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
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
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...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
We all had a big shock this week when, seemingly out of the blue, President Trump announced that he was removing US troops from Syria and would draw down half of the remaining US troops in Afghanistan. The president told us the troops were in Syria to fight ISIS and with ISIS nearly gone the Syrians and their allies could finish the job.All of a sudden the Trump haters who for two years had been t...Read More
Joel Bowman: G'day, Doug. Ready to talk guns again?Doug Casey: It's one of my favorite subjects.JB: Great. Faithful International Man readers will, of course, recognize this discussion as part of our ongoing Continue...Read More
"This will mean that anyone looking to buy or adopt a puppy or kitten under six months must either deal directly with the breeder or with an animal re-homing centre," Continue...Read More
Remember the "tea party" revolt in 2009-2010 against government bailouts and government spending? Remember the "fiscal cliff" drama of Dec. 31, 2012, when Congress raised taxes and Continue...Read More
As many celebrate the Christmas holidays, Double Down talks to Charles Hugh Smith, author of "Pathfinding our Destiny: Preventing the Final Fall of Our Democratic Republic," about his thoughts on neo-feudalism. Continue...Read More
The White House had already easily met its Christmas controversy quota by shuttering the government, pulling out of Syria and browbeating the chairman of the Federal Reserve during Continue...Read More
To those few Senators who think I don't like or appreciate being allied with other countries, they are wrong, I DO. What I don't like, however, is when many of these same countries take advantage of Continue...Read More
Secretary Mnuchin convened individual calls with the CEOs of the nation's six largest banks. See attached statement.Continue...Read More
China's domestic rebar prices dropped on Tuesday December 25 amid weak demand on lower futures. Domestic Eastern China (Shanghai): 3,740-3,780 yuan ($542-548) per tonne, down 40 yuan per tonne Northern China (Beijing): 3,610-3,650 yuan per tonne, widened down 10 yuan per tonneRebar futures remained lower than Monday's settlement price of 3,465 yuan per tonne throughout Tuesday's tra...Read More
Turkey produced 3.10 million tonnes of crude steel in November 2018, a 2.1% decrease compared with November 2017, according to the Turkish Steel Producers Association (T???oeD).In January-November 2018, crude steel production in the country was 34,429,000 tonnes, a 0.51% year-on-year rise compared with 34,256,000 tonnes produced in January-November 2017, T???oeD said last week.The country produced...Read More
Brazil's apparent steel consumption increased by 6.90% year on year in November, to 1.70 million tonnes, mostly due to an improved performance in the flat steel sector, according to the national steel association A??o Brasil.Apparent consumption of flat steel products grew by 11.70% in the same comparison, to 1.10 million tonnes, while long steel use declined by 0.80% year-on-year, to 606,000 tonn...Read More
Fastmarkets MB hosted the 22nd Middle East Iron & Steel conference in Dubai last week. Here are five things we learned...1 High-grade iron ore derivative will be an important tool for Middle East DRI industry A world-first 65% iron ore derivative launched by the Singapore Exchange in early December was hailed as an important hedging tool for the Middle East direct-reduced ironmaking (DRI) industry...Read More
China's hot-rolled coil prices fell on Tuesday December 25 following plunges in the global financial markets with participants bearish on the macro-economic outlook, although exporters kept offer prices high due to a lack of urgency to sell.DomesticEastern China (Shanghai): 3,740-3,760 yuan ($542-545) per tonne, down 50 yuan per tonneNorthern China (Tianjin): 3,650-3,670 yuan per tonne,...Read More
China's domestic rebar prices dropped on Tuesday December 25 amid weak demand on lower futures. Domestic Eastern China (Shanghai): 3,740-3,780 yuan ($542-548) per tonne, down 40 yuan per tonne Northern China (Beijing): 3,610-3,650 yuan per tonne, widened down 10 yuan per tonneRebar futures remained lower than Monday's settlement price of 3,465 yuan per tonne throughout Tuesday's tra...Read More
Base metals prices on the Shanghai Futures Exchange during Asian morning trading on Tuesday December 25 were broadly down led by nickel amid bearishness from a challenging macro-economic environment."The main factor pushing down base metals is the volatile macro-economic environment; last week the US Federal Reserve decided to raise interest rates again and there's still uncertainty over the...Read More
China's ferrous futures dropped in morning trading on Tuesday December 25. Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,368 yuan ($488) per tonne, down 51 yuan per tonne May hot rolled coil: 3,354 yuan per tonne, down 38 yuan per tonne Dalian Commodity Exchange May iron ore: 483 yuan...Read More
It's been nine months since the United States announced Section 232 tariffs, and over six months since a 10% tax was applied to imports of aluminium from Canada, Mexico and the European Union. There's been a huge debate over how successful the tariffs - imposed on the grounds of national security and also applied at a 25% rate to steel - have been. Much depends on who you talk to, and what their s...Read More