The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products.Latest transactions: rebarRebar Saudi Arabia, export, rebar, offered at $540 per tonne cfr on theoretical weight basis, to the UAE....Read More
CloseGain/LossGold $1226.40-$4.10Silver$14.52-$0.12XAU66.31-1.24%HUI147.83-1.33%GDM541.35-0.52%JSE Gold1137.32-24.70USD96.28-0.06Euro114.16+0.05Yen88.23-0.18Oil$62.21-$0.8910-Year3.219%+0.018T-Bond137.28125-0.28125Dow25635.01+0.68%Nasdaq7375.96+0.64%S&P2755.45+0.63% The Metals: Gold gained $5.40 to $1235.90 in London before it fell to as low as $1223.60 in early afternoon...Read More
How did that "exhaustive" investigation of the silver market by the U.S. Commodities Futures Trading Commission miss this? How will the World Gold Council and most monetary metals mining companies continue to miss it? How many more anti-trust lawsuits will this prompt? Anybody seen Blythe Masters lately?* * *Former JP Morgan Trader Pleads Guilty to Manipulating U.S. Metals Markets for Years By H...Read More
By Craig HemkeIt has been an odd and frustrating year for COMEX Digital Gold and Silver. However, conditions exist that could drive prices back to unchanged or even slightly positive by year end. Let's begin by noting why and how this year got sideways on us. We were on the record stating that COMEX gold would break out of its 5-year "bowl" pattern by late 2018. Why did we think this? See the ch...Read More
By Ira EpsteinAfter the election results we get the FOMC and then opportunity?https://www.iraepstein.com/ Read More
Graceland Updates By Stewart Thomson 1. US elections are here! 2. Please click here now. Double-click to enlarge this big picture chart for gold. 3. From both a technical and fundamental perspective, gold looks solid. 4. This chart suggests that whatever happens in the US election, it's going to be positive for gold.5. One of my biggest predictions for the...Read More
By Stefan GleasonGold is the metal of kings, the ultimate money, an eternal store of value, an untarnishable embodiment of beauty. Gold is all those things. But it is not the most valuable metal you can own on a cost-per-ounce basis.Often, platinum commands a higher price than gold. Lately, platinum has traded at an abnormally large discount to the yellow metal.Metals investors who want to hold...Read More
Today, Americans are choosing new members of Congress. Will there be a blue wave? Or maybe red? Some people say that hot economy will help Republicans - is that true? Let's read out today's article about the latest US nonfarm payrolls and find out how could they affect the mid-term elections and the gold market. Hourly Earnings Jump Above 3 Percent U.S. nonfarm payrolls accelerated in Octob...Read More
CARACAS (Reuters) - Venezuela is seeking to repatriate about $550 million in gold bars from the Bank of England because of fears it could be caught up in international sanctions on the country, two sources with direct knowledge of the effort told Reuters.Source: ZeroHedgeVenezuela's hard currency holdings have dwindled as existing U.S. financial sanctions have effectively blocked President Nicol...Read More
COMEX FUTURES REPORT - Happy Kali PujaGold and silver should break free from the recent consolidation phase and form a new range. Copper and crude oil will be very volatile. I prefer to stay away from intraday trades in crude oil. No one knows what will be the effect on crude prices due to Iran sanctions. Risk traders should invest in crude oil for the year end with a stop loss below $58.30. T...Read More
China's domestic rebar prices kept their downward trend on Tuesday November 6 following the sharp decrease in futures. Domestic Eastern China (Shanghai): 4,590-4,640 yuan ($663-671) per tonne, down 20-40 yuan per tonneNorthern China (Beijing): 4,420-4,460 yuan per tonne, down 20-30 yuan per tonneRebar futures dropped sharply in early trading hours on Tuesday after the steelmaking hub of Tangshan r...Read More
FRANKFURT (Reuters) - Prosecutors searched the Munich offices of BlackRock (BLK.N) on Tuesday, a person with knowledge of the matter said, as part of the country’s largest post-war fraud investigation.The practice being investigated, known as cum-ex, typically involved trading company shares rapidly around a syndicate of banks, investors and hedge funds to create the impression of numerous o...Read More
LONDON (Reuters) - Britain’s information watchdog has asked Facebook’s lead European regulator to investigate how the company targets, monitors and shows adverts to users, saying it was concerned about some practices at the world’s biggest social network.Britain’s Information Commissioner has been investigating the use of data analytics to influence politics after consultan...Read More
(Reuters) - Wells Fargo & Co (WFC.N) said on Tuesday an internal underwriting error had caused it to reject home loan modifications, resulting in the bank foreclosing more homes than expected.The bank said in a filing with regulators that an expanded review found that 870 customers were incorrectly denied mortgage changes, leading to 545 of them losing their homes.This comes after the bank in...Read More
Mike Maloney, monetary historian and founder of GoldSilver.com, has just released two new chapters of his excellent Hidden Secrets Of Money video series. In producing the series, Maloney has reviewed several thousand years of monetary history and has observed that government intervention and mismanagement - such as is now rampant across the world - has always resulted in the diminishment and event...Read More
If the Democrats take over the House of Representatives, a lot of the Trump agenda will stall. The Trump-mania in the economy then could halt, leading to Dollar weakness, and rising precious metals. Craig Hemke joins Silver Doctors to discuss. Hemke, also known as Turd Ferguson, says the stock market's road ahead will likely not be bright. Since the presidential election, the Dow is up more than 7...Read More
The Turkish steel mills have resumed their deep-sea scrap purchases for December deliveries with prices remaining strong in the latest transaction, sources said on Tuesday November 6.A steel mill in the Marmara region booked a European cargo late on November 5, comprising 20,000 tonnes of HMS 1&2 (75:25), 10,000 tonnes of shredded and 10,000 tonnes of a mixture of HMS 1 and plate and structural sc...Read More
When it comes to government incompetence, few places can match New York's. Corrupt labor laws, rapacious unions and bought and paid for politicians have led the CIty and State into a death spiral. It's just one of many cities and states facing the burden of retiree pension and healthcare benefits. It's underwater to the tune of $150 billion and counting. Get ready for the next meltdown. John Rubi...Read More
BELFAST (Reuters) - The United Kingdom is heading toward leaving the European Union without a divorce deal, a senior member of the Northern Irish party which props up Prime Minister Theresa May’s government said on Tuesday.With less than five months until Britain is due to exit the EU, May has yet to clinch a divorce deal, with negotiators stuck on the so-called “backstop” arrang...Read More
Encryption and other forms of electronic protection are vital security measures that protect private, commercial and Government data and make the communications and devices of Continue...Read More