The following article was written by Peter Schmidt. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. When currency was backed by gold, a central bank's main function was to maintain the value of the issued currency in terms of gold. For example, if a central bank created too much money against the gold reserves in the banking system, an...Read More

Powell delivered and hiked again. Draghi halved the amount of purchased assets, but did not have the courage to end the quantitative easing program. Does the former have bigger cojones than the latter? And what does it mean for the gold market? Don't Worry, It's Just another Hike In line with the expectations, the FOMC acknowledged the improved economic outlook (the economy has grown at solid...Read More

- Bitcoin price in one year (June 2019)? - Bitcoin at $10,000 is the call of majority of MoneyConf poll participants- Bears see bitcoin at $0 while uber bulls see $100k/$1m (incl. Max Keiser)- Is binary and "bitcoin will likely go to zero or go much higher"- "Which cryptocurrency are you betting on in 2019?" - MoneyConf poll asks- Bitcoin, ethereum favoured in poll over ripple and litecoin- Wha...Read More

Interest rates are now a key simulator for growth in most nations. Interest rates have been used as a short-term tool as well as a medium-term tool by central banks to control growth in their nations and also control inflation. After the second world war, interest rates and interest rate futures have been the key to the direction of global financial markets be it stocks, bonds, currencies or eve...Read More

Domestic rebar prices in Poland remained largely unchanged over the past week despite slow trading, sources told Metal Bulletin on Friday June 15.Metal Bulletin's weekly price assessment for domestic 12mm B500B-grade rebar in Poland was 2,230-2,300 zloty ($610-629) per tonne ex-works on June 15, compared with 2,220-2,300 zloty per tonne ex-works a week earlier.The assessment reflects the latest re...Read More

"We absolutely are in a trade war."Bob brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 820 mission...Read More

Italian special long steelmaker Ori Martin has acquired a majority share in compatriot steelmaker Ferrosider, it said on Friday June 15.Long steel producer Ferrosider, which like Ori Martin is also headquartered in Brescia, northern Italy, specializes in the production of flat, round and square merchant bars for customers in the mechanical engineering and carpentry industries.Ferrosider has a turn...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

Governor Gerry Brown made it a violation of law to shower and do laundry on the same day. The purpose of this law is to "help California be better prepared for future droughtsContinue...Read More

Social justice warriors explain why Father's Day is now evil. Read More

Brazilian pig iron export prices remained unchanged this week, but rumors of shipments being booked at lower prices have started to be heard.Metal Bulletin's weekly price assessment on Friday June 15 for Minas Gerais-origin pig iron exports was $390-395 per tonne fob, while the assessment for Caraj??s-origin pig iron on the same day was $395-400 per tonne fob.Both prices were unchanged week-on-wee...Read More

During this 40+ minute interview, Jason asks Lior about the current global macro situation given the Fed hiking rates this week and the ECB and BOJ still doing QE and whether a strong US Dollar on the US Dollar Index (because of a mostly weak Euro) will be a strong headwind for gold?Lior thinks that gold is holding up pretty strongly despite a strong US Dollar and that over the next few years gold...Read More

Today's WeldonLIVE Briefing discusses the intensifying turbulence in Emerging Markets, with focus on yesterday's MASSIVE depreciation, to a new RECORD LOW, in Argentina's Peso ... as the South of the Border Gang is ready to ride again !!! For access to today's FULL WeldonLIVE, email me directly: [email protected]Gregory Weldon is CEO of Weldon Financial and Editor of the influential newsletters "...Read More

UK domestic prices for austenitic alloy steel scrap decreased this week on slowing demand and a fall in the price of nickel toward the close of last week.On Friday June 15, the London Metal Exchange three-month official nickel bid/offer spread was $15,330/15,350 per tonne, up slightly from $15,300/15,305 per tonne on June 8. However, this was down from the June 7 price of $15,755/15,760 per tonne,...Read More

Gold briefly fell below $1280 on Friday only to recover somewhat after the official market closeContinue...Read More

Turkish scrap import prices recovered in the week ended Friday June 15 on steady demand from the country's steel mills. This was due to bullish sentiment in the markets arising from the United States' decision to impose its Section 232 import tariffs on material from the EU, Canada and Mexico.East Coast fob prices in the US were up due to the Turkish demand. Taiwan import prices rose similarly, wi...Read More

The Russian government has approved a strategic agreement with China on to develp the Klyuchevskoye gold ore deposit in the Trans-BaikalContinue...Read More

Bob Moriarty of 321 Gold, in a wide-ranging conversation with Maurice Jackson of Proven and Probable, discusses issues from North Korea to Bitcoin. Maurice Jackson: Joining us for a conversation is Bob Moriarty, the founder of 321gold, and 321energy.com, and the author of two of my personal favorite books, "The Art of Peace," and "Nobody Knows Anything." Welcome to the show. I recall when Preside...Read More

Slab export prices from Brazil have increased this week due to renewed demand from clients in the United States.Metal Bulletin's weekly assessment of Brazil slab export prices was $590-600 per tonne fob on Friday June 15, up from $580-590 per tonne last week.Several deals were reported within the range of $590-600 per tonne fob this week, with companies keeping their focus...Read More

China's domestic rebar prices were unchanged on Friday June 15 and trading activity was subdued as futures declined.Domestic Eastern China (Shanghai): 4,140-4,180 yuan ($647-653) per tonne, unchanged Northern China (Beijing): 3,950-3,980 yuan per tonne, unchanged Buyers cut procurement rates as futures kept their downward trend in early trading after Thursday night's losses. Traders maintained the...Read More