Recent News

Camino Identifies a New Zone Along the Diva Trend

March 13, 2018 / news.goldseek.com

Camino Minerals Corp. ("Camino" or the "Company") (COR: TSX-V) is pleased to report that the 2018 soil sampling program has delineated a new target area along the Diva Structural Trend at its Los Chapitos project ("Chapitos"), located in southern Peru. The soil sampling program tested a six kilometer-long area along the projection of the Diva Structure and centered on the Adriana Zone ("Adriana...Read More

Bank Stocks Lead Gold Stocks Higher

March 13, 2018 / news.goldseek.com

Graceland Updates By Stewart Thomson 1. As the world transitions from deflation to inflation, investors need to engage in serious sector rotation or they risk being left behind.2. Income growth in China/India, US government tax cuts, central bank rate hikes, and quantitative tightening are the main fundamental forces of this transition.3. Please click here now. The paint is ba...Read More

Will Rising Interest Rates Push Gold Higher?

March 13, 2018 / www.gold-eagle.com

There has been an incredible amount of chatter as to how many times the Federal Reserve is going to raise rates in 2018, and the speed at which it will raise them by. For gold investors, the old question lingers, "What will rising interest rates mean for the price of gold?" The simple viewpoint has been that rising rates are bad for gold because gold is not an interest-bearing asset. Why would you...Read More

DAILY SCRAP REPORT: Turkish mills hold back amid Section 232 uncertainty

March 13, 2018 / www.metalbulletin.com

The Turkish steel scrap market remained quiet on Tuesday March 13, with the mills in the country holding back from deep-sea scrap purchases since the end of last week.The mills stepped back from the market after the Section 232 tariffs were officially signed in the United States, imposing a 25% import duty on all steel products. The Turkish mills are now watching the market to see what direction i...Read More

Hungary's Gold Repatriation Adds To Growing Protest Against US Dollar Hegemony

March 13, 2018 / news.goldseek.com

- Hungarian National Bank (MNB) to repatriate 100,000 ounces gold from Bank of England- Follows trend of Netherlands, Germany, Austria and Belgium each looking to bring gold back to home soil- Hungary one of the smallest gold owners amongst central banks, with just 5 tonnes- Central bank gold purchases continue to be major drivers of gold market- Russian central bank gold reserves now exceed th...Read More

Monetary Metals' Weiner refuses to see anything wrong in the gold market

March 13, 2018 / news.goldseek.com

Dear Friend of GATA and Gold:These days there aren't many denials of gold market manipulation by governments and central banks. As the documentation has piled up, most of the former deniers have fallen silent or struck the pose of 321Gold's Bob Moriarty, who these days writes that all markets are manipulated and everyone should just get over it, as if the identity of the manipulators, their capa...Read More

Dow Jones Industrials - Initial Bear Market Target: 16,100

March 13, 2018 / www.gold-eagle.com

If it looks like a duck, and it walks like a duck and quacks like a duck - then its probably a duckThe five charts below show clearly that:The Dow Jones Industrial Average has topped - having broken up in a "last gasp lunge" above a multi decadal upper channel line following the completion of a Bearish "Megaphone" formation.It is currently in the closing stages of completing a Bearish "Diamond" fo...Read More

Asian Metals Market Update: March-13-2018

March 13, 2018 / news.goldseek.com

It seems there are buyers on dips in gold and silver as focus is on global trade wars. The US dollar has not gained significantly despite robust job creation. Today's USA session is very crucial for gold and silver and the US dollar. There can be three percent either side move anytime. Today's close will set up the trend till the FOMC meet next week. Physical buyers as well as gold and silver...Read More

Will Inflation Burst the Everything Bubble?

March 13, 2018 / news.goldseek.com

By Graham Summers The economic data is now beginning to reveal what the bond market has been screaming for weeks: namely that INFLATION. HAS. ARRIVED. In the last 24 hours we've seen:Core inflation rose 2.2% year over year for the month of February.Media one-year inflation expectations rose to 2.83% from 2.71%Wage data rose at an annualized pace of 3% over the last three months.The markets hav...Read More

FOCUS: The rising importance of portside iron ore trading in China

March 13, 2018 / www.metalbulletin.com

Shorter lead times, smaller volumes and less onerous financing arrangements have seen portside iron ore trading grow in popularity over the past three-to-four years. Portside iron ore prices in China have largely remained at a discount to seaborne levels so far this year amid a slowdown in construction activity and high stock levels.According to estimates from a local information provider in China...Read More

