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 Mexican government has announced a plan to gradually eliminate an existing safeguard duty of 15% on several steel products.The duty on steel imports classified under 186 tariff codes will remain at 15% until September 2021, when it will be reduced to 10%, according to the country's...Read More

Here are five Fastmarkets MB stories you might have missed on Wednesday September 25 that are worth another look.Global long steel consumption was expected to reach 851 million tonnes in 2019, up by 2.4% year on year although mounting political uncertainties such as trade wars and the UK's intended exit from the EU may soften this growth, according to steelmaker Celsa.Despite concerns of low price...Read More

Global long steel consumption was expected to reach 851 million tonnes in 2019, up by 2.4% year-on-year although mounting political uncertainties such as trade wars and the UK's intended exit from the EU may soften this growth, according to steelmaker Celsa."A strong performance in construction activity in China, India and the rest of Asia will give support to long products consumption, specifical...Read More

The price of steel rebar in the Northern European domestic market moved down slightly this week through a combination of low ferrous scrap costs, weak demand and plentiful supply, sources told Fastmarkets on Wednesday September 25.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was ?,?470-490 ($517-539) per tonne on Wednesday, widening d...Read More

Craig HemkeBack in January, we predicted that in 2019 the precious metals would see their best annual gains since 2010...and so far, they have! So now the question becomes: will the metals hold these gains and extend or will they fall back in the fourth quarter?And why were we so confident back in January, when every major analyst and sell-side economist was expecting higher interest rates and...Read More

- Gary ChristensonHurricane Dorian pounded the Bahamas and hit the United States. The destruction was impressive.Hurricane Federal Reserve has devalued the dollar for over a century. The destruction has been large. A few benefited, many lost wealth, purchasing power, pensions, jobs, and homes.Hurricane National Debt has reached Cat 5 status, over $22 trillion in unpayable debt that weakens...Read More

Clive MaundThe Democrats never came to terms with losing the 2016 election to Trump and it has festered and rankled with them ever since. Deep State candidate and the world's worst loser Hillary Clinton even wrote a massively self-indulgent and trite "post mortem" on the election called "What Happened" - it's hard to imagine who would be dumb enough to waste their time reading such drivel.Ever s...Read More

Is Gold now back in a bull market? Most gold bugs think so and are quick to proclaim that.But, could Gold remain in a secular bear market? It hasn't made a new all time high in 8 years and the perma-bull, financial asset loving crowd certainly believes so.This is semantics because what really matters is making money and nothing else. With that said, Gold is not in a real bull market yet. We can...Read More

Gold's strength is no secret at this point, and that's why the uptrend is getting trickier to play. Let me offer a few suggestions..Read More

By: Ira EpsteinGold resistance can be seen around $1,556 - Dec. Gold (upper Bollinger band). The silver chart looks pretty darn good..Read More

Trade war will continue. Trump bashing China for atrocities to Muslims is a part of the trade war. Saudi Arabia has a beheading culture. Not a single nation dare criticize Saudi Arabia. Wahabi form of Islam is funded by Saudi Arabia to spread it worldwide. Wahabi form of Islam is more repressive than Chinese atrocities towards Islamic followers. Which nation or religion allows lashes for petty c...Read More

Turkish steel producers have continued to book deep-sea scrap cargoes for November shipments, confirming another downturn in the prices, sources said on Wednesday September 25.A steel mill in the Iskenderun region booked a US cargo, comprising 15,000 tonnes of HMS 1&2 (80:20) at $228 per tonne, 15,000 tonnes of shredded at $233 per tonne and 2,000 tonnes of plate and structural scrap (P&S) at $238...Read More

The physical iron ore markets were largely inactive on Wednesday September 25 because of a key industry conference in China and the current restrictions on that country's steelmakers.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $90.34 per tonne, down by $0.49 per tonne62% Fe Pilbara Blend fines, cfr Qingdao: $90.73 per tonne, down by $0.49 per tonne.62% Fe low-alumina fines, cfr Qingdao:...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

David Stockman illustrates how U.S. Treasuries have become a massive Ponzi scheme that investors buy because they are assured of continuous profits thanks to QE.David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a pr...Read More

Alasdair Macleod, with experience as a stockbroker, banker and economist, focuses on low-to-negative rates and how that will trigger commodities prices to go much higher.Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Read More

Financial and precious metals expert Egon von Greyerz (EvG) says the signs abound that we are nearing the end of this global fiat money experiment while central bankers are befuddled.Egon von Greyerz is founder and Managing Partner of Matterhorn Asset Management AG & GoldSwitzerland. Since the 1990s Egon von Greyerz has been actively involved with financial investment activities including mergers...Read More

Debt keeps on increasing at increasing rates. That should be good news for the repo market. And yet, Fed's Repo man is in a quandary. How could chaos reign in a stodgy market that's been around since 1917. The premise is simple. Buy securities to loosen liquidity. Sell securities to tighten liquidity. But Houston, we have a problem. This market broke down and no one has really explained why. That'...Read More

Some in the mainstream western media are lamenting why US President Donald Trump is dragging its feet to march off to another open-ended military conflict in the MiddleContinue...Read More

Charles Nenner has been calling for higher gold/precious metals prices for a while now. The market has finally caught up with his forecast. Gold will start rising again next year and eventually hit the $2500 mark. Look for a much more volatile VIX index, lower energy and food prices and a hastening of the deflationary trend. Strong dollar, low rates and higher bond prices. It's going to get intere...Read More