The Dow suffered its worst point decline ever yesterday. Jim Willie tells us this stock market carnage is nothing compared to what is to come...Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic cred...Read More

By Mike MaloneyIn this video, Mike Maloney gives an update on the recent market volatility.Watch Mike's "Things to Come in 2018" video for his full forecast of the year ahead. Read More

The price of no asset can move up or down in a straight line, so why should mining stocks be any different? They have been declining relentlessly for almost 2 weeks, erasing more than 10% of their value. Sharp? Definitely. Unsustainable? Perhaps. When will the turnaround take place? It depends. It depends on the bullish signs and confirmations that we get. The correct question to be asking now...Read More

The merger between ArcelorMittal Brasil and local long steel producer Votorantim Siderurgia is expected to be concluded by April, ArcelorMittal Long Carbon Central & South Americas chief executive officer Jefferson de Paula told Metal Bulletin on Wednesday February 7.The deal will make the combined venture the sector leader in Brazil and will enable it to expand its product portfolio, he added."Th...Read More

By JP Koninghttps://www.bullionstar.com/This blog post is a guest post on BullionStar's Blog by the renowned blogger JP Koning who will be writing about monetary economics, central banking and gold. BullionStar does not endorse or oppose the opinions presented but encourage a healthy debate. Would it make sense to rebuild an international gold standard like the one we had in the late 1800s?...Read More

Got called up to Andy's [McCabe] earlier.. hundreds of thousands of emails turned over by Weiner's atty to sdny [Southern District of New York], includes a ton of material Continue...Read More

Oil prices fell back suddenly over the last few trading sessions, dragged down by some forces beyond the oil market.The steady decline of the U.S. dollar has helped drive up crude prices for weeks, but that came to an abrupt halt last week. A rebound for the greenback led to a steep decline in oil prices on Friday.At the same time, sudden turmoil in the broader financial system also bled over into...Read More

By Frank HolmesMonday's monster stock selloff is exhibit A for why I frequently recommend a 10 percent weighting in gold, with 5 percent in bullion and jewelry, the other 5 percent in high-quality gold stocks, mutual funds and ETFs.What began on Friday after the positive wage growth report extended into Monday, with all major averages dipping into negative territory for the year. The Dow Jones I...Read More

Brazilian long steel import volumes increased by 73.10% in January on an annual basis.Imports of non-alloy long steel goods came to 20,886 tonnes, compared with 12,066 tonnes in the first month of 2017, according to figures released by Brazil's foreign...Read More

- Bitcoin falls from $20,000 to below $6,000 and bounces back to $8000- Top 50 crypto currencies lost over 50% of value in 24 hours- Over $60 billion wiped off entire crypto currency market in 24 hours- Markets concerned about increased regulation, manipulation & country-wide bans- 'Growing global unease about risks virtual currencies pose to investors and financial system' - SEC- Gold acting...Read More

In terms of time, a short-term secondary low is due for Gold here in the current timeframe, originally projected for the February 7th date, but with the normal plus or minus variance of a day or two in either direction. The current decline comes as a result of the 10, 20 and 34-day cycles, each of which have been pointing south off the 1370 swing top - and with the combination of the same at or in...Read More

Continue...David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism...Read More

Prices for European domestic beams have fallen for the first time in 11 weeks after market participants slowed down their purchasing activities, market sources told Metal Bulletin on Wednesday February 7.The market hesitated because stockholders stopping buying amid the recent decrease in scrap prices and the wintry weather across Europe, one Northern European producer source said."At the end of J...Read More

For weeks we've been pounding the table that the bond market was flashing "danger." Just about everyone else on the planet was claiming, "rising rates don't matter."We now know how that turned out.Indeed, High Yield Credit (junk bonds) peaked well before stocks did. Again, the debt markets were screaming trouble was coming. But 99% of investors were not prepared. The truth is that the Fed is way...Read More

Continue...Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at...Read More

The Turkish steel mills stayed out of the scrap markets on Wednesday February 7, making no deep-sea bookings, but were still expected by market sources to book more cargoes for March.There were rumors of a European cargo being sold at $340-342 per tonne cfr for HMS 1&2 (80:20), but the supplier denied this."I heard the same rumor but it is not correct," the supplier source said....Read More

It has been an emotional ride for most traders since stocks started to sell off last Friday in a big way. This crash we just experienced is VERY much like the Aug 2015 crash. Price and volatility both have parabolic price movements that could either make you a lot of money or lose a bundle depending on where your money was positioned.This post is to quickly share three recent trades we have taken...Read More

For weeks we've been pounding the table that the bond market was flashing "danger." Just about everyone else on the planet was claiming, "rising rates don't matter."We now know how that turned out.Indeed, High Yield Credit (junk bonds) peaked well before stocks did. Again, the debt markets were screaming trouble was coming. But 99% of investors were not prepared. The truth is that the Fed is way...Read More

CloseGain/LossGold $1315.30-$6.40Silver$16.33-$0.27XAU80.54-1.90%HUI179.84-1.11%GDM609.88-1.60%JSE Gold1174.79-18.33USD90.35+0.64Euro122.71-1.06Yen91.38+0.04Oil$61.79-$1.6010-Year2.841%+0.039T-Bond144.59375-1.4375Dow24893.35-0.08%Nasdaq7051.98-0.90%S&P2681.66-0.50% The Metals: Gold gained $10.60 to $1332.30 in Asia, but it then fell back off in London and New York and ended near its midaft...Read More

There's a sneaky development underway, one that's been off the radar of most investors. It contributed to the recent stock market plunge, and if it really takes hold it has major ramifications for the three G's: groceries, gas, and gold.What is this development? Here are a few hints...US Treasury yields are now at their highest level in four years, with the two-year note hitting a 10-year highThe...Read More