tracking a set-up for the SPDR Gold Trust ETF (NYSEARCA:GLD), which I analyze as a proxy for the gold market. I also believe that gold can outperform the general equity market once we confirm a long-term break out has begun, and I still think we can see it in occur in 2018. This week, I will provide an update to GLD.While I have go...Read More
The European Commission (EC) needs to wait before making a decision in the safeguard case until trade flow changes become clear because, currently, there is no threat to the EU steel market from imports, Tommaso Sandrini, president of Italian steel distributors' association Assofermet told Metal Bulletin.The EC opened an investigation in late March, in an attempt to prevent steel shipments being r...Read More
Restrictions on sintering and pellet output to reduce pollution in China, along with high mill margins, have led to iron ore pellet premiums rising as mills favour the least-polluting material tomaintain output and meet emissions targets.PelletsMetal Bulletin's 65% Fe Blast Furnace Pellet Index was at $114.48 per tonne for the week ending Friday June 22, up $2.44 per tonne - or 2.2% - from $112.04...Read More