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
Turkish deep-sea scrap import prices went up on Monday February 4 after a new cargo booking was heard, sources told Fastmarkets.A cargo came to light on Monday which was reported to have sold on Friday, but after the submission deadline for that day's indices.A steel mill in the Izmir region booked a European cargo comprising...Read More
Domestic scrap prices in Turkey have increased over the past seven days, in line with higher costs for imported scrap, sources said on Monday February 4.Fastmarkets' weekly price assessment for domestic auto bundle (DKP-grade) scrap was TRY1,595-1,690 ($306-324) per tonne delivered on February 4, rising from TRY1,500-1,660 per tonne last week.https://www.metalbulletin.com/My-price-book.html?Price=...Read More
Seaborne iron ore prices were flat on Monday February 4 as the global market's biggest buyer, China, started its week-long Lunar New Year holiday.MB 62% Fe Iron Ore Index: $85.53 per tonne cfr Qingdao, unchanged. MB 62% Fe Pilbara Blend Fines Index: $86.37 per tonne cfr Qingdao, unchanged. MB 62% Fe Iron Ore Index-Low Alumina: $87.32 per tonne cfr Qingdao, unchanged. MB 58% Fe Premium Index: $78.7...Read More
By: Keith Weiner, Monetary MetalsOn January 6, we wrote the Surest Way to Overthrow Capitalism. We said:"In a future article, we will expand on why these two statements are true principles: (1) there is no way a central planner could set the right rate, even if he knew and (2) only a free market can know the right rate."Today's article is part I that promised article.Let's consider how to know...Read More
StrengthsThe best performing metal this week was gold, up 1.11 percent. Gold traders were bullish on the outlook for a 12th straight week and the most bullish in five weeks, according to the weekly Bloomberg survey. The yellow metal is up more than 2 percent for the year and is set for a fourth monthly gain. This comes as the dollar is down for a third month. Gold saw a boost in particular on We...Read More
By: Steve St. Angelo, SRSrocco Report Get ready for a new era of precious metals investor. That's correct. Up until now, the primary buyer of gold and silver have been the older generation, 40-65+, but that will all change when the next financial crisis hits. The Millennials, or those in the 23-38 age group, have participated less in the stock market than previous generations. And, rig...Read More
HUI, the Gold Bugs Index, is close to triggering its first buy signal on the weekly chart in more than two years. The first proved to be a dud, and it sent this popular trading vehicle into a ratcheting downtrend that would have driven most bulls to the edge of despair. As a result, skepticism toward the current rally undoubtedly is high. But traders should be prepared for a pleasant surpr...Read More
The Fed didn't just fold on Wednesday, it crumpled, capitulated. A long time ago we had figured out that when push came to shove, this is what it would do. However, we thought that it would take a market crash to force it to change course, in order that it could use that as solid justification for a U-turn, instead of which it only took a crashlet, or the start of a crash.The Fed's "Prime Direct...Read More
By: Jordan Roy-Byrne CMT, MFTAFirst we need to define what a breakout actually is. Its when the price breaks a pattern or a range and a new trend is therefore established.Today, people are all too quick to refer to almost every move higher as a breakout. Just google "Gold Breakout" and you'll see what I mean.Sure, closing above $1300 was a breakout for Gold. But that's hardly significant. If and...Read More
Have we reached "peak Trump"? Is there no way out of the swamp? Former Reagan Administration senior official David Stockman joins today's Liberty Report to discuss his upcoming book, Peak Trump: The Undrainable Swamp And The Fantasy Of MAGA.Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New Yo...Read More
Simon Mikhailovich, lead manager of the Tocqueville Bullion Reserve, stops by Grant's world headquarters to discuss doing business in the modern administrative state.4:17 The "menacing" language of compliance9:30 Gold, negative-yielding bonds and safety16:53 Jim's reading listJames "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly jo...Read More
SBTV speaks with returning guest, Frank Holmes of US Global Investors, about gold. Has gold production plateaued and are there less capital invested in gold exploration? Discussed in this interview:02:43 Disappointment in gold's performance in 2018?03:49 Outlook for gold in 201906:02 Peak gold11:53 Impact of the Newmont-Goldcorp merger on the gold market12:54 Stock markets due for correction in 20...Read More
The latest on the global warming front is a UN report on the "emissions gap" that admits the Paris Accord would never work. The UN has admitted that the Continue...Read More
Hard as it is to believe, airline travel recently became even more unpleasant. Transportation Security Administration (TSA) employees being required to work without pay for the duration of the government shutdown resulted in many TSA workers calling in sick. The outbreak of "shutdown flu" among TSA employees forced some large airports to restrict the number of places mandatory TSA screenings were...Read More
The key insight of the Austrian School of Economics (maybe the key insight of ALL economics) is that the amount you borrow matters, but so does the use to which you put the money.Continue...Read More
Luke Gromen believes that the much ballyhooed celebration over the end of the US-China trade war is extremely premature. To Luke, it's a case of an immovable object getting hit by an unstoppable force. For the US to prosper and start making things again, it will have to give up the dollar's reserve currency status. For China to move forward, it will have to give up its predatory IP policy and othe...Read More
Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
It was an exciting January with stock markets vigorously bouncing back, metals performing well with gold breaking 1300 and silver topping 16.Palladium continued its major bull move. A bit of a bounce back in WTI and Brent. Henry Hub kept falling. Bitcoin lost another 7.3%. Rates on the 10 year Treasury declined. While the VIX dropped, volatility in most markets is on the rise. Just wait till next...Read More
The trade war between the United States and China is proving to be a disaster for American farmers: the ones who grow and supply our food. Continue...Read More
*Volume needs to be turned up very high to hear the audioRead More