Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop U.S. Mines Produced an Estimated $75.2 Billion in Minerals During 2017 February 1, 2018 (Investorideas.com Newswire) U.S. mines produced an estimated $75.2 billion of raw mineral materials in 2017 - a 6 percent increase over 2016 - the U.S. Geological Surve...Read More
Short and Long Term ForecastsPredicting the likely path of the prices of the metals in the near term is easy. Just look at the fundamentals. We have invested many man-years in developing the theory, model, and software to calculate it. Every week we publish charts and our calculated fundamental prices. A selection of 1 and 1/2 ounce gold bars - definitely more fondle-friendly than bitcoin, but...Read More
Base metals prices on the London Metal Exchange are struggling to extend gains and are consolidating in high ground this morning, Thursday February 1. Copper ($7,073 per tonne), zinc, aluminium and nickel prices are off between 0.2% and 0.4%, while lead and tin prices are up by 0.2% and 0.1% respectively.Volume has been below average with 6,950 lots traded as of 07.07 am London time. This follows...Read More
As competition in the global steel markets remains fierce, Metal Bulletin provides an update on the new, progressing and closed trade cases from around the world in January 2018.The case list below includes only updates.(1) BRAZIL HRC(2)...Read More
CloseGain/LossGold $1350.00+$4.30Silver$17.24-$0.09XAU87.60-0.07%HUI196.70+0.13%GDM661.96-0.27%JSE Gold1244.84-0.24USD88.59-0.51Euro125.19+1.06Yen91.44-0.26Oil$65.80+$1.0710-Year2.779%+0.059T-Bond146.125-1.6875Dow26186.71+0.14%Nasdaq7385.86-0.35%S&P2821.98-0.06% The Metals: Gold fell $8.30 to $1337.40 in London, but it then rallied back higher throughout most of trade in New York and ended...Read More
By Jeff ClarkMost price forecasts aren't worth more than an umbrella in a hurricane. There are so many factors, so many ever-changing variables and dynamics, that even the most educated guess almost always ends up wrong.Further, some forecasts base their predictions on one issue. "Interest rates will rise so gold will fall." That's not even an accurate statement, let alone a sensible prediction...Read More
Jordan Roy-Byrne joins me today to look at the monthly charts now that we are wrapping up January. We look at gold, silver and GDX. Gold is trading at the top of its recent range but GDX and silver are still stuck mostly in the middle of their ranges. https://thedailygold.comRead More
China's domestic prices for hot-rolled coil turned around on Thursday February 1 after declining over the past couple of days amid a strengthening paper market. DomesticEastern China (Shanghai): 4,090-4,120 yuan ($649-654) per tonne, up 20 yuan per tonne Northern China (Tianjin): 3,970-4,000 yuan per tonne, up 30-40 yuan per tonneHRC futures nearly rose to the 4,000-yuan-per-tonne mark in the morn...Read More
By Mike MaloneyHave you ever seen this much gold in one place? In this video, Mike Maloney shows the remarkable images coming out of Russia that are evidence of their recent surge in gold reserves. What do they see coming? Is this a subtle challenge to Fort Knox and their ongoing lack of transparency? Read More
"It would be easy to picture silver going up by huge jumps - $10 in a day - for five or six straight days....That's completely feasible," says John Rubino of Dollar Collapse.John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It...Read More
By Jared DillianNow would be a good time to follow me on Twitter if you haven't already, because stuff is about to get real.I was finger-scrolling through The Daily Shot the other day (a daily chart package mailed out by The Wall Street Journal it's a must-read for everyone in the business), and I came across this:Source: The Daily ShotPeople are getting bulled up on the idea that the Fed might...Read More
Janet Yellen had her last FOMC meeting this week, ushering in the changing of the guard at the Fed. Danielle DiMartino Booth spoke with Bart Chilton as they discussed the central bank. Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched...Read More
China's ferrous futures had little movement during morning trading on Thursday February 1 following talk about the possible extension of steelmaking restrictions in Hebei province.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,952 yuan ($627) per tonne, down 1 yuan per tonne May hot rolled coil: 3,979 yuan per tonne, up 9 yuan per tonne Dalian Commodity Exchange Ma...Read More
By Ronan Manlyhttps://www.bullionstar.com/This article is in 3 parts and covers a) upcoming trade reporting in the London gold market which is being led by the London Bullion Market Association (LBMA), b) the recent publication by the LBMA of a Guide to the London OTC precious metals markets, and c) an update on monthly vault reporting which the LBMA and the Bank of England launched in 2017.LBMA...Read More
By Rory HallCryptocurrencies are not anonymous and they are not decentralized, period. This is to say nothing of the dangers they pose as being "pirate money" that can create real world problems for a persons life. If you don't believe me simply ask Randall Lord, Ross Ulbricht or anyone that has had their "wallet" hacked or stolen on any number of exchanges where cryptocurrencies are bought and...Read More
Demand and prices for Indian finished steel products are likely to be boosted over the coming year after the country's government announced stronger spending on infrastructure in its new budget, Metal Bulletin heard on Thursday February 1.India's budget allocation for infrastructure spending in its 2018-19 financial year, which begins in April, will rise to 5.97 trillion rupees ($93.65 billion), c...Read More
Finished long steel prices in Europe are expected to remain largely stable in February after rising steadily through January, market participants told Metal Bulletin this week.Domestic offer prices from European steel mills are still supported by high production costs and strong demand from end-users.Market participants expect domestic rebar prices in Northern Europe to remain strong in February,...Read More
The Russian government, media, and public don't know what to make of the US Treasury's "Kremlim list." The Treasury list contains the names of the topContinue...Read More
The gold price had a good start for 2018, rising from 1310 at the start of January to a high of $1367 with the most recent trading price of $1351. Which is set against my forecast for 2018 for the gold price to first target resistance $1375, an eventual break of which would propel the Gold price towards a 2018 target of $1500, and then further for the Gold price to ultimately target a trend toward...Read More
Before I get started, I want to put my cards on the table. I don't trust Republicans like Devin Nunes for a moment. He doesn't care about the civil Continue...Read More