This article and another were written for Miles Franklin. Read them here and here. Since this article was written in early January stock indices have bubbled higher. Some analysts have dreamed of a "melt-up" for stock markets. Regardless, bubbles crash eventually.The DollarDream Gig: The Secret to Success Across every business or industry, there are four universal drivers that can cause slow inter...Read More

Indian local secondary billet prices have risen by at least 1,000 rupees ($13) per tonne in the current week on a notable rise in the prices of finished steel products such as rebar.Domestic secondary billet, which is mainly produced through the induction furnace route, ended the week at prices of 32,500-33,000 rupees ($508-516) per tonne ex-mill on Friday February 16.This was a rise of at least 1...Read More

By Nathan McDonaldOver the past month, we have heard a growing roar of dissent and fear as people within the United States and around the financial world worried about a rapidly approaching deadline. A deadline, that if reached, would spell disaster for all! This deadline self-imposed by Congress is an artificial ceiling put in place to reign in the controls of big government and keep it in chec...Read More

Casablanca Markets... As I watched Wednesday's CPI (inflation) number reported by the Commerce Department, I was immediately reminded of that classic scene from legendary WWII flick "Casablanca" where Claude Rains, playing police Captain Renault, shuts down Humphrey Bogart's casino/nightclub with the immortal words "I shocked, SHOCKED to find o...Read More

"You may have a higher price, but you have jobs." Continue...Read More

Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort251,86076,25464,242150,847345,383466,949485,879Change from Prior Reporting Period -21,968-6,6973,685-7,803-18,718-26,086-21,730Traders17279744461251183 Small Speculators LongShortOpen Interest 44,79625,866511,745 2,510-1,846-23,576 non reportable positionsChange from the previous...Read More

Having a subscription to TFMetals Report is truly awesome. The knowledge that flows through that site, even on the free side, is truly remarkable. I was reading what Craig had to say about gold and silver making that huge move on Wednesday Feb 14, as I wasn't really able to find anything to support these "moon shots" that happened soon after the COMEX opened but of course, Mr. Hemke had it all und...Read More

Construction in America is returning to levels last seen before the Great Recession.Continue...Read More

The gold miners' stocks weathered the recent stock-market plunge really well. As evident in their leading GDX ETF, they were already beaten down before stock markets started falling. The resulting explosion of fear bled into GDX, forcing it even lower. Nevertheless, no major technical damage was done. GDX remained well within its consolidation trend channel and is still within striking d...Read More

Gold rose as the dollar fell to near a three-year low against a basket of currencies on Friday, heading for its biggest weekly loss in nine months, as a slew of bearish factors including firming inflation and a fall in retail sales and industrial production hit the dollar.Gold in USD - 10 Years - (GoldCore)U.S. producer prices accelerated in January, boosted by strong rises in the cost of gasoli...Read More

"Nobody should think it is OK to change your name to something that involves blockchain when you have no real underlying blockchain business plan and try to Continue...Read More

By U.S. Global InvestorsChinese New Year, also known as Lunar New Year, is a festival celebrated at the turn of the lunisolar Chinese calendar for 15 days until the next full moon. During this period many people are off work, visit extended family, clean their homes thoroughly and surround themselves with lucky symbols for good fortune in the coming year.Discover more about how the Chinese New Y...Read More

The base price assessment in Europe for 2mm, grade-304 cold-rolled (CR) stainless steel sheet has narrowed downward by ?,?20 per tonne over the past week, sources told Metal Bulletin on Friday February 16.Metal Bulletin's weekly base price assessment on Friday for 2mm, grade-304 CR stainless steel sheet was ?,?1,060-1,100 ($1,323-1,373) per tonne delivered in Northern Europe, down from ?,?1,060-1,...Read More

By Gary ChristensonThis article and another were written for Miles Franklin. Read them here and here. Since this article was written in early January stock indices have bubbled higher. Some analysts have dreamed of a "melt-up" for stock markets. Regardless, bubbles crash eventually.The DollarThe Dollar Index dropped from 102.28 on December 30, 2016 to 91.82 on December 29, 2017, and further to 8...Read More

By Dave KranzlerThe Fed added $11 billion to its SOMA account for the week ending yesterday. It purchased $11 billion in mortgage securities directly from banks. This injects $11 billion into the banking system. Cash is "high powered" money, meaning it can be leveraged 10x (banks need to hold 10% in reserves against "high powered" money. $11 billion is $110 billion of leverage for the banks to u...Read More

Gold rose as the dollar fell to near a three-year low against a basket of currencies on Friday, heading for its biggest weekly loss in nine months, as a slew of bearish factors including firming inflation and a fall in retail sales and industrial production hit the dollar.Gold in USD - 10 Years - (GoldCore)U.S. producer prices accelerated in January, boosted by strong rises in the cost of gaso...Read More

VANCOUVER , Feb. 16, 2018 /CNW/ - Northern Vertex Mining Corp. (NEE.V) (OTC Nasdaq Intl.: NHVCF)(the "Company" or "Northern Vertex") is pleased to announce we have entered the final stages of commissioning at the Moss Mine. We have commenced leaching ore on the pad in preparation for our first gold pour in Q1 2018. The final US$3M working capital draw is underway as we transition from developm...Read More

Metal Bulletin reviews the major stories that have affected the steel market over the past week.The break in some markets to celebrate the Chinese lunar new year has driven commodity prices this week.Metal Bulletin's 62% Iron Ore Index increased to $78.43 per tonne cfr on Thursday, while Metal Bulletin's fob Australia indices for coking coal were flat at $229.57 per tonne for premium hard coking c...Read More

Shares in Rio Tinto-controlled Turquoise Hill Resources opened 3% lower on Friday after the Mongolian government reinstated a decade-old agreement ordering the Vancouver-based company to source power for its Oyu Tolgoi mine domestically.Rio Tinto, down 1.8% in New York, could face higher costs on its $5.3 billion underground expansion of the giant copper-gold mine in the South Gobi desert near t...Read More

Some coated flat steel prices in Turkey are expected to increase in the near future, driven by an expected domestic price rise for hot-rolled coil (HRC) and good export demand, sources told Metal Bulletin on Friday February 16.Domestic pricesMetal Bulletin's weekly price assessment for Turkish domestic hot-dipped galvanized coil (HDG) was $780-790 per tonne ex-works on February 16, compared with $...Read More