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
China's domestic spot battery-grade lithium compound prices tumbled week on week on Thursday November 7 after producers cut their offers to stimulate downstream buying, while the European and US carbonate price fell by $0.50 per kg after buyers faced little resistance to lower bids amid a well-supplied market. Chinese producers reduced offer prices for battery-grade lithium carbonate to combat slo...Read More
It's crazy out there.And what's truly frightening: We all know it's crazy out there, but few people seem to be doing anything about it.Earlier this week, billionaire hedge fund manager Ray Dalio published a blog where he argues an excess of free money, enormous government deficits, and excessive social liabilities have set the world up for a "big paradigm shift." Dalio concludes, "The system of ma...Read More
The majority of steel import prices in South America fell slightly during the week ended Friday November 8, because the region had not yet caught up with the recent Chinese upturn and the latest deals had been settled at lower levels.Fastmarkets' most recent price assessment for steel hot-rolled coil, import, cfr main ports South America, was $450-470 per tonne on Friday, falling from $455-475 per...Read More
Indian producers of hot-rolled coil increased their export prices for the commodity by $10-15 per tonne in the week ended Friday November 8, with some mills claiming to have their order books full for the current calendar year.The price of steel HRC (commodity), export, fob main port India, was assessed by Fastmarkets at $415-425 per tonne on Friday, an increase of $10-15 per tonne compared with l...Read More
Turkish prices for hot-dipped galvanized coil (HDG), and color-coated coil or pre-painted galvanized iron (PPGI), increased in the week to Friday November 8, despite demand remaining weak, sources told Fastmarkets.The rise in raw materials prices is the reason for the higher steel prices, they added.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cf...Read More
Domestic rebar prices in Poland have been largely stable over the past seven days, but mills expect to increase their offer prices next week in response to rising scrap costs, sources told Fastmarkets on Friday November 8.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland, was 1,950-1,970 zloty ($506-511) per tonne on November 8, compared with 1,950-1,970...Read More
Restrictions on international trade may lead to a further decline in the volumes of steel exports from Turkey to the EU, with the country's exports to the United States already near zero, according to Ugur Dalbeler, chief executive officer of Turkish steelmaker ??olakoglu Metalurji.Dalbeler is also a member of the board of directors of the Turkish Iron & Steel Producers' Association (T???oeD). He...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 344,59164,76398,524181,688498,826624,803662,113 Change from Prior Reporting Period 9,1685,85533,1194,69120,61346,97859,587 Traders 20283815755290196 Small Speculators LongShortOpen Interest 65,37828,068690,181 -239-12,84846,739 non reportable positionsCha...Read More
The US stock markets have surged to all-time-record highs, fueled by extreme Fed easing. It jawboned about rate cutting, slashed rates, and birthed a new large-scale Treasury monetization campaign! All this has left traders hyper-complacent, assuming the upside will continue indefinitely. But are these lofty stock levels fundamentally-justified? The big US stocks' just-reported Q3'19 r...Read More
By: Ira EpsteinGold - how far low can it go?Read More
Typical gold and silver price movement after Diwali. Gold and silver have always formed short term peak around Diwali. Irrespective of the news, history has repeated itself. I will prefer to use sharp dips to invest for next year. Long term investment is good at current price. Short term investors and very short term traders need to remain on the sidelines. Physical demand and investment demand...Read More
Salzgitter expects a significant decrease in its earnings for the first nine months of 2019, the German steelmaker said.It forecasts preliminary earnings before taxes at ?,?40.7 million ($45.01 million) for the first nine months of 2019, down by 85.7% from ?,?284.6 million in the corresponding period of 2018.Sales outside the group declined down by 4.55% to ?,?6.6 billion in January-September 2019...Read More
Holding back no punches at this year's New Orleans Investment conference, Doug Casey of Casey Research blasted the Federal Reserve for cutting interest three times in four months.Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider...Read More
Erik Townsend and Patrick Ceresna welcome Keith McCullough to MacroVoices. They discuss the macro themes of the last quarter of 2019, what is next for the Chinese economy, long short pairs trade in software industry and moreMr. Keith R. McCullough is the Founder and CEO of Hedgeye Risk Management LLC. He covers the strategy sector at the firm. Prior to founding the firm, Mr. McCullough was a Partn...Read More
Axel Merk is the Founder, President, Portfolio Manager, and CIO at Merk Investments LLC. He is an expert on qualitative research and macroeconomic trends. Mr. Merk is also an expert on macro trends, hard money, international investing, and on building sustainable wealth, and he is a pioneer in the use of strategic currency investing to seek diversification. He is a speaker and author on topics ran...Read More
"We are removing any and all mentions of the potential whistleblower's name and will revisit this decision should their name be widely published in the media or used by public figures in debate.Continue...Read More
Central banking can only exist at the expense of Liberty. The longer that it exists, the more Liberty it destroys. Ultimately, one of the two must give.Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution: A Manifesto and End The Fed. An unwavering defender o...Read More
As we approach a critical time in the markets, it's important to ask how the megaphone pattern is being affected. Harry Dent warns of higher highs and lower lows while noting that now is the optimum time to lighten up, sell or hedge your stocks with put options.Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent...Read More
Eric Sprott discusses this week's downturn in precious metal prices while also providing his perspective on several mining companies which have recently reported quarterly earnings.Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securit...Read More
Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she was recruited to work for an intern...Read More