By Ronan Manly"Did you think that the high-powered world of the LBMA would operate in a fishbowl for all to see? We cannot take what is on the outside as evidence for what is on the inside."Thoughts of ANOTHER - October 1997LBMA Gold Price and LBMA Silver Price - Price Publication DelaysIn August 2014, the long-standing and tainted London Silver Fixing daily auction was replaced by a newly launc...Read More
- Sales in London property market at 'historic lows'- 65% fall in pre-tax profits in 2017 to ?6.5m reported by London estate agents Foxtons- Foxtons warns 2018 will 'remain challenging' for London property- Norway's sovereign wealth fund is backing London's property market- RICS: UK property stock hits record low as buyer demand falls- Own physical gold to hedge falls in physical propertyThe w...Read More
"Incoming information... confirms the strong and broad-based growth momentum in the euro area economy, which is projected to expand in the near-term at a somewhat faster pace than previously expected."Continue...Read More
Steel billet import prices and domestic rebar prices in Egypt increased in the week ended Thursday March 8, although demand was still only moderate.Metal Bulletin's weekly price assessment for Egyptian billet imports rose to $530-545 per tonne cfr on Thursday from $525-540 per tonne cfr previously.CIS-origin billet was on offer in Egypt...Read More
"So it begins." This is what King Theoden said right before the Battle of Helm's Deep in the Lord of the Rings. Fortunately, the army of Uruk-hai doesn't threaten the kingdom of men. But something else - also dreadful - endangers us. Trade wars. Are Trade Wars Good? President Trump shook the world last week, saying: "(...) trade wars are good, and easy to win." Wrong! Each economist will say t...Read More
The new bill requires a three-day waiting period for all firearm purchases, increases the minimum age for anyone buying a shotgun or rifle from 18 to 21. It also bans Continue...Read More
Source: Jack Chan for Streetwise Reports 03/06/2018 Technical analyst Jack Chan charts recent movements in the gold and silver markets. -->Our proprietary cycle indicator is down.Gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.Gold sector is on a short-term sell signal. Short-term signals can...Read More
Turkish billet prices have continued to increase in line with rising imported scrap values, shortage of material and strong demand, sources said on Thursday March 8.Metal Bulletin's weekly price assessment for billet imports into Turkey on Thursday was $545-550 per tonne cfr, up from the $535-545 per tonne of last week.Suppliers in the CIS region have raised their offer prices to $550-560...Read More
"They had to do it because they are scared they'll find themselves on the end of an anti-trust collusion lawsuit."Continue...Read More
For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still.John Maynard KeynesDespite the heavy beating Bitcoin has taken, the sentiment has not turned bearish, and Bitcoin experts are still enthusiastically issuing wild targets...Read More
The mad rally in crypto markets has spurred another huge hype train-Initial Coin Offerings,Continue...Read More
China's domestic rebar prices tumbled further on Thursday March 8 amid weak demand. Domestic Eastern China (Shanghai): 3,830-3,900 yuan ($606-617) per tonne, down 80-90 yuan per tonneNorthern China (Beijing): 3,950-3,990 yuan per tonne, down 40-50 yuan per tonneDemand from the construction sector has shown very little recovery since the country's Chinese New Year break, and remained weak in recent...Read More
Stainless cold-rolled coil prices in East Asia widened over the past week with offers from China and Taiwan going in opposite directions, while those for stainless hot-rolled sheet narrowed on thin trading.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm trimmed CRC was $2,235-2,350 per tonne cif East Asian ports for the week ended Wednesday March 7, widening from $2,250-2,330...Read More
- Sales in London property market at 'historic lows'- 65% fall in pre-tax profits in 2017 to ?6.5m reported by London estate agents Foxtons- Foxtons warns 2018 will 'remain challenging' for London property- Norway's sovereign wealth fund is backing London's property market- RICS: UK property stock hits record low as buyer demand falls- Own physical gold to hedge falls in physical propertyThe w...Read More
Prices for hollow steel sections in Europe are expected to rise because of the low availability of steel coil, market sources have told Metal Bulletin.The supply of hot-rolled coil (HRC) has reduced because mills are heavily booked and there has been a lack of workable import offers. These factors have put tube mills in a quandary when trying to secure...Read More
The Mexican government has imposed final anti-dumping duties on imports of welded tube from China, the country's economy secretariat said.The decision follows confirmation that Chinese products were entering the country at lower prices than domestic ones, resulting in significant dumping margins, it added on Thursday March 8.Goods shipped by Chinese exporter Huludao will...Read More
Major Japanese steel producer Nippon Steel & Sumitomo Metals Corp (NSSMC) expects the requirements for car-making materials to become more diverse and advanced as automotive producers try to make vehicles that are lighter, stronger and more environmentally friendly."Rapid innovations in information technology such as artificial intelligence, a shift to electric [power] and other new energy vehicle...Read More
The United States is expected to announce the official Section 232 import tariffs in the next five hours - keep up to date with all the 232-related news.To see...Read More
Image: GlencoreThe price of copper dropped close to its 2018 lows and iron ore prices plunged on Thursday after customs data showed imports of raw materials by China weakening sharply in February.In brisk trading New York Comex copper for delivery in May gave up over 2% compared to Wednesday settlement price trading at $3.07 a pound ($6,770 per tonne). Copper is down 7% year to date.China's copper...Read More
The Mexican government has imposed final anti-dumping duties on imports of welded tube from China, the country's economy secretariat said.The decision follows confirmation that Chinese products were entering the country at lower prices than domestic ones, resulting in significant dumping margins, it added on Thursday March 8.Goods shipped by Chinese exporter Huludao will...Read More