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

By Frank HolmesReady for inflation?Just days after Treasury Secretary Steven Mnuchin reassured markets that a trade war between the U.S. and China was "on hold," the Trump administration announced that it would be moving forward with plans to impose 25 percent tariffs on as much as $50 billion worth of Chinese exports to the U.S. Beijing has already suggested that it will retaliate in kind.The W...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

Increase Portfolio DiversificationImportant Tail Risk HedgeValuable Inflation Hedgeby George Milling-Stanley of State Street via TheFMReportWhile gold has traditionally been seen as a tactical way to help preserve wealth during market corrections, times of geopolitical stress or persistent dollar weakness, we think there is a case to be made for gold as a core diversifying asset with a long-term...Read More

The US dollar is firm ahead of the FOMC meet next week. The European political crisis is partly to blame for the US dollar's gain. Big moves in gold and silver or energy space will be there from Thursday as short term traders prepare for FOMC. Over the past five years, I have seen gold demand in India rising sharply around the end of "Ramzan Eid". The same is applicable to other nations where th...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

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

Zinc prices on the London Metal Exchange ended 2.4% higher at the close of trading on Tuesday June 5, reaching their highest since April 24, while three-month nickel and copper also finished strongly.Outperforming the rest of the complex, zinc's three-month price reached a high of $3,201 per tonne during the afternoon ring. It has climbed more than 4.5% since its June 4 low of $3,056 per tonne. "W...Read More

Full Article: The Rosen Timing LetterBy: Ronald L. RosenSave the Last Dance for Me... Full Article: The Rosen Timing LetterBy: Ronald L. RosenDisclaimer (C) 2010 Junior Gold Report and TechMoney360Junior Gold Report and TechMoney360 Newsletter: Junior Gold Report's and Tech Money 360's Newsletter is published as a copyright publication of Junior Gold Report (JGR) and TechMoney360 (TM360). No...Read More

The latest metal markets news and price moves to start the North American day on Tuesday June 5. All base metals prices on the London Metal Exchange recorded positive moves up during morning trading, with zinc's three-month price leading the complex higher amid a weaker US dollar index.The zinc price climbed 1.4% to reach a high of $3,175 per tonne over the morning. Sister-metal lead was trading i...Read More

Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Tuesday June 5.Lead prices on the Shanghai Futures Exchange outperformed during Asian morning trading on Tuesday, supported by low inventory levels and supply-side concerns.Meanwhile, copper prices continued their recent run of strength, albeit at a slower pace, after trading activity thinned...Read More

SHANGHAI, Jun 5 (SMM) – Just one manganese producer in Songtao, Guizhou province resumed operation after inspection as of Tuesday June 5. Another indicated that it will restart production within this week, SMM learned. All manganese plants and some parts of mines in Songtao were shut by the local government last Friday after the area's water and soil po...Read More

SHANGHAI, Jun 5 (SMM) – Nonferrous metals saw mixed trading on Tuesday June 5. SHFE lead led the gains and closed nearly 3.6% higher, copper rose nearly 1%, and zinc inched up. Tin fell over 1%, nickel dipped, while aluminium went flat. In the ferrous market, iron ore jumped over 1.7%, rebar and hot-rolled coil went up slightly, while coke fell over 1% and coking coal dipped 0.76%....Read More

Zinc prices on the London Metal Exchange ended 2.4% higher at the close of trading on Tuesday June 5, reaching their highest since April 24, while three-month nickel and copper also finished strongly.Outperforming the rest of the complex, zinc's three-month price reached a high of $3,201 per tonne during the afternoon ring. It has climbed more than 4.5% since its June 4 low of $3,056 per tonne. "W...Read More

There is still room for seaborne coking coal prices to increase amid expectations of tightening supply and robust Chinese demand, market participants said on Tuesday June 5. A premium category cargo was heard to have changed hands at around $194 per tonne fob Australia late evening, market sources said. "Demand from Chinese buyers is robust and steelmakers expect to be able to get a better deal on...Read More

All base metals prices on the London Metal Exchange recorded positive moves up during morning trading on Tuesday June 5, with zinc's three-month price leading the complex higher amid a weaker US dollar index. The zinc price climbed 1.4% to reach a high of $3,175 per tonne over the morning. Sister-metal lead is trading in similar form, with this week's push above $2,500 per tonne keeping firmly in...Read More

Ted Butler say, "let me be clear, both JPMorgan and the CME Group are stone-cold crooks when it comes to silver." Here's why...by Ted Butler via SilverSeekNo doubt you're aware of the massive fraud uncovered at Theranos, the high tech medical startup purported to be able to run any number of diagnostic tests from a single drop of blood. Theranos was a Silicon Valley upstart valued at $10 billion a...Read More

Peter KrauthA weakening dollar hasn't spurred silver prices like we expected, but the indicators I'm looking at show silver is nearing the tipping point it needs to surge higher.Geopolitical concerns have eased in Italy and Spain, and the U.S.-North Korea summit appears to be on once again for next week.That has diminished the attraction of silver's safe-haven properties in the near term, but with...Read More

SHANGHAI, Jun 5 (SMM) – Nonferrous metals saw mixed trading on Tuesday June 5. SHFE lead led the gains and closed nearly 3.6% higher, copper rose nearly 1%, and zinc inched up. Tin fell over 1%, nickel dipped, while aluminium went flat. In the ferrous market, iron ore jumped over 1.7%, rebar and hot-rolled coil went up slightly, while coke fell over 1% and coking coal dipped 0.76%....Read More

The Perth-based diversified miner overnight signed an agreement with Toronto-listed Silver Bull Resources on the Sierra Mojada zinc-silver project in Mexico.Read More