By Gary TanashianAs the long-term interest rate Amigo continues upward, the anti-USD 'inflation trade' continues onward and more and more gold bug writers emerge from the woodwork, it is time for a little antidote to the inevitable pitches and hype to come.Everything is playing to script and with this little pullback to a higher low in the miners being resolved in the favored direction, the writ...Read More
Source: Streetwise Reports 01/23/2018 Technical analyst Jack Chan charts the latest movements in the gold and silver markets. -->Our proprietary cycle indicator is up.The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.The gold sector is on a short-term buy signal. Short-term signals can last...Read More
- Cyber war is increasing threat - Investors are not prepared for- Third most likely global risk in 2018 is cyber war say WEF- "Scale and sophistication of attacks is going to grow"- EU, US, NATO lay down ground rules for offensive cyber war- Ireland is viable target for attackers but is 'grossly unprepared for cyber war'- UK should expect attack that cripples infrastructure within 2 years- Tru...Read More
China's coke export prices continued to weaken over the past fortnight, but the between offers widened amid limited trading activity.Metal Bulletin's price assessment for Chinese coke exports with 65% coke strength after reaction (CSR), 12.5% ash, and in physical sizes of 30-90mm, was $340-350 per tonne fob China for the week ending Tuesday January 23.This was down from $350-360 per tonn...Read More
Zinc pulled back on Wednesday to below $3,400 a tonne, but stayed within shouting distance of the best levels since August 2007 as worries about global stocks of the metal, mainly used in galvanizing steel, continue to support prices.In a research report consultants Wood Mackenzie said the combination of scheduled mine closures, top producer Glencore's strategic cuts and the impact of environmenta...Read More
Shares in M2 Cobalt Corp (CVE:MC) were off to the races on Wednesday after the company announced the acquisition of exploration licenses in east Africa and resumed trading in Toronto.During lunchtime trade the Vancouver-based junior was exchanging hands for $1.00 up 61.3% after a halt on trading on the TSX Venture Exchange in place since November was lifted. Around 67,000 shares were traded givin...Read More
Lithium fans, take note. The metal's crown as the leading raw material in batteries for electric vehicles (EVs) is facing increasing competition from other products such as cobalt and nickel. Lithium has hogged the top spot in EV batteries for some time, largely due to its early adoption in technology developed by Tesla. For more than a decade, the US-based company has been using lithium-ion batte...Read More
Domestic prices for hot-rolled coil (HRC) have risen in Southern Europe due to lower availability of the material from the region's mills and a lack of competitive import offers, sources told Metal Bulletin this week.Metal Bulletin's weekly price assessment for domestic HRC in Southern Europe went up to ?,?530-545 ($650-669) per tonne ex-works this week, compared with ?,?520-540 per tonne ex-works...Read More
Domestic prices for heavy steel plate in Southern Europe are expected to rise following an increase in slab prices, sources told Metal Bulletin on Wednesday January 24.A rise in slab prices has had a notable effect on Southern European prices because the majority of plate in the region is produced by re-rollers in Italy.Metal Bulletin's weekly price assessment for domestic grade-S235JR heavy steel...Read More
Domestic prices for hollow steel sections in Southern Europe are likely to rise over the next month, with producers facing a shortage of hot-rolled coil (HRC) in the region, sources have told Metal Bulletin.HRC prices have enjoyed a strong start to 2018 in Southern Europe thanks to a lack of available imported material at workable prices and problems with output at Italian steelmaker Ilva."[Steelm...Read More
The latest metal markets news and price moves to start the North American day on Wednesday January 24.Copper prices on the London Metal Exchange have recovered 1.3% during morning trading despite another large delivery into LME warehouses.The three-month copper price plummeted to a 2018 low of $6,885 per tonne yesterday after inventories increased a net 36,300 tonnes to 248,075 tonnes. A further 2...Read More
Good morning from Metal Bulletin's office in Shanghai, as we bring you the latest news and pricing stories on Wednesday January 24.Base metals prices were down across the board during Asian morning trading on Wednesday, with copper leading the losses following a sharp increase in red metal stocks on the London Metal Exchange overnight.LME copper inventories increased a net 36,300 tonnes to 248,075...Read More
RAPAPORT... Signet will implement a new organizational structurecomprising two separate reporting lines that will both answer topresident and chief customer officer Seb Hobbs (pictured). The move is intended to strengthen Signet's efforts to"drive profitable comparable-store sales growth and deliver exceptionalcustomer experiences," said David Bouffard, Signet's vice president of corporate a...Read More
RAPAPORT... Attendancewas strong at the January edition of VicenzaOro, spurring confidence that Italy's gold-jewelry exports would improve in 2018.Risingproduction and consumption of gold jewelry signaled a favorable outlook for thesector, said Lorenzo Cagnoni, president of organizer Italian Exhibition Group (IEG),in his opening address on January 19. "VicenzaOro January opens in a highly positive...Read More
(IDEX Online) - ALROSA has signed 67 long-term agreements with 65 companies for the sale of gem-quality and industrial rough diamonds for the new 2018-2020 contract period, the Russian miner announced. The new list of long-term clients is posted on ALROSA's sales website at http://sales.alrosa.info/rough-diamonds/long-term-contacts/our-customers-2/. The company signed agreements...Read More
MOSCOW – Russia is not discussing reducing its stake in diamond miner Alrosa in 2018, the RIA news agency quoted Alrosa CEO Sergei Ivanov as saying on Wednesday.AdvertisementRead More
RAPAPORT PRESS RELEASE, January 24, 2018, Las Vegas ... The Rapaport Group is pleased to announce the launch of the newmonthly Rapaport Research Report. The report provides unrivaled insight into transaction trends,market performance and developments throughout the diamond pipeline. Itincludes in-depth market analysis along with proprietary Rapaport diamond data.Each issue of the RapaportResearch...Read More
(IDEX Online) - The World Federation of Diamond Bourses (WFDB) has announced that dates have been set for the 2018 World Diamond Congress, the biannual meeting of the WFDB and the International Diamond Manufacturers Association (IDMA). The Congress will take place at the Hilton Hotel in Tel Aviv, from June 19 to 21. The Congress will start on June 19, with a cocktail event to take place in...Read More
RAPAPORT... Funds available for the Diamond Producers Association (DPA)to spend on generic marketing will jump to $70 million this year following anincrease in contributions from its members.The extra cash will enable the organization to grow its USmarketing and expand campaigns around the world, Jean-Marc Lieberherr, its CEO,said in an exclusive interview with Rapaport News, during the forthcomin...Read More
(IDEX Online) - In a planet threatened by uncontrolled climate change, the jewelry industry could come to be recognized as a beacon of sustainability and positive environmentalism was the message from a seminar co-organized by CIBJO and the Italian Exhibition Group (IEG) at the VICENZAORO January show. Entitled "Green and Blue Jewellery, Environmentally Sustainable Luxury," the seminar, hel...Read More