Indian steelmaker Jindal Steel and Power (JSPL) achieved its highest-ever quarterly production of crude steel in January-March 2018 after a new blast furnace began operating, the firm said on Monday April 9.Steel production at JSPL's Indian production sites came to 1.26 million tonnes over the three-month period, which was an annual rise of 350,000 tonnes compared with 910,000 tonnes in January-Ma...Read More

By Nicholas LePan, GoldSeek.com The town of Oatman, Arizona sits in the middle of region that has a long history of gold mining, having produced ~2 million ounces of gold over its history. Northern Vertex (TSX-V: NEE) is the latest company that has explored, defined a resource, started operations and will be looking for more at its Moss Mine. Goldseek came down for a very special moment in...Read More

Full Article: What happened to the Dow & Gold during the 2002 Tariffs?By: Paul FarrugiaAt the beginning of March, President Trump imposed tariffs on steel and aluminum. This was after imposing tariffs on solar panels and washing machines back in January of this year. The last time there were tariffs imposed on steel imports was in 2002. What was the impact back in 2002 on the Dow Jones Industria...Read More

We were recently asked if theprice of gold is likely to rally because of the increased volatility in stocks. This seems believable at thefirst sight, as gold is seen as a safe-haven asset and thus people could bebuying itwhen the stock market’s movement becomes chaotic, scary and/or unpredictable. So,the stock market’s volatile decline in the recent days is likely to become thecatalyst...Read More

Strengths ? The best performing metal this week was gold, up 0.62 percent. Gold posted its third quarterly gain last quarter, for the longest run since 2011, according to Bloomberg. The weekly Bloomberg survey of trader sentiment showed that most gold traders were neutral this week, while last week they were bearish on the yellow metal. The Perth Mint released sales figures showing...Read More

By Ira EpsteinGold going sideways.https://www.iraepstein.com/ Read More

The United States and China are entrenched in an escalating trade war with tit-for-tat tariffs reaching towards $300 billion annually ($150b on each side). Some believe there is no doubt that the United States would win a trade war. Perhaps this is true, but we have to ask as what expense?China's Nuclear Option in Trade WarThis is because China has a nuclear option that the financial media isn't d...Read More

Source: Jack Chan for Streetwise Reports 04/09/2018 Technical analyst Jack Chan updates the gold and silver charts and finds buy signals for both gold and silver. -->Our proprietary cycle indicator is up.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.Gold sector is on a short-term buy signal....Read More

Import prices for re-rolling-grade hot-rolled coil sold into Vietnam declined over the past week on softer end-user demand.Metal Bulletin's assessment of HRC import prices in Southeast Asia - which mainly looks at Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam - was $600-610 per tonne for the week ended Monday April 9, narrowing downward by $10 per tonne from a week earlier.Mark...Read More

Precious metals expert Michael Ballanger discusses Donald Trump's trade war with China and the implications for the gold market. When I played pro hockey in Richmond, Virgina, it was during the era of "Slapshot!" and the Broad Street Bullies when gooning (fighting) was fashionable and an integral part of the sport. Stocking your team with two-or three enforcers meant that the finesse players could...Read More

Do you want to lend your hard-earned money to the US government? In exchange for the high, high interest rate of 2.8%? It's a most generous deal, even though the Federal Reserve is committed to dollar devaluation at the rate of 2% per annum. So you are getting 0.8% per year, assuming that the Fed hits its goal. In exchange for lending to a profligate and counterfeit borrower-the government has nei...Read More

COLORADO SPRINGS, Colo., April 09, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American:GORO) (the "Company") today announced the northwest expansion of the Arista Mine's Arista vein system with twelve additional step-out and infill drill holes. Intercepts include 2.00 meters of 6.68 grams per tonne (g/t) gold and 864 g/t silver; 2.08 meters of 1.98 g/t gold and 1,583 g/t silver;...Read More

TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12April 9, 2018"Too many people spend money they earned...to buy things they don't want...to impress people that they don't like." Will Rogers "Everybody needs money. That's why they call it money." Danny DeVito (as Mickey Bergman - Heist (2001); writer, David Mamet) With all o...Read More

China's steel futures picked up some gains during morning trading on Monday April 9 while steelmaking raw materials contracts largely softened after a major steel-producing city in north China unveiled restrictions for the next six months.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,356 ($532) per tonne, up 18 yuan per tonne May hot-rolled coil: 3,746 yuan pe...Read More

The driving trends of the past decade are now reversingThe saying "the worm has turned" refers to the moment when the downtrodden have finally had enough, and turn on their powerful oppressors.The worms have finally turned against the privileged elites -- who have benefited so greatly from globalization, corruption, central bank stimulus and the profiteering of state-enforced cartels. It doesn't m...Read More

A Monday Morning Musing from Mickey the Mercenary GeologistContact@MercenaryGeologist.comApril 9, 2018 This is no April Fools' joke, folks: Trump's tweets and threats on trade tariffs are treating us to tremendous turmoil in the financial sector. Some investors are visibly nervous given the recent downturn and a doubling of market volatility. However, let's put some levity on the current situa...Read More

The trade wars are coming to Walmart near you, or are they? Another example of the Art of the Deal. There will never be a trade war. This is just pure posturing. So be merry and buy some electronics, everything will be fine. Remember the cycles create the news, not the opposite. When in doubt, count your Bitcoin, or what's left of it anyway. The only thing to fear is bankruptcy, and even that isn'...Read More

By Frank HolmesStrengths? The best performing metal this week was gold, up 0.62 percent. Gold posted its third quarterly gain last quarter, for the longest run since 2011, according to Bloomberg. The weekly Bloomberg survey of trader sentiment showed that most gold traders were neutral this week, while last week they were bearish on the yellow metal. The Perth Mint released sales...Read More

SHANGHAI, Apr 9 (SMM) – This is a roundup of global macroeconomic news last week and what is expected today.Last weekThe US dollar closed at 90.12 on Friday April 6, up 0.25% over the week. LME metals fell across the board on Friday except for aluminium, which was up over 3% inventory dropped for the first time in over nine months. Copper edged down close to 1%. Zinc and tin fell over 1...Read More

Brazilian imports of long steel products increased by 6.86% year-on-year in March 2018, with higher shipments from Turkey and South Korea.Imports of non-alloyed long steel products amounted to 20,349 tonnes during the month, against 19,043 tonnes in the corresponding period a year earlier, according to figures released...Read More