- "History is due to repeat itself" warns Ray Dalio on Bloomberg- "I think it will be more of a dollar crisis than a debt crisis" says Bridgewater Founder- "It will be more of a political and social crisis..."- "Balance is key" and if going to be active investor, you need to be contrarian and "buy when there is blood in the streets"- Bridgewater continues to own gold and Dalio views gold as a cu...Read More
The export market for pig iron from the Commonwealth of Independent States has weakened further on weak key outlets the United States and Ukraine. Metal Bulletin's export price assessment for high-manganese pig iron from the CIS has narrowed down to $365-370 per tonne fob Black Sea on Thursday September 20, from $365-375 per tonne fob a week before.Pig iron from Ukraine was heard to be sold to the...Read More
CloseGain/LossGold $1207.30+$3.80Silver$14.31+$0.07XAU66.79+0.16%HUI144.27-0.08%GDM526.59+0.99%JSE Gold1048.32-8.79USD93.89-0.66Euro117.82+1.09Yen89.04-0.21Oil$70.80-$0.3210-Year3.068%-0.012T-Bond140.4375+0.53125Dow26656.98+0.95%Nasdaq8028.23+0.98%S&P2930.75+0.78% The Metals: Gold dipped $2.10 to $1201.40 in Asia before it climbed up to $1208.40 by a little after 10AM EST...Read More
Turkish domestic and export billet prices have dropped over the past week due to softening demand, market sources told Metal Bulletin.Import prices inched up, meanwhile, reflecting higher offers from the CIS region, those sources added on Thursday September 20.Metal Bulletin's weekly price assessment for billet imports into Turkey was $485-500 per tonne cfr, widening upward from last week's...Read More
Turkish rebar and wire rod export prices fell over the past week due to softening demand in both markets, sources told Metal Bulletin on Thursday September 20.Metal Bulletin's weekly price assessment for rebar exports out of Turkey was $510-515 per tonne fob on an actual weight basis, down from last week's $515-520 per tonne.Steel mills in the country have lowered their offers to $515-520...Read More
The latest metal markets news and price moves to start the North American day on Thursday September 20.Base metals prices on the London Metal Exchange were little changed during morning trading on September 20, with the complex stabilizing after recent volatile trading conditions.The three-month aluminium price edged up $4.50 but lacks any concrete direction, with the market continuing to wait for...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Thursday September 20.Tin prices on the Shanghai Futures Exchange moved higher during Asian morning trading on Thursday amid healthy fundamentals. The most-traded January tin contract price on the SHFE rose to 145,880 yuan ($21,295) per tonne at 9.59am Shanghai time, up 1,210 yuan per tonne fr...Read More
Steve St. Angelo reports that sales of American Silver Eagles are surging, and there are still 10 days remaining in September! Here are the details...by Steve St Angelo of SRSrocco ReportThe sales of Silver Eagles surged in September as the U.S. Mint removed their temporary supply restriction. As the silver price continued to trend to new lows at the beginning of the month, several large purchas...Read More
Many experts analyze silver's bull run of the early 2000s, but few analysts are looking at what silver was doing in 1993. Here's why they should... by Hubert Moolman of HubertMoolman.wordpress.comA key difference between silver and gold prices is the fact that silver already bottomed in 1993, whereas gold bottomed only in 1999.This means that from 1993 to 1999 silver was actually in an uptrend...Read More
Base metals prices on the London Metal Exchange edged mostly higher at the close on Thursday September 20, but the complex lacked fresh directional news. Zinc continued its strong performance with the three-month price trading 1% higher over the course of the day. It had strong trading volume, registering over 10,000 lots traded by the close. "Given how oversold zinc has been recently, we would gi...Read More
Comex copper prices were trading at the highest level since late August for the second consecutive day on Thursday September 20, with the dollar plummeting to a fresh low in the US morning. Copper prices for December settlement on the Comex division of the New York Mercantile Exchange gained 0.10 cents or 0.1% to $2.7305 per lb. Yesterday, the contract touched the highest point August 28. Even ami...Read More
The latest metal markets news and price moves to start the North American day on Thursday September 20.Base metals prices on the London Metal Exchange were little changed during morning trading on September 20, with the complex stabilizing after recent volatile trading conditions.The three-month aluminium price edged up $4.50 but lacks any concrete direction, with the market continuing to wait for...Read More
Base metals prices on the London Metal Exchange edged mostly higher at the close on Thursday September 20, but the complex lacked fresh directional news. Zinc continued its strong performance with the three-month price trading 1% higher over the course of the day. It had strong trading volume, registering over 10,000 lots traded by the close. "Given how oversold zinc has been recently, we would gi...Read More
Trading centers quiet during Jewish holidayperiod. Hong Kong show reflects uncertainty over US-China trade tensions, withTyphoon Mangkhut disrupting activity at the fair. Slower growth expected in 2Has Chinese consumer sentiment weakens ahead of Oct. 1 Golden Week. Steadydemand for 0.30 to 1 ct., G-L, VS-SI diamonds. Rough market cautious, withlower supply for pre-Diwali manufacturing. Johan Dippe...Read More
Market quiet with many dealers at Hong Kong fair. Small goods weak, with prices softening. Suppliers holding prices relatively firm on certified goods, despite buyers pushing for higher discounts. Local purchasers cautious due to weak rupee (INR 72.85/$1). Polished production restrained due to low profit margins and tight liquidity. Local jewelry sales stable. RoundRead More
RAPAPORT... Tiffany & Co. has launched a new engagement-ringcollection that debuts a new cut and setting."Tiffany has symbolized the ultimate in love and commitmentsince 1886 with the invention of the original Tiffany Setting," chiefartistic director Reed Krakoff said earlier this week. "Now, with the launch of Tiffany True with itsunique setting and expert cut, we are introducing a supreme ex...Read More
RAPAPORT... Jewelry sales increased globally in the second quarter,according to market research released by Russian miner Alrosa.The average global growth rate was 5% year on year, led bysales in Asia Pacific, which jumped 17% over the same period last year, it said Wednesday. Theregion's growth was driven by higher demand in China, and increased touristtraffic in Hong Kong and Macau. Sales in Nor...Read More
Key data from the Wednesday September 19 pricing session in Europe.Key drivers Thin stocks among traders continued to fuel price increases in the European market, with offering prices surging past $100 per kg for the first time since 2005. While consumer activity has been somewhat thin this week, spot interest from traders has been sufficient to drive the precipitous price rise. However, som...Read More
(IDEX Online) - Sales of jewelry increased in all of the world's key regions, except for India, in Q2 of 2018, ALROSA reported. The average global growth rate was 5% higher than during the same period last year. "Notably, in Asia Pacific, the figures were as high as 17%. The positive dynamics resulted from the continuing expansion of various local players, made possible by the mounting...Read More
The South African mining industry, once the backbone of economic growth, intensive job creation and development in the country, is in constant decline, owing to the slow rates of research and development into newer, safer, modernised, mechanised and continuous mining methods.A key pillar of improved mining efficiency and safety for personnel – as mining takes place at greater depths to acces...Read More