Domestic prices for heavy steel plate in Southern Europe have been largely unchanged over the past week, but the mills will insist on higher transaction prices for future deals, sources told Metal Bulletin on Wednesday February 28.The increase is likely to supported by growth in slab prices, according to market sources.Metal Bulletin's weekly price assessment for domestic grade-S235JR heavy steel...Read More

A former police officer, Steven Mader (center), who was fired for not shooting a black suspect during a standoff in Virginia. Mader was Continue...Read More

Now that the White House seeks to turn China’ssteel and aluminum overcapacity into a national security matter, America’s newprotectionism risks international trade discord.Following a tradeinvestigation of imports, U.S. Department of Commerce recently recommendedimposing heavy tariffs or quotas on foreign producers of steel and aluminum inthe interest of national security. Armed with s...Read More

A lot of bitcoin advocates sold the idea that it was invisible to the IRS. Well, not really, I said all along. And now that's becoming evident, as you're about to see.Continue...Read More

German steelmaker Salzgitter expects to benefit from generally stable selling prices in the EU steel market in 2018, combined with raw material prices for iron ore and coking coal that will stay close to the levels seen at the end of 2017.The positive outlook, however, is threatened by significant volumes of coil imports into Europe from such countries as Turkey and India, despite anti-dumping mea...Read More

In the third Goldnomics podcast, we consider whether the gold price will reach $10,000 per ounce in the coming years and what factors will drive prices?As the "Everything Bubble" continues to inflate, higher gold prices appear to be on the horizon. Stephen Flood, CEO of GoldCore and Mark O'Byrne, Research Director and world renowned precious metals analyst discuss the outlook for the gold pr...Read More

TheHUI Index just closed below both 2017 and 2018 lows. The interpretations ofmany developments in the market are vague and subjective. But not majorbreakdowns. Gold miners just showed exceptional weakness by closing at new lowseven though gold is still above $1,300 and the S&P corrected more than halfof its recent sharp decline. Can anything save the precious metals sector fromfalling further...Read More

CloseGain/LossGold $1317.60-$1.00Silver$16.39-$0.03XAU78.27-0.89%HUI171.87-0.69%GDM597.17-1.04%JSE Gold1068.95-14.91USD90.63+0.23Euro122.00-0.33Yen93.83+0.56Oil$61.64-$1.3710-Year2.862%-0.039T-Bond144.50+0.9375Dow25029.20-1.50%Nasdaq7273.01-0.78%S&P2713.83-1.11% The Metals: Gold chopped in a relatively tight range of $1322.40 to $1316.00 and ended with a loss of just 0.08%. Silver rose to...Read More

Continue...Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at...Read More

Gerdau considers its current portfolio of assets in the United States and Canada to be "adequate" following the divestments in January of some of its US rebar production units, a wire rod mill and two downstream facilities, it has said."We reached a point where we consider our portfolio [in North America] adequate, and from now on we will draft our growth strategy," Gerdau chief finance officer Ha...Read More

After rising together through 2012, the past five years have seen a massive divergence between the total amount of accumulated U.S. government debt and the price of COMEX gold. When, if ever, will we see this correlation reappear?After falling together through the late 1990s, the price of COMEX god and the total accumulated U.S. debt began to rise together since 2002. With the help of Nick Laird a...Read More

I’m going to use this long term weekly chart for the HUI as a proxy for the other PM stock indexes. This chart also shows you why I’ve remained very cautious on any PM stock rally.What we know for sure is that the HUI rallied strongly out of its January 2016 low to the August 2016 high which was very impressive. At the time it looked like the initial impulse move in a brand new bull ma...Read More

By Jordan Roy-Byrne CMT, MFTA Gold was well bid during the equity correction but it could not breakout then and has retreated as equities have roared back. As a result, the Gold to stocks ratio has retraced most of its recent surge. Meanwhile, the US Dollar has rebounded and the oversold and overhated bond market could be starting a rally. The recent rise in long-term bond yields which has bene...Read More

Last week, John Del Vecchio, our resident forensic accountant and seeker of hidden profits, sent an email to his Earnings Insider Alert subscribers. He shared an Continue...Read More

10%. That's what February's flash crash shaved off of the major US equity indexes. And now Gerome Powell, the Fed's incoming chairman, is saying that he's fine with inflation exceeding the target rate of 2%. Put another way, he's promising that monetary policy will be as loose as necessary to keep asset prices elevated and the wealth affect generating lots of debt-driven consumer spending. And - i...Read More

By Daniel R. Amerman, CFAThe United States national debt is currently about $20 trillion, and the federal government is paying some of the lowest interest rates in history on that debt. The Federal Reserve has raised interest rates five times now, and is publicly considering another seven increases between 2018 and 2020, for a total increase of 3%. What will be the impact on the national debt an...Read More

Draghi has realized that he has singlehandedly destroyed the European bond market. Besides the fact that it is illegal to short government bonds, heContinue...Read More

Prices for domestic steel wire rod inched upward by ?,?5 per tonne in Southern Europe this week with mills well-booked and supply tight, sources told Metal Bulletin on Wednesday February 28.Metal Bulletin's weekly price assessment for domestic mesh-quality wire rod in Southern Europe widened upward to ?,?535-560 ($658-688) per tonne delivered on Wednesday, compared with ?,?530-555 per tonne delive...Read More

I'm going to use this long term weekly chart for the HUI as a proxy for the other PM stock indexes. This chart also shows you why I've remained very cautious on any PM stock rally.What we know for sure is that the HUI rallied strongly out of its January 2016 low to the August 2016 high which was very impressive. At the time it looked like the initial impulse move in a brand new bull market which w...Read More

Here I will discuss physical gold reality as well as current gold supply and gold demand factors today. Let's begin with the gold's supply chain. Not just from the ground, and no gold is not a mere entry into a bookkeeping ledger or a digital liability. Physical gold is born from the most violent phenomenon we human beings have ever witnessed... exploding stars. Scientifically explained plane...Read More