StrengthsThe best performing metal this week was palladium, up 11.52 percent as precious metals had a stellar week. Gold hit a seven-year high this week, holding above $1,600 an ounce to the highest since February 2013 largely on coronavirus fears. The metal also rose on speculation that the Federal Reserve will ease monetary policy before year-end. Gold remained strong even as the U.S. dollar a...Read More

Clive MaundIf you are wondering why gold is starting to accelerate away to the upside, you need look no farther than the following amazing chart forwarded to me by reader Larry Fike, which Larry has kindly given me permission to reproduce in this update...Click on chart to popup a larger, clearer version.Chart courtesy of Larry FikeThe chart speaks for itself and requires little additional comme...Read More

Rising imported ferrous scrap prices in Turkey provided upward momentum to global scrap prices during the working week ended Friday February 21, with prices in most major import destinations surging due to the boost in demand.Turkish import scrap prices rise on buying spreeUS export scrap prices push upward on fresh Turkish dealsTaiwan import scrap prices surge on higher freight costs, Vietnam pri...Read More

Now that we are hearing stories about the viral threat of superspreaders, of deepening economic paralysis around the world, and how it could take 18 months to produce a vaccine, investors' show of bravado in recent weeks seems to have melted away. Shares got hit across-the-board on Thursday and Friday, and if investors know what's good for them they'll pound the bejeezus out of them this week. A...Read More

Gold April reached a high of $1684.10 early morning (at New Zealand open). Silver march reached at high of $1879.50. Copper march fell to a low of $256.50. Crude oil fell to a low of $51.66. Early morning high (just after New Zealand open) can be fake or just stop loss hitting price moves. No doubt the trend for gold and silver is bullish. BUT still they have to break and trade over early mornin...Read More

CIS export prices for steel slab remained firm in bookings made in the seven days to Friday February 21 despite a weakening of the finished flat steel sector in the region and in some customers' markets.A cargo of Russia-origin slab was reported sold to Belgium at $425 per tonne fob Black Sea last week, in line with asking prices.Fastmarkets' weekly price assessment for steel slab, export, fob Bla...Read More

"This is taking the world's most important manufacturing center and shutting it down all at once. That's like throwing a car into reverse at 60 miles per hour on the highway. . . . Supply chain disruptions are going to be legendary. . . . This isn't like one company having trouble like AIG where Hank Paulson has to ride to the rescue with $700 billion of fresh U.S. taxpayer money. We are talking a...Read More

To Watch Update #29, CLICK HERE?>>?Things are now starting to get fast and furious. Outside of China, covid-19 is swiftly breaching defense lines all over the world. Italy is suddenly in big trouble - with the military being called in to enforce city quarantines. Iran, South Korea & Japan similarly find themselves overwhelmed as new cases continue to spread unabated.And there are many other countr...Read More

Marin Katusa has worked directly with and financed many companies of well-known individuals in the resource industry and has become one of the most trusted and well connected dealmakers in the junior resource sector. During this time, he has become one of the most successful portfolio managers in the resource sector, such as his 2009 Fund Partnership (KC50 Fund, LLC) which has outperformed the com...Read More

One thing we've learned from the Trump Presidency is that the "deep state" is not just some crazy conspiracy theory. For the past three years we've seen that deep state launch plot after plot to overturn the election.It all started with former CIA director John Brennan's phony "Intelligence Assessment" of Russian involvement in the 2016 election. It was claimed that all 17 US intelligence agencies...Read More

"You know, when Fidel Castro came into office, you know what he did? He had a massive literacy program," Sanders said. "Is that a bad thing? Even though Fidel Castro did it?"Continue...Read More

Steel billet prices in the global markets were up in all regions except Asia last week, supported by increasing raw material costs, particularly scrap.Low-priced Japanese billet transactions and competitive offers for Chinese billet resulted in a $10-per-tonne decline in the Southeast Asian market.Southeast Asia, ChinaSeveral cargoes of Japanese billet were booked in the Philippines last week with...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

Does Mike Maloney buy more gold or more silver? Which is he buying now? As he and Ronni Stoeferle of Incrementum discuss in this new video, the gold/silver ratio (gold price divided by the silver price) continues to hover near historic highs. This 50-year chart shows where the current ratio fits historically, as well as the gains silver experienced when the ratio fell. As Ronni points out, the gol...Read More

Brace yourself for while markets next week. We may begin to see European and Asian liquidation of equities in fear of the 2020 election ahead.Continue...Read More

"Where do you put those patients? You cannot send them home, because they might infect others, but you cannot put them in hospital because resources are stretched."Continue...Read More

How did a self-proclaimed socialist take over the Democratic Party? He is supported by millions of younger voters who have taken on so much debt that they have little hope for their future. Continue...Read More

We had an inverted yield curve in 2019, and yet the planet did not tumble off its axis. The sky did not fall. So does that mean an inverted yield curve is not really a problem?Continue...Read More

There is a dense yellow metal that is currently in the midst of a global bull market amid the least amount of fanfare that I can recall. Continue...Read More

The Egyptian Administrative Court will make a ruling on billet and rebar import duties on May 23, after a number of domestic rebar re-rollers appealed to have them removed, market participants told Fastmarkets on Monday February 24.The Egyptian Ministry of Trade & Industry announced definitive import duties on steel billet, rebar and wire rod on October 10 last year. The definitive safeguard duty...Read More