Recent News

June Hike Is Coming. Will Gold Survive?

May 24, 2018 / news.goldseek.com

The message from the recent FOMC minutes is clear: brace yourself for the interest rate hike next month. Should gold bulls be worried? Gold's reaction shows that not necessarily. You will find more details in our today's analysis. June Hike Is Virtually a Foregone ConclusionYesterday, the U.S. central bank published minutes from the recent FOMC meeting. What are the take-home messages from them...Read More

Truckers' strike delays steel shipments, hurts production in Brazil

May 24, 2018 / www.metalbulletin.com

The continuing strike by Brazilian truck drivers over recent rises in fuel prices is causing delays to local steel shipments and exerting a knock-on effect on output levels, sources told Metal Bulletin on Thursday May 24.Planned deliveries by Rio de Janeiro-based flat and long steel producer CSN to the domestic market are being delayed because the shipments rely on truck transportation, a company...Read More

Step Out Drilling Extends Adriana Zone 400 Meters to the Southeast

May 24, 2018 / news.goldseek.com

TSX Venture Symbol: COROTCQB Symbol: CAMZF Frankfurt : XC01VANCOUVER , May 24, 2018 /CNW/ - Camino Minerals Corporation ("Camino" or the "Company") (COR:TSX-V) is pleased to report results for the four southeast step out diamond drill holes completed as part of the 2018 drill program on the Adriana Zone ("Adriana") at its Los Chapitos copper project ("Chapitos"), located in southern Peru. T...Read More

Trump: North Korea Summit Cancelled!

May 24, 2018 / marketsanity.com

"Sadly, based on the tremendous anger and open hostility displayed in your most recent statement, I feel it is inappropriate, at this time, to have this long-planned meeting,"Continue...Read More

Gold Is Rare and Valuable - 11 Must See Gold Visualisations

May 24, 2018 / news.goldseek.com

Gold Rarity and Value Shown In Stunning Gold Visualisationsby Jeff Desjardins of Visual CapitalistSince Ancient times, gold has served a very unique function in society.Gold is extremely rare, impossible to create out of "thin air", easily identifiable, malleable, and it does not tarnish. By nature of these properties, gold has been highly valued throughout history for every tiny ounce of weigh...Read More

US domestic rod prices rise; import prices hold

May 24, 2018 / www.metalbulletin.com

Domestic wire rod prices in the United States have risen by $25 per short ton ($1.25 per hundredweight) in the wake of mill price hikes by Nucor and Keystone Steel & Wire, although the two mills listed different price changes in their customer letters.American Metal Market's price assessments for all US domestic rod grades rose by $1.25 per cwt, in line with one mill hike. The assessment for&...Read More

Dollar to lose status as No.1 currency - Jim Rogers

May 24, 2018 / marketsanity.com

Continue...Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In between his frequent travels, he has se...Read More

Metals Leading Indicator Breakout Test In Play

May 24, 2018 / kimblechartingsolutions.com

CLICK ON CHART TO ENLARGEThis chart looks at the Junior Miners (GDXJ) to Gold ratio over the past 7-years. Metals bulls want to this ratio heading higher, to send a positive message to this sector.The ratio has spent the majority of the past 7-years inside of falling channel (1), reflecting that Junior miners have been weaker than Gold.The ratio is now testing the top of the falling channel and th...Read More

Asian Metals Market Update: May-24-2018

May 24, 2018 / news.goldseek.com

Trade wars are always bullish for gold and safe havens. There are also reports that US army has attacked Syrian army. Other than US interest rate hike, rest of the factors are bullish for gold. US June interest rate hike is more or less a done deal. At the beginning of the year, I had written that my bullish assumption of gold is based on four interest rate hikes by the Federal Reserve this year...Read More

Mechel's earnings down 19% in Q1 2018 on weak mining results

May 24, 2018 / www.metalbulletin.com

Earnings at Russian miner and steel producer Mechel dropped by 19% year-on-year in the first quarter of 2018 due to weaker sales by its mining division, the company announced on Thursday May 24.The New York-listed company's adjusted consolidated earnings before interest, taxes, depreciation and amortization (Ebitda) were 18.44 billion roubles ($300.01 million) in January-March 2018, against 22.81...Read More

