CloseGain/LossGold $1334.60+$2.40Silver$17.01-$0.01XAU88.31+0.38%HUI197.66+0.37%GDM663.51+0.15%JSE Gold1268.77-28.92USD90.39-0.28Euro122.60+0.41Yen90.10-0.32Oil$63.49+$0.1210-Year2.660%-0.001T-Bond148.75-0.25Dow26214.60+0.55%Nasdaq7408.03+0.98%S&P2832.97+0.81% The Metals: Gold waffled between $1335.60 and $1328.60 in Asia before it climbed back up to $1335.50 in late morning New York trade...Read More
Total volumes in all of the London Metal Exchange's futures and options contracts rose by 0.5% last year, which is hardly a dramatic result one way or the other, although it did at least halt a run of annual declines.Declines in aluminium and copper turnover were to an extent offset by increases in zinc, nickel and lead. As well, the exchange's new gold and silver contracts chipped in with some us...Read More
Hello EveryoneIt is much fun having the opportunity again to make a presentation here in Vancouver on behalf of The Gold Anti- Trust Action Committee ... in order to expose the manipulation of the gold/silver markets by The Gold Cartel.My first trip here was 19 years ago for an arranged meeting at the airport with Normandy Mining Chairman Robert Champion DeCrespigny on his way back to Australia....Read More
Charles Hugh Smith writes the Of Two Minds blog which covers an eclectic range of timely topics: finance, housing, Asia, energy, long-term trends, social issues, health/diet/fitness and sustainability. From its humble beginnings in May 2005, Of Two Minds now attracts some 200,000 visits a month. Charles also contributes to AOL's Daily Finance site and has written eight books, most recently A Radic...Read More
By Stefan Gleason The gold market has been mired in a four-and-a-half year basing pattern. The rally that began late last year has taken prices up toward a major resistance zone. It's make or break time!Also, on the cusp of a potentially big move is the bond market. Bonds haven't been making headlines like the stock market, but where the bond market heads next could be crucial for stocks as we...Read More
CIS export rebar and wire rod prices continued to climb in the week ended Monday January 22 despite the downbeat mood in the steel billet segment.This was due to the reduced availability of material, mostly wire rod, in the markets because mills have already sold out their February volumes.Metal Bulletin's weekly price assessment for CIS wire rod exports was $585-590 per tonne fob Black Sea on Jan...Read More
In today's second "Crypto AudioBlog" installment, Andy discusses Bitcoin, altcoins, and real world versus financial market trends. Follow him at @Andy_Hoffman_CG, or try a Free 7-Day Trial of his 24/7, Bitcoin-focused blog, at CryptoGoldCentral.comAndrew ("Andy") Hoffman owns a subscription-based website, CryptoGoldCentral.com, which offers readers Andy's daily thoughts on cryptocurrencies and pre...Read More
By Avi GilburtFor those that follow me regularly, you will know that I have been tracking a set up for the VanEck Vectors Gold Miners ETF (GDX), which I analyze as a proxy for the metals market. I believe that the GDX can outperform the general equity market once we confirm a long term break out has begun, and I think we can see it in occur in early 2018.Since I have been on vacation for the la...Read More
By Frank HolmesStrengths? The best performing metal this week was platinum, up 1.92 percent as traders boosted their net long position. Gold traders remain bullish on the yellow metal for a second week as gold reached the highest since September on Monday, reports Bloomberg. The U.S. dollar posted five straight weekly losses, even as U.S. Treasury yields rose. Earlier in the we...Read More
We're in the everything bubble, enjoy the ride! It feels new to the newbies but for the rest of us it's the same old, same old. We should have learned our lesson already, but we haven't. Younger generations come around and have no sense of history or bubbles. It's interesting and fun and frustrating. John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. R...Read More
A new mill with capacity for 300,000-500,000 tonnes per year of reinforcing steel "could be the solution to a supply gap looming over the UK in the next decade," Andy Kirkcaldy, chairman of the British Independent Reinforcement Fabricators Association (Birfa), said on Monday January 22.Domestic rebar demand in the UK is expected to rise to 1.23 million tpy by 2030, up from 843,000 tonnes in 2015,...Read More
By David HaggithMy 2018 economic predictions follow through on the accurate predictions I made in 2017. In my last article, I stated that I had bet my blog the stock market would crash by January 2018. In fact, however, I've gone back and rechecked those predictions and my bet, and I found that I wisely hedged my bet in terms of timing due to the Trump factor. I realized back then that, for the...Read More
Sirios Resources,... QMX Gold Corporation, Cartier Resources and Imperial Mining Group are four Canadian exploration companies that by our analyses, particularly while at low prices, merit our attention. One might consider that we have seen an early stage bull market in some mining stocks already. However, if our indications are correct, we are about to commence a major bull market in many g...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
By Dave KranzlerGold and silver had a sharp run-up in the last two weeks of 2017. However, the abrupt move in gold has been accompanied by a rapid rise in the gold futures open interest on the Comex. Furthermore, based on the last COT report the banks have dramatically increased their net short position and the hedge funds have gotten, once again, extremely net long. I don't like the looks o...Read More
Total volumes in all of the London Metal Exchange's futures and options contracts rose by 0.5% last year, which is hardly a dramatic result one way or the other, although it did at least halt a run of annual declines.Declines in aluminium and copper turnover were to an extent offset by increases in zinc, nickel and lead. As well, the exchange's new gold and silver contracts chipped in with some us...Read More
By Daniel R. Amerman, CFAA critical component of financial planning for retirement is that many healthcare expenses are a shared expense for those 65 and older, as a matter of current law and design. A 65 year old pays the same Medicare Part B premiums as a 95 year old, and someone in perfect health pays the same premiums as someone with multiple serious health issues.By law, 25% of total Medica...Read More
By Graham SummersThe financial media is finally catching on to something we've been screaming about for years...That the Fed's preferred metric for measuring inflation is a complete joke.Making matters more difficult, the Fed's preferred inflation gauge does a pitiful job of capturing the quandary facing many households that live paycheck to paycheck. The so-called core PCE is the central bank's...Read More
Turkish steel mills continued their deep-sea scrap bookings for February and March on Monday January 22 with prices remaining largely stable.A steel mill in the Iskenderun region booked a US cargo, comprising 12,000-15,000 tonnes of plate and structural scrap (P&S) at $373 per tonne and 6,000 tonnes of shredded at $368 per tonne, while the rest of the 38,000-tonne cargo was HMS 1&2 (80:20) at $363...Read More