Less than a day after President Trump slammed Pakistan on Twitter for failure to combat terrorism, stating, "It's not only Pakistan that we pay Continue...Read More
– Palladium prices surge to new record high over $1,100/oz today– Palladium surges past record nominal price seen in 2001 after 55% surge in 2017– Best-performing precious metal and commodity of 2017 is palladium– Palladium prices top platinum prices for first time in 16 years – Strong Chinese car demand and switch from diesel to petrol cars sees demand surge &nd...Read More
Trade protection measures in the Middle East could support local steel producers' attempts to capture much of the increased regional steel demand expected in 2018. Gulf Co-operation Council (GCC) nations are due to make a final decision by the second quarter of this year on whether to impose anti-dumping duties on Chinese non-welded oil country tubular goods (OCTG) made of iron or steel with a rad...Read More
If you want to find real, accurate information on inflation, you need to ignore what the Fed says and focus on what's happening for real businesses.The Fed will never give an accurate portrayal of inflation because doing so would reveal that:1) The Fed has been lying about inflation levels for decades.2) The Fed did this to "paper over" declining living standards in the US (using cheap d...Read More
Tonight I would like to start out by looking at the $CDNX, Canadian Venture Composite Index, which blasted higher last week and is following through this week. The reason this index is so important is because it not only has many junior precious metals stocks, but also many small cap energy related stocks as well as other speculative venture capital stocks from other sectors. This is a very good s...Read More
If you want to find real, accurate information on inflation, you need to ignore what the Fed says and focus on what's happening for real businesses.The Fed will never give an accurate portrayal of inflation because doing so would reveal that:1) The Fed has been lying about inflation levels for decades.2) The Fed did this to "paper over" declining living standards in the US (using cheap d...Read More
Concerns over supplies for the year ahead and a strong purchasing appetite from traders and mills continued to provide momentum to noble alloys prices in the first few days of January. Molybdic oxide prices staged the most impressive gains in the (usually quiet) first days of the year, jumping to $10.70-11 per lb, in-warehouse Rotterdam, on Wednesday January 3. Prices were assessed up 10.2% f...Read More
Metals investors may have missed it given the gloomy sentiment that plagued markets for much of 2017, but gold just finished its best year since 2011.Perhaps in a year like the one just passed, 13% gains are simply not inspiring. US stocks finished about 25% higher for the year, and crypto-currencies including Bitcoin left all other asset classes in the dust. Bitcoin gained roughly 1,400%.Die hard...Read More
Goldmoved visibly higher during the first session of the year and thistime mining stocks accompanied it. In fact, it seems that they are back on thetrack after a short pause. What’s the likely reason behind this year’s rallyand what does it imply going forward?Let’s jump right into the mining stock charts (chart courtesyof http://stockcharts.com). Gold stocks indeed broke aboveth...Read More
If you want to find real, accurate information on inflation, you need to ignore what the Fed says and focus on what's happening for real businesses.The Fed will never give an accurate portrayal of inflation because doing so would reveal that:1) The Fed has been lying about inflation levels for decades.2) The Fed did this to "paper over" declining living standards in the US (using cheap d...Read More
CloseGain/LossGold $1321.90+$7.00Silver$17.20+$0.06XAU87.79+0.81%HUI198.76+0.72%GDM663.40+0.37%JSE Gold1305.19-33.54USD91.87-0.31Euro120.68+0.56Yen88.70-0.27Oil$62.01+$0.3810-Year2.452%+0.012T-Bond152.34375+0.03125Dow25075.13+0.61%Nasdaq7077.92+0.18%S&P2723.99+0.40% The Metals: Gold fell $9 to $1305.90 in Asia, but it then climbed to as high as $1325.80 in New York and ended with a gain of...Read More
This might seem a frivolous question, while the dollar still retains its might, and is universally accepted in preference to other, less stable fiat currencies. However, it is becoming clear, at least to independent monetary observers, that in 2018 the dollar's primacy will be challenged by the yuan as the pricing medium for energy and other key industrial commodities. After all, the dollar's role...Read More
If you want to find real, accurate information on inflation, you need to ignore what the Fed says and focus on what's happening for real businesses.The Fed will never give an accurate portrayal of inflation because doing so would reveal that:1) The Fed has been lying about inflation levels for decades.2) The Fed did this to "paper over" declining living standards in the US (using cheap d...Read More
By Ira EpsteinGold now in longest streak of winning days since 2011.https://www.iraepstein.com/ Read More
East Asian stainless steel prices maintained their upward trend over the past week amid gains in China's domestic market and costlier nickel.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm cold-rolled coil was $2,150-2,200 per tonne cif East Asian ports for the week ended Wednesday January 3, tightening upward by $50 per tonne from $2,100-2,200 per tonne a week earlier.Metal...Read More
2018 has just begun. What will a new year bring for the gold market?Macroeconomic Outlook Will Remain UnpleasantThe current economic expansion is surprisingly durable, as it has already lasted more than 100 months. It worries many investors who are afraid of the upcoming recessions. Surely, there are many reasons to worry, and the recession will eventually come. But we are not at this point yet. T...Read More
Palladium prices surge to new record high over $1,100/oz today- Palladium surges past record nominal price seen in 2001 after 55% surge in 2017- Best-performing precious metal and commodity of 2017 is palladium- Palladium prices top platinum prices for first time in 16 years- Strong Chinese car demand and switch from diesel to petrol cars sees demand surge- Supply crunch as six year supply defi...Read More
By Alasdair MacleodThis might seem a frivolous question, while the dollar still retains its might, and is universally accepted in preference to other, less stable fiat currencies. However, it is becoming clear, at least to independent monetary observers, that in 2018 the dollar's primacy will be challenged by the yuan as the pricing medium for energy and other key industrial commodities. After a...Read More
By Clint SiegnerMetals investors may have missed it given the gloomy sentiment that plagued markets for much of 2017, but gold just finished its best year since 2011.Perhaps in a year like the one just passed, 13% gains are simply not inspiring. U.S. stocks finished about 25% higher for the year, and crypto-currencies including Bitcoin left all other asset classes in the dust. Bitcoin gained rou...Read More
By BullionStarhttps://www.bullionstar.com/The December issue of BullionStar's 'Gold Market Charts' looks at developments in the world's major physical gold markets during November, the latest month for which the relevant data is available. Each month, this series of article uses gold charts from the GOLD CHARTS R US market charting website.SGE Gold WithdrawalsPhysical gold withdrawals from t...Read More