Tight supply resulted in import prices strengthening for steel billet in Southeast Asia and slab in the wider region encompassing East Asia over the past week.Metal Bulletin's assessment of import prices for billet in Southeast Asia was $535-550 per tonne cfr for the week ended Monday February 5, widening upward by $5 per tonne from a week earlier. Deals involving Middle Eastern and Japanese cargo...Read More

Kelsey Williams is a retired financial professional living in Southern Utah. His website, Kelsey's Gold Facts, contains self-authored articles written for the purpose of educating others about Gold within an historical context.Continue...Read More

- Gold gains 0.6% in USD and surges 1.7% in euros and pounds- European stocks fall more than 3% at the open after sharp falls in Asia- DJIA falls 1,175 points, S&P 500 down 4.1% and Nikkei plummets 4.7%- Gold rises from $1,330 to $1,342, ?942 to ?960 and ?,?1,067 to ?,?1,085 /oz- Bitcoin crashes another 10% and has now plummeted by 70% to below $6,000- Increased risk aversion will drive safe hav...Read More

Graceland Updates By Stewart Thomson 1. The appointment of Jerome Powell as new Fed chair is likely the catalyst that ushers in a multi-decade era of rising inflation and soaring gold stocks.2. I've announced a long term target for GDX of $15,000. That really isn't very high... given the strong inflation numbers that I am projecting for America in the years ahead.3. Having s...Read More

After slab prices increased in most regions in January, market participants anticipate limited room for further rises - but material availability is expected to remain tight. Supply was limited in Brazil, the Commonwealth of Independent States and Southeast Asia, while demand has been lively in Turkey and Europe, according to market participants. BrazilIn Brazil, market participants disputed wheth...Read More

By Graham Summers The markets just changed. Few understand what happened to the financial system after 2008. What happened was that the debt based financial system began to implode as debt deflation took hold. The scary thing is that it wasn't even a large amount of debt deflation. Remember the 2008 Crisis? That time when everyone thought the world was literally going to end? It's that small...Read More

On Janet Yellen's last day as Fed boss the markets suffered their worst percentage loss in 20-months. Yesterday, on Jerome Powell's first day as Fed Chairman, the VIX spiked by its largest amount on record and the Dow suffered its largest single day point drop ever (and 100th worst percentage drop in history). Intent on showering us with some logic as prices rain lower, the media tells us th...Read More

Chinese and European ferro-vanadium prices softened last week amid lackluster spot market demand, while the US market held firm under similar conditions. Chinese market slows as Chinese New Year holidays approachEuropean market slightly softer on sluggish spot demandUS market holds course despite thin trading activity Inquiries were thin for fob China vanadium products over the past week, but dome...Read More

- Gold gains 0.6% in USD and surges 1.7% in euros and pounds- European stocks fall more than 3% at the open after sharp falls in Asia- DJIA falls 1,175 points, S&P 500 down 4.1% and Nikkei plummets 4.7%- Gold rises from $1,330 to $1,342, ?942 to ?960 and EUR1,067 to EUR1,085 /oz- Bitcoin crashes another 10% and has now plummeted by 70% to below $6,000- Increased risk aversion will drive safe hav...Read More

In the next downturn (which may have started last week, yee-haw), the world's central banks will face a bit of poetic justice: To keep their previous policy mistakes from blowing up the world in 2008, they cut interest rates to historically - some would say unnaturally low levels, which doesn't leave the usual amount of room for further cuts.Now they're faced with an even bigger threat but are...Read More

Peter KrauthSilver prices today are mostly flat, down just 0.03% in morning trading, to $16.83 per ounce, as the broader stock market rout continues.On Monday, a serious purge took the S&P 500 down 4.1% and the Dow down a gut-wrenching 4.6% in a single day. Bitcoin lost 12% to reach $7,200, and oil also lost 2.7%.It was the largest point drop in a single day for the Dow… ever.But as Mond...Read More

Gold rose due to safe haven demand on the global stock market plunge. Gold gained despite a strong US dollar. If gold rises today, then there will be short covering. A lot of short term traders are short. One needs to remain on the sidelines in gold and silver. In case of extreme margin money pressure in stock markets, some of the long positions in precious metals and industrial metals could get...Read More

Car production in Brazil increased by 24.6% year on year in January, driven by higher sales to both local and export markets.Output came to 216,800 units, against 174,100 vehicles a year before, according to figures released by national automobile association Anfavea on Tuesday February 6. This is the highest output level for the...Read More

February 6th, 2018,Vancouver, B.C. - Northern Vertex Mining Corp. (TSX.V: NEE)(OTC Nasdaq Intl.: NHVCF)(the "Company" or "Northern Vertex") is pleased to announce that it has commenced stacking ore on the newly completed leach pad at the Moss mine. Approximately 7,800 tons of ore have been stacked to date, and production is ramping up towards an initial stacking rate of 2,500 tpd. All of the cru...Read More

Vehicle production in Argentina decreased 18.3% on an annual basis in January, according to figures released by the country's auto association, Asociacion de Fabricas de Automotores (Adefa), on Monday February 5.Automotive production amounted to 21,858 units last month, compared with 26,762 units a year earlier. Production was affected by a lower number of working days in January 2018, compared wi...Read More

According to the World Gold Council's Gold Demand Trends report released Tuesday primary gold production hit another record in 2017 after nine years of annual growth in output.Overall mine production totalled 3,268.7 tonnes or just over 105m troy ounces in 2017 which was only slightly higher than in 2016 as new mine starts in recent years have mostly served to fill the gap left by production losse...Read More

The Turkish steel mills have returned to the deep-sea scrap markets for two US cargoes, after a short break for negotiations, sources said on Tuesday February 6.A steel mill in the Izmir region booked a US cargo on February 6, comprising 15,000 tonnes of HMS 1&2 (80:20) at $343 per tonne, 20,000 tonnes of shredded at $348 per tonne and 5,000...Read More

RAPAPORT... The Panama-based World Jewelry & Diamond Hub has elected Edi Faltz as president. Faltz (pictured), who has been executive vice president of the bourse since September 2016, is the owner and CEO of Panama City diamond and jewelry company Ten Global, as well as the Diamond Buying Office and the Faltz Diamond & Jewelry Group, both in Israel. He will replace Mahesh Khemla...Read More

Comex copper prices were pulled lower on Tuesday February 6 by a combination of the recent equity sell-off and a dollar increase. Copper for March settlement on the Comex division of the New York Mercantile Exchange gained 3.75 cents or 1.2% to $3.2250 per lb. The red metal dipped to a one-week low on Friday following a heavy sell-off in equity markets. "Judging by the limited pullback in the base...Read More

(IDEX Online) - The Israel Diamond Exchange (IDE) today (Monday) officially launched a partnership with Alibaba.com, making it the first diamond bourse to offer polished diamonds and diamond jewelry on the platform, directly from the source.   Alibaba.com is the leading platform for global wholesale trade, serving millions of buyers and suppliers around the world.   The launch was anno...Read More