Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More

The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More

Talks of reducing some of the tariffs imposed on Chinese goods back in September are reportedly in the works Stock futures are once again pointing to all-time highs today, with Dow futures more than 70 points above fair value amid reports the U.S. may roll back some of the $125 billion in tariffs on Chinese goods enacted in September. This fresh optimism on U.S.-China relations comes just ahead of...Read More

The brokerage firm also boosted its rating on FB stockFacebook, Inc. (NASDAQ:FB) shares are trading modestly higher ahead of the bell, after Daiwa Securities upgraded the FAANG stock to "outperform" from "buy." What's more, the brokerage firm's $250 FB price target represents expected upside of 28% to last night's close at $194.72.Most analysts are already bullish on FB stock, with 29 of 33 in cov...Read More

Recently, the US stock market rallied to new all-time highs which prompted an almost immediate celebration.  A day later, the US stock markets reacted by setting up multiple top rotation patterns.  The next day, a moderate price rally set up after the US Fed decreased rates by 25 basis points.  The next day, the markets sold off dramatically with heavier volume – prompting the...Read More

Transport fund IYT tends to outperform during the month of NovemberAt one point last week, the Dow Jones Transportation Average (DJT) was sitting on an October gain of more than 4%, as the outperformance of the transportation sector had sparked optimism among "Dow Theory" followers. However, a mid-week round of discouraging earnings reports from the sector effectively rained on the transport index...Read More

A summary of base metals premiums from across the globe for the week to Tuesday November 5.Please click...Read More

The gold miners’ stockshave surged in 2019, blasting higher after gold’s first bull-market breakout seenin several years.  That powerful summer rallyleft them really overbought, necessitating a correction to rebalance exuberantsentiment.  That grinding consolidationlower has set them up nicely for their winter rally, this sector’sseasonally-strongest time of the year.&n...Read More

The 1960s and 70s were decades of incredible social upheaval. Fed up with wars, governments out of touch with their ideals, authority figures who didn’t get them, the “flower children” of the '60s took to the streets to demand equal rights for women, civil liberties for black Americans, an end to President Johnson and Nixon’s Vietnam quagmire - all fueled by a powerful new...Read More

Prices for ferrous scrap in Mexico increased slightly in the northern steelmaking region of Monterrey in the week to Tuesday November 5, while prices were flat in the central steelmaking region of Bajio.Market participants are more optimistic about prices, with indications that scrap prices in the United States could see a modest recovery in November.In Monterrey, word circulated that at least one...Read More

Yesterday, that was already the third time this yearwhen the Fed cut interest rates. In response, the price of gold erased earlierlosses. That sounds a bit fishy. What is going on? Fed LowersInterest Rates by 25 Basis PointsYesterday, the FOMC publishedthe monetary policy statement from itslatest meeting that took place on October 29-30th. In linewith expectations, the U.S. central bank cut the fe...Read More

In a September report, the World Gold Council (WGC) pointed out that some investors are underexposed to gold. The gist of the study is that investors may assume they have adequate exposure to gold because they're invested in a fund that tracks a broad-based commodity index. The problem with this assumption is that most major commodity indices have a relatively small weighting in gold, and so the...Read More

Demand for flat steel products in Turkey remained weak in October because of the decline in global prices, market participants told Fastmarkets on Tuesday, November 5.Nonetheless, they added that local producers have now filled their order books until late December.Local demand was already weak in Turkey in September, and political uncertainty in October led to a further fall in&nbs...Read More

Keith Weiner, Monetary MetalsNot too long ago, we wrote about the so called Modern Monetary so called Theory (MMT). It is not modern, and it is not a theory. We called it a cargo cult. You'd think that everyone would know that donning fake headphones made of coconut shells, and waving tiki torches will not summon airplanes loaded with cargo. At least the people who believe in this have the excu...Read More

- Stefan GleasonAs investors reset their clocks to accord with the end of Daylight Savings Time, they may also need to reset their expectations for future returns. A strong body of research suggests that artificially changing the time twice a year - forward, then backward an hour - does more harm than good. It leads to sleep disruptions, heightened stress, missed appointments, wasted time (...Read More

By: Ira EpsteinGold support around $1480 area if it were to breakdown. Gold fighting resistance with overbought market, serious resistance..Read More

Doyou know what mining companies did yesterday? They verified a major breakdown,confirming the extremely bearish outlook for the following months. What? Theminers rallied? Oh, you mean the senior mining stocks (HUI, GDX…) – then yes,they moved a bit higher. But the junior miners (TorontoStock Exchange Venture Index) just declined after confirmingbreakdown below the very important risi...Read More

Turkish steel mills stepped back from the deep-sea markets on Tuesday November 5, following the purchase of several cargoes the previous day, sources told Fastmarkets.Yesterday, three newly booked cargoes - two of US origin and one of Baltic Sea origin - ended a week-long hiatus since the previous booking. All three bookings were of similar composition and pricing, with HMS 1&2...Read More

A case can be made that silver's current price “stability” –believed by many to be well below where it "should" be – is theresult of at least three interlocking factors.There are certainly other considerations, but the following seemespecially relevant today…Our chosen metaphor is the three-legged stool. Take one legaway, and the stool topples. In the case...Read More

The gold bull run of 2019 peaked early September at $1566, up over 25% on the year! Which will likely have encouraged many prominent gold bugs to get carried away with various headlines of Gold heading for $5000, $10,000 and beyond. However, since it's peak the Gold price has been drifting lower at a shallow pace to it's last closing price of $1491, still up over 19% on the year.So is this a corre...Read More

It’s no secret to you that I am still more bearish on gold thanbullish. And it’s no secret to me that a lot ofour subscribers still like gold and feel that it is still a safe haven and a good store ofvalue long term.Despite having argued that gold was oneof the largest bubbles and a part of the larger 30-Year Commodity Cycle bubbleand crash, I’ve also noted that bo...Read More

Here are five Fastmarkets MB stories you might have missed on Tuesday November 5 that are worth another look.Most major aluminium producers agree that tackling the carbon intensity of the smelting process is one of the biggest challenges facing their industry.Chinese re-rollers' interest in imported billet has waned in recent weeks following a surge in prices in the major global markets, sources t...Read More