Both the physical and paper markets for iron ore softened on Friday January 12 amid a further weakening of Chinese steel prices and with the disruptions attributed to a cyclone in Australia being less intense than expected.Key driversChina's spot rebar and hot-rolled coil prices fell 20-70 yuan ($3.10-10.80) per tonne during the day. The country's ferrous futures also tanked across the board.Weste...Read More
Deliverable nickel stocks at the Shanghai Futures Exchange-approved warehouses remained in an upward trajectory over the past week due to tax policy changes implemented at the start of the year.SHFE nickel inventories increased by 8,475 tonnes or 17.3% over the past week to 57,395 tonnes as of Friday January 12. Stocks have now increased by 29.8% in the first two weeks of January, compared with 44...Read More
China's domestic prices for hot-rolled coil fell at a faster pace on Friday January 12 amid a weakening of the futures market.DomesticEastern China (Shanghai): 4,150-4,200 yuan ($638-645) per tonne, down 60-70 yuan per tonne Northern China (Tianjin): 3,990-4,010 yuan per tonne, down 40 yuan per tonneFutures prices fell rapidly during Thursday night's trading session and weakened further on Friday,...Read More
The following Metal Bulletin minor metals prices changed on Friday January 12:Minor metals Antimony MB free market regulus, $/tonne: $8,050-8,350 per tonne from $8,000-8,350 Antimony MMTA standard grade II, $/tonne: $8,050-8,350 per tonne from $8,000-8,300 Chromium MB free market alumino-thermic, $/tonne: $8,000-8,300 per tonne from $7,700-8,000 Cobalt...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
An overview of China's minor metals markets in the week of January 8-12 and the reasons for any price moves.Read More
Base metals prices on the London Metal Exchange are generally higher this morning, Friday January 12, with prices fairly uniformly up between 0.5% and 0.6% - apart from tin prices that are down 0.1% at $20,159 per tonne. Three-month copper prices are up by 0.5% at $7,167 per tonne and zinc prices have been as high as $3,405 per tonne, which is a fresh multi-year high.Volume has been average, with...Read More
The spot gold price rose during Asian morning trading on Friday January 12, after hawkish language contained in the European Central Bank's (ECB) December meeting minutes and soft US data weighed on the dollar.The spot gold price was quoted at $1,328.56-1,329.10 per oz as of 12.24pm Shanghai time, up by $6.45 from the previous session's close. Trade has ranged from $1,322.85-1,329.15 so far today....Read More
China's domestic stainless steel prices have started to retreat over the past week on subdued demand. Metal Bulletin's assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,700-15,400 yuan ($2,259-2,367) per tonne including VAT for the week ended Thursday January 11, down 100-500 yuan per tonne a week earlier. The sustained lack of activity in the mar...Read More
The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday January 12:Aluminium scrap Floated Frag: ?,?1,290-1,330 per tonne from ?,?1,270-1,320 Cast:...Read More
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Jan 13, 2018 Guest(s): Robert Kiyosaki Holding real gold is the best way to have steady income, says Robert Kiyosaki, best-selling author of "Rich Dad Poor Dad" and his latest book "Why The Rich Are Getting Richer."Kiyosaki has been a self-proclaimed gold bug since 1972, and in his latest interview with Kitco News, he explained his journey with the yellow metal, from his first foray into gold w...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Tudor Gold (TSXV: TUD) Reports 149.1m of 1.78 g/t Gold at Treaty Creek, Including 59.2m of 2.84 g/t Gold Vancouver, British Columbia - January 15, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (the "Company" or "...Read More
Sprott's Rick Rule tells Silver Doctors if precious metals reverted to their three-decade mean as a percentage of total U.S. investments, demand would quadruple.Almost every asset class has been rising. Over the last month, gold and silver have been playing "catchup," Rule says.The size of the precious metal market is tiny right now in comparison to other asset classes. Rule reveals that if precio...Read More
The rebound in the precious metals sector continues. Friday, Gold pushed to another newContinue...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
For more than three decades, my grasp of economic and business fundamentals, demographics, and cycles has allowed me to empower my readers... to let them see aheadContinue...Read More
For Part 2 of this interview, CLICK HERE"I like crashes because everything goes on sale."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...Read More