Recent News

Premiums on Coins, Bars, and Rounds May Finally Have Bottomed

January 09, 2018 / news.goldseek.com

By Clint SiegnerGold 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 com...Read More

Long Term Trends Reversing

January 09, 2018 / news.goldseek.com

By Gary SavageJoin me in a look at the long term trends that are currently reversing in gold, silver, dollar, euro and the yen.https://blog.smartmoneytrackerpremium.com/ Read More

Technical Scoop - Weekend Update Jan 8

January 09, 2018 / news.goldseek.com

TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12January 8, 2018 "I would say Happy New Year but it's not happy; it's exactly the same as last year except colder." Robert ClarkWelcome 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,...Read More

It's Time for the Fear Trade to Move Gold Prices

January 09, 2018 / news.goldseek.com

By Frank HolmesThe price of gold and gold mining stocks were very competitive in 2017. The yellow metal ended the year up a little more than 13 percent its best year since 2010 while gold stocks, as measured by the NYSE Arca Gold Miners Index, gained more than 11 percent. All of this occurred even as large-cap stocks regularly closed at all-time highs and cryptocurrencies invited massive specula...Read More

World is $233 Trillion In Debt: UK Personal Debt At New Record

January 09, 2018 / news.goldseek.com

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

Asian Metals Market Update: January-9-2018

January 09, 2018 / news.goldseek.com

Gold and silver will see a sell off if they fail to break key resistances of $1327 and $1740. Copper needs to trade over $318.40 for the rest of the week to prevent a sell off. Crude oil looks headed for $65.00. Crypto currency volatility (I will not call it a sell off) should be positive for bullion. Chinese demand will zoom in bullion before their New Year next month. Chinese buyers will be us...Read More

Brazilian exports of steel slab, billet up in 2017

January 09, 2018 / www.metalbulletin.com

Brazilian exports of carbon steel slab and billet increased in 2017, according to the country's foreign trade ministry, MDIC.Exports of carbon steel slab reached 7.3 million tonnes in 2017, up 23.49% from the 5.91 million tonnes exported in 2016, according to the figures released late last week.The US was the largest...Read More

INTL FCStone merges LME, precious metals units under Canham; Leonard to retire

January 09, 2018 / www.metalbulletin.com

INTL FCStone has merged its London Metal Exchange and precious metals departments, with the new unit headed by Barry Canham, the company said. In an email to the company's global metals team and seen by Metal Bulletin, INTL chief executive officer (CEO) for EMEA and Asia Philip Smith said that the move was made following the decision by Malcolm Leonard to retire after 46 years working in LME metal...Read More

LIVE FUTURES REPORT 09/01: LME nickel price continues rally bucking overall lower trend

January 09, 2018 / www.metalbulletin.com

Base metals prices on the London Metal Exchange were mostly lower at the close on Tuesday January 9, with only nickel trading in positive territory. The three-month nickel price climbed $160 per tonne higher while the cash/January-2018 nearby spread moved into a $3 per tonne backwardation. "The LME nickel market has tightened slightly since the start of the year, judging by the contraction in the...Read More

Here's My Latest Silver Price Target for 2018

January 09, 2018 / moneymorning.com

Peter KrauthAfter such a persistent three-week advance, it seems silver is taking a well-deserved break.With this week's slight pullback in mind, I've just released my newest silver price target…That silver price rally was fueled, at least in part, by a retreating U.S. dollar, whose index (the DXY) peaked at 94.10 on Dec. 11 and recently hit a low of 91.85.It was a 2.4% drop in as little as...Read More

2018 PREVIEW: High zinc prices could ultimately lead to irreversible substitution in alloys sector

January 09, 2018 / www.metalbulletin.com

High zinc prices could eventually lead to an irreversible dent in consumption of the metal, specifically in the form of zinc alloys in electric vehicles, market participants told Metal Bulletin.Substitution out of zinc is likeliest in the alloys sector, a zinc producer told Metal Bulletin, estimating that up to 3-5% of usage of metal at current levels could be at risk - albeit over a matter of yea...Read More

