By Gary SavageThe liquidity will flow into commodities causing inflation...just like it did in 2008. This time the bubble will be in the precious metals market instead of the energy markets though. The metals have held up much better than the rest of the commodity sector. Big money has been accumulating all last year in preparation for what happens when the stock bubble pops. This is why stocks...Read More
By Ira EpsteinApple's announcement of repatriation and one-time tax payment of $38 billion lifts the Dollar and sinks gold.https://www.iraepstein.com/ Read More
Robust nickel prices appear to be providing some support to East Asia's stainless steel market amid persistently weak demand.Chinese producers are raising their offers for both stainless cold-rolled coil and hot-rolled sheet due to higher prices for nickel this month, despite soft demand and low bids from buyers.The three-month nickel contract on the London Metal Exchange is averaging at $12,649 p...Read More
The bull market's blow-off-like trajectory has steepened, if such a thing were imaginable, with Wednesday's 322-point rally in the Dow. The blue chip average is ostensibly headed to the 27,251 target shown, and although this Hidden Pivot resistance is worth shorting, I wouldn't recommending standing in the herd's way if it is exceeded by more than 10-15 points. The broad averages reportedly are...Read More
- Latest bitcoin, crypto crash causes gold coin and bar demand to surge- Bitcoin down 40% from high, Ripple down 50% and Ethereum down 30%- Ripple and 'Digital gold' Bitcoin fall past key psychological price levels- $300bn wiped from cryptocurrency fortunes in just 36 hours- New research says that there is 'Price Manipulation in the Bitcoin Ecosystem'- Savvy crypto buyers converted their short...Read More
Full Article: Silver Antidote to Bubble CrazinessBy: Gary ChristensonCHARACTERISTICS OF BUBBLE CRAZINESS:U.S. stocks, according to many measures, are the most over-valued in history. We live in a Bubble Zone!Bitcoin and other cryptos are definitely in a bubble, but they could rise even higher.Full Article: Silver Antidote to Bubble CrazinessBy: Gary ChristensonDisclaimer (C) 2010 Junior Gold Re...Read More
The Federal Reserve's beige book stressed on the sustained strength of the US economy. This implies quicker interest rate hikes. Gold fell as a result. To me the correction in gold and silver is a part of the impeding sharp rally. However if gold and silver fall today, then chances of $1292 and $1673 and below will be very high. Short term buyers will turn into sellers. It's a big day for gold a...Read More
Mexico's Ministry of Economy has removed definitive countervailing duties on certain imports of graphite electrodes from China and the United Kingdom, according to the International Rebar Producers & Exporters Association (Irepas).Effective immediately, Mexico will not apply duties to graphite electrode imports from China or the UK, Irepas said on Wednesday January 17. Mexico imposed duties as hig...Read More
Healthy profit margins sent China's crude steel output to a new high in 2017 after dropping closer to the 800-million-tonne mark in the two preceding years. The world's second-largest economy produced a total of 831.73 million tonnes of crude steel last year, according to data released by the National Bureau of Statistics (NBS) on Thursday January 18. This is up 5.7% from a year earlier, the burea...Read More
TOPICS IN THIS INTERVIEW:01:00 War games with North Korea - what happens next04:30 Is there any reason to fear N.Korea06:45 China holding US debt and the mass selloff of treasuries12:10 Gold's outlook for 201815:25 US equity markets and Iran19:15 The bubble mentality in stocks and cryptocurrencies22:00 Where to find out more from Gerald CelenteGerald Celente is a pioneer trend strategist and found...Read More
Summary of BHP's production results for the three months ended December 31, 2017.(year-on-year change) Copper 429,000 tonnes, +20% Iron ore 62 million tonnes,...Read More
Base metals prices on the London Metal Exchange were mostly higher at the close on Thursday January 18, with only tin bucking the higher trend. Aluminium prices closed over 2% higher than Wednesday's close price supported by stronger-than-expected Chinese data and the dollar weakening once more. "Judging by its current technical configuration, LME aluminium continues to consolidate from recent gai...Read More
Oyu Tolgoi has declared force majeure on copper, gold and silver concentrate shipments to customers due to a protest by Chinese coal transporters in the area of the Ganqimaodu border zone, Turquoise Hill Resources said. Safe and normal mine operations, including underground development, have been maintained and no production impact is expected, the company added. The protestors used a large number...Read More
The Turkish deep-sea scrap market continued to remain quiet on Thursday January 18, with Turkish steel mills staying away due to the current high prices, sources told Metal Bulletin.Turkish steel producers were expecting to be back for more February cargoes, but they are struggling with softening rebar export values and weak demand in the country's major export markets.Suppliers in the United Stat...Read More
Turkish domestic rebar and wire rod prices continued to remain firm this week, in line with good demand in the country's local market.Metal Bulletin's weekly price assessment for domestic rebar on Thursday January 18 was $570-575 per tonne ex-works, widening upward from the $570-572 per tonne of last week.The domestic...Read More
Dealers upbeat and maintaining firm prices, with expectations of higherrough prices and 1Q stock replenishment. Rough market robust, with large DeBeers sight expected next week. Jewelers discounting less amid increase in consumerspending this holiday season. US equity markets hit new highs as dollarweakens. Tiffany & Co. renews growth as Nov.-Dec. sales +8% to $1.1B,comparable-store sales +5%....Read More
The findings of a survey conducted by the Chamber of Mines (CoM), which were released last month, indicate that, if South Africa’s mining industry shifts its focus to create an attractive policy, regulatory and governance environment – through ethical leadership, good governance and the adoption of competitive, stable and predictable policies – considerable new investment in mini...Read More
The latest metal markets news and price moves to start the North American day on Thursday January 18.Base metals prices on the London Metal Exchange were back trading in positive territory this morning, supported by slightly stronger Chinese data.Here is how the LME base metals complex looked at 12.43pm London time:For a snapshot of exchange news, check out our live futures report.The LME has appo...Read More
JOHANNESBURG (miningweekly.com) – South Africa-focused diamond miner BlueRock Diamonds made a number of planned modifications to the crushing circuit at its Kareevlei diamond mine, near Kimberley, during a three-week Christmas break.The modifications are expected to improve the method of feeding ore to the crushers.AdvertisementThese changes have been tested and the crushing circuit was back...Read More
Good morning from Metal Bulletin's office in Shanghai, as we bring you the latest news and pricing stories on Thursday January 18.Base metals prices on the Shanghai Futures Exchange were generally higher during Asian morning trading on Thursday with copper prices outperforming, while the others gave a more subdued performance ahead of key Chinese data releases today. Check Metal Bulletin's live fu...Read More