By Ira EpsteinGold bounces but has no zip to it. https://iraepstein.com/ Read More

Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort202,915106,40356,882161,475275,599421,272438,884Change from Prior Reporting Period 10,16333,8918,5142,059-24,40420,73618,001Traders17991885050273193 Small Speculators LongShortOpen Interest 47,07329,461468,345 -1,0861,64919,650 non reportable positionsChange from the previous rep...Read More

On Wall Street, it's best not to think too hard or to look too closely into the mouths of gift horses. Since making predictions based on actual economic understanding is rare, analysts typically look to provide explanations after the fact. Within the financial services industry, currency traders are perhaps the greatest practitioners of this craft. While they often get the fundamentals completel...Read More

The gold miners' stocks are drifting listlessly in the summer doldrums, largely forgotten by investors and speculators. They are missing a fantastic opportunity to buy low in this barren sentiment wasteland when no one else wants to. The gold stocks remain exceedingly cheap relative to the metal which drives their profits, and they continue to establish a strong technical base. They are re...Read More

By Gary TanashianIt has been a while since we've had a 3 Amigos update because a) Italy and global tariffs noise aside, nothing much has changed with the macro and b) I felt my 'image-based metaphorical content to straight content' ratio was getting a little excessive. So I gave it a rest.Now it is time again for an update of these important macro riders in order to touch base with their signals...Read More

By Gary ChristensonMiles Franklin sponsored this article.Most sane individuals believe these basic truths.We cannot borrow our way out of debt.We cannot spend our way into prosperity.We cannot tax ourselves into wealth.We trust sane individuals also understand the following.We can't fix an excessive debt problem with more debt. (Central bankers disagree...)We can't support a more expensive milit...Read More

Yields are rising. The global economy has adapted so far without any major problems. So far. But how long can this last? And what does it ultimately mean for the gold market? Let's look at the chart below. As one can see, the U.S. long-term interest rates have been rising since September 2017. And they breached 3 percent in the second quarter of 2018, attracting investors' attention all over th...Read More

Home prices are still rising pretty much everywhere in the US, with California as usual leading the way. State-wide, the median CA home is now above $600,000, up 9% year over year. In San Francisco County, homebuyers are paying an average of 18% above the asking price, and price per square foot is now more than $1,000. Even Silicon Valley residents, who are used to this kind of thing, are findin...Read More

Conventional wisdom is that an inversion of the yield curve (short-term interest rates moving above long-term interest rates) signals that a recession is coming, but this is only true to the extent that a recession is always coming. A reversal in the yield curve from flattening to steepening is a far more useful signal.What a yield curve inversion actually means is that the interest-rate situati...Read More

"Fed is tightening into weakness and will eventually over-tighten and cause a recession""More inflation and a weaker dollar" is "the perfect environment for gold"Geopolitical shocks will return when least expected and gold will soar in flight to safetyby James Rickards for the Daily ReckoningRising interest rates are positive for goldSource: NY Fed for Fed Funds Rate, LBMA.org.uk for Gold PM f...Read More

The UK light iron scrap market was stable in the week to Friday June 22 for the 11th week in a row, with market sentiment suggesting an increase next week in line with expected renewed demand from Turkey, sources said.Metal Bulletin's weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?90-120 ($119-158) per tonne on Friday. This compares with the low for the year...Read More

High-grade fines and lumps continued to outperform other types of materials in the iron ore market on Friday June 22.Metal Bulletin 62% Fe Iron Ore Index: $65.34 per tonne cfr Qingdao, up $0.46 per tonneMetal Bulletin 58% Fe Premium Index: $53.57 per tonne cfr Qingdao, down $0.01 per tonneMetal Bulletin 65% Fe Iron Ore Index: $89.60 per tonne cfr Qingdao, up $1.90 per tonneMetal Bulletin 62% Fe Ch...Read More

Slab export prices from Brazil declined marginally this week, with local mills competing to book orders to the United States in the wake of the new quota system. Metal Bulletin's weekly price assessment for slab exports from Brazil fell to $580-595 per tonne fob on Friday June 22 from $590-600 per tonne fob previously. Deals from Brazilian companies to US buyers were heard...Read More

India is proposing increases for import duties on 30 products from the United States including certain steel goods, in a tit-for-tat move against the latter's Section 232 tariffs on steel and aluminum.Flat-rolled coated steel, stainless hot-rolled steel coil, grain-oriented electrical steel, steel spring and several other structural and construction steel products will be subject to a 15% increase...Read More

Click Here to Listen to the Interview - *the interview begins at 5:50Gerald Celente discusses the relevance of still having guns, gold and a getaway plan. Gerald also tells us what he's watching most closely on the geopolitical landscape that could have a major impact on the markets and possibly trigger the next economic crisis.Click Here to Listen to the Interview - *the interview begins at 5:5...Read More

Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More

China's domestic rebar prices decreased on Friday June 22 amid high selling interest. Domestic Eastern China (Shanghai): 4,040-4,080 yuan ($622-628) per tonne, down 80 yuan per tonne Northern China (Beijing): 3,880-3,930 yuan per tonne, down 20 yuan per tonne Traders actively sold rebar to lower their inventory levels before end-user demand weakens further. But buyers also kept their procurement r...Read More

"The Government's position fails to contend with the seismic shifts in digital technology that made possible the tracking of not only Carpenter's location but also everyone Continue...Read More

European base prices for flat and long stainless steel products were stable this week, while market participants wait for the full range of alloy surcharges to be announced for July.Finnish stainless steelmaker Outokumpu's alloy steel surcharge for July deliveries of 2mm grade-304 cold-rolled (CR) stainless steel sheet has risen to ?,?1,647 ($1,907) per tonne, the company's website announced on Th...Read More

Bix and Will discuss the transition that is currently underway, cryptos, manipulation, deep state, and more...Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and his commentary is published at www.RoadtoRoota.com. Bix has dedicated his efforts over the last 15 years to exposing the long term manipulatio...Read More