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Jordan Roy-Byrne: Gold Resumes Correction - But Here's The Good News

June 18, 2021 / marketsanity.com

A rally in the dollar has taken hold; Silver failed to breakout, and Gold has sliced lower below $1800.Continue...Read More

'Fast' market sell-off is coming warns Gareth Soloway; Stocks haven't done this since start of pandemic

June 18, 2021 / marketsanity.com

0:00 - S&P 500 breaking the trendline3:20 - Monetary policy6:04 - Trading algos7:47 - Trading volume8:30 - Put-call ratio10:34 - Gareth's trades11:30 - Inflation13:53 - Gold and silver16:44 - Bitcoin17:50 - Upcoming live interviewThe S&P 500 just broke a major trend line downward for the first time since the start of the pandemic, said Gareth Soloway, chief market strategist of InTheMoneyStocks.co...Read More

Jeffrey Gundlach discusses just how screwed up the U.S. economy really is

June 18, 2021 / marketsanity.com

Recap of the Total Return presentation with Jeffrey Gundlach. *This webcast was recorded on June 8, 2021Jeffrey Gundlach is the Chief Executive Officer and Chief Investment Officer of DoubleLine Capital. He is recognized as an expert in bond and fixed income investments. His investment strategies have been featured in leading publications from around the world In 2013, he was named "Money Manager...Read More

The Great Inflation Debate with Peter Schiff

June 17, 2021 / marketsanity.com

Debating inflation on CrossTalk with Peter Lavelle. Recorded 6/17/21 on RT.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 medi...Read More

Politician wants to alter the moon's orbit to fight Climate Change

June 18, 2021 / marketsanity.com

In a recent webcam Congressional hearing, Texas Rep Louie Gohmert asked an associate deputy chief of the Forest Service if her agency could alter the moon's orbit to address climate change.Continue...Read More

China sends largest group of military aircraft in single day near Taiwan

June 17, 2021 / marketsanity.com

China has mobilized its largest-ever number of military aircraft in a single day into the international airspace surrounding Taiwan, with the island nation Continue...Read More

University of Florida lab test finds 11 dangerous pathogens on children's face masks

June 16, 2021 / marketsanity.com

The resulting report found that five masks were contaminated with bacteria, parasites, and fungi, including three with dangerous pathogenic and pneumonia-causing bacteria. Although Continue...Read More

Jim Wyckoff: Why did gold price plunge $100 this week, and what's the next target?

June 18, 2021 / marketsanity.com

Jim Wyckoff, senior analyst of Kitco News, called this week's drop in gold a "knee jerk reaction."In an interview with David Lin, anchor for Kitco News, Wyckoff said that the move came from the hawkish tone of the Federal Reserve, and that long-term, the price direction for gold and silver is still up.Follow David Lin on Twitter @davidlin_TV (https://twitter.com/davidlin_TV) Follow Jim Wyckoff on...Read More

Jason Burack: Gold & Silver Smashed On False Narratives, Fed's Balance Sheet Up By $112 Billion In Only A Week!

June 17, 2021 / marketsanity.com

Gold and silver paper prices were smashed again today on yesterday's false narrative that the Fed will hike interest rates 2 times in the next 18-24 months.While the probability of the actual rate hikes happening is very low for many reasons, the Fed's actual balance sheet increased by an enormous $112 billion in just the last week to $8.064 trillion!Track the Fed's balance sheet here: https://fre...Read More

STEEL SCRAP WRAP: Asian prices diverge from subdued Turkish market

June 19, 2021 / www.metalbulletin.com

Global scrap prices in the key markets diverged in the week to Friday June 18, with those in Asia moving upward, while Turkish scrap prices fell amid slow buying driven by uncertainty over finished steel sales.Turkish buyers had to pay a premium for US-origin shredded scrapUS export market reported new sales to TurkeySolid demand in Vietnam resulted in higher pricesChina reported stability in impo...Read More

David Moadel Warning: Stock Euphoria Is At EXTREME Levels

June 17, 2021 / marketsanity.com

Contact me at [email protected]David Moadel is a trader and investor of stocks and options. A former elementary school teacher, David has a master's degree in education and a unique ability to convey knowledge in the area of finance. He has coached many people and likes to combine fundamental and technical analysis to help people find their own trading style.Read More

