The National Association of Realtors is already blaming rising mortgage rates. Pending home sales - an indicator of future home sales, based on Continue...Read More

By RambusI'm going to use this long term weekly chart for the HUI as a proxy for the other PM stock indexes. This chart also shows you why I've remained very cautious on any PM stock rally.What we know for sure is that the HUI rallied strongly out of its January 2016 low to the August 2016 high which was very impressive. At the time it looked like the initial impulse move in a brand new bull mar...Read More

In the third Goldnomics podcast, we consider whether the gold price will reach $10,000 per ounce in the coming years and what factors will drive prices?As the "Everything Bubble" continues to inflate, higher gold prices appear to be on the horizon. Stephen Flood, CEO of GoldCore and Mark O'Byrne, Research Director and world renowned precious metals analyst discuss the outlook for the gold...Read More

The seaborne iron ore market softened on Wednesday February 28 with few bids made in response to the large number of offers, most of them from traders.Key driversChina's benchmark iron ore futures contract retreated for a second day, while spot rebar and hot-rolled coil prices in the country also fell 10-20 yuan ($1.60-3.20) per tonne during the day.With downstream steel demand yet to pick up afte...Read More

The HUI Index just closed below both 2017 and 2018 lows. Continue...Read More

Camino Minerals Corporation ("Camino" or the "Company") (COR: TSX-V) is pleased to announce that it has completed a non-brokered private placement for gross proceeds of $1,516,060 which will be used to fund step out drilling at its Los Chapitos project ("Chapitos"), located in southern Peru, and for general working capital. The non-brokered private placement consisted of 4,331,600 units at a pr...Read More

China's domestic rebar prices withdrew on Wednesday February 28 amid weak demand. Domestic Eastern China (Shanghai): 4,020-4,060 yuan ($637-643) per tonne, down 10 yuan per tonne Northern China (Beijing): 4,100-4,130 yuan per tonne, narrowed downward by 10 yuan per tonne Demand for rebar from the construction sector remained weak due to China's soft housing market, participants said. Since early t...Read More

Today, we're bringing readers the three best junior mining silver stocks to buy in 2018, which all have massive upside.During the last precious metals rally, starting in early 2016 through mid-year, silver gained 46%. However, the Global X Silver Miners ETF (NYSE Arca: SIL) gained 231%. And the ETFMG Prime Junior Silver ETF (NYSE Arca: SILJ) gained a whopping 344%.Still, when most investors think...Read More

Copper futures trading on the Comex market in New York fell for the fourth straight session on Wednesday on fresh doubts about the strength of the economy in top consumer China.Copper for delivery in May slumped 1.8% to a low of $3.1295 a pound ($6,900 a tonne) in early afternoon trade, down more than 5% so far this year.Chinese manufacturing data suffered its biggest fall in five years in Februa...Read More

Brazil-based steel group Gerdau is confident about a recovery in steel demand in the country, mainly from the industrial and automotive industries."We are seeing an increase in demand, especially in the industrial and automotive sectors," chief executive officer Gustavo Werneck said on Wednesday February 28."In construction, there are signs of a gradual recovery, and at a stronger pace than in 201...Read More

RAPAPORT... Rapaporthas signed an agreement to be the official media partner for the Carat+ tradeshow taking place in Antwerp this May. As part of the deal, Rapaport Magazineand its online news site, Diamonds.net, will offer coverage of the show, whilealso promoting the event through print and digital advertising. Carat+, which will run from May 6 to 8 atAntwerp Expo, is being billed as the world...Read More

(IDEX Online) - India's polished exports in January soared by almost 29 percent to $2.08 billion.   Polished exports for the April to January period showed a rise of 4.2 percent to $19.3 billion, according to the figures released by the Gem & Jewellery Export Promotion Council (GJEPC).   The GJEPC said that imports of rough surged by 13.6 percent in January to almost $1.44 billi...Read More

RAPAPORT...Three companies in Nirav Modi's jewelry empire - A.Jaffe, FirestarDiamond, and Fantasy - have filed for bankruptcy in the US, with two of themhoping to find buyers soon.Indian investigators are probing allegations that Modidefrauded Punjab National Bank of $1.8 billion by obtaining unauthorized loans.The total amount could be about $200 million more than that, the lender said inan updat...Read More

China's steel purchasing managers' index (PMI) fell into contraction territory in February after nine months of expansion.The index fell 1.4 points to 49.5 points in comparison with that for January, according to data released by the China Federation of Logistics & Purchasing (CFLP) on Wednesday February 28.Business activity in the steel industry thinned...Read More

RAPAPORT... De Beers' diamond-grading unit will launch two of itseducational courses in Chinese, aiming to tap the important and fast-growingmarket. The International Institute of Diamond Grading &Research (IIDGR) will offer its online Diamond Foundation Course - covering theentire pipeline - in Simplified Chinese from March 1. It will translate itsPolished Diamond Grading Course later this ye...Read More

(IDEX Online) - The International Institute of Diamond Grading & Research (IIDGR), part of De Beers Group, will launch two of its diamond education courses in Simplified Chinese, helping students in one of the largest and fastest growing markets for diamond jewelry to enhance their knowledge of the industry.   The online Diamond Foundation Course, which was launched last year and is the i...Read More

RAPAPORT...Indian companies Dharmanandan Diamonds and Hari Krishna Exportshave adopted blockchain technology to improve traceability of stones throughthe supply chain.Dharmanandan, a Mumbai-based manufacturer, has partneredwith technology company Everledger to place its diamond-tracking data onto ablockchain platform. The collaboration marries two existing projects:Everledger's diamond blockchain,...Read More

Prices for domestic steel wire rod inched upward by ?,?5 per tonne in Southern Europe this week with mills well-booked and supply tight, sources told Metal Bulletin on Wednesday February 28.Metal Bulletin's weekly price assessment for domestic mesh-quality wire rod in Southern Europe widened upward to ?,?535-560 ($658-688) per tonne delivered on Wednesday, compared with ?,?530-555 per tonne delive...Read More

Export prices for Southern Europe-origin rebar have held steady this week with prices remaining too high for customers in Algeria, market sources told Metal Bulletin on Wednesday February 28.Metal Bulletin's weekly export price assessment for Southern European rebar was ?,?480-490 ($590-602) per tonne fob main ports on Wednesday, unchanged week-on-week.Mills in Italy and Spain have seen their lead...Read More

Base metals traded on the London Metal Exchange are mainly weaker this morning, Wednesday February 28, with prices off by an average of 0.4%. Lead prices lead the decline with a 1% drop, followed by copper prices (-0.6%) at $6,989 per tonne. Tin, zinc and nickel prices are off between 0.2% and 0.4%, while aluminium prices are little changed. This follows a day of general weakness on Tuesday that s...Read More