We noted earlier that US equity futures were extending losses after the close, but the real panic action is in the volatility complex.Continue...Read More

The downward trend in the CIS export steel billet market slowed down in the week ended Monday February 5 with deal prices remaining largely unchanged week-on-week.Metal Bulletin's weekly export CIS Billet Index was stable at $492 per tonne fob Black Sea on February 5.Ukrainian steelmaker Metinvest offered billet at $490 per tonne fob Black Sea late last week, sources told Metal Bulletin.Market par...Read More

By Keith WeinerSinging the song of rising ratesLast week, we took a break from the theme of the consumption of capital, for our annual Outlook 2018 report. We are going to leave the topic for one more week, while we address a market move which is on everyone's mind.Are interest rates now in a rising cycle?The Fed has been singing the song of rising rates since Yellen hinted at it in September 20...Read More

On Friday, the market finally woke up to the reality of rising rates.The truth is that Central Banks have been printing money for too long, maintaining "emergency" levels of QE despite the fact the global economy is growing.This has unleashed inflation, which is forcing the bond market to drop. On Friday, stocks finally "got the memo" that conditions are too loose and the US Dollar is falling too...Read More

By Ira EpsteinGold closes steady off but caught an after settlement bid as stock indices had a sharp sell-off.https://www.iraepstein.com/ Read More

The Dow Jones industrial average lost nearly 1,600 points briefly on Monday. The Dow also erased its 2018 gains.Continue...Read More

Most Americans have spent the last few years pressed up against the proverbial bakery window, watching the 1% enjoy a life of ever-increasing wealth and seemingly total indifference to the multitudes who aren't favored by zero interest rates, big trust funds and political/corporate connections.The one consolation for the have-nots has been that, by owning few stocks and bonds, they would suffer le...Read More

China's domestic rebar prices rose slightly on Monday February 5 amid a strengthening of the billet market.Domestic Eastern China (Shanghai): 3,860-3,920 yuan ($612-622) per tonne, up 20 yuan per tonneNorthern China (Beijing): 3,920-3,960 yuan per tonne, widened upward by 10 yuan per tonneThe price of billet increased by 20 yuan per tonne over weekend, which gave the spot rebar market a boost.But...Read More

- Shrinkflation continues to take hold across UK, Ireland and US for sixth year running- Shrinkflation sees consumers gets less product, but at the same or increased price- 2,500 products have shrunk according to Office of National Statistics in UK- Reported inflation is between 1.7% and 3% but actually much higher- Shrinkflation is financial fraud, unreported inflation in stealth mode- Gold...Read More

Not strong, not weak but strategically benignBy Michael J. KosaresTrump-Mnuchin qualifiers in dollar statements tell all"While it's [a strong dollar] described as a desirable and intended thing, it might not be a choice. The size of dollar holdings of reserves (in dollar-denominated debt) and the dollar's role as the dominant world currency are anachronisms and large relative to what one would w...Read More

On Friday, the market finally woke up to the reality of rising rates.The truth is that Central Banks have been printing money for too long, maintaining "emergency" levels of QE despite the fact the global economy is growing.This has unleashed inflation, which is forcing the bond market to drop. On Friday, stocks finally "got the memo" that conditions are too loose and the US Dollar is falling too...Read More

Singing The Song Of Rising RatesLast week, we took a break from the theme of the consumption of capital, for our annual Outlook 2018 report. We are going to leave the topic for one more week, while we address a market move which is on everyone's mind.Are interest rates now in a rising cycle?The Fed has been singing the song of rising rates since Yellen hinted at it in September 2014. The Fed's fir...Read More

"We cannot tolerate pervasive and persistent misconduct at any bank," Janet Yellen said Friday.Continue...Read More

The big question is if has gold topped out for the short term. Traders are expecting a March interest rate hike by the Federal Reserve after nonfarm payrolls. My 2018 analysis is based on four interest rate hikes this year. I expect gold price to rise despite four interest rate hikes by the Federal Reserve. Only the pace of rise and pace of fall will not be as per trader expectation. Asian gold...Read More

By Clint Siegner The meteoric rise of crypto-currencies, including Bitcoin, captured the attention of many precious metals investors last year. Crypto's potential to serve as private and decentralized currency - beyond the reach of bankers (central and otherwise) to corrupt and control - is an alluring combination for some speculative members of "honest money" crowd. Investors are currently tr...Read More

I've spent over thirty years analyzing markets and have noticed an interesting correlation between the Wall St. Markets (stocks, interest rates) Gold (and the mining shares), the Dollar Index and Oil. In the charts below, I describe what I call "shadows" of the past and how they repeat certain patterns.Right now I know that traders are concerned with rising interest rates, but at this point in the...Read More

By Frank HolmesStrengths? Despite the headwinds of rising interest rates, gold was the best performing metal this week, although down slightly by 1.24 percent. Gold traders are bullish for the fourth week in a row after the yellow metal posted its biggest monthly advance in five months in January, according to Bloomberg's weekly survey. The government of India is presenting a p...Read More

Current Position of the MarketSPX: Long-term trend - The bull market is continuing with a top expected in the low 3000s.Intermediate trend - Is this an intermediate-term top? Perhaps not yet!Analysis of the short-term trend is done on a daily basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discusses the course of longer market trend...Read More

Chinese ferro-silicon prices have edged down in line with tender purchase prices in the past week, with the European market easing amid reports of deals heard below the current range. China tracks lower tender purchase prices ...but supportive factors seen European price range eases US market firms while available supply thins Chinese domestic ferro-silicon prices were lower week on...Read More

By Avi GilburtFor those that follow me regularly, you will know that I have been tracking a set up for the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX), which I analyze as a proxy for the metals market. I believe that the GDX can outperform the general equity market once we confirm a long term break out has begun, and I think we can see it in occur in early 2018. But, that will depend if the ma...Read More