Breaking News! North Korea has agreed todenuclearization. Great! But what does it mean for the gold market? And… why isthis not true? Gold StartsWeek BadlyThe yellow metal struggled on Monday. Its pricedeclined from $1,335 to $1,320, or more than 1.1. percent, as one can see inthe chart below. Chart 1: Gold prices from April 20 to April 23, 2018.The weakness could be caused by many factors....Read More

Automtaic Earth's Ra?l Ilargi Meijer just posted an essential essay on the world's financial markets - or what used to be the world's financial markets. Here's an excerpt:"[Price discovery] is the process of determining the price of an asset in the marketplace through the interactions of buyers and sellers", says Wikipedia. Perhaps not a perfect definition, but it'll do. They add: "The futures a...Read More

China will lead the electric vehicle (EV) battery chemistry evolution - moving from popularized nickel-cobalt-manganese (NCM)523 and NCM622 batteries to the NCM811 battery, while the West would keep NCM622 for longer, according to speakers at Metal Bulletin's Battery Materials Conference, held in Shanghai from April 18-19.The adoption of high nickel-content EV batteries will happen much faster in...Read More

– Russia buys 300,000 ounces of gold in March and nears 2,000t in gold reserves – Russia now holds just over 1,861 tonnes, more than officially reported by China at 1,842t – Both Russia and China have the power to destabilise US dollar by dumping dollar-denominated assets – Turkey has removed all gold held in the U.S. opting for Bank of England and BIS  – Turkey...Read More

 CloseGain/LossGold $1331.50+$6.50Silver$16.73+$0.10XAU83.28+0.03%HUI182.38+1.40%GDM633.15+0.87%JSE Gold1112.83+2.36USD90.77-0.16Euro122.37+0.29Yen92.13+0.04Oil$67.70-$0.9410-Year2.992%+0.017T-Bond142.50-0.46875Dow24024.13-1.74%Nasdaq7007.35-1.70%S&P2634.56-1.34%  The Metals: Gold gained $3.50 to $1328.50 in Asia before it fell back to $1323.50 in London, but it then climbe...Read More

Breaking News! North Korea has agreed to denuclearization. Great! But what does it mean for the gold market? And... why is this not true? Gold Starts Week BadlyThe yellow metal struggled on Monday. Its price declined from $1,335 to $1,320, or more than 1.1. percent, as one can see in the chart below. Chart 1: Gold prices from April 20 to April 23, 2018. The weakness could be caused by many fa...Read More

 CloseGain/LossGold $1331.50+$6.50Silver$16.73+$0.10XAU83.28+0.03%HUI182.38+1.40%GDM633.15+0.87%JSE Gold1112.83+2.36USD90.77-0.16Euro122.37+0.29Yen92.13+0.04Oil$67.70-$0.9410-Year2.992%+0.017T-Bond142.50-0.46875Dow24024.13-1.74%Nasdaq7007.35-1.70%S&P2634.56-1.34%  The Metals: Gold gained $3.50 to $1328.50 in Asia before it fell back to $1323.50 in London, but it then climbe...Read More

Full Article: Before All This Is Over, Gold Is Going Through The RoofBy: Jim RogersLegendary investor Jim Rogers said enjoy the market rally while it lasts, issuing a dire warning that "the worst correction of his lifetime," is coming for stocks."Soon something's going to happen that will make everyone happy again and the market will go up one more time, and that will probably be the last hoorah....Read More

Russian producers of hot-rolled (HR) and cold-rolled (CR) steel sheet have increased their offer prices for May-rolled products to keep domestic market profitability high while the rouble is weak.Normally, Russian steelmakers export around 35% of their steel products output, according to Metal Bulletin estimates. But in the first quarter of this year, Severstal increased the export share of its to...Read More

Jeff Clark: Frustrated by the comatose silver price? Tired of it going nowhere and being held down?Well, history has a message for you: This trading behavior is normal. Furthermore, similar scenarios from the past say the next price explosion is on the way. I know from past studies that silver doesn’t always shoot up when gold does, in spite of the fact that it almost always gains more than...Read More

By David SmithA cursory look at Chinese history can convince you that China should not be underestimated when it sets its sights on a particular goal.Even before Mao Zedong took over the reins in 1949, and the first Five Year Plan began in 1953, centuries of history demonstrated that long-term planning, while not always meeting expectations, is a core behavioral trait of the Chinese psyche.And m...Read More

Bernie Sanders will soon announce a federal jobs plan that would guarantee a federal job with a minimum $15-per-hour wage and health benefits to Continue...Read More

China's domestic hot-rolled coil prices continued to rise on Tuesday April 24 following early gains in the futures market.Domestic Eastern China (Shanghai): 4,080-4,120 yuan ($647-653) per tonne, up 20-30 yuan per tonne Northern China (Tianjin): 3,990-4,020 yuan per tonne, up 40-50 yuan per tonne HRC futures rose to a high of 3,708 yuan per tonne during the day - 1.7% higher than the Monday's sett...Read More

Graceland Updates By Stewart Thomson 1. The thrill of victory and the agony of defeat. Gold investors focused on the Western markets and government debt fear trade tend to feel the same kinds of thrills and agony that professional athletes regularly experience.2. Here's a good example: For a few days, silver soars higher on what appears to be the guaranteed start of a long-term...Read More

Let's start with Caterpillar, the maker of earth moving equipment that has for years been the poster child for global slowdown. Every quarter was worse than theContinue...Read More

China's ferrous futures continued to edge up during morning trading on Tuesday April 24, with strengthening domestic demand supporting the physical steel market. Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,584 yuan ($568) per tonne, up 27 yuan per tonne October hot-rolled coil: 3,701 yuan per tonne, up 5 yuan per tonne Dalian Commodity Exchange September iro...Read More

By Frank Holmes Since the commodities supercycle began unwinding 10 years ago, many investors have been waiting for the right conditions to trigger mean reversion and lift prices. I believe those conditions are either firmly in place right now or, at the very least, in their early stages. Among them are factors I've discussed at length elsewhere a weaker U.S. dollar, a steadily flattening yield...Read More

Gerdau has appointed Chia Yuan Wang president of its North American long steel division, with immediate effect, the Brazil-based steel producer said on Tuesday April 24.Wang takes over from Gerdau's chief executive officer, Gustavo Werneck, who took an interim role as president of the North American business after Peter Campo left the firm at the end of January, when a change in the mill's...Read More

Automtaic Earth's Ra?l Ilargi Meijer just posted an essential essay on the world's financial markets - or what used to be the world's financial markets. Here's an excerpt:"[Price discovery] is the process of determining the price of an asset in the marketplace through the interactions of buyers and sellers", says Wikipedia. Perhaps not a perfect definition, but it'll do. They add: "The futures a...Read More

Russian steelmaker Severstal, one of two major rebar suppliers in the central region around Moscow, has increased the offer price on its May-rolled rebar because of lower material availability and the weaker rouble, sources told Metal Bulletin this week.Novolipetsk Steel (NLMK), another rebar supplier in the region, had not set its offers for May-rolled rebar at the time of publication.Metal Bulle...Read More