Global investors are radically underinvested in gold today. Years of relentless stock-market rallying to endless new record highs have left this classic alternative investment deeply out of favor. But this gold-demand ebb is ending. The same central banks that fueled these extreme stock markets through epic easing are reversing to massive and unprecedented tightening. As stocks roll over...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Raw materialsIron ore prices ended Friday on the rise after experiencing declines early in the week. Metal Bulletin's 62% Fe Iron Ore Index came to $74.39 per tonne cfr Qingdao, amid gains in the futures and steel markets.Trading activity in the seaborne coking coal market remained thin on Friday, with...Read More
A week ago we saw natural gas hit resistance and our cycle analysis also indicated the timing was about right for the price to start to fall.Here is what we saw and sent to our subscribers: Fast forward a few days... the chart below shows you our updated technical analysis and prediction - Nat Gas Bottoming.Today we issued a CLOSE POSITION alert to subscribers for a clean and simple trade.Our art...Read More
By Gordon LongIn this 30 minute video which includes over 20 slides, Charles Hugh Smith and Gordon T Long discuss their 2018 Themes.http://gordontlong.com/ Read More
Just a few days ago we alerted our members and followers to a massive setup in the Palladium market that had not been seen in years. This chart formation provides an incredible opportunity for a trader to take advantage of and profit from the expected price decline. We alerted our members and followers on January 24th of this move.As of today, Palladium has rotated downward by over 9% from the...Read More
Indian local secondary billet prices this week showed a slight fall of about 200 rupees per tonne week-on-week, with buyers staying away from the market and the number of inquiries to mills dwindling.Prices for Indian domestic secondary billet, which is mainly produced through the induction furnace route, ended the week at 31,800-32,000 rupees ($497-501) per tonne ex-mill on Friday February 2. Thi...Read More
By Steve St. AngeloThe U.S. Government is in serious trouble when interest rates rise. As interest rates rise, so will the amount of money the U.S. Government will have to pay out to service its rapidly rising debt. Unfortunately, interest rates don't have to increase all that much for the government's interest expense to double.According to the TreasuryDirect.gov website, which came back on...Read More
Recently we called the top in gold, silver, miners, and palladium. This was based on several technical indicators including our cycle analysis.Below is a quick snapshot of how we and our members profited from the recent drop in precious metals. Our articles, Technical Trading Mastery book, and 3 Hour Trading Video Course are designed for both traders and investors to explore the tools and tech...Read More
China's domestic rebar prices remained in an upward trend on Friday February 2 amid gains in the billet and futures markets, though trading activity remained thin.Domestic Eastern China (Shanghai): 3,840-3,900 yuan ($610-619) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,920-3,950 yuan per tonne, narrowed upward by 20 yuan per tonneThe gains in the billet and paper markets pushed up s...Read More
- "We have a stock market bubble" warns Greenspan- "Bond bubble will be the big issue" he tells Bloomberg TV (see video)- "Fiscally unstable long-term outlook in which inflation will take hold"- "Ratio of federal debt to GDP which is extraordinarily high" (see chart)- Higher interest rates, inflation and stagflation coming- Gold is the "ultimate insurance policy" - GreenspanSource: US Fundsvia Blo...Read More
European stainless steel base prices have remained unchanged over the past week, with domestic prices under import pressure from cheaper Asian material, sources told Metal Bulletin on Friday February 2.Metal Bulletin's weekly base price assessment on Friday for 2mm, grade-304 CR stainless steel sheet was ?,?1,060-1,120 ($1,320-1,395) per tonne delivered in Northern Europe.Metal Bulletin's weekly b...Read More
There was no clear trend in China's ferrous futures market during morning trading on Friday February 2 after the Hebei provincial government denied that it was planning to extend production cuts for an additional two months.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,947 yuan ($627) per tonne, down 7 yuan per tonne May hot rolled coil: 4,017 yuan per tonne, up 1...Read More
China's domestic stainless steel prices widened upward over the past week on nickel gains in recent days.Metal Bulletin's assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,500-15,500 yuan ($2,303-2,461) per tonne including VAT for the week ended Thursday February 1, widening upward by 300 yuan per tonne from 14,500-15,200 yuan per tonne a week ear...Read More
- CFTC fines UBS, HSBC and Deutsche Bank millions of dollars each for gold price manipulation - Deutsche Bank 'engaged in a scheme to manipulate the price of precious metals futures contracts'- UBS 'attempted to manipulate the price of precious metals futures contracts'- HSBC engaged 'in numerous acts of spoofing with respect to certain futures products in gold and other precious metals'- Gol...Read More
The survey by the London Bullion Market Association of analysts' predictions for the gold price this year suggest a wild ride for bullion after a fairly uneventful 2017.The LBMA, a standards setting body for the industry, says the 34 analysts polled are divided on the paths that precious metal prices will take in 2018:"Opinions differ as to the level of US real interest rates, the likely impact...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Raw materialsIron ore prices ended Friday on the rise after experiencing declines early in the week. Metal Bulletin's 62% Fe Iron Ore Index came to $74.39 per tonne cfr Qingdao, amid gains in the futures and steel markets.Trading activity in the seaborne coking coal market remained thin on Friday, with...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Raw materialsIron ore prices ended Friday on the rise after experiencing declines early in the week. Metal Bulletin's 62% Fe Iron Ore Index came to $74.39 per tonne cfr Qingdao, amid gains in the futures and steel markets.Trading activity in the seaborne coking coal market remained thin on Friday, with...Read More
The market in the United Kingdom for grade-5C ferrous scrap has dropped this week, marking another weekly fall since the price was assessed on January 12, with suppliers cutting their offer prices in line with export demand.The move in the light iron scrap market in the UK follows a fall in trade to key destinations such as Turkey and the Indian subcontinent.The rate of steel scrap exports to Turk...Read More
JOHANNESBURG (miningweekly.com) - Aim-listed diamond mining company BlueRock Diamonds says it has received notice that its former CEO Riaan Visser, and certain companies controlled by him, intend to apply to place the company's operating Kimberley-based subsidiary, Kareevlei Mining, in provisional liquidation. The company has taken legal advice and is of the view that, based on currently...Read More
European stainless steel base prices have remained unchanged over the past week, with domestic prices under import pressure from cheaper Asian material, sources told Metal Bulletin on Friday February 2.Metal Bulletin's weekly base price assessment on Friday for 2mm, grade-304 CR stainless steel sheet was ?,?1,060-1,120 ($1,320-1,395) per tonne delivered in Northern Europe.Metal Bulletin's weekly b...Read More