Graceland Updates By Stewart Thomson 1. For the past fifteen months or so, gold has repeatedly been turned back by immense technical resistance in the $1370 area.2. Please click here now. Double-click to enlarge this daily gold chart. 3. There have been three clear attempts to push through the $1370 area since November of 2016. The first two failed miserably, but the cur...Read More

Precious metals expert David Morgan tells us based on the level of base money and the amount of gold held by the U.S. Treasury, gold is headed to $10,000/oz. If silver reverts to its historic price ratio to gold, that would mean over $500 silver.Morgan also points out how an economic crisis could impact the silver supply. 75 percent of silver is mined as a byproduct of base metal mines. If the eco...Read More

By Gordon LongSLIDE 5Going into last year we were tracking close to 33 Tipping Points. We thought 33 to be high, but somewhat expected the overall number to fall off going into 2018, with fewer but those ones likely being more elevated.What we have identified however going into 2018 are 44 Tipping Points with 11 categorized as "High Risk". High Risk has traditionally been approximately 5-7 in...Read More

Local and imported rebar prices in the United Arab Emirates and Saudi Arabia remained unchanged this week although the price of billet imports into the UAE increased, sources told Metal Bulletin on Tuesday February 27.Demand for locally produced rebar in the UAE was still strong.Domestic rebarThe major rebar producers in the UAE rolled over their prices for March and April production last week.The...Read More

Gold was well bid during the equity correction but it could not breakout then and has retreated as equities have roared backContinue...Read More

- New Asian gold trading corridor could boost demand for 1 kg gold bars- Should increase turnover for yuan-denominated gold coins and bars - President- Secure supplies of physical gold from Middle East and Asia for China- China positioning itself as leading gold trading and owning nationby Karen Yeung in the SCMPThe Chinese Gold & Silver Exchange Society (CGSE), Hong Kong's gold exchange, is...Read More

China's domestic rebar prices held steady on Tuesday February 27 amid sparse trading, while export prices continued to post strong gains on mills' bullish outlook for the domestic market. Domestic Eastern China (Shanghai): 4,030-4,070 yuan ($638-644) per tonne, unchanged Northern China (Beijing): 4,100-4,140 yuan per tonne, unchanged Trading activity slowed down on Tuesday after Monday's price sur...Read More

Import prices for steel billet in Southeast Asia edged up over the past week while those for slab in the wider region including East Asia experienced sharp gains amid limited offers.Metal Bulletin's assessment of import prices for billet in Southeast Asia was $540-555 per tonne cfr for the week ended Monday February 26, up $5 per tonne from a week earlier.Prices increased after trading activity pi...Read More

Peter KrauthSilver prices this week are rallying back after hitting a stumbling block last week, despite what Wall Street wants you to believe…Both the U.S Dollar Index (DXY) and 10-year Treasury yield rose and created significant resistance for silver prices.The dollar has been buoyed by a hawkish Federal Reserve, whose members commented that economic growth could accelerate faster than pre...Read More

The Chinese vanadium market remained sluggish after the Lunar New Year holiday came to an end last week, but the European and US markets continued to strengthen amid supply concerns. China market sluggish after holiday, prices steady Tightness in European market bolsters prices once again US market continues to strengthen on thin supplyChinese vanadium participants were slow in returning to the ma...Read More

Platinum group metals were the hardest hit on generally weak precious metals markets Tuesday after a German court ruled that cities in Europe's largest economy and world's fourth largest automaker have the right to ban diesel cars.The price of platinum were back in triple digit territory on New York futures markets on Wednesday falling 2% to a low of $983 an ounce. Palladium was also weaker at $1,...Read More

SHANGHAI, Feb 27 (SMM) – Nonferrous metals futures saw mixed trading on Tuesday February 27 with SHFE nickel leading the gain with 1% rise. SHFE lead was up close to 1% while tin and zinc inched up. Copper and aluminium were down slightly.The ferrous complex recovered some lost ground in the afternoon with iron ore closing 0.64% lower. Hot-rolled coil was up over 1% while coking coal, coke a...Read More

ArcelorMittal is planning to invest a further ?,?10 million ($12.31 million) by the end of this year in the expansion of its service center in Neuwied, Germany, the company said on Tuesday February 27.It had already invested ?,?6.5 million this year before the end of February, so that will bring the total for 2018 to ?,?16.5 million.The steelmaker processes flat steel at the site, which mainly com...Read More

Import prices for steel billet in Southeast Asia edged up over the past week while those for slab in the wider region including East Asia experienced sharp gains amid limited offers.Metal Bulletin's assessment of import prices for billet in Southeast Asia was $540-555 per tonne cfr for the week ended Monday February 26, up $5 per tonne from a week earlier.Prices increased after trading activity pi...Read More

Handan, a major steel-producing city in north China's Hebei province, will step up its steelmaking curbs by cutting production by 50-55% until the end of March, according to an official notice from its local government late on Monday February 26. The city, which is among 28 in the country's northern region that are limiting production at 50% of capacity during the winter heating season, which ends...Read More

RAPAPORT... Polished-diamond shipments out of India increased in January,according to data from the nation's Gem & Jewellery Export Promotion Council(GJEPC). Polished exports climbed 29% year on year to $2.08 billionand, by volume, rose 20% to 2.7 million carats. The average price grew 7% to$766 per carat. Polished imports dropped 21% to $136 million, while netpolished exports - the excess of...Read More

(IDEX Online) - Sarine Technologies Ltd recorded revenues of $12.9 million in Q4 2017 ended 31 December, an improvement of 15% over Q3 2017.   The increase was mainly attributed to higher sales of diamond manufacturing related capital equipment as business sentiment in the diamond manufacturing sector improved somewhat towards the very end of 2017.   With higher revenues and lower opera...Read More

JOHANNESBURG (miningweekly.com) - New South African Mineral Resources Minister Gwede Mantashe has received a resounding welcome from the Chamber of Mines of South Africa, Business Leadership South Africa (BLSA) and mining luminaries.In its welcoming release, the chamber described Mantashe, 62, as a man of integrity and dignity.Advertisement"He is a person with whom our industry has long held...Read More

RAPAPORT... Thailand's gem and jewelry exports climbed2% to almost $13 billion in 2017, excluding gold, Commerce Minister SontiratSontijirawong said in his opening address at the Bangkok Gems & JewelryFair last week.An improving economic outlook in keymarkets for Thai-manufactured jewelry, such as the US, provides optimism forcontinuing growth in the country's gem exports, according to governm...Read More

(IDEX Online) - IGI India is to issue reports for uncut, unpolished diamonds, which are typically seen in traditional Indian bridal jewelry styles such as Jadau.   The lab said its IGI India's latest offering fills an important gap in jewelry certification services.   "By evaluating this particular type of diamond, IGI India can attest to the stone's authenticity and provide confidence...Read More