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...Read More

You thought I was done with the Amigos shtick, did you? Not by a long shot ma'am. They are the happy-go-lucky riders in play as the stock bull market churns on. They are the rising SPX/Gold ratio and stocks in general vs. gold (Amigo #1), rising US 10yr & 30yr yields (Amigo #2) and the flattening 10-2 yield curve (Amigo #3). On their current trends these goofy riders have signaled "a-okay!" to cas...Read More

President Trump issued the second pardon of his short presidency Friday to former Navy sailor Kristian Saucier.Continue...Read More

TexasBeachWatch.com claims that parts of Corpus Christi Bay and North Padre Island both had high amounts of fecal bacteria in their waters.Continue...Read More

Export prices for Brazil-origin steel slab rose this week while market participants were estimating the consequences of the 25% tariff imposed by the United States following its Section 232 investigation into national security issues on steel imports.Metal Bulletin's weekly assessment of Brazil slab export prices was $560-570 per tonne fob on Friday March 9, up from $540-545 per tonne fob a week e...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 -...Read More

U.S. employers likely added 200,000 new jobs to the economy last month, according to the consensus forecast for Friday's non-farm payroll report, but investors are likely to once again focus on the pace of hour wage growth in order to gauge how the Federal Reserve will react to faster inflation in the world's biggest economy. Average hourly wages are expected to have risen by 0.2% last month, ec...Read More

By Hugo Salinas PriceThere is a lot of commentary going around the world, regarding Trump's initiation of a "Trade War" to rebuild America's industries. Trump thinks that tariffs will do the trick, and stop the rest of the world from taking unfair advantage of the US by selling their goods to the US in exchange for lots of US dollars. According to Trump, this nefarious behavior on the part of th...Read More

Mining stocks should be trading a lot higher, given that the companies are performing much better than they used to, said Rick Rule, CEO of Sprott U.S. Holdings.Amir Adnani, Chairman of GoldMining Inc., noted that there is a disconnect between gold prices and gold stocks, citing interest in other base metals as a reason.Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., be...Read More

China's domestic and export prices for rebar continued to trend downward on Friday March 9 amid big losses in the futures market. Domestic Eastern China (Shanghai): 3,800-3,860 yuan ($600-609) per tonne, down 30-40 yuan per tonne Northern China (Beijing): 3,880-3,910 yuan per tonne, down 70-80 yuan per tonne Rebar futures decreased sharply on Friday, which led to sentiment in the spot market deter...Read More

OSLO, March 9 (Reuters) - Norwegian aluminium-maker NorskHydro ASA expects to see a negative impact from theU.S. decision to impose import tariffs, a company spokesman saidon Friday."The introduction of unilateral trade barriers such asquotas and tariffs will negatively effect Hydro and may distortnormal trade," said company spokesman Oeyvind Breivik."There is some uncertainty over...Read More

By Gary TanashianYou thought I was done with the Amigos shtick, did you? Not by a long shot ma'am. They are the happy-go-lucky riders in play as the stock bull market churns on. They are the rising SPX/Gold ratio and stocks in general vs. gold (Amigo #1), rising US 10yr & 30yr yields (Amigo #2) and the flattening 10-2 yield curve (Amigo #3). On their current trends these goofy riders have signal...Read More

March 9 (Reuters) - Gold prices extended losses into a third session on Friday as the dollar strengthened against the yen on hopes of easing tensions between the United States and North Korea and ahead of U.S. non-farm payroll data later in the day.FUNDAMENTALS* Spot gold was down 0.3 percent at $1,317.21 per ounce at 0154 GMT.* U.S. gold futures were down 0.3 percent at $1,318.1.* The dollar inde...Read More

The base price assessments for flat and long stainless steel products in Europe fell slightly this week, sources told Metal Bulletin on Friday March 9.The reason behind the declines was tough competition with imports from Asia, according to market sources."Offers from Taiwan are at least 10% lower than domestic prices [in Europe]," a trader said. "So if that situation is...Read More

Domestic stainless steel prices in China have fallen further over the past week following losses in the nickel market. Metal Bulletin's assessment of prices for benchmark 304 stainless CRC in the major market of Wuxi was 14,600-15,300 yuan ($2,304-2,415) per tonne including VAT for the week ended Thursday March 8, against 14,700-15,300 yuan per tonne from a week earlier. Nickel prices on the Londo...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump will not meet with North Korean leader Kim Jong-un unless he sees some “concrete” action by Pyongyang, the White House said on Friday.“The president will not have the meeting without seeing concrete steps and concrete actions take place by North Korea, so the president will actually be getting something,” White House spokes...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 gr...Read More

(Reuters) - The Federal Reserve may well raise U.S. interest rates four times this year given the boost from tax cuts and spending, and overseas strength that will further stimulate the U.S. economy, a top U.S. central banker said on Friday.Boston Fed President Eric Rosengren, a veteran policymaker who foreshadowed the shift last year to a more hawkish stance, urged “regular but gradual&rdqu...Read More

Unionized workers at Antofagasta's (LON:ANTO) Los Pelambres copper mine in Chile voted to strike Friday after rejecting the company's latest offer for a collective labour agreement."Around 99% of the voting workers voted in favour of a legal strike," Federaci??n Minera de Chile treasurer Dino Saltori said in a statement (in Spanish), adding the union has 447 members.The stoppage will be the first...Read More

NEW YORK (Reuters) - The bull market for stocks turned nine years old on Friday and, despite being long in the tooth, appears poised to set the record as the longest in history, buoyed by global economic growth and stronger company earnings.It is unlikely to be a smooth ride, however, as investors have already had to endure a 10-percent market correction sparked by inflation concerns and heightene...Read More