I update gold's true fundamentals* every week in commentaries and charts at the TSI web site, but my most recent blog post on the topic was on 30th April. At that time the fundamental backdrop was gold-bearish, but there has since been a change.My Gold True Fundamentals Model (GTFM) turned bearish in mid-January 2018 and was still bearish at the end of the week before last (22nd June). There wer...Read More

Demand was low last week in most global markets for steel billet, such as Turkey, Egypt and Southeast Asia, which led to cuts in prices in most regions.Producers from the Commonwealth of Independent States reduced their offers in the previous week, but buyers' interest was even lower. In Southeast Asia, demand was also reduced in several countries by seasonal factors.CIS, Turkey, EgyptMetal Bullet...Read More

Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More

Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries. Read More

TruNews correspondent Edward Szall interviews Bruce Bateman, CTO of Lite-On Technology Corp, a world renowned Taiwanese information technology device manufacturer. They discuss the crowd sensing facial recognition system the company has discreetly deployed in a number of major cities, with the goal of providing an actionable preemptive crime tool. The software, deployed through street level camera...Read More

South Africa's mines minister Gwede Mantashe said on Sunday he will extend by a month a period for public comment on a mining industry charter which lays out requirements for black ownership levels and other targets.Uncertainty around the charter has deterred investment into a sector that accounts for 8 percent of gross domestic product in the world's top platinum producer.Mantashe said he will ex...Read More

With QE, the Fed created money to buy securities and pump up asset prices; now it sheds securities to destroy this money.Continue...Read More

"This is a moral and humanitarian crisis. Everyone of us who has ever held a child in their arms, and every human being with a sense of compassion and decency should be outraged."Continue...Read More

The Trump administration announced Saturday it will temporarily freeze an Obamacare program by stopping billion of dollars in payouts to insurance companies.Continue...Read More

Gold rings were discovered in Ireland and they seem to be uncertain about their original use. The Celts did not create their Continue...Read More

Sector expert Michael Ballanger discusses breakdowns in base metals markets and his current views on the status of cryptocurrencies.Since I covered gold and silver on Wednesday, I am switching to the base metals because they represent a dollar flow infinitely larger than the precious metals, and are therefore far more difficult to "manage" in terms of price. Also, 90% of the pricing structure for...Read More

Brazilian slab export prices increased this week, with bookings for August shipment being concluded and companies preparing to launch new offers.Metal Bulletin's weekly assessment of Brazilian export slab prices went up to $585-595 per tonne fob on Friday July 6, from $570-585 per tonne fob a week earlier.Local producers have not made any offers or bookings in the past week as they are still...Read More

I update gold's true fundamentals* every week in commentaries and charts at the TSI web site, but my most recent blog post on the topic was on 30th April. At that time the fundamental backdrop was gold-bearish, but there has since been a change.My Gold True Fundamentals Model (GTFM) turned bearish in mid-January 2018 and was still bearish at the end of the week before last (22nd June). There wer...Read More

Demand was low last week in most global markets for steel billet, such as Turkey, Egypt and Southeast Asia, which led to cuts in prices in most regions.Producers from the Commonwealth of Independent States reduced their offers in the previous week, but buyers' interest was even lower. In Southeast Asia, demand was also reduced in several countries by seasonal factors.CIS, Turkey, EgyptMetal Bullet...Read More

Pig iron export prices from Brazil have gone up because most producers are sold out until September-October, while demand, in the United States in particular, is expected to increase in mid-July for restocking purposes.Metal Bulletin's weekly price assessment for pig iron exports from Brazil was $400-405 per tonne fob for material from the northern Caraj??s region on Friday July 6, up from $390-39...Read More

Gold futures settled lower Friday, but still notched a slight gain for the week, after a mostly upbeat U.S. jobs report was seen keeping the Federal Reserve on a path toward gradually higher interest rates. Beyond the day's data, the latest lobs in the trade spat between the U.S. and China took effect Friday as expected, casting a somewhat cautious tone across riskier financial markets including U...Read More

SHANGHAI, Jul 9 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index hit a three-week low to around 93.9 and closed at 94 last Friday night. This was 0.52% lower from a week ago, marking the biggest loss in four weeks.LME base metals traded under pressure on escalated tension between China and the US. Nickel led the lo...Read More

Investing.com - This week’s U.S. inflation report on Thursday will be in the spotlight as a strong reading could bolster the case for the Federal Reserve to stick to a gradual pace of rate hikes this year, which is typically bearish for gold.Gold prices slid on Friday but still managed to post a weekly gain, as the dollar weakened.Gold futures for August delivery were down $2.9 or 0.23% to s...Read More

(Updates through close of U.S. trading)By David RandallNEW YORK, July 6 (Reuters) - World stock markets rose and the euro climbed to a three-week peak on Friday as the threat of tariffs by the United States and China on billions of dollars of trade became a reality, though concerns about the conflict escalating capped the appetite for risk.MSCI's measure of world equities markets .MIWD00000PUS ros...Read More

The Oyster Creek nuclear plant, located near the New Jersey shore, will be completely dismantled between 2075 and 2078.Even though the closure of the 50-year-old plant will take place by the end of 2018, officials with the US Nuclear Regulatory Commission announced this week that it will take much longer to completely shut it down.During a press briefing, the NRC said that the facility will stop p...Read More