- Welsh gold and the misconceptions surrounding it - GoldCore speak to China Central Television (CCTV)- Welsh gold mired in misconceptions, namely that it is 'rarest' and most 'sought after' gold in world- Investors to be reminded that all mined gold is rare and homogenous- Nothing chemically different between Welsh gold and that mined elsewhere- Investors led to believe Welsh gold is more valu...Read More
Coated coil prices in Turkey decreased this week, with demand poor in both the local and export markets, sources told Metal Bulletin on Friday May 17.Domestic pricesOne Northern Turkish producer was offering 0.50mm hot-dipped galvanized coil (HDG) at $760-780 per tonne ex-works this week while a second producer offered similar product at $780-790 per tonne ex-works.Southern Turkish producers were...Read More
By Avi Gilburt First published on Wed May 16 for members: As the title notes, we are finally getting that 5th wave down in the GLD after weeks of meandering. Moreover, not only are we getting that 5th wave down, the 3rd wave within this 5th wave down extended beyond the 3.618 extension of waves i and ii down. And, such a strong extension is certainly doing its job in getting even more pe...Read More
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
Offers of commercial-grade hot-rolled coil (HRC) for import into India have fallen by $15 per tonne to $640-645 per tonne cfr Mumbai, compared with similar material booked about two weeks ago at $655-660 per tonne cfr Mumbai.Indonesia-origin HRC was offered at $640-645 per tonne cfr Mumbai for shipment in June-July but this price has yet to be accepted, a Mumbai-based importer said on Friday May 1...Read More
By Steve St. AngeloThere seems to be a lot of misinformation being peddled on the internet about gold and bitcoin. One major misconception is the notion that bitcoin will replace gold as a monetary instrument. Some analysts, once stanch precious metals advocates now turned crypto aficionados, believe in such theories that there is too much gold in the world to be used as money or that it is...Read More
We cannot value gold. It does not generate any cash flows, which we could discount. But it doesn't mean that the price of gold changes randomly. Market sentiment is powerful in the precious metals market - but the same applies to other markets (after all, humans are emotional creatures). However, it does not operate in a void. Actually, there are some important fundamental drivers at work. Just...Read More
Import prices for flat steel products in South America were unchanged in the third week of May due to a lack of trading activity, Metal Bulletin has heard.The market standstill reflected the difficulty buyers and exporters found in agreeing on prices, according to several sources."Some [Chinese] companies have increased their offer prices this week, but steel consumers are not willing to pay highe...Read More
By Gary TanashianIn light of earnings reactions in the Semiconductor Equipment sector, it's time for an update of a theme we have had in play since November, 2017The canary is no longer chirping in a healthy manner and the economy's coal mine has a toxic gas leak. While the recent Lam Research (LRCX) earnings report was pretty good and there were positive aspects to that of Applied Materials (AM...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Physical iron ore prices weakened on Friday May 18, in line with drops in the rebar and futures markets, although earlier increases mean the week-on-week change was minimal.The seaborne coking coal market is in stalemate with a widening gap between bids and offers. Taiwanese scrap import prices widened...Read More
'Reports are there was indeed at least one FBI representative implanted, for political purposes, into my campaign for president,' Trump tweeted.Continue...Read More
- Welsh gold and the misconceptions surrounding it - GoldCore speak to China Central Television (CCTV)- Welsh gold mired in misconceptions, namely that it is 'rarest' and most 'sought after' gold in world- Investors to be reminded that all mined gold is rare and homogenous- Nothing chemically different between Welsh gold and that mined elsewhere- Investors led to believe Welsh gold is more valu...Read More
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
Indian steelmaker JSW Steel has completed the acquisition of Italian long steel producer Acciaierie e Ferriere di Piombino (Aferpi), Italian trade union Fiom-Cgil said on Friday May 18.JSW Steel acquired the mill from Algeria's Cevital for around 6 billion Indian rupees ($88.41 million), according to media reports in India, while Italian reports suggest the deal was valued at closer to ?,?90 milli...Read More
He will replace Mick Buffier whose term as chairman ended in May.Kellow joined Peabody in 2013 and became CEO in 2015. He has over 30 years' experience in the global resources industry, holding leading management roles across the industry in coal, copper, nickel, aluminium and steel.Read More
SHANGHAI, May 18 (SMM) – The nonferrous complex closed higher except for SHFE tin, aluminium and zinc. Nickel led the gains with a rise of 2.2%, lead grew over 1%, and copper inched up.Ferrous metals dropped across the board with coking coal leading the losses and closing 2.2% lower. Rebar fell over 1%, while coke, hot-rolled coil, and iron ore lost close to 1%.Aluminium: The SHFE 1807...Read More
Domestic prices for rebar in Poland have been largely unchanged over the past week despite coming under pressure from import offers, sources told Metal Bulletin on Friday May 18.Metal Bulletin's weekly price assessment for domestic 12mm B500B-grade rebar in Poland was 2,250-2,290 zloty ($619-630) per tonne ex-works on May 18, narrowing upward slightly compared with 2,230-2,290 zloty per tonne ex-w...Read More
"It will be possible to mount various nuclear charges on the 'torpedo' of the Poseidon multipurpose seaborne system, with the thermonuclear single warheadContinue...Read More
SHANGHAI, May 18 (SMM) – SMM assessed imported clean copper concentrate treatment charges (TCs) at $74-81/mt on Friday May 18, up $3/mt from a week ago.Imported copper concentrate supply to Chinese domestic smelters continued to increase as Vedanta's copper smelter at Tuticorin in India remained shut as of May 18, SMM learned. The smelter started a 15-day maintenance from March 27. It is...Read More
On his first visit to Sydney to speak at this week's ResourceStocks Sydney 2018 conference, the Netherlands real-estate investor, author and media commentator who got hooked on mineral-discovery investing when he made an absolute motza riding Aurelian Resources' discovery of Fruta del Norte in Ecuador in 2006, said the Wits and Pilbara systems might not be "brothers … [but] they are nephews...Read More