The export market for hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States has grown on restricted supplies and rising prices for semi-finished steel products, sources have told Metal Bulletin."Mills are overbooked and buyers are searching for material," a trader told Metal Bulletin. He added that it was a challenge to find HRC available to purchase, althoug...Read More
The most common question Mike has received lately is 'When will silver finally take off?'. In this video Mike is joined by David Morgan to give their best attempts at predicting when the metals markets might start seeing performance akin to cryptocurrencies of late.Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader i...Read More
Source: Jack Chan for Streetwise Reports 02/26/2018 Technical analyst Jack Chan charts the latest movements in the gold and silver markets. -->Our proprietary cycle indicator is down.The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.The gold sector is on a short-term sell signal. Short-term...Read More
By Frank HolmesStrengths? The 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 sent $529 million into the VanEck Gold Miners ETF.?...Read More
Export prices for hot-rolled coil (HRC) and cold-rolled coil (CRC) from Latin America have risen, with Brazilian producers seizing the opportunity presented to them by high global prices and a lack of offers from China.Metal Bulletin's weekly assessment of Latin America's HRC export price reached $630-635 per tonne fob on Friday February 23, up from $570-580 per tonne fob a week earlier, while the...Read More
By Gary TanashianFor Notes From the Rabbit Hole bonds are not just an asset class 'throw-in' but instead are a key indicator set to the entire modern macro. Insofar as it may be time to use them for portfolio balance (I am currently long SHV, SHY, IEI & IEF), so much the better. Many could not wait to buy bonds during US ZIRP global NIRP operations, but today they pay better interest and have a...Read More
– Will digital gold provide the benefits of physical gold?– Digital gold and crypto gold products claim to combine efficiencies of blockchain with value of gold – They are yet to provide the same benefits or safety as owning physical gold – National mints jumping in on the ‘sexy blockchain’ act – BOE declares bitcoin ‘not a currency;&rsqu...Read More
By BullionStarhttps://www.bullionstar.com/The rapid emergence and commercialization of blockchain technology is undoubtedly one of the key technological trends at the moment, not just within crypto currencies, but as a disruptive technology across many industries and economic functions.At a high level, a blockchain is a distributed and public digital ledger of transactions that is updated across...Read More
Prices for Asia-origin steel commodities could remain elevated for April- and May-shipment cargoes, although this will depend on further policy changes in China and the United States, market sources have told Metal Bulletin.Bullish sentiment on near-term spot prices is prevalent because production cuts in China could yet be extended all the way into May-June."Many market participants think that pr...Read More
By Avi GilburtWhenever I write a new article on the stock market, I usually try to highlight just how ridiculous much of the commentary about the market truly is. My ultimate goal is to force you to think on your own and adopt a more intellectually honest perspective of financial markets, rather than just buying into anything you read or hear.Two weeks ago, I noted how the pundits claimed the ma...Read More
Should government employees be required to pay union fees, even if they aren't members of the union? Can you sport a "Don't Tread on Me" T-shirt to a voting Continue...Read More
Forget about normalization, the Fed is terrified.The Fed officially began Quantitative Tightening in October. To date, the Fed has shrunk its balance sheet by less than $40 billion. And already Fed officials are so spooked by stocks falling, that they're promising more QE down the road... including an implicit purchasing of stocks.To whit, on Friday, Boston Fed President Eric Rosengren stated the...Read More
CIS export rebar and wire rod prices continued to rise in the week ended Monday February 26 amid reduced availability of the materials, although customers were refraining from bookings because they considered the offered prices to be too high.Metal Bulletin's weekly price assessment for CIS rebar exports narrowed upward to $570-580 per tonne fob Black Sea on February 26, from $565-580 per tonne fo...Read More
Analysts disagree about which indicator is best for calling market tops, but the easiest to understand and the most tragic is probably margin debt.This is money borrowed by (usually individual or "retail") investors against their existing stocks to buy more stocks. Investors tend to do this when markets are rising and using leverage seems like an effortless way turbocharge their gains. But e...Read More
Bullion investors buy gold and silver as a matter of self-reliance. Physical metals aren't dependent upon the promises of financial institutions, governments, or other third parties.This lack of counterparty risk makes precious metals quite different from most conventional assets. There is no possibility of a default or mismanagement which renders them worthless. That is a lot more than can be sai...Read More
Forget about normalization, the Fed is terrified.The Fed officially began Quantitative Tightening in October. To date, the Fed has shrunk its balance sheet by less than $40 billion. And already Fed officials are so spooked by stocks falling, that they're promising more QE down the road... including an implicit purchasing of stocks.To whit, on Friday, Boston Fed President Eric Rosengren stated the...Read More
CloseGain/LossGold $1333.20+$3.90Silver$16.63+$0.11XAU81.27+0.92%HUI178.10+0.79%GDM620.15+0.70%JSE Gold1104.42+14.83USD89.85-0.07Euro123.20+0.21Yen93.64-0.13Oil$63.91+$0.3610-Year2.863%-0.004T-Bond144.125+0.0625Dow25709.27+1.58%Nasdaq7421.46+1.15%S&P2779.60+1.18% The Metals: Gold gained $11.50 to $1340.80 in Asia before it fell back to $1330.20 by midday in New York, but it then bounced ba...Read More
For a market analyst there is an irresistible temptation to seek out one or more historical parallels to the current situation. The idea is that clues about what's going to happen in the future can be found by looking at what happened following similar price action in the past. Sometimes this method works, sometimes it doesn't.Assuming that the decline from the January-2018 peak is a short-term...Read More
Fed chairmen/chairwomen will come and go but the Fed is the Fed. That's why the real underlying policy has not changed with Yellen's replacement by Powell. And it won't change. The small stick is getting ever smaller, namely interest rate manipulation and money printing. The bubbles will keep on coming, whether it's Bitcoin or the stock market. Promises that were made cannot be kept, whether it's...Read More