Exporters of CIS-origin pig iron sold large tonnages of material this week at lower prices, but are now preparing to increase their offers amid a bullish scrap market, sources have told Metal Bulletin.Metal Bulletin's export price assessment on Thursday February 22 for high-manganese pig iron from the CIS region was $345-370 per tonne fob Black Sea, unchanged week-on-week.After the price assessmen...Read More

Russian central bank buys gold - large 600,000 ounces or 18.7 tons of gold in January- Russia increased its holdings to 1,857 tons, topping the People's Bank of China's 'reported' 1,843 tons- Russia surpasses China as 6th largest holder of gold reserves - after U.S., Germany, IMF, Italy and France- Turkish central bank added 205 tons "over 13 consecutive months" - Commerzbank- Meanwhile, Russia...Read More

MGX MINERALS ANNOUNCES COMPLETION OF 3,000 METRE DRILL PROGRAM AT CASE LAKE LITHIUM; 8,000 METRE SPRING DRILL PROGRAM PLANNEDMGX Minerals Inc.'s joint venture partner Power Metals Corp. has completed a 30-hole, 3,000-metre diamond drill program on the Northeast dike at its Case Lake property near Cochrane, Ont. Drilling successfully intersected multiple course-grain pale green spodumene zones at s...Read More

Rick Rule, the president and CEO of Sprott US Holdings, joins us this month to answer questions from Sprott Money customers regarding gold, silver and the mining shares.Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest product...Read More

By Gary SavageSometimes the volatility of daily price movement causes traders to lose sight of what is really happening. This video gives a refreshing view of the bigger picture for a number of markets using their weekly charts.https://blog.smartmoneytrackerpremium.com/ Read More

A key issue to note if you want to time market turns is that stocks are always the last asset class to "get it."Consider that high yield credit or Junk Bonds (HYG) have lead stocks from the January '16 lows.HYG also peaked and rolled over before the S&P 500 during this recent meltdown (blue vs. black circles).With that in mind, I note that HYG is NOT leading the S&P 500 during this recent bounce....Read More

By Harris KuppermanAbout a year ago, I read The Great Beanie Baby Bubble by Zac Bissonnette. It details how basic human greed, an artificial sense of scarcity and newly created technology like eBay, were used to artificially inflate re-sale prices and convince otherwise intelligent humans to sink their life savings into plush toys that were being created by the millions at a price-point measured...Read More

Continue...Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His book titles hold four of the top ten spots on Nielsen Bookscan List's Life-to-Date Sales from 2001-2008 alone. Robert is an educational Entrepreneur and real estate tycoon, co-creator of the CASHFLOW (R) board game, founder of the financial education-based Rich Dad Company and...Read More

Turkish steel producers went back to buying deep-sea scrap on Thursday February 22, and paid comparatively higher prices, sources told Metal Bulletin.A steel mill in the Iskenderun region booked a US cargo, comprising 13,000 tonnes of HMS 1&2 (90:10) at $360.50 per tonne, 20,000 tonnes of shredded at $363.50 per tonne and 2,000 tonnes plate and structural scrap (P&S) at $368.50 per tonne cfr.Anoth...Read More

Full Article: Five Percent In Gold Makes Sense As Volatility Rises Full Article: Neils Christensen(Kitco News) - The world's largest investment firm thinks that holding even a little bit of gold will help to smooth out growing volatility in financial markets.In an interview Tuesday with Bloomberg New, Russ Koesterich, head of asset allocation for BlackRock Inc.'s global allocation team said the...Read More

A key issue to note if you want to time market turns is that stocks are always the last asset class to "get it."Consider that high yield credit or Junk Bonds (HYG) have lead stocks from the January '16 lows.HYG also peaked and rolled over before the S&P 500 during this recent meltdown (blue vs. black circles).With that in mind, I note that HYG is NOT leading the S&P 500 during this recent bounce....Read More

Stocks dove late in Wednesday's session on news that the minutes from the January FOMC meeting were more than a little hawkish. From where we were sitting, the selloff looked like a brazen shakedown. It amounted to a 475-point reversal in the Dow, but that's the kind of plunge that Wall Street's thimble-riggers engineer whenever they are hungry for shares at bargain prices. For their part, the F...Read More

Special counsel Robert Mueller just increased the pressure on former Trump campaign chairman Paul Manafort and aide Rick GatesContinue...Read More

Dear Reader,If you're looking for answers as to why the US financial system is the way it is... or have questions about what's coming down the pike in the financial markets, pick up a copy of our bestselling book The Everything Bubble: The End Game For Central Bank Policy on KINDLE today.If you've yet to pick up a copy, grab one now. You'll immediately know more about how the financial system work...Read More

Iron ore prices slid on Thursday February 22 but stayed above $78 per tonne cfr China with market participants still on the sidelines despite returning from their Chinese New Year break. Metal Bulletin's 62% Fe Iron Ore Index Today: $78.20 per tonne cfr Qingdao Daily change: down by $0.23 per tonne Month-to-date average: $76.92 per tonne Metal Bulletin's 58% Fe Premium Index Today: $61.56 per tonn...Read More

- Russia increased its holdings to 1,857 tons, topping the People's Bank of China's 'reported' 1,843 tons- Russia surpasses China as 6th largest holder of gold reserves - after U.S., Germany, IMF, Italy and France- Turkish central bank added 205 tons "over 13 consecutive months" - Commerzbank- Meanwhile, Russian ally Venezuela is launching a new gold-backed cryptocurrency next weekRussia has...Read More

China's domestic rebar prices remained the same as before the country's Chinese New Year break on Thursday February 22 amid thin trading. Domestic Eastern China (Shanghai): 3,860-3,920 yuan ($608-618) per tonne, unchanged Northern China (Beijing): 3,950-3,990 yuan per tonne, unchanged Very few traders were offering rebar on the first working day after a weeklong holiday. Most market participants h...Read More

China's ferrous futures tumbled during the morning trading session on Thursday February 22 with sentiment cooling continually in the opening hours after the country returned to work after a weeklong Lunar New Year holiday.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,860 yuan ($608) per tonne, down 78 yuan per tonne May hot-rolled coil: 3,924 yuan per tonne, down...Read More

Peter KrauthSilver is a wonder material – for sheer versatility, there's no competition in the precious metals.They may call it the "poor man's gold," but it's critical to industry and beyond.As the metal with the highest conductivity, silver has become indispensable to electronics and high-tech energy. Silver paste is used in 90% of crystalline silicon photovoltaic cells, the most common ty...Read More

SHANGHAI, Feb 22 (SMM) – Nonferrous metals futures saw mixed trading as China reopens after the week-long holiday with SHFE lead, nickel and copper up slightly while aluminium slid over 1%. Both tin and zinc also edged down.In the ferrous complex, both coking coal and coke went up while rebar was down 1.7% and hot-rolled coil slipped 1.4%.Copper: SHFE copper came off from highs registered ea...Read More