China's domestic hot-rolled coil prices regained some upward momentum on Thursday March 1 following the release of data showing a lower-than-expected rise in inventory levels over the past week.DomesticEastern China (Shanghai): 4,170-4,190 yuan ($659-662) per tonne, up by 20 yuan per tonneNorthern China (Tianjin): 4,100-4,120 yuan per tonne, up by 10 yuan per tonneThe increase in the HRC market's...Read More

Cranbrook, B.C., March 1st, 2018: Eagle Plains Resources Ltd. (TSX-V: "EPL") has received notice from Aben Resources Ltd. (TSX-V: "ABN") confirming that permits are in place and camp construction has commenced on EPL's 100%-owned, 4,656 ha Chico Gold Project located 125km east of La Ronge, Saskatchewan and 40km south of SSR Mining's (formerly Silver Standard Resources) Seabee Gold Operation. Det...Read More

We are about to commence a major bull market in Gold, Silver, mining and exploration stocks. Many of them should move up to price levels that will astonish investors. Because there is very little comprehensive research coverage for most precious metals companies, many remain overlooked and undervalued. The oncoming price moves up in the precious metals shares' prices should be far above investor...Read More

China's steel and iron ore futures largely fluctuated downward during morning trading on Thursday March 1 while coking coal and coke contracts ended the session slightly higher than their opening prices.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 4,047 yuan ($639) per tonne, down 3 yuan per tonne May hot-rolled coil: 4,097 yuan per tonne, down 16 yuan per tonne Da...Read More

Not nice, Mr. Powell! Gold prices fell more than 1 percent after your comments as the Federal Reserve's new chairman. What did you say - and what are the implications for the precious metals market? As We Warned, Powell Is More Hawkish We have been alerting investors about the hawkish turn at the FOMC for a long time. For example, in the Gold News Monitor on February 13, we wrote that Powell c...Read More

Dear Friend of GATA and Gold:Oh, for a journalist who would put a few serious questions to Franco-Nevada Chairman Pierre Lassonde, former chairman of the World Gold Council, when he says, as he told Daniela Cambone of Kitco News this week, that "gold is well-priced" and "where it should be."http://www.kitco.com/news/video/show/BMO-Conference-2018/1869/2018-02-28...Does Lassonde mean that gold is...Read More

By Steve St. AngeloWhile official sources forecast U.S. Gross Domestic Product (GDP) to surpass $20 trillion this year, the real figure is probably much less. So how much less is real U.S. GDP? Well, that depends on how it is measured. If we factor in energy consumption and the increase in total public debt, U.S. GDP is likely less than half of the current figure.Yes, it sounds insane to s...Read More

- Four key themes to drive gold prices in 2018 - World Gold Council annual review- Monetary policies, frothy asset prices, global growth and demand and increasing market access important in 2018- Weak US dollar in 2017 saw gold price up 13.5%, largest gain since 2010- "Strong gold price performance was a positive for investors and producers, and was symptomatic of a more profound shift in s...Read More

The purchasing managers' index (PMI) for the eurozone manufacturing sector has contracted for the second month in a row, amid a slowdown in the growth of new export orders, data organization IHS Markit said on Thursday March 1.February's final manufacturing PMI for the eurozone was 58.6, compared with 59.6 for January and the record high of 60.1 in December 2017.Anything above 50 indicates that th...Read More

Not nice, Mr. Powell! Gold prices fell more than 1 percent after your comments as the Federal Reserve’s new chairman. What did you say – and what are the implications for the precious metals market?As We Warned, Powell Is More HawkishWe have been alerting investors about the hawkish turn at the FOMC for a long time. For example, in the Gold News Monitor on February 13, we wrote that Po...Read More

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Prices for steel hollow sections have remained largely unchanged across Europe this week, with extreme weather in the region contributing to the low demand, sources said.Metal Bulletin's price assessment for Northern European domestic hollow sections remained at ?,?650-670 ($794-818) per tonne delivered on Wednesday February 28."Most [of Scandinavia]...Read More

– Four key themes to drive gold prices in 2018 – World Gold Council annual review– Monetary policies, frothy asset prices, global growth and demand and increasing market access important in 2018– Weak US dollar in 2017 saw gold price up 13.5%, largest gain since 2010– “Strong gold price performance was a positive for investors and producers,...Read More

German metals distributor Kl??ckner made a 12.3% year-on-year increase in earnings over the full year of 2017 because of higher prices and efficiency measures, the company said on Wednesday February 28.Kl??ckner's earnings before interest, taxes, depreciation and amortization (Ebitda) rose to ?,?220 million ($269 million) in 2017, up from ?,?196 million in 2016.The increase was a result of interna...Read More

Glaring non-confirmations in the precious metals world...Dovetailing perfectly with my last missive entitled "Shenanigans", this week's COT report covers the period of February 13- 20th and is a classic example of price capping by the bullion banks. It ended on the day after President's Day with stocks coming off a nerve-rattling week and trying desperately to find their footing. It is no coincide...Read More

Remember the "tea party" revolt in 2009-2010 against government bailouts and government spending? Remember the "fiscal cliff" drama of Dec. 31, 2012, when Congress raised Continue...Read More

CloseGain/LossGold $1315.30-$2.30Silver$16.49+$0.10XAU78.93+0.85%HUI173.26+0.81%GDM601.82+0.78%JSE Gold1066.31-2.64USD90.27-0.36Euro122.66+0.66Yen94.24+0.41Oil$60.99-$0.6510-Year2.807%-0.055T-Bond145.3125+0.875Dow24608.98-1.68%Nasdaq7180.56-1.27%S&P2677.67-1.33% The Metals: Gold fell $14.80 to $1302.80 in midmorning New York trade, but it then shot back higher in afternoon trade and ended...Read More

Exporters of CIS-origin pig iron have increased their offer prices, citing rises in scrap prices, sources have told Metal Bulletin.Metal Bulletin's export price assessment on Thursday March 1 for high-manganese pig iron from the CIS region was $350-365 per tonne fob Black Sea, narrowing from $345-370 per tonne fob Black Sea a week earlierAfter several cargoes of Ukraine-origin pig iron were sold t...Read More

Not nice, Mr. Powell! Gold prices fell more than 1 percent after your comments as the Federal Reserve's new chairman. What did you say - and what are the implications for the precious metals market?As We Warned, Powell Is More HawkishWe have been alerting investors about the hawkish turn at the FOMC for a long time. For example, in the Gold News Monitor on February 13, we wrote that Powell could m...Read More

"We have the strongest economy in 40 years, at full employment. The mood is euphoric. But it is unsustainable and comes with costs such as bubbles in stocks and credit,"Continue...Read More