Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil rose over the past week with steelmakers increasing their offers in response to a strengthening domestic market.Sources told Fastmarkets that a stronger Chinese yuan had also encouraged exporters to raise their offers to make up for any shortfall from selling in dollars. The exchange rate was 6.9969 yuan to $1 on Wednesday D...Read More

Domestic wire rod prices in the United States have continued on a slow and steady climb following recent mill increases, although activity remains muted headed into the end of the year, sources said. Fastmarkets' price assessment for steel wire rod (low carbon) industrial quality, fob mill US rose to $29.25-30.25 per hundredweight ($585-605 per short ton) on Tuesday December 17, up by 0.8% from $2...Read More

European distributors of flat steel products reported a 3.6% year-on-year drop in shipment volumes in January-October 2019, Eurometal said this week.And multi-product distributor shipments in the region fell by 4.8% year-on-year in the first 10 months of this year, Eurometal said, with declines reported for most products and only rebar registering an...Read More

Gary ChristensonThe official US national debt in 1913 was $2.91 billion. In 1971, when President Nixon lied about temporarily disconnecting gold from the dollar, the official national debt was $398 billion.By 2019 the official national debt has grown to $23,000 billion.Politicians borrow and spend to reward cronies and buy votes. They also increase their personal wealth. Human nature changes slo...Read More

By: Robert LambourneTuesday, December 17, 2019In the past two months the Bank for International Settlements, which represents most central banks in the world, has nearly doubled its gold swaps and derivatives position, the bank's October and November statements of account show.The BIS uses gold swaps and other gold derivatives to gain access to gold held by commercial banks. As of November 30 th...Read More

By: Avi Gilburt, ElliottWaveTraderI know that many investors follow correlations as if they were gospel. But, do they really understand what a correlation represents?You see, markets are not linear in nature. While two different markets may be traveling in the same direction for a period of time, unless you understand each chart on its own, how will you ever know when a seeming correlation will...Read More

By: Ira EpsteinGold bias remains still to the downside. Daily gold chart shows drifting sideways for a very long time:Read More

Gold will break free from $1470-$1490 trading range and form a new range. Silver will break free from $1660-$1750 and form a new range. Copper and crude oil need to trade over current price to be in bullish zone. Trump and his impeachment related news and the US political drama needs to be closely watched. Do not ignore economics. 2019 will go down as the year where voters have given a larger th...Read More

Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Limited which acts as an investment advisor...Read More

The price of steel mesh-quality wire rod in the Northern and Southern European domestic markets narrowed upwards, with sellers consolidating recent price increases, sources told Fastmarkets. Sellers had previously managed to push through partial increases based on rising ferrous scrap cost; this week they were able to replicate this across their customer bases. Fastmarkets' weekly price assessment...Read More

***This webcast originally aired live on Hedgeye.com on December 10, 2019***Danielle and Keith discuss the current economic set-up, Fed policy and the implications for financial markets.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched...Read More

Bob's website: tradegeniusacademy.comRead More

Fifty years ago, an international team of researchers was commissioned by the Club of Rome to build a computer simulation of exponential economic and population growth on a finite planet. In 1971, its findings were first released in Moscow and Rio de Janeiro, and later published in 1972 under the title The Limits To Growth. Few reports have generated as much debate, discussion and disagreement. Th...Read More

There are a few common denominators amongst billionaires, or as James Altucher, managing director of Formula Capital, refers to as "peak performers of their fields.""There's one concept I call 'ready, fire, aim.' So, when they have an idea, they'll act as if they've already achieved the idea and then they'll figure out how to achieve it," Altucher told Kitco News.Read More

Liz Claman, Gene Epstein, Jim Grant, Peter Schiff, David Tice, Tom Woods at the NYC Premier of Jimmy Morrison's "The Bubble"Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment c...Read More

A federal judge ruled on Tuesday that the US government is entitled to the proceeds from Edward Snowden's memoir, as well as any money he earns from paid speeches, because the former National Security Agency Continue...Read More

"There is no opting out. No control over your personal information," Republican Senator Josh Hawley recently tweeted."That's Big Tech. And that's why Congress needs to take action."Continue...Read More

Daniel's website: https://www.dlacalle.com/en/Daniel Lacalle has a PhD in Economy, is Professor of Global Economy and Fund manager. He holds the CIIA financial analyst title, with a post graduate degree in IESE and a master's degree in economic investigation. Member of the advisory board of the Rafael del Pino foundation. He was ranked Top 20 most influential economist in the world 2016 (Richtopia...Read More

The Fed will continue to be accommodative in 2020 due to a host of macroeconomic issues that are still unresolved, this according to Peter Hug, Global Trading Director of Kitco Metals."I've got a couple of issues with the markets from an equities perspective. First of all, I think the valuations are a bit extended. I don't think the market has truly factored in the Brexit issue. With Boris Johnson...Read More

Greg Weldon's thoughts on the Phase One Trade Deal...how it is bullish for Emerging Market Equity Index ETFs...and...a sneak peek at today's coverage of the explosive move in Coffee, as it relates to he MASSIVE unrealized profits it has generated for our clients in TradeLAB !!!Gregory Weldon is CEO of Weldon Financial and Editor of the influential newsletters "Weldon's Money Monitor," the "Commodi...Read More