- 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'- Gold...Read More

The falling scrap market pushed prices for CIS-origin pig iron down during the week ended Thursday February 1, Metal Bulletin has heard."The market has weakened, and producers can no longer keep pig iron prices high while the scrap market is crashing," a trader told Metal Bulletin.Metal Bulletin's export price assessment for high-manganese pig iron from the CIS region fell to $350-375 per tonne fo...Read More

Inflation has become a big enough problem that even the Fed is talking about it.By way of background, you need to understand that the entire game for the Fed is to dramatically understate inflation so it can continue to "paper over" declining living standards in the US.Were the Fed to ever accurately measure inflation, it would quickly become apparent that incomes have failed to match increased co...Read More

CloseGain/LossGold $1350.00+$4.30Silver$17.24-$0.09XAU87.60-0.07%HUI196.70+0.13%GDM661.96-0.27%JSE Gold1244.84-0.24USD88.59-0.51Euro125.19+1.06Yen91.44-0.26Oil$65.80+$1.0710-Year2.779%+0.059T-Bond146.125-1.6875Dow26186.71+0.14%Nasdaq7385.86-0.35%S&P2821.98-0.06% The Metals: Gold fell $8.30 to $1337.40 in London, but it then rallied back higher throughout most of trade in New York and ended...Read More

This stuff is about to get real.I was finger-scrolling through The Daily Shot the other day (a daily chart package mailed out by The Wall Street Journal-it's a must-read for everyone in the business), and I came across this:Source: The Daily ShotPeople are getting bulled up on the idea that the Fed might hike more than three times this year.That's not unreasonable, given that stocks have gone stra...Read More

Yesterday afternoon brought three salient statements from Washington financial authorities that boil down to a simple admonition. To wit, if you are still inContinue...Read More

Inflation has become a big enough problem that even the Fed is talking about it.By way of background, you need to understand that the entire game for the Fed is to dramatically understate inflation so it can continue to "paper over" declining living standards in the US.Were the Fed to ever accurately measure inflation, it would quickly become apparent that incomes have failed to match increased co...Read More

The Turkish scrap import market remained quiet on Thursday February 1, with mills holding back in anticipation of a new price level, according to sources.There have been no new transactions heard since a US cargo was sold on January 30 at $348 per tonne cfr for HMS 1&2 (80:20).Suppliers did not want to follow that US cargo and lower their offer prices, Metal Bulletin was told."The mills are t...Read More

Full Article: THE Week. THE Record. THE Extreme Sign for GoldBy: Przemyslaw RadomskiTo say that gold's weekly volume was big is like to say that snails are not the fastest animal. You can't say that it's a lie, but it doesn't really convey the entire truth, either. Gold's weekly volume was the highest EVER. Yes, ever. There was not a single week - not even during the 2011 top or when gold decl...Read More

By Jeff ClarkMost price forecasts aren't worth more than an umbrella in a hurricane. There are so many factors, so many ever-changing variables and dynamics, that even the most educated guess almost always ends up wrong.Further, some forecasts base their predictions on one issue. "Interest rates will rise so gold will fall." That's not even an accurate statement, let alone a sensible prediction...Read More

This article is in 3 parts and covers a) upcoming trade reporting in the London gold market which is being led by the London Bullion Market Association (LBMA), b) the recent publication by the LBMA of a Guide to the London OTC precious metals markets, and c) an update on monthly vault reporting which the LBMA and the Bank of England launched in 2017.LBMA Trade ReportingThe lack of trade reporting...Read More

"The debt problem is the thing that people are missing...There's no way you can keep corporations going when they're borrowing like crazy to pay off old debt."Read More

By Mike MaloneyHave you ever seen this much gold in one place? In this video, Mike Maloney shows the remarkable images coming out of Russia that are evidence of their recent surge in gold reserves. What do they see coming? Is this a subtle challenge to Fort Knox and their ongoing lack of transparency? Read More

Iron ore prices remained largely stable on Thursday February 1 with transactions at Chinese ports and in the seaborne market being concluded at levels close to those a day earlier. Metal Bulletin's 62% Fe Iron Ore Index Today: $72.88 per tonne cfr Qingdao Daily change: down by $0.04 per tonne Month-to-date average: $72.88 per tonne Metal Bulletin's 58% Fe Premium Index Today: $59.59...Read More

Recently, we saw the dollar index (the DXY), which measures the USD against a basket of the world's major currencies, break below its support of 91 for the first time since January of 2015 (Figure 1). This event may signal the most important trend of 2018: the breakdown of the dollar.Figure 1: Daily Dollar Index (DXY) Source: Thomson Reuters EikonThe recent drop of .96 percent was the second lar...Read More

"Every two weeks from February to November Americans will be reminded that one party cut their taxes and raised their pay. And the other tried to stop it."Continue...Read More

By Jared DillianNow would be a good time to follow me on Twitter if you haven't already, because stuff is about to get real.I was finger-scrolling through The Daily Shot the other day (a daily chart package mailed out by The Wall Street Journal it's a must-read for everyone in the business), and I came across this:Source: The Daily ShotPeople are getting bulled up on the idea that the Fed might...Read More

Turkish billet prices have fallen over the past week because of the poor demand in the domestic and export markets and the lower costs for imported scrap, while demand for imported billet has recovered slightly, sources said on Thursday February 1.Metal Bulletin's weekly price assessment for billet imports into Turkey was $505-520 per tonne cfr on the day, down from the $515-525 per tonne of last...Read More

By Ronan Manlyhttps://www.bullionstar.com/This article is in 3 parts and covers a) upcoming trade reporting in the London gold market which is being led by the London Bullion Market Association (LBMA), b) the recent publication by the LBMA of a Guide to the London OTC precious metals markets, and c) an update on monthly vault reporting which the LBMA and the Bank of England launched in 2017.LBMA...Read More

Marin KatusaMarin Katusa started off the 2018 Vancouver Resource Investment conference off in a battle with Rick Rule and Frank Holmes discussing top picks.Marin's picks were no surprise to the audience as they are the same companies (dogs) he has been promoting for the past several years.In case you are wondering about some of Marin's track record this link is a good place to do some due dilig...Read More