Global ferrous scrap prices continued to tumble in the week from Monday January 22 to Friday January 26, amid poor demand for Turkish rebar and weaker sentiment among traders.Turkey importsTwo fresh Turkish import deals were heard this week, with prices showing a further decline after last week's drop.A steel mill in the Iskenderun region booked a US cargo, comprising 12,000-15,000 tonnes of plate...Read More
The Klondex Mines Fire Creek gold mine in Lander County, northern Nevada. Source: Klondex Mines Ltd.Klondex Mines Ltd. [KDX-TSX; KLDX-NYSE] on Friday January 26 announced the final results of a 2017 surface exploration drill program at its Fire Creek Mine in northern Nevada.The program was designed to test the Zeus target (formerly known as the West Zone), which is 1.2 km northwest of the current...Read More
The market in the United Kingdom for grade-5C ferrous scrap has dropped in the past week, sliding in line with export prices to key destinations such as Turkey and the Indian subcontinent.British steel scrap in its traditional overseas markets is becoming more expensive this year amid a weakening of the dollar versus sterling. This makes the material more expensive for traditional buyers of scrap...Read More
CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) is a project generator that holds interests in approximately 152,000 hectares (375,000 acres), in Canada's Athabasca Basin region, famous for its large, high-grade uranium resources. While advancing the West McArthur and Cree East uranium projects, CanAlaska's primary focus is on uranium. We learned from Peter Dasler, who is Presid...Read More
Turkish steel mills have gone through this week with only one booking being made for deep-sea scrap, but they still expect to book further cargoes for February delivery, sources said on Friday January 26.Mills in the country have continued to struggle with weak demand for rebar exports and have been trying to keep their scrap purchases at a slow pace, sources told Metal Bulletin.The mills too...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Eric Sprott Announces Holdings In RNC Minerals Toronto, Ontario - January 26, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Eric Sprott announces that between January 19 and January 25, 2018, he sold (through his holding company, 2176423 Ontario Ltd.)...Read More
Base metals prices on the London Metal Exchange are mixed this morning, Friday January 26, with the complex up by an average of 0.2%.Three-month nickel prices ($13,800 per tonne) are strongest with a 0.6% gain, lead prices ($2,599 per tonne) and copper prices ($7,143 per tonne) are up by 0.5% and 0.4% respectively, while aluminium, zinc and tin are down between 0.1% and 0.2%. This week has seen co...Read More
Parenting for Freedom article series: This is the fifth in a series of articles that analyzes how freedom-loving people can align their parenting with their political philosophy, and how doing so will allow ideas about personal liberty to carry on to the next generation.For a long time, the issue that held me back from being a full-fledged anarchist was the question of children. In a truly free so...Read More
Trade Deficit with China Widens on Trump's Watch Most things come easier said than done. Take President Trump's posture on trade with China. Trump doesn't want a bigger trade deficit with China. He wants a smaller trade deficit with China. In fact, reducing the trade deficit with China is one of Trump's promises to Make America Great Again. We are often willing to give Donald Trump the ben...Read More
Export prices of Latin America-origin cold-rolled coil (CRC) and plate have increased, while the price of hot-rolled coil (HRC) remained unchanged amid renewed demand from Europe, Metal Bulletin has heard.Metal Bulletin's weekly assessment of export prices for CRC was $680-695 per tonne fob on Friday January 26, up from $670-685 per tonne fob a week earlier.Prices for heavy plate rose to $600-610...Read More
CloseGain/LossOn WeekGold $1349.60+$1.60+1.31%Silver$17.41+$0.11+2.29%XAU90.31+0.44%+2.66%HUI203.36+0.56%+3.27%GDM682.82+0.45%+3.11%JSE Gold1313.09-13.92+1.19%USD89.10-0.18-1.73%Euro124.24+0.07+1.68%Yen91.97+0.32+1.71%Oil$66.41+$0.63+4.80%10-Year2.659%+0.041-0.08%Bond148.84375-0.5625+0.17%Dow26616.71+0.85%+2.09%Nasdaq7505.77+1.28%+2.31%S&P2872.87+1.18%+2.23% The Metals: Gold gained $9 to $...Read More
Steel mills in India are likely to increase their domestic prices for hot-rolled coil (HRC) for February sales by at least 1,000 rupees ($16) per tonne, Metal Bulletin has heard.Officials from two top HRC-producing mills in the country have confirmed that there was adequate scope to increase prices by at least 1,000 rupees per tonne in February.Domestic HRC prices in India were assessed on Friday...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort305,81291,12864,523161,458396,010531,793551,661Change from Prior Reporting Period 3,949976-8,6473,2565,301-1,442-2,370Traders18096874657269202 Small Speculators LongShortOpen Interest 50,62830,760582,421 1,5302,45888 non reportable positionsChange from the previous reporting peri...Read More
"It's all paper money, it's going to dry up and blow away, and it will, and when it does, there's going to be a lot of unhappy campers." Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider of subscription financial analysis about s...Read More
Most flat steel prices in Turkey's domestic market increased slightly this week, while import prices were mostly stable, market participants told Metal Bulletin on Friday January 26.Local producers have closed their order books for March production, but demand was not strong this week because buyers expected prices to fall. Besides, retail prices fell this week, sources said.Domestic pricesHot-rol...Read More
Last week, Harry Dent took to Facebook in an exclusive broadcast, sharing information the mainstream financial media has been ignoring. Watch now - Our Power to Predict: The Future of the Markets and Your Wealth. Get your copy of Sale of a Lifetime here: http://harrydent.com/Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior...Read More
By Dave KranzlerThe impending economic collapse is hidden from most. People only see a rising stock market, not the negative underlying factors that will cause the whole system to crash. - Peter SchiffThe average middle class household is getting squeezed by an income that is not keeping up with the cost of living. Unfortunately, a major portion of the cost of living has become debt service. Mos...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Iron ore prices ended the week on a downtrend, following China's declining steel and futures markets.https://www.metalbulletin.com/Article/3783218/Steel-All/IRON-ORE-PRICES-Benchmark-index-slides-to-74-per-tonne-cfr.htmlCleveland-Cliffs has a plan to cease iron ore mining operations in Australia as earl...Read More
The following Jackass forecasts listed within the article for this new year are fully consistent with the Hat Trick Letter analysis over the last few years. All are on the verge of occurrence. If even one quarter of these calls comes into reality, the world will become a better place. In the current year upon us, the following events will begin to take form in some path with recognized progress....Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More