Recent News

Gold Update - Half Cycle Low?

January 10, 2018 / news.goldseek.com

By Gary SavageThis video looks at the strong possibility that gold has completed a half cycle low and is ready to continue higher.https://blog.smartmoneytrackerpremium.com/ Read More

World Debt Is Rising Nearly Three Times As Fast As Total Global Wealth

January 10, 2018 / news.goldseek.com

By Steve St. AngeloSome nasty dark clouds are forming on the financial horizon as total world debt is increasing nearly three times as fast as total global wealth. But, that's okay because no one cares about the debt, only the assets matter nowadays. You see, as long as debts are someone else's problem, we can add as much debt as we like... or so the market believes.Now, you don't have to...Read More

The 2018 Decline in Precious Metals

January 10, 2018 / news.goldseek.com

The precious metals sector moved higher in the first days of this year, but based on yesterday's decline and the current price levels, 2018 is already a down year for silver and mining stocks. Gold is almost flat. This is a subtle clue that the rally may have already ran its course. The confirmation comes from what happened yesterday. Miners continued their decline, invalidating the previous bre...Read More

Removal of rebar import duty a big blow for Turkish steel industry, ??IB says

January 10, 2018 / www.metalbulletin.com

The Turkish Steel Exporters' Assn (??IB) believes that the removal of import duty on rebar is a significant blow for the domestic Turkish steel industry, the association said on Wednesday January 10.Turkey's ministry of economy removed the country's import duty on rebar on Monday January 1.The ??IB does not expect the removal of the duty to result in a fall in steel prices in 2018, however. Rather...Read More

Golden Arrow Applies to Extend Warrants and Grant Stock Options

January 10, 2018 / news.goldseek.com

VANCOUVER, B.C., Jan. 10, 2018 (GLOBE NEWSWIRE) -- Golden Arrow Resources Corporation (GRG.V) (GAC.F) (GARWF), "Golden Arrow" or the "Company") announces that the Company has made an application to the TSX Venture Exchange to extend the term of the outstanding warrants as follows:4,510,000 warrants that set to expire on January 28, 2018 to be extended to January 28, 2019. These warrants were ori...Read More

TMV : 3X Leveraged Short on Treasury Bonds

January 10, 2018 / news.goldseek.com

By RambusTMV is a 3 X short the TLT 20 year treasure bond etf. This trade is based on the TLT. For well over three years now the TLT has been building out what looks like a massive H&S top with the top of the right shoulder now in play. I'm going to take an initial position and buy 250 shares of TMV, 3 X short the TLT, and buy 250 shares at the market at 18.83 with the sell/stop on a daily close...Read More

Gold Hits All-Time Highs Priced In Emerging Market Currencies

January 10, 2018 / news.goldseek.com

- Gold at all time in eight major emerging market currencies- A stronger performance than seen when priced in USD, EUR or GBP- As world steps away from US dollar hegemony expect new gold highs in $, EUR and ?- Gold is a hedge against currency debasement and depreciation of fiat currenciesEditor: Mark O'ByrneSource: allstarcharts.com h/t @DominicFrisbyWhen we talk about the gold price we all...Read More

Asian scrap demand to grow while steel exports stay low in 2018, Irepas says

January 10, 2018 / www.metalbulletin.com

Export volumes of steel products from China will stay low in 2018, which will raise demand for scrap in other Asian countries, the International Rebar Producers & Exporters Association (Irepas) said on Wednesday January 10."For the first quarter of 2018, we can expect steel exports from China to remain reduced, which will continue to drive local steel mill demand elsewhere," Irepas said."Many coun...Read More

EUROPE PLATE: Domestic prices to rise on higher production costs

January 10, 2018 / www.metalbulletin.com

Domestic prices for heavy steel plate in Europe are expected to move upward on higher costs for slab and other raw materials, sources told Metal Bulletin on Wednesday January 10.In the meantime, however, prices have been largely unchanged this week with the market still slow after Christmas holidays.Metal Bulletin's weekly price assessment for domestic grade-S235JR heavy steel plate in Southern Eu...Read More

Asian scrap demand to grow while steel exports stay low in 2018, Irepas says

January 10, 2018 / www.metalbulletin.com

Export volumes of steel products from China will stay low in 2018, which will raise demand for scrap in other Asian countries, the International Rebar Producers & Exporters Association (Irepas) said on Wednesday January 10."For the first quarter of 2018, we can expect steel exports from China to remain reduced, which will continue to drive local steel mill demand elsewhere," Irepas said."Many coun...Read More

