By Craig HemkeAfter gaining nearly 14% in 2017 and posting its best annual gain since 2010, COMEX gold looks poised to move higher this year and finally break out in its renewed bull market. A number of factors have played a role in gold's rise from the bear market lows of December 2015. Among these are: o a generally falling USDJPY and Dollar Index o continually low global interest rates o lack...Read More

Libertarians want to shrink the government, but a shutdown is little cause for celebration. Hitting a giant "pause" buttonContinue...Read More

By Avi GilburtThere is no real secret to the market. In fact, it is rather simple. But, that does not mean the specific smaller degree moves in the market will be just as simple.You see, markets are no different wherever you look. Whether that be metals, equities, Forex, crypto-currencies, etc, they all react in the exact same way. Markets simply move from one extreme to another. And, we need to...Read More

Export prices for Southern European rebar have gone unchanged week-on-week amid continued low market activity, sources told Metal Bulletin on Wednesday January 31.Metal Bulletin's weekly export price assessment for Southern European rebar was ?,?490-505 ($607-626) per tonne fob main ports on Wednesday."There is little activity but we cannot rush into the market and drop prices immediately. The bes...Read More

"Tonight, President Trump said the word 'America' more than 80 times in his speech. Yet, after a divisive first year, we hear and feel how exclusionary that 'America' is, with"Continue...Read More

Towards the end of financial bubbles, people who previously paid little attention to things like "quality" start trying to figure out what they actually own. The result is either funny or terrifying, depending on the point of view. This time around bonds are (finally) getting a closer look. From today's Wall Street Journal:Decade of Easy Cash Turns Bond Market Upside DownDebt deals set records f...Read More

Thebearish case for gold continues as fresh new bearish confirmations have justemerged. You have already read about gold’shuge weekly volume, gold stocks’ underperformance and many otherfactors. Yesterday’s session provides us with even more bearish details. But,there’s one thing that looks promising for gold bulls – the possibility of abig and sharp decline in the st...Read More

David Stockman on "After the Bell" (Fox Business Network, Jan. 31, 2018)David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the...Read More

The bearish case for gold continues as fresh new bearish confirmations have just emerged. You have already read about gold's huge weekly volume, gold stocks' underperformance and many other factors. Yesterday's session provides us with even more bearish details. But, there's one thing that looks promising for gold bulls - the possibility of a big and sharp decline in the stock market. Some expec...Read More

Billet import volumes into Turkey have fallen over the past three years, with the producers opting to buy scrap because the price margin between these two products has widened since the second half of 2016, making scrap imports more profitable.In 2015, Turkey imported 7.85 million tonnes of steel billet, while scrap imports totaled 16.25 million tonnes in the same year, according to the Turkish St...Read More

Part 1 (part 2 below)Part 2Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook)....Read More

The single most important bond in the world is the US 10-Year Treasury bond.According to modern financial theory, this bond, with a duration that is meant to cover a full economic cycle, is generally considered the "risk free" rate of the return for the entire financial system. Corporate debt, mortgage rates, auto loans, even stock dividends are all perceived in terms of their value/risk relative...Read More

- FBI warns of attacks in US after similar crimes in Taiwan, Thailand and Europe- Hackers have stolen c.$1 million from ATMs across the US warns U.S. Secret Service- Target Diebold Nixdorf machines - #1 global ATM provider, 35% of ATMs worldwide- Digital deposits increasingly vulnerable - Time to save in physical goldEditor: Mark O'ByrneSource: TechViral.net$1 million has been stolen from AT...Read More

Towards the end of financial bubbles, people who previously paid little attention to things like "quality" start trying to figure out what they actually own. Continue...Read More

Turkish steel producers went quiet again on Wednesday January 31 but still expected to book more cargoes for March, according to sources.Market participants expected the Turkish buyers to show some buying interest through to the end of the week."The Turks need to buy more scrap for March. I think they will be back in the...Read More

The single most important bond in the world is the US 10-Year Treasury bond.According to modern financial theory, this bond, with a duration that is meant to cover a full economic cycle, is generally considered the "risk free" rate of the return for the entire financial system. Corporate debt, mortgage rates, auto loans, even stock dividends are all perceived in terms of their value/risk relative...Read More

Trump is a joker. It is better to ignore his state of the Union address and focus on economic fundamentals and central bank excesses. The US January ADP employment number will impact currencies and precious metals only if it is on the extreme higher/lower side of expectation. Physical demand for gold and silver will be the key. There will be a sell off if there is no physical demand for gold sil...Read More

We also mentioned a few days ago when gold was testing key resistance that traders should expect a correction in gold and mining stocks. This week we already locked in a quick 11% profit with DUST inverse ETF for gold miners - and there is likely more selling to come!Monday and Tuesday this week showed panic selling among investors as they dumped huge amounts of shares on the New York Stock Exchan...Read More

CloseGain/LossGold $1345.70+$8.90Silver$17.33+$0.22XAU87.66+1.27%HUI196.44+1.24%GDM663.10+1.04%JSE Gold1245.08+5.68USD89.10-0.13Euro124.13+0.16Yen91.70-0.27Oil$64.73+$0.2310-Year2.720%-0.004T-Bond147.78125+0.40625Dow26149.39+0.28%Nasdaq7411.48+0.12%S&P2823.81+0.05% The Metals: Gold gained $8.30 to $1345.10 by midmorning in New York before it dropped back to $1334.10 after this afternoon's...Read More

The single most important bond in the world is the US 10-Year Treasury bond.According to modern financial theory, this bond, with a duration that is meant to cover a full economic cycle, is generally considered the "risk free" rate of the return for the entire financial system. Corporate debt, mortgage rates, auto loans, even stock dividends are all perceived in terms of their value/risk relative...Read More