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

- Stewart Thomson, Graceland Updates 1. Top US politicians describe the US economy as the "mightiest of all time". 2. Please click here now. Houston, we have a problem! The next tariff tax deadline is now only about three weeks away. 3. While Trump's diehard fans may want him to hike these taxes again if China doesn't "play ball", massive FOREX liquidity fl...Read More

By: Ira EpsteinGold formally ended a downtrend phase. $1,456.60 is swingline support short-term..Read More

Over 90% of copper scrap products currently allowed into China could be eligible for renaming as recyclable copper raw materials next year, a senior representative of China Nonferrous Metals Industry Association's (CMRA) recycling metal branch told delegates at Asia Copper Week in Shanghai.Wang Ji-Wei, Secretary General of CMRA, said he is optimistic that the vast majority of current copper scrap...Read More

Improved sentiment has taken hold in the European hot-rolled coil market, but so far domestic prices have recovered only in Italy while those in the the North of the region remain largely unchanged, sources told Fastmarkets on Wednesday November 20.Fastmarkets' weekly price assessment for steel HRC, domestic, exw Northern Europe, was ?,?420-425 ($465-471) per tonne on November 20, unchanged over t...Read More

Steelmaking in electric arc furnaces (EAF) is already a good example of a waste-free circular economy since more than half of global steel output is being recycled, even if higher-quality materials are still produced from virgin materials and fossil-fueled processes, the president of the European Steel Technology Platform (ESTEP) said at a workshop in Bergamo, northern Italy last week. Carl de Mar...Read More

Iran learned a very important lesson last week.It's a lesson that Venezuela has painfully come to realize over the last 10 years.The oil you have underground is useless unless you can extract it. Until you get that resource out of the ground and into the pipeline, you might as well forget about it. So when Iran's president announced the country had suddenly found a 53 billion-barrel oil field, it...Read More

China's hot-rolled coil prices continued to climb on Wednesday November 20 amid sustained demand.DomesticEastern China (Shanghai): 3,660-3,700 yuan ($521-527) per tonne, up 10-40 yuan per tonneNorthern China (Tangshan): 3,670 yuan per tonne, up 50-60 yuan per tonneIn Shanghai, HRC was sold at 3,660-3,670 yuan per tonne in the morning, but sellers raised these in the afternoon on seeing how strong...Read More

Domestic wire rod prices in the United States have risen following mid-November increase announcements from US mills, while imported wire rod prices have widened lower.Fastmarkets' assessment for steel wire rod (low carbon) industrial quality, fob mill US rose to $29-30 per hundredweight ($580-600 per short ton) on Tuesday November 19, up by 1.7% from $28.50-29.50 per cwt in mid-October but still...Read More

Prices for hollow steel sections in Northern and Southern Europe were unchanged this week although mills continued to make higher offers, market sources told Fastmarkets on Wednesday November 20.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?560-580 ($620-642) per tonne on Wednesday, unchanged week on week."The market is on the positiv...Read More

Steel H-beam prices in Europe remained unchanged on Wednesday, November 20, despite feedstock costs continuing to rise, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?530-560 ($586-620) per tonne on November 20, unchanged week on week."Prices will remain stable until end of year, and this will support January prices,"...Read More

Turkish steel producers have continued to book deep-sea scrap for December deliveries but only at a slow pace due to the limited demand for finished long steel products, with prices holding steady, sources said on Wednesday November 20.A steel mill in the Marmara region booked a Baltic Sea cargo on November 20, comprising 25,000 tonnes of HMS 1&2 (80:20) at $261 per tonne and 5,000 tonnes of bonus...Read More

Seaborne iron ore prices saw a slight uptick on Wednesday November 20, while some market participants are bracing for production restrictions due to bad weather and heavy pollution levels in north China.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $86.33 per tonne, up $0.53 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $86.36 per tonne, up $0.53 per tonne.62% Fe low-alumin...Read More

Steelmaking in electric arc furnaces (EAF) is already a good example of a waste-free circular economy since more than half of global steel output is being recycled, even if higher-quality materials are still produced from virgin materials and fossil-fueled processes, the president of the European Steel Technology Platform (ESTEP) said at a workshop in Bergamo, northern Italy last week. Carl de Mar...Read More

The Iranian steel market was gripped by uncertainty this week after violent protests erupted across the country following a government decision to increase petrol prices. "There are lots of strikes, [many] banks [and petrol stations] have been burned down and many government buildings destroyed," one market source said adding that trading activity had been limited this week.The coun...Read More

By: Gary SavageThe bullion banks have been able to take gold down at will, dumping gold contracts usually in the pre-markets..http://blog.smartmoneytrackerpremium.com/Read More

- Stewart Thomson, Graceland Updates 1. Top US politicians describe the US economy as the "mightiest of all time". 2. Please click here now. Houston, we have a problem! The next tariff tax deadline is now only about three weeks away. 3. While Trump's diehard fans may want him to hike these taxes again if China doesn't "play ball", massive FOREX liquidity fl...Read More

By: Ira EpsteinGold formally ended a downtrend phase. $1,456.60 is swingline support short-term..Read More

Eastern China rebar prices rose sharply on Wednesday November 20 on tight supply and strong demand, factors that were expected to push up prices still further for the rest of the month. Eastern China (Shanghai): 4,080-4,120 yuan ($580-586) per tonne, up 100 yuan per tonne Northern China (Beijing): 3,760-3,790 yuan per tonne, up 20 yuan per tonne"The prices were low and sentiment was bearish i...Read More

Slides and Links: https://www.itmtrading.com/blog/criti...Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as in...Read More

Why is Mike Maloney so heavily invested in gold at this time in history? And why does he believe prices are headed substantially higher? The answer starts with a chart... As Mike and Ronnie discuss in their fourth video, this chart shows the amount of US base currency vs. the market value of US gold reserves....As you can see, the value of gold has "caught up" to the amount of the base currency tw...Read More