China's domestic prices for rebar held steady on Wednesday January 10 on weak demand despite gains in the futures market. Domestic Eastern China (Shanghai): 3,830-3,920 yuan ($587-601) per tonne, unchanged Northern China (Beijing): 3,870-3,900 yuan per tonne, unchanged Low temperatures in Shanghai and Beijing resulted in inactivity in the markets.As such, sellers were unable to raise prices even t...Read More

JOHANNESBURG, Jan 10 (Reuters) - The class action brought by thousands of mineworkers who contracted lung diseases while working for South African gold miners has been postponed because the parties are close to a settlement, lawyers for the companies said on Wednesday.A High Court in 2016 set the stage for protracted proceedings on cases dating back decades in the largest class action suit yet in...Read More

CloseGain/LossGold $1317.40+$3.40Silver$16.98-$0.02XAU86.07+1.32%HUI194.29+1.04%GDM650.01+0.39%JSE Gold1313.06+26.39USD92.32-0.19Euro119.57+0.18Yen89.79+0.91Oil$63.57+$0.6110-Year2.552%+0.004T-Bond150.03125-0.1875Dow25369.13-0.07%Nasdaq7153.57-0.14%S&P2748.23-0.11% The Metals: Gold fell $5.50 to $1308.50 in early Asian trade before it jumped up to as high as $1327.10 at about 6AM EST and the...Read More

LONDON (Reuters) - Fitch reiterated its warning on Wednesday that the United States could lose its prized triple-A credit rating if the country’s debt ceiling is not raised in the coming months.The U.S. Treasury Department will exhaust all of its borrowing options and run dry of cash to pay its bills by late March or early April if Congress does not raise its borrowing limit, the Congression...Read More

– Gold at all time in eight major emerging market currencies– A stronger performance than seen when priced in USD, EUR or GBP– As world steps away from US dollar hegemony expect new gold highs in $, € and £– Gold is a hedge against currency debasement and depreciation of fiat currencies Editor: Mark O’ByrneSource: allstarcharts.com ...Read More

Key data from the January 10 pricing session in Europe.Ferro-titanium 70% (max 4.5% Al) $ per kg, delivered duty-paid in EuropeToday Previous Change to midpoint of range Midpoint % change 4.80-5.60 4.80-5.60 0 0  Titanium scrap turnings, unprocessed (max 0.5% Sn) $ per lb, cif European ports  Titanium scrap turnings, unprocessed (0.5-2% Sn) $ per l...Read More

- Gold at all time in eight major emerging market currencies- A stronger performance than seen when priced in USD, EUR or GBP- As world steps away from US dollar hegemony expect new gold highs in $, EUR and ?- Gold is a hedge against currency debasement and depreciation of fiat currenciesEditor: Mark O'ByrneSource: allstarcharts.com h/t @DominicFrisbyWhen we talk about the gold price we all...Read More

The rally in Gold and gold mining stockseasily surpassed our expectations and targets. The strength has been far morethan we anticipated. The gold stocks blew past their 200-day moving averageswhile Gold blew past $1300/oz. Now it is time to take a technical look andfocus on the key support and resistance targets. The strength of the rebound pushed the minerswell beyond their 200-day moving averag...Read More

(Adds comments by Li on the drivers of the economy)BEIJING, Jan 11 (Reuters) - China's Premier Li Keqiang said the economy is expected to have grown around 6.9 percent last year, the official Xinhua news agency reported, accelerating from a 26-year low the year before. In the past year, China's economy has maintained a steady and favourable trend, with the overall situation better than expected,...Read More

The biggest news today comes from China, which has announced it will "slow or halt" US Treasury purchases.This is the so-called NUCLEAR option: the threat by China to stop buying US debt. And it's an absolute game-changer.Yields on the 10-Year Treasury spiked on the news as investors dumped Treasuries. Source: BlooombergThis could very well be what bursts the EVERYTHING Bubble.As I explained in d...Read More

