Northern China's rebar prices weakened on Monday July 8 while those in the country's eastern region held steady, with market participants still taking a wait-and-see approach after iron ore prices plunged last week.Domestic Eastern China (Shanghai): 3,970-4,000 yuan ($576-580) per tonne, unchangedNorthern China (Beijing): 3,900-3,940 yuan per tonne, down 10-20 yuan per tonneMarket participants wer...Read More

Key data from the pricing sessions in Asia and Europe for the week ended Friday July 5. China Key drivers  The antimony MMTA standard grade II ddp China price ended five weeks of stability last week, softening by 0.6% week on week.  The price dropped after some Chinese antimony producers in southwestern Yunan, Guizhou provinces and southern Guangxi province were heard to have cut their o...Read More

Key data from the pricing sessions in Asia and Europe for the week ended Friday June 5.China Key drivers  Good supply coupled with persistently weak demand pushed the Chinese silicon export price to its lowest level since September 2016.  Most silicon producers in Fujian province have shut down operations because of the cancellation of cheaper electricity prices in the third quarter by t...Read More

Key data from the Friday July 5 pricing session in Shanghai. Key drivers  China's cobalt market broadly remained under pressure on weak demand last week, with metal and tetroxide prices dropping 1.8% and 1.6% respectively on Friday from the midweek pricing session.  The cobalt metal price dropped by 8,000 yuan at the high end, which usually represents the...Read More

Key data from the July 5 pricing session in London. Key driversThe benchmark standard grade cobalt price fell to its lowest level in 32 months, with spot demand slow over the summer. Sellers are cutting their offer prices, or targeting the lower end of Fastmarkets' price range to lock in trades. Some sellers said they might be open to taking a bid below...Read More

A sharp drop in July ferro-chrome tender prices from China's leading mills triggered a further slide in spot ore and alloy prices last week. Spot ferro-chrome price dropped by 4.6% in ChinaUG2 chrome ore slid againAlloy prices under pressure in Japan and South KoreaEuropean alloy prices weaken again Chrome ore and ferro-chrome prices dropped in China in the week ended Friday July 5 after mills an...Read More

India's Ministry of Commerce & Industry has initiated an anti-dumping investigation into imports of flat-rolled stainless steel from 15 regions.The investigation covers flat-rolled stainless steel products imported between 2015 and March 2019, under HS code codes 7219 and 7220, from China, South Korea, the European Union, Japan, Taiwan, Indonesia, the United States, Thailand, South Africa, Me...Read More

The Northern Miner presents the top-10, Canada-headquartered mining companies by market capitalization, as of early July 2019.1. NutrienMarket cap: $41.8 billionNutrien (TSX: NTR; NYSE: NTR) is the world's largest provider of crop inputs and services, and produces and distributes over 26 million tonnes of potash, nitrogen and phosphate products each year. In 2018, the company sold 13 million tonne...Read More

First Vanadium Corp. (TSX-V: FVAN) / (OTCQX: FVANF) has been under pressure, along with hundreds of battery metal juniors and the underlying metals including vanadium, cobalt, lithium. Even vanadium giant Largo Resources is down 61% from its 52-week high. Yet, if one believes in vanadium, it's hard to ignore First Vanadium's shares at C$0.44, down 78%! The pro forma Enterprise Value [market ca...Read More

First Vanadium Corp. (TSX-V: FVAN) / (OTCQX: FVANF) has been under pressure, along with hundreds of battery metal juniors and the underlying metals including vanadium, cobalt, lithium. Even vanadium giant Largo Resources is down 61% from its 52-week high. Yet, if one believes in vanadium, it's hard to ignore First Vanadium's shares at C$0.44, down 78%! The pro forma Enterprise Value [market ca...Read More

Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJuly 9, 2019 While some gold stocks (the South Africans in particular) continue to rally, bullion and most miners are staging a classic pullback after a major upside breakout. Please click here now. Double-click to enlarge this important monthly gold chart.The bottom line:Breakouts are fu...Read More

Gold was worth about US$1,395 an ounce on the spot market earlier.Mining majors were among the biggest market risers on the FTSE100 in London yesterday, where Rio Tinto (LSE: RIO) and Glencore (LSE: GLEN) both rose about 1.7%.BHP (ASX: BHP) was up about 0.8% in lunchtime Australian trade, while Newmont Goldcorp (NYSE: NEM) had closed down 0.3% yesterday in New York.Barrick Gold (TSX: ABX) gained 0...Read More

In Greek mythology, Plutus is the god of wealth. He was blinded by Zeus so he could dispense his gifts without prejudice. He is also lame, so he is slow in coming, and winged, so he is quick to leave.Plutus came to Greece in the early 2000s and left abruptly a few years later. In fact, Greece was the poster child for the 2008 recession. It was crushed by a debt crisis and a series of poor governm...Read More

NEWS &VIEWSForecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 46th year in the gold businessJuly 2019"There has been a dramatic change in sentiment." - Adrian Day - Michael J. Kosares, USA GoldThe summer months historically present a buying opportunity in precious metals as illustrated in the charts shown below. In the past, there has been a clear change of di...Read More

- David HaggithStock market investors, hungry for more pork, are demanding Fed Chair, Jerome Powell, land on their table on a silver platter with an apple in his mouth at this week's congressional testimony. Will he deliver? Powell has a thin red line to talk, or this overFed market, which he and is cronies have nurtured, dies this week from its own morbid obesity. On the other hand, if he does...Read More

By: Ira EpsteinThis week is focused on 2-day testimony by Fed Chairman Powell. We will get his views on interest rates. Gold market still in an uptrend, but nearing 18-DMA at $1386.70Read More

- Clint SiegnerGold and silver bugs are well aware that JPMorgan Chase dominates precious metals futures trading. Russ and Pam Martens of the financial blog Wall Street on Parade just identified how much control they have.There are more than 5,300 FDIC insured banks in the U.S. Just two of them, JPMorgan and Citibank, hold 75.7% of all precious metals derivative contracts (primarily futures)...Read More

There is now a very small section of traders and investors who believe that interest rates may not be cut in end July FOMC meet. Federal Reserve chairman's testimony will clarify on the interest rate cycle. In my view interest rates will be cut this month by 0.25% or something lower as a token and thereafter it can be long pause. Incoming US economic data releases will also determine the interes...Read More

Today's guest, Rob Kirby, joins us to share his thoughts on the economy and why he believes that the financial books of the Federal Reserve are a lie. During the interview he shares why he believes the fiat system hasn't come to an end and it has a lot to do with trillions of dollars missing off the books. Rob Kirby is a financial commentator and former broker who worked on an institutional tradin...Read More

Links to slides and sources: https://www.itmtrading.com/blog/post-...Question 1. David M: How exactly would you buy a house or pay off a mortgage post-reset with gold or silver? Presumably you would have to at least briefly convert it to some sort of currency?Question 2. Les M: If we are going into hyperinflation can you tell me why real estate is going to go down and become a good investment?Ques...Read More