- Dow set to drop 300 points at open after Trump tweet today- Stocks see sell off and gold pops to test resistance at $1,350/oz- US stock futures suggest over 1% losses at New York open- Oil surged to a two-week high and has surged nearly 7% this week- U.S. bombing Syria may provoke escalation of conflict with Russia and wider conflict in volatile Middle EastPresident Donald Trump warned Russia...Read More
The comments above & below is an edited and abridged synopsis of an article by Alasdair MacleodWe have been here before-twice. The first time was in the late 1920s, which led to the dollar's devaluation in 1934. And the second time was 1966/1968, which led to the collapse of the Bretton Woods System. Even though gold is now officially excluded from the monetary system, it does not save the dollar...Read More
Turkish pipe export prices have gone down slightly this month, in line with weak demand for such products and falling costs for pipe-making raw materials, sources said on Wednesday April 11.Metal Bulletin's monthly price assessment for EN10219-standard, grade-S235 tube, with 2mm wall thickness, was $675-685 per tonne fob on April 11, down from last month's...Read More
CloseGain/LossGold $1351.10+$10.40Silver$16.66+$0.08XAU83.69+2.14%HUI182.93+3.23%GDM635.47+2.36%JSE Gold1118.09+28.31USD89.56-0.06Euro123.64+0.07Yen93.61+0.37Oil$66.82+$1.3110-Year2.780%-0.013T-Bond146.28125+0.34375Dow24189.45-0.90%Nasdaq7069.03-0.36%S&P2642.19-0.55% The Metals: Gold gained $24.40 to as high as $1365.10 in late morning New York trade before it fell back u...Read More
CloseGain/LossGold $1351.10+$10.40Silver$16.66+$0.08XAU83.69+2.14%HUI182.93+3.23%GDM635.47+2.36%JSE Gold1118.09+28.31USD89.56-0.06Euro123.64+0.07Yen93.61+0.37Oil$66.82+$1.3110-Year2.780%-0.013T-Bond146.28125+0.34375Dow24189.45-0.90%Nasdaq7069.03-0.36%S&P2642.19-0.55% The Metals: Gold gained $24.40 to as high as $1365.10 in late morning New York trade before it fell back u...Read More
News just came out about how Facebook sent a doctor on a secret mission to ask hospitals to share patient data, according to CNBC. The Resident breaks it down. Read More
The comments above & below is an edited and abridged synopsis of an article by Egon von GreyerzThe world is rotten to the core; it is built on debt that will never be repaid, and that is artificially supporting hundreds of trillions of dollars' worth of assets (quadrillions, including derivatives). The US economy is now so indebted that it needs to fight the whole world in all kinds of different w...Read More
European mills producing hollow sections are unhappy with current pricing and intend to issue higher offer prices over the next few weeks, market sources told Metal Bulletin on Wednesday April 11."The development of tube prices does not match that of flat steel," one Southern European producer said."None of the pipemakers are happy with the current situation. They're all confronted with higher coi...Read More
Full Article: Big Move Coming In MetalsBy: Todd Bubba HorwitzThe metals continue to trade in a range and now that range is narrowing, indicating a big move is on the horizon. The only question is which way - just like Elmer Fudd in the Bugs Bunny cartoons, which way did he go?Congestion is the toughest pattern to read because the markets continue to make a series of double tops and double bottoms...Read More
Just when everyone was getting used to gold sitting around and doing nothing while tech stocks provided non-stop thrills and chills, the metal took off this morning on the "news" (read "Tweet") that Trump is aiming some cruise missiles at Syria. Now the $1,360 resistance level that has been an absolute brick wall since 2014 is looming once again, and gold-bugs are - once again - wondering where...Read More
Rep Billy Long questions Mark Zuckerberg about censoring Diamond and Silk's Facebook page.Read More
As the world moves towards a sustainable future, the demand for electrical vehicles (EV) keeps growing by the day. Governmental agencies offer tax credits and rebates in an effort to incentivize EV sales and to reduce people's dependency on fossil fuel based vehicles. This has resulted in a significant increase in the demand for EV batteries as well.A report from Research and Markets states that b...Read More
Prices for domestic steel beams picked up slightly in Northern Europe this week following three consecutive weeks of falls, although market activity remained low, sources told Metal Bulletin on Wednesday April 11.Metal Bulletin's price assessment for S235-grade, 200x200mm category-2 H-beams made in Northern Europe edged up to ?,?600-620 ($740-765) per tonne delivered on Wednesday April 11, compare...Read More
By Ira EpsteinGold rallies on threat of strike against Syria.https://www.iraepstein.com/ Read More
Domestic prices for mesh-quality wire rod produced and delivered in Europe went unchanged this week, with demand at mills remaining healthy, sources said on Wednesday April 11.Metal Bulletin's weekly price assessment for domestic mesh-quality wire rod in Northern Europe was unchanged on Wednesday at ?,?550-560 ($679-691) per tonne delivered.One European mill intends to raise prices for all...Read More
Cranbrook, B.C., April 11th, 2018: Eagle Plains Resources Ltd. (TSX-V: "EPL") (the "Company") announces that it has received formal approval from the Court of Queen's Bench of Alberta - the final step in completing the spin-out of Taiga Gold Corp. Shareholders of Record on April 12th, 2018 will receive one share of Taiga for each two shares of Eagle Plains. Shareholders voted overwhelmingly in f...Read More
By Steve St. AngeloAs the U.S. and global economy speed towards the Seneca Cliff, very few individuals understand the fragile nature of currencies. Today, we use the lightning speed of the digital banking system to make our purchases at the store or online. It has become seemingly natural to buy groceries at the swipe of a card. Only a small percentage of purchases are made with cash... pa...Read More
Turkish steel mills resumed their deep-sea scrap purchases on Wednesday April 11, with slightly lower prices from Baltic Sea suppliers.A steel producer in the Izmir region booked a Baltic Sea cargo, comprising HMS 1&2 (80:20) at $352 per tonne and bonus at $362 per tonne cfr on Wednesday.The supplier said that they are still discussing the tonnages with the mill, but the cargo was scheduled for th...Read More
- Dow set to drop 300 points at open after Trump tweet today- Stocks see sell off and gold pops to test resistance at $1,350/oz- US stock futures suggest over 1% losses at New York open- Oil surged to a two-week high and has surged nearly 7% this week- U.S. bombing Syria may provoke escalation of conflict with Russia and wider conflict in volatile Middle EastPresident Donald Trump warned Russia...Read More
Physical iron ore prices softened on Wednesday April 11 amid a retreating futures market in China.Metal Bulletin 62% Fe Iron Ore Index: $64.79 per tonne cfr Qingdao, down by $0.51 per tonneMetal Bulletin 58% Fe Premium Index: $52.51 per tonne cfr Qingdao, down by $0.24 per tonneMetal Bulletin 65% Fe Iron Ore Index: $81.70 per tonne cfr Qingdao, down by $1 per tonneMetal Bulletin 62% Fe China Port...Read More