Links to slides and sources: https://www.itmtrading.com/blog/debt-...Charts and information on India Gold confiscation and the spot gold price in terms of Euro is in the blog link above."A far more immediate and present danger of recession occurs when after inversion, a rapid steepening occurs. That event usually informs investors the cycle is over and it is time to flee for the hills," He believe...Read More

"It's not only an outrageous attack on press freedom, but a gross abuse of power."Continue...Read More

"The extent to which this data is shared with third parties, and how those third parties use and control that information, is still unclear,"Continue...Read More

I sent a market update to Boom & Bust subscribers in our 5 Day Forecast last Monday. I explained that stocks saw their biggest correction since late 2011, which makes that aContinue...Read More

Stainless steel prices in Europe were likely to remain under pressure due to a longer-than-usual summer slowdown and the renewal of the region's safeguarding quota allocations, while in the United States the determining factor was likely to be the level of alloy surcharges.Meanwhile, the resumption of trade talks between the US and China was likely to boost market activity in Asia.EuropeParticipan...Read More

According to Trump, the U.S. can't continue "being the dummies who sit back and politely watch as other countries continue to play their games - as they have for so many years."Continue...Read More

The yield curve has now been inverted for an entire quarterContinue...Read More

A 16-minute North Korean propaganda video has been published on YouTube. The video points to efforts to sell the public on a new era of peace that is inevitably coming.Continue...Read More

Jordan Roy-Byrne the show for a general discussion on the gold market. We start with some of the technical factors, that while overbought, are a longer term positive sign for the bulls. We also address the recation in the stocks and weigh what it all means with US markets heading to all time highs with gold breaking out.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Marke...Read More

Import prices for stainless steel in East Asia rose over the past week following a surge in the price of nickel.Producers will attempt to sustain the upward trend in stainless steel prices going forward under the pretext of higher nickel costs, a trader in Taiwan said.But a trader in northern China said the jump in the price of nickel had been too abrupt and buyers are likely to be unwil...Read More

* Landslide at KCC mine last week killed 43 people * Activists fear standoff with army could lead to violence * Evicted miners pillaged local stores - rights activist (Adds army comment, detail about arrests)By Aaron RossDAKAR, July 4 (Reuters) - Congolese security forces evictedthousands of illegal miners from a copper and cobalt mine run byGlencore on Thursday, sparking angry protests outsidethe...Read More

Powell will join a number of Fed speakers, while the FOMC minutes are also dueThe first full trading week of July will be relatively quiet on the earnings front, but there's plenty of action on the economic side. In addition to a pair of inflation updates, several central bank speakers -- including repeat performances from Fed Chair Jerome Powell -- and the Federal Open Market Committee's (FOMC) J...Read More

The European Commission (EC) should remove its 5% import quota increase as it makes safeguard measures ineffective and puts jobs in the EU steel segment at risk, the European steel association (Eurofer) said on July 3."We call on the EC to heed our call and those of member states that have already expressed concerns about the rise - and to respond by undoing this out-of-step expansion before it fu...Read More

Turkish authorities are considering whether to launch a trade defense case against imports of hot-rolled coil (HRC) from the EU, market sources have told Fastmarkets.European mills have increased their HRC export volumes recently, particularly to Turkey, due to the weak demand in their home markets."The start of an anti-dumping case against EU-origin HRC will entirely depend on the attitude of the...Read More

Dr. Ron Paul & Chris Waltzek Ph.D. - July, 2nd, 2019.* Mp3.HighlightsFounder of The Ron Paul Institute for Peace And Prosperity returns to the show with his case for restoring a gold-backed US dollar. In the Ron Paul Liberty Report last month, Dr. Paul noted, "The Fed Can't Save Us, But Gold Can," in response to the new rate cut cycle.He outlines how this event could mark the beginning of...Read More

The gold and silver markets rarely get much love on Wall Street and from the average investors who only listen attentively to what CNBC and stock brokers have to say.Nearly a decade of underperformance in the metals markets certainly isn’t helping draw attention. Recently, the gold market started to move, and the rising price has thus far gone mostly unnoticed.Everyone is watching the equity...Read More

Demand for flat steel in Turkey failed to improve in June even after the United States halved its import tariffs for Turkish steel to 25%, market participants told Fastmarkets.And local producers have now filled their order books until late August, they said on Wednesday July 3. Turkish steel prices started to rise on May 17 after US import duties of 50% introduced in August 2018 were cut to...Read More

When last we left the 3 Metallic Amigos… I can’t remember the detailed individual statuses and am too busy to go read the post. They were something like borderline hysterical gold, attractive silver and bouncing (but not yet bullish) copper. So here’s today’s update on these Amigos.Gold is testing the high today after not even pulling a 38% Fib retrace. A real bull market...Read More

On Tuesday, July 2, 2019, the price of Crude Oil fell over -4.5% on continued expectations of global economic weakness and supply gluts.  We found this interview rather interesting because it attempts to suggest a narrative that ignores Iranian issues while pushing the supply side fundamental for the current price decline (Source: CNBC).Back on May 21, 2019, we shared a post that is still ver...Read More

Key data from the July 4 pricing session in London and Shanghai.Fastmarkets' benchmark daily fob Australia alumina index declined to $318.10 per tonne on Thursday July 4 from $319.28 per tonne on the previous day. It remains at its lowest since August 2017 and is down by 12% from $363.08 per tonne on June 4.Chinese free market, metallurgical grade alumina fell to 2,700-2,750 yuan ($400.20) per ton...Read More