- Global debt 'area of weakness' and could 'induce financial panic' - King warns- Global debt to GDP now 40 per cent higher than it was a decade ago - BIS warn- Global non-financial corporate debt grew by 15% to 96% of GDP in the past six years- US mortgage rates hit highest level since May 2014- US student loans near $1.4 trillion, 40% expected to default in next 5 years- UK consumer debt hit ?...Read More

By Rory HallIf you have a problem then you have a solution, otherwise you're just fussing about the situation. Well, that may be true in most cases, but when we are discussing rigged markets and crony capitalism the solutions can sometimes be evasive. They do exist, it's just a question of getting to them and bringing them to life. After swimming in the problem, as most of us have been doing for...Read More

Prices for commodity-grade hollow sections increased by $5-10 per tonne in Southern Europe this week, with Italian tube producers continuing to ask customers to pay higher prices.Metal Bulletin's price assessment for Southern Europe-origin hollow sections was ?,?625-655 ($771-808) per tonne on Wednesday, compared with ?,?620-645 per tonne delivered last week.Domestic Northern European hollow secti...Read More

There aren’t many investment scenarios you can point to with any degree of certainty and say, “This asset is going to rise.” Saying so is usually fraught with risk, even if in hindsight it turns out to have been an accurate call.But there are certainly times when you can see that the odds are heavily stacked in your favor. And we have one of those potential scenarios right now in...Read More

The amount of gold mined in a year is only about 1.5% of the total existing stock of gold, which is why changes in gold production have almost no effect on the gold price. It is also why changes in the cost of mining gold do not affect the gold price. In fact, cause and effect works the other way around the change in the market price of gold determines, with a lag, the average cost of mining g...Read More

"I would also point out the administration is really heteronormative about [Valentine's Day] which is kinda f***** up." Continue...Read More

Domestic prices for steel wire rod in Northern Europe widened downward by ?,?5 per tonne this week, amid scrap costs that are weakening and despite strong demand, sources told Metal Bulletin on Wednesday February 7.Metal Bulletin's weekly price assessment for domestic mesh-quality wire rod in Northern Europe widened downward week-on-week to ?,?545-560 ($672-691) per tonne delivered on Wednesday. T...Read More

By Gary SavageThis video examines the current daily cycles in the dollar and euro and suggests caution is warranted for the gold market.https://blog.smartmoneytrackerpremium.com/ Read More

We live in very specific times. Gettinga “like” on a post or picture becomes a necessary daily activity and means ofself-validation. Not “liking” something that others posted or that is massively“liked” like may be frowned upon or even viewed as being disrespectful. Plus,it seems that no matter what you do, everyone gets offended very easily. Whendid honesty, in...Read More

As I've been stating for weeks now, inflation is the big theme for 2018. Even the Fed's ridiculous CPI measure is coming in higher than expected (though real inflation is now at 3%).Why is this a big problem?Because inflation is going to:1) Either blow up the Everything Bubble2) Force Central Banks to become more hawkish, thereby draining liquidity from the stock market.As I outlined in my...Read More

By Steve St. AngeloAfter the U.S. Government passed the new budget and debt increase, with the President's signature and blessing, happy days are here again. Or are they? As long as the U.S. Government can add debt, then the Global Financial and Economic Ponzi Scheme can continue a bit longer. However, the days of adding one Dollar of debt to increase the GDP by two-three Dollars are gone...Read More

The steel mills in Turkey resumed their deep-sea scrap bookings on Wednesday February 14 at comparatively stable prices, Metal Bulletin was told.A steel mill in the Marmara region booked a US cargo, comprising 30,000 tonnes of HMS 1&2 (80:20) at $349.25 per tonne, 5,000 tonnes of shredded at $354.25 per tonne...Read More

As I've been stating for weeks now, inflation is the big theme for 2018. Even the Fed's ridiculous CPI measure is coming in higher than expected (though real inflation is now at 3%).Why is this a big problem?Because inflation is going to:1) Either blow up the Everything Bubble2) Force Central Banks to become more hawkish, thereby draining liquidity from the stock market.As I outlined in my...Read More

Self-destruction usually happens in stages. At first there's a binge in which the thrill outweighs the sense of transgression. This is Continue...Read More

By George SmithAs people age we sometimes hear them say it beats the alternative, which is usually left unsaid. It's an old joke technology aims to eliminate by treating aging as a disease and curing it. But there's another sense in which the alternative is assumed to be far worse than the present condition. I'm referring to the type of government almost all people live under, which is th...Read More

OnMonday, oil bulls extended gains after Friday's invalidation of the breakout,which together with the buy signal generated by the Stochastic Oscillatorsuggest further improvement. A least at the first sight. But does watching theroom through the keyhole give us a full picture of what's inside? We also thinkso, therefore, we invite you to analyze a broader picture of crude oil.Let’sanalyze t...Read More

CloseGain/LossGold $1352.10+$22.80Silver$16.87+$0.30XAU85.50+5.49%HUI189.40+4.96%GDM641.91+4.24%JSE Gold1173.26+2.95USD88.95-0.74Euro124.58+1.07Yen93.49+0.71Oil$60.60+$1.4110-Year2.911%+0.082T-Bond143.50-1.0625Dow24893.49+1.03%Nasdaq7143.62+1.86%S&P2698.63+1.34% The Metals: Gold gained $7.60 to $1336.90 in Asia before it dropped back down to $1318.50 just after this morning's inflation dat...Read More

Iron ore prices jumped to more than $78 per tonne cfr China on Wednesday February 14 despite inactive physical trading. Metal Bulletin's 62% Fe Iron Ore Index Today: $78.41 per tonne cfr Qingdao Daily change: up by $1.05 per tonne Month-to-date average: $76.19 per tonne Metal Bulletin's 58% Fe Premium Index...Read More

By Frank HolmesThe U.S. has been a net importer of energy since 1953, but that's set to change early next decade, according to the Energy Information Administration (EIA). In its highly anticipated Annual Energy Outlook 2018, the agency forecasts that the U.S. will become a net exporter of energy by as early as 2022, thanks in large part to the boom in shale oil and liquefied natural gas (LNG) p...Read More

As I've been stating for weeks now, inflation is the big theme for 2018. Even the Fed's ridiculous CPI measure is coming in higher than expected (though real inflation is now at 3%).Why is this a big problem?Because inflation is going to:1) Either blow up the Everything Bubble2) Force Central Banks to become more hawkish, thereby draining liquidity from the stock market.As I outlined in my...Read More