June 5, 2018 (Investorideas.com Newswire) Bob Moriarty of 321 Gold profiles a small-cap explorer with prospective land in British Columbia.If you want to be a hero with the PermaBulls, all you have to do is predict an imminent and high price for gold, no matter how absurd. But PermaBulls either forgot or never knew that prices for everything go both up and down. And if you want to profit the most,...Read More
Vancouver, British Columbia - June 5, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Minaurum Gold, Inc., (TSXV: MGG) ("Minaurum") is pleased to announce the discovery of three new veins (Pulpito, Cotera and Ana) that lie within four recently acquired concessions internal to its 100% owned Alamos Silver Project in Mexico. All three veins were found through a district-scale reconnaissance mappi...Read More
June 5, 2018 (Investorideas.com Newswire) An explorer just released a PEA for its project in Peru.Great Panther Silver Limited (GPR:TSX; GPL:NYSE.MKT) has reported positive results for a Preliminary Economic Assessment (PEA) at the Coricancha gold-silver-lead-zinc-copper underground mine and mill complex. This site is located about 90 kilometers east of Lima, Peru."We are very pleased with the res...Read More
Some steel prices in the United Arab Emirates rose this week, with producers optimistic about future demand, while local rebar demand was strong, sources told Metal Bulletin on Tuesday June 5.Domestic rebar Major rebar producers in the UAE announced new rebar prices on May 23. The biggest steel producer, Emirates Steel, is offering rebar at 2,295 dirhams ($625) per tonne ex-works. Compatriot produ...Read More
The Governors Highway Safety Association calls itself "The State’s Voice on Highway Safety" and holds annual training meetings to indoctrinate law enforcement agencies all across the country. However, the GHSA should genuinely call itself "The Alcohol Industry's Voice," as its latest report is entirely funded by the alcohol industry in a blatant attempt to paint cannabis users as the real hi...Read More
Mills in Russia's central region have decided not to raise their rebar prices because the secondary market is not strong enough to accept further increases."The secondary market is rejecting the higher prices. Demand is not as high as expected," a trader told Metal Bulletin. "We have not cut our price for buyers, but now we give larger discounts," he added. Metal Bulletin's assessment of domestic...Read More
Pig iron exporters in the Commonwealth of Independent States managed to obtain higher prices for their material in the second half of May, when buyers started to restock, because of reduced material availability.Brazilian suppliers, meanwhile, were concentrating on their domestic market and contending with issues of raw materials supply because of a truck drivers' strike in the country.ItalyMetal...Read More
Oil is DifferentLast week, we showed a graph of rising open interest in crude oil futures. From this, we inferred - incorrectly as it turns out - that the basis must be rising. Why else, we asked, would market makers carry more and more oil? Crude oil acts differently from gold - and so do all other industrial commodities. What makes them different is that the supply of industrial commodities hel...Read More
Turkish deep-sea scrap imports prices have gone up as expected, following the decision by the United States to impose Section 232 import tariffs on steel from Canada, the EU and Mexico, sources said on Tuesday June 5.Scrap demand in Turkey was expected to pick up after the US imposed tariffs of 25% on steel imports and 10% on aluminium imports on June 1. It was expected that Turkish steel mills wo...Read More
Iron ore markets were mixed on Tuesday June 5 with spreads extending between different brands.Metal Bulletin 62% Fe Iron Ore Index: $66.34 per tonne cfr Qingdao, up by $0.87 per tonneMetal Bulletin 58% Fe Premium Index: $53.51 per tonne cfr Qingdao, unchangedMetal Bulletin 65% Fe Iron Ore Index: $87 per tonne cfr Qingdao, up by $0.70 per tonneMetal Bulletin 62% Fe China Port Price Index: 469 yuan...Read More
CloseGain/LossGold $1296.50+$4.70Silver$16.49+$0.09XAU83.05+1.06%HUI178.67+0.97%GDM623.77+0.53%JSE Gold1025.63+18.59USD93.91-0.14Euro117.17+0.19Yen91.16+0.03Oil$65.52+$0.7710-Year2.920%-0.023T-Bond144.375+0.25Dow24799.98-0.06%Nasdaq7637.86+0.41%S&P2748.80+0.07% The Metals: Gold gained $8.70 to as high as $1300.50 in early afternoon New York trade before it drifted back lo...Read More
By Stefan GleasonInflation is a corrosive force that gradually - and sometimes rapidly - eats away at the nominal value of savings and investments.It is perhaps the biggest threat looming on the horizon for millions of retirees who have been steered into assets marketed as "conservative" - such as dollar-denominated money market accounts, bonds, and annuities.According to the Aegon Retirement Re...Read More
By Dave KranzlerThe propaganda laced with bold lies is enveloping the media. The JOLTS report (Job Openings and Labor Turnover) released today alleges that the number of job openings in April hit a record. Of course, the April number was based on large revisions to previous data. The number reported is also "seasonally adjusted" and predicated on statistical inferences. In fact, 6.7...Read More
Source: Jack Chan for Streetwise Reports 06/05/2018 Technical analyst Jack Chan charts the latest moves in the gold and silver markets. --> 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 term. The gold sector is on a short-term buy signal. Short-term sig...Read More
Graceland Updates By Stewart Thomson 1. In the West, gold has rallied decently during five of the past seven recessions. I've suggested that the current situation in America is something like 1965 - 1970, when inflation began a long and strong up cycle.2. That's partly why I'm adamant that it's the best time in American history to own a portfolio (a global portfolio) of companies...Read More
by Ryan WildayLast week in my article, "A bottom in the crypto market, or more blood-letting?" I suggested that a bottom could be imminent, or that we had bottomed. I often look to our bellwethers, Bitcoin(BTC-USD) and Ethereum (ETH-USD), as signals for the larger crypto market.I wanted to see $7085 hold in bitcoin and $495 in Ethereum. On May 28, bitcoin hit $7075, a nominal break and ether...Read More
The CIS export billet price inched downward on Tuesday June 5 with buying still sluggish amid market uncertainty and the traditionally lower activity during the Islamic holy month of Ramadan in the Middle East.Metal Bulletin's CIS billet export index was $498 per tonne fob Black Sea on June 5, down by $2 per tonne day-on-day.A cargo of Russia-origin billet was reported sold to Turkey around $510 p...Read More
Dear Friend of GATA and Gold:South African market analyst Nicholas Biezanek reports that whatever is represented by the explosive increase in use of the "exchange for physicals" mechanism to settle gold and silver contracts on the New York Commodities Exchange represents, it is not drawing down the inventory of metal vaulted in London. Biezanek, an associate of monetary metals futures market obs...Read More
By Steve St. AngeloThe total U.S. public debt hit a new record high of $21.145 trillion on the last day in May. As the U.S. debt increased, so did the interest expense which jumped by more than $26 billion in the first seven months of the fiscal year. That's correct; the United States government forked out an additional $26 billion to service its debt (Oct.-Apr) versus the same period last y...Read More