The index for all items less food and energy increased 0.3 percent in January. The shelter index increased 0.2 percent as the indexes forContinue...Read More
If you have a problem then you have a solution, otherwise you're just fussing about the situation. Well, that may be true in most cases, but when we are discussing rigged markets and crony capitalism the solutions can sometimes be evasive. They do exist, it's just a question of getting to them and bringing them to life. After swimming in the problem, as most of us have been doing for the past seve...Read More
- Global debt 'area of weakness' and could 'induce financial panic' - King warns- Global debt to GDP now 40 per cent higher than it was a decade ago - BIS warn- Global non-financial corporate debt grew by 15% to 96% of GDP in the past six years- US mortgage rates hit highest level since May 2014- US student loans near $1.4 trillion, 40% expected to default in next 5 years- UK consumer debt hit ?...Read More
SMM offices will be closed from Thursday February 15 to Wednesday February 21 for the Chinese New Year holiday. There will be no news publication during this period.Normal publishing schedule will resume on Thursday February 22.For queries, please contact Daisy Tseng at daisy@smm.cnRead More
Failing that, ask its pension fund for a few index-linked Gilts...The BANK of ENGLAND announced its latest policy decision in London on Thursday, writes Adrian Ash at BullionVault.In effect it told UK investors and savers to buy gold. Because gold tends to rise when interest rates fail to rise faster than the cost of living.And the Bank of England just confirmed it plans to stay way behind the cur...Read More
Spot prices have eased so far this week in European molybdic oxide and ferro-molybdenum trading due to the absence of key world trader China which has had a dampening effect on international markets, sources told Metal Bulletin. Metal Bulletin assessed molybdic oxide prices at $12.00-12.25 per lb in-warehouse Rotterdam on Wednesday February 14, from $12.20-12.50 per lb on Friday. The market w...Read More
By Rory HallIf you have a problem then you have a solution, otherwise you're just fussing about the situation. Well, that may be true in most cases, but when we are discussing rigged markets and crony capitalism the solutions can sometimes be evasive. They do exist, it's just a question of getting to them and bringing them to life. After swimming in the problem, as most of us have been doing for...Read More
The 8:30 a.m. cartel smash was an epic fail. The cartel is now forced to retreat as goldContinue...Read More
The amount of gold mined in a year is only about 1.5% of the total existing stock of gold, which is why changes in gold production have almost no effect on the gold price. It is also why changes in the cost of mining gold do not affect the gold price. In fact, cause and effect works the other way around the change in the market price of gold determines, with a lag, the average cost of mining g...Read More
By Gary SavageThis video examines the current daily cycles in the dollar and euro and suggests caution is warranted for the gold market.https://blog.smartmoneytrackerpremium.com/ Read More
Prices for commodity-grade hollow sections increased by $5-10 per tonne in Southern Europe this week, with Italian tube producers continuing to ask customers to pay higher prices.Metal Bulletin's price assessment for Southern Europe-origin hollow sections was ?,?625-655 ($771-808) per tonne on Wednesday, compared with ?,?620-645 per tonne delivered last week.Domestic Northern European hollow secti...Read More
Turkish pipe export prices continued to rise in line with stronger prices for pipemaking raw materials, although demand for finished products was still sluggish, sources said on Wednesday February 14.Metal Bulletin's monthly price assessment for EN10219-standard, grade-S235 tube, with 2mm wall thickness, was $680-690 per tonne fob on February 14, up from $670-680...Read More
Source: BloombergGold on Wednesday enjoyed its best trading day since June 24, 2016 when financial markets were shocked by Britain voting to leave the European Union.The most active gold futures contract on the Comex market in New York touched a high of $1,358.60 an ounce in midday trade, up more than 2% or nearly $30 an ounce compared to Tuesday's settlement after inflation data in the US came in...Read More
Domestic prices in Northern Europe for hot-dipped galvanized coil (HDG) have increased again this week, following the upward trend settled in the region's wider flat steel markets, sources told Metal Bulletin on Wednesday February 14.Metal Bulletin's weekly price assessment for domestic HDG in Northern Europe was ?,?680-700 ($839-863) per tonne ex-works this week, compared with ?,?670-690 per tonn...Read More
RAPAPORT... The Diamond Producers Association (DPA) has launched a newvideo ad campaign for the 2018 Winter Olympics in Pyeongchang,highlighting the connection between diamonds and athletes. The series, called "The Making of a Gem," features videos ofa diamond-wearing snowboarder, an ice-skating pair and and a women's hockey team inaction. The series aims to demonstrate the similarities betwe...Read More
Domestic prices for cold-rolled coil (CRC) are expected to grow this month following the upward trend in the hot-rolled coil (HRC) market, sources told Metal Bulletin on Wednesday February 14.Metal Bulletin's weekly price assessment for domestic CRC in Southern Europe was ?,?640-645 ($789-795) per tonne ex-works on February 14, compared with ?,?625-650 per tonne ex-works. The assessment reflected...Read More
RAPAPORT... The Israeli government has pledged $284 million (NIS 1 billion) to guarantee bank loans to diamond companies in an effort to easethe trade's severe credit difficulties. A lack of credit is stifling growth, especially among the smallerfirms that constitute about 70% of the Israeli trade, according to a specialcommittee set up to investigate the sector's challenges. The team - led...Read More
(IDEX Online) - The International Institute of Diamond Grading & Research (IIDGR), part of De Beers Group, has installed a 34.8 kilowatt solar roof (pictured above) at its grading and inscription facility in Surat, India, to provide the operation with a renewable energy supply. Generating an average of 56,000 units of electricity each year, the solar plant will reduce the heat load of t...Read More
European mills insist in higher domestic prices for hot-rolled coil (HRC) following the positive trend settled in the market, sources told Metal Bulletin.The upward trend settled in the EU coil market has been supported by a combination of decreased production of domestic material in Italy and the effects of trade defense measures.Sources of imported HRC have been limited since the European Commis...Read More
VANCOUVER (miningweekly.com) – Mountain Province Diamonds' first diamond tender of the year broke all records in terms of revenue and customer activity.The TSX- and Nasdaq-listed company said the sale of 351 000 ct of rough diamonds has resulted in Mountain Province's highest revenue result to date, with total sale proceeds of $27.3-million, which gives an average value of $78/ct.Adv...Read More