Seaborne coking coal prices retreated on Thursday July 11, which left some participants in China surprised over the quantum of the decline, though they had no doubts about the direction of the market. A cargo of premium hard coking coal was heard to have been traded at $186 per tonne cfr China, down $5 per tonne compared with a transaction involving the same brand earlier this week."I am not sure...Read More

Trading activity in eastern China's hot-rolled coil market rose to moderate levels on Thursday July 11 after sellers cut prices.DomesticEastern China (Shanghai): 3,860-3,880 yuan ($561-564) per tonne, down 20-30 yuan per tonneNorthern China (Tianjin): 3,830-3,840 yuan per tonne, unchangedTrading in Shanghai was robust in the morning when traders set prices at 3,860-3,870 yuan per tonne.But once pr...Read More

China's rebar prices held steady on Thursday July 11 amid a drop in both supply and demand.Domestic Eastern China (Shanghai): 3,980-4,000 yuan ($578-581) per tonne, unchangedNorthern China (Beijing): 3,880-3,910 yuan per tonne, unchangedA total of 3.76 million tonnes of rebar were produced during the week to Thursday, down 21,000 tonnes from the preceding week, according to a local industry inform...Read More

Chinese stainless steelmaker Tsingshan Holding Group has completed the construction of its 600,000-tonnes-per-year cold-rolling mill in India and is currently putting it through its final stage of testing.The steelmaker has plans for another two phases of expansion for the mill, which...Read More

Domestic stainless steel prices in China moved down slightly over the past week amid low buying interest. Fastmarkets' price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China in the country's major market of Wuxi was 14,100-14,500 yuan ($2,049-2,107) per tonne including value-added tax for the week ended Wednesday July 10, down 100 yuan per tonne from a week earl...Read More

Former English Defence League leader Tommy Robinson is set to appear at the Central Criminal Court in London (Old Bailey) to hear the sentence in his contempt retrial on Thursday, July 11 after he was found guilty on Friday.In May 2018, he was already sentenced to 13 months in jail after live-streaming footage of defendants in a criminal trial. The court of appeal then overturned the ruling freein...Read More

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Legendary junior gold stocks investor Eric Sprott continued his buying spree this week as he snapped up the lion’s share of Golden Predator’s latest equity issue.   Golden Predator Mining Corp. (TSX.V:GPY) originally announced a private placement of worth $6.08m, in which Sprott had agreed to acquire 5 million shares - moire than a third of the latest batch - to increase his tot...Read More

Emmerson shares were trading at 3.84p early today, up more than 42% since the start of 2019 but off the recent high of 6.2p reached in May.The company's CEO Hayden Locke said the oversubscribed new share issue showed good investor support for Khemisset."These funds enable us to continue our strategy of rapidly advancing the project and our discussions with various potential strategic partners, wit...Read More

IsoEnergy Ltd. (TSXV: ISO; OTCQX: ISENF) is a well-funded uranium exploration and development company with a portfolio of prospective projects in the Eastern Athabasca Basin in Saskatchewan, Canada and a historic inferred mineral resource estimate at the Mountain Lake uranium deposit in Nunavut. We learned from Craig Parry, CEO of IsoEnergy, that IsoEnergy was a spin-off from NexGen Energy, the co...Read More

The 5G marketing machine is shifting into high gear.Telecom majors all over the world are spending millions to promote their new 5G networks.And this time, the hype is real.See, the 5G market is unlike many others that have been hyped in recent years. Markets like cryptocurrency, cannabis, and, more recently, meatless meat have seen incredible growth. And there are still big opportunities to profi...Read More

Paramount Gold Nevada Corp. (NYSE American: PZG) is a US focused gold development company that owns 100% of the Grassy Mountain Gold Project, which consists of approximately 11,000 acres located on private and BLM land in Malheur County, Oregon. The Grassy Mountain Gold Project contains a gold-silver deposit, entirely located on private land, for which results of a positive PFS have been released...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 306,10561,34262,529163,955442,371532,589566,242 Change from Prior Reporting Period -6,5977,586-9,1043,673-4,733-12,028-6,251 Traders 21375775964308187 Small Speculators LongShortOpen Interest 66,38832,735598,977 5,056-721-6,972 non reportable positionsCha...Read More

- Mike GleasonChairman Powell's testimony this week was closely scrutinized not just for its economic implications but also for its political overtones. Powell cited "trade tensions" as cause for concern about the strength of the global economy. He clearly seemed to be blaming President Trump's tariffs.But if the tariffs are what ultimately move the Fed to cut rates, Trump will have finally go...Read More

Dear Friend of GATA and Gold:Silver market rigging critic Ted Butler's new commentary details the capture of the commodity markets by derivatives employed by a small number of financial houses, thereby destroying market pricing. His commentary is headlined "Deliberately Looking Away," referring to the failure of the U.S. Commodity Futures Trading Commission and Justice Department to do anything...Read More

Gold surged dramatically in recent weeks, powering higher to a decisive bull-market breakout. Gold's first major secular highs in years have really improved sentiment, with bullishness mounting. But gold-futures buying fuel is largely exhausted, after the colossal amount expended to catapult gold back over $1400. That leaves this metal at high risk of suffering a major selloff, a healthy c...Read More

Dr. Marc Faber & Chris Waltzek Ph.D. - July 9th, 2019.*Thanks for supporting the show!Mp3 format. SummaryFrom his Thailand office, Dr. Marc Faber, a globally renowned economist and editor of the GloomBoomDoom report, returns with his outlook. According to Dr. Faber, the global economy is on the cusp of a recession. Investors are advised to batten down the hatches. A global / domestic economic...Read More

By: Peter Schiff, Chief Global Strategist of Euro Pacific CapitalWhile the willingness to abandon long held beliefs for political gain has always been a common trait among public figures, the spectacle has recently taken on shocking levels of casual audacity. The contempt for even minimal levels of intellectual consistency has allowed Kamala Harris to condemn Joe Biden for his past opposition t...Read More

It's time to turn around and see the darkness that the Fed sees looming over you. Earnings season is already extending signs of recession with the first corporate reports coming in far darker than expectations that were already twilight dim in FactSet's estimations, which pegged earnings as likely to show a 2% contraction.Even the Fed sees problems ahead. Jerome Powell's speech to congress has...Read More

By: Ira EpsteinFed would rate keep the economy alive, Powell doesn't want to have a situation with low-inflation. Fed likely to cut rates in July. In the gold market, a pattern, where it is going nowhere:Read More