Recent News

Monetary Metals' Weiner refuses to see anything wrong in the gold market

March 13, 2018 / news.goldseek.com

Dear Friend of GATA and Gold:These days there aren't many denials of gold market manipulation by governments and central banks. As the documentation has piled up, most of the former deniers have fallen silent or struck the pose of 321Gold's Bob Moriarty, who these days writes that all markets are manipulated and everyone should just get over it, as if the identity of the manipulators, their capa...Read More

Dow Jones Industrials - Initial Bear Market Target: 16,100

March 13, 2018 / www.gold-eagle.com

If it looks like a duck, and it walks like a duck and quacks like a duck - then its probably a duckThe five charts below show clearly that:The Dow Jones Industrial Average has topped - having broken up in a "last gasp lunge" above a multi decadal upper channel line following the completion of a Bearish "Megaphone" formation.It is currently in the closing stages of completing a Bearish "Diamond" fo...Read More

Asian Metals Market Update: March-13-2018

March 13, 2018 / news.goldseek.com

It seems there are buyers on dips in gold and silver as focus is on global trade wars. The US dollar has not gained significantly despite robust job creation. Today's USA session is very crucial for gold and silver and the US dollar. There can be three percent either side move anytime. Today's close will set up the trend till the FOMC meet next week. Physical buyers as well as gold and silver...Read More

Will Inflation Burst the Everything Bubble?

March 13, 2018 / news.goldseek.com

By Graham Summers The economic data is now beginning to reveal what the bond market has been screaming for weeks: namely that INFLATION. HAS. ARRIVED. In the last 24 hours we've seen:Core inflation rose 2.2% year over year for the month of February.Media one-year inflation expectations rose to 2.83% from 2.71%Wage data rose at an annualized pace of 3% over the last three months.The markets hav...Read More

FOCUS: The rising importance of portside iron ore trading in China

March 13, 2018 / www.metalbulletin.com

Shorter lead times, smaller volumes and less onerous financing arrangements have seen portside iron ore trading grow in popularity over the past three-to-four years. Portside iron ore prices in China have largely remained at a discount to seaborne levels so far this year amid a slowdown in construction activity and high stock levels.According to estimates from a local information provider in China...Read More

Jack Chan's Weekly Precious Metals Update

March 13, 2018 / news.goldseek.com

Source: Jack Chan for Streetwise Reports 03/12/2018 Technical analyst Jack Chan charts recent movements in the gold and silver markets. -->Our proprietary cycle indicator is down.Read More

GULF STEEL BILLET, REBAR: Rebar import prices rise, but demand very sluggish

March 13, 2018 / www.metalbulletin.com

The prices for imported rebar in the United Arab Emirates and Saudi Arabia increased this week with higher offers, but demand for imports was still very low, sources told Metal Bulletin on Tuesday March 13.Demand for locally produced rebar in the UAE, however, remained strong.Domestic rebarThe major rebar producers in the UAE rolled over their prices for March and April production late in February...Read More

Unbiased Gold Analysis of Draghi Dropping the Bias

March 13, 2018 / news.goldseek.com

The ECB dropped its easing bias on Thursday. Monetary hawks are pleased. But doves are holding tight. And what does gold do? Hawks Awaken in Frankfurt...A major change at the European Central Bank! On Thursday, it removed its long-standing pledge to increase bond buys if needed. In January we could read that statement: (...) if the outlook becomes less favourable, or if financial conditions be...Read More

CHINA REBAR: Weak billet, futures cut short domestic recovery

March 13, 2018 / www.metalbulletin.com

China's domestic rebar prices retreated on Tuesday March 13 on losses in the billet and futures markets, after posting a recovery just a day earlier. Domestic Eastern China (Shanghai): 3,790-3,850 yuan ($599-608) per tonne, down 20-30 yuan per tonne Northern China (Beijing): 3,900-3,930 yuan per tonne, down 20-30 yuan per tonne The price of billet fell 40 yuan per tonne late on Monday due to weak...Read More

Follow the Herd With GDX and GLD

March 13, 2018 / news.goldseek.com

By Avi GilburtFor those that follow me regularly, you will know that I have been tracking a set-up for the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX), which I analyze as a proxy for the metals mining market. I also believe that GDX 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 provi...Read More

Southeast Asia billet, slab import prices rise further on low supply

March 13, 2018 / www.metalbulletin.com

Import prices for steel billet in Southeast Asia and slab in the wider region encompassing East Asia continued to strengthen over the past week amid fewer offers and thin trading.BilletMetal Bulletin's assessment of import prices for billet in Southeast Asia was $565-575 per tonne cfr for the week ended Monday March 12, narrowing upward by $5 per tonne from $560-575 per tonne cfr a week earlier.Tr...Read More

