Steel billet import prices in Egypt fell slightly and domestic rebar prices remained unchanged in the week to Thursday January 25. Billet import prices fell amid lower bids and a news of a low-priced deal for material from Iran. "The market is slow this week [and] most people are waiting for a further price drop," a trader told...Read More
By Steve St. AngeloWhile the gold mining industry reports energy as only 15-20% of its total production costs, the total amount consumed by the industry is much higher. The market underestimates the amount of energy consumed by the gold mining industry because of the way it is listed in their financial statements. Thus, it takes a great deal more energy to produce gold than the market realiz...Read More
By Graham SummersLove it, or hate it, the $USD is the reserve currency of the world. So what happens to it is of MASSIVE import to the rest of the financial system.With that in mind, take a look at the below chart.This is looking more and more like a "false breakout." False breakouts are dangerous developments because they usually lead to violent drops.In this case, the above chart suggests the...Read More
Both buyers and producers were in wait-and-see mode in the export market for CIS-origin pig iron during the week ended Thursday January 25, due to uncertainty about further price changes."After [the price of] scrap dropped by $20 per tonne, big buyers have been asking if a lower price for pig iron is on the horizon and have adopted a wait-and-see attitude," a trader told Metal Bulletin.Smaller buy...Read More
In our second GoldNomics podcast, we take a look at one of the important financial questions of our day - is this the greatest stock market bubble in history?Listen on iTunes, SoundCloud and BlubrryWatch on YouTube belowGoldCore CEO Stephen Flood and GoldCore's Research Director and world renowned precious metals commentator Mark O'Byrne in conversation with Dave Russell discuss why...Read More
VANCOUVER, B.C., Jan. 25, 2018 (GLOBE NEWSWIRE) -- Golden Arrow Resources Corporation (GRG.V) (FSE:GAC) (GARWF) ("Golden Arrow" or the "Company")2017 was a significant year for Golden Arrow Resources Corporation as management moved to establish two value streams for the Company.Golden Arrow's production income from the integration and production start?EUR'up, within the next six months, of the...Read More
Turkish steel mills went quiet again in the deep-sea scrap markets on Thursday January 25, but are expected to book more cargoes soon, according to market sources.The mills in the country took time out for a short break for price negotiations at the beginning of the week and returned to the market for a Baltic Sea cargo sold at $354 per tonne cfr for HMS 1&2...Read More
After what seems like a decade in the shadow of tech stocks and cryptocurrencies, gold and silver are rocking again. Which of course leaves everyone wondering if this is the beginning of the long-awaited epic run, or just a head fake preceding yet another grinding, protracted, soul-sucking decline. The following chart has a couple of technical indicators that, if history still matters, shed some...Read More
Update on Commencement of Drill ProgramVancouver, British Columbia--(Newsfile Corp. - January 25, 2018) - Zinc One Resources Inc. (TSXV: Z) (OTC Pink: ZZOF) (FSE: RH33) ("Zinc One" or the "Company") has received additional results from an ongoing surface-sampling program at its Bongar? Zinc Mine Project in north-central Peru.Highlights from the program include a surface channel sample (C-011-17)...Read More
Iron ore prices strengthened further on Thursday January 25 though trading activity appears to have slowed down following higher fixed-price transactions concluded recently. Metal Bulletin's 62% Fe Iron Ore Index Today: $75.04 per tonne cfr Qingdao Daily change: up by $0.51 per tonne Month-to-date average: $76.31 per tonne Metal Bulletin's 58% Fe Premium...Read More
"A number of you have mentioned concerns you have or have had regarding Yale students who may be interested in participating in your Continue...Read More
By Ira EpsteinSinking Dollar send metal prices sharply higher today.https://www.iraepstein.com/ Read More
Deliberate weakness of the US dollar by the Americans resulted in all metals and energies zooming. The Trump administration wants a weaker US dollar. As a gold bull, I hope that other central banks also jump into the bandwagon of weakening their currencies and we start a central bank currency war. If this happens gold will easily rise to $1961.80 before the end of the year. Manipulating currency...Read More
Turkish billet prices have weakened over the past seven days, in line with the falling cost of scrap imported into the country, sources said on Thursday January 25.Metal Bulletin's weekly price assessment for billet imports into Turkey was $515-525 per tonne cfr on January 25, down from the $520-530 per tonne of last week.The downward movement in the weekly assessment came after CIS-region supplie...Read More
Stephen Roach answered questions about what we should be watching out for about China's economy in 2018 and the U.S.-China relations in trade.Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most recently, of Unbala...Read More
After what seems like a decade in the shadow of tech stocks and cryptocurrencies, gold and silver are rocking again. Which of course leaves everyone Continue...Read More
LETTER TO THE EDITORDear Mr. Kosares,I have read your articles with great interest and pleasure. I believe we are in a corner which is far from the mainstream. In reference to buying gold as protection, I also read stories like “sell-cryptos-buy-gold,” but it is never told what will happen when there is indeed hyperinflation. It is said that the gold price can rise many fold. But...Read More
Steel billet import prices in Egypt fell slightly and domestic rebar prices remained unchanged in the week to Thursday January 25. Billet import prices fell amid lower bids and a news of a low-priced deal for material from Iran. "The market is slow this week [and] most people are waiting for a further price drop," a trader told...Read More
"The dollar is going to get stronger and stronger and ultimately I want to see a strong dollar," Trump told CNBC.Continue...Read More
We’ve all watched in amazement, while theequities markets around the world have risen to new highs. On Wall Street hardly a week goes by withouta new record. There comes a time howeverwhen a sector becomes so overbought, that smart money begins to leave andsearch for a sector that has been overlooked. That moment is now at hand, as can be seen in our first chart &ndash...Read More