Russian steelmakers have announced their prices for March-rolled rebar to the domestic market, cutting the offer prices only to selected trading companies, Metal Bulletin has heard.Metal Bulletin's price assessment for Russian domestic 12mm A500C rebar was 35,000 roubles ($625) per tonne cpt Moscow, including VAT, on Monday February 26. This compared with 35,000-35,500 roubles per tonne cpt Moscow...Read More

Full Article: SWOT Analysis: China In Talks To Set Up Gold Commodity CorridorBy: Frank Holmes StrengthsThe best performing metal this week was palladium, up 0.11 percent as hedge funds boosted their net bullish in the metal. Gold traders are split between bullish and bearish on the yellow metal after the U.S. dollar rose this week. In the prior week traders were bullish and positive sentiment se...Read More

By Ira EpsteinSoaring US Dollar sinks metals.https://www.iraepstein.com/ Read More

There are a group of bankers based in three cities, not Wall St., but Toronto, Vancouver, and Denver that you probably never heard of. Surprisingly they are gold stocks. They are royalty & streaming companies, otherwise known as the Three Kings (Franco-Nevada, Royal Gold, and Wheaton Precious Metals) are the non-media grabbing bankers in the mining sector. They collect their revenue from some of t...Read More

10%. That's what February's flash crash shaved off of the major US equity indexes. And now Gerome Powell, the Fed's incoming chairman, is saying that he's fine with inflation exceeding the target rate of 2%. Put another way, he's promising that monetary policy will be as loose as necessary to keep asset prices elevated and the wealth affect generating lots of debt-driven consumer spending. And -...Read More

Turkish scrap import prices continued to climb on Tuesday February 27 with news of another Baltic Sea cargo sold at the end of last week.Market participants, however, expected prices to go up even further, while suppliers have already increased their offers, Metal Bulletin was told.A steel mill in the Izmir region booked the Baltic Sea cargo late on February 23, comprising 28,000 tonnes of HMS 1&2...Read More

By Craig HemkeAfter rising together through 2012, the past five years have seen a massive divergence between the total amount of accumulated U.S. government debt and the price of COMEX gold. When, if ever, will we see this correlation reappear? After falling together through the late 1990s, the price of COMEX god and the total accumulated U.S. debt began to rise together since 2002. With the hel...Read More

Earlier this month, the United States government released its annual financial report for the year 2017. This is something the government does every year, similar Continue...Read More

By Dave KranzlerFed Head, Jerome Powell, is not an economist. He's a politician who made a lot of money at the Carlyle Group. He has an undergraduate degree in politics and went to law school. After working for awhile as a lawyer at a big Wall St. firm, Powell migrated to investment banking at Dillon Read. Powell must have built a relationship with Nicholas Brady at Dillon Read, because he jumpe...Read More

President Donald Trump announced that he will be running for re-election in 2020Continue...Read More

Iron ore prices softened slightly but stayed above $79 per tonne cfr China on Tuesday February 27 after a jump a day earlier. Metal Bulletin's 62% Fe Iron Ore Index Today: $79.15 per tonne cfr Qingdao Daily change: down by $0.21 per tonne Month-to-date average: $77.29 per tonne Metal Bulletin's 58% Fe Premium Index Today: $61.87 per tonne cfr...Read More

Prices for seaborne iron ore were rangebound on Tuesday February 27 after they rose close to the $80-per-tonne level a day earlier. Key drivers Premiums for March-delivery cargoes of Pilbara Blend fines and Newman fines continued to weaken during the day amid an increase in the number of such cargoes being offered on the market and thin buying interest among mills. Several trading sources pegged t...Read More

Graceland Updates By Stewart Thomson 1. For the past fifteen months or so, gold has repeatedly been turned back by immense technical resistance in the $1370 area.2. Please click here now. Double-click to enlarge this daily gold chart. 3. There have been three clear attempts to push through the $1370 area since November of 2016. The first two failed miserably, but the cur...Read More

Precious metals expert David Morgan tells us based on the level of base money and the amount of gold held by the U.S. Treasury, gold is headed to $10,000/oz. If silver reverts to its historic price ratio to gold, that would mean over $500 silver.Morgan also points out how an economic crisis could impact the silver supply. 75 percent of silver is mined as a byproduct of base metal mines. If the eco...Read More

By Gordon LongSLIDE 5Going into last year we were tracking close to 33 Tipping Points. We thought 33 to be high, but somewhat expected the overall number to fall off going into 2018, with fewer but those ones likely being more elevated.What we have identified however going into 2018 are 44 Tipping Points with 11 categorized as "High Risk". High Risk has traditionally been approximately 5-7 in...Read More

Local and imported rebar prices in the United Arab Emirates and Saudi Arabia remained unchanged this week although the price of billet imports into the UAE increased, sources told Metal Bulletin on Tuesday February 27.Demand for locally produced rebar in the UAE was still strong.Domestic rebarThe major rebar producers in the UAE rolled over their prices for March and April production last week.The...Read More

Gold was well bid during the equity correction but it could not breakout then and has retreated as equities have roared backContinue...Read More

- New Asian gold trading corridor could boost demand for 1 kg gold bars- Should increase turnover for yuan-denominated gold coins and bars - President- Secure supplies of physical gold from Middle East and Asia for China- China positioning itself as leading gold trading and owning nationby Karen Yeung in the SCMPThe Chinese Gold & Silver Exchange Society (CGSE), Hong Kong's gold exchange, is...Read More

China's domestic rebar prices held steady on Tuesday February 27 amid sparse trading, while export prices continued to post strong gains on mills' bullish outlook for the domestic market. Domestic Eastern China (Shanghai): 4,030-4,070 yuan ($638-644) per tonne, unchanged Northern China (Beijing): 4,100-4,140 yuan per tonne, unchanged Trading activity slowed down on Tuesday after Monday's price sur...Read More

Import prices for steel billet in Southeast Asia edged up over the past week while those for slab in the wider region including East Asia experienced sharp gains amid limited offers.Metal Bulletin's assessment of import prices for billet in Southeast Asia was $540-555 per tonne cfr for the week ended Monday February 26, up $5 per tonne from a week earlier.Prices increased after trading activity pi...Read More