CIS PIG IRON: Trading activity improves on buyers restocking

May 24, 2018 / www.metalbulletin.com

Exporters of pig iron from the Commonwealth of Independent States increased their sales activity to the key markets of italy and the United States on higher demand from buyers which needed to restock.Metal Bulletin's export price assessment for high-manganese pig iron from the CIS region was $385-390 per tonne fob Black Sea on Thursday May 24, up from $360-385 per tonne fob last week.Ukrainian ste...Read More

Advantage builds near Olaroz

May 24, 2018 / www.mining-journal.com

Cauchari is estimated to have an inferred resource of three million tonnes of lithium carbonate equivalent and 450 milligrams per litre lithium.Read More

Gold Prices Up After President Trump Cancels North Korean Summit

May 24, 2018 / marketsanity.com

Trump's recent move adds to geopolitical uncertainty, which is bullish for safe-haven gold and silverContinue...Read More

DAILY SCRAP REPORT: Prices steady on fresh Baltic Sea cargo

May 24, 2018 / www.metalbulletin.com

Turkish steel producers broke their silence in the deep-sea scrap markets on Thursday May 24 with a fresh transaction for material from the Baltic Sea.A steel producer in the Iskenderun region booked a Baltic Sea cargo, comprising 10,000 tonnes of HMS 1&2 (80:20), 9,500 tonnes of shredded and 5,000 tonnes of plate and structural scrap (P&S) at an average price of $347.50 per tonne cfr.Due to the c...Read More

"Canada's next economic diamond development opportunity"...

May 24, 2018 / www.mining-journal.com

The update used the expanded resource announced in February, which increased Chidliak's CH-6 kimberlite pipe inferred resource by 58% to almost 18 million carats at an average grade of 2.41c/t and took the project's total to 22.2Mct.Compared with a 2016 PEA, the update increased diamond recovery 44% over the 13-year mine life to 16.7Mct.It put the initial capex up 4.6% to C$455 million (US$354 mil...Read More

Experts Share Their Best Trading Strategies For Precious Metals (Part 2)

May 24, 2018 / www.kitco.com

May 25, 2018 Guest(s): Vince Lanci Doug Groh Portfolio Manager, Tocqueville Ian Williams CEO, Charteris Shayne McGuire Portfolio Manager, Teacher Retirement System of Texas Chris Mancini Mining Analyst, Gabelli Funds With gold having traded in a tight range for most of 2018, and the gold-silver ratio hovering around 80, industry experts and veteran investors weigh in on the best ways to play th...Read More

June Hike Is Coming. Will Gold Survive? / Commodities / Gold and Silver 2018

May 24, 2018 / www.marketoracle.co.uk

The message from the recent FOMC minutes is clear:brace yourself for the interest rate hike next month. Should gold bulls beworried? Gold’s reaction shows that not necessarily. You will find more detailsin our today’s analysis.June Hike IsVirtually a Foregone ConclusionYesterday, the U.S. central bank published minutes from the recent FOMC meeting. What arethe take-home messages from t...Read More

What if This Week's Rally in Gold is Already Over? / Commodities / Gold and Silver 2018

May 24, 2018 / www.marketoracle.co.uk

Inyesterday’s analysis, we explained how it’s possible for the precious metalssector to move higher in very short term and at the same time still form thenext local bottom close to $1,250. The key part of the analysis was that thisweek’s turning point may turn out to be declines’ starting, not ending. We alsoargued that we could see a small decline in the USD Index and that...Read More

Assange's refuge in Ecuadorian embassy 'in jeopardy'

May 24, 2018 / marketsanity.com

Julian Assange's nearly six-year asylum at the Ecuadorian embassy in London is now in serious danger, setting the WikiLeaks founder up for a potential arrest and extradition to AmericaContinue...Read More

Jim Rickards: The "Axis of Gold" Will Drive Gold Higher by the End of 2018

May 24, 2018 / marketsanity.com

A major blind spot in U.S. strategic economic doctrine is the increasing use of physical gold by China, Russia, Iran, Turkey and others both to avoid the impact of U.S. Continue...Read More

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