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

By Stefan GleasonIn Federal Reserve chair Jerome Powell's testimony before Congress last week, he reiterated his intent to continue the central bank's gradual rate-hiking campaign. Among those who are "not thrilled" about the prospect of higher interest rates: the President of the United States. Trump Tweeted, "Tightening now hurts all that we have done. The U.S. should be allowed to recapture...Read More

TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12July 23, 2018 "Economics is extremely useful as a form of employment for economists" John Kenneth Galbraith The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness" John K...Read More

By Frank HolmesStrengths? The best performing metal this week was platinum, nearly flat but down 0.07 percent after rallying 2.60 percent on Friday. Swiss exports of gold rose 2.3 percent in June, reaching 117.6 tons, according to the Swiss Federal Customs Administration. The majority of those exports - 62 percent or 61.3 tons - went to China, while 21 percent or 18.9 tons went t...Read More

By RambusThe big question I've been grappling with recently is the inflation or deflation theme. Last Friday's price action felt like a counterpunch to the deflation scenario as the US dollar fell pretty hard and interest rate reversed. It was almost exactly a year ago around at this time that we started to take some positions related to the inflationary scenario by buying some of the different...Read More

By Surf City CyclesThe USD has had a bullish run out of it's Intermediate and Yearly Cycle Low (YCL) in early February but it is now deep in my timing band to start seeking out its next 5-6 Month Intermediate Cycle Low (ICL). While I don't want to overplay the negative correlation between the USD and Gold the correlation has been quite strong for most of 2018. A major top in the USD here, shoul...Read More

Page 4 in Hoisington Investment Management's latest Quarterly Review and Outlook contains a discussion about the falling productivity of debt problem. According to Hoisington and many other analysts, the problem is encapsulated by the falling trend in the amount of GDP generated by each additional dollar of debt, or, looking from a different angle, by the rising trend in the amount of additional...Read More

The Wall Street Journal recently highlighted a better method of analysing the impact of public sector pensions on state and local budgets. The results are ominous for government finances, the bond markets, and pretty much everything else:Why Your Pension Is DoomedA new study shows that benefits are rising faster than GDP in most states.Pension costs are soaring across the country, and government...Read More

By Keith WeinerQuantity Theory RevisitedThe price of gold fell another ten bucks and that of silver another 28 cents. Perspective: if you're waiting for the right moment to buy, the market is offering you a better deal than it did last week (literally, the price of gold is a 7.2% discount to the fundamental vs. 4.6% last week). If you wanted to sell, this wasn't a good week to wait. Which is you...Read More

Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome in Greg Weldon, CEO and president of Weldon Financial. Greg has over three decades of market research and trading experience, specializing in the metals and commodity markets, and his close connection with the metals led him to author a book back in 2006, titled Gold Trading Boot Camp, where he accurately pred...Read More

Trump and War With China? Goldnomics Podcast ( Episode 6 )We discuss the deepening trade war between the U.S. and China and the risk of a wider war between the super powers.Research Director of GoldCore and respected precious metals commentator Mark O'Byrne and GoldCore CEO Stephen Flood in discussion with Dave Russell in Episode 6 of the Goldnomics Podcast.We discuss the "Tweet" of Ray Dalio,...Read More

Full Article: THE DEEP STATE, TRUMP & THE WORLD...By: Clive P. MaundI watched Trump's press conference in full following his meeting with Russian President Vladimir Putin in Helsinki. To me, Trump sounded positive and perfectly reasonable, and his behavior at this time was actually Statesmanlike. Here is a link to the full press briefing including an English translation of what Mr Putin said. I...Read More

Peter KrauthGold prices are officially entering correction territory as gold continues to head toward its ultimate bottom. As it turns out, last week's lows were not it.It's been another gold meltdown, frustrating the bulls to no end and finally entering a correction.Early in the week, Fed Chair Jerome Powell testified before the Senate, saying that more rate hikes were the right strategy "for now...Read More

   •  Fails to capitalize on last week’s goodish rebound from YTD lows.   •  Traders shrug USD selling bias and reviving safe-haven demand.    •  Fed rate hike prospects keep a lid on any meaningful up-move. Gold struggled to build on last week's goodish rebound from over one-year lows and seesawed between tepid gains/minor...Read More

The preliminary measures taken by the European Commission (EC) with regard to steel imports will result in higher prices for steel coil, market sources told Metal Bulletin.Some market participants are concerned, though, that quotas might cause a shortage of imported steel in the market.The EC set preliminary measures in the safeguard case on July 18, in the form of a global Tariff Rate Quota (TRQ)...Read More

Import prices for flat steel in South America declined this week with lower offers being reported and buyers pushing for price reductions....Read More

Algeria's steel billet import market is set for dramatic changes in the next couple of years, largely as a result of the country's fast-growing local steel industry.The country's steelmaking capacity is expected to grow by around 7 million tonnes by the end of 2020, which will lead to significant reduction in, if not the total elimination of, billet imports, sources told M...Read More

The export markets for hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States have gone down over the past seven days because buyers have not accepted higher offers for August-rolled products from Russian suppliers....Read More

Find trade set ups with the Weekly Forex Forecast technical analysis and market review! This weeks Weekly Forex Forecast and technical analysis covering 10 markets includes the following - Pairs and markets analysed this week: USD Index, Crude Oil, EURUSD, GBPUSD, USDJPY, AUDUSD, NZDUSD, USDCHF, USDCAD and GOLD. Highlighted in the video are key areas of support and resistance which look to prov...Read More

Aluminium prices ended higher on the London Metal Exchange on Monday July 23, bolstered by a fresh cancelation of more than 32,000 tonnes of the metal across Europe....Read More

CIS export prices for rebar and wire rod slipped this week amid lower offers, following reduced buying activity and falling long steel prices in the Turkish export market....Read More