Buying activity in the Iranian flat steel import market remained sluggish in the week ended Wednesday January 24, while local prices were more competitive to import.Iran's national currency - the rial (IRR) - continued to devalue against the US dollar, which made import prices less attractive compared to domestic ones.On Wednesday January 24, $1 was equivalent to IRR 36,567, while on January 17, $...Read More

China's prices for hot-rolled coil widened upward on Thursday January 25 after the paper market surged following the release of data showing a drop in supply.DomesticEastern China (Shanghai): 4,080-4,130 yuan ($639-647) per tonne, widen upward by 30 yuan per tonne Northern China (Tianjin): 3,940-3,970 yuan per tonne, widen upward by 10 yuan per tonnePrices for some specifications of HRC that are s...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

Turkish domestic long steel prices have remained firm over the past week despite strong demand, sources said on Thursday January 25.Metal Bulletin's weekly price assessment for domestic rebar was $570-580 per tonne ex-works on January 25, widening upward from the $570-575 per tonne of last week.The domestic rebar...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

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

Turkish rebar and wire rod export prices have fallen over the past week, in line with the weak demand in the country's major export markets and decreasing imported scrap costs, sources said on Thursday January 25.Metal Bulletin's weekly price assessment for rebar exports out of Turkey on January 25 was $550-560 per tonne fob, down from the $565-570 per tonne...Read More

Top silver market expert David Morgan tells Silver Doctors the gold and silver markets have just seen a significant positive change in momentum. As soon as Treasury Secretary Steve Mnuchin said at the World Economic Forum a weak U.S. dollar was good for trade, the U.S. dollar slumped to a three-year low, sending gold above it's key resistance point of $1,350. Silver also spiked, outperforming gold...Read More

LETTER TO THE EDITORDear Mr. Kosares,I have read your articles with great interest and pleasure. I believe we are in a corner which is far from the mainstream. In reference to buying gold as protection, I also read stories like "sell-cryptos-buy-gold," but it is never told what will happen when there is indeed hyperinflation.It is said that the gold price can rise many fold. But if this happen...Read More

Dr. Joseph Tainter has a PHD from North Western University, Studied Anthropology at the University of CA, Berkeley, is currently a Professor in the Department of Environment and Society Studies at Utah State University and is the author of The collapse of Complex Societies.Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some...Read More

DEEPCASTER LLCFORTRESS ASSETS PORTFOLIO | LETTERS, ALERTS & ARTICLESHIGH POTENTIAL SPECULATOR | HIGH YIELD PORTFOLIOPreserve & Enhance WealthInvestment & Geopolitical Intelligence Unfortunately, as we demonstrated in Part 1 and further demonstrate below, the underlying Economic Reality was and still is that the Economy is not healthy and not recovering which is obvious when one looks at the Rea...Read More

Steel billet import prices in Egypt fell slightly and domestic rebar prices remained unchanged in the week to Thursday January 25. Billet import prices fell amid lower bids and a news of a low-priced deal for material from Iran. "The market is slow this week [and] most people are waiting for a further price drop," a trader told...Read More

By Steve St. AngeloWhile 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 realiz...Read More

By Graham SummersLove 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...Read More

Both buyers and producers were in wait-and-see mode in the export market for CIS-origin pig iron during the week ended Thursday January 25, due to uncertainty about further price changes."After [the price of] scrap dropped by $20 per tonne, big buyers have been asking if a lower price for pig iron is on the horizon and have adopted a wait-and-see attitude," a trader told Metal Bulletin.Smaller buy...Read More

In our second GoldNomics podcast, we take a look at one of the important financial questions of our day - is this the greatest stock market bubble in history?Listen on iTunes, SoundCloud and BlubrryWatch on YouTube belowGoldCore CEO Stephen Flood and GoldCore's Research Director and world renowned precious metals commentator Mark O'Byrne in conversation with Dave Russell discuss why...Read More

VANCOUVER, B.C., Jan. 25, 2018 (GLOBE NEWSWIRE) -- Golden Arrow Resources Corporation (GRG.V) (FSE:GAC) (GARWF) ("Golden Arrow" or the "Company")2017 was a significant year for Golden Arrow Resources Corporation as management moved to establish two value streams for the Company.Golden Arrow's production income from the integration and production start?EUR'up, within the next six months, of the...Read More

Turkish steel mills went quiet again in the deep-sea scrap markets on Thursday January 25, but are expected to book more cargoes soon, according to market sources.The mills in the country took time out for a short break for price negotiations at the beginning of the week and returned to the market for a Baltic Sea cargo sold at $354 per tonne cfr for HMS 1&2...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...Read More

Update on Commencement of Drill ProgramVancouver, British Columbia--(Newsfile Corp. - January 25, 2018) - Zinc One Resources Inc. (TSXV: Z) (OTC Pink: ZZOF) (FSE: RH33) ("Zinc One" or the "Company") has received additional results from an ongoing surface-sampling program at its Bongar? Zinc Mine Project in north-central Peru.Highlights from the program include a surface channel sample (C-011-17)...Read More