LIVE FUTURES REPORT 09/01: Comex copper softens Tuesday morning

January 09, 2018 / www.metalbulletin.com

Comex copper prices weakened Tuesday January 9 morning in the US, although the complex remains well-supported due to positive Chinese and US data released in the past few weeks.Copper for March settlement on the Comex division of the New York Mercantile Exchange dipped 0.70 cents or 0.2% to $3.2170 per lb."We remain bullish for copper's fundamentals and the price's action seems to be supporting th...Read More

NORTH AMERICAN MORNING BRIEF 09/01: Stronger dollar weighs on LME base metals; seaborne iron ore market rises on cyclone risk; Mechel CFO resigns

January 09, 2018 / www.metalbulletin.com

The latest metal markets news and price moves to start the North American day on Tuesday January 9.Base metals prices on the London Metal Exchange were on divergent paths this morning, with only copper and nickel continuing to edge higher.Here is how the LME base metals complex looked at 11.59am London time:For a snapshot of exchange news, check out our live...Read More

EUROPEAN MORNING BRIEF 09/01: DLA tungsten ore, concs sale; Chinese ferro-silicon prices; vanadium pentoxide, ferro-vanadium prices

January 09, 2018 / www.metalbulletin.com

Good morning from Metal Bulletin's office in Singapore, as we bring you the latest news and pricing stories on Tuesday January 9. Base metals prices on the Shanghai Futures Exchange were mostly higher during Asian morning trading on Tuesday, with copper prices finding slight support from potential supply-side constraints, while tin was the lone metal in negative territory. Check Metal Bulletin's l...Read More

India's GJEPC Hires Marketing Chief

January 09, 2018 / www.diamonds.net

RAPAPORT... The Gem & Jewellery Export Promotion Council (GJEPC) hasrecruited Ruchita Sharma as executive director for promotions, marketing andbusiness development, the Indian trade organization said Tuesday.Sharma, an experienced luxury marketer and executive, willalso be responsible for national and international events, logistics andinternational ventures, the GJEPC added. She has been in...Read More

G? 1/4 belin to Build Blockchain for Colored Gemstones

January 09, 2018 / www.diamonds.net

RAPAPORT... G? 1/4 belin Gem Lab has partnered with developer Everledger to establish a blockchain digital ledger for colored gemstones. The Provenance Proof Blockchain tracks gemstones throughout theirlifespan until they reach the end consumer, the Swiss-based lab said Tuesday. G? 1/4 belin plans to implement itssystem across all segments along the supply chain, including miners,dealers, cut...Read More

Stuller Buys Welding and Engraving Firm

January 09, 2018 / www.diamonds.net

RAPAPORT... Stuller has acquired laser-welder and engraving companyB&D Sales Corporation, the Louisiana-based jewelry manufacturerannounced Monday. Partnering with B&D will allow Stuller to expand itsproduct line, broaden its equipment services, and meet clients' changing needs,according to Danny Clark, Stuller's president. "We are thrilled to be adding additional equipment andservice opti...Read More

GSI's Azar Spreads Positive Diamond Messaging on US Radio

January 09, 2018 / www.idexonline.com

(IDEX Online) - Debbie Azar, co-founder of Gemological Science International (GSI), took to the radio waves recently, participating in interviews on "The Ultimate Gift of Love: Diamonds - What to Know Before Making Those Sparkling Holiday Purchases", the GSI said.   Azar reached approximately 7.7 million listeners and appeared on 286 radio broadcast airings (some live, some syndicated) across...Read More

GIA Unveils Plans for Labs in Surat and Antwerp

January 09, 2018 / www.diamonds.net

RAPAPORT... The Gemological Institute of America (GIA) will this year opena laboratory in Surat, and expand its operations in Antwerp to include diamondgrading.The GIA has secured premises for the two locations, and expects to open both in the second quarter, it saidMonday. The Surat laboratory will bring the GIA's services -including its Melee Analysis Service for detecting synthetics - closer to...Read More

GIA to Open Lab in Surat, Expand Antwerp Presence This Year

January 09, 2018 / www.idexonline.com

(IDEX Online) - GIA will open a new laboratory in Surat, India, and expand its long-term presence in Antwerp, Belgium, in the second quarter of 2018 to meet the needs of the global gem and jewelry industry.   The GIA said that it has secured premises for both locations.   "Expanding our facility in Antwerp and opening a new location in Surat continues GIA's mission-driven effort to bring...Read More

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