The small contrarian gold-mining sector remains deeply out of favor, universally ignored. Thus the gold stocks are largely drifting listlessly, totally devoid of excitement. But that's the best time to buy low, when few others care. The gold stocks continue to form strong technical bases, paving the way for massive mean-reversion uplegs. And they remain exceedingly cheap relative to gold...Read More

You thought I was done with the Amigos shtick, did you? Not by a long shot ma'am. They are the happy-go-lucky riders in play as the stock bull market churns on. They are the rising SPX/Gold ratio and stocks in general vs. gold (Amigo #1), rising US 10yr & 30yr yields (Amigo #2) and the flattening 10-2 yield curve (Amigo #3). On their current trends these goofy riders have signaled "a-okay!" to cas...Read More

President Trump issued the second pardon of his short presidency Friday to former Navy sailor Kristian Saucier.Continue...Read More

Export prices for Brazil-origin steel slab rose this week while market participants were estimating the consequences of the 25% tariff imposed by the United States following its Section 232 investigation into national security issues on steel imports.Metal Bulletin's weekly assessment of Brazil slab export prices was $560-570 per tonne fob on Friday March 9, up from $540-545 per tonne fob a week e...Read More

In the previous edition of the Market Overview, we explored the fascinating history of bull and bear cycles in both the U.S. dollar and gold. Since then, the idea of cyclicity doesn't lead me to drop off, disrupting my sleep cycles. Let's then dig into the topic. We start with the business cycles, as in the recent Gold News Monitor we wrote that "we are in the late stages of the economic cycle -...Read More

By Hugo Salinas PriceThere is a lot of commentary going around the world, regarding Trump's initiation of a "Trade War" to rebuild America's industries. Trump thinks that tariffs will do the trick, and stop the rest of the world from taking unfair advantage of the US by selling their goods to the US in exchange for lots of US dollars. According to Trump, this nefarious behavior on the part of th...Read More

Mining stocks should be trading a lot higher, given that the companies are performing much better than they used to, said Rick Rule, CEO of Sprott U.S. Holdings.Amir Adnani, Chairman of GoldMining Inc., noted that there is a disconnect between gold prices and gold stocks, citing interest in other base metals as a reason.Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., be...Read More

China's domestic and export prices for rebar continued to trend downward on Friday March 9 amid big losses in the futures market. Domestic Eastern China (Shanghai): 3,800-3,860 yuan ($600-609) per tonne, down 30-40 yuan per tonne Northern China (Beijing): 3,880-3,910 yuan per tonne, down 70-80 yuan per tonne Rebar futures decreased sharply on Friday, which led to sentiment in the spot market deter...Read More

By Gary TanashianYou thought I was done with the Amigos shtick, did you? Not by a long shot ma'am. They are the happy-go-lucky riders in play as the stock bull market churns on. They are the rising SPX/Gold ratio and stocks in general vs. gold (Amigo #1), rising US 10yr & 30yr yields (Amigo #2) and the flattening 10-2 yield curve (Amigo #3). On their current trends these goofy riders have signal...Read More

The base price assessments for flat and long stainless steel products in Europe fell slightly this week, sources told Metal Bulletin on Friday March 9.The reason behind the declines was tough competition with imports from Asia, according to market sources."Offers from Taiwan are at least 10% lower than domestic prices [in Europe]," a trader said. "So if that situation is...Read More

Domestic stainless steel prices in China have fallen further over the past week following losses in the nickel market. Metal Bulletin's assessment of prices for benchmark 304 stainless CRC in the major market of Wuxi was 14,600-15,300 yuan ($2,304-2,415) per tonne including VAT for the week ended Thursday March 8, against 14,700-15,300 yuan per tonne from a week earlier. Nickel prices on the Londo...Read More

- International Women's Day highlights the underreported UK Women's pension crisis- 2.66 million affected by UK government's change to state pension act- Women's pension crisis is one of many in the UK, where there is a ?710bn deficit for prospective retirees- Changes by government highlights the counterparty risks pensions are exposed to- Global problem as pensions gap of developed countries gr...Read More

Export prices for Brazil-origin steel slab rose this week while market participants were estimating the consequences of the 25% tariff imposed by the United States following its Section 232 investigation into national security issues on steel imports.Metal Bulletin's weekly assessment of Brazil slab export prices was $560-570 per tonne fob on Friday March 9, up from $540-545 per tonne fob a week e...Read More

The United States' new blanket tariff on steel imports boosted import prices for containerized scrap in Taiwan this week, leaving market participants in the wider Asia region bracing themselves for the reality of having to pay more for the steelmaking raw material.US President Donald Trump signed off on the 25% tariff on steel imports proposed by the country's Department of Commerce on Thursday Ma...Read More

Japan's Kobe Steel will appoint Mitsugu Yamaguchi as president and chief executive officer (CEO) of the company from April 1, the steelmaker, which also produces aluminium and copper products, announced on Friday March 9.Yamaguchi, who is currently executive vice president of the company, will replace current president and CEO, Hiroya Kawasaki, who has decided step down as of April 1. Kawasaki, al...Read More

Argentina's domestic prices for hot-rolled coil (HRC) and cold-rolled coil (CRC) rose this month because of the increased prices in the global steel markets, sources have told Metal Bulletin.Metal Bulletin's monthly assessment of Argentina's domestic HRC prices went up to $740-745 per tonne ex-works on Friday March 9, from $720-735 per tonne ex-works a month earlier.The price assessment for CRC in...Read More

Export prices for Brazil-origin steel slab rose this week while market participants were estimating the consequences of the 25% tariff imposed by the United States following its Section 232 investigation into national security issues on steel imports.Metal Bulletin's weekly assessment of Brazil slab export prices was $560-570 per tonne fob on Friday March 9, up from $540-545 per tonne fob a week e...Read More

Prices for flat steel goods in Brazil were unchanged in early March, with stable conditions also predicted for next month.Metal Bulletin's monthly price assessment for Brazilian hot-rolled coil (HRC) was steady month on month on Friday March 9 at 2,500-2,600 Reais ($768-799) per tonne ex-works.In the same comparison, Metal Bulletin's monthly price assessment for Brazilian cold-rolled coil...Read More

Prices for ferrous scrap in the major global markets kept rising over the past seven days despite questions over how the new US import tariffs on steel could affect the scrap markets.Good scrap demand has led to higher prices in the import markets of Turkey, India and Taiwan, while US export prices have stayed stable.Turkey importsTurkish steel mills continued to book scrap at higher prices this w...Read More

The latest metal markets news and price moves to start the North American day on Friday March 9.The three-month nickel price on the London Metal Exchange regained $100 per tonne in morning trading, supported by a large cancellation of stocks at LME-listed warehouses. Most other metals were largely unchanged but under pressure.Here's how base metals prices looked at 12:20 London time:Read our live...Read More