US PIG IRON: Market softens on lower demand

June 19, 2021 / www.metalbulletin.com

The United States' pig iron import prices softened during the week to Friday June 18, with buyers having predominantly restocked while material for near-term shipment remained available in the market. Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was at $650-665 per tonne on Friday, down by 2.16% from $672 per tonne a week earlier."We have bought enough and do not nee...Read More

SOUTH ASIA STEEL SCRAP: Market sentiment dips as week ends

June 19, 2021 / www.metalbulletin.com

Prices for shredded steel scrap imported into India and Pakistan have risen on active purchasing that tailed off toward the end of the week, sources told Fastmarkets on Friday June 18.Fastmarkets' steel scrap shredded, index, import, cfr Nhava Sheva, India, was $533.93 per tonne on June 18, up from $516.47 per tonne on June 11.Offers heard this week were in the range of $520-540 per tonne cfr, whi...Read More

Brazilian slab export prices stable, buyers remain cautious

June 19, 2021 / www.metalbulletin.com

Brazilian slab export prices remained stable as buyers and sellers held their ground in negotiations for August-shipment batches amid high flat steel prices and raw material costs.Fastmarkets assessed the price for steel slab export, fob main port Brazil unchanged for the second consecutive week at $980-1,000 per tonne on Friday June 18.Sellers were holding offers at $1,000 per tonne fob to t...Read More

EU states approve extension of steel safeguard measures, sources say

June 19, 2021 / www.metalbulletin.com

The EU member states have voted in favor of the proposed extension of the safeguard measures on imports of steel products, market sources told Fastmarkets on Friday June 18.The vote was supported by 17 member states, the sources said.The European Commission had not released an official statement at the time of publication.On June 11, the Commission sent a draft proposal to the World Trade Organiza...Read More

Asia import billet prices remain largely flat in handful of new deals

June 19, 2021 / www.metalbulletin.com

Prices for steel billet imported to China and Southeast Asia were largely unchanged during the week to Friday June 18, with bids falling but deals heard propping up prices across the week.Chinese buyers dropped their bid prices to $660-670 per tonne cfr China towards the end of this week, from $690 per tonne cfr on Monday, amid a downtrend in ferrous futures markets.Offers for Indonesia-origin 3sp...Read More

Gold Prices Investors beat Central Banks and Jewelry, as having the most Impact / Commodities / Gold and Silver 2021

June 18, 2021 / mail.marketoracle.co.uk

Gold had a remarkable 2020, gaining 22% for the calendar year on a “perfect storm” of factors, namely:Torrid safe haven demand driven by fear of the coronavirus and its economic fallout;Record-low sovereign bond yields, with many countries’ bonds actually offering negative returns. There is a strong correlation between the gold price and low yields, particularly the benchmark US...Read More

Gold Asks: Will the Economic Boom Continue? / Commodities / Gold and Silver 2021

June 18, 2021 / mail.marketoracle.co.uk

The US GDP has already recovered from the pandemic recession. What’s next for the economy and the gold market?Ladies and Gentlemen, the economic crisis has ended. Actually, not only is the recession over but so is the recovery! This is at least what the recent GDP readings are indicating. As the chart below shows, the US nominal GDP has already jumped above the pre-pandemic level . The real...Read More

European car registrations up in May but well below 2019 levels

June 19, 2021 / www.metalbulletin.com

European passenger car registrations in May 2021 increased by 53.4% year-on-year, yet remained significantly below the level seen two years ago in May 2019, the European Automobile Manufacturers Association (ACEA) said on Thursday June 17."In May 2021, passenger car registrations in the EU rose [to] 891,665 units. Nevertheless, last month's result is still far below the 1.2 million cars that were...Read More

EU states approve extension of steel safeguard measures, sources say

June 19, 2021 / www.metalbulletin.com

The EU member states have voted in favor of the proposed extension of the safeguard measures on imports of steel products, market sources told Fastmarkets on Friday June 18.The vote was supported by 17 member states, the sources said.The European Commission had not released an official statement at the time of publication.On June 11, the Commission sent a draft proposal to the World Trade Organiza...Read More

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