Traders for Light crude oil continue to see higher price levels over the near term. Front-month futures prices reflect their bullish outlook (chart 1).The expectation is for $63 to $65 per barrel by late Q1.The one caveat is that U.S. production appears set to explode later this year. According to the Energy Information Administration (EIA) nationwide output should average about 10.27 million barr...Read More

NEW YORK, Jan 10 (Reuters) - The U.S. Securities and Exchange Commission has shut down a committee of equity market experts that advised the regulator on stock market reforms, according to two people with direct knowledge of the matter.The SEC formed the 17-member Equity Market Structure Advisory Committee in 2015 to help it dig into issues such as excessive market volatility and potential conflic...Read More

I love sitting down with Craig Hemke, TFMetals Report, not only does he share great information it is a lot of fun with some laughter thrown in to keep these all-too-serious conversations a little lighter. When you're dealing with such subjects as our monetary past and what we see as our monetary future, humor is a necessary ingredient.All the wizards and their magic potions in pots from medieval...Read More

By Wayne ColeSYDNEY, Jan 11 (Reuters) - Australian retail sales boasted the biggest monthly rise in four years in November as consumers splashed out on Apple iPhones and Black Friday promotions, a major boost for an economy that had been struggling with sluggish spending.The local dollar jumped a third of a U.S. cent to $0.7874 as the surprising strength helped counter concerns consumers had lapse...Read More

CloseGain/LossGold $1317.40+$3.40Silver$16.98-$0.02XAU86.07+1.32%HUI194.29+1.04%GDM650.01+0.39%JSE Gold1313.06+26.39USD92.32-0.19Euro119.57+0.18Yen89.79+0.91Oil$63.57+$0.6110-Year2.552%+0.004T-Bond150.03125-0.1875Dow25369.13-0.07%Nasdaq7153.57-0.14%S&P2748.23-0.11% The Metals: Gold fell $5.50 to $1308.50 in early Asian trade before it jumped up to as high as $1327.10 at about 6AM EST and the...Read More

Prices for hollow steel sections in Southern Europe have increased this week, with producers in the region responding to firm demand, market sources told Metal Bulletin on Wednesday January 10.Metal Bulletin's price assessment for S235-grade square hollow steel sections made in Southern Europe moved up by ?,?15-20 per tonne to ?,?620-645 ($740-770) per tonne delivered on Wednesday.Prices for simil...Read More

MEXICO CITY, Jan 10 (Reuters) - Mexican central bank governor Alejandro Diaz de Leon said on Wednesday that if the United States decided to withdraw from NAFTA, there would likely be an impact on the peso and the goal of reducing inflation would become more complex.Diaz de Leon was responding to a question about a Reuters report that Canada is increasingly convinced that President Donald Trump wil...Read More

By Ira EpsteinGold gains a bit as the Dollar sets back amid questions about getting a NAFTA deal done and threats by China to cut back on buying US debt.https://www.iraepstein.com/ Read More

- Gold at all time in eight major emerging market currencies- A stronger performance than seen when priced in USD, EUR or GBP- As world steps away from US dollar hegemony expect new gold highs in $, ?,? and ?- Gold is a hedge against currency debasement and depreciation of fiat currenciesSource: allstarcharts.com h/t @DominicFrisbyWhen we talk about the gold price we all too often focus on...Read More

 CloseGain/LossGold $1317.40+$3.40Silver$16.98-$0.02XAU86.07+1.32%HUI194.29+1.04%GDM650.01+0.39%JSE Gold1313.06+26.39USD92.32-0.19Euro119.57+0.18Yen89.79+0.91Oil$63.57+$0.6110-Year2.552%+0.004T-Bond150.03125-0.1875Dow25369.13-0.07%Nasdaq7153.57-0.14%S&P2748.23-0.11% The Metals: Gold fell $5.50 to $1308.50 in early Asian trade before it jumped up to as high as $1327.10 at about 6...Read More