China's hot-rolled coil surged on Monday June 24 after news spread that mills in Tangshan, the steelmaking hub in the country's northern region, will start production cuts to curb air pollution.DomesticEastern China (Shanghai): 3,890-3,910 yuan ($566-569) per tonne, up 110 yuan per tonneNorthern China (Tianjin): 3,830-3,850 yuan per tonne, up 60-70 yuan per tonnePrices surged nationwide after the...Read More

China's rebar market regained some upward momentum on Monday June 24 amid fresh production cuts in the country's steelmaking hub of Tangshan. Domestic Eastern China (Shanghai): 3,900-3,950 yuan ($568-575) per tonne, up 70-80 yuan per tonneNorthern China (Beijing): 3,730-3,770 yuan per tonne, up 40-50 yuan per tonneAll steelmakers in Tangshan have been instructed to lower their production by at lea...Read More

Geopolitical tensions in the Middle East showed no sign of abating over the weekend after the United States claimed that it had carried out a cyber-attack on Iranian weapons systems in retaliation for the latter shooting down a US drone last week.While the threat of a war between the two remains a possibility, global investors have taken refuge in haven assets amid the rising uncertainty in the re...Read More

Base metals prices on the Shanghai Futures Exchange were mixed during morning trading on Monday June 24, with trade and macroeconomic uncertainty keeping investors cautious at the start of a new trading week.The rising uncertainty follows a ratcheting up of tensions in the Middle East at the end of last week, while market participants eagerly await any developments on the US-China trade war from a...Read More

Key data from the pricing sessions in Asia and Europe for the week ended Friday June 21. China Key drivers  Domestic antimony price in China was flat for the third consecutive week despite sparse trading activity.  Many Chinese antimony suppliers remained resolute in refusing to sell their cargoes at below 40,000 yuan ($5,822) per tonne, citing mounting difficulty in sourcing cheap ore m...Read More

The price of cobalt continued to fall last week, while prices for standard and alloy-grade units converged, in a market where sellers lowered their offers to offload material not declared on long-term agreements.Fastmarkets assessed the price of standard-grade cobalt at $13.85-14.50 per lb, in-warehouse, falling from $14.25-15 per lb on June 19, and down 3% week on week. Fastmakrets' assessment of...Read More

Key data from the pricing sessions in Asia and Europe for the week ended Friday June 21China Key drivers  Silicon export prices remained unchanged for the fifth consecutive week, with transactions remaining limited. Some sources expect a gradual recovery from supply constraints on grade-553 silicon metal in Yunnan province since mid-June, with more refiners resuming operations during the...Read More

J? 1/4 rgen Schalamon will retire from his role as chief executive officer of Samancor Chrome at the end of June after nearly 15 years in the position, Fastmarkets understands. Samancor chief operating officer Desmond McManus will succeed Schalamon as CEO...Read More

To view what may be the most important chart in the history of markets, please click here now. Double-click to enlarge. Gold is breaking out of a massive inverse H&S bull continuation pattern, and that pattern itself may be the head of an even more massive pattern that targets the $3000 price area.Please click here now. Double-click to enlarge this fabulous GDX chart.At my https://guswinger.co...Read More

To view what may be the most important chart in the history of markets, please click here now. Double-click to enlarge. Gold is breaking out of a massive inverse H&S bull continuation pattern, and that pattern itself may be the head of an even more massive pattern that targets the $3000 price area.Please click here now. Double-click to enlarge this fabulous GDX chart.At my https://guswinger.co...Read More

Bob Moriarty ArchivesJun 25, 2019The nice thing about having been visiting hundreds of projects in almost two decades is that I find myself talking about properties I know quite well but are now under new management.Liberty Gold used to be named Pilot Gold. As a pilot, I thought that was a wonderful name. Their primary projects were in Turkey. No one wants to invest in Turkey until the nut cases t...Read More

Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJune 25, 2019 To view what may be the most important chart in the history of markets, please click here now. Double-click to enlarge.Gold is breaking out of a massive inverse H&S bull continuation pattern, and that pattern itself may be the head of an even more massive pattern that tar...Read More

"It is our view that the whistle is blowing and the gold train is leaving the station … are you on board because it is certainly not turning back for you," bullion trader Sharps Pixley CEO Ross Norman said on Friday.He pointed out in 72 currencies gold was at, or at least within a few percentage points of being at, an all-time high.Gold was worth more than US$1,436 an ounce on the spot mark...Read More

Your favorite unelected global power player, the Federal Reserve, decided to jack up the market when unemployment is at all-time lows, the DJIA is at all-time highs, and the national debt is over $22 trillion. When deficits are running at $1.2 trillion a year, or 4.4% of GDP - which is far higher than the average over the last 50 years - you don't need more money printing.But when all you have...Read More

Ladies and gentlemen, we have liftoff! After breaking out of a five-year trading range, the price of gold surged above $1,400 an ounce last week for the first time since 2013 on expectations of a U.S. rate cut. The 10-year Treasury yield fell to around 2 percent, its lowest level since November 2016. Meanwhile, the pool of negative-yielding government bonds around the world hit a fresh record hi...Read More

- David H. Smith In March 1980, the University of Washington installed a seismograph system designed to monitor earthquake activity in the Cascades, with a focus on increased seismic activity around Mount St. Helens.Starting just a few days later, a series of earthquakes, small eruptions, and steam releases took place. Near the end of the month, the peak of the mountain started to open up.(Cre...Read More

By: Ira EpsteinGold is taking off, not industrial metals. Gold has a bullish crossover, over the upper Bollinger band:Read More

- Craig HemkeWhile it may seem repetitive to do so, it's time to remind you again of where we are and where we're headed. For your part, you can either continue to whine and complain about the central bank delusions of 2013-2018 or you can climb aboard and have some fun... all while protecting yourself and your family from the monetary madness that is coming over the horizon.Over the past few...Read More

- Hubert MoolmanA while ago, I wrote about a coming confirmation of the multi-year gold bull market. It has taken longer than expected, but that signal has now arrived, and the bull is very much confirmed.Here is a gold chart indicating that very important signalI have marked two fractals (patterns) 1 to 5, to show how they might be similar. I have also marked the point where interest rates pe...Read More

Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to com...Read More