Janet Yellen had her last FOMC meeting this week, ushering in the changing of the guard at the Fed. Danielle DiMartino Booth spoke with Bart Chilton as they discussed the central bank. 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...Read More

China's ferrous futures had little movement during morning trading on Thursday February 1 following talk about the possible extension of steelmaking restrictions in Hebei province.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,952 yuan ($627) per tonne, down 1 yuan per tonne May hot rolled coil: 3,979 yuan per tonne, up 9 yuan per tonne Dalian Commodity Exchange Ma...Read More

By Ronan Manlyhttps://www.bullionstar.com/This article is in 3 parts and covers a) upcoming trade reporting in the London gold market which is being led by the London Bullion Market Association (LBMA), b) the recent publication by the LBMA of a Guide to the London OTC precious metals markets, and c) an update on monthly vault reporting which the LBMA and the Bank of England launched in 2017.LBMA...Read More

By Rory HallCryptocurrencies are not anonymous and they are not decentralized, period. This is to say nothing of the dangers they pose as being "pirate money" that can create real world problems for a persons life. If you don't believe me simply ask Randall Lord, Ross Ulbricht or anyone that has had their "wallet" hacked or stolen on any number of exchanges where cryptocurrencies are bought and...Read More

Demand and prices for Indian finished steel products are likely to be boosted over the coming year after the country's government announced stronger spending on infrastructure in its new budget, Metal Bulletin heard on Thursday February 1.India's budget allocation for infrastructure spending in its 2018-19 financial year, which begins in April, will rise to 5.97 trillion rupees ($93.65 billion), c...Read More

Finished long steel prices in Europe are expected to remain largely stable in February after rising steadily through January, market participants told Metal Bulletin this week.Domestic offer prices from European steel mills are still supported by high production costs and strong demand from end-users.Market participants expect domestic rebar prices in Northern Europe to remain strong in February,...Read More

The Russian government, media, and public don't know what to make of the US Treasury's "Kremlim list." The Treasury list contains the names of the topContinue...Read More

The gold price had a good start for 2018, rising from 1310 at the start of January to a high of $1367 with the most recent trading price of $1351. Which is set against my forecast for 2018 for the gold price to first target resistance $1375, an eventual break of which would propel the Gold price towards a 2018 target of $1500, and then further for the Gold price to ultimately target a trend toward...Read More

Before I get started, I want to put my cards on the table. I don't trust Republicans like Devin Nunes for a moment. He doesn't care about the civil Continue...Read More

Bahrain rebar producer Unirol is planning to increase its rebar production capacity to 300,000 tonnes per year from 200,000 tpy, a company executive told Metal Bulletin on Thursday, February 1. The company also plans to start exporting rebar by 2019, mainly to the Gulf Co-operation Council (GCC) countries. Rebar demand in the Middle East is currently moderate, while most...Read More

Most price forecasts aren’t worth more than an umbrella in a hurricane. There are so many factors, so many ever-changing variables and dynamics, that even the most educated guess almost always ends up wrong.Further, some forecasts base their predictions on one issue. “Interest rates will rise so gold will fall.” That’s not even an accurate statement, let alone a sensible pr...Read More

The blockchain has discovered gold (or gold has discovered the blockchain). Either way, this means several things. First, the decades-long dream of aContinue...Read More

Inflation has become a big enough problem that even the Fed is talking about it.By way of background, you need to understand that the entire game for the Fed is to dramatically understate inflation so it can continue to "paper over" declining living standards in the US.Were the Fed to ever accurately measure inflation, it would quickly become apparent that incomes have failed to match increased co...Read More

The World GoldCouncil published its gold market outlook for 2018. Will goldcontinue its January rally or should we expect declines?Solid Gold’sPerformance in 2017The World Gold Council begins its report with a shortsummary of 2017. The organization points out that gold performed relativelywell, given the fact that the global economy picked up, risk assets rose invalue, while the Fed hiked in...Read More

Mercenary Geologist Mickey Fulp explains why he's buying platinum in this video interview. He also shares four stocks that he currently likes.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...Read More

- CFTC fines UBS, HSBC and Deutsche Bank millions of dollars each for gold price manipulation - Deutsche Bank 'engaged in a scheme to manipulate the price of precious metals futures contracts'- UBS 'attempted to manipulate the price of precious metals futures contracts'- HSBC engaged 'in numerous acts of spoofing with respect to certain futures products in gold and other precious metals'- Gold...Read More

The falling scrap market pushed prices for CIS-origin pig iron down during the week ended Thursday February 1, Metal Bulletin has heard."The market has weakened, and producers can no longer keep pig iron prices high while the scrap market is crashing," a trader told Metal Bulletin.Metal Bulletin's export price assessment for high-manganese pig iron from the CIS region fell to $350-375 per tonne fo...Read More

Inflation has become a big enough problem that even the Fed is talking about it.By way of background, you need to understand that the entire game for the Fed is to dramatically understate inflation so it can continue to "paper over" declining living standards in the US.Were the Fed to ever accurately measure inflation, it would quickly become apparent that incomes have failed to match increased co...Read More

CloseGain/LossGold $1350.00+$4.30Silver$17.24-$0.09XAU87.60-0.07%HUI196.70+0.13%GDM661.96-0.27%JSE Gold1244.84-0.24USD88.59-0.51Euro125.19+1.06Yen91.44-0.26Oil$65.80+$1.0710-Year2.779%+0.059T-Bond146.125-1.6875Dow26186.71+0.14%Nasdaq7385.86-0.35%S&P2821.98-0.06% The Metals: Gold fell $8.30 to $1337.40 in London, but it then rallied back higher throughout most of trade in New York and ended...Read More

This stuff is about to get real.I was finger-scrolling through The Daily Shot the other day (a daily chart package mailed out by The Wall Street Journal-it's a must-read for everyone in the business), and I came across this:Source: The Daily ShotPeople are getting bulled up on the idea that the Fed might hike more than three times this year.That's not unreasonable, given that stocks have gone stra...Read More