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

The Turkish steel producers went quiet in the deep-sea scrap markets at the beginning of the current week, digesting the latest cargo transacted from the United States, sources said on Monday September 16.A steel mill in the Izmir region booked a US cargo at the end of last week, comprising 15,000 tonnes of HMS 1&2 (80:20) at $240 per tonne, 15,000 tonnes of shredded at $245 per tonne and 2,000 to...Read More

Turkish domestic scrap prices have gone down over the past seven days on weakening imported scrap values, sources said on Monday September 16.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,400-1,575 ($245-276) per tonne on Monday, down from last week's TRY1,445-1,650 per tonne.Steel mills and a major scrapyard have decreased their buy...Read More

Seaborne iron ore prices were rangebound on Monday September 16 amid inactive trading after China returned from a three-day weekend to celebrate the Mid-Autumn Festival. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $98.45 per tonne, down $0.85 per tonne. 62% Fe Pilbara Blend fines, cfr Qingdao: $98.84 per tonne, down $0.85 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $96.94 per ton...Read More

Michael Nowak, the global head of trading for both base and precious metals at JPMorgan Chase, allegedly oversaw an illegal market manipulation operation.He was placed on leave in late August and is a target in a widening DOJ criminal probe.Reuters reports that Nowak and Gregg Smith, whose title is unknown at this time, are the third and fourth people now implicated in a criminal price rigging...Read More

StrengthsThe best performing metal this week was palladium, up 4.41 percent. Central banks continue to stock up on gold - led by Russia, the world's top buyer for seven consecutive years. Russia's central bank quadrupled its gold holdings in the last decade and has diversified away from U.S. assets. According to Bloomberg, the value of the nation's gold surged 42 percent in the past year to $1...Read More

David HaggithOne argument for last week's extraordinary plunge in bond prices, which I explored as something that might happen this time of year in one of my earlier Premium Posts, was that bond prices could get crushed by the supersized US treasury auctions planned for September and October as the government makes up for its inability to issue new debt during the debt-ceiling standoff.While poi...Read More

For a rare change, global markets seem genuinely concerned about the news. A drone attack by Iran over the weekend knocked out more than half of Saudi Arabia's refining capacity, amounting to roughly five percent of global supply. Fox and other news outlets underplayed the story initially, putting it beneath the latest sex charges against Kavanaugh. But the Saudi story shot up to the top of the...Read More

Please Listen HereInterview Recap.ONEGOLD 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 Markets, the leading innovator in digital precious m...Read More

By: Ira EpsteinBonds also a crowded trade. Gold weekly chart has not taken out any important lows..Read More

Realistic ForecastsProfound Technological ChangeIncome ChallengesCrazy NumbersNew York and HoustonScientists say the rules change in a cosmic "black hole" at what astrophysicists call the event horizon. How do they know that? Not by observation, since what happens in there is, by definition, un-seeable. They infer it from the surroundings, which say that the mathematics of the universe as we und...Read More

China's domestic rebar prices increased on Monday September 16 following a strong showing by steel futures following an attack on Saudi Arabian oil facilities over the weekend. Domestic Eastern China (Shanghai): 3,720-3,750 yuan ($525-530) per tonne, up 70 yuan per tonneNorthern China (Beijing): 3,640-3,670 yuan per tonne, up 20 yuan per tonneThe most-traded November crude oil contract on the Shan...Read More

Despite the DOW now soundly over 27k and the mainstream financial media claiming that today's retail numbers were very good, there's a lot of red flags increasing lately that the real US economy is getting much worse.Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St...Read More

The 10-year US Treasury yield rips. Unstoppable negative yields become stoppable.Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Man...Read More

You sick of the cancel culture? Me too. Read More

America may be safer than ever, but residents of the Land of the Free seem set on raising their children in a climate of fear.Continue...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

I came up with Financially Transmitted Disease, or FTDTM for short, a couple of years ago. It all happened when I was having dinner with some colleagues discussing quantitative easing (QE) Continue...Read More

What was "possible" yesterday is now a low-cost proven capability, and the consequences are far from predictable.Continue...Read More

"It's just harassment of the president, his family and his business, using subpoenas as weapons." Continue...Read More

After the sharp falls seen at the end of last week, gold and silver consolidated in a narrow range, other Continue...Read More