Domestic prices for mesh-quality wire rod produced and delivered in Southern Europe strengthened over the past week, amid supply concerns before the expected preliminary decision in the EU safeguard case, sources said on Wednesday July 11.Metal Bulletin's weekly domestic price assessment for mesh-quality wire rod in Southern Europe was ?,?530-550 ($622-645) per tonne delivered on Wednesday, up fro...Read More

Prices for seaborne Australian iron ore fines and lumps fell slightly on Wednesday July 11 while more details emerged over possible measures to cut emissions in China's steelmaking hub.Metal Bulletin 62% Fe Iron Ore Index: $63.34 per tonne cfr Qingdao, down $0.57 per tonneMetal Bulletin 62% Fe Pilbara Blend fines Index: $62.16 per tonne cfr Qingdao, down $0.66 per tonneMetal Bulletin 58% Fe Premiu...Read More

 CloseGain/LossGold $1242.20-$13.30Silver$15.80-$0.26XAU80.98-3.06%HUI174.53-2.88%GDM613.40-2.55%JSE Gold1072.36-5.43USD94.74+0.60Euro116.75-0.72Yen89.27-0.65Oil$70.38-$3.7310-Year2.840%-0.023T-Bond145.46875+0.46875Dow24700.45-0.88%Nasdaq7716.61-0.55%S&P2774.02-0.71%  The Metals: Gold dropped throughout most of world trade and ended near its last-minute low of $1242.00 with...Read More

By Ira EpsteinThe washout in metals is running hot.https://www.iraepstein.com/ Read More

Source: Maurice Jackson for Streetwise Reports 07/11/2018 Doug Casey, chairman of Casey Research, speaks with Maurice Jackson of Proven and Probable about his investment philosophy, the state of the markets and where he is investing today. -->Maurice Jackson: Today, we have a very special guest joining us to discuss the natural resource space and your portfolio, the legendary investor, phil...Read More

Today's Wall Street Journal contains a couple of charts that illustrate a relationship that's not getting much media attention these days: The fact that tightening labor markets are forcing companies to raise wages, in the process squeezing their own profit margins. Historically this margin compression has been either a cause of or contributor to cyclical turning points in other words it coinc...Read More

By Steve St. AngeloIs the U.S. Government hiding a massive gold deposit in the Chocolate Mountains in California? Well, according to a few top-notch conspiracy theorists, the U.S. Congress passed the Desert Wilderness Protection Act that has cordoned off this vast gold discovery from the public. Unfortunately, we may never know if this mammoth gold deposit exists due to the clandestine natu...Read More

August futures set up such an appealing buying opportunity for bulls Monday that several subscribers jumped on it when a timely 'mechanical' entry strategy was posted in the chat room. Alas, anyone who got long toward the end of the day watched the trade sink precipitously overnight, stopping out the position for a loss of around $600 per contract. As a rule, when a juicy Hidden Pivot trade set-...Read More

TSX Venture Symbol: COROTCQB Symbol: CAMZF Frankfurt: XC01VANCOUVER , July 11, 2018 /CNW/ - Camino Minerals Corporation ("Camino" or the "Company") (COR:TSX-V) wishes to report that it has filed an application with the Peruvian Mines and Energy Ministry and INGEMMET to renounce the title for remaining claims that formed part of the Red Beds Property located in the Department of Cuzco, Peru.The...Read More

In yesterday's analysis, we discussed how meaningful gold and silver's pre-market decline was given a relatively small move in the USD Index. The implications were quite bearish for the PM market, especially that we had just seen a target being reached in gold stocks. And because mining stocks had just underperformed gold for the first time in weeks. Yet, before the day was over, the USD, gold a...Read More

- World Cup weighs nearly 200 ounces (6.17 kilos) and is 18 Karat or 75% pure gold- World Cup's value is just ?140,000 at today's depressed prices- 30% less than England's Harry Kane's weekly wage of ?200,000- World Cup fever takes over England ahead of semi final tonight- World Cup's true value is priceless to players and nationsThe World Cup is worth at today's gold prices a measly ?140,000 (...Read More

Gold can fall first and then rise. Investors will prefer to sit on cash or invest in a safer bond market till a clear picture on the impact of the USA induced trade war is there. Anyways equities offer a much better return than gold in the short term. Risk is much higher in stocks than gold but returns outweigh risk. I again repeat that gold investment is not for a few weeks to a quarter. Gold h...Read More

Source: www.finra.org; Ycharts; BMG Group Inc.Read More

China's steel futures rose during morning trading on Wednesday July 11 having started the day weak, while the steelmaking raw materials contracts ended the session little changed from their opening prices.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,872 yuan ($584) per tonne, up 36 yuan per tonne October hot-rolled coil: 3,944 yuan per tonne, up 36 yuan per t...Read More

The comments below are an edited and abridged synopsis of an article by Charles Hugh SmithThere is no single cause of the gathering storm; in complex systems, dynamics feed back into one another, and the sum of destabilizing disorder is greater than the sum of its parts.Causal factors can be broken into two categories: systemic and social/economic. Smith discusses the S-curve of rapid expansion, a...Read More

Links and Slides: https://www.itmtrading.com/blog/gold-...IMF: https://www.imf.org/en/Publications/W...Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. S...Read More

The comments below are an edited and abridged synopsis of an article by John RubinoTight labor markets are redressing some of the imbalance between employers and employees, while pulling formerly marginalized people into the mainstream economy.The trick is to maintain this kind of an environment once it's achieved. But labour shortages lead to higher wages, which are a form of inflation. The monet...Read More

Jeff Clark, a globally recognized authority on precious metals, talks about why Russia is dumping U.S. Treasury holdings and other dollar related issues.Jeff Clark is editor and lead writer of BIG GOLD, the monthly gold-investment newsletter from Doug Casey's Casey Research. Having worked on his family's gold claims in California and Arizona, and analyzing the big trends in gold's bull market, Jef...Read More

The comments below are an edited and abridged synopsis of an article by Myra SaefongPlatinum, with its price at almost the lowest level in nearly a decade, might soon attract the interest of bargain hunters.Currently trading below gold and palladium, platinum is attractive from a pure price standpoint, as historically it has traded at a premium to both.Platinum settled at a 9 1/2 -year low of $81...Read More

The rich are getting richer, and the middle class is getting poorer. In this episode, Robert & Kim speak with Steven Brill about the causes of income inequality. Find out how severe income disparity impacts you and how you can protect yourself from its pitfalls.Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His book titles hold four of t...Read More