SHANGHAI, Apr 20 (SMM) – Selenium prices in China stayed at low levels during the week ended Friday April 20 amid thin transactions.SMM assessed selenium powder at 300-320 yuan/kg as of Friday, flat from levels seen last week with sellers mostly fulfilling long-term orders. The offers in the international market also kept flat from at $23.5-26/lb. SMM assessed selenium dioxide at 175-18...Read More
John Williams of Shadowstats.com, a leading online alternative economic-resource sees the potential for an explosive move in the PMs sector / commodities.According to Shadowstats, the official inflation numbers are significantly understated - consumers are being robbed as the pace of price increases exceeds wages. Shadowstats finds that the GDP is slowing at a rapid clip, which will be reflected...Read More
Government central planners at the Federal Reserve, and everywhere else, all suffer from "physics envy." They seek to model the un-modelable. Ron Paul discusses why the central planners always have, and always will, fail spectacularly.Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Time...Read More
A contrarian indicator just tripped. Here's what it could mean for the white metal...Are contrarian indicators real?Look at none other than Dennis Gartman this week and think about it, because the question is rhetorical:NEW RECOMMENDATION: We wish to sell WTI and Brent Crude short this morning upon receipt of this commentary, predicated upon the massive narrowing of the backwardation in both and...Read More
Coated coil prices were stable in Turkey this week although demand was still soft in the local and export markets, Metal Bulletin was told on Friday April 20.Domestic pricesOne Northern Turkish producer was offering 0.50mm hot-dipped galvanized coil (HDG) at $790-800 per tonne ex-works this week.A second producer in the same region was still offering similar product at $825 per tonne ex-works.Sout...Read More
By Rory HallThis is about as underreported as it gets. A tiny, almost nonexistent report appeared in Trend.az news service on Thursday April 19 announcing that Turkey's Central Bank had moved 220 tons of gold out of the Federal Reserve System to take possession in Turkey. Trend is also reporting that an additional 95 tons of gold is being moved out of the Federal Reserve and back to Turkey.Remem...Read More
North Korea has agreed to suspend all Nuclear Tests and close up a major test site. This is very good news for North Korea and the World - big progress! Look forward to our Summit.Continue...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Iron ore prices and trading activity both faltered on Friday April 20, after the value of Metal Bulletin's 62% Fe Iron Ore Index surged by more than $2.50 per tonne a day earlier.The stoppage of Anglo American's Minas-Rio iron ore operation in Brazil will have an effect, albeit a small one, on worldwide...Read More
"Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High! No good and will not be accepted!"Continue...Read More
The light iron scrap market in the UK was unchanged for a second week in a row in the seven days to Friday April 20, with steady domestic demand counteracting a drop in export prices to key destinations such as the Turkey and the Indian subcontinent.The market has been stable for two weeks after price losses on the European export market in late March and early April.Metal Bulletin's weekly price...Read More
President and CEO Steve Roebuck said this week the 18 core holes (for 1,749m) drilled on OR79 in February-March this year confirmed two north-south trending mineralised corridors defined by the presence of multiple 0.3-1m-wide mineralised intersections grading up to 5.09 grams per tonne gold over 0.65m.Enforcer reported the mineralised intersections were primarily hosted in weakly to strongly shea...Read More
FDA advisers voted unanimously on Thursday in favor of allowing the experimental medication from GW Pharmaceuticals to be put on the marketContinue...Read More
"Why do we make all loans in dollars? Let's use another currency. I suggest that the loans should be made based on gold," Continue...Read More
Domestic prices for rebar in Poland have moved down slightly, while distributors are cautious on making new deals, sources told Metal Bulletin."Demand from the construction industry is getting stronger but as the outlook for the European rebar market is unclear, distributors are buying smaller volumes and do not want to build high stocks," a Polish trader said.Metal Bulletin's weekly price assessm...Read More
The light iron scrap market in the UK was unchanged for a second week in a row in the seven days to Friday April 20, with steady domestic demand counteracting a drop in export prices to key destinations such as the Turkey and the Indian subcontinent.The market has been stable for two weeks after price losses on the European export market in late March and early April.Metal Bulletin's weekly price...Read More
- 'Powerful bull market' will likely send gold to $5,000 to $10,000- If USD & Treasuries keep falling, stocks may decline at 'moment's notice'- Traditional portfolio of stocks and bonds will not protect investors- "Gold will replace bonds as the go-to hedge"by Brian Delaney of Secure InvestmentsGold is gaining momentum after a 5-year consolidation and is set to challenge the 2011 highs some tim...Read More
Ferrous scrap prices in the bulk sector dipped during the working week ended Friday April 20 due to downward pressure from Turkish import prices, which fell midweek in several trades for material from the United States and the Baltic Sea.But this downward trend was not seen in the containerized scrap import market. Taiwanese scrap import prices remained flat on sparse trading this week, while the...Read More
The agreement will give it access to the Saltpond and Cape Coast lithium projects in Ghana, which include 645sq.km of prospective lithium targets that should complement IronRidge's lithium portfolio in neighbouring Cote D'Ivoire.Read More
JOHANNESBURG (miningweekly.com) – JSE-listed diamond mining company Trans Hex’s subsidiary Trans Hex Operations (THO) has entered into an agreement to sell its Lower Orange River (LOR) operations – the Bloeddrif and Baken mines – to black women-owned LOR Diamonds for R72-million.The agreement includes the disposal of the business conducted by THO relating to the exploration...Read More