Chinese mills lowered export offers for hot-rolled coil on Tuesday October 22 despite a stable domestic market amid pressure from cheaper products offered by suppliers in other regions.DomesticEastern China (Shanghai): 3,500-3,510 yuan ($495-496) per tonne, unchangedNorthern China (Tangshan): 3,480 yuan per tonne, unchangedTrading was moderate during the day maid steady demand, which kept spot pri...Read More

Keith Weiner, Monetary MetalsWe talk a lot about the falling interest rate, the too-low interest rate, the near-zero interest rate, the zero interest rate, and the negative interest rate. Hat Tip to Switzerland, where Credit Suisse is now going to pay depositors -0.85%. That is, if you lend your francs to this bank, they take some of them every year. Almost 1% of them.A bank deposit comes wit...Read More

Stewart Thomson 1. If investors bring proper tactics to the table, gold price reactions can be exhilarating.2. Please click here now. Double-click to enlarge this GDX daily chart.3. There's nothing more satisfying than buying a market near a low and selling near a high.4. The key to doing that is buying near a previous low, either with very small size or with a stop...Read More

Clint SiegnerThe Wall Street Journal's Jason Zweig famously referred to gold as a "Pet Rock" in 2015. He was blasted by people who understand that gold is no passing fad, and it serves some very important roles in an investment portfolio.The valuable roles played by gold have been well covered here. It's a hedge against both inflation and deflation, it represents true diversification for por...Read More

By: Ira EpsteinGold might be heading back to $1475 support area, the daily chart shows no-man's land..Read More

Import prices for steel billet and rebar in the United Arab Emirates increased over the past week, with domestic rebar prices remaining stable, market sources said on Tuesday October 22.Domestic prices for rebar for the month were announced by the country's producers on October 21. Both Emirates Steel and Conares Steel kept their prices unchanged.Billet importsBillet bookings were made from Oman a...Read More

Riots have become the norm in France, Ecuador, Hong Kong and now Chile. John sees this as a function of out of control debt and the running out of other people's money. The US could find itself in a similar situation after the election. There's a belief among the world's population that corruption has become the norm and that there's no way to reign it in. This could lead to half the nation believ...Read More

Wikileaks publisher Julian Assange appeared before a UK judge to request more time to prepare his case against the US extradition request. Acting more like a Soviet triubunal, the judge went on to deny his every request. He is not allowed to prepare to fight his extradition. Even though Assange has served his time for "jumping bail" the British court ruled that he must remain in prison. His shocki...Read More

Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More

Low interest rates are encouraging companies to take on a level of debt that risks becoming a $19 trillion time bomb in the event of another global recession, the International Monetary Fund has said.In its half-yearly update on the state of the world's financial markets, the IMF said that almost 40% of the corporate debt in eight leading countries - the US, China, Japan, Germany, Britain, France,...Read More

I don't know how many people have noticed this, but in the past three months it has been impossible for a person to throw a beef burger patty in any direction Continue...Read More

We have lost all of our freedoms, we are just too busy to take notice. The pretend whistleblower against Trump was orchestrated by Democrats to create an issue Continue...Read More

Not so long ago the US economy had some bright spots that seemed to justify a general sense of optimism. The fracking revolution had turned the country into the world's largest Continue...Read More

When volume is low look for increased prices.When volume goes higher, look for declines. Volume has trailed off since the October sell-off. We're not in a bear market yet. Prices remain above all their moving averages and indicators. Nick believes we're not in a bear market. It's a trendless market, but since the May low, we've made higher lows, so there's a slight upside bias. One thing that ever...Read More

Topics:Changing of thepopulism Guard: Populism on the rise globally and what it meansBrexit: Will it happen and what does it mean for markets?Steve Keen is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific and empirically unsupported. Keen was formerly an associate professor of economics a...Read More

"I do not question the actions of the New York Fed, but I write to seek clarity on why they were necessary, and the implications of the cause of the spikes." Continue...Read More

Asia specialist and distinguished columnist David P Goldman is convinced the US and Europe stand a chance against the Red Dragon - but the clock is tickingContinue...Read More

More than three years ago, Fed watchers were stunned when none other than Ben Bernanke's former special advisor, Andrew Levin, said that "a lot of people would Continue...Read More

CIS rebar and wire rod producers increased offers for foreign customers in the second half of October following the recovery of scrap and billet prices globally.But buying activity remained limited as customers waited to see more evidence of market stabilization and improvement of demand from end-users.Early last week, offers for Russian wire rod were reported at $425 per tonne fob Black Sea, with...Read More

David feels the term "quiet optimism" does, indeed, sum up the current gold market. He points out that capital markets have yet to open up to most micro-cap gold companies. He feels that the mining sector may well be the last deep value play in the market today.He thinks that gold will eventually rise above $2000 an ounce, but it will take longer than most analysts expect. Indications that we are...Read More