By Frank HolmesWe're about nine years into the economic recovery following the Great Recession. It's been an extraordinarily profitable period for the stock market one of the best in U.S. history and I hope you've participated.But every bull market ends with a bear market, and while no one knows for sure when that will be, it's probably safe to assume we're in the final stretch. In its June outl...Read More

Russia and Turkey's moves out of U.S. debt and into the precious metal could be precursors of a bigger global shift.by Leonid Bershidsky of BloombergU.S. government debt and the world's foreign exchange and gold reserves. Source: BloombergSince December 2017, Russia has cut its holdings of U.S. foreign debt by more than half.Instead, it's been increasing the share of gold in its international re...Read More

China's ferrous futures fluctuated in a small range during morning trading on Thursday June 28. Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,738 yuan ($566) per tonne, down 10 yuan per tonne October hot-rolled coil: 3,873 yuan per tonne, down 3 yuan per...Read More

Prices for CIS export billet fell on Thursday June 28 due to slow trading in the country's key markets of Turkey and the wider Middle East, sources told Metal Bulletin.Metal Bulletin's CIS billet export index was $518 per tonne fob Black Sea on Thursday, compared with $520 per tonne fob Black Sea on June 27.CIS mill offers were predominantly around $520-525...Read More

"The market has been looking overheated ever since 2012 when we saw the upsurge that has been going on now for almost six years. And it looks like it's still going up." Robert Shiller is an American economist, academic, and best-selling author. He currently serves as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management's International Center for Fin...Read More

China's domestic rebar market on Thursday June 28 recovered some of the losses from the past few days after futures spiked, though demand remained weak. Domestic Eastern China (Shanghai): 3,980-4,020 yuan ($603-609) per tonne, up 30 yuan per tonne Northern China (Beijing): 3,870-3,910 yuan per tonne, up 30 yuan per tonne Rebar futures started the day at relatively high levels having risen sharply...Read More

Trader Peter Hug discusses the key price levels to watch in the gold market going into next week.Read More

Flat steel production in Turkey is expected to remain strong in the rest of 2018 thanks to the strong demand locally and abroad, sources told Metal Bulletin this week.The country produced 5.17 million tonnes of slab - which is used to produce flat steel products - in the January-May period, up 7.12% from 4.83 million tonnes a year earlier, according to the Turkish Steel Producers Association (T???...Read More

On June 26, Adidas became aware that an unauthorized party claims to have acquired limited data associated with certain Adidas customers," Continue...Read More

The meeting that the Deep State strived to make impossible with fabricated "Russiagate" assertions and an orchestrated "investigation" byContinue...Read More

European alloy steel surcharges for July deliveries of grade-304 cold-rolled (CR) stainless steel sheet have risen for the sixth consecutive month on an increase in nickel costs to reach their highest level since June 2011. The July alloy surcharge for 2mm grade-304 CR stainless steel sheet - based on data published by Outokumpu, Acerinox and Aperam - is ?,?1,624-1,648 ($1,886-1,914) per tonne. Th...Read More

TOPICS IN THIS INTERVIEW:00:45 The central banker's inside perception of the economy?06:05 Consequences of an economy based on debt and inflation13:15 Trump and the central banks - who dominates who?16:35 Where to learn about the central banks financial tyrannyNomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a S...Read More

Steelmakers around the world can improve their plant performance, safety and product quality by further digitizing their processes, delegates at the Asian Stainless Steel Forum 2018 heard on Thursday June 28.Mills could automate their electric-arc furnaces (EAFs) and converters, deploying smart sensors and collecting big data to improve processes, Zhai Yuyou, director of sales at technology provid...Read More

An explorer that received good drill results last year is one of the first out of the gate to follow up this summer. Industry watchers are keeping their eyes on summer drilling in British Columbia's Golden Triangle for signs of the next GT Gold or Garibaldi Resources, both of whose shares leaped last year after the announcement of significant discoveries.One company on the radar screen is Aben Re...Read More

This gold explorer looks to past-producing mines to find potential. Liberty Gold's Goldstrike ProjectLiberty Gold Corp. (LGD:TSX) started off the new year with a bang and has continued to focus on its three gold exploration projects: Goldstrike, Black Pine and Kinsley, all located in the sweet spot known as the U.S. Great Basin.The company announced additional drilling results from the western an...Read More

The yield curve is dangerously close to inverting - a signal which often precedes a recession in America by about 6 months.Continue...Read More

Ray Dalio's influence over the world's largest hedge fund will be decreasing over the next few yearsContinue...Read More

East Asia's stainless steel prices held steady over the past week amid an illiquid spot market.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm trimmed cold-rolled coil was $2,240-2,300 per tonne cif East Asian ports for the week ended Wednesday June 27, unchanged from a week earlier.Metal Bulletin's assessment of prices for benchmark 304 stainless trimmed hot-rolled sheet was...Read More

Pattern – a downtrend is in progress and I believe a “three strikes and you’re out” low formation is setting up with price currently tracing out its way to the third and final low.Bollinger Bands – price is at the lower band and the question is does price trade down alongside this band or does support come in and send price back up? I lean to the latter. Horizontal li...Read More

 CloseGain/LossGold $1248.20-$3.60Silver$16.00-$0.05XAU79.83-0.13%HUI170.52+0.04%GDM609.88+0.24%JSE Gold1023.95-8.92USD95.32-0.02Euro115.66+0.10Yen90.49-0.30Oil$73.45+$0.6910-Year2.840%+0.012T-Bond145.09375-0.1875Dow24216.05+0.41%Nasdaq7503.68+0.79%S&P2716.31+0.62%  The Metals: Gold gained $2.40 to $1254.20 at about 9AM EST, but it then drifted back lower for most of the re...Read More