Dave Kranzler says silver will in fact soar in price, but this needs to happen first. Here's the details...by Dave Kranzler of Investment Research DynamicsThere's been an abundance of commentary on the net long position of the "Swap Dealers" in Comex silver futures per the COT report. As of the latest COT report, the Swap Dealers are net long almost 22k silver contracts. This is unprecedente...Read More
China's ferrous futures were largely flat during morning trading on Tuesday April 10 after gains during the previous night's session.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,423 ($543) per tonne, unchanged October hot-rolled coil: 3,523 yuan per tonne, unchanged Dalian Commodity Exchange September iron ore: 451 yuan per tonne, down 1 yuan per tonne Septem...Read More
By Larry LaBorde What is truth? I suppose that question has caused more than one person to sit and think for a while. In today's society we have more information at our fingertips than ever before. The great libraries of the world cannot compare with the data available from a single smart phone. But with so much data how do we determine truth. I read the other day about an internet...Read More
Peter KrauthThe price of silver remains in a narrow trading range, with last week's retreat almost perfectly mirroring the gains of the previous week. Silver prices today (Tuesday) are mostly flat, up just 0.73% in early morning trading.That's exactly the kind of frustrating action we see in bull markets that causes such angst in retail investors. It's easy to lose patience and look to other secto...Read More
The Syrian government is being blamed for another gas attack. Then, Israel is blamed for a missile strike on a Syrian air base killing 14 people including Iranians. There are major problems with what is being played out in the Middle East that other media are just going to ignore. But we won't. Let's give it a Reality Check.Read More
Clive Maund is expecting an imminent spike in silver with a panic wave of short covering. Here's the details...by Clive Maund of Streetwise ReportsWe now have the most bullish setup for silver that we have ever seen. After trading sideways/down for over 20 months now, investors have completely lost interest in it, which is, of course, the perfect breeding ground for a huge rally that seems to come...Read More
Prices for imported steel billet in the United Arab Emirates decreased this week, while rebar prices were stable, sources told Metal Bulletin on Tuesday April 10.Demand for imported rebar in both the UAE and Saudi Arabia remained weak.Domestic rebarThe major rebar producers in the UAE announced new rebar prices on March 26.The biggest steel producer, Emirates Steel, increased its rebar price to 2,...Read More
By Frank HolmesAfter being mostly absent in 2017, volatility has made a comeback. The S&P 500 Index closed down for the first three months of 2018 the first time it's done so in 10 quarters. It also had its worst start to April since 1929. Gold performed as expected during the quarter, serving as a safe haven and delivering positive returns, while the price of oil surged more than 5 percent on U...Read More
Yesterday the US government's own Congressional Budget Office (CBO) published a pretty sobering report about the state of Uncle Sam's finances- and what the future holds.Continue...Read More
Dear Friend of GATA and Gold:Ross Norman, proprietor of venerable London bullion dealer Sharps Pixley, writes today, "Gold is struggling to find friends." Is Norman himself one? It apparently depends on the day.He would seem to be one insofar as his firm sells the real stuff, not mere paper claims against it that create the illusion of infinite supply and thereby destroy gold's very purpose. But...Read More
China has requested consultations with the United States at the World Trade Organization (WTO) regarding tariffs on China-origin steel and aluminium goods, the WTO said on Tuesday April 10.China made the request after the US government imposed a 25% import duty on certain steel products and a 10% import duty on aluminium products from March 23, with further possible adjustments to additional impor...Read More
- Trump & Russia threaten each other as conflict over Syria escalates- U.S. Navy destroyer armed with tomahawks arrives off Syria, "harassed" by Russian warplanes- Heightened risk of war between Syria, Russia, Israel, UK & the U.S.- Russia & Iran will pay "big price" for gas attack - Trump- Trump will decide on response to Syria attacks "very soon"- Trade and economic war between Russia and U.S...Read More
China's domestic rebar prices bounced back on Tuesday April 10 following gains in the billet market. Domestic Eastern China (Shanghai): 3,650-3,700 yuan ($579-586) per tonne, up 30-40 yuan per tonne Northern China (Beijing): 3,700-3,740 yuan per tonne, up 30-40 yuan per tonne The price of billet rose 50 yuan per tonne during the day due to active trading, which improved sentiment in the rebar mark...Read More
The headline hit revealed by Emmerson's assaying was 28m grading 5.83 grams per tonne gold, 0.17% cobalt, and 8.52% copper, with the ASX junior making the point the grades of the combined metals would make for potentially very high value ores.Jasper Hills is close to Emmerson's Edna Beryl project which is being mined on a small scale as part of a tribute mining venture.Emmerson has 100% of the gro...Read More
SHANGHAI, Apr 10 (SMM)? 1/4 ?Nonferrous metals closed higher across the board on Tuesday April 10 except for SHFE lead. Nickel rose close to 2%, copper gained over 1% and aluminium inched up close to 1%. Zinc and tin edged higher.The ferrous complex also climbed, except for coking coal. Iron ore increased over 2%, hot-rolled coil gained 1.8%, rebar rose over 1% and coke edged up.Copper: As shorts...Read More
The European ferro-vanadium market retreated last week while traders sold cheaper in order to take profits amid quieting spot demand. European ferro-vanadium market slides while traders take profits European V2O5 prices strengthen on lack of availability US ferro-vanadium market flat lines with market falling dormantSpot prices for European ferro-vanadium slipped to $69-72 per kg on April 6, deliv...Read More
Shares in the company shot up to touch a 52-week high intraday of C75c.The result was part of a broader 351.8m that graded 1.28g/t from surface along the entire length of Trench 1.Evrim's vice-president of new opportunities and exploration Charles Funk said the initial results were impressive in terms of grade and size potential.He said IP geophysics had highlighted a 100m deep by 300m long high r...Read More
A potential ban on Chinese steel imports by Taiwan could disrupt trade flows in Asia, with the stainless steel segment set to be hardest hit, market sources told Metal Bulletin this week."The ban is necessary so that Taiwan can start negotiations with the United States to be exempted from the [country's] Section 232 tariffs [on steel and aluminium imports]," a Taiwanese trader said.Several industr...Read More
SHANGHAI, Apr 10 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar edged down 0.3% to 89.83 overnigh as euro climbed up. Most base metals rose. SHFE nickel rose close to 2%, aluminium increased over 1%, copper gained 0.7%, and zinc and tin inched up. SHFE and LME lead edged down. LME zinc dropped close to 1%, while coppe...Read More