Turkish steel producers have continued to book deep-sea scrap for April while the prices were still rising, sources said on Thursday March 1.A steel mill in the Iskenderun region booked a Canadian cargo, comprising 30,000 tonnes of HMS 1&2 (90:10), 10,000 tonnes of shredded and 10,000 tonnes of plate and structural scrap (P&S) at an average price of $372...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."Does Lassonde mean that gold is doing as well as it could against the daily gold derivatives trading by cent...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

Iron ore prices recovered some losses on Thursday March 1 and returned above $79 per tonne though demand remained sluggish.Metal Bulletin's 62% Fe Iron Ore Index Today: $79.39 per tonne cfr Qingdao Daily change: up by $0.78 per tonne Month-to-date average: $79.39 per tonne Metal Bulletin's 58% Fe Premium Index Today: $62.05 per tonne cfr QingdaoDaily change: up by $0.43...Read More

SummaryThe bear market for benchmark 10-year Treasury yield is at its end - disruption is comingNumerous indicators corroborate: we are in the midst of an economic transitionWill the Powell Fed quickly evolve into a strong counter-balance to the powerful economic transition?On an intraday basis, we explore these overarching themes overlaid on price behavior in my private investing community at MPt...Read More

"Ukraine will have no difficulty absorbing this system into its armed forces." Continue...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

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 sentim...Read More

Turkish steel billet prices have continued to climb up over the past week, amid strengthening scrap values and good demand for the material, sources said on Thursday March 1.Metal Bulletin's weekly price assessment for billet imports into Turkey on Thursday was $535-545 per tonne cfr, up from the last week's $525-540 per tonne.Suppliers in the CIS region have enjoyed the demand from Turkish custom...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

In a recent story about some of Social Security's stranger aspects, I promised to tell you how the Amish opted out of the system in a future article.Continue...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 U.S. will place tariffs of 25 percent for steel and 10 percent for aluminum, Trump said.Continue...Read More

Steel billet import prices in Egypt increased in the week ended Thursday March 1, although demand was only moderate.Metal Bulletin's weekly price assessment for Egyptian billet imports increased to $525-540 per tonne cfr from $515-530 per tonne cfr previously.CIS-origin billet was on offer in Egypt at $525-540 per tonne cfr this week, while Iran offered...Read More

Continue...John Embry joined Sprott Asset Management LP as Chief Investment Strategist in March 2003. He plays an instrumental role in developing the corporate and investment policy of the firm. John, an industry expert in precious metals, has studied the gold sector for over thirty years and has accumulated industry experience as a portfolio management specialist since 1963. Read More

China's domestic rebar prices posted big gains on Thursday March 1 after major producers announced higher list prices for the long steel product. Domestic Eastern China (Shanghai): 4,080-4,120 yuan ($645-651) per tonne, up 60 yuan per tonne Northern China (Beijing): 4,130-4,150 yuan per tonne, up 20-30 yuan per tonne East China's major rebar producer, Shagang, raised its ex-works price by 250 yuan...Read More

Only when we have negative real interest rates does gold tend to benefit significantly. Continue...Read More

Spot prices for European molybdic oxide and ferro-molybdenum climbed in Metal Bulletin's midweek assessment, extending gains on renewed demand and an expectation that consumers in the steel sector will add to that demand for second quarter deliveries soon. Metal Bulletin assessed molybdic oxide prices at $12.80-12.85 per lb in-warehouse Rotterdam on Wednesday February 28, up from $12.55-12.75...Read More

Robust nickel prices and fewer firm offers pushed prices up in East Asia's stainless steel markets over the past week despite weak demand.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm cold-rolled coil was $2,250-2,330 per tonne cif East Asian ports for the week ended Wednesday February 28, widening upward by $10 per tonne from a week earlier.Metal Bulletin's assessment of p...Read More

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