SOUTHERN EUROPE REBAR: Prices move up on higher scrap costs, returning demand

January 10, 2018 / www.metalbulletin.com

Domestic prices for rebar in Southern Europe have narrowed upward over the past week, on higher scrap costs and the return of market participants from seasonal holidays, sources told Metal Bulletin on Wednesday January 10.Metal Bulletin's weekly domestic price assessment for Southern European rebar rose to ?,?520-530 ($621-633) per tonne delivered on Wednesday, from ?,?505-530 per tonne on January...Read More

EUROPE CRC: Domestic producers to seek higher prices

January 10, 2018 / www.metalbulletin.com

European mills are expected to increase their domestic offer prices for cold-rolled coil (CRC), with supported from the lack of competitive import offers, sources told Metal Bulletin this week.Metal Bulletin's weekly price assessment for domestic CRC in Northern Europe was ?,?610-640 ($728-764) per tonne ex-works on Wednesday December 10, unchanged over the week.The assessment reflected "workable"...Read More

NORTH AMERICAN MORNING BRIEF 10/01: LME base metals prices recover; seaborne iron ore prices retreat; base metals premiums wraps

January 10, 2018 / www.metalbulletin.com

The latest metal markets news and price moves to start the North American day on Wednesday January 10.Base metals prices on the London Metal Exchange were mostly higher this morning, with nickel prices continuing to outperform the rest of the complex.The main supporting factors are falling stocks, increased fees for material entering China since the beginning of the year and higher long-term contr...Read More

EUROPEAN MORNING BRIEF 10/01: SHFE trades mostly lower; global aluminum premiums; US non-ferrous scrap exports backpedal

January 10, 2018 / www.metalbulletin.com

Good morning from Metal Bulletin's office in Singapore, as we bring you the latest news and pricing stories on Wednesday January 10.Base metals prices on the Shanghai Futures Exchange were mostly lower during Asian morning trading on Wednesday following mixed consumer price index and producer price index readings from China earlier in the day. Nickel and tin prices bucked the general weakness, how...Read More

EXPERT VIEW: New contracts, IB membership category key strategies for LME in 2018

January 10, 2018 / www.metalbulletin.com

After a year focused on re-establishing stability, the London Metal Exchange has started 2018 with its attention on driving more liquidity to the bourse by launching the Introducing Broker membership category and broadening its contract portfolio, says senior metals market consultant Martin Hayes. Twelve months ago, it was fair to say that the LME was facing a period of uncertainty - it had lost i...Read More

Signet Holiday Sales Disappoint

January 10, 2018 / www.diamonds.net

RAPAPORT... Signet Jewelers reported holiday sales fell 3% year on year to $1.88 billion, as issues relating to outsourcing its credit transactions adversely impacted the business. Signet in October sold its prime credit program to Alliance Data Systems for $960 million, meaning that credit purchases were now outsourced to the third party rather than extended by Signet. However, disruptions in the...Read More

RapNet Gets a Technological Interface-Lift

January 10, 2018 / www.diamonds.net

RAPAPORT... RapNet launched a new site on Tuesday, promising asafer, simpler and smarter way of trading diamonds online.  The aspects of RapNet that users enjoy will stay, but theredesigned platform will be easier to navigate, getting those users to theirdesired diamonds with fewer clicks. There are also handy tools such as a pricecalculator, the ability to compare up to 10 diamonds at once,...Read More

Gubelin and Everledger Launch First Blockchain For Colored Gemstones

January 10, 2018 / www.idexonline.com

(IDEX Online) - The G? 1/4 belin Gem Lab and blockchain company Everledger have signed a partnership "to create new transparency levels in the gemstone industry".   The G? 1/4 belin Gem Lab, is a well-known gem lab, while Everledger is a global emerging technology enterprise. They said in a joint statement that are teaming up to drive more transparency in the gemstone industry by creating the...Read More

Kohl's, Target See Positive Holiday Season

January 10, 2018 / www.diamonds.net

RAPAPORT... Kohl's and Target both reported sales growth during the holiday season, continuing the positive trend seen in the US retail sector this year.  Kohl's reported a 6.9% year on year rise in total sales, with growth across most categories."We are very pleased with our holiday-period sales, which wereconsistently strong through November and December." said Kevin Mansell, chairman...Read More

Signet Jewelers Posts 5.3% Decline In Store Sales, Total Sales Drop 3.1%

January 10, 2018 / www.idexonline.com

(IDEX Online) - Signet Jewelers Limited the world's largest retailer of diamond jewelry, said that same store sales (SSS) decreased by 5.3 percent, while total sales decreased by 3.1 percent in the 9 week holiday season ended December 30.   The jeweler said that the implementation of strategic priorities drove double-digit eCommerce growth overall, while SSS increased by 4.0 percent at t...Read More

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