Eastern China's Shagang has increased the prices for its long steel products for orders booked in the first 20 days of February.The mill is selling its HRB400 16-25mm rebar at 3,900 yuan ($582) per tonne over the February 1-20 period, up 20 yuan per tonne from its last set of prices, it said on Friday February 1.Shagang is also...Read More
The United States pig iron market continued to be plagued by uncertainty during the week ended Friday February 1 due to unclear price trends for scrap and hot-rolled coil. Fastmarkets' import price assessment for pig iron in the US was $340-345 per tonne cfr on Friday, narrowing downward from $340-350 per tonne cfr a week before.The market level was estimated by sources at $340-345 per tonne cfr i...Read More
RAPAPORT... A man allegedly stole a briefcase of diamonds worth tens ofthousands of dollars from the Israel Diamond Exchange (IDE) last week.The theft took place on Monday at InternationalDiamond Week in Israel (IDWI), which ran for three days on the trading floor ofthe Ramat Gan bourse. A man in a sharp suit calmly snatched the case from under anexhibitor's table, before walking away, according t...Read More
RAPAPORT... Revenue and profit at Titan Company rose in the third fiscalquarter, driven by the introduction of new jewelry lines in time for the festivalseason. Consolidated sales - including subsidiaries - jumped 35% yearon year to INR 59.34 billion ($830.4 million) in the three months endingDecember 31, while profit climbed 46% to INR 4.11 billion ($57.5 million), theIndian company said las...Read More
RAPAPORT... Lucapa Diamond Company sold $16.7 million worth of roughstones from its Lulo mine at the first diamond tender under Angola's newsales rules."The exceptional sale prices achieved for the Lulo diamondsreflected the highly competitive bidding from leading internationaldiamantaires and large-stone manufacturers from eight countries thatparticipated in the tender," the company said Fri...Read More
RAPAPORT... The Gemological Institute of America (GIA) will expand its ColoredStone Identification & Origin Report services to include alexandrite. The report contains the stone's basic details, includingcut, shape, weight, measurement and color. In addition, it specifies whetherthe stone is natural or lab-grown, lists any detectable treatments, and offersa research-based opinion on the g...Read More
(IDEX Online) - The IDEX polished diamond price index was almost flat on the month in January. &nbs...Read More
(IDEX Online) - Platinum jewelry is continuing to retain a strong footing in the field of love and romance-based purchases in Asia in a jewelry market that experiences consumer attitude changes and cultural shifts across regions, said Platinum Guild International (PGI). "Valentine's Day has been an important love-gifting holiday. We expect this year to not be any different," says PGI CEO Hu...Read More
(IDEX Online) - The Israel Diamond Exchange (IDE) wrapped up its International Diamond Week 2019, declaring it to be the largest and most successful of the events to date. The trade show took place on the huge IDE trading floor, the largest diamond trading hall in the world. IDWI 2019 attracted over 350 foreign buyers from over 30 countries, one-third of which were new to IDE. Over 150 Isr...Read More
RAPAPORT... Revenue and profit at Titan Company rose in the third fiscalquarter, driven by the introduction of new jewelry lines in time for the festivalseason. Consolidated sales - including subsidiaries - jumped 35% yearon year to INR 59.34 billion ($830.4 million) in the three months endingDecember 31, while profit climbed 46% to INR 4.11 billion ($57.5 million), theIndian company said las...Read More
Feb. 1st, 2019(S14-E681)Featured GuestsBill Murphy &Arch CrawfordPlease Listen HereShow HighlightsFormer NFL player Bill Murphy of GATA.org returns as fans prepare for NFL Super Bowl LIII with Tom Brady and Bill B. seeking yet another championship.The show kicks off with the current theme of mergers in the gold-mining industry suggesting further industry acquisitions in small gold-miners.Su...Read More
By: RambusBelow is a weekly chart for the GDX we've been following for a long time watching the two and a half year falling wedge completing about 8 weeks ago when we finally got the breakout. The backtest to the top rail took about seven weeks to complete with this weeks price action possibly beginning the impulse move higher. To be honest I still can't rule out another backtest to the top rail...Read More
By: Richard (Rick) Mills Venezuela is reaching for its last card as the deck collapses on President Nicolas Maduro's failed regime. The country is selling its gold in order to provide liquidity for imports of basic goods.ou know your regime's days are numbered when you start eyeing your bullion. Indeed gold's status as store of value, as money, the only currency available when yours is wort...Read More
By: Ira EpsteinMetals look ready to start consolidation of recent rally:Read More
Dear Friend of GATA and Gold:GATA consultant Robert Lambourne's report yesterday about the gold trading signified by the December financial statement of the Bank for International Settlements speculated that the bank's use of gold swaps might mean to recover gold for central banks that are inconveniently short in their official reserves:http://www.gata.org/node/18825In response to Lambourne's an...Read More
By: Robert LambourneSaturday, February 2, 2019Disclosures in the recent monthly statements of account published by the Bank for International Settlements show that the bank is still actively trading in gold swaps, which the bank uses to gain access to gold held by commercial banks.There is not enough information in the monthly reports to calculate the exact amount of swaps. But based on December...Read More
All Models Are Wrong, but Some Are UsefulStarting Valuation MattersEmpty QuarterFun with Forecasting: Choosing Your Time PeriodsLate in the CycleRemoving EmotionsCan It Get Any Better Than This?Puerto Rico, Dallas, Cleveland, Cleveland, Cleveland, and ???"Plans are worthless, but planning is everything." US President Dwight D. EisenhowerThere are many versions of that Eisenhower quote he learn...Read More
The question of the Democrats to win in 2020 by constantly investigating Trump and links to Putin is rising to the surface. While the Democrats blame Putin for Continue...Read More
"You have a young and energetic gentleman but you have other people within that same group that have been very, very - if you talk about democracy - it's really democracy in action," Continue...Read More
"We're going to keep watching and we're going to keep seeing and if there's trouble, if somebody is looking to do nuclear weapons or other things, we're going to know it before they do."Continue...Read More