Ever wondered what $40 million in sunken gold looks like? Well, the world's greatest lost treasure is going on display next month.Continue...Read More

CIS export billet prices continued to trend downward in the Black Sea market in the week ended Monday January 29, with buying activity remaining low and customers expecting more price cuts in the near term.Traders were also said to have built up high levels of stock at ports in recent weeks, which also served to restrict buying activity.Metal Bulletin's weekly export CIS Billet Index dropped to $4...Read More

Rates continue to rise, though stocks remain oblivious.The yield on the 10-Year US Treasury continues to soar, with a confirmed breakout from its 10-year downtrend.Now, cynics would ask, "why does this matter? The yield is at the same level as it was in 2009, 2010, 2011, 2013, and 2014."It matters because throughout this time period, corporates and governments were adding debt.Corporations added $...Read More

On Monday morning we reported that a number of traders - currently or formerly employed by UBS, HSBC and Deutsche Continue...Read More

Dear Friend of GATA and Gold:Our friend P.C. writes:"As a long-time GATA follower, I fully subscribe to the understanding that markets generally, and particularly the precious metal markets, are controlled to keep international exchange and trade 'stable' and maintain 'Western' market wealth. But I have a question you may be able to answer."If the major players in the futures and paper markets are...Read More

By Graham SummersRates continue to rise, though stocks remain oblivious. The yield on the 10-Year US Treasury continues to soar, with a confirmed breakout from its 10-year downtrend.Now, cynics would ask, "why does this matter? The yield is at the same level as it was in 2009, 2010, 2011, 2013, and 2014."It matters because throughout this time period, corporates and governments were adding debt....Read More

China's domestic rebar prices continued to fall on Monday January 29 on thin demand. Domestic Eastern China (Shanghai): 3,820-3,890 yuan ($604-616) per tonne, down 10-30 yuan per tonne Northern China (Beijing): 3,900-3,940 yuan per tonne, narrowed downward by 10 yuan per tonne Most construction projects have stopped work due to bad weather as well as because the Chinese New Year is just a little o...Read More

Current Position of the MarketSPX: Long-term trend - The bull market is continuing with a top expected in the low 3000s.Intermediate trend - A new surge of buying has moved ahead the forecast for an intermediate term top.Analysis of the short-term trend is done on a daily basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discusses the...Read More

The changes to US taxes that were approved late last year have drawn acclaim and criticism, but in most cases both those who view the tax changes positively and those who view the tax changes negatively are missing two important points.Most criticism of the tax changes boils down to one of three issues. The first is that the tax cuts favour the rich. This is true, but any meaningful tax cut wil...Read More

To say that gold's weekly volume was big is like to say that snails are not the fastest animal. You can't say that it's a lie, but it doesn't really convey the entire truth, either. Gold's weekly volume was highest EVER. Yes, ever. There was not a single week - not ever during the 2011 top or when gold declined in 2008 - when gold moved on volume that was higher than what we saw last week. Is t...Read More

European alloy surcharges for January deliveries of grade-316 cold-rolled (CR) stainless steel sheet have risen sharply month on month amid higher nickel and molybdenum costs.The February assessment for molybdenum-containing 2 mm grade-316 CR sheet - compiled by Metal Bulletin based on data released by Outokumpu, Acerinox and Aperam - rose ?,?99-155 ($123.03-192.62) per tonne to ?,?1,923-1,963 per...Read More

Chinese ferro-silicon prices have been steady in the past week, stabilizing losses made through the month when idled production was restarted; meanwhile, the European price set another record high, and US prices climbed after a period of inactivity due to strong overseas prices. Consumer demand shores up Chinese market  Chinese market awaits new steel mill tenders  Europe hits record hi...Read More

The FOMC meeting and US January nonfarm payrolls will be the key. The US economy will see a rise in consumer spending as bonuses rise due to Trump's tax and trickle down effects. If the Federal Reserve is aggressive then we might just see a March interest rate hike. The US dollar is oversold. Any positive news can result in the US dollar paring most of January's losses and even gain. Bubbles hap...Read More

BUENOS AIRES, Argentina, Jan. 29, 2018 (GLOBE NEWSWIRE) -- AbraPlata Resource Corp. (ABRA.V) (ABBRF) (1AH.F) ("AbraPlata" or the "Company") is pleased to provide an update on its Diablillos property in Salta Province, Argentina. Having recently completed a non-brokered private placement of $2 million (see the Company`s news release dated January 12, 2018), AbraPlata is in the process of finalizi...Read More

Swiss special and stainless steel producer Schmolz + Bickenbach (S+B) has been chosen by a French court to take over French speciality steelmaker Asco Industries (Ascometal), it said on Monday January 29.S+B will take over Ascometal's assets on Thursday February 1, with the exception of Ascoval, a joint venture between Ascometal and French tube & pipe producer Vallourec in Saint-Saulve i...Read More

Zinc was the best performer on the London Metal Exchange at the close on Monday January 29, while the other metals diverged.Zinc's three-month price was up $72, or 2%, to $3,550 per tonne, mostly on the back of supply-side factors. Tighter stocks on the LME and adverse weather in zinc-producing provinces of Northwestern China, which makes it difficult to transport zinc out of the region, have...Read More

Trading activity in the market for CIS-origin hot-rolled coil (HRC) and cold-rolled coil (CRC) has remained low over the past seven days because there have been few offers of March-rolled material."Mills have sold out their February-rolled material and now they are cautious, because there is a threat that the market will turn around," a trader told Metal Bulletin on Monday January 29.He added that...Read More

India's JSW has launched a bid to purchase steelmaker Monnet Ispat Steel, representatives of both companies confirmed to Metal Bulletin on Monday January 29.If successful, the acquisition would give JSW a stronger presence in the Indian domestic plate and bar sectors, where it currently trails competitors including Essar Steel and Jindal Steel and Power (JSPL). Monnet Ispat owns an integrated stee...Read More

RAPAPORT... Petra Diamonds' sales fell in the first fiscal half afterthe Tanzanian government confiscated a parcel of rough stones from itsWilliamson mine. Authorities seized 71,654 carats destined for Antwerp inSeptember, claiming that Petra had undervalued thegoods, according to reports. While production at Williamson has resumed following a four-day closure immediatelyafter the incident, the go...Read More

(IDEX Online) - The first India Diamond Week will be held at the Bharat Diamond Bourse (BDB) in Mumbai, India, from April 25-27.   The event will see 200-250 Indian companies displaying polished diamonds to buyers from across the world.   Bharat Diamond Bourse Vice-President Mehul Shah, who is heading the India Diamond Week project, said that the BDB will be booking around 100-200 compl...Read More