China's hot-rolled coil prices maintained their upward momentum on Wednesday March 28 on early gains in the paper market.DomesticEastern China (Shanghai): 3,760-3,800 yuan ($599-605) per tonne, up 20-30 yuan per tonneNorthern China (Tianjin): 3,740-3,760 yuan per tonne, up 20-30 yuan per tonneSpot prices increased after HRC futures surged at the start of the day. But when the paper market started...Read More

By Ronan ManlyIn early March, RT.com, the Russian based media network, asked me for comments and opinion on the subject of central bank manipulation of gold prices.The comments and opinion that I supplied to RT became the article that RT then exclusively published on its website on 18 March under the title "Central banks manipulating & suppressing gold prices - industry expert to RT". This artic...Read More

- Eurozone threatened by trade wars, Italy and major political and economic instability- Trade war holds a clear and present danger to stability and economic prospects- Italy represents major source of potential disruption for the currency union- Financial markets fail to reflect the "eurozone time-bomb" in Italy- Financial volatility concerns in Brussels & warning of 'sharp correction' on horizon...Read More

By Frank HolmesIn last week's Investor Alert, our investment team shared with you a report from Morgan Stanley that says bitcoin's price decline since December mimics the Nasdaq tech bubble in the late 1990s. This isn't earth-shattering news in and of itself. The main difference is that the bitcoin rout happened at 15 times the rate as the tech bubble.Morgan Stanley has some good news for bitcoi...Read More

By Michael J. Kosares, USAGOLD"China's launch on Monday of its crude futures exchange will improve the clout of the yuan in financial markets and could threaten the international primacy of the dollar, argues a new report by Hayden Briscoe, APAC head of fixed income at UBS Asset Management. 'This is the single biggest change in capital markets, maybe of all time,' Briscoe said in a follow-up tel...Read More

Domestic prices for steel beams have moved downward by ?,?5 per tonne across Europe for a second week with trading remaining thin, market sources told Metal Bulletin on Wednesday September 28."There was no enough demand to fill up the mills' rolling schedules so we have seen a lower price," one distributor said."There was a bit of a reduction compared with last month. In February, scrap prices wen...Read More

SHANGHAI, Mar 28 (SMM) – China’s gross domestic product (GDP) is likely to grow 6.8% in the first quarter of 2018 and 6.9% in the first half of the year, according to a forecast by the National Academy of Economic Strategy of the Chinese Academy of Social Sciences released on Tuesday March 27.The forecast also expects China to meet this year's annual GDP gr...Read More

Rick Rule and Sprott have been working on setting up a blockchain based gold platform. Now it's finally a reality. Just Monday it was announced that the trading platform is operational. The large gold producer Goldcorp is a shareholder in the venture and has just delivered gold bars to the Royal Canadian Mint to be held for fractional sale. This seems like a natural progression of blockchain techn...Read More

For those of you who remember the movie Trading Places, this was a famous scene that I always remember when we see emotional reactions in the market after a downdraft.And, when I went to read articles being published over the weekend, it seems they were all pretty much in agreement with the sentiment expressed in this scene: "You idiot. Get back in there and sell, sell, sell."Markets go up. Mark...Read More

By Bron SucheckiIn commodity markets backwardation is an indicator of physical shortages. Shortages result in buyers bidding up the cash price of the commodity above the future prices. This creates a profitable trade (called decarry) for those holding the physical commodity - they can sell it now and buy a futures contract at a lower price, locking in a profit.Backwardation should therefore be a...Read More

Domestic prices for mesh-quality wire rod produced and delivered in Europe remained unchanged this week, with market activity expected to rise after the Easter holiday, sources said on Wednesday March 28.Metal Bulletin's weekly price assessment for domestic mesh-quality wire rod in Northern Europe was unchanged on Wednesday at ?,?550-560 ($683-696) per tonne delivered."The recent bad weather has m...Read More

?593,369 - the average price of a house in London in January! (That's about $829,000.)$1 million plus - what 400 square foot condos go for in Vancouver!Continue...Read More

SHANGHAI, Mar 28 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar rebounded overnight as concerns of a trade war eased. Month-end capital flows and a weakening euro also buoyed the index.Most base metals climbed up but with limited gains due to the rebound in the greenback. SHFE copper inched up, while zinc dipped. LME...Read More

"China's launch on Monday of its crude futures exchange will improve the clout of the yuan in financial markets and could threaten the international primacy of the dollar, argues a new report by Hayden Briscoe, APAC head of fixed income at UBS Asset Management. 'This is the single biggest change in capital markets, maybe of all time,' Briscoe said in a follow-up telephone interview." - Kate Dugu...Read More

"Some things never change. Some things do." You might be wondering why we are quoting one of the lines from the Matrix movie. The reason is because that's exactly what we can say about the gold market and the price patterns in it. The thing that never changes is the fact that gold will always somehow react to the fundamental news, but the way it reacts will vary over time. Moreover, this quote c...Read More

Craig Hemke compares the 2011 run-up in silver with the bullish set-up found in silver today. Here's what he found...by Craig Hemke via SilverSeekThere has been a lot of talk lately about the bullish internals of COMEX silver, and rightfully so! The size of the Speculator net short position is the largest in two decades, and this is a decidedly bullish indicator.Since all of this data comes from t...Read More

Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More

Prices for domestic steel hollow steel sections in Southern Europe have fallen by ?,?5-15 per tonne because mills are suffering from low demand, market sources said on Wednesday March 28."We are seeing a small number of offers at the moment, because of the uncertainty in the market. It may be that some suppliers have become nervous, seeing their order intake down in March," one Southern European p...Read More

By Avi GilburtFor those of you who remember the movie Trading Places, this was a famous scene that I always remember when we see emotional reactions in the market after a downdraft.And, when I went to read articles being published over the weekend, it seems they were all pretty much in agreement with the sentiment expressed in this scene: "You idiot. Get back in there and sell, sell, sell."Mar...Read More

Turkish steel producers have returned to the deep-sea scrap markets after two weeks of silence but prices remained largely stable with the news of a European transaction heard on Wednesday March 28.A steel mill in the Marmara region booked a European cargo, comprising 5,000 tonnes of HMS 1&2 (75:25), 20,000 tonnes of shredded and 5,000 tonnes of bonus at an average price of $375 per tonne cfr.Meta...Read More