Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Export prices for Latin America-origin cold-rolled coil (CRC) went up this week, while prices for hot-rolled coil (HRC) were flat amid renewed offers from Brazil.Metal Bulletin's weekly assessment of Latin America's CRC export prices increased to $670-685 per tonne fob on Friday January 12, compared with $635-640 per tonne fob a week earlier.Meanwhile, Latin America's HRC export prices...Read More
The Vote Buying MirrorOur readers are probably aware of the influence the US election cycle has on the stock market. After Donald Trump was elected president, a particularly strong rally in stock prices ensued. Contrary to what many market participants seem to believe, trends in the stock market depend only to a negligible extent on whether a Republican or a Democrat wins the presidency. The mar...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Iron ore prices retreated on Friday, to around $78 per tonne, following weakness in China's steel market, and after the potential for supply disruptions as a result of a cyclone in Australia reduced significantly.Seaborne coking coal prices were firm at the end of the week, with fob Australia...Read More
Domestic prices for rebar in Poland have increased over the past week due to higher scrap costs, sources told Metal Bulletin on Friday January 12.Metal Bulletin's weekly price assessment for domestic 12mm B500B-grade rebar in Poland was 2,240-2,300 zloty ($643-661) per tonne ex-works on January 12, compared with 2,220-2,270 per tonne ex-works a...Read More
China's finished steel exports fell by 30.50% in 2017, mainly due to higher domestic prices diverting volumes from overseas markets. The country shipped 75.43 million tonnes of finished steel in 2017, down 30.50% from 108.43 million tonnes in 2016, according to preliminary Chinese customs data released on Friday January 12. In December,...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
Mike "Mish" Shedlock a registered investment advisor, representative for Sitka Pacific Capital Management and he operates one of the most popular websites about the economy and investing online: MISH'S Global Economic Trend Analysis.Read More
OSLO, Jan 12 (Reuters) - Norway's central bank has awarded 73 billion Norwegian crowns ($9.17 billion) in an F-deposit for Jan 12-15, with a highest rate of 0.50 percent, it said on Friday.Overall demand in the auction was for 79.82 billion crowns.Allocation at the highest rate was 88.86 percent, the central bank added.($1 = 7.9611 Norwegian crowns) (Reporting by Oslo newsroom) Disclaimer: The vi...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Iron ore prices retreated on Friday, to around $78 per tonne, following weakness in China's steel market, and after the potential for supply disruptions as a result of a cyclone in Australia reduced significantly.Seaborne coking coal prices were firm at the end of the week, with fob Australia...Read More
As a general rule, the most successful man in life is the man who has the best informationaheadoftheherd.comIn the 1800's the United States under President James Monroe invoked the Monroe Doctrine, which stated that any effort by European nations to control any independent state in North or South America would be viewed as "an unfriendly disposition towards the United States."The intent of the Mon...Read More
Peter Schiff talks about his 2018 Outlook including recession, gold, Trump, China, dollar, inflation, tax cuts, and interest rates.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and inves...Read More
Stocks traded higher Friday, Jan. 12, and the three major equity indexes reached intraday records as big U.S. banks kicked off the fourth-quarter earnings season. The Dow Jones Industrial Average rose 187 points, or 0.73%, the S&P 500 rose 0.52%, and the Nasdaq gained 0.48%. Leading the Dow higher were Home Depot Inc. (HD) , Merck & Co. (MRK) and Boeing Co. (BA) . JPMorgan &...Read More
Scrap prices in the world's major markets except the United States continued to strengthen in the week from Monday January 8 to Friday January 12 amid low supplies of material.Turkish steel mills resumed their deep-sea scrap bookings at the beginning of the week and have now booked three deep-sea cargoes from the Baltic Sea region.Turkey importsTurkish steel mills booked deep-sea cargoes from the...Read More
The stock markets have rocketed higher since Trump's election win on hopes for big corporate tax cuts. This extreme rally has left stocks exceedingly overvalued and overbought today. A major selloff is long overdue and likely imminent. When stocks inevitably roll over and mean revert lower to rebalance away euphoric sentiment, gold is the main beneficiary. Gold investment demand soars when stocks...Read More
WASHINGTON, Jan 12 (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Friday that he believes the Republican tax cuts will ultimately become revenue neutral over 10 years due to higher growth, but the Treasury will likely ask Congress for more money to implement the plan."We think there will be over $1 trillion in growth, so I do think this will pay for itself," Mnuchin told an e...Read More
Domestic prices for ferrous scrap in Italy increased by ?,?10-15 ($12-18) per tonne this month following the positive trend in the international market, sources told Metal Bulletin.Metal Bulletin's monthly price assessment for domestic grade E3 scrap in Italy was ?,?290-310 ($348-372) per tonne delivered in January, up from ?,?275-295 per tonne delivered. And Metal Bulletin's monthly pri...Read More
Luckily or not, 2017 is behind us. It was a positive year for the gold market, as the yellow market gained more than 12 percent. However, investors are forward-looking, so let's focus on what the coming months will bring. The next year will be shaped mostly by the following broad economic trends:Global activity is improving.Labor markets are strengthening further.Subdued inflation is finally risin...Read More
Please Note: US Markets are closed on Monday for Martin Luther King Jr. Day. CloseGain/LossOn WeekGold $1338.00+$16.20+1.33%Silver$17.24+$0.26+0.23%XAU89.11+2.37%+1.97%HUI201.34+2.97%+1.62%GDM670.32+2.67%+1.27%JSE Gold1331.43+6.31+0.66%USD90.95-0.95-1.11%Euro122.06+1.74+1.36%Yen90.03UNCH+1.81%Oil$64.30+$0.50+4.65%10-Year2.548%+0.012+2.87%Bond150.46875+0.03125-0.97%Dow25803.19+0.89%+2.01%Nasda...Read More
Doug Casey isn't afraid to speak his mind... even if it means offending people. That's a rare commodity. These days, most people only think what they're supposed to think. Continue...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort289,16185,87369,270150,099370,370508,530525,513Change from Prior Reporting Period 47,7337,7139,222-5,00537,66651,95054,601Traders17990854554263194 Small Speculators LongShortOpen Interest 46,92529,942555,455 2,77412354,724 non reportable positionsChange from the previous reportin...Read More