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

Turkish scrap import prices continued to climb on Tuesday February 27 with news of another Baltic Sea cargo sold at the end of last week.Market participants, however, expected prices to go up even further, while suppliers have already increased their offers, Metal Bulletin was told.A steel mill in the Izmir region booked the Baltic Sea cargo late on February 23, comprising 28,000 tonnes of HMS 1&2...Read More

By Craig HemkeAfter rising together through 2012, the past five years have seen a massive divergence between the total amount of accumulated U.S. government debt and the price of COMEX gold. When, if ever, will we see this correlation reappear? After falling together through the late 1990s, the price of COMEX god and the total accumulated U.S. debt began to rise together since 2002. With the hel...Read More

Earlier this month, the United States government released its annual financial report for the year 2017. This is something the government does every year, similar Continue...Read More

By Dave KranzlerFed Head, Jerome Powell, is not an economist. He's a politician who made a lot of money at the Carlyle Group. He has an undergraduate degree in politics and went to law school. After working for awhile as a lawyer at a big Wall St. firm, Powell migrated to investment banking at Dillon Read. Powell must have built a relationship with Nicholas Brady at Dillon Read, because he jumpe...Read More

President Donald Trump announced that he will be running for re-election in 2020Continue...Read More

Iron ore prices softened slightly but stayed above $79 per tonne cfr China on Tuesday February 27 after a jump a day earlier. Metal Bulletin's 62% Fe Iron Ore Index Today: $79.15 per tonne cfr Qingdao Daily change: down by $0.21 per tonne Month-to-date average: $77.29 per tonne Metal Bulletin's 58% Fe Premium Index Today: $61.87 per tonne cfr...Read More

Prices for seaborne iron ore were rangebound on Tuesday February 27 after they rose close to the $80-per-tonne level a day earlier. Key drivers Premiums for March-delivery cargoes of Pilbara Blend fines and Newman fines continued to weaken during the day amid an increase in the number of such cargoes being offered on the market and thin buying interest among mills. Several trading sources pegged t...Read More