Import prices for flat steel goods brought into South America have all decreased this week, under pressure from trade tensions between China and the United States, which strongly affected the Chinese domestic market earlier this week.The import market in the region was also affected by reduced buying interest."[Chinese mills] were trying to sell volumes at any cost," a Chile-focused steel trader s...Read More
By Koos Jansenhttps://www.bullionstar.com/According to the United States Treasury its 261 million ounces (? 8,100 tonnes) in official gold reserves are fully audited and accounted for. Because for many decades rumours are making rounds this gold has been covertly sold, in this essay we'll thoroughly scrutinise the audits - indirectly evaluating the accuracy of the gold claims by the Treasury. Wh...Read More
Mike "Mish" Shedlock a registered investment advisor, representative for Sitka Pacific Capital Management and he operates one of the most popular websites about the economy and investing online: MISH'S Global Economic Trend Analysis.Read More
- This is the largest debt issuance since 2008 financial crisis- Trump threatens trade war with its biggest creditor - China- Bond auctions have seen weak demand due to large supply and trade war concerns- $20 trillion mark reached in early September 2017; $1 trillion added in just 6 months- US total national debt level now exceeds $21.05 trillion and is accelerating higher- U.S. debt and dolla...Read More
“Somethings never change. Some things do.” You might be wondering why we are quotingone of the lines from the Matrix movie. The reason is because that’s exactlywhat we can say about the gold market and the price patterns in it. The thingthat never changes is the fact that gold will always somehow react to the fundamental news, but the way itreacts will vary over time. Moreover, t...Read More
SHANGHAI, Mar 29 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rose to 90 given the inflow of month-end capital and as concerns of a trade war eased. Positive economic data from the US released overnight also buoyed the index.Base metals saw mixed trading as SHFE metals, except for copper and lead, fell. L...Read More
- US needs to borrow almost $300 billion this week alone- This is the largest debt issuance since 2008 financial crisis- Trump threatens trade war with its biggest creditor - China- Bond auctions have seen weak demand due to large supply and trade war concerns- $20 trillion mark reached in early September 2017; $1 trillion added in just 6 months- US total national debt level now exceeds $21.05 tr...Read More
Back in the 1990s, critics of the dot-com bubble used to point out that the global economy depended on the US stock market and the US stock market depended on, like, ten Internet stocks with negative aggregate earnings. The resulting inverted financial pyramid was, the critics claimed, very easy to tip over.They were right of course. But apparently not right enough to keep us from repeating the...Read More
By Ira EpsteinGold and silver breakdown and neutralize bullish patterns they currently had.https://www.iraepstein.com/ Read More
As many of you know, I run a trading room with well over 3500 members, including over 450 money managers. I have seen the good, the bad, and the ugly as far as what traders and investors do through the years. And, no matter how much I warn about the pitfalls in the market, many chose to ignore me, and eventually learn on their own the hard way.To this end, this article is focused mostly upon t...Read More
By Avi GilburtAs many of you know, I run a trading room with well over 3500 members, including over 450 money managers. I have seen the good, the bad, and the ugly as far as what traders and investors do through the years. And, no matter how much I warn about the pitfalls in the market, many chose to ignore me, and eventually learn on their own the hard way.To this end, this article is focus...Read More
Prices in India for local secondary steel billet have increased by about 100 rupees per tonne in the current week, with demand for both semi-finished and finished products remaining steady and the number of inquiries rising toward the weekend.On Thursday March 29, prices for Indian domestic secondary billet, mainly produced through the induction furnace route, were 32,700-32,900 rupees ($503-506)...Read More
"they will probably throw in a few more shorts just to take price below $16.10 so the commenter's can relish in telling me how wrong I am"by Marshall Swing of The Church Of ActsThe most famous (and infamous) CALL(s) in all precious metal's history do not belong to a Jamie Dimon, Blythe Masters, Jay Gould, Jim Sinclair, Jim Rogers, or an Eric Sprott...Those folks are infamous, and famous, for 3 bad...Read More
Regular readers of Goldmoney's research will be aware that Goldmoney was among the first to alert western financial markets that China would introduce a new oil futures contract priced in yuan. Goldmoney's Head of Research, Alasdair Macleod, builds on his thoughts on the Oil-Yuan Futures and the implications for gold. Read the full Research piece here: https://www.goldmoney.com/research/go...Alasd...Read More
Remember LIBOR? The interest rate which soared during the global financial crisis? It's on the rise again, but almost no one is paying adequate attention to it. We are - and we will analyze for you what this means for the gold market. Hello LIBOR, My Old FriendSimon and Garfunkel sang about darkness, the old friend. We can refer these words to LIBOR which has come to talk with us again. I bet...Read More
Domestic prices for rebar in Poland have been stable this week in a slow market, sources told Metal Bulletin.Steel mills are expected to increase their offers in early April to reflect the rise in scrap costs in the middle of March. Price growth will also be supported by improved demand from the construction sector in April, according...Read More
Over 9 Metres of 43.6% Zinc at Mina Grande Sur(1)Over 7 Metres of 25.3% Zinc at Bongarita(1)Vancouver, British Columbia--(Newsfile Corp. - March 29, 2018) - Zinc One Resources Inc. (TSXV: Z) (OTC Pink: ZZZOF) (FSE: RH33) ("Zinc One" or the "Company") has received the first drill results from the previously announced drill program at its Bongar? Zinc Mine project located in north-central Peru. Th...Read More
"We're knocking the hell out of ISIS. We'll be coming out of Syria, like, very soon...Let the other people take care of it now."Continue...Read More
- This is the largest debt issuance since 2008 financial crisis- Trump threatens trade war with its biggest creditor - China- Bond auctions have seen weak demand due to large supply and trade war concerns- $20 trillion mark reached in early September 2017; $1 trillion added in just 6 months- US total national debt level now exceeds $21.05 trillion and is accelerating higher- U.S. debt and dolla...Read More
The export market for CIS-origin pig iron was quiet this week mainly because of the Easter holiday in Europe and the United States, Metal Bulletin has been told.Suppliers were not active in the market due to the additional uncertainty in the scrap market.The only deal heard done in the US this week was when Russian steelmaker Tulachermet sold 35,000 tonnes of pig iron at $420 per tonne cfr. That w...Read More