Is gold headed below $1000? I doubt it. Like every other bullion investor who has tired of watching gold's price meander sideways for nearly six years, I've grown increasingly disappointed and frustrated. But also concerned, as many apparently are, that one last, hellish plunge may be necessary to shake out the weak hands. However, looking at the long-term chart, I'm persuaded that bulls still...Read More

Let's hope history doesn't repeat, because we all know what happened to silver in 2011, the day after the big announcement. Here's the details...Please hear me out before saying, "Ole Half Dollar's fallen off his rocker again".This thought keeps creeping up in the back of my mind, so it's probably good to just speak my mind.And get it off my chest.On Monday, May 2nd, 2011 (Pakistani time), which w...Read More

Import rod markets have been quiet in the United States, with traders still hesitant to close on cargoes due to ongoing uncertainty around Section 232 exemptions. American Metal Market kept its assessment of import rod prices steady, at $600-635 per ton ($661-700 per tonne), flat from two weeks ago. The price has been unchanged since February 28, when traders grew concerned about future cargoes be...Read More

May 10, 2018, Vancouver, B.C. - Northern Vertex Mining Corp. (TSX.V:NEE) (OTC Nasdaq Intl.:NHVCF) (the "Company" or "Northern Vertex") is pleased to announce the appointment of William (Bill) Martinich to the position of General Manager at the Company's 100% owned Moss Gold Mine, located near the city of Bullhead, NW Arizona, USA. Mr. Martinich is a dedicated mining professional with over 20 y...Read More

by Claudia Carpenter, BloombergIran's gold demand will probably be "strong" for the next few months and then gradually decline as U.S. sanctions start to take effect, according to the researcher who covers the country for Metals Focus Ltd.After a previous set of sanctions was imposed on Iran in 2012, it took two years for the country's gold demand to start falling, according to data from the Wor...Read More

US wire rod mills have shrugged off a $10-per-gross-ton decline in Chicago shredded scrap to keep steel rod prices flat, market participants said. American Metal Market kept its domestic industrial-quality rod price flat, at $38-$40 per hundredweight, in an assessment on Wednesday May 9. Buyers polled by American Metal Market saw prices in a range of $37-41.50 per cwt, although the $37 per cw...Read More

CNN just ran an article entitled, "Don't trust the polls? You should. They've been fairly accurate so far this election cycle," and The Resident can't even. Read More

Other than crude oil, none of the financial markets have reacted to Iran's nuclear deal cancellation news. The Bank of England (BOE) meeting today can provide the impetus for a trend change in currency markets as well as precious metals. Sterling can rise just before the BOE meeting or just after the BOE meeting. However if sterling falls after the BOE meeting gold will also crash. Right now g...Read More

Buying activity in the European long steel markets is likely to remain cautious because of weak demand and relatively high stock levels among consumers, market sources told Metal Bulletin this week.Rebar consumption is expected to rise with the weather improving through May and construction projects ramping up, but public holidays in several areas across Europe during the month could damp any poss...Read More

IronRidge currently has one drill rig out at the Ewoyaa lithium project in Ghana as part of a 7,000m programme, which CEO Vince Mascolo said was a big moment for the explorer.Read More

The export market for pig iron from the Commonwealth of Independent States was quiet this week because sellers and buyers preferred to wait to see whether prices would fall, sources told Metal Bulletin on Thursday May 10."The busheling-grade scrap price in the United States didn't decrease, while shredded scrap went down by $10-20 [per tonne] in May. That could cause a reduction in pig iron prices...Read More

Turkish steel mills have extended their absence from the deep-sea scrap markets due to increasing offer prices and sluggish finished steel demand in the country's export markets, sources said on Thursday May 10.The mills were expected to book more cargoes for May to replenish their low stock levels, but instead they decided to fall silent with the latest increase in prices.A steel mill in the Marm...Read More

For example, Ironbark said this week it was in the process of recruiting a mining crew and development team, and was "targeting" a shipment of fuel and materials to the site as part of "planning" to begin preliminary works at Citronen - including starting the boxcut, portal and decline into the Beach zone ore body.     Read More

SHANGHAI, May 10 (SMM) – Nonferrous metals futures inched up for the most part on Thursday May 10. Tin gained nearly 0.5%, while copper, zinc, and lead went up slightly. Aluminium edged down, and nickel fell close to 0.4%.The ferrous complex rose across the board except for iron ore, which lost over 0.4%. Hot-rolled coil gained nearly 1%, while rebar, coking coal, and coke edged up.Copper: T...Read More

Iron ore prices at ports in China softened on Thursday May 10 while those for seaborne cargoes picked up some strength.Metal Bulletin 62% Fe Iron Ore Index: $66.83 per tonne cfr Qingdao, up by $0.37 per tonne Metal Bulletin 58% Fe Premium Index: $54.40 per tonne cfr Qingdao, up by $0.11 per tonne Metal Bulletin 65% Fe Iron Ore Index: $85.20 per tonne cfr Qingdao, unchangedMetal Bulletin 62% Fe Chi...Read More

The company agreed to acquire the advanced Brazil project from Vale SA in December for US$8 million.Vale had put Vermelho's resource at more than 1 million tonnes of contained nickel and 43,000t of contained cobalt.Read More

SHANGHAI, May 10 (SMM) – Spot copper was mostly offered at a premium of 10-100 yuan/mt over the SHFE 1805 contract on Thursday May 10 in the Shanghai market. This compared with a premium of 20-100 yuan/mt on the previous day. Transactions of high-quality copper cooled from the previous days, with cargoes mostly offered at a premium of 80 yuan/mt, SMM learned. Trading of standard-quality...Read More

Turkish billet prices have remained stable over the past week with demand for material being very limited, sources said on Thursday May 10.The billet mills in the CIS region tried to increase their offer prices, in line with the uptick in Turkish imported scrap prices. But, due to poor demand for rebar, none of the customers...Read More

Dealers preparing for Las Vegas shows. Polished inventory rising due toslow trading. Prices firm, but buyers pushing for generous credit terms andtaking more goods on memo. Signet Jewelers raises consignment intake +6% to$606M at end of FY2018. Chinese consumer sentiment improving as 1Q gold, silver, jewelry sales +8% to $11.7B.Rough market stable ahead of De Beers and Alrosa sights and AntwerpRou...Read More

Randgold Resources' March quarter was marked by lower production at its major operations, which hit cash flow despite cost reductions at some operations.Read More