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
European long steel buyers were quiet throughout December on uncertainties arising from the United States' various trade wars, but a European Commission quota proposal in January has offered some hope of more certainty to sellers. The EC proposal for new import quotas for steel products in Europe has finally offered some clarity on what form those quotas will take in 2019, but the US governme...Read More
Import prices for billet in the United Arab Emirates fell this week, with demand remaining poor, sources told Fastmarkets on Tuesday January 8.Domestic rebarLocal rebar producers announced reduced prices on December 20 for material to be shipped in January. The country's largest producer, Emirates Steel, was offering rebar at 1,899 dirhams ($517) per tonne, Conares Steel was offering rebar...Read More
Fastmarkets is proposing to discontinue the SteelBenchmarker price series on March 1, 2019.Fastmarkets has price series covering all existing Benchmarker prices and in greater frequency and regional granularity. The consultation period for these discontinuations will end on February 28, 2019, with changes taking place beginning March 1, 2019. To provide feedback on this index or if...Read More
Seaborne iron ore prices rose further on Tuesday January 8, edging closer to the $75-per-tonne-cfr mark.MB 62% Fe Iron Ore Index: $74.46 per tonne cfr Qingdao, up $0.95 per tonne. MB 62% Fe Pilbara Blend Fines Index: $74.60 per tonne cfr Qingdao, up $1.26 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $76.20 per tonne cfr Qingdao, up $0.90 per tonne. MB 58% Fe Premium Index: $66.61 per tonne cfr...Read More
China's ferrous futures largely trended downward during morning trading on Tuesday January 8, with the rebar, coking coal and coke contracts ending the session lower than their opening prices.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,496 yuan ($509.84) per tonne, down 17 yuan per tonneMay hot-rolled coil: 3,403 yuan per tonne, up 1 yuan per...Read More
By: Clint SiegnerThe Bureau of Labor Statistics delivered a blowout jobs report on Friday. Headline chasing algorithms and investors responded by snapping up stocks. They also sold some gold and silver futures, driving prices lower on the day.To Wall Street cheerleaders, it looked like the stock market correction might be over and precious metals would be headed out of fashion, once again.It loo...Read More
King Dollar was on top in 2018, one of the few major assets to close the year in the black on steady interest rate hikes and robust economic growth in the U.S. But greenback strength is a double-edged sword, as you know. Although good for U.S. consumers, it can hamper exporters, commodities, oil, gold and more.So will rates continue to rise in 2019? If so, the dollar will follow suit, putting ad...Read More
By: Mickey Fulp Price ratios determine relative value of the precious metals and are useful tools for deciding which metal to buy at any given time. In previous musings, I documented the history of gold and silver prices and ratios from the United States' abandonment of the gold standard to present, then followed with similar treatments for platinum-gold and platinum-palladium (Mercenary Musin...Read More
By: Stewart Thomson 1. It's time for the queen of assets to rest and consolidate. Nothing goes up in a straight line, and that's certainly true for gold!2. Please click here now. Double-click to enlarge this daily gold chart.3. A pullback to about $1250 would be a healthy 50% retracement of the $100 rally from $1200 to $1300.4. Gold begins 2019 with some very positive...Read More
Focus will be on US-China trade talks and its result. Central banks are buying gold as per releases by the world gold council. Retail investors are waiting for more correction. Right now there is NO "herd mentality" to buy or invest in gold and silver. Herd is there when prices shoot up in the short term with no signs of correction. In the next seven days (till 16th January 2019), spot gold need...Read More
Import prices for billet in the United Arab Emirates fell this week, with demand remaining poor, sources told Fastmarkets on Tuesday January 8.Domestic rebarLocal rebar producers announced reduced prices on December 20 for material to be shipped in January. The country's largest producer, Emirates Steel, was offering rebar at 1,899 dirhams ($517) per tonne, Conares Steel was offering rebar...Read More
Concern over a potential increase in slab supplies from the CIS and Asia is adding to the gloom in the global slab market, which is already reeling from weakening prices and a lack of demand in the finished flat steel sector.AsiaBearish sentiment persists in the import markets of Southeast Asia and East Asia, with buyers and sellers all expecting slab prices to remain subdued in the coming weeks.A...Read More
Link to the Slides and Sources: https://www.itmtrading.com/blog/401k-...Question 1. Lots of Viewers: What is your opinion on withdrawing all funds from a 401k to position into other assets?Question 2. Woody G: How do you see the reset affecting brokerage accounts? Will these disappear down a dark hole or will the market survive intact?Question 3. Rajat S: Could you please explain the difference be...Read More
2019 is beginning to look a lot like 2010. Economic growth will be hard to find. Metals should start going up smartly later in the year. The Fed will be buying all the debt that's being produced. People will realize that there's no plan and that there's no turning back. No going back to normal. The past 4-5 years were a time of relative economic tranquility, but that's over. Calling in the Plunge...Read More
Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most recently, of Unbalanced: The Codependency of America and China and Stephen Roach on the Next Asia: Opportunities and Challenges for a New Globalization.Read More
Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world's most highly regarded investment education companies. He is author of the highest selling precious metals investment book of all time, Rich Dad's Advisors: Guide to Investing In Gold and Silver. In addition, Mr....Read More
An increasing number of Americans are OK with facial recognition technology, especially if it increases public safety, according to a new survey released earlier this week.Continue...Read More
I'm starting to wonder whether President Trump has any power over US foreign policy at all. Many people believe that the US president is just a figurehead, with actual foreign policy firmly in the hands of the deep state. Trump's latest dramatic U-turn on pulling troops from Syria certainly feeds such theories.When President Trump announced just a couple of weeks ago that the US was removing its t...Read More
China's domestic rebar prices were stable on Tuesday January 8 amid a divided outlook on prices in the coming weeks and higher billet prices being negated by lower futures.Domestic Eastern China (Shanghai): 3,730-3,780 yuan ($544-551) per tonne, unchangedNorthern China (Beijing): 3,650-3,680 yuan per tonne, unchangedSpot market traders kept their prices flat as higher billet prices were...Read More
David Moadel is the Chief Analyst and Opportunity Researcher for PortfolioWealthGlobal.com. David discusses why the next 10 years is going to be a lot different than the last decade and you need to be prepared. Real estate, gold and cannabis are his three main themes. David's journey from newbie to influencer began as a teenager, when his father first began teaching him fundamental, time-tested pr...Read More