Some flat steel import offer prices in the United Arab Emirates and Saudi Arabia decreased this week despite the strong demand in the UAE, sources told Metal Bulletin on Tuesday February 27.UAEHot-rolled coil was being offered to the UAE at $620-630 per tonne cfr from China and $650-660 per tonne cfr from India.Buyers were bidding $630 per tonne cfr for India-origin HRC.Ukraine offered the product...Read More

In today's video, Mike Maloney presents a series of charts that tell a story of severe undervaluation of silver in relation to gold. In addition, by comparing the Weekly Transparent Holdings and COT Reports for gold & silver, another narrative rears its head: Are these charts evidence that JP Morgan has been accumulating a massive position of physical silver, and that this is actually the story of...Read More

Graceland Updates By Stewart Thomson 1. For the past fifteen months or so, gold has repeatedly been turned back by immense technical resistance in the $1370 area.2. Please click here now. Double-click to enlarge this daily gold chart. 3. There have been three clear attempts to push through the $1370 area since November of 2016. The first two failed miserably, but the cur...Read More

China's hot-rolled coil export prices exceeded the $600-per-tonne mark on Tuesday February 27 while the domestic market stabilized after Monday's surge.DomesticEastern China (Shanghai): 4,170-4,190 yuan ($660-663) per tonne, narrowed upward by 10 yuan per tonneNorthern China (Tianjin): 4,100-4,130 yuan per tonne, unchangedThe paper market made up for early losses in the afternoon, enabling spot pr...Read More

By Gordon LongSLIDE 5Going into last year we were tracking close to 33 Tipping Points. We thought 33 to be high, but somewhat expected the overall number to fall off going into 2018, with fewer but those ones likely being more elevated.What we have identified however going into 2018 are 44 Tipping Points with 11 categorized as "High Risk". High Risk has traditionally been approximately 5-7 in...Read More

"The deadly school shooting this month in Parkland, Florida, has ignited national outrage and calls for action on gun reform. But while certain"Continue...Read More

- New Asian gold trading corridor could boost demand for 1 kg gold bars- Should increase turnover for yuan-denominated gold coins and bars - President- Secure supplies of physical gold from Middle East and Asia for China- China positioning itself as leading gold trading and owning nationby Karen Yeung in the SCMPThe Chinese Gold & Silver Exchange Society (CGSE), Hong Kong's gold exchange, is...Read More

The crude oil price started 2018 with a BANG, rising from an opening $60 to a January peak of $67, that's a 12% gain in less than 1 month! Here is my latest updated expectations for the crude oil price for 2018:TEXT VERSION:Whilst here is a reminder of my opening expectations and forecast for the Crude oil price for 2018, which was for a bullish trend towards a target high of $80.01 Jan 2018 - Cru...Read More

Mexican steelmaker Grupo Simec increased its earnings by 6% year-on-year in the fourth quarter of 2017, amid lower costs and expenses, but did not manage to keep itself in profit for the three months.Earnings before interests, taxes, depreciation and amortization amounted to 1.13 billion pesos ($61 million) during the period, up from 1.06 billion pesos in the fourth quarter of 2016, the company sa...Read More

"It's a joke. It's an absolute joke."FED. BALANCE SHEET LINK: https://www.federalreserve.gov/moneta...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 r...Read More

For the past fifteen months or so, gold has repeatedly been turned back by immense technical resistance in the $1370 area.This is the daily gold chart.There have been three clear attempts to push through the $1370 area since November of 2016. The first two failed miserably, but the current move looks much more positive.During the latest pullback from $1370, the bears have only managed to push the...Read More

Local and imported rebar prices in the United Arab Emirates and Saudi Arabia remained unchanged this week although the price of billet imports into the UAE increased, sources told Metal Bulletin on Tuesday February 27.Demand for locally produced rebar in the UAE was still strong.Domestic rebarThe major rebar producers in the UAE rolled over their prices for March and April production last week.The...Read More

10%. That's what February's flash crash shaved off of the major US equity indexes. And now Gerome Powell, the Fed's incoming chairman, is saying that Continue...Read More

CloseGain/LossGold $1318.60-$14.60Silver$16.42-$0.21XAU78.97-2.82%HUI173.05-2.83%GDM603.45-2.01%JSE Gold1083.86-20.56USD90.40+0.55Euro122.33-0.87Yen93.27-0.37Oil$63.01-$0.9010-Year2.901%+0.038T-Bond143.6875-0.53125Dow25410.03-1.16%Nasdaq7330.35-1.23%S&P2744.28-1.27% The Metals: Gold edged up to $1334.70 in Asia, but it then fell all of the way back to $1313.50 in early afternoon New York t...Read More

Gold corridor from Dubai to China sought by Chinese Gold & Silver Exchange Society- New Asian gold trading corridor could boost demand for 1 kg gold bars- Should increase turnover for yuan-denominated gold coins and bars - President- Secure supplies of physical gold from Middle East and Asia for China- China positioning itself as leading gold trading and owning nationThe Chinese Gold & Silver...Read More

Russian steelmakers have announced their prices for March-rolled rebar to the domestic market, cutting the offer prices only to selected trading companies, Metal Bulletin has heard.Metal Bulletin's price assessment for Russian domestic 12mm A500C rebar was 35,000 roubles ($625) per tonne cpt Moscow, including VAT, on Monday February 26. This compared with 35,000-35,500 roubles per tonne cpt Moscow...Read More

Full Article: SWOT Analysis: China In Talks To Set Up Gold Commodity CorridorBy: Frank Holmes StrengthsThe best performing metal this week was palladium, up 0.11 percent as hedge funds boosted their net bullish in the metal. Gold traders are split between bullish and bearish on the yellow metal after the U.S. dollar rose this week. In the prior week traders were bullish and positive sentiment se...Read More

By Ira EpsteinSoaring US Dollar sinks metals.https://www.iraepstein.com/ Read More

There are a group of bankers based in three cities, not Wall St., but Toronto, Vancouver, and Denver that you probably never heard of. Surprisingly they are gold stocks. They are royalty & streaming companies, otherwise known as the Three Kings (Franco-Nevada, Royal Gold, and Wheaton Precious Metals) are the non-media grabbing bankers in the mining sector. They collect their revenue from some of t...Read More

10%. That's what February's flash crash shaved off of the major US equity indexes. And now Gerome Powell, the Fed's incoming chairman, is saying that he's fine with inflation exceeding the target rate of 2%. Put another way, he's promising that monetary policy will be as loose as necessary to keep asset prices elevated and the wealth affect generating lots of debt-driven consumer spending. And -...Read More