Comex copper prices fell to a one-month low on Tuesday January 23 morning in the US on the back of increased supply.Copper for March settlement on the Comex division of the New York Mercantile Exchange fell 7.05 cents or 2.2% to $3.1380 per lb. Copper on-warrant stock levels on the London Metal Exchange are now at their highest since October 20, 2017, after today's delivery. Over 40,000 tonne...Read More
I won’t pretend that I particularly enjoy impromptu religious sermons in public places. But regardless of my personal feelings, I believe people have the right to free expression, including religion and speech.But live and let live is apparently not the philosophy of New Jersey cops. When they saw two people preaching on the property of the New Jersey Transit system, they had to step in. Th...Read More
Metal Bulletin Research topped the base metals leaderboard in the Apex fourth-quarter 2017 contest, with an accuracy rating of 99.35%. Click on the image below to download the full report. Bunk Muscat's Ajit S Mauskar was second in the base metals table with an accuracy rating of 98.88%, Casper Burgering of ABN Amro was third with 98.66%. SP Angel's John Meyer and Sergey Raevskiy were fourth with...Read More
Base metals prices on the London Metal Exchange are for the most part stronger this morning, Tuesday January 23, with the complex up by an average of 0.3%.Three-month nickel prices ($12,860 per tonne) are up the most with a 0.9% gain, lead prices ($2,625 per tonne) are up by 0.6%, zinc ($3,427 per tonne) and copper prices (7,091 per tonne)are up by 0.2% and 0.3% respectively, while aluminium ($2,2...Read More
Most buyers of flat steel in the United Arab Emirates and in Saudi Arabia preferred to delay their purchasing this week because end-user demand was not strong and they expected discounts, sources told Metal Bulletin on Tuesday January 23.UAEHot-rolled coil (HRC) was offered at $600-605 per tonne cfr from China, and a buyer was bidding $580 per tonne cfr.India offered the product at $605-610 per to...Read More
CloseGain/LossGold $1341.00+$6.40Silver$17.05+$0.04XAU89.91+1.81%HUI202.74+2.57%GDM673.84+1.55%JSE Gold1265.07-3.70USD90.12-0.27Euro122.98+0.38Yen90.79+0.69Oil$64.47+$0.9010-Year2.646%-0.014T-Bond149.3125+0.625Dow26210.81-0.01%Nasdaq7460.29+0.71%S&P2839.13+0.22% The Metals: Gold gained $3.80 to $1338.40 in London before it dropped back to $1331.70 by midmorning in New York, but it then ext...Read More
China's domestic hot-rolled coil retreated on Tuesday January 23 amid weak demand, but mills have raised their offers to the export market on expectations of demand improving locally after the Chinese New Year. Domestic Eastern China (Shanghai): 4,070-4,090 yuan ($635-639) per tonne, down 20-40 yuan per tonne Northern China (Tianjin): 3,930-3,950 yuan per tonne, down 20 yuan per tonne HRC futures...Read More
COLORADO SPRINGS, CO, Jan. 23, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American:GORO) (the "Company") today announced the continued expansion of the Arista Mine's Switchback vein system with thirteen additional step-out drill holes. Intercepts include 11.35 meters of 4.19 grams per tonne (g/t) gold, 114 g/t silver and 5.53% zinc; 3.69 meters of 6.82 g/t gold, 225 g/t silver an...Read More
Graceland Updates By Stewart Thomson 1. The good news for gold keeps flowing, with institutions around the world stepping up to the buy window ever-more frequently. 2. They are clearly embracing gold as a key portfolio holding for the long term. The bottom line: institutional respect for gold as a portfolio diversifier has never been stronger than it is right now.3. On that...Read More
President Trump is giving a speech at the globalist den - the Davos conference this week. Rob Kirby from Kirby Analytics tells Silver Doctors Trump's speech will be a "show stopper" that will be the ultimate slap in the face to the globalists.Saturday was the one year anniversary of Trump's inauguration. Kirby gives his review of whether Trump has stuck to his promise of anti-globalist policies. K...Read More
China's ferrous futures fell for a second consecutive morning on Tuesday January 23. Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,886 ($606.70) per tonne, down 29 yuan per tonne May hot-rolled coil: 3,877 yuan per tonne, down 21 yuan per tonne Dalian Commodity Exchange May iron ore: 519.50 yuan per tonne, down 19.50 yuan per tonne May coking coal:...Read More
By Gary ChristensonCONCLUSIONSThe Russians did not cause global warming or a dozen other problems, but the accusations make good distractions.Blaming and taxing global warming are helpful to the financial and political elite.Gold and silver bullion and cash are less controllable by the elite, so they are discouraged.I encourage you to buy more silver! GLOBAL WARMING - CLIMATE CHANGE - GLOBAL COO...Read More
Over the last year we've seen a strong trend develop at GoldSilver.com - more and more bitcoin investors are diversifying into precious metals by buying gold and silver with Bitcoin.. In this latest video, Mike Maloney explains why he feels this is happening, and why it is a good thing. Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver....Read More
By Mike MaloneyOver the last year, we've seen a strong trend develop at GoldSilver.com: more and more crypto investors are diversifying into precious metals by buying physical gold and silver with Bitcoin. In his latest video, Mike Maloney explains why he feels this is happening, and why it is a good thing. Read More
"Gold miners are going to surprise, particularly because of low expectations," Rule said.Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advanta...Read More
By Jeff ClarkThere were some curious developments in the gold sector last year, most of which have flown under the radar of mainstream press reports. And the more they ignore what's happening, the greater the surprise to the upside will be. It could indeed be very exciting for those of us that are overweight precious metals and have stayed the course.While stocks and cryptos dominated last year'...Read More
The international trade committee of the European Parliament has now endorsed the political agreement on the modernization of the EU's trade defense instruments, the European Commission (EC) said on Tuesday January 23.The agreement was reached between the EC, the European Council and the European Parliament on December 5 last year.The changes to the EU's anti-dumping and anti-subsidy regulations w...Read More
Ray Dalio, Bridgewater Associates founder, chairman and chief investment officer, weighs in on Elon Musk's new compensation plan, the market's bull run, tax reform, Federal Reserve policy, how interest rates will likely impact asset prices, and his concerns about the two economies in the U.S. as the gap grows between the rich and poor in our country.Ray Dalio is an American businessman and founder...Read More
By Frank HolmesLast week the U.S. Global Investors office was visited by a living legend in the junior mining industry, billionaire founder and executive chairman of Ivanhoe Mines, Robert Friedland. In case you don't know, back in the mid-1970s, Robert was caretaker of an apple orchard south of Portland that one of his buddies from Reed College would often visit. That buddy's name was Steve Jobs...Read More
Prices for rebar in the United Arab Emirates and Saudi Arabia were stable this week while billet import prices in the UAE narrowed with a new deal, sources told Metal Bulletin on Tuesday January 23.Demand for imported rebar, meanwhile, was still very weak in both countries because local prices were more competitive.Domestic rebarMajor local rebar producers in the UAE announced new prices on Januar...Read More