David SmithIn late December 2019, a bill from the German finance ministry - which had passed the lower legislative house - proposed lowering the "anonymous purchase limit" for precious metals from EUR10,000 to EUR2,000 (about $2,200), a reduction of 80%.At the current price, one could buy less than one and one-half troy ounces of gold without activating customer ID paperwork, and for businesses...Read More

Steve St. Angelo, SRSrocco Report The majority of precious metals investors do not understand the important fundamental factor to acquire and hold gold and silver. While most precious metals analysts promote investing in gold and silver due to the highly leveraged money supply, debt, and derivatives, they fail to warn about the "Energy Impact Factor." In my newest video update, The Amazing...Read More

By: Robert LambourneSince May 2019 the Bank for International Settlements, which represents most central banks, has increased its use of gold swaps and other gold-related derivatives from an estimated 78 tonnes to an estimated 313 tonnes as of December 2019.The bank's total gold swaps and derivatives stood at 250 tonnes in November 2019.The BIS uses gold swaps and other gold derivatives to gain...Read More

Dave KranzlerThe total US market valuation at $33.9 trillion is 157.4% of the last reported GDP. It's the highest market valuation ever. The more the policy-makers try to pump and jawbone the market higher, the worse the consequences will be on the downside when the rug is pulled out from under stocks. The trigger could be anything. Eventually the market will acknowledge and accept the fact th...Read More

By: Ira EpsteinGold higher lows and higher highs. $1,567.90 key short-term support. 18-dma at $1,568+Read More

The London Metal Exchange three-month lead price was higher by close of trading on Friday January 31, regaining the bulk of losses made earlier in the week against moderately low turnover, while tin futures similarly made gains over the afternoon.Lead's underlying price on the LME closed at $1,879 per tonne this afternoon, recovering from an intraday low of $1,828 per tonne, while turnover was at...Read More

Chilean state-owned copper producer Codelco has appointed Jos?(C) Sanhueza Reyes, currently general manager of the Ventanas division, to the newly created role of smelter and refinery vice president, the company said on Friday January 31.The promotion will become effective on March 1, when Reyes will become responsible for all...Read More

Just as China and the United States started to reach a deal and trade tensions eased, providing some longed-for certainty, the novel coronavirus (2019-nCov) has again increased fear and uncertainty in the steel and feedstock markets.Although there may be no impact of the coronavirus on China's GDP in the long run, we have already passed the point of "no effect" on the market, as raw material price...Read More

The London Metal Exchange three-month lead price was higher by close of trading on Friday January 31, regaining the bulk of losses made earlier in the week against moderately low turnover, while tin futures similarly made gains over the afternoon.Lead's underlying price on the LME closed at $1,879 per tonne this afternoon, recovering from an intraday low of $1,828 per tonne, while turnover was at...Read More

The price of stainless steel in the European domestic market was unchanged this week, despite monthly allow surcharges increasing slightly for February, sources told Fastmarkets on Friday January 31.In fact, prices are more likely to move down than up because of recent losses in the nickel market, sources said. The February surcharges are based on alloy component prices during the period December...Read More

Seaborne iron ore prices were flat on Friday January 31 while the widespread coronavirus has cast a bearish outlook into the market.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $84.94 per tonne, unchanged.62% Fe Pilbara Blend fines, cfr Qingdao: $83.98 per tonne, unchanged.62% Fe low-alumina fines, cfr Qingdao: $86.55 per tonne, unchanged.58% Fe fines high-premium, cfr Qingdao: $71.60 pe...Read More

SD Friday Wrap: Gold is relieving the symptoms right now, but very soon the people will realize that if they want the cure, then it's found in silver...Experience.Street-cred.Been there, done that, got the dang shaft.Or whatever it is that they say?Been around the block?Oh yeah, that too.Indeed I have.Let's see.Now.Here's an example - cars and trucks.I like driving them, and I like owning them.We'...Read More

An overview of the noble alloys markets and their latest price moves.Read More

Key data from the pricing sessions in Europe, the United States and Asia for the week ending Friday January 31. Europe The high-carbon ferro-chrome market ticked up with demand continuing to recover and contract customers increasing their tonnages, according to some producers. But there were also reports of...Read More

New drilling at the Cozamin copper-silver mine will allow the Canadian producer to double its annual copper and silver production by 2021."After 13 years since we started mining, we continue to surface incredible value for all stakeholders with the drill bit," Darren Pylot, Capstone Mining's president and chief executive officer said in a statement.The Cozamin mine currently produces 35 million lb...Read More

Chilean state-owned copper producer Codelco has appointed Jos?(C) Sanhueza Reyes, currently general manager of the Ventanas division, to the newly created role of smelter and refinery vice president, the company said on Friday January 31.The promotion will become effective on March 1, when Reyes will become responsible for all...Read More

An overview of the battery raw materials markets and their price moves from the past week.Read More

The price of stainless steel in the European domestic market was unchanged this week, despite monthly allow surcharges increasing slightly for February, sources told Fastmarkets on Friday January 31.In fact, prices are more likely to move down than up because of recent losses in the nickel market, sources said. The February surcharges are based on alloy component prices during the period December...Read More

A summary of Nornickel's full-year production results 2019. Production for all key metals increased year on year in 2019 due to ongoing ramp ups at the company's majority-owned Bystrinsky project in Chita, Siberia. Nickel output increased by 5% over the period to 229,000 tonnes due to output increases at Nornickel's refining operations on the Kola Peninsula...Read More

The supply-demand dynamics in the global copper market were likely to turn into a deficit in 2020, helping to boost the average price to $2.85 per lb during the year, Chilean state copper commission Cochilco said on Thursday January 30.The shortage of copper output to meet expected demand was expected because the world's consumption of the red metal will go up this year while the volume of copper...Read More