By Graham Summers The market is now officially in the largest bubble relative to the economy in history. Warren Buffett once famously stated that his favorite means of valuing stock was the stock market capitalization to GDP ratio. This was the very metric he used when he decided to avoid investing during the Tech Bubble. Bill King of The King Report notes that based on this metric, stocks ar...Read More

In a recent newsletter John Mauldin wrote: "It is monetary policy madness to raise rates and undertake quantitative tightening at the same time." However, this is exactly what the Fed plans to do in 2018. Has the Fed gone mad?If mad is defined as diverging in an irrational way from normal practice then the answer to the above question is no. The Fed is following the same rule book it has always...Read More

Import prices for rebar in Singapore have increased following end-users' return to the spot market after the year-end holiday season.Metal Bulletin's price assessment for Southeast Asian rebar imports - which mainly looks at cargoes sold into Singapore on a theoretical weight basis - was $570-580 per tonne cfr for the week to Monday January 8, up $10-15 per tonne from the previous week. Bids had i...Read More

By JP Koninghttps://www.bullionstar.com/People who live in developed nations have grown used to inflation of around 2% a year over the last few decades. Why do prices generally rise by that amount? What drives the purchasing power of money in these countries? Why can't prices stay constant year-over-year rather than increasing?To help answer some of these questions, let's go far back in time. We...Read More

Source: Michael J. Ballanger for Streetwise Reports 01/05/2018 Precious metals expert Michael Ballanger likes what he sees for gold in 2018's first week of trading. -->While the moniker for this missive is "Gold and Gold Miners," I just sit back in absolute AWE as the global equity investors (otherwise known as "Stock jockeys") have decided that "cash is TRASH!" and despite a massive "miss"...Read More

Turkish steel mills returned to the deep-sea scrap markets willing to pay higher prices on Monday January 8.Metal Bulletin's daily index for Northern European HMS 1&2 (80:20) closed the day at $368.20 per tonne cfr, up by $6.58 per tonne.The daily index for US-origin scrap closed at $378.85 per tonne cfr. Up by $9.34 per tonne, putting the premium for US material...Read More

"Employees who expressed views deviating from the majority view at Google on political subjects raised in the workplace and relevant to Google's employmentContinue...Read More

- Gold currently undervalued- Since 2000, the gold price has beaten the S&P 500 Index- A 'a once-in-a-decade opportunity' as gold-to-S&P 500 ratio is at its lowest point in 10 years.- Reached 'peak gold' as exploration budgets continue to tighten- $80 trillion sits in global equities, a 'ticking time bomb'- Gold remains an appealing diversifier in the current environment of high valuations and...Read More

Russiagate originated in a conspiracy between the military/security complex, the Clinton-controlled Democratic National Committee, and the Continue...Read More

Continue...Egon von Greyerz is founder and Managing Partner of Matterhorn Asset Management AG & GoldSwitzerland. Since the 1990s Egon von Greyerz has been actively involved with financial investment activities including mergers and acquisitions and asset allocation consultancy for private family funds. This led to the creation of Matterhorn Asset Management, an asset management company based on we...Read More

Turkish domestic scrap prices increased in line with rising imported scrap values on Monday January 8.The majority of Turkish steel producers raised their auto bundle (DKP grade) scrap purchasing prices over the past week.Alloy long steel mill Asil ??elik raised its buy price to TRY1,370 ($366) per tonne delivered, while long and flat steel producer ??olakoglu increased its price to TRY1,340...Read More

Iron ore prices jumped to almost $78 per tonne cfr China on Monday January 8 as the futures market gained strength.Metal Bulletin's 62% Fe Iron Ore Index Today: $77.74 per tonne cfr QingdaoDaily change: up by $0.94 per tonneMonth-to-date average: $76.15 per tonneMetal Bulletin's 58% Fe Premium Index Today: $62.58 per tonne cfr QingdaoDaily...Read More

Import prices for steel billet in Southeast Asia nudged up slightly as trading activity picked up after the end-of-year lull in trading activity.Metal Bulletin's weekly assessment for billet imports in Southeast Asia was $535-545 per tonne cfr on Monday January 8, up $5 per tonne from $530-540.China-origin billet was being offered at $520-530 fob China to Asian import markets, with buyer...Read More

The other shoe to drop? The next big move? Up or down?Gold’s reign as the “next big thing” ended seven years ago. Too many people don’t want to admit that, but its true. Those who are ‘bullish’ on gold cannot let go.Their behavior is typical of those who have missed the boat. And they don’t want to admit it, or believe it. And their problem is compounded b...Read More

China's ferrous futures prices turned around to surge late in the afternoon on Monday, January 8 after the country's officials declared stricter steel capacity replacement criteria to be implemented from this year.The production facilities that will be allowed to have capacity replaced will only include those recorded in capacity replacement plans approved by local or central governments...Read More

The market is now officially in the largest bubble relative to the economy in history.Warren Buffett once famously stated that his favorite means of valuing stocks was the stock market capitalization to GDP ratio. This was the very metric he used when he decided to avoid investing during the Tech Bubble.Bill King of The King Report notes that based on this metric, stocks are now valued at 144.15%...Read More

The market is now officially in the largest bubble relative to the economy in history.Warren Buffett once famously stated that his favorite means of valuing stocks was the stock market capitalization to GDP ratio. This was the very metric he used when he decided to avoid investing during the Tech Bubble.Bill King of The King Report notes that based on this metric, stocks are now valued at 144.15%...Read More

Gold is up nine of the last 12 Januaries with an average gain of over 4%, and the trend has continued in 2018 with gold reaching an intraday high of $1,327 so far this year. From December 19 of last year, gold rose 10 trading days in a row. Is this another rally destined to disappoint investors or the resumption of the gold bull market?To make a reliable bullish case, gold must first break decisiv...Read More

The market is now officially in the largest bubble relative to the economy in history.Warren Buffett once famously stated that his favorite means of valuing stocks was the stock market capitalization to GDP ratio. This was the very metric he used when he decided to avoid investing during the Tech Bubble.Bill King of The King Report notes that based on this metric, stocks are now valued at 144.15%...Read More

The price of gold and gold mining stocks were very competitive in 2017. The yellow metal ended the year up a little more than 13 percent-its best year since 2010-while gold stocks, as measured by the NYSE Arca Gold Miners Index, gained more than 11 percent. All of this occurred even as large-cap stocks regularly closed at all-time highs and cryptocurrencies invited massive speculation.We can thank...Read More