"designed to respect the rights of responsible gun owners while helping keep firearms out of the wrong hands,"Continue...Read More
His hand didn't shake. Powell hiked interest rates at the first FOMC meeting with him as the Chair. But the key factor for the gold market is what he signaled about the future path of the federal funds rate. The crucial word is "three", not "four". Another Meeting, Another HikeIn line with expectations, the FOMC acknowledged the improved economic outlook and raised interest rates again. The key...Read More
"one can obtain 42 kilograms of silver and 1.8 kilograms of gold by dismantling the nine ICBMs"by Rory Hall of The Daily CoinMost of the precious metals community understands the importance of gold and silver for military use. This aspect of the precious metals has actually been one of the more realistic concerns I have held for a number of years. When the USGS stated a few years ago that silve...Read More
Domestic prices for hot-dipped galvanized coil (HDG) in the European Union were largely unchanged this week, sources told Metal Bulletin.The situation in the HDG segment follows a similar trend seen in the hot-rolled coil (HRC) and cold-rolled coil (CRC) markets - prices were stable with buyers holding back from concluding any new deals until market direction becomes clearer, according to...Read More
By Rory HallMost of the precious metals community understands the importance of gold and silver for military use. This aspect of the precious metals has actually been one of the more realistic concerns I have held for a number of years. When the USGS stated a few years ago that silver could be the first element on the periodic table to go extinct that should get the silver bugs attention for a v...Read More
The temporary exemption granted to EU countries from steel import tariffs in the United States is a "cause for optimism" but action should be taken to avoid a glut of imports from countries which will be affected by the measures, industry group UK Steel said on Thursday March 22.United States Trade Representative Robert Lighthizer confirmed on Thursday that import tariffs for steel and aluminium f...Read More
VANCOUVER, B.C., March 22, 2018 (GLOBE NEWSWIRE) -- Golden Arrow Resources Corporation (GRG.V) (GAC.F) (GARWF), ("Golden Arrow" or the "Company") is pleased to announce that the Company has commenced the first diamond drill program at the Antofalla silver-gold-base metal project in Catamarca Province, Argentina. The program is planned to include up to 3,000 metres of drilling on multiple target...Read More
The Turkish long steel export market has remained sluggish because of the uncertainty created by the Section 232 tariffs imposed by the United States, and prices have started to fall, sources said on Thursday March 22.Turkish steel producers have reduced their rebar export offers to $595-605 per tonne fob on an actual weight basis, while demand for such material was significantly low.Sources belie...Read More
- Gold gained 1.8% and silver 2.5% to $1,333/oz and $16.60/oz yesterday- Gold climbs as Fed increases interest rates by 0.25% - now 1.5% to 1.75% range- Dovish Fed Chair Powell plans fewer than expected rate hikes in 2018- Markets disappointed at lack of hawkish comments from new Fed Chair - Dollar LIBOR rises to highest level since November 2008 - $200 trillion worth of dollar-denominated fi...Read More
Falling billet prices and weakening demand over Section 232 uncertainty sent Turkish domestic long steel prices down over the past week, sources said on Thursday March 22.Metal Bulletin's weekly price assessment for domestic rebar was $610-625 per tonne ex-works, down from the last week's $615-625 per tonne. The domestic rebar price in the Istanbul region was $625-630 per tonne, and $610-615...Read More
The results for the first 29 holes of its extended 55-hole infill drilling programme at New Liberty in Liberia have shown that some of the inferred resources - 275,000 ounces, in fact - could move into the higher confidence categories in the future. The assays that showed promise include a 26m interval grading 8.49g/t Au from 176m, a 42m intercept at 3.17g/t Au from 255m and a 24m hit a...Read More
SHANGHAI, Mar 22 (SMM) – Nonferrous metals futures registered gains for the most part on Thursday March 22 except for SHFE nickel which closed slightly lower. SHFE lead gained 3%, zinc rose 1.6% and copper climbed close to 1%.The ferrous complex was weaker as iron ore saw a narrower rise of 1%. Coke edged up but coking coal fell close to 2%. Hot-rolled coil dipped almost 1% an...Read More
Exporters of CIS-origin pig iron have been focusing on the market in the United States, where demand is higher and prices are expected to rise, unlike in the Italian market where prices have reached a peak, sources told Metal Bulletin this week.Metal Bulletin's export price assessment on Thursday March 22 for high-manganese pig iron from the CIS region widened to $370-395 per tonne fob Black Sea,...Read More
Donnelly's place on the board has been taken by Swinoga, who replaced Chris Osterman in January.Donnelly has been in the job since January 2015, when First Mining Financial (as it was known at the time) first came to being through a reverse listing.Osterman accepted the COO job when Swinoga arrived.First Mining chairman Keith Neumeyer thanked Donnelly for his work over the past three years.Wh...Read More
SHANGHAI, Mar 22 (SMM) – China's aluminium industry is likely to take a greater hit than the steel industry as a result of the US' recent tariffs on steel and aluminium imports, said director and top economist at the Rushi Advanced Institute of Finance, Guan Qingyou.Chinese aluminium accounted for 16.6% of US aluminium imports while Chinese steel account...Read More
The Turkish deep-sea scrap import market had another quiet day on Thursday March 22, with the country's steel mills absent from trading for a second week, sources said.There has been no significant trading since the mills in the Middle Eastern country stepped back from the deep-sea scrap markets on March 9, when the United States applied a 25% duty on imports of steel products following its Sectio...Read More
The Pyrenees-focused developer Apollo is working on reopening the Salau tungsten mine and exploiting the gold deposits within and around the old underground workings.Read More
The physical iron ore market did not see too much activity on Thursday March 22 despite more blast furnaces in north China being allowed to return to production.Key driversSteelmakers in north China's steelmaking hub of Tangshan can now operate according to their off-peak production plans now that the winter heating season is over, subject to them meeting their prescribed emissions standards, acco...Read More
Market quiet after positive first quarter. Indian manufacturersfacing liquidity squeeze as banks tighten credit after $2B Nirav Modi-Gitanjalifraud. Dealers still optimistic, with good US and China orders. Largeindependent jewelers doing better than majors as Signet and Tiffany announceturnaround strategies. Tiffany 4Q sales +9% to $1.3B, disappointing profit -61%to $62M. Smaller and shorter Basel...Read More