The White House has reportedly excluded hundreds of Chinese goods from tariffsFutures on theDow Jones Industrial Average (DJI) are modestly above fair value this morning, with the blue-chip index poised to bounce back after Thursday's bearish reversal. Wall Street is eyeing the latest U.S.-China trade news, with Politico reporting President Donald Trump is excluding hundreds of Chinese goods from...Read More

The 2020 election could see some major changes in the American economic system.The U.S. 2020 election will be one unlike America has ever seen, predicts oneanalyst.With both sides growing increasingly divided, it's impossible to know which way the sentiment will shift, and what will happen as a result.But one Stansberry analyst has concerns about what the future holds, and how a radicalized presid...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 341,51158,91265,382163,008481,407569,901605,701 Change from Prior Reporting Period 7,397-5,4774,3456,94719,73518,68918,603 Traders 21167785256291177 Small Speculators LongShortOpen Interest 61,08925,289630,990 -2,452-2,36616,237 non report...Read More

The Federal Reserve's endless machinations really affect the gold price, sometimes confounding traders with seeming illogicalness. This week the Fed cut rates again, which has really boosted gold in the past. Yet it plunged 1.7% in less than an hour after this latest decision! While gold's Fed reactions often look capricious, there's a method to this madness. Traders need to understand...Read More

Michael Pento Ph.D. & Chris Waltzek Ph.D. - September 19th, 2019. * .Mp3 format.HighlightsMichael Pento, President and Founder of Pento Portfolio Strategies LLC returns to Goldseek.com. The duo concur that the US PODUS is attempting improve the position of the domestic economy. The EU and related economies may be on the cusp of a new Great Recession. The EU enacted QE operations via 20 bil...Read More

Meanwhile, Socialist Elizabeth Warren Surges Past BidenBy Mike Gleason, Money Metals Exchange It's been a big week of geopolitical strife and potential crisis points for financial markets. The week began with one of the biggest single day oil spikes on record, then saw the Federal Reserve lose control of its own interest rate in the repo market before announcing another rate cut. Yet these an...Read More

Stewart Thomson, Graceland Updates 1. Please click here now. The Fed just cut interest rates again. It also cut the rate it pays banks on their excess reserves. 2. What does this mean for gold? Well, the 30basis point cut on excess reserves is bigger than the 25basis point cut on the fed funds rate. That could incentivize banks to loan money to the private sector rather...Read More

By: Ira EpsteinGold in a correction but on a weekly basis remains in an up-thrust, but I am concerned gold is challenging short-term lows..Read More

Domestic price sentiment for hot-dipped galvanized coil (HDG) in Europe has continued to be negative in the week ended Thursday September 19 due to slow market activity, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Northern Europe, was unchanged over the week at ?,?550-570 ($608-630) per tonne ex-works on September 19, reflecting the latest deals...Read More

Brazilian import volumes of flat and long steel displayed opposite tendencies in August, according to figures from the country's economy ministry published last week.Import volumes of flat steel declined year on year by 11.29% to 95,116 tonnes in the month, from 107,216 tonnes, mostly because of lower volumes imported from China.Imports of flat steel from China fell to 41,950 tonnes in August 2019...Read More

India has given the go-ahead to the state-owned Steel Authority of India (SAIL), to sell up to 7 million tonnes of iron ore annually , to maintain security of raw material supplies ahead of the expiration of 31 mining leases in the country next year. "The Ministry of Mines has allowed SAIL to offload in a year up to a quantity equivalent to [a] maximum [of] 25% of [the] total iron ore production i...Read More

Prices for imported flat-rolled steel in South America were mostly down in the week to Friday September 20, given a continuing global downtrend and low demand from the region.Fastmarkets assessed the price for steel hot-rolled coil import, cfr main ports South America, at $490-500 per tonne on September 20, down from $500-515 per tonne a week before and the lowest level seen thus far in 2019.New o...Read More

Brazilian slab export prices remained unchanged in the week ended Friday September 20, with no deals agreed while buyers and sellers battled to establish a new price.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, was $420-435 per tonne on September 20, unchanged week-on-week.The price corresponded to the most recent deals closed, to the West Coast of the United...Read More

Export prices for pig iron from Brazil have gone down on the influence of weak global scrap pricing and fading demand, sources told Fastmarkets during the week ended Friday September 20.Fastmarkets' weekly price assessment for pig iron, export, fob Vitorio/Rio, Brazil, was $285-300 per tonne on Friday, down from $305-310 per tonne last week.Suppliers were heard to cut their prices, but were not re...Read More

Global scrap prices continued to fall in all major markets during the week ended Friday September 20, under pressure from persistent negative sentiment and with market participants seeing no prospect of relief. Turkey import prices fall further; suppliers accept lower prices US export prices down for cargoes sold off both coasts Asian import prices decline on oversupply Indian import prices down i...Read More

Diego Zanuso will begin a transition plan to take over as chief executive officer of Evraz' trading arm, Switzerland-based East Metals AG, while the current East Metals chief executive officer Joe Vazquez is set to retire as of July 2020.Zanuso has spent 12 years with Evraz, most recently serving as the global head of vanadium sales since...Read More

Questions about the fate of stocks held by the defunct Fanya Metal Exchange have been a weight on negotiations in many minor metals markets since the bourse collapsed in 2015, and have contributed to the uncertainty that has stifled trade for much of 2019.Buying appetite in the spot market has weakened, and prices for some minor metals including indium, bismuth and antimony have reached multi...Read More

SD Friday Wrap: Silver's outlook just turned wildly bullish, and for a reason that most people missed...Editor's Note: The charts in this article were set-up around 11:30 a.m. EST on Friday and do not include price action after that time unless specified.*****This has certainly been one wild week even if it's not reflected in metals' price action.Check out silver wanting to finish out the week rig...Read More

Where will the rally take the gold price in the early October break-out? Here's where...by Chris Vermeulen of The Technical TradersJust as we predicted, precious metals are setting up another extended momentum base/bottom that appears to be aligning with our prediction of an early October 2019 new upside price leg.Recent news of the US Fed decreasing the Fed Funds Rate by 25bp as well as strength...Read More

Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | Email | Stitcher | RSSIs manipulation the only reason to back-up the truck? No, it's just one of the many reasons. Here are the rest...Simon Popple of Brookville Capital interviewed by Half Dollar of Silver DoctorsSimon says we need to play the cards we've been dealt, and if that means silver's been driven down in price an...Read More