Prices for domestic wire rod across Europe remained unchanged on Wednesday October 2, with many market participants focusing on the more active rebar sector, sources told Fastmarkets this week. "Demand for wire rod is not so good, there's not a lot moving. It makes sense to leave it alone [and] wait for a potential recovery," said one Southern European producer, adding that his company had&nb...Read More

Turkish steel producers have booked more deep-sea scrap cargoes for November shipment, although prices remained fairly stable, sources said on Wednesday October 2.A long steel mill in the Marmara region booked a US cargo, comprising 32,000 tonnes of HMS 1&2 (80:20) at $226 per tonne and 7,000 tonnes of bonus at $231 per tonne cfr.The price was similar to that of a US cargo traded on October 1...Read More

Seaborne iron ore prices remained flat on Wednesday October 2, with the market largely muted amid the week-long public holiday in China from October 1-7.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $98.38 per tonne, unchanged.62% Fe Pilbara Blend fines, cfr Qingdao: $92.91 per tonne, unchanged.62% Fe low-alumina fines, cfr Qingdao: $91.72 per tonne, unchanged.58% Fe fines...Read More

David H. Smith The people who are prepared are going to reap rewards such as they have never dreamed. We're going to have the biggest transfer of wealth in history - from the fools - to those who are prepared. - Bob MoriartyThe run up of the last few months to $1,565 gold and $19 silver has stalled out into a relatively high-level correction, giving back less than might be expected after such a...Read More

Donald Trump has become only the fourth president in U.S. history to be the subject of a House impeachment inquiry. The details are still unfolding, and it's an extremely divisive topic. If history is any guide, it's highly unlikely that Trump will be convicted of any impeachment charges, especially with Republicans in control of the Senate. The only two presidents who have ever faced such charg...Read More

Craig HemkeYou didn't actually think that a couple of indictments were going to change things, did you? By now you must understand that The Banks will continue to manage and rig prices until the time comes that it is no longer profitable for them to do so.In case you need a summary of recent events, please take time to review these three links:o https://www.cnbc.com/2019/08/20/another-ex-jp-mor...Read More

- Dave Kranzler"[Whatever] the repo failure involved, it is likely to prove a watershed moment, causing US bankers to more widely consider their exposure to counterparty risk and risky loans, particularly leveraged loans and their collateralised form in CLOs. a new banking crisis is not only in the making, for which the repo problem serves as an early warning, but it could escalate quite rapid...Read More

Jordan Roy-Byrne CMT, MFTASeveral weeks ago both Gold and gold stocks hit major resistance after strong but extended moves. A correction or pause was to be expected. Clearly, we can now say, the sector is in correction mode.Corrections tend to have three legs: a simple down up down or A-B-C pattern. The gold stocks (and Gold) appear to be on the C leg of that A-B-C pattern.Below we plot the dail...Read More

Stewart Thomson 1. China's "Golden Week" holiday is underway and gold markets there are closed for the week.2. The demand vacuum created by this holiday often contributes to a gold price swoon, and that's happening now.3. Please click here now. Double-click to enlarge this GDX swing trade chart.4. My www.guswinger.com subscribers are enjoying the price swoon because...Read More

By: Ira EpsteinGold remains over the 18-week moving average. Market holds an upside bias long-term. Daily chart shows head-shoulder TA formation..Read More

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 private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism in America...Read More

Iranian export steel billet prices slipped in the week to Wednesday October 2 after several sales were agreed at prices lower than those in earlier deals.Producers tried to resist the downtrend, referring to large-volume billet sales to China in previous weeks and to the current reduced availability of material."Iranian mills were not willing to accept even $350 per tonne fob several days ago, but...Read More

ARTICLE HERE: https://goldsilver.com/blog/the-big-s...Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world's most highly regarded investment education companies. He is author of the highest selling precious metals investment book of all time, Rich Dad's Advisors: Gu...Read More

"All they are interested in doing is keeping the bigs (rich people) growing. This is going to be worse than the Great Recession, and as I said, this is going to be the Greatest Depression, worse than the Great Depression. The Great Recession was a bottom up collapse. This collapse is going to come from the top down. It's that 1% that has it all, and when it starts falling apart and they can't prop...Read More

A look at where Silver is now and where it could be going over the next few months and year ahead.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on s...Read More

Online censorship and government controlled propaganda is now official policy and completely legal in Singapore.Continue...Read More

The judge used the phrase "race conscious admissions" rather than "affirmative action" to explain why she allowed the legal discrimination. Continue...Read More

Michael S. "Mickey" Fulp is a Certified Professional Geologist with over 29 years experience as an exploration geologist searching for economic deposits of base and precious metals, industrial minerals, coal, uranium, and water in North and South America and China. Mickey has worked for junior explorers, major mining companies, private companies, and investors as a consulting economic geologist fo...Read More

Barton Biggs on how the Nomura Family's ability to recognize "Narrative Failure" made Nomura Japan's #1 financial firmWhy we're experiencing our own "Narrative Failure" today, and what specifically is failingPortfolio positioning for the narrative failure and beyondOutlook for the coming merger of monetary and fiscal narratives, and how that might unfoldRead More

In the aftermath of today's surprising WTO decision, in which the global trade mediator sided with the US in finding some $7.5BN in European Airbus subsidies illegal, momentsContinue...Read More