Prices for steel rebar and ferrous scrap are likely to get continued supported from the weakness of the United States dollar and healthy demand in the coming few months, the International Rebar Producers & Exporters Association (Irepas) said this week.The US dollar has depreciated by 6.31% against the euro and by 5.65% against sterling since the beginning of the year, according to exchange rate si...Read More

On Janet Yellen's last day as Fed boss the markets suffered their worst percentage loss in 20-months. Yesterday, on Jerome Powell's first day as Fed Chairman, the VIX spiked by its largest amount on record and the Dow suffered its largest single day point drop ever (and 100th worst percentage drop in history). Intent on showering us with some logic as prices rain lower, the media tells us th...Read More

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: rebarRebarTurkey, export, rebar, offered at $545-550 per tonne cfr, theoretical weight,...Read More

- Gold gains 0.6% in USD and surges 1.7% in euros and pounds- European stocks fall more than 3% at the open after sharp falls in Asia- DJIA falls 1,175 points, S&P 500 down 4.1% and Nikkei plummets 4.7%- Gold rises from $1,330 to $1,342, ?942 to ?960 and EUR1,067 to EUR1,085 /oz- Bitcoin crashes another 10% and has now plummeted by 70% to below $6,000- Increased risk aversion will drive safe hav...Read More

"may also arise from the recent UK, and other states, practice of targeting suspected terrorists outside of the armed conflict itself and the meaning and application of a state's right to self-defence.Continue...Read More

"I would say that particularly for women, you're absolutely right, they will bear the brunt of looking for the food, looking for the firewood, looking for the place to migrateContinue...Read More

In the next downturn (which may have started last week, yee-haw), the world's central banks will face a bit of poetic justice: To keep their previous policy mistakes from blowing up the world in 2008, they cut interest rates to historically - some would say unnaturally low levels, which doesn't leave the usual amount of room for further cuts.Now they're faced with an even bigger threat but are...Read More

At the end of last week, gold encountered a couple of headwinds. Will they topple the yellow metal?First Gust of Wind: FedAs we predicted, the last FOMC meeting turned out to be more hawkish than expected. On January 30, we wrote:(…) the Fed has its own meeting this week. We could see a hawkish strike, especially that it will be the last Yellen’s meeting and she has nothing to lose. T...Read More

Most rebar and billet prices in the United Arab Emirates and Saudi Arabia fell this week, while the import market stayed quiet, sources told Metal Bulletin on Tuesday February 6. But strong demand for local rebar in the UAE meant that domestic prices remained firm this week. Domestic rebar The major rebar producers in the UAE announced new prices on January 16 and they have rem...Read More

Barely a week after it set another record high, the Dow just suffered its worst one-day loss in its entire history.Continue...Read More

By Steve St. AngeloUnfortunately for crypto investors "HODLING" onto Ripple, their huge gains have been wiped out in just the past few weeks. While Ripple's price surged to massive percentage gains in a short period, it came down just as fast. Unbelievably, Ripple's price surged from less than a penny in March 2017 to a peak of $2.81 on Jan 1st, 2018.Ripple's stunning price increase would ha...Read More

– Gold gains 0.6% in USD and surges 1.7% in euros and pounds– European stocks fall more than 3% at the open after sharp falls in Asia– DJIA falls 1,175 points, S&P 500 down 4.1% and Nikkei plummets 4.7%– Gold rises from $1,330 to $1,342, £942 to £960 and €1,067 to €1,085 /oz– Bitcoin crashes another 10% and has now plummeted by 70% to below $...Read More

By Frank HolmesOn the campaign trail, then-presidential candidate Donald Trump pledged to invest as much as $1 trillion in U.S. infrastructure if he were elected. Last week during his first State of the Union address, now-President Trump added half a trillion dollars more to that figure.The hefty price tag likely raised some eyebrows among Congress members, but Trump is right in aiming high to f...Read More

The markets just changed.Few understand what happened to the financial system after 2008. What happened was that the debt based financial system began to implode as debt deflation took hold. The scary thing is that it wasn't even a large amount of debt deflation.Remember the 2008 Crisis? That time when everyone thought the world was literally going to end? It's that small dip in the dotted line be...Read More

The Turkish steel mills have returned to the deep-sea scrap markets for two US cargoes, after a short break for negotiations, sources said on Tuesday February 6.A steel mill in the Izmir region booked a US cargo on February 6, comprising 15,000 tonnes of HMS 1&2 (80:20) at $343 per tonne, 20,000 tonnes of shredded at $348 per tonne and 5,000...Read More

Monday's monster stock selloff is exhibit A for why I frequently recommend a 10 percent weighting in gold, with 5 percent in bullion and jewelry, the other 5 percent in high-quality gold stocks, mutual funds and ETFs.What began on Friday after the positive wage growth report extended into Monday, with all major averages dipping into negative territory for the year. The Dow Jones Industrial Average...Read More

February 6th, 2018,Vancouver, B.C. - Northern Vertex Mining Corp. (TSX.V: NEE)(OTC Nasdaq Intl.: NHVCF)(the "Company" or "Northern Vertex") is pleased to announce that it has commenced stacking ore on the newly completed leach pad at the Moss mine. Approximately 7,800 tons of ore have been stacked to date, and production is ramping up towards an initial stacking rate of 2,500 tpd. All of the cru...Read More

Gold is all the rage right now. And some apparently think that if you aren’t outright ‘bullish’ you are unaware or unintelligent.Those who ply the trade for a living (i.e. advisors, investors, traders, writers) all seem to be on the same page. Even fundamentalists and technical analysts are teammates. Sort of.The U.S. dollar is in the headlines, so naturally, most of the explanat...Read More

CloseGain/LossGold $1321.70-$14.60Silver$16.60-$0.10XAU82.10-1.17%HUI181.87-2.12%GDM620.26-2.27%JSE Gold1193.12-7.05USD89.71+0.11Euro123.77-0.15Yen91.34-0.03Oil$63.39-$0.7610-Year2.802%+0.071T-Bond145.625-0.0625Dow24912.77+2.33%Nasdaq7115.88+2.13%S&P2695.14+1.74% The Metals: Gold gained $9.70 to $1346.00 in early Asian trade and held most of those gains into London, but it then fell back o...Read More

The markets just changed.Few understand what happened to the financial system after 2008. What happened was that the debt based financial system began to implode as debt deflation took hold. The scary thing is that it wasn't even a large amount of debt deflation.Remember the 2008 Crisis? That time when everyone thought the world was literally going to end? It's that small dip in the dotted line be...Read More