The European central bank seems to have adopted a middle of the road strategy in light of Trump's tax uncertainty. Traders were looking for an aggressive stance by the ECB on monetary withdrawal but were disappointed. The Euro fell and the US dollar gained. Gold fell following the US dollar gains. If US nonfarm payrolls comes in over 200,000 then gold and silver can fall more. I do not expect an...Read More
CloseGain/LossOn WeekGold $1323.50+$1.40+0.12%Silver$16.58+$0.10+0.42%XAU78.90-0.09%+0.19%HUI172.92-0.36%-0.04%GDM603.40-0.33%+0.24%JSE Gold1126.62+6.28+1.72%USD90.13UNCH+0.21%Euro123.08-0.07-0.16%Yen93.69-0.46-1.02%Oil$62.04+$1.92+1.29%10-Year2.897%+0.037+1.29%Bond144.0625-0.53125-0.17%Dow25335.74+1.77%+3.25%Nasdaq7560.81+1.79%+4.17%S&P2786.57+1.74%+3.54% The Metals: Gol...Read More
SEOUL/WASHINGTON (Reuters) - U.S. President Donald Trump said he was prepared to meet North Korea’s Kim Jong Un in what would be the first face-to-face encounter between leaders from the two countries and could mark a breakthrough in a standoff over the North’s nuclear weapons.Kim had “committed to denuclearization” and to suspending nuclear and missile tests, South Korea&r...Read More
CloseGain/LossOn WeekGold $1323.50+$1.40+0.12%Silver$16.58+$0.10+0.42%XAU78.90-0.09%+0.19%HUI172.92-0.36%-0.04%GDM603.40-0.33%+0.24%JSE Gold1126.62+6.28+1.72%USD90.13UNCH+0.21%Euro123.08-0.07-0.16%Yen93.69-0.46-1.02%Oil$62.04+$1.92+1.29%10-Year2.897%+0.037+1.29%Bond144.0625-0.53125-0.17%Dow25335.74+1.77%+3.25%Nasdaq7560.81+1.79%+4.17%S&P2786.57+1.74%+3.54% The Metals: Gol...Read More
The European central bank seems to have adopted a middle of the road strategy in light of Trump's tax uncertainty. Traders were looking for an aggressive stance by the ECB on monetary withdrawal but were disappointed. The Euro fell and the US dollar gained. Gold fell following the US dollar gains. If US nonfarm payrolls comes in over 200,000 then gold and silver can fall more. I do not expect an...Read More
The small contrarian gold-mining sector remains deeply out of favor, universally ignored. Thus the gold stocks are largely drifting listlessly, totally devoid of excitement. But that's the best time to buy low, when few others care. The gold stocks continue to form strong technical bases, paving the way for massive mean-reversion uplegs. And they remain exceedingly cheap relative to gold prices, w...Read More
Prices for ferrous scrap in the major global markets kept rising over the past seven days despite questions over how the new US import tariffs on steel could affect the scrap markets.Good scrap demand has led to higher prices in the import markets of Turkey, India and Taiwan, while US export prices have stayed stable.Turkey importsTurkish steel mills continued to book scrap at higher prices this w...Read More
Dear Reader,If you're looking for answers as to why the US financial system is the way it is... or have questions about what's coming down the pike in the financial markets, pick up a copy of our bestselling book The Everything Bubble: The End Game For Central Bank Policy on KINDLE today.If you've yet to pick up a copy, grab one now. You'll immediately know more about how the financial system work...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
By Ira EpsteinWill metals have to fight new highs in stock indices?https://www.iraepstein.com/ Read More
MOSCOW, March 9 (Reuters) - Russian aluminium producer Rusal said on Friday its aluminium poses no threat to U.S.firms as its products are "not produced in sufficient quantity"by U.S.-based producers."Imports will continue, especially in those segments whichare in deficit of supply," Rusal said in a reply to a request byReuters.Rusal, which said that over 10 percent of its tota...Read More
In the previous edition of the Market Overview, we explored the fascinating history of bull and bear cycles in both the U.S. dollar and gold. Since then, the idea of cyclicity doesn't lead me to drop off, disrupting my sleep cycles. Let's then dig into the topic. We start with the business cycles, as in the recent Gold News Monitor we wrote that "we are in the late stages of the economic cycle - a...Read More
By Dave KranzlerThe census bureau does the data-gathering and the Bureau of Labor Statistics feeds the questionable data sample through its statistical sausage grinder and spits out some type of grotesque scatological substance. You know an economic report is pure absurdity when the report exceeds Wall Street's rose-colored estimate by 53%. That has to be, by far, an all-time record-high "be...Read More
The book you refer to is propaganda. There are quotes in there that he simply made up about the Rothschilds. Go ahead and try and find the source. I have written about thisContinue...Read More
The UK inter-merchant price range for austenitic alloy steel scrap has been largely unchanged over the past week while market participants wait for nickel prices to settle, sources said on Friday March 9.Metal Bulletin's weekly price assessment for inter-merchant 18/8 scrap solids in the UK was ?950-980 ($1,317-1,359) per tonne delivered on Friday, compared with ?950-990 per tonne delivered last...Read More
International Women's Day highlights the underreported UK Women's pension crisis- 2.66 million affected by UK government's change to state pension act- Women's pension crisis is one of many in the UK, where there is a ?710bn deficit for prospective retirees- Changes by government highlights the counterparty risks pensions are exposed to- Global problem as pensions gap of developed countries growi...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort245,58761,76462,811153,421358,324461,819482,899Change from Prior Reporting Period -6,394-11,499-9,206-8,106-2,999-23,706-23,704Traders18379865062267196 Small Speculators LongShortOpen Interest 46,28125,201508,100 -1,054-1,056-24,760 non reportable positionsChange from the previou...Read More
BRUSSELS/SHANGHAI/TOKYO (Reuters) - From Japan and South Korea to Australia and Europe, officials lined up on Friday to seek exemptions from President Donald Trump’s tariffs on U.S. steel and aluminum imports, while Chinese producers called on Beijing to retaliate in kind.Tokyo and Brussels rejected any suggestion that their exports to the United States threatened its national security - Tru...Read More
"I could not understand why medical records from the Department of Defense could not be seamlessly transferred to the Veteran's Administration...Continue...Read More
A steady increase in ferrous scrap demand to key destinations such as Turkey and the Indian subcontinent from Europe has pulled up prices for light iron, grade-5C steel scrap in the United Kingdom this week, sources told Metal Bulletin on Friday March 9.The UK light iron scrap market has now moved up for four weeks in a row.Metal Bulletin's price assessment for UK grade-5C ferrous scrap on an inte...Read More