The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transactions: billetBillet Iran, export, billet, traded at $518 per tonne cfr,...Read More
Timeis more important than price. That’s what we – investors – are often made tobelieve regarding the future price movement. And rightfully so. The price couldreach a bottom several dollars ahead of the predicted price target or it couldbreak through it, leaving investors wondering, if there was a breakdown andthus they should expect to see another big downswing shortly. With tim...Read More
Prices for imported steel billet in the UAE have increased this week while rebar prices in that country and in Saudi Arabia have remained stable, sources have told Metal Bulletin.Demand for imported rebar, meanwhile, was very weak in both countries because local prices were more competitive.BilletIranian mills were offering billet at $520-525 per tonne cfr to the UAE for late-March delivery, while...Read More
Since the late '90s, the US has increasingly financed its "growth" with debt.As a result, the amount of debt in the system, relative to GDP, has skyrocketed.The notion that we can "grow our way" out of this is ridiculous. The US Government has brought in RECORD amount of taxes since 2014... and the Government has STILL runs $400+ Billion deficits Every. Single. Year.Put another way, the US Governm...Read More
Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, discuss gold's recent moves and potential signs of a bull market.Gold is up nine of the last 12 Januaries with an average gain of over 4%, and the trend has continued in 2018 with gold reaching an intraday high of $1,327 so far this year. From December 19 of last year, gold rose 10 trading days in a row. Is this another rally destined to di...Read More
Since the late '90s, the US has increasingly financed its "growth" with debt.As a result, the amount of debt in the system, relative to GDP, has skyrocketed.The notion that we can "grow our way" out of this is ridiculous. The US Government has brought in RECORD amount of taxes since 2014... and the Government has STILL runs $400+ Billion deficits Every. Single. Year.Put another way, the US Governm...Read More
Chinese ferro-silicon prices continued to soften over the past week amid operational restarts in the country's Ningxia province, while the European market reached new highs on tightened supply. Chinese domestic prices edge lower amid production restarts Chinese exporters drop offers amid lack of buying interest European market realizes new highs on thin supplyUS spot market falls dormant, prices o...Read More
I told subscribers to expect $1320 to function as a headwind for gold on this rally, and that's happening right on schedule. This is the important weekly gold chart.Note that the two biggest volume bars both occurred as key events in India occurred. It could be said that when America catches a general stock market cold, world markets get the flu.Horrifically, when India catches the gold demand sni...Read More
Since the late '90s, the US has increasingly financed its "growth" with debt.As a result, the amount of debt in the system, relative to GDP, has skyrocketed.The notion that we can "grow our way" out of this is ridiculous. The US Government has brought in RECORD amount of taxes since 2014... and the Government has STILL runs $400+ Billion deficits Every. Single. Year.Put another way, the US Governm...Read More
CloseGain/LossGold $1314.00-$6.00Silver$17.00-$0.12XAU84.95-1.55%HUI192.30-1.33%GDM647.49-1.30%JSE Gold1286.67-32.45USD92.51+0.17Euro119.39-0.28Yen88.88+0.41Oil$62.96+$1.2310-Year2.548%+0.069T-Bond150.21875-1.50Dow25385.80+0.41%Nasdaq7163.58+0.09%S&P2751.29+0.13% The Metals: Gold fell $11 to $1309 in midmorning New York trade before it bounced back higher into the close, but it still ended...Read More
Gold and silver premiums have been following the demand for physical metal lower in recent months. As investor selling ticked up, popular bullion products poured back into dealer inventories. The result has been some of the lowest premiums we've seen in a decade for items like gold and silver American Eagles.The "premium" is the amount over the market price for gold ( ) or silver commanded by a...Read More
Vanadium pentoxide (V2O5) and ferro-vanadium prices had a strong start to 2018 last week, with supply concerns in focus as the markets came back from the Christmas break. Chinese V2O5 prices soar with upstream constraints in focusFerro-vanadium leads the way in Europe US ferro-vanadium prices higher but spot activity 'just getting started'Vanadium prices in China jumped last week amid limited sup...Read More
Since the late '90s, the US has increasingly financed its "growth" with debt.As a result, the amount of debt in the system, relative to GDP, has skyrocketed.The notion that we can "grow our way" out of this is ridiculous. The US Government has brought in RECORD amount of taxes since 2014... and the Government has STILL runs $400+ Billion deficits Every. Single. Year.Put another way, the US Governm...Read More
By Jordan Roy-Byrne CMT, MFTA The rally in Gold and gold mining stocks easily surpassed our expectations and targets. The strength has been far more than we anticipated. The gold stocks blew past their 200-day moving averages while Gold blew past $1300/oz. Now it is time to take a technical look and focus on the key support and resistance targets. The strength of the rebound pushed the miners...Read More
Welcome to 2018. So far it looks the same as 2017. The President of the United States ended the old year and began the one with a barrage of tweets, including one threatening nuclear annihilation with the "Little Rocket Man" of North Korea. The world can only hope they keep it to each other and not involve the rest of us. Markets did well in 2017 as they have for the past eight years. Bitcoin did...Read More
MGX Minerals Announces Major Advancement in Mass Storage Battery Technology; Solves Zinc Dendrite Formation LimitationVANCOUVER, BRITISH COLUMBIA / January 9th, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to announce wholly owned subsidiary ZincNyx Energy Solutions, Inc. ("ZincNyx") has solved the long standing reliability issue caused by the g...Read More
Graceland Updates By Stewart Thomson 1. I told subscribers to expect $1320 to function as a headwind for gold on this rally, and that's happening right on schedule. To understand the nature of this headwind, please click here now. Double-click to enlarge this important weekly gold chart.2. Note that the two biggest volume bars both occurred as key events in India occurred. It...Read More
The World is $233 Trillion In Debt: It's Time to Rebalance To Gold- Record level global debt level hit $233 trillion in Q3 2017- World's per capita debt now more than $30,000- UK personal debts climbed to the highest level since credit crunch, reaching more than ?200bn- US consumer credit highest jump in 2 years by 8.8% in November to $3.83 trillion- BofE warn UK banks could incur ?30bn of losse...Read More
Since the late '90s, the US has increasingly financed its "growth" with debt.As a result, the amount of debt in the system, relative to GDP, has skyrocketed.The notion that we can "grow our way" out of this is ridiculous. The US Government has brought in RECORD amount of taxes since 2014... and the Government has STILL runs $400+ Billion deficits Every. Single. Year.Put another way, the US Governm...Read More
Full Article: Gold Getting Ready To Make Big MoveBy: Todd "Bubba" HorwitzGold has had a monster rally of almost $90 over the last 19 trading days. What looked like a breakdown turned into a great buying opportunity or a short squeeze. On Thursday, gold looked like it had the final blow-off to the upside on heavy volume, making a high at $1,327.30 in the February futures. Since Thursday, gold has...Read More