China's domestic rebar prices picked up some upward momentum on Thursday January 25 on gains in the billet and futures markets.Domestic Eastern China (Shanghai): 3,870-3,920 yuan ($606-614) per tonne, up 20 yuan per tonne Northern China (Beijing): 3,920-3,970 yuan per tonne, up 20 yuan per tonne Billet prices rose 20 yuan in the morning while the most-traded May rebar futures contract increased to...Read More
"The loophole in the current law allows a politician sentenced to prison to continue to collect the pensions until a 'final conviction' is given when all appeals Continue...Read More
Love 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 $USD could collapse...Read More
Yesterday, gold won an influential supporter in theWhite House. Who is he? The Enemy of Gold’s Enemy Is Gold’sFriendAs the ancient proverb goes, my enemy’s enemy is myfriend. Although it is usually employed in foreign policy, this concept alsoapplies to finance. Given the negative correlation between the greenback and gold, theenemies of the U.S. dollar are generally gold’s...Read More
We've all watched in amazement, while the equities markets around the world have risen to new highs. On Wall Street hardly a week goes by without a new record. There comes a time however when a sector becomes so overbought, that smart money begins to leave and search for a sector that has been overlooked. That moment is now at hand, as can be seen in our first chart - courtesy sources listed.This...Read More
Love 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 $USD could collapse...Read More
China's ferrous futures were mixed during morning trading on Thursday January 25 with steel contracts ending the session slightly lower than their opening prices while those for raw materials rose. Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,953 ($619) per tonne, down 1 yuan per tonne May hot-rolled coil: 3,957 yuan per tonne, down 3 yuan per tonne Dalian Commod...Read More
CloseGain/LossGold $1348.00-$9.70Silver$17.30-$0.26XAU89.91-2.36%HUI202.24-2.38%GDM678.63-1.46%JSE Gold1327.01+13.06USD89.28+0.03Euro124.17+0.15Yen91.65-0.11Oil$65.51-$0.1010-Year2.618%-0.034T-Bond149.40625+0.9375Dow26392.79+0.54%Nasdaq7411.16-0.05%S&P2839.25+0.06% The Metals: Gold gained $8.30 to $1366.00 in Asia before it dipped back under unchanged in London and then climbed back toward...Read More
While 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 realizes.Due to the complex...Read More
Continue...John Embry joined Sprott Asset Management LP as Chief Investment Strategist in March 2003. He plays an instrumental role in developing the corporate and investment policy of the firm. John, an industry expert in precious metals, has studied the gold sector for over thirty years and has accumulated industry experience as a portfolio management specialist since 1963. 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 l...Read More
Love 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 $USD could collapse...Read More
By Ira EpsteinPresident Trump tries to back yesterday's comment by Treas. Sec. Mnuchin on weak US Dollar being good for trade, which sends metals sharply lower intraday. https://www.iraepstein.com/ Read More
Love 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 $USD could collapse...Read More
VANCOUVER, BRITISH COLUMBIA / January 25, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to report the Company is exercising its option to acquire an additional 5% ownership interest in engineering partner PurLucid Treatment Solutions ("PurLucid") from existing shareholders in exchange for 1 million MGX shares. The Phase IV investment agreement sh...Read More
Are you prepared for the next big move in the metals markets? Would you like to know what to expect in the immediate future that could save you thousands of dollars? Then pay attention to this message as we share something most traders are overlooking right now.Our research team at Technical Traders Ltd. have spent years developing our skills and financial modeling systems. Right...Read More
Love 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 $USD could collapse...Read More
Stainless steel prices in East Asia retreated over the past week on thin trading amid persistently soft demand.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm cold-rolled coil was $2,100-2,200 per tonne cif East Asian ports for the week ended Wednesday January 24, down $10-50 per tonne from a week earlier.Metal Bulletin's assessment of prices for benchmark 304 stainless hot-r...Read More
By Peter DegraafWe've all watched in amazement, while the equities markets around the world have risen to new highs. On Wall Street hardly a week goes by without a new record. There comes a time however when a sector becomes so overbought, that smart money begins to leave and search for a sector that has been overlooked. That moment is now at hand, as can be seen in our first chart - cou...Read More