- Keith Weiner, Monetary MetalsLet's start with Frederic Bastiat's 170-year old parable of the broken window. A shopkeeper has a broken window. The shopkeeper is, of course, upset at the loss of six francs (0.06oz gold, or about $75). Bastiat discusses a then-popular facile argument: the glass guy is making money (to which all we can say is, "plus ?a change, plus c'est la m?me chose"). Basti...Read More

- SRSrocco What happens to the gold price this week will likely set the trend for the foreseeable future. While many precious metals investors disregard technical analysis and key chart formations, you can bet your bottom dollar that large traders and institutions are watching the price action of the yellow metal quite carefully. And if you think that these large traders and institutions...Read More

By: Ira EpsteinUS Dollar took a beating, FOMC leaning on cutting interest rates. One of the board members wants a 50bps cut already. If China and US get together at the G20 then things can change:Read More

Here are three numbers to jot down to get an accurate and potentially useful 'read' on the aging bull market: 27,436, 28,738 and 33,161. These are 'Hidden Pivot' resistance targets for the Dow Industrials, and any one of them could stop the bull in its tracks. Each is a good place to attempt getting short with a tight stop-loss, but if the stop gets pulped, assume that the next-higher target...Read More

The Turkish domestic scrap prices continued to weaken over the past week in line with falling imported scrap values, sources told Fastmarkets on Monday June 24.Several steel producers in Turkey have reduced their buy prices for local auto bundle scrap by around TRY30-85 ($5-15) per tonne over the past seven days.Long and flat steel mill ??olakoglu cut its buy price for auto bundle scrap to TRY1,83...Read More

If you buy gold in US dollars, you're in luck, because whether you realize it or not, you have made a killing against almost every other currency in the world. It may be hard to believe with gold about 25% below its all-time US-dollar high, but 72 different countries have seen gold hit an all-time high in their currencies this year. Like in Canada. Live north of the United States border, and this...Read More

Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More

You've been listening to John Rubino and myself talk about this inevitable event for over 7 years. Now here it is. Sometimes inevitability takes longer to happen than others. But that now that it has, where do we go from here? $1500, 2000, 2500 gold. Silver $50, 75, 150. The skies the limit baby, so get ready now. It's happening!John Rubino is the founder and manager of the popular financial websi...Read More

The Fed has already accomplished more with its verbiage so far this year than it had in the past when it cut rates multiple times, all the way down to near-zero, and did trillions of dollars of QE. And we're seeing the first results.Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds...Read More

Chris Hedges is a Truthdig columnist, a Pulitzer Prize-winning journalist, a New York Times best-selling author, a professor in the college degree program offeredContinue...Read More

It's been a pretty good couple of months for precious metals, but more so for gold than silver. Both are up but gold is up more, and the imbalance that this creates Continue...Read More

At long last the gold bull market has resumed. With gusto! After breaking through the so-called $1363 resistance point, how much longer will $1500 take? Probably by the end of the year at the latest. Crypto's have gone full blown exponential. Where do they stop? And Trump, can you spell re-elect 2020. But there's plenty of challenges out there, not the least of which is exploding global debt. No o...Read More

President Trump did the smart thing last week by calling off a US airstrike on Iran over the downing of an American spy drone near or within Iranian territorial waters. According to press reports, the president over-ruled virtually all his top advisors - Bolton, Pompeo, and Haspel - who all wanted another undeclared and unauthorized US war in the Middle East.Is Iran really the aggressive one? When...Read More

Bitcoin rose above $11,000 on Monday scoring its highest level since March 5, 2018. Continue...Read More

The NBA has moved away from the term "owner" because it's too insensitive to black players, according to the NBA Commissioner Continue...Read More

CIS export slab prices slumped in the week to Monday June 24 pressured by increased competition from Brazilian suppliers as well as by the slowdown of activity in the finished steel end-user market. A cargo of Ukrainian slab was sold to Italy at $430 per tonne cfr, equivalent to around $410 per tonnes fob Black Sea. Meanwhile, Russia-origin slab was booked in Turkey at $430-435 per tonne cfr, or $...Read More

There was an uptick in import prices for steel slab in Asia over the past week after buyers in Southeast Asia returned to the market to book cargoes, while market participants in East Asia were optimistic that downstream flat steel prices had bottomed out.In Southeast Asia, two shipments of slab produced in the Commonwealth of Independent States (CIS) were booked at $440-455 per tonne cfr during t...Read More

China's rebar market regained some upward momentum on Monday June 24 amid fresh production cuts in the country's steelmaking hub of Tangshan. Domestic Eastern China (Shanghai): 3,900-3,950 yuan ($568-575) per tonne, up 70-80 yuan per tonneNorthern China (Beijing): 3,730-3,770 yuan per tonne, up 40-50 yuan per tonneAll steelmakers in Tangshan have been instructed to lower their production by at lea...Read More

Bob Moriarty of 321 Gold looks at the latest moves of this company with projects in Nevada, Utah and Idaho. The nice thing about having been visiting hundreds of projects in almost two decades is that I find myself talking about properties I know quite well but are now under new management.Liberty Gold Corp. (LGD:TSX) used to be named Pilot Gold. As a pilot, I thought that was a wonderful name. T...Read More

Bob Moriarty of 321gold urges caution as the gold bulls revive. Gold bulls are coming out of hibernation, with even billionaires talking about how much they like gold. That tends to happen just before a correction. The gold bulls get frothy around the mouth; speculators pour money into gold contracts just in time to get whacked once more so they can whine about how gold and silver are manipulated...Read More