By: Ira EpsteinIra Epstein reviews the days trading in the metal markets. For more information and access to Ira's free offers for commodity traders, visit https://www.iraepstein.com. Link to Our Website: https://www.iraepstein.com Read More
Gregory Weldon is CEO of Weldon Financial and Editor of the influential newsletters "Weldon's Money Monitor," the "Commodity and Currency Monitor," the" Metal Monitor," and the "ETF Playbook." He launched these macro-market publications, covering supply-demand fundamentals, along with technical, intermarket, and psychological insights, after building a successful career as a trader on Wall Street....Read More
By: Gary Christenson"We can ignore reality, but we cannot ignore the consequences of ignoring reality." Ayn Rand.The western world has ignored economic realities for decades. It's not a Republican or Democratic problem. Banking, power, fiat currencies, dishonest money and transfers of wealth are the issues.The consequences of ignoring reality are uncomfortable and dangerous. However, most peo...Read More
Domestic prices for heavy steel plate in Southern Europe have decreased over the past week due to slow demand and the lower cost of steel slabs, sources have told Metal Bulletin.Demand has been slow because buyers have sufficient stocks of material, according to market participants.At the same time, however, domestic prices have been supported by low competition from imported material.Southern Eur...Read More
Craig says, "perhaps these COMEX silver "deliveries" are acting as the proverbial canary in the coal mine for COMEX market stress?". Here's why...by Craig Hemke via Sprott Money NewsWe've written about the COMEX silver "delivery" process multiple times in the past. However, with "deliveries" for the May18 contract surging to totals not seen since 2007, we thought it might be time to write about th...Read More
What is the outlook for the global economy, financial markets, crypto currencies such as bitcoin and gold and silver bullion in the digital age?Fresh insights as CrushtheStreet.com interview Mark O'Byrne who gives his diagnosis on the outlook for gold in 2018, and looks at the long-term relevance of precious metals in the digital age of crypto and the blockchain alongside Bitcoin's emergence a...Read More
Domestic prices for hot-rolled coil (HRC) have been stable in Europe over the past week with only limited demand for imports, sources have told Metal Bulletin.European buyers have been either buying imported HRC on short delivery times or sourcing material from domestic mills due to expectations of a preliminary decision in a safeguard case, the sources said.The European Commission (EC) opened a s...Read More
Peter KrauthAlthough gold headed mostly higher last week, it was a tale of two directions for silver prices…Silver first headed lower after a strong performance the week prior. But as the dollar extended its run higher, silver followed along, bouncing back with fervor.It reached levels it hadn't seen for three weeks, as the U.S.-North Korea summit appeared to collapse.Even more impressively,...Read More
Papering over the structural imbalances in the Eurozone with endless bailouts will not resolve the fundamental asymmetries.Continue...Read More
Domestic prices for cold-rolled coil (CRC) in the EU have been unchanged over the past week, with low demand for imported material, sources told Metal Bulletin this week.On March 26, the European Commission (EC) opened a safeguard investigation into 26 steel products in an attempt to prevent steel shipments originally destined for the United States from being redirected to the EU market. The inves...Read More
This is not a new mining jurisdiction. The former Yugoslav republic has long been mined and explored, including by majors such as Freeport McMoRan and Rio Tinto, and the former government, leaving a wealth of information and expertise there for new arrivals.Read More
Prices for domestic hollow steel sections narrowed downward in Northern Europe this week, with market activity remaining thin amid regulatory uncertainty, market sources told Metal Bulletin on Wednesday May 30.Metal Bulletin's price assessment for commodity-size, grade-S235 square hollow sections made and delivered in Northern Europe narrowed downward by ?,?5 per tonne to ?,?640-650 ($741-752) per...Read More
SHANGHAI, May 30 (SMM) – Most nonferrous metals futures dipped except for SHFE tin and nickel. Copper led losses to close 1.47% lower, lead fell 0.65%, and aluminium and zinc inched down.The ferrous complex, except for coking coal and iron ore, rose across the board. Hot-rolled coil and coke gained over 1%, and rebar went up nearly 1%.Copper: US-Sino trade tension weighed on the market&...Read More
Sampson was most recently CEO of ASX-listed Tiger Resources and prior to this held senior positions at Newcrest Mining, including general manager of its West African operations.During his 25 years' of experience in the resources industry, he was also CEO of Discovery Metals over the 2008-2013 period, and a general manager at Goldfields.Bennett will remain available to Kore to support its financing...Read More
Domestic prices for steel beams in both Northern and Southern Europe were largely stable this week, with demand continuing to be mixed, sources told Metal Bulletin on Wednesday May 30.Metal Bulletin's weekly price assessment for domestic S235-grade, 200x200mm category-2 H-beam in Northern Europe widened upward by ?,?5 per tonne to ?,?590-620 ($683-717) per tonne delivered on May 30, from ?,?590-61...Read More
Orla has released a resource and preliminary economic assessment for a "relatively simple" openpit oxide mine and heap leach operation, to produce about 100,000 ounces of gold a year over a 6.6-year mine life, and pointed to longer-term sulphide potential.Read More
Turkish steel producers have continued to book deep-sea scrap cargoes for June delivery, sources said on Wednesday May 30.A steel producer in the Marmara region booked a European cargo, comprising 26,500 tonnes of HMS 1&2 (80:20), 10,000 tonnes of shredded and 10,000 tonnes of bonus at an average price of $336 per tonne cfr late on May 29.With the news of this European transaction, the daily indic...Read More
RAPAPORT... The Gemological Institute of America (GIA) has uncovered atreated diamond carrying a false inscription that fraudsters had apparentlycreated to make the stone appear untreated. Swindlers appear to have carefully selected a grading reportfor an untreated diamond with extremely similar characteristics to theirtreated stone, and created a fake GIA laser imprint on the treated stone'sgirdl...Read More
(IDEX News) - India's Gem and Jewellery Export Promotion Council (GJEPC) said that De Beers' plan to launch a jewelry line set with colored lab-grown diamonds "will drive clear differentiation and categorization in the diamond product category among consumers." Customers and owners of real diamonds across the world will be able to differentiate between synthetic stones and natural...Read More