The CIS export billet market started to show signs of weakening on Friday July 12, with customers growing cautious after the recent drop in scrap prices in Turkey and uncertainty over import duties in Egypt.Fastmarkets' daily CIS export billet index was $423 per tonne fob Black Sea down by $2 on Friday.In Egypt, some steel mills have appealed against last week's decision to suspend...Read More

Prices in Southeast Asia's steel billet market fell on Friday July 12 because of sluggish demand in the key import markets of Indonesia and the Philippines.The price was also pressured downward during the week by a decline in scrap prices in the bellwether Turkish market and the availability of competitively priced Japanese billet.The downturn in Japan's domestic ferrous scrap market, coupled with...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 306,10561,34262,529163,955442,371532,589566,242 Change from Prior Reporting Period -6,5977,586-9,1043,673-4,733-12,028-6,251 Traders 21375775964308187 Small Speculators LongShortOpen Interest 66,38832,735598,977 5,056-721-6,972 non reportable positionsCha...Read More

- Mike GleasonChairman Powell's testimony this week was closely scrutinized not just for its economic implications but also for its political overtones. Powell cited "trade tensions" as cause for concern about the strength of the global economy. He clearly seemed to be blaming President Trump's tariffs.But if the tariffs are what ultimately move the Fed to cut rates, Trump will have finally go...Read More

Dear Friend of GATA and Gold:Silver market rigging critic Ted Butler's new commentary details the capture of the commodity markets by derivatives employed by a small number of financial houses, thereby destroying market pricing. His commentary is headlined "Deliberately Looking Away," referring to the failure of the U.S. Commodity Futures Trading Commission and Justice Department to do anything...Read More

Gold surged dramatically in recent weeks, powering higher to a decisive bull-market breakout. Gold's first major secular highs in years have really improved sentiment, with bullishness mounting. But gold-futures buying fuel is largely exhausted, after the colossal amount expended to catapult gold back over $1400. That leaves this metal at high risk of suffering a major selloff, a healthy c...Read More

Dr. Marc Faber & Chris Waltzek Ph.D. - July 9th, 2019.*Thanks for supporting the show!Mp3 format. SummaryFrom his Thailand office, Dr. Marc Faber, a globally renowned economist and editor of the GloomBoomDoom report, returns with his outlook. According to Dr. Faber, the global economy is on the cusp of a recession. Investors are advised to batten down the hatches. A global / domestic economic...Read More

It's time to turn around and see the darkness that the Fed sees looming over you. Earnings season is already extending signs of recession with the first corporate reports coming in far darker than expectations that were already twilight dim in FactSet's estimations, which pegged earnings as likely to show a 2% contraction.Even the Fed sees problems ahead. Jerome Powell's speech to congress has...Read More

By: Ira EpsteinFed would rate keep the economy alive, Powell doesn't want to have a situation with low-inflation. Fed likely to cut rates in July. In the gold market, a pattern, where it is going nowhere:Read More

Gold has been strong since last September. If this is the second leg of the bull market begun in 2016, it could hold enormous opportunity for traders. Here's how to play it with call options.Video update:Read More

David HaggithThe bears that are gathering will soon enough be picking flesh off the sun-bleached bones of this market. Even the Fed Chair, who usually does all he can to avoid dismal pictures and to sound optimistic, is finally talking downcast about the US economy.Powell helps Trump Trade WarHe didn't do much, but Powell genuflected in Trump's direction, giving him a nudge where he needed it in...Read More

A weakening of rebar futures in China on Friday July 12 led to participants withdrawing from the spot market for the long steel product, resulting in a drop in trading activity and keeping prices at a standstill for a second day. Domestic Eastern China (Shanghai): 3,980-4,000 yuan ($579-582) per tonne, unchangedNorthern China (Beijing): 3,880-3,910 yuan per tonne, unchangedTraders kept prices flat...Read More

The European stainless steel market were stable this week in typically quiet summer trading, sources said on Friday June 12. Fastmarkets' stainless steel cold-rolled sheet 2mm grade 304 transaction domestic, delivered North Europe price was ?,?2,125-2,200 ($2,393-2,478) per tonne on Friday, unchanged week on week.Demand in most of Europe remains low but Scandinavia is a major exception. One distri...Read More

Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In between his frequent travels, he has served as a p...Read More

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 securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More

Gerald Celente recalls what he saw at the beginning of the Ross Perot campaign (that he predicted) and weighs in on whether Deutsche Bank is another Lehman Brothers, interest rates, and predictions on gold, Iran & the 2020 electionGerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for an...Read More

Mike "Mish" Shedlock is a registered investment advisor and representative for Sitka Pacific Capital Management. His articles about the the economy and investing online can be found at Mish Talk. Read More

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More

A new scientific study could bust wide open deeply flawed fundamental assumptions underlying controversial climate legislation and initiatives such as the Green New DealContinue...Read More

Gold soared past $1,400 per ounce last week, hitting a high of $1,439 per ounce.Continue...Read More