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
Some domestic rebar producers in Egypt have reduced prices, however, steel billet import prices have remained stable in the past week, sources said on Thursday December 20.Fastmarkets MB's weekly price assessment for steel billet imported into Egypt was at $440-445 per tonne cfr on Thursday, unchanged from the previous assessment.Billet producers in the Commonwealth of Independent States (CIS) wer...Read More
Turkish scrap import prices increased on Thursday December 20 on positive sentiment although no new deals were heard, sources told Fastmarkets MB. Several new bookings were heard on December 18, including a steel producer in the Iskenderun region booking a European cargo comprising 25,000 tonnes of heavy melting scrap (HMS) 1&2 (75:25), 7,000 tonnes of a mixture of bonus and shredded...Read More
Steelmaker Tosyali Algeria has announced the completion of a 'state-of-the-art' direct reduced iron-making (DRI) plant with a nameplate capacity of 2.5 million tonnes per year. In a press release this week, Suhat Korkmaz, chief executive officer of Tosyali Holdings, the Turkey-headquartered parent company of Tosyali Algeria, said the plant, "provides Tosyali Algeria with greater flexibility to pro...Read More
Singapore Exchange's 65% Fe iron ore derivative contract continues to lend transparency to the high-grade segment, with trades registered for August-December 2019 months on Thursday December 20 and physical prices up amid active trading.MB 62% Fe Iron Ore Index: $72.26 per tonne cfr Qingdao, up $3.11 per tonne. MB 62% Fe Pilbara Blend Fines Index: $72.09 per tonne cfr Qingdao, up $3.14 per tonne....Read More
Some domestic rebar producers in Egypt have reduced prices, however, steel billet import prices have remained stable in the past week, sources said on Thursday December 20.Fastmarkets MB's weekly price assessment for steel billet imported into Egypt was at $440-445 per tonne cfr on Thursday, unchanged from the previous assessment.Billet producers in the Commonwealth of Independent States (CIS) wer...Read More
CloseGain/LossGold $1261.00+$19.00Silver$14.77+$0.19XAU69.79+4.78%HUI158.49+4.97%GDM576.83+3.08%JSE Gold1344.82-10.71USD96.34-0.72Euro114.57+0.85Yen90.12+0.82Oil$45.88-$2.2910-Year2.804%+0.024T-Bond144.71875-0.3125Dow22859.60-1.99%Nasdaq6528.41-1.65%S&P2467.42-1.58% The Metals: Gold gained $24.30 to a new 5-month high at $1266.30 by early afternoon in New York before it c...Read More
By Stefan GleasonThe Fed blinked - but didn't flinch away from another rate hike. On Wednesday, Federal Open Market Committee (FOMC) policymakers rejected President Donald Trump's call for a pause. They raised their benchmark rate by a quarter point to a range up to 2.5%.The only concession Fed chairman Jerome Powell offered to Trump and nervous stock market investors was a revised, less hawkish...Read More
Rules help guide us through uncertainty.Miles Franklin sponsored this article by Gary Christenson. The opinions expressed are his regarding the rules for traveling our economic path.THOSE WHO MAKE THE RULES:For perspective on Washington D.C. and Wall Street, we listen to wisdom and wit from Bill Bonner:"We look at the passing parade in Washington through a cynical lens...No situation is so hopel...Read More
By David HaggithBefore Trump was even inaugurated, I said he was clearly draining the swamp directly into the White House. That was obvious as soon as he nominated a Goldman-Sachs roster to fill all the financial cabinet positions. Some wishfully said he was playing 4-D chess by keeping his enemies close. I called baloney. He was simply being Sached. One of those from the Goldman roster was Stev...Read More
By Gary TanashianBelow are the Opening Notes and Bond Market segments from last Sunday's edition of Notes From the Rabbit Hole, NFTRH 530. Jerome Powell was actually more firm than I expected. Atta boy Jay! Aside from my prognostication the more important stuff (IMO) begins at the 4th paragraph. That is where I put on my tin foil hat and tell what I think. It does seem to dovetail with what we s...Read More
As part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value to your own...Read More
December as usual. Another Fed hike is behind us. Will we now see a rally in gold in January? Fed Hiked But It Will Monitor Risks Yesterday, the FOMC published the monetary policy statement from its latest meeting that took place on December 18th-19th. In line with the expectations, the US central bank raised the federal funds rate by 25 basis points to the target range of 2.25 to 2.50 percent...Read More
Fed monetary policy inched toward suicide Wednesday with a 25-basis-point rate hike and a feint toward bumping up interest rates two more times next year. Are they trying to make certain that Trump doesn't get re-elected? This interpretation is sounding less farfetched each day as the banksters continue to flout a global economic storm that is gaining strength by the week. It is manifest in the...Read More
Jingle bells have not rung for any investment class towards the close of the year. We all read about heaven and hell on our religious books. In the "Kaalyug" (technological age as per Hindu scriptures), most of the people go to hell as they perform more bad deeds than good deeds. In financial language heaven is profit and hell are investment and trading losses. Most of us go to hell as we incur...Read More
China's rebar prices strengthened on Thursday December 20 following gains in the billet and futures markets.Domestic Eastern China (Shanghai): 3,800-3,830 yuan ($551-555) per tonne, up 10-20 yuan per tonneNorthern China (Beijing): 3,600-3,630 yuan per tonne, up 20-30 yuan per tonneImproved demand for billet sent the price of the semi-finished product in Tangshan upward during the day.Rebar futures...Read More
Link to the Slides and Sources: https://www.itmtrading.com/blog/somet...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 ne...Read More
Jordan Roy-Byrne, Founder of The Daily Gold looks past the Fed meeting and first address the selloff in the US markets. We look back on how past bear markets have started and what we expect in terms of a lower high in the first half of 2019. Also the fact that gold has been moving up with the US dollar has us thinking 2019 could continue this trend.Jordan Roy-Byrne, CMT is a Chartered Market Techn...Read More
01:10 Government officials are not serving the people, here's the facts!09:20 Is President Trump brilliant or out of his depth?22:10 The dark consequences of questioning the Federal Reserve and Trump's defiance34:00 How to find operation freedom and deeper revelations Read More
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 investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
For the past two years, my geopolitical assumption has been that the Trump administration would more or less continue along with the reckless, shortsighted, and disastrous neocon/neoliberal Continue...Read More