Comex copper prices consolidated in the US morning on Tuesday January 2 after trading around a four-year high at the end of 2017. Copper for March settlement on the Comex division of the New York Mercantile Exchange dipped 1.20 cents or 0.4% to $3.2885 per lb. Earlier today, prices were in positive territory after Chinese manufacturing data surprised to the upside. But after closer inspection and...Read More
Base metals traded on the London Metal Exchange are for the most part consolidating this morning, Tuesday January 2, with lead the exception where prices are up 0.6% at $2,514 per tonne. The rest are little changed with copper prices at $7,254 per tonne, but trading volume has been high at 11,821 lots as of 7.30am London time. This comes after an overall positive close to the year on Friday Decemb...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Jack Chan's Weekly Precious Metals Market UpdateSource: Jack Chan for Streetwise Reports January 2, 2018 (Investorideas.com Newswire) Technical analyst Jack Chan charts the latest movements in the gold and silver markets, noting buy signals for both gold an...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Copper Outlook at Critical Juncture and Implications for the Silver PriceSource: Clive Maund for Streetwise Reports January 2, 2018 (Investorideas.com Newswire) Technical analyst Clive Maund delves into the reasons behind copper's recent rise and what that...Read More
With resignations, acquisitions and co-operation agreements, the last few weeks of 2017 were unusually busy for many European steel companies. Metal Bulletin brings together some of the more important stories from the festive period.British Steel chief resigns British Steel has started 2018 without a permanent chief executive officer, after the resignation of Peter Bernscher on December...Read More
Flat steel buyers in the United Arab Emirates and Saudi Arabia preferred to wait for new prices to be announced before making any new purchases, sources told Metal Bulletin on Tuesday January 2.There was no new price published after the New Year holiday, and the domestic markets in those countries were trying to get used to the imposition of 5% VAT on January 1, 2018.However, most buyers were expe...Read More
Nothing should happen to your body without your consent.Seems pretty straightforward. Yet our society is predicated on ignoring consent.Recently we have heard all about famous and powerful people ignoring consent when it comes to sexual advances.But consent is just as important when it comes to labor, for instance. Completely forced labor is slavery.Taxes also amount to a less intense form of forc...Read More
As competition in the global steel markets remains fierce, Metal Bulletin provides an update on the new, progressing and closed trade cases from around the world in December 2017.The case list below includes only updates. For other continuing cases in 2017, see the January, February, March, April, May, June, July, August, September, October and November updates.INVESTIGATING REGIONProductOrigin of...Read More
With resignations, acquisitions and co-operation agreements, the last few weeks of 2017 were unusually busy for many European steel companies. Metal Bulletin brings together some of the more important stories from the festive period.British Steel chief resigns British Steel has started 2018 without a permanent chief executive officer, after the resignation of Peter Bernscher on December...Read More
Turkey's ministry of economy removed the country's import duty on rebar on Monday January 1, sources told Metal Bulletin this week.The ministry had previously cut the import tax to 10% from the previous 30% on July 28, due to high domestic rebar prices.Metal Bulletin's weekly price assessment for domestic...Read More
CloseGain/LossGold $1318.20+$15.00Silver$17.17+$0.23XAU88.14+3.36%HUI198.60+3.27%GDM666.00+2.30%JSE Gold1317.36+13.77USD91.86-0.44Euro120.65+0.62Yen89.12+0.31Oil$60.37-$0.0510-Year2.458%+0.047T-Bond151.84375-1.15625Dow24824.01+0.42%Nasdaq7006.90+1.50%S&P2695.79+0.83% The Metals: Gold gained $11.20 to $1314.40 in midmorning New York trade before it pared back heading into midday, but it the...Read More
By Ira EpsteinGold and silver have a nice start to the year. Budget talks will be in focus.https://www.iraepstein.com/ Read More
By Jordan Roy-Byrne There are very few sellers leftThere were very few sellers left in January 2016 when the devastating "forever bear" was about to end. Six months later and a 150% rebound in the large caps and 200% rise in the juniors (GDXJ) provided sellers an opportunity. They drove the miners and juniors down by 40% to 45% in less than five months. However, both GDX and GDXJ have been able...Read More
Source: Jack Chan for Streetwise Reports 01/02/2018 Technical analyst Jack Chan charts the latest movements in the gold and silver markets, noting buy signals for both gold and silver at the close of 2017. -->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...Read More
Prices for imported steel billet and rebar in the UAE and Saudi Arabia have increased, while domestic rebar prices in the UAE have remained stable, sources told Metal Bulletin this week. Demand for locally produced rebar, meanwhile, was strong in and market participants expect prices to increase. Billet Iranian mills were offering billet at $535-540 per tonne cfr to the UAE, while billet from Gulf...Read More
Graceland Updates By Stewart Thomson 1. The world's most awesome asset is taking the world gold community into the new year with grand style. Please click here now. Double-click to enlarge. Gold has stunned most analysts and roared to my $1310 target price without missing a heartbeat!2. The bull wedge pattern is both majestic and powerful. The ultimate price target of this p...Read More
Gold has broken the $1300 resistance point. How much higher will it go? We've been at this point several time, however, this could be the one that propels gold much higher. The cycles guys have been saying it for a while. But it might just be a seasonal bounce. The key is if it breaks last year's monthly high of $1350. In other news, debt continues to climb higher around the globe and military ten...Read More
By Dave KranzlerI experienced a real eye-opener this past week. The lease on my fiance's Audi A3 terminates soon. I was scanning the "pre-owned" inventory at the two largest Audi dealers in Denver expecting to see some good deals on 2013/2014 Audi A4's that had come off lease. Instead, I was shocked to see at both dealers a large selection of 2016/2017 A4s with less then 20k miles. Some under 10...Read More
Join Mike Maloney for his latest report on what he expects for 2018. Bitcoin, stocks, gold and silver are all covered in this in-depth look at today's financial climate...strap in because this is not going to be pretty - unless you are a precious metals or crypto investor.Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global l...Read More
By Frank HolmesStrengths? In the final week of the year, the Bloomberg survey of analysts and traders showed the majority of respondents are bullish on the gold price for a third straight week. The yellow metal will end 2017 on a strong note closing out the year with a 13.09 percent gain for spot prices, while the U.S. dollar will see its worst year in more than a decade. Silver...Read More