When an entity needs to borrow ever-greater amounts of money to survive, the markets - that is, the people who are being asked to lend the money - eventually rebel. This rebellion takes the form of rising interest rates as lenders demand a higher return to compensate for the extra risk, and falling credit scores as rating agencies are forced by the markets to face reality.Then one of two things...Read More

The CIS export billet price continued to fall in the week ended Monday April 9, influenced by the drop in Chinese export billet prices as well as a slump in import scrap prices in Turkey.Metal Bulletin's export CIS billet index was $515 per tonne fob Black Sea on April 9, down by $5 week on week.Some CIS producers followed the downward trend in an attempt to win contracts, and decreased their offe...Read More

The next move up for gold might be the real test for the stock market, says one technician.Continue...Read More

By Avi GilburtAs everyone seems glued to their twitter accounts or their news feeds, the market has been both rallying and fading despite all the negative news of these trade wars that are supposedly going to tank our equity market.I mean, its not like we began this correction well before trade wars began in earnest. Right? In fact, does any of this surprise you in any way, especially since the...Read More

SHANGHAI, Apr 9 (SMM) – Traders were actively looking to sell copper in the Shanghai spot market on the morning of Monday April 9. While they offered the red metal at a premium of 60-120 yuan/mt, transactions were mostly concluded at a premium of 70-100 yuan/mt.Standard-quality copper was heard traded at 50,320-50,460 yuan/mt and high-quality copper was at 50,340-50,500 yuan/mt, SMM lea...Read More

RAPAPORT... Initiatives in Art and Culture (IAC) will present itsfirst Responsible Practice in Jewelry Leadership Award to Toby Pomeroy. The award recognizes a member of the jewelry industry who has made a significant contribution to ethical sourcing and responsiblepractices in the trade.  Pomeroy (pictured) is a designer and goldsmith, as well as the founderof an Oregon-based susta...Read More

China's major mills raised their crude steel output rates in mid-March after restrictions on production put in place for the winter heating season in the northern region came to an end.Member mills of the China Iron & Steel Association (Cisa) produced crude steel at an average rate of 1.7872 million tonnes per day during the second 10 days of March, up 55,200 tonnes - or 3.2% - from 1.732 million...Read More

Source: Michael J. Ballanger for Streetwise Reports 04/08/2018 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 y...Read More

PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company will raise A$16.5-million through a share placement to fund further exploration work at the Brooking diamond discovery, in Western Australia.The shares, which will be priced at 23c each, will be placed under the company’s existing placement capacity.AdvertisementLucapa noted on Monday that it has received firm commitments...Read More

Japan’s largest copper smelter Pan Pacific Copper plans to increase its output by 300,000 mt during April to September this year, the company said last Friday.This would be a 15% increase from the same period last year. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email service.en@smm.cnRead More

It produced 124,296 ounces of gold during the January-March period, up 14% year-on-year, with the full-year guidance for 2018 kept at 580,000oz.Read More

RAPAPORT... Pangolin Diamonds has signed an agreement to acquire a minein Botswana, the company said last week.Pangolin has bought a 51% stake in the AK10 diamond asset,located in the Orapa kimberlite field in the Central District. Under the terms of the contract, Pangolin has the option to increase its holding to a maximum of 75%. De Beers discovered the pipe in 1968. It is one of several ki...Read More

- Gold outperforming stocks in 2018 and this century (see chart)- Gold up close to 2% in 2018 while S&P 500 is down 2%- Trump trade wars and Kudlow as Trump chief economic advisor is gold bullish- Given gold's performance, Kudlow's dismissal of gold as "end of the world insurance" is "irrational"- Market volatility could drive gold to $1,500/oz in 2018 - HolmesEditor: Mark O'ByrneAuthored by Fr...Read More

We were recently asked if the price of gold is likely to rally because of the increased volatility in stocks. This seems believable at the first sight, as gold is seen as a safe-haven asset and thus people could be buying it when 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 the catalyst fo...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

It said the funds from a new cornerstone investor and existing shareholders would enable it to immediately launch an extensive follow-up exploration and drilling programme at the 80%-owned Brooking diamond project in Australia's West Kimberley region.Read More

The disappointing thing was that gold and silver were not able to rise after the release of disappointing US March nonfarm numbers. The perception of traders it seems that cyclical factors such as early Easters has resulted in the fall in March jobs numbers and that the US economy will continue to hire over 200,000 jobs from April onwards. The threshold point for US nonfarm payrolls is 160,000....Read More

Market historians have pored over stock charts from the late 1920s, attempting to show that share prices danced closely in step with the political ups and downs of the Smoot Hawley bill as it moved through Congress. The law, which raised tariffs on more than 20,000 imported items, was enacted in June 1930 close enough to the October 1929 Crash to suggest a causal connection. However, because...Read More

SHANGHAI, Apr 9 (SMM) – Spot copper in the Shanghai market was offered at a premium of 70-110 yuan/mt on the morning of Monday April 9, SMM learned. This compared with premiums of 50-80 yuan/mt on the morning of Wednesday April 4. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email service.en@smm...Read More

The Tanzania gold miner has just finished a 1,600m drilling programme at the planned main pit area at Singida, which will be used in an updated mineral resource for the project and to attract an equity partner.Read More