Jack Chan's Weekly Precious Metals Update

March 13, 2018 / news.goldseek.com

Source: Jack Chan for Streetwise Reports 03/12/2018 Technical analyst Jack Chan charts recent movements in the gold and silver markets. -->Our proprietary cycle indicator is down.Read More

GULF STEEL BILLET, REBAR: Rebar import prices rise, but demand very sluggish

March 13, 2018 / www.metalbulletin.com

The prices for imported rebar in the United Arab Emirates and Saudi Arabia increased this week with higher offers, but demand for imports was still very low, sources told Metal Bulletin on Tuesday March 13.Demand for locally produced rebar in the UAE, however, remained strong.Domestic rebarThe major rebar producers in the UAE rolled over their prices for March and April production late in February...Read More

Unbiased Gold Analysis of Draghi Dropping the Bias

March 13, 2018 / news.goldseek.com

The ECB dropped its easing bias on Thursday. Monetary hawks are pleased. But doves are holding tight. And what does gold do? Hawks Awaken in Frankfurt...A major change at the European Central Bank! On Thursday, it removed its long-standing pledge to increase bond buys if needed. In January we could read that statement: (...) if the outlook becomes less favourable, or if financial conditions be...Read More

CHINA REBAR: Weak billet, futures cut short domestic recovery

March 13, 2018 / www.metalbulletin.com

China's domestic rebar prices retreated on Tuesday March 13 on losses in the billet and futures markets, after posting a recovery just a day earlier. Domestic Eastern China (Shanghai): 3,790-3,850 yuan ($599-608) per tonne, down 20-30 yuan per tonne Northern China (Beijing): 3,900-3,930 yuan per tonne, down 20-30 yuan per tonne The price of billet fell 40 yuan per tonne late on Monday due to weak...Read More

Follow the Herd With GDX and GLD

March 13, 2018 / news.goldseek.com

By Avi GilburtFor those that follow me regularly, you will know that I have been tracking a set-up for the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX), which I analyze as a proxy for the metals mining market. I also believe that GDX can outperform the general equity market once we confirm a long-term break out has begun, and I still think we can see it in occur in 2018. This week, I will provi...Read More

Southeast Asia billet, slab import prices rise further on low supply

March 13, 2018 / www.metalbulletin.com

Import prices for steel billet in Southeast Asia and slab in the wider region encompassing East Asia continued to strengthen over the past week amid fewer offers and thin trading.BilletMetal Bulletin's assessment of import prices for billet in Southeast Asia was $565-575 per tonne cfr for the week ended Monday March 12, narrowing upward by $5 per tonne from $560-575 per tonne cfr a week earlier.Tr...Read More

Record Low Volatility in Precious Metals and What it Means

March 13, 2018 / news.goldseek.com

By Jordan Roy-Byrne CMT, MFTA The past 18 months have been difficult for precious metals investors. If you had known Donald Trump would be elected and the US Dollar would soon begin a nearly 15% decline, you would have expected Gold to blow past its 2016 high. You would have been shocked to see the gold miners and junior gold stocks trading lower. Gold has fared okay but the gold stocks and Sil...Read More

Crypto Crackdown? - Bitcoin Can't Be Regulated

March 13, 2018 / news.goldseek.com

By Mike Maloney"Wall Street and the financial sector are all trying to figure out 'Well how can we get a piece of these profits?', and the way it is engineered - they can't!"https://goldsilver.com/promo/freebook/ Read More

GLOBAL MANGANESE WRAP: Manganese ore producers boost offer prices against perceived strong end-user demand

March 13, 2018 / www.metalbulletin.com

The manganese ore price-trend outlook was firmly above $8 per dry metric tonne unit (dmtu) on Friday March 9, while producers reckon consumer interest will act as support, though there was a downbeat assessment among consumers. Ore producers say they are sold out through April But Chinese consumers signal otherwise Europe holds, awaits quarterly deals US markets held in rangesMajor manganese ore p...Read More

GLOBAL VANADIUM WRAP: European, US prices surge amid significant supply concerns, outpacing Chinese upward moves

March 13, 2018 / www.metalbulletin.com

The Chinese vanadium market edged upward despite limited trading activity, while the European and US ferro-vanadium markets surged on significant supply concerns. Chinese vanadium suppliers raise offers despite limited activity European market surges on increasingly tight supply US ferro-vanadium market strengthens again, supply squeeze supportsChinese ferro-vanadium export prices continued to tre...Read More

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