Gramercy Funds Chairman Mohamed El-Erian, a Bloomberg Opinion columnist, says the Federal Reserve will "condition the market to a very gradual" reduction in quantitative easing. "I think the market will accept that to begin with. And then reality is going to sink in that they should go faster," El-Erian says on "Bloomberg The Open." El-Erian's opinions are his own.Mohamed El-Erian is the Chief Eco...Read More

In this video, we talk about inflation, the fear of hyperinflation, the federal reserve changing their stance, and the many people calling for a stock market crash. Steve gives his opinion on gold, silver, commodities, investing, and inflation vs a stock market crash.Steve Penny is a full-time trader specializing in silver, gold, and uranium. Steve Penny's Silver Chartist: https://www.silvercharti...Read More

The climate activists come out with every disaster and blame climate change. The brush fires in Australia were climate change Continue...Read More

Over the past month, Israel, the world's most heavily vaccinated country (with leading mRNA jabs, no less) has seen the number of positive Continue...Read More

"This policy is being rushed through and rammed down the throats of our employees with no legal counsel being sought and no discussion from Continue...Read More

House Democrats on Tuesday blocked a GOP bill which would require the Director of National Intelligence to declassify information related to the US government's investigations into the Wuhan Continue...Read More

Junior exploration companies usually have one or perhaps two projects on the go at any given moment. Sitka Gold has five, four of which it is actively exploring and it's not employing the project generator model. Sitka management believes that having several good assets will pay off over time and ultimately better the odds for shareholders. Sitka Gold, Drilling at Alpha projectLike many visitors...Read More

Those looking for signs of a new housing bubble need look no further than today's existing home sales report which showed that median prices of existing homes in the US soared 24% to a record $363,300.Continue...Read More

You really have to hear what President Joe Biden said during a CNN Town hall on Wednesday night to believe it! 1) Biden Argues Massive Government Spending Will Help Fend Off Inflation, Not Exacerbate It https://news.yahoo.com/biden-argues-m...2) Biden Claims His Multi-Trillion Dollar Spending Packages Will 'Reduce Inflation' https://news.yahoo.com/biden-claims-m...3) Biden says it's 'highly unlike...Read More

Where do coins and bullion products come from? Many folks could correctly answer such a question Continue...Read More

Import prices for flat steel in South American markets edged up for most grades due to higher offers from Chinese producers, while some participants reported a slowdown in the market.Offers of hot-rolled coil and cold-rolled coil rose at least by $20-30 per tonne on lower material availability, sources said.Fastmarkets' price assessment for steel hot-rolled coil import, cfr main ports South Americ...Read More

Trading activity in the hot-rolled coil markets across Europe was still limited on Friday July 23, with prices broadly stable despite gaining strength from short supply, Fastmarkets has heard.Firm offers were still scarce in the Northern European HRC market, sources said.Mills in the region had good order books and could only offer fourth-quarter production HRC, with some of them claiming to be so...Read More

Crude steel production in Germany continued to rise in June, recording a fourth consecutive month of recovery, German steel federation WV Stahl said on Thursday July 23.German crude steel production totaled more than 3.42 million tonnes in June 2021, up from 2.47 million tonnes in June 2020, WV Stahl said.The sharp rise is partially explained, however, by a low comparative base - last year's domes...Read More

It seems that choosing GDXJ to shortthe PMs was a good decision – juniors closed the day at new 2021 lows. Will ourprofits only grow from now on?Gold’s yesterday’s intraday attempt torally was not bullish. On the contrary, it was what usually happens rightbefore a big slide. Especially given the USDX’s breakout.Let’s start with the latter. Yesterday there was a second...Read More

Indian domestic prices for secondary steel billet rose by about $13 per tonne during the week to Friday July 23 on stronger demand for finished products, particularly rebar, sources said.Fastmarkets assessed steel billet domestic, ex-works India at 42,200-42,400 rupees ($567-570) per tonne on Friday, up by 1,000 rupees from 41,200-41,400 rupees per tonne last week. "The billet price recovery is in...Read More

Powell admits that inflation is well above the Fed’s target, but he still considers it transitory. Gold increased in response – only to fall again.Last week, Powell testified before Congress. On the one hand, Powell admitted in a way that inflation had reached a level higher than expected and is above the level accepted by the Fed in the longer run:Inflation has increased notably and w...Read More

Since the origin of the Federal Reserve in 1913 the US dollar has lost ninety-nine percent of its purchasing power.Not coincidentally, but in direct reflection of the dollar’s loss in purchasing power, the price of gold has multiplied one hundred fold from $20.67 oz to $2060 oz as of August 2020. The chart (source) below shows the ever-increasing price of gold over the past century…...Read More

Long steel producer Badische Stahlwerke has denied that there was a stoppage at its rolling mill in southwest Germany, a source at the company told Fastmarkets on Friday July 23.Heavy floods in Germany have interrupted the supply of steel products and raw materials across the country, with some flat steel producers even declaring force majeure to customers.There were market rumors on Friday indica...Read More

Inflation surged in May, and some worry that it has already reached its peak. Has it indeed? This issue is key for the Fed and the gold market.Inflation has soared recently. The CPI annual rate surged 5% in May, which was the fastest jump since the Great Recession. However, the Fed officials still maintain that inflation will only be temporary. Some of the analysts even claim that inflation has al...Read More

The Turkish steel mills continued to limit their deep-sea scrap bookings in the week ended Friday July 16 due to weak finished steel sales, while the downturn in the country had a knock-on effect on prices in the global markets.Turkish mills restrict deep-sea purchases to put downward pressure on pricesSummer slowdown hits US export marketCovid-19 pandemic shuts down local long steel and scrap mar...Read More