Cranbrook, B.C., March 20th, 2018: Eagle Plains ("EPL" or "Eagle Plains") is pleased to announce that option partner SSR Mining Inc. (formerly Silver Standard Resources Inc.) ("SSRM") (TSX: SSRM) (NASDAQ: SSRM) has commenced its 2018 drilling campaign on Eagle Plain's 100%-owned Fisher Property. SSRM is planning approximately 18,000m (59,000') of drilling for the property during 2018, with an in...Read More
Dear Friend of GATA and Gold:Thanks to Keith Weiner of Monetary Metals for at least attempting a reply to your secretary/treasurer's recent commentary --http://gata.org/node/18105-- disputing his assertion that central banks don't care about gold and aren't manipulating its price. But in his new commentary, "Standing Ready to Lease Gold," posted at GoldSeek here --http://news.goldseek.com/GoldSe...Read More
"It is time. #deletefacebook," he wrote on Twitter.Continue...Read More
- $8.8B Sprott Inc. sees higher gold on massive consumer debt, defaults & bankruptcies - Rising and record U.S. debt load may cause financial stress, weaken dollar and see gold go higher- Massive government and consumer debt eroding benefits of wage growth (see chart)by BloombergRising U.S. interest rates, usually bad news for gold, are instead feeding signs of financial stress among debt-la...Read More
Domestic prices for ferrous scrap in Italy increased by ?,?30 ($35) per tonne this month following the positive trend in the international market, sources told Metal Bulletin.Metal Bulletin's monthly price assessment for domestic grade E3 scrap in Italy was ?,?290-310 ($357-381) per tonne delivered in March, up from ?,?260-280 per tonne delivered a month earlier. The increase was...Read More
The major long-term driver of the gold price is confidence in the official money and in the institutions (governments, central banks and private banks) that create/promote/sponsor the official money. As far as long-term investors are concerned the gold story is therefore a simple one: gold will be in a bull market when confidence in the financial establishment (money, banks and government) is in...Read More
By Ryan WildayIn my last article I stated that we had the potential for a lasting bottom in the crypto market, starting with a low in most coins on February 6th. However, in that article I also gave the conditions for that bottom to fail.Those conditions, unfortunately, became reality. We have since seen both Ether and Verge, highlighted in that article, slide to new lows below the February 6th...Read More
Iron ore prices slipped below $67 per tonne cfr China on Tuesday March 20 following further losses in China's steel and futures markets. Metal Bulletin's 62% Fe Iron Ore Index Today: $66.94 per tonne cfr Qingdao Daily change: down by $0.51 per tonne Month-to-date average: $72.69 per tonne Metal Bulletin's 58% Fe Premium Index Today: $54.58 per tonne cfr Qingdao Daily change: unchanged Month-to-dat...Read More
Peter KrauthThe price of silver today is down 0.34% in morning trading, as the Federal Reserve's next meeting approaches. However, silver prices could be gearing up for a new rally.The grey metal has been consolidating sideways since early February in a narrowing range between $16.20 and $16.85.But this week brings another FOMC meeting, one where the market currently pegs the odds of a rate hike a...Read More
Steel demand in Japan was down across most end-use industries in January, statistics released by the Japan Iron & Steel Federation (JISF) showed.The country's total domestic steel consumption in the month dropped by 2.7% year on year to 3.57 million tonnes.Demand in the manufacturing sector dropped the most, dipping by 7% compared with the corresponding month in 2017 to 1.57 million tonnes. This w...Read More
China's domestic rebar prices remained in a downward trend on Tuesday March 20 with sellers making more effort to destock.Domestic Eastern China (Shanghai): 3,670-3,730 yuan ($579-589) per tonne, down 60-70 yuan per tonne Northern China (Beijing): 3,850-3,880 yuan per tonne, down 20 yuan per tonne Sellers in the spot market lowered their prices after rebar futures declined in the morning trading s...Read More
- $8.8B Sprott Inc. sees higher gold on massive consumer debt, defaults & bankruptcies - Rising and record U.S. debt load may cause financial stress, weaken dollar and see gold go higher- Massive government and consumer debt eroding benefits of wage growth (see chart)by BloombergRising U.S. interest rates, usually bad news for gold, are instead feeding signs of financial stress among debt-la...Read More
Import prices for steel billet in Southeast Asia softened over the past week with more cargoes of cheaper Chinese product being offered to the region, while offers for slab in the wider region including East Asia are showing signs of declining.BilletMetal Bulletin's assessment of import prices for billet in Southeast Asia was $560-570 per tonne cfr for the week ended Monday March 19, down $5 per t...Read More
SHANGHAI, Mar 20 (SMM) – Base metals rode on momentum from one another and narrowed declines from yesterday. Most nonferrous metals, except nickel, closed lower. Lead fell 0.7%, tin and zinc dipped 0.6%, and copper and aluminium edged down. The ferrous complex rebounded and reduced losses. Iron ore dropped over 2%, coke fell over 1%, rebar and hot-rolled coil ed...Read More
Chinese vanadium suppliers pushed up their offer prices considerably last week, after the market continued to be supported by low availability of stocks. Chinese suppliers elevate offers on thinning inventories European ferro-vanadium market stabilizes temporarily amid spot demand slowdownUS ferro-vanadium market quiet, but further gains expected after strong late week dealsChinese vanadium export...Read More
Cranbrook, B.C., March 20th, 2018: Eagle Plains ("EPL" or "Eagle Plains") is pleased to announce that option partner SSR Mining Inc. (formerly Silver Standard Resources Inc.) ("SSRM") (TSX: SSRM) (NASDAQ: SSRM) has commenced its 2018 drilling campaign on Eagle Plain's 100%-owned Fisher Property. SSRM is planning approximately 18,000m (59,000') of drilling for the property during 2018, with an in...Read More
SHANGHAI, Mar 20 (SMM)? 1/4 ?Spot copper in the Shanghai market was offered at a discount of 220-190 yuan/mt on the morning of Tuesday March 20, SMM learned. This compared with discounts of 260-220 yuan/mt on the previous day's morning. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email service.en...Read More
SHANGHAI, Mar 20 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightExcept for SHFE aluminium, base metals edged down across the board under pressure from cautious sentiment ahead of the Federal Reserve’s meeting that will determine the hike in interest rates. LME copper and nickel fell close to 1%.The eurozone’s seasonally adju...Read More
SHANGHAI, Mar 20 (SMM) –Copper: LME copper fell below the five- and 10-day moving averages without firm support, while the SHFE 1805 contract traded below moving averages with some support at the 51,000 yuan/mt level. We expect LME copper to trade at $6,800-6,850/mt today and SHFE copper to trade at 51,150-51,500 yuan/mt. In the physical market, spot discounts are seen at 230-180 yuan/m...Read More