Beginning in late 2016, we began to question what we termed "The Generally Accepted Narrative of 2017". This allowed us to accurately forecast rising precious metal prices last year. For 2018, we will generally rely upon three overriding themes, and we discuss them in detail today.As a recap, what was GAN2017? We first spelled it out in a formal post on January 17, 2017. You can read it here: http...Read More

VANCOUVER, BRITISH COLUMBIA / January 11, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to announce the appointment of Christopher Wolfenberg to the Company's Board of Directors. Mr. Wolfenberg is a Partner with the law firm of Fasken Martineau LLP. Prior to his current position he was a Partner with Norton Rose Fullbright. He provides practical...Read More

- Gold prices rise to $1,326/oz on concerns China may slow U.S. Treasury buying- Equities fell sharply on the report as did Treasurys and the U.S. dollar- Chinese officials think U.S. debt is becoming less attractive compared to other assets- Trade tensions could provide a reason to slow down or halt U.S. debt purchases- U.S. dollar vulnerable as China remains biggest buyer of U.S. sovereign debt...Read More

By Graham SummersIf you want to make money investing, you first need to understand the structure of the asset classes in our current financial system.Everyone likes to go bonkers over stocks, but the reality is that the stock market is in fact one of the smallest and least liquid markets on the planet. All told, US stocks are roughly $26 trillion in market cap.By way of contrast, the US debt mar...Read More

By Craig HemkeBeginning in late 2016, we began to question what we termed "The Generally Accepted Narrative of 2017". This allowed us to accurately forecast rising precious metal prices last year. For 2018, we will generally rely upon three overriding themes, and we discuss them in detail today. As a recap, what was GAN2017? We first spelled it out in a formal post on January 17, 2017. You can r...Read More

Full Article: It's Time for the Fear Trade to Move Gold PricesBy: Frank HolmesThe price of gold and gold mining stocks were very competitive in 2017. The yellow metal ended the year up a little more than 13 percent-its best year since 2010-while gold stocks, as measured by the NYSE Arca Gold Miners Index, gained more than 11 percent. All of this occurred even as large-cap stocks regularly closed...Read More

By George SmithIf Tom Cruise was Born on the Fourth of July, then he can thank Thomas Paine, who it can be said was born on January 10, 1776 with the publication of his incendiary essay, Common Sense, that argued for independence from England. He priced it cheaply (two shillings), argued passionately, and wrote in a direct style so that readers could understand him. It was sold and distribute...Read More

- Gold prices rise to $1,326/oz on concerns China may slow U.S. Treasury buying- Equities fell sharply on the report as did Treasurys and the U.S. dollar- Chinese officials think U.S. debt is becoming less attractive compared to other assets- Trade tensions could provide a reason to slow down or halt U.S. debt purchases- U.S. dollar vulnerable as China remains biggest buyer of U.S. sovereign de...Read More

In my view there is nothing special about China's intention of reducing US treasury investment. This was bound to happen much earlier. China is "thee" happening place for the global financial service industry. It has opened up its economy for global investors. China is moving towards a service oriented growth from a manufacturing growth. Chinese moves economically or geopolitically is antagonizi...Read More

Molybdic oxide and ferro-molybdenum prices have been underpinned over the past week due to steady trading rates, buoyant conversion costs and strong underlying consumption in the steel sector, which is expected to persist in the near term.Molybdic oxide prices have pared gains slightly in the second week of trading in 2018, with the market at $11-11.30 per lb, in-warehouse Rotterdam on Wednesday J...Read More

India's JSW Steel recorded its highest-ever quarterly crude steel output in October-December 2017, producing 4.11 million tonnes - up 7% compared with the same quarter in 2016.The October-December period is the third quarter of JSW Steel's 2017-2018 financial year, which runs to March 31, 2018. Flat steel production dropped 1% year on year to 2.82 million tonnes, while long steel production increa...Read More

Mechel, one of the leading Russian mining and metals companies, has appointed Nelli Galeeva as its new chief financial officer (CFO), the company reported on Wednesday January 10.Prior to this appointment, Galeeva had been leading Mechel's accounting and tax department for four years and oversaw work on the...Read More

Turkish deep-sea scrap prices inched up with news of a fresh deal from the Baltic Sea on Thursday January 11. A steel mill in northern Turkey booked the cargo, comprising 12,000 tonnes of HMS 1&2 (80:20) at $375 per tonne, 12,000 tonnes of shredded at $380 per tonne and 4,000 tonnes...Read More

Huayou Cobalt and Posco will invest in two joint ventures in China's Zhejiang province to produce lithium-ion battery materials, according to a statement filed on the Shanghai Stock Exchange on Wednesday January 10. With a total investment of 1 billion yuan ($154 million), Zhejiang HUAYOU-POSCO New Energy Co, Ltd will be dedicated in the research and development, production, as well as sales of li...Read More

Turkish imported billet prices have inched up on higher scrap prices, while the country's domestic and export billet prices have remained stable over the past week, sources said on Thursday January 11.Metal Bulletin's weekly price assessment for billet imports into Turkey was $525-530 per tonne cfr on Thursday, narrowing upward from last week's $520-530 per...Read More

Turkish domestic long steel prices have fallen in line with the weakening of the country's lira, but are expected to recover soon, sources said on Thursday January 11.Metal Bulletin's weekly price assessment for domestic rebar in Turkey was $570-572 per tonne ex-works, down from last week's $580-590 per tonne.The domestic rebar prices in the Izmir and Iskenderun regions were $570-575 per tonne ex-...Read More

The latest metal markets news and price moves to start the North American day on Thursday January 11.Base metals prices on the London Metal Exchange continued to strengthen during morning trading, with zinc prices leading the pack.The three-month zinc price hit a high of $3,375 per tonne and looks set to push toward the $3,400 per tonne resistance barrier. It is being supported by further cancelat...Read More

Good morning from Metal Bulletin's office in Singapore, as we bring you the latest news and pricing stories on Thursday January 11.Nickel prices on the Shanghai Futures Exchange extended their gains during Asian morning trading on Thursday, tracking the strong performance of the metal on the London Metal Exchange in recent days, with robust demand amid a tighter market providing support. Chec...Read More

Diamond trading steady after positive US retail season. Signet disappoints again as Nov.-Dec. sales -3% to $1.9B due to glitches in outsourced credit program, lower sales of Ever Us line, and less effective promotions. Department stores rebound, with Macy's and J.C. Penney seeing jewelry growth. Richemont jewelry maisons' 3Q sales +5% to $2.2B. Rising expectations for Chinese New Year (Feb. 16) af...Read More

(IDEX Online) - Shmuel Schnitzer has stepped down as Chairman of the Israel Diamond Institute after less than two years in the post.   The IDI's Board of Directors has stated its appreciation for his years of service as Chairman of IDI and as a leader of the diamond industry.   The IDI Board released a statement saying, "The Board of Directors of the Israel Diamond Institute would...Read More