Record Low Volatility in Precious Metals and What it Means

March 13, 2018 / news.goldseek.com

By Jordan Roy-Byrne CMT, MFTA The past 18 months have been difficult for precious metals investors. If you had known Donald Trump would be elected and the US Dollar would soon begin a nearly 15% decline, you would have expected Gold to blow past its 2016 high. You would have been shocked to see the gold miners and junior gold stocks trading lower. Gold has fared okay but the gold stocks and Sil...Read More

Crypto Crackdown? - Bitcoin Can't Be Regulated

March 13, 2018 / news.goldseek.com

By Mike Maloney"Wall Street and the financial sector are all trying to figure out 'Well how can we get a piece of these profits?', and the way it is engineered - they can't!"https://goldsilver.com/promo/freebook/ Read More

GLOBAL MANGANESE WRAP: Manganese ore producers boost offer prices against perceived strong end-user demand

March 13, 2018 / www.metalbulletin.com

The manganese ore price-trend outlook was firmly above $8 per dry metric tonne unit (dmtu) on Friday March 9, while producers reckon consumer interest will act as support, though there was a downbeat assessment among consumers. Ore producers say they are sold out through April But Chinese consumers signal otherwise Europe holds, awaits quarterly deals US markets held in rangesMajor manganese ore p...Read More

GLOBAL VANADIUM WRAP: European, US prices surge amid significant supply concerns, outpacing Chinese upward moves

March 13, 2018 / www.metalbulletin.com

The Chinese vanadium market edged upward despite limited trading activity, while the European and US ferro-vanadium markets surged on significant supply concerns. Chinese vanadium suppliers raise offers despite limited activity European market surges on increasingly tight supply US ferro-vanadium market strengthens again, supply squeeze supportsChinese ferro-vanadium export prices continued to tre...Read More

This Technical Indicator Suggests the Price of Silver Is Poised to Rally

March 13, 2018 / moneymorning.com

Peter KrauthFor both silver bulls and bears, the performance of the price of silver over the last year has been frustrating.Over the last 12 months, silver has consistently moved between $15.50 and $18 – a 16% range that has offered little in the way of significant profit potential.However, the days of low returns from the precious metal may soon be behind us.You see, silver is becoming an i...Read More

Hungary's Gold Repatriation Adds To Growing Protest Against US Dollar Hegemony

March 13, 2018 / news.goldseek.com

- Hungarian National Bank (MNB) to repatriate 100,000 ounces gold from Bank of England- Follows trend of Netherlands, Germany, Austria and Belgium each looking to bring gold back to home soil- Hungary one of the smallest gold owners amongst central banks, with just 5 tonnes- Central bank gold purchases continue to be major drivers of gold market- Russian central bank gold reserves now exceed th...Read More

Asian Metals Market Update: March-13-2018

March 13, 2018 / news.goldseek.com

It seems there are buyers on dips in gold and silver as focus is on global trade wars. The US dollar has not gained significantly despite robust job creation. Today's USA session is very crucial for gold and silver and the US dollar. There can be three percent either side move anytime. Today's close will set up the trend till the FOMC meet next week. Physical buyers as well as gold and silver...Read More

These charts show just why copper price fundamentals are so strong

March 13, 2018 / www.mining.com

Image: Codelco via FlickrWhen Richard Adkerson, boss of Freeport-McMoRan, presented to the BMO Capital Markets conference in Florida last month he showed a slide headlined World class copper discoveries are extremely rare.Adkerson said the Phoenix-based company has been putting these graphs in investor slide decks "for years".Only one project – Oyu Tolgoi's underground expansion – will...Read More

Northern Vertex Pours First Gold at Moss Mine, AZ, USA; Arranges US$100 Million Acquisition And Development Funding With Sprott

March 13, 2018 / news.goldseek.com

March 13th, 2018, Vancouver, B.C. - Northern Vertex Mining Corp. (TSX.V: NEE) (OTC Nasdaq Intl.: NHVCF) (the "Company" or "Northern Vertex") is pleased to announce its First Gold Pour at the Moss Mine in NW Arizona, USA, a commitment of up to US$100 Million for Acquisition and Development from its partner Sprott Private Resource Lending LP ("Sprott Lending") and a CAD$2 Million Non-Brokered Expl...Read More

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