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
China's rebar prices moved higher on Monday January 14 in both the domestic and the export market amid rising futures and optimism among producers. Domestic Eastern China (Shanghai): 3,720-3,760 yuan ($550-556) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,650-3,690 yuan per tonne, up 10 yuan per tonneRebar futures rose sharply at the open of today's trading session, pushing...Read More
Import prices for rebar in Singapore fell over the past week on soft end-user demand despite the return of key market participants. The appreciation of the Chinese yuan to 6.79 yuan to a US dollar last Friday January 11 - from 6.88 yuan per dollar at the start of the year - did not lend any support to the market.Fastmarkets MB's import price assessment for rebar in Southeast Asia - which mainly lo...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanChief Strategist, Enriched Investing Inc.Phone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12January 14, 2019 "If everybody is thinking alike, then somebody isn't thinking." General George S. Patton, U.S. Army field commander, WW2, 1885-1945 "There are two kinds of people that lose money: those...Read More
StrengthsThe best performing metal this week was palladium, up 1.71 percent, and now the most expensive precious metal. Gold, meanwhile, is set for its fourth weekly gain, marking its longest rally since October. Traders surveyed by Bloomberg are bullish on the yellow metal for a ninth straight week. In December, China added to its gold reserves for the first time since October 2016, according t...Read More
By: Keith Weiner, Monetary MetalsFor years, people blamed the global financial crisis on greed. Doesn't this make you want to scream out, "what, were people not greedy in 2007 or 1997??" Greed utterly fails to explain the phenomenon. It merely serves to reinforce a previously-held belief. Far be it from us to challenge previously-held beliefs (OK, OK, we may engage in some sacred-ox-goring from...Read More
Shaky ChinaBrexit BreakageHelpless EuropeDC, Back to Dorado, more Florida, and Boca RatonFor a couple of years now, the economic narrative has shown a comparatively strong US against weakness in Europe and some of Asia (NOT China). The US, we are told, will stay on top. I agree with that, as far as it goes... but I'm not convinced the "top" will be so great.Americans like to think we are insulat...Read More
Jan. 11th, 2019(S14-E678)Featured GuestsCEO Kenneth Lewis& John WilliamsShow HighlightsOneGold Inc. holds physical gold and silver metals at the Royal Canadian Mint through our friends at APMEX and Sprott Inc.The first online marketplace to offer secure and convenient buying, selling and redemption of digital PMs.OneGold uses VaultChain, a secure, immutable blockchain ledger from Tradewind M...Read More
By: Jordan Roy-Byrne CMT, MFTAAlthough the financial media conflates the two, there is a difference between a rally and a bull market.A rally implies a rebound after or a reprieve from weakness. A bull market is higher highs and higher lows for a period of at least a few years.Gold's strength in the 2000s was not a rally, as many have deemed it, but a bull market. Gold's rebound in 2016 was a...Read More
By: Larry LaBordeWe just returned home from a trip to France and my head is still trying to sort everything out. The Yellow Vests were protesting across the country but most of the press concerning them was from Paris. We spent a week in southern France where most of the police were sympathetic to the protestors. Outside Paris the Yellow Vests opened toll booth gates (no tolls today!) and...Read More
It felt like a mountain of supply sitting on stocks last week, growing more ponderous by the day. By Thursday the broad averages were too fatigued to achieve even minor 'Hidden Pivot' rally targets, the still-feisty FAANGs too subdued to help. Of course, just because the market looked punk on a given day does not preclude the possibility that, come the next, traders will conveniently forget what...Read More
If crude oil rises over $10 by month and floats over $72 (brent), then there will be renewed fears of global recession. Right now, I believe most of the global slowdown related news has been discounted in by the markets. The pace of rise of crude oil will determine recession or growth or slowdown. Energy prices ? inflation determination? Interest rate cycle. There are host of other factors which...Read More
The Turkish steel producers skipped the first day of the week without any deep-sea bookings, while prices were little changed, sources said on Monday January 14.Turkish mills have booked some deep-sea cargoes in the past week from US and Baltic Sea suppliers at around $280 per tonne cfr for HMS 1&2 (80:20) to replenish their stock levels. However, the weakness in finished steel markets w...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
Domestic scrap prices in Turkey remained largely stable on the back of moderate demand over the past week, sources said on Monday January 14.Fastmarkets' weekly price assessment for domestic auto bundle (DKP-grade) ferrous scrap was TRY1,450-1,590 ($266-292) per tonne delivered on January 14, widening from TRY1,480-1,550 per tonne last week.Long and flat steel producer...Read More
Politicians, especially on the left are saying things that they could have never gotten away with 5 years ago. Cursing out your president on live tv was unheard of. In a way Trump has brought this on himself. Having very little ability to filter his speech, he lowered the bar for others. And now that the toothpaste is out of the tube, it will be impossible to put it back in. And this is making it...Read More
Anglo American sold a Minas Rio cargo based on the Fastmarkets MB 66% Fe iron ore concentrate index, market sources said on Monday January 14, following restart of operations at the mine last month.The spot market trade involved a 170,000-tonne cargo of 67.7% Fe blast furnace pellet feed material sold at the February average of the Fastmarkets MB 66% Fe iron ore concentrate cfr China index, adjust...Read More
While touring the Middle East, including election-free Saudi Arabia, Secretary of State Mike Pompeo has called for the Venezuelan opposition and armed forces to overthrow the current government under its president Nicolas Maduro. According to Pompeo, a coup is necessary to "restore democracy" after elections failed to produce the desired US outcome.Dr. Ron Paul is a physician and former twelve-ter...Read More
Summary:An update to the Periodic Table of Commodity Returns.Goldman Sachs issues an overweight recommendation for gold and commodities.Paradigm Capital says royalty companies are the "best bet" in metals and mining.Our ever-popular Periodic Table of Commodity Returns has been updated for 2018 and is now available on the U.S. Global Investors website! I invite you to get lost using the interactive...Read More