China's stainless flat steel exports experienced a sharp year on year increase in February, although they dropped month on month.China exported 243,205 tonnes of stainless flat steel products, up 46,767 tonnes or 23.81% from 196,438 tonnes a year earlier, according to Chinese customs data released on Monday March 26. Last month's volume, however, is down 42,095 tonnes or 14.75% from January's 285,...Read More
CloseGain/LossGold $1352.90+$7.20Silver$16.69+$0.16XAU82.50+1.22%HUI178.97+1.19%GDM626.21+1.46%JSE Gold1129.86-1.40USD89.05-0.40Euro124.54+0.98Yen95.00-0.70Oil$65.55-$0.3310-Year2.846%+0.034T-Bond144.5625-0.15625Dow24202.60+2.84%Nasdaq7220.54+3.26%S&P2658.55+2.72% The Metals: Gold climbed $10.10 to $1355.80 in late morning New York trade before it edged back lower into th...Read More
CloseGain/LossGold $1352.90+$7.20Silver$16.69+$0.16XAU82.50+1.22%HUI178.97+1.19%GDM626.21+1.46%JSE Gold1129.86-1.40USD89.05-0.40Euro124.54+0.98Yen95.00-0.70Oil$65.55-$0.3310-Year2.846%+0.034T-Bond144.5625-0.15625Dow24202.60+2.84%Nasdaq7220.54+3.26%S&P2658.55+2.72% The Metals: Gold climbed $10.10 to $1355.80 in late morning New York trade before it edged back lower into th...Read More
Three weeks ago we called for stocks to revisit the February lows. At that time we were told we were "complete idiots" who were going to miss out on the next major Bull Run.Instead this happened:I don't know about you, but that sure looks like a revisit of the February lows to me.So where does this leave us now?Stocks are probably about to begin a massive bull run. Not because fundamentally things...Read More
Today I revisit a subject that was prominent in the American conscious post-global economic crisis and brought to the forefront by the rare earth element and lithium bubbles from 2009 to 2011:The United States of America depends on imported supplies for most of its industrial metals, minerals, and materials demand.I spoke and wrote extensively about the US of A's dearth of domestic production and...Read More
2018-03-26 07:24 ET - News ReleaseSee News Release (C-DVT) Divestco IncMr. Stephen Popadynetz of Divestco reportsDIVESTCO AND BIRD RIVER RESOURCES ANNOUNCE COGENERATION JOINT VENTURE TO GENERATE LOW-COST ELECTRICITYDivestco Inc. and Bird River Resources Inc. have set up a cogeneration joint venture which will convert natural gas to electricity via a boiler-turbine at an industry low cost of 1.4 ce...Read More
For those that follow me regularly, you will know that I have been tracking a set up for the GLD as a proxy for gold. I believe that the GLD 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 the GLD. While I have gone on record as to why I do not think the GLD is a wise...Read More
By Frank HolmesStrengths? The best performing metal this week was gold, up 2.50 percent. Gold traders are the most bullish they've been since January 26, according to Bloomberg's weekly survey. Gold is headed for its largest gain in five weeks after the Fed projected three interest rate hikes in 2018, easing concern that they would be more aggressive with four rate hikes for the...Read More
COLORADO SPRINGS, CO, March 26, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") declares its monthly instituted dividend of 1/6 of a cent per common share for March 2018 payable on April 23, 2018 to shareholders of record as of April 11, 2018. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexi...Read More
Import prices for re-rolling-grade hot-rolled coil sold into Vietnam continued to trend downward on lower demand caused by fears over a looming trade war between China and United States.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 $600-620 per tonne for the week ended Monday March...Read More
Strengths ? The best performing metal this week was gold, up 2.50 percent. Gold traders are the most bullish they've been since January 26, according to Bloomberg's weekly survey. Gold is headed for its largest gain in five weeks after the Fed projected three interest rate hikes in 2018, easing concern that they would be more aggressive with four rate hikes for the year. The yellow...Read More
Full Article/Video: You Want a Gold Rally? you're Going to Get it.By: Doug CaseyFor gold investors patiently awaiting a gold rally, Doug Casey's right-hand man says the time has come. "This is exactly the time, that something unrelated sets off a gold rally. The charts say it's time and the gold/silver ratio says its time, but it's not going to come from where you think, it's going to come from le...Read More
By Clint SiegnerGold production numbers for 2017 are still being compiled but estimates call for the first annual decline in mine output since 2008.The gold price fell dramatically in the months following the 2011 peak in prices. It has languished at, or near, the cost of production for years. Low gold prices are having a predictable effect on mine output.Many projects with marginal ore deposits...Read More
By Avi Gilburt For those that follow me regularly, you will know that I have been tracking a set up for the GLD as a proxy for gold. I believe that the GLD 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 the GLD. While I have gone on record as to why I do not think t...Read More
Gold update: While I don’t care much for Cycle anomalies (i.e. short of long cycle), I am not going to fight them. Therefore, I am very bullish on Gold given the short ICL that has been left behind but the yellow metal has disappointed before so we still need to be cautious until the next resistance between 1360-1377 is taken out. The next week or 2 are critical, IMO and Gold needs to s...Read More
The threat of a trade war between two of the largest world economies - the United States and China - has dragged down Asian steel prices over the past week.Flat and long steel prices showed big falls on Friday March 23 when end-users' demand for hot-rolled coil, wire rod, ferrous scrap and steel billets practically vanished while buyers waited for further declines.Fears of a trade war between the...Read More
Picture, if you will, a group of slaves owned by a cruel man. Most of them are content, but one says to the others, "I will defy the Master." While his statement would superficially appear to yearn towards freedom, it does not. It betrays that this slave, just like the others, thinks of the man who beats them as their "Master" (note the capital M). This slave does not seek freedom, but merely a sm...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12March 26, 2018 "Facebook gives people an illusory sense of being LIKED." Mokokoma Mokhonoana "We have a responsibility to protect your data" Mark Zuckerberg Maybe it is slightly creepy that an ad for a product you visited keeps popping up on websites you visit. But then d...Read More
By Dave KranzlerIt feels like were at the point in the "correction" cycle in which the mining stocks are reluctantly going lower. I also believe that aggressive hedge funds looking to buy at this level are trying to push the stocks down in early trading in order to induce remaining weak hands to sell in their bids. Tuesday (March 20th) is a perfect example. Several of the stocks I own were